Garmin Ltd.

GRMN · NYSE
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9/27/2025
6/28/2025
3/29/2025
12/31/2024
Revenue$1,771$1,815$1,535$1,823
% Growth-2.4%18.2%-15.8%
Cost of Goods Sold$724$748$651$743
Gross Profit$1,046$1,067$885$1,080
% Margin59.1%58.8%57.6%59.3%
R&D Expenses$286$277$268$259
G&A Expenses$0$0$0$0
SG&A Expenses$303$318$284$305
Sales & Mktg Exp.$0$0$0$0
Other Operating Expenses$0$0$0$0
Operating Expenses$590$595$552$564
Operating Income$457$472$333$516
% Margin25.8%26%21.7%28.3%
Other Income/Exp. Net$53$8$56$0
Pre-Tax Income$510$480$389$516
Tax Expense$108$79$56$80
Net Income$402$401$333$436
% Margin22.7%22.1%21.7%23.9%
EPS2.092.081.732.27
% Growth0.5%20.2%-23.8%
EPS Diluted2.082.071.722.25
Weighted Avg Shares Out192193193192
Weighted Avg Shares Out Dil194193194194
Supplemental Information
Interest Income$32$32$31$30
Interest Expense$0$0$0$0
Depreciation & Amortization$49$47$46$47
EBITDA$559$519$379$563
% Margin31.6%28.6%24.7%30.9%