GARMIN LTD
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GRMN FY 2025 request
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/api/financials?ticker=GRMN&year=2025&quarter=4&full_year_mode=true
Pick an endpoint and run the request.Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 7,245,519 | 6,296,903 | +15.1% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 664,682 | 610,620 | +8.9% |
| Aviation Segment [Member] | 987,161 | 876,614 | +12.6% |
| Fitness Segment [Member] | 2,357,000 | 1,774,487 | +32.8% |
| Marine Segment [Member] | 1,182,615 | 1,073,192 | +10.2% |
| Outdoor Segment [Member] | 2,054,061 | 1,961,990 | +4.7% |
Show Timing Of Transfer Of Good Or Service breakouts |
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| Transferred At Point In Time | 6,910,894 | 5,968,124 | +15.8% |
| Transferred Over Time | 334,625 | 328,779 | +1.8% |
| Cost of Revenue | 2,989,216 | 2,600,348 | +15.0% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 553,608 | 503,113 | +10.0% |
| Aviation Segment [Member] | 245,654 | 220,105 | +11.6% |
| Fitness Segment [Member] | 954,415 | 742,480 | +28.5% |
| Marine Segment [Member] | 532,708 | 479,065 | +11.2% |
| Outdoor Segment [Member] | 702,831 | 655,585 | +7.2% |
| Gross Profit | 4,256,303 | 3,696,555 | +15.1% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 111,074 | 107,507 | +3.3% |
| Aviation Segment [Member] | 741,507 | 656,509 | +12.9% |
| Fitness Segment [Member] | 1,402,585 | 1,032,007 | +35.9% |
| Marine Segment [Member] | 649,907 | 594,127 | +9.4% |
| Outdoor Segment [Member] | 1,351,230 | 1,306,405 | +3.4% |
| Research & Development | 1,126,231 | 993,601 | +13.3% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 109,299 | 94,507 | +15.7% |
| Aviation Segment [Member] | 342,282 | 316,371 | +8.2% |
| Fitness Segment [Member] | 216,956 | 182,900 | +18.6% |
| Marine Segment [Member] | 187,610 | 160,615 | +16.8% |
| Outdoor Segment [Member] | 270,084 | 239,208 | +12.9% |
| Selling, General & Administrative | 1,253,996 | 1,108,960 | +13.1% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 50,409 | 51,785 | -2.7% |
| Aviation Segment [Member] | 141,998 | 128,771 | +10.3% |
| Fitness Segment [Member] | 459,748 | 366,435 | +25.5% |
| Marine Segment [Member] | 211,047 | 197,502 | +6.9% |
| Outdoor Segment [Member] | 390,794 | 364,467 | +7.2% |
| Operating Expenses | 2,380,227 | 2,102,561 | +13.2% |
| Operating Income | 1,876,076 | 1,593,994 | +17.7% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | -48,634 | -38,785 | -25.4% |
| Aviation Segment [Member] | 257,227 | 211,367 | +21.7% |
| Fitness Segment [Member] | 725,881 | 482,672 | +50.4% |
| Marine Segment [Member] | 251,250 | 236,010 | +6.5% |
| Outdoor Segment [Member] | 690,352 | 702,730 | -1.8% |
| Interest Income Other | 128,874 | 113,520 | +13.5% |
| Foreign Currency Transaction Gain Loss Before Tax | 7,847 | -20,599 | +138.1% |
| Other Non-Operating Income (Expense) | 1,738 | 8,486 | -79.5% |
| Non-Operating Income (Expense) | 138,459 | 101,407 | +36.5% |
| Income Before Taxes | 2,014,535 | 1,695,401 | +18.8% |
Show Geography breakouts |
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| CH | 1,401,142 | 1,263,683 | +10.9% |
| Non-Switzerland [Member] | 613,393 | 431,718 | +42.1% |
| Current Income Tax Expense Benefit | 268,102 | 373,608 | -28.2% |
| Deferred Income Taxes | 82,546 | -89,643 | +192.1% |
| Income Tax Expense (Benefit) | 350,648 | 283,965 | +23.5% |
| Net Income | 1,663,887 | 1,411,436 | +17.9% |
Show Equity Components breakouts |
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| Retained Earnings | 1,663,887 | 1,411,436 | +17.9% |
| EPS (Basic) | 8.65 | 7.35 | +17.7% |
| EPS (Diluted) | 8.59 | 7.3 | +17.7% |
| Comprehensive Income | 1,831,770 | 1,329,812 | +37.7% |
| Wtd Avg Shares (Basic) | 192,467 | 192,060 | +0.2% |
| Wtd Avg Shares (Diluted) | 193,616 | 193,281 | +0.2% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 2,278,646 | 2,079,468 | +9.6% |
| Available For Sale Securities Debt Securities Current | 459,202 | 421,270 | +9.0% |
| Accounts Receivable | 1,253,015 | 983,404 | +27.4% |
| Inventory | 1,772,257 | 1,473,978 | +20.2% |
| Deferred Costs Current | 17,538 | 24,040 | -27.0% |
| Prepaid Expenses & Other Current Assets | 467,558 | 353,993 | +32.1% |
| Total Current Assets | 6,248,216 | 5,336,153 | +17.1% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 1,375,348 | 1,236,884 | +11.2% |
Show Geography breakouts |
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| Americas | 799,235 | 756,633 | +5.6% |
| Asia Pacific | 401,377 | 342,968 | +17.0% |
| EMEA | 174,736 | 137,283 | +27.3% |
| Operating Lease Right-of-Use Assets | 196,183 | 164,656 | +19.1% |
| Available For Sale Securities Debt Securities Noncurrent | 1,396,929 | 1,198,331 | +16.6% |
| Deferred Tax Assets | 718,094 | 822,521 | -12.7% |
| Goodwill | 760,241 | 603,947 | +25.9% |
Show Business Segments breakouts |
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| Aviation Segment [Member] | 60,347 | 60,347 | 0.0% |
| Fitness Segment [Member] | 382,415 | 238,963 | +60.0% |
| Marine Segment [Member] | 134,526 | 127,640 | +5.4% |
| Outdoor Segment [Member] | 182,953 | 176,997 | +3.4% |
| Other Non-Current Assets | 95,923 | 106,974 | -10.3% |
| Total Assets | 10,993,669 | 9,630,527 | +14.2% |
| Other Assets | |||
| Deferred Costs | 4,373 | 6,898 | -36.6% |
| Other Intangible Assets Net | 198,362 | 154,163 | +28.7% |
| Current Liabilities | |||
| Accounts Payable | 347,493 | 359,365 | -3.3% |
| Employee Related Liabilities Current | 228,267 | 210,879 | +8.2% |
| Product Warranty Accrual Classified Current | 72,921 | 62,473 | +16.7% |
| Accrued Marketing Costs Current | 153,193 | 108,492 | +41.2% |
| Other Accrued Liabilities Current | 257,651 | 216,721 | +18.9% |
| Deferred Revenue (Current) | 105,646 | 110,997 | -4.8% |
| Accrued Income Taxes Current | 381,549 | 294,582 | +29.5% |
| Dividends Payable Current | 173,351 | 144,349 | +20.1% |
| Total Current Liabilities | 1,720,071 | 1,507,858 | +14.1% |
| Non-Current Liabilities | |||
| Deferred Tax Liabilities | 109,701 | 103,274 | +6.2% |
| Accrued Income Taxes Noncurrent | 3,596 | 7,014 | -48.7% |
| Contract With Customer Liability Noncurrent | 22,277 | 28,321 | -21.3% |
| Operating Lease Liabilities | 164,835 | 134,886 | +22.2% |
| Other Non-Current Liabilities | 625 | 776 | -19.5% |
| Stockholders' Equity | |||
| Common Stock | 19,490 | 19,490 | 0.0% |
| Additional Paid In Capital Common Stock | 2,368,670 | 2,247,484 | +5.4% |
| Treasury Stock Value | -406,423 | -270,521 | -50.2% |
| Retained Earnings | 6,970,182 | 5,999,183 | +16.2% |
| Accumulated Other Comprehensive Income | 20,645 | -147,238 | +114.0% |
| Total Stockholders' Equity | 8,972,564 | 7,848,398 | +14.3% |
Show Equity Components breakouts |
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| Accumulated Net Unrealized Investment Gain Loss | 1,542 | -30,372 | +105.1% |
| Accumulated Other Comprehensive Income | 20,645 | -147,238 | +114.0% |
| Accumulated Translation Adjustment | 19,103 | -116,866 | +116.3% |
| Additional Paid In Capital | 2,368,670 | 2,247,484 | +5.4% |
| Common Stock | 19,490 | 19,490 | 0.0% |
| Retained Earnings | 6,970,182 | 5,999,183 | +16.2% |
| Treasury Stock Common | -406,423 | -270,521 | -50.2% |
| Total Liabilities & Equity | 10,993,669 | 9,630,527 | +14.2% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 1,663,887 | 1,411,436 | +17.9% |
| Depreciation | 152,611 | 140,494 | +8.6% |
| Adjustment For Amortization | 36,148 | 39,241 | -7.9% |
| Gain Loss On Sale Of Property Plant Equipment | 881 | -4,903 | +118.0% |
| Foreign Currency Transaction Gain Loss Unrealized | -36,170 | 26,889 | -234.5% |
| Deferred Income Taxes And Tax Credits | 82,546 | -88,137 | +193.7% |
| Stock-Based Compensation | 166,003 | 137,162 | +21.0% |
| Gain Loss On Sale Of Investments | 899 | 8 | +11137.5% |
| Change in Accounts Receivable | -222,809 | -196,256 | -13.5% |
| Change in Inventory | -218,063 | -178,815 | -21.9% |
| Increase Decrease In Other Operating Assets | 1,921 | -42,130 | +104.6% |
| Change in Accounts Payable | -30,518 | 120,637 | -125.3% |
| Increase Decrease In Other Operating Liabilities | 85,206 | 24,546 | +247.1% |
| Change in Deferred Revenue | -11,843 | 2,223 | -632.7% |
| Increase Decrease In Deferred Charges | 9,092 | -3,615 | +351.5% |
| Increase Decrease In Income Taxes | -46,432 | 43,691 | -206.3% |
| Net Cash from Operations | 1,633,359 | 1,432,471 | +14.0% |
| Investing Activities | |||
| Capital Expenditures | -270,446 | -193,571 | -39.7% |
| Purchases of Investments | -839,852 | -507,518 | -65.5% |
| Proceeds From Sale And Maturity Of Available For Sale Securities | 640,396 | 309,166 | +107.1% |
| Cash From Payments For Acquisitions | -175,655 | -16,444 | -968.2% |
| Other Investing Activities Net | 322 | 15,034 | -97.9% |
| Net Cash from Investing | -645,235 | -393,333 | -64.0% |
| Increase Decrease In Accrued Capital Expenditures Related To Purchases Of Property And Equipment | -1,687 | -2,900 | +41.8% |
| Change In Marketable Securities Related To Unrealized Appreciation Depreciation | 42,598 | 31,308 | +36.1% |
| Fair Value Of Assets Acquired | 214,217 | 27,896 | +667.9% |
| Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1 | -32,656 | -5,442 | -500.1% |
| Cash Acquired From Acquisition | -5,906 | -6,010 | +1.7% |
| Cash Paid For Acquisitions Net Of Cash Acquired | 175,655 | 16,444 | +968.2% |
| Financing Activities | |||
| Payments Of Dividends | -663,885 | -572,355 | -16.0% |
| Proceeds From Sale Of Treasury Stock | 58,009 | 49,963 | +16.1% |
| Payments For Repurchase Of Treasury Stock Related To Equity Awards | -57,194 | -42,117 | -35.8% |
| Payment For Purchase Of Treasury Stock Under Share Repurchase Plan | -181,011 | -62,348 | -190.3% |
| Net Cash from Financing | -844,081 | -626,857 | -34.7% |
| Supplemental | |||
| Income Taxes Paid | 317,005 | 319,404 | -0.8% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | 55,163 | -26,283 | +309.9% |
| Net Change in Cash | 199,206 | 385,998 | -48.4% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 2,279,360 | 2,080,154 | +9.6% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.