GARMIN LTD
GRMNAPI behind this page
GRMN Q2 2025 request
Playground key active
/api/financials?ticker=GRMN&year=2025&quarter=2
Pick an endpoint and run the request.Income Statement
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Revenue | 1,814,564 | 1,506,671 | +20.4% |
Show Business Segments breakouts |
|||
| Auto OEM Segment [Member] | 170,154 | 147,189 | +15.6% |
| Aviation Segment [Member] | 249,366 | 218,253 | +14.3% |
| Fitness Segment [Member] | 605,425 | 428,404 | +41.3% |
| Marine Segment [Member] | 299,262 | 272,953 | +9.6% |
| Outdoor Segment [Member] | 490,357 | 439,872 | +11.5% |
Show Geography breakouts |
|||
| Americas | 878,014 | 740,577 | +18.6% |
| Asia Pacific | 259,148 | 224,078 | +15.7% |
| EMEA | 677,402 | 542,016 | +25.0% |
Show Timing Of Transfer Of Good Or Service breakouts |
|||
| Transferred At Point In Time | 1,731,996 | 1,428,175 | +21.3% |
| Transferred Over Time | 82,568 | 78,496 | +5.2% |
| Cost of Revenue | 747,552 | 643,780 | +16.1% |
Show Business Segments breakouts |
|||
| Auto OEM Segment [Member] | 142,051 | 122,913 | +15.6% |
| Aviation Segment [Member] | 63,894 | 56,887 | +12.3% |
| Fitness Segment [Member] | 240,755 | 183,156 | +31.4% |
| Marine Segment [Member] | 134,924 | 125,166 | +7.8% |
| Outdoor Segment [Member] | 165,928 | 155,658 | +6.6% |
| Gross Profit | 1,067,012 | 862,891 | +23.7% |
Show Business Segments breakouts |
|||
| Auto OEM Segment [Member] | 28,103 | 24,276 | +15.8% |
| Aviation Segment [Member] | 185,472 | 161,366 | +14.9% |
| Fitness Segment [Member] | 364,670 | 245,248 | +48.7% |
| Marine Segment [Member] | 164,338 | 147,787 | +11.2% |
| Outdoor Segment [Member] | 324,429 | 284,214 | +14.1% |
| Research & Development | 276,663 | 243,151 | +13.8% |
Show Business Segments breakouts |
|||
| Auto OEM Segment [Member] | 24,924 | 21,979 | +13.4% |
| Aviation Segment [Member] | 85,126 | 77,894 | +9.3% |
| Fitness Segment [Member] | 52,696 | 45,024 | +17.0% |
| Marine Segment [Member] | 46,920 | 39,362 | +19.2% |
| Outdoor Segment [Member] | 66,997 | 58,892 | +13.8% |
| Selling, General & Administrative | 318,054 | 277,713 | +14.5% |
Show Business Segments breakouts |
|||
| Auto OEM Segment [Member] | 12,699 | 13,849 | -8.3% |
| Aviation Segment [Member] | 36,963 | 32,987 | +12.1% |
| Fitness Segment [Member] | 114,344 | 92,614 | +23.5% |
| Marine Segment [Member] | 54,497 | 48,533 | +12.3% |
| Outdoor Segment [Member] | 99,551 | 89,730 | +10.9% |
| Operating Expenses | 594,717 | 520,864 | +14.2% |
| Operating Income | 472,295 | 342,027 | +38.1% |
Show Business Segments breakouts |
|||
| Auto OEM Segment [Member] | -9,520 | -11,552 | +17.6% |
| Aviation Segment [Member] | 63,383 | 50,485 | +25.5% |
| Fitness Segment [Member] | 197,630 | 107,610 | +83.7% |
| Marine Segment [Member] | 62,921 | 59,892 | +5.1% |
| Outdoor Segment [Member] | 157,881 | 135,592 | +16.4% |
| Interest Income Other | 31,724 | 29,286 | +8.3% |
| Foreign Currency Transaction Gain Loss Before Tax | -23,512 | -4,828 | -387.0% |
| Other Non-Operating Income (Expense) | -256 | -513 | +50.1% |
| Non-Operating Income (Expense) | 7,956 | 23,945 | -66.8% |
| Income Before Taxes | 480,251 | 365,972 | +31.2% |
| Income Tax Expense (Benefit) | 79,429 | 65,342 | +21.6% |
| Net Income | 400,822 | 300,630 | +33.3% |
Show Equity Components breakouts |
|||
| Retained Earnings | 400,822 | 300,630 | +33.3% |
| EPS (Basic) | 2.08 | 1.57 | +32.5% |
| EPS (Diluted) | 2.07 | 1.56 | +32.7% |
| Wtd Avg Shares (Basic) | 192,523 | 192,074 | +0.2% |
| Wtd Avg Shares (Diluted) | 193,416 | 192,899 | +0.3% |
| Comprehensive Income | 631,906 | 284,692 | +122.0% |
Balance Sheet
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 2,072,208 | 1,937,483 | +7.0% |
| Available For Sale Securities Debt Securities Current | 515,038 | 288,659 | +78.4% |
| Accounts Receivable | 1,010,578 | 808,446 | +25.0% |
| Inventory | 1,788,020 | 1,319,643 | +35.5% |
| Deferred Costs Current | 18,518 | 20,946 | -11.6% |
| Prepaid Expenses & Other Current Assets | 415,069 | 322,041 | +28.9% |
| Total Current Assets | 5,819,431 | 4,697,218 | +23.9% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 1,290,714 | 1,206,020 | +7.0% |
| Operating Lease Right-of-Use Assets | 179,299 | 130,302 | +37.6% |
| Available For Sale Securities Debt Securities Noncurrent | 1,285,887 | 1,192,190 | +7.9% |
| Deferred Tax Assets | 852,551 | 777,019 | +9.7% |
| Goodwill | 640,554 | 599,606 | +6.8% |
| Other Non-Current Assets | 103,133 | 103,654 | -0.5% |
| Total Assets | 10,324,076 | 8,883,322 | +16.2% |
| Other Assets | |||
| Deferred Costs | 5,222 | 8,921 | -41.5% |
| Other Intangible Assets Net | 147,285 | 168,392 | -12.5% |
| Current Liabilities | |||
| Accounts Payable | 397,303 | 331,938 | +19.7% |
| Employee Related Liabilities Current | 193,598 | 172,284 | +12.4% |
| Product Warranty Accrual Classified Current | 71,197 | 58,253 | +22.2% |
| Accrued Marketing Costs Current | 104,310 | 90,191 | +15.7% |
| Other Accrued Liabilities Current | 254,359 | 196,381 | +29.5% |
| Deferred Revenue (Current) | 108,444 | 105,999 | +2.3% |
| Accrued Income Taxes Current | 282,988 | 236,708 | +19.6% |
| Dividends Payable Current | 519,863 | 432,569 | +20.2% |
| Total Current Liabilities | 1,932,062 | 1,624,323 | +18.9% |
| Non-Current Liabilities | |||
| Deferred Tax Liabilities | 89,194 | 102,951 | -13.4% |
| Accrued Income Taxes Noncurrent | 3,704 | 16,480 | -77.5% |
| Contract With Customer Liability Noncurrent | 24,553 | 31,848 | -22.9% |
| Operating Lease Liabilities | 148,608 | 102,167 | +45.5% |
| Other Non-Current Liabilities | 844 | 571 | +47.8% |
| Stockholders' Equity | |||
| Common Stock | 19,490 | 19,490 | 0.0% |
| Additional Paid In Capital Common Stock | 2,317,294 | 2,183,158 | +6.1% |
| Treasury Stock Value | -356,358 | -223,899 | -59.2% |
| Retained Earnings | 6,039,512 | 5,164,227 | +16.9% |
| Accumulated Other Comprehensive Income | 105,173 | -137,994 | +176.2% |
| Total Stockholders' Equity | 8,125,111 | 7,004,982 | +16.0% |
Show Equity Components breakouts |
|||
| Accumulated Net Unrealized Investment Gain Loss | -10,486 | -47,111 | +77.7% |
| Accumulated Other Comprehensive Income | 105,173 | -137,994 | +176.2% |
| Accumulated Translation Adjustment | 115,659 | -90,883 | +227.3% |
| Additional Paid In Capital | 2,317,294 | 2,183,158 | +6.1% |
| Common Stock | 19,490 | 19,490 | 0.0% |
| Retained Earnings | 6,039,512 | 5,164,227 | +16.9% |
| Treasury Stock Common | -356,358 | -223,899 | -59.2% |
| Total Liabilities & Equity | 10,324,076 | 8,883,322 | +16.2% |
Cash Flow Statement
| Metric | YTD Q2 2025 | YTD Q2 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 733,591 | 576,591 | +27.2% |
| Depreciation | 75,980 | 67,890 | +11.9% |
| Adjustment For Amortization | 17,423 | 21,047 | -17.2% |
| Gain Loss On Sale Of Property Plant Equipment | 350 | 128 | +173.4% |
| Foreign Currency Transaction Gain Loss Unrealized | -16,566 | 3,165 | -623.4% |
| Deferred Income Taxes And Tax Credits | -49,754 | -35,778 | -39.1% |
| Stock-Based Compensation | 82,279 | 65,983 | +24.7% |
| Gain Loss On Sale Of Investments | 706 | 29 | +2334.5% |
| Change in Accounts Receivable | 17,902 | -8,600 | +308.2% |
| Change in Inventory | -206,276 | -11,368 | -1714.5% |
| Increase Decrease In Other Operating Assets | -37,092 | -39,759 | +6.7% |
| Change in Accounts Payable | -2,591 | 92,065 | -102.8% |
| Increase Decrease In Other Operating Liabilities | 2,408 | -62,099 | +103.9% |
| Change in Deferred Revenue | -6,843 | 667 | -1125.9% |
| Increase Decrease In Deferred Charges | 7,262 | -2,516 | +388.6% |
| Increase Decrease In Income Taxes | -24,820 | 23,181 | -207.1% |
| Net Cash from Operations | 593,959 | 690,626 | -14.0% |
| Investing Activities | |||
| Capital Expenditures | -85,738 | -70,325 | -21.9% |
| Purchases of Investments | -465,372 | -281,297 | -65.4% |
| Proceeds From Sale And Maturity Of Available For Sale Securities | 306,469 | 203,775 | +50.4% |
| Cash From Payments For Acquisitions | -1,973 | 5,011 | -139.4% |
| Other Investing Activities Net | 503 | -321 | +256.7% |
| Net Cash from Investing | -246,111 | -143,157 | -71.9% |
| Financing Activities | |||
| Payments Of Dividends | -317,748 | -284,246 | -11.8% |
| Proceeds From Sale Of Treasury Stock | 29,065 | 24,530 | +18.5% |
| Payments For Repurchase Of Treasury Stock Related To Equity Awards | -33,431 | -16,264 | -105.6% |
| Payment For Purchase Of Treasury Stock Under Share Repurchase Plan | -93,632 | -9,713 | -864.0% |
| Net Cash from Financing | -415,746 | -285,693 | -45.5% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | 60,650 | -17,761 | +441.5% |
| Net Change in Cash | -7,248 | 244,015 | -103.0% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 2,072,906 | 1,938,171 | +7.0% |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.