GARMIN LTD
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GRMN Q4 2025 request
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/api/financials?ticker=GRMN&year=2025&quarter=4
Pick an endpoint and run the request.Income Statement
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Revenue | 2,124,955 | 1,822,561 | +16.6% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 160,358 | 165,749 | -3.3% |
| Aviation Segment [Member] | 274,235 | 236,875 | +15.8% |
| Fitness Segment [Member] | 765,841 | 539,305 | +42.0% |
| Marine Segment [Member] | 296,911 | 251,259 | +18.2% |
| Outdoor Segment [Member] | 627,610 | 629,373 | -0.3% |
Show Timing Of Transfer Of Good Or Service breakouts |
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| Transferred At Point In Time | 2,039,941 | 1,736,563 | +17.5% |
| Transferred Over Time | 85,014 | 85,998 | -1.1% |
| Cost of Revenue | 866,695 | 742,636 | +16.7% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 132,362 | 138,248 | -4.3% |
| Aviation Segment [Member] | 66,810 | 58,497 | +14.2% |
| Fitness Segment [Member] | 310,917 | 230,673 | +34.8% |
| Marine Segment [Member] | 143,513 | 106,604 | +34.6% |
| Outdoor Segment [Member] | 213,093 | 208,614 | +2.1% |
| Gross Profit | 1,258,260 | 1,079,925 | +16.5% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 27,996 | 27,501 | +1.8% |
| Aviation Segment [Member] | 207,425 | 178,378 | +16.3% |
| Fitness Segment [Member] | 454,924 | 308,632 | +47.4% |
| Marine Segment [Member] | 153,398 | 144,655 | +6.0% |
| Outdoor Segment [Member] | 414,517 | 420,759 | -1.5% |
| Research & Development | 294,984 | 258,753 | +14.0% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 28,827 | 24,499 | +17.7% |
| Aviation Segment [Member] | 87,302 | 81,035 | +7.7% |
| Fitness Segment [Member] | 58,612 | 48,082 | +21.9% |
| Marine Segment [Member] | 48,716 | 42,373 | +15.0% |
| Outdoor Segment [Member] | 71,527 | 62,764 | +14.0% |
| Selling, General & Administrative | 349,122 | 305,091 | +14.4% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | 12,691 | 12,460 | +1.9% |
| Aviation Segment [Member] | 35,404 | 32,875 | +7.7% |
| Fitness Segment [Member] | 139,374 | 101,389 | +37.5% |
| Marine Segment [Member] | 52,613 | 51,694 | +1.8% |
| Outdoor Segment [Member] | 109,040 | 106,673 | +2.2% |
| Operating Expenses | 644,106 | 563,844 | +14.2% |
| Operating Income | 614,154 | 516,081 | +19.0% |
Show Business Segments breakouts |
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| Auto OEM Segment [Member] | -13,522 | -9,458 | -43.0% |
| Aviation Segment [Member] | 84,719 | 64,468 | +31.4% |
| Fitness Segment [Member] | 256,938 | 159,161 | +61.4% |
| Marine Segment [Member] | 52,069 | 50,588 | +2.9% |
| Outdoor Segment [Member] | 233,950 | 251,322 | -6.9% |
| Interest Income Other | 34,558 | 30,377 | +13.8% |
| Foreign Currency Transaction Gain Loss Before Tax | -13,735 | -36,183 | +62.0% |
| Other Non-Operating Income (Expense) | 409 | 5,863 | -93.0% |
| Non-Operating Income (Expense) | 21,232 | 57 | +37149.1% |
| Income Before Taxes | 635,386 | 516,138 | +23.1% |
| Income Tax Expense (Benefit) | 106,705 | 80,405 | +32.7% |
| Net Income | 528,681 | 435,733 | +21.3% |
Show Equity Components breakouts |
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| Retained Earnings | 528,681 | 435,733 | +21.3% |
| EPS (Basic) | 2.75 | 2.27 | +21.1% |
| EPS (Diluted) | 2.72 | 2.24 | +21.4% |
| Comprehensive Income | 499,335 | 339,190 | +47.2% |
| Wtd Avg Shares (Basic) | -43 | 5 | -960.0% |
| Wtd Avg Shares (Diluted) | 65 | 341 | -80.9% |
Balance Sheet
| Metric | Q4 2025 | Q4 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 | YTD Q4 2025 | YTD Q4 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 528,681 | 435,733 | +21.3% |
| Depreciation | 36,978 | 38,151 | -3.1% |
| Adjustment For Amortization | 9,274 | 8,392 | +10.5% |
| Gain Loss On Sale Of Property Plant Equipment | 506 | -4,855 | +110.4% |
| Foreign Currency Transaction Gain Loss Unrealized | 1,436 | 52,375 | -97.3% |
| Deferred Income Taxes And Tax Credits | 63,222 | -34,171 | +285.0% |
| Stock-Based Compensation | 41,000 | 36,123 | +13.5% |
| Gain Loss On Sale Of Investments | 42 | -21 | +300.0% |
| Change in Accounts Receivable | -291,627 | -92,689 | -214.6% |
| Change in Inventory | 106,817 | -14,950 | +814.5% |
| Increase Decrease In Other Operating Assets | 20,387 | 5,283 | +285.9% |
| Change in Accounts Payable | -22,987 | -3,678 | -525.0% |
| Increase Decrease In Other Operating Liabilities | 83,262 | 31,533 | +164.0% |
| Change in Deferred Revenue | -240 | -3,662 | +93.4% |
| Increase Decrease In Deferred Charges | 389 | 372 | +4.6% |
| Increase Decrease In Income Taxes | -23,355 | 29,954 | -178.0% |
| Net Cash from Operations | 553,785 | 483,890 | +14.4% |
| Investing Activities | |||
| Capital Expenditures | -124,173 | -84,702 | -46.6% |
| Purchases of Investments | -115,761 | -143,735 | +19.5% |
| Proceeds From Sale And Maturity Of Available For Sale Securities | 108,592 | 31,832 | +241.1% |
| Cash From Payments For Acquisitions | 0 | -21,455 | +100.0% |
| Other Investing Activities Net | -65 | 15,492 | -100.4% |
| Net Cash from Investing | -131,407 | -202,568 | +35.1% |
| Financing Activities | |||
| Payments Of Dividends | -172,966 | -143,982 | -20.1% |
| Proceeds From Sale Of Treasury Stock | 28,944 | 25,433 | +13.8% |
| Payments For Repurchase Of Treasury Stock Related To Equity Awards | -23,718 | -25,804 | +8.1% |
| Payment For Purchase Of Treasury Stock Under Share Repurchase Plan | -50,862 | -33,070 | -53.8% |
| Net Cash from Financing | -218,602 | -177,423 | -23.2% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | 2,038 | -33,819 | +106.0% |
| Net Change in Cash | 205,814 | 70,080 | +193.7% |
| 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.