Garmin Ltd. logo

Garmin Ltd. (GRMN) Financials

NYSE NYSE:GRMN

Market Cap

20.38B

Total Revenue

1.15B

Gross Profit

652.79M

Operating Income

196.98M

Net Income

202.33M

Metric2014201520162017201820192020202120222023
2,870,658,0002,820,270,0003,018,665,0003,087,004,0003,347,444,0003,757,505,0004,186,573,0004,982,795,0004,860,286,0001,147,424,000
1,266,246,0001,281,566,0001,339,095,0001,303,840,0001,367,725,0001,523,529,0001,705,237,0002,092,336,0002,053,511,000494,630,000
1,604,412,0001,538,704,0001,679,570,0001,783,164,0001,979,719,0002,233,976,0002,481,336,0002,890,459,0002,806,775,000652,794,000
395,121,000427,043,000467,960,000511,634,000567,805,000605,366,000705,685,000840,024,000834,927,000221,485,000
146,633,000167,166,000177,143,000164,693,000155,394,000164,456,000151,166,000171,829,000168,040,000--
372,032,000394,914,000410,558,000437,977,000478,177,000518,568,000570,245,000659,986,000775,963,000--
518,665,000562,080,000587,701,000602,670,000633,571,000683,024,000721,411,000831,815,000944,003,000203,980,000
913,786,000989,123,0001,055,661,0001,114,304,0001,201,376,0001,288,390,0001,427,096,0001,671,839,0001,778,930,000455,812,000
690,626,000549,581,000623,909,000668,860,000778,343,000945,586,0001,054,240,0001,218,620,0001,027,845,000196,982,000
-2,465,000-12,047,000-27,645,000-23,491,000-2,243,00041,636,00049,170,000-11,824,00037,129,00024,790,000
771,940,000651,406,000741,900,000777,691,000882,153,0001,068,560,0001,178,130,0001,418,701,0001,202,972,000196,982,000
77,015,00078,360,00086,340,00086,252,00096,194,000122,974,000123,890,000200,081,000175,127,000--
35,584,00029,653,00033,406,00036,925,00047,147,00052,817,00037,002,00028,573,00040,826,00015,899,000
35,584,00029,653,00033,406,00036,925,000--------40,826,000--
723,745,000567,187,000629,670,000682,294,000823,247,000987,222,0001,103,410,0001,206,796,0001,064,974,000221,772,000
359,534,000110,960,000118,856,000-12,661,000129,167,00034,736,000111,086,000124,596,00091,389,00019,445,000
364,211,000456,227,000510,814,000694,955,000694,080,000952,486,000992,324,0001,082,200,000973,585,000202,327,000
1.892.392.713.73.685.015.195.635.061.06
1.882.392.73.683.664.995.175.615.041.05
193,106,000190,631,000188,818,000187,828,000188,635,000189,931,000191,085,000192,180,000192,544,000191,498,000
194,165,000191,107,000189,343,000188,732,000189,734,000190,899,000191,895,000193,043,000193,042,000191,886,000
2,180,032,0002,270,689,0002,394,756,0002,418,144,0002,569,101,0002,811,919,0003,132,333,0003,764,175,0003,832,441,000950,442,000
1,834,00011,418,0004,006,000-912,0005,373,0005,618,0009,343,0004,866,0007,577,00030,347,000

Key Facts

Industry

Scientific & Technical Instruments

Sector

Technology

Headquarters

Schaffhausen, , CH

Website

garmin.com

CEO

Mr. Clifton Albert Pemble

Employees

19700

About the Company

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.