Garmin financials
$290.23−1.30%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 27 | FY24 Dec 28 | FY23 Dec 30 | FY22 Dec 31 | FY21 Dec 25 | FY20 Dec 26 | FY19 Dec 28 | FY18 Dec 29 | FY17 Dec 30 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.25B | $6.30B | $5.23B | $4.86B | $4.98B | $4.19B | $3.76B | $3.35B | $3.12B | $3.05B |
| Gross profit | $4.26B | $3.70B | $3.00B | $2.81B | $2.89B | $2.48B | $2.23B | $1.98B | $1.80B | $1.69B |
| Gross margin | 58.7% | 58.7% | 57.5% | 57.7% | 58.0% | 59.3% | 59.5% | 59.1% | 57.6% | 55.4% |
| Operating income | $1.88B | $1.59B | $1.09B | $1.03B | $1.22B | $1.05B | $945.6M | $778.3M | $683.6M | $632.9M |
| Net income | $1.66B | $1.41B | $1.29B | $973.6M | $1.08B | $992.3M | $952.5M | $694.1M | $709.0M | $517.7M |
| Net margin | 23.0% | 22.4% | 24.7% | 20.0% | 21.7% | 23.7% | 25.3% | 20.7% | 22.7% | 17.0% |
| Diluted EPS | $8.59 | $7.30 | $6.71 | $5.04 | $5.61 | $5.17 | $4.99 | $3.66 | $3.76 | $2.73 |
| EBITDA | $2.06B | $1.77B | $1.27B | $1.19B | $1.37B | $1.18B | $1.05B | $874.5M | $769.9M | $719.2M |
| Operating cash flow | $1.63B | $1.43B | $1.38B | $788.3M | — | $1.14B | $698.5M | $919.5M | $660.8M | $705.7M |
| Free cash flow | $1.36B | $1.24B | $1.18B | $544.0M | — | $949.9M | $580.5M | $763.8M | $521.1M | $614.7M |
| Diluted shares | 193.6M | 193.3M | 192.1M | 193.0M | 193.0M | 191.9M | 190.9M | 189.7M | 188.7M | 189.3M |
Balance sheet
| Period end | Dec 27 | Dec 28 | Dec 30 | Dec 31 | Dec 25 | Dec 26 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.28B | $2.08B | $1.69B | $1.28B | $1.50B | $1.46B |
| Short-term investments | $459.2M | $421.3M | $274.6M | $173.3M | $348.0M | $387.6M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $10.99B | $9.63B | $8.60B | $7.73B | $7.85B | $7.03B |
| Total liabilities | $2.02B | $1.78B | $1.59B | $1.53B | $1.74B | $1.52B |
| Shareholders' equity | $8.97B | $7.85B | $7.01B | $6.20B | $6.11B | $5.52B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology