GarminGRMNEarnings & Financial Report
Garmin Ltd. is an American multinational technology company based in Olathe, Kansas. The company designs, develops, manufactures, markets, and distributes GPS-enabled products and other navigation, communication, sensor-based, and information products to the automotive, aviation, marine, outdoors, and sport markets.
GRMN Q4 2025 Key Financial Metrics
Revenue
$2.1B
Gross Profit
$1.3B
Operating Profit
$614.2M
Net Profit
$528.7M
Gross Margin
59.2%
Operating Margin
28.9%
Net Margin
24.9%
YoY Growth
16.6%
EPS
$2.72
Financial Flow
Garmin Q4 2025 Financial Summary
Garmin reported revenue of $2.1B for Q4 2025, with a net profit of $528.7M (24.9% margin). Cost of goods sold was $866.7M, operating expenses totaled $644.1M.
Key Financial Metrics
| Total Revenue | $2.1B |
|---|---|
| Net Profit | $528.7M |
| Gross Margin | 59.2% |
| Operating Margin | 28.9% |
| Report Period | Q4 2025 |
Garmin Annual Revenue by Year
Garmin annual revenue history includes year-by-year totals (for example, 2025 revenue was $7.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $7.2B |
| 2024 | $6.3B |
| 2023 | $5.1B |
| 2022 | $4.9B |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.38B | $1.51B | $1.59B | $1.82B | $1.54B | $1.81B | $1.77B | $2.12B |
| YoY Growth | N/A | 31.3% | 20.1% | N/A | 11.1% | 20.4% | 11.7% | 16.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.63B | $8.88B | $9.35B | $9.63B | $9.79B | $10.32B | $10.52B | $10.99B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $7.25B | $7.00B | $7.51B | $7.85B | $8.18B | $8.13B | $8.48B | $8.97B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $435.3M | $255.3M | $258.0M | $483.9M | $420.8M | $173.2M | $485.6M | $553.8M |
Other Consumer Discretionary Companies
ABNB
Airbnb
Revenue
$2.8B
Net Profit
$341.0M
AMZN
Amazon
Revenue
$213.4B
Net Profit
$21.2B
APTV
Aptiv
Revenue
$5.2B
Net Profit
$138.0M
AZO
AutoZone
Revenue
$4.6B
Net Profit
$530.8M
BBY
Best Buy
Revenue
$9.7B
Net Profit
$140.0M
BKNG
Booking Holdings
Revenue
$6.3B
Net Profit
N/A
CZR
Caesars Entertainment
Revenue
$2.9B
Net Profit
$-250.0M
KMX
CarMax
Revenue
$5.8B
Net Profit
$62.2M
CCL
Carnival
Revenue
$6.3B
Net Profit
$421.0M
CMG
Chipotle Mexican Grill
Revenue
$3.0B
Net Profit
$330.9M