GRMN FY 2023 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

FY 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$5.2B+7.6% YoY

Gross Profit

$3.0B57.5% margin

Operating Income

$1.1B20.9% margin

Net Income

$1.3B24.7% margin

EPS (Diluted)

$6.71

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

$1.2B

Stock-Based Comp.

$101M

Balance Sheet

Total Assets

$8.6B

Total Liabilities

$1.6B

Stockholders' Equity

$7.0B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.2B	$4.9B	+7.6%
Gross Profit	$3.0B	$2.8B	+7.1%
Operating Income	$1.1B	$1.0B	+6.3%
Net Income	$1.3B	$974M	+32.5%