GRMN Q1 2021 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q1 2021 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.1B+25.3% YoY

Gross Profit

$642M59.8% margin

Operating Income

$250M23.3% margin

Net Income

$220M20.5% margin

EPS (Diluted)

$1.14

QoQ Revenue Growth

-20.7%

Cash Flow

Operating Cash Flow

$368M

Free Cash Flow

$331M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$1.3B

Stockholders' Equity

$5.7B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$856M	+25.3%
Gross Profit	$642M	$507M	+26.6%
Operating Income	$250M	$177M	+40.7%
Net Income	$220M	$161M	+36.5%

Revenue Segments

Fitness

$308M29%

Outdoor

$256M24%

Marine Segment

$209M20%

Aviation

$174M16%

Automotive Mobile

$124M12%

Geographic Segments

Americas

$504M47%

EMEA

$400M37%

Asia Pacific

$169M16%