GRMN Q3 2021 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$45B

Q3 2021 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.2B+7.5% YoY

Gross Profit

$696M58.4% margin

Operating Income

$283M23.7% margin

Net Income

$259M21.7% margin

EPS (Diluted)

$1.34

QoQ Revenue Growth

-10.2%

Cash Flow

Operating Cash Flow

$245M

Free Cash Flow

$204M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$7.6B

Total Liabilities

$1.7B

Stockholders' Equity

$5.9B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.1B	+7.5%
Gross Profit	$696M	$668M	+4.2%
Operating Income	$283M	$317M	-10.9%
Net Income	$259M	$313M	-17.4%

Revenue Segments

Fitness

$342M29%

Outdoor

$324M27%

Marine Segment

$208M17%

Aviation

$180M15%

Automotive Mobile

$138M12%

Geographic Segments

Americas

$573M48%

EMEA

$443M37%

Asia Pacific

$176M15%