GRMN Q3 2024 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q3 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.6B+24.1% YoY

Gross Profit

$952M60.0% margin

Operating Income

$437M27.6% margin

Net Income

$399M25.2% margin

EPS (Diluted)

$2.07

QoQ Revenue Growth

+5.3%

Cash Flow

Operating Cash Flow

$258M

Free Cash Flow

$219M

Stock-Based Comp.

$35M

Balance Sheet

Total Assets

$9.3B

Total Liabilities

$1.8B

Stockholders' Equity

$7.5B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.3B	+24.1%
Gross Profit	$952M	$729M	+30.6%
Operating Income	$437M	$270M	+61.8%
Net Income	$399M	$257M	+55.1%

Revenue Segments

Outdoor

$527M33%

Fitness

$464M29%

Marine Segment

$222M14%

Aviation

$205M13%

Automotive Mobile

$169M11%

Geographic Segments

Americas

$725M46%

EMEA

$613M39%

Asia Pacific

$249M16%