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GRMN Q3 2024 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena
GRMN
Garmin Ltd.
$46B
Q3 2024 Earnings
Technology
Hardware, Equipment & Parts
Income Statement
Revenue
$1.6B
+24.1% YoY
Gross Profit
$952M
60.0% margin
Operating Income
$437M
27.6% margin
Net Income
$399M
25.2% 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
$527M
33%
Fitness
$464M
29%
Marine Segment
$222M
14%
Aviation
$205M
13%
Automotive Mobile
$169M
11%
Geographic Segments
Americas
$725M
46%
EMEA
$613M
39%
Asia Pacific
$249M
16%
← FY 2024
All Quarters
Q4 2024 →