GRMN Q4 2020 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q4 2020 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.4B+22.6% YoY

Gross Profit

$791M58.5% margin

Operating Income

$371M27.5% margin

Net Income

$334M24.7% margin

EPS (Diluted)

$1.73

QoQ Revenue Growth

+21.8%

Cash Flow

Operating Cash Flow

$436M

Free Cash Flow

$387M

Stock-Based Comp.

$27M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$1.5B

Stockholders' Equity

$5.5B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.1B	+22.6%
Gross Profit	$791M	$639M	+23.7%
Operating Income	$371M	$277M	+34.3%
Net Income	$334M	$361M	-7.6%

Revenue Segments

Fitness

$471M35%

Outdoor

$412M30%

Marine Segment

$172M13%

Aviation

$157M12%

Automotive Mobile

$140M10%

Geographic Segments

Americas

$596M44%

EMEA

$537M40%

Asia Pacific

$219M16%