GRMN Q4 2021 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q4 2021 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.4B+3.0% YoY

Gross Profit

$772M55.5% margin

Operating Income

$315M22.6% margin

Net Income

$286M20.6% margin

EPS (Diluted)

$1.48

QoQ Revenue Growth

+16.7%

Cash Flow

Operating Cash Flow

$169M

Free Cash Flow

$49M

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$7.9B

Total Liabilities

$1.7B

Stockholders' Equity

$6.1B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.4B	+3.0%
Gross Profit	$772M	$791M	-2.4%
Operating Income	$315M	$371M	-15.1%
Net Income	$286M	$334M	-14.2%

Revenue Segments

Fitness

$470M34%

Outdoor

$378M27%

Marine Segment

$196M14%

Aviation

$178M13%

Automotive Mobile

$169M12%

Geographic Segments

Americas

$626M45%

EMEA

$528M38%

Asia Pacific

$237M17%