GRMN Q4 2022 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q4 2022 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.3B-6.1% YoY

Gross Profit

$745M57.0% margin

Operating Income

$267M20.5% margin

Net Income

$293M22.4% margin

EPS (Diluted)

$1.53

QoQ Revenue Growth

+14.5%

Cash Flow

Operating Cash Flow

$369M

Free Cash Flow

$309M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$7.7B

Total Liabilities

$1.5B

Stockholders' Equity

$6.2B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.4B	-6.1%
Gross Profit	$745M	$772M	-3.5%
Operating Income	$267M	$315M	-15.2%
Net Income	$293M	$286M	+2.5%

Revenue Segments

Outdoor

$388M30%

Fitness

$337M26%

Aviation

$225M17%

Marine Segment

$211M16%

Automotive Mobile

$146M11%

Geographic Segments

Americas

$649M50%

EMEA

$441M34%

Asia Pacific

$217M17%