GRMN Q4 2023 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q4 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.5B+13.5% YoY

Gross Profit

$864M58.3% margin

Operating Income

$340M23.0% margin

Net Income

$542M36.6% margin

EPS (Diluted)

$2.82

QoQ Revenue Growth

+16.0%

Cash Flow

Operating Cash Flow

$466M

Free Cash Flow

$417M

Stock-Based Comp.

$35M

Balance Sheet

Total Assets

$8.6B

Total Liabilities

$1.6B

Stockholders' Equity

$7.0B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.3B	+13.5%
Gross Profit	$864M	$745M	+16.0%
Operating Income	$340M	$267M	+27.4%
Net Income	$542M	$293M	+84.9%

Revenue Segments

Outdoor

$486M33%

Fitness

$412M28%

Marine Segment

$240M16%

Aviation

$217M15%

Automotive Mobile

$127M9%

Geographic Segments

Americas

$733M49%

EMEA

$523M35%

Asia Pacific

$226M15%