GRMN Q4 2024 Earnings — Garmin Ltd. Revenue & Financial Results | Market Cap Arena

GRMNGarmin Ltd.

$46B

Q4 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$1.8B+22.9% YoY

Gross Profit

$1.1B59.3% margin

Operating Income

$516M28.3% margin

Net Income

$436M23.9% margin

EPS (Diluted)

$2.25

QoQ Revenue Growth

+14.9%

Cash Flow

Operating Cash Flow

$484M

Free Cash Flow

$399M

Stock-Based Comp.

$36M

Balance Sheet

Total Assets

$9.6B

Total Liabilities

$1.8B

Stockholders' Equity

$7.8B

Cash & Equivalents

$2.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$1.5B	+22.9%
Gross Profit	$1.1B	$864M	+25.0%
Operating Income	$516M	$340M	+51.6%
Net Income	$436M	$542M	-19.6%

Revenue Segments

Outdoor

$629M35%

Fitness

$539M30%

Marine Segment

$251M14%

Aviation

$237M13%

Automotive Mobile

$166M9%

Geographic Segments

Americas

$855M47%

EMEA

$701M38%

Asia Pacific

$266M15%