Garmin Historical Income Statement

GRMN Stock  USD 147.98  0.58  0.39%   
Historical analysis of Garmin income statement accounts such as Total Revenue of 2.8 B or Gross Profit of 1.5 B can show how well Garmin performed in making a profits. Evaluating Garmin income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Garmin's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Garmin latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Garmin is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.

About Garmin Income Statement Analysis

Garmin Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Garmin shareholders. The income statement also shows Garmin investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Garmin Income Statement Chart

Garmin Income Statement is one of the three primary financial statements used for reporting Garmin's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Garmin revenue and expense. Garmin Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Garmin's Depreciation And Amortization is very stable compared to the past year. As of the 28th of March 2024, Research Development is likely to grow to about 949.9 M, while Interest Expense is likely to drop about 36 M.

Total Revenue

Total revenue comprises all receipts Garmin generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Garmin minus its cost of goods sold. It is profit before Garmin operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Garmin. It is also known as Garmin overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Garmin operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Garmin is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from Garmin's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Garmin current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.At this time, Garmin's Depreciation And Amortization is very stable compared to the past year. As of the 28th of March 2024, Research Development is likely to grow to about 949.9 M, while Interest Expense is likely to drop about 36 M.
 2021 2022 2023 2024 (projected)
Interest Expense57.1M40.8M46.9M36.0M
Depreciation And Amortization200.1M175.1M177.6M186.5M

Garmin income statement Correlations

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0.840.840.991.00.970.970.840.980.990.840.970.330.77-0.030.80.370.680.0-0.250.660.440.76
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0.850.840.970.980.951.00.841.00.940.831.00.380.80.020.780.350.720.0-0.210.650.390.75
0.840.840.970.980.951.00.841.00.930.830.990.340.780.040.780.380.7-0.05-0.20.650.370.73
0.950.720.840.840.820.840.840.840.810.990.840.440.96-0.290.980.530.72-0.04-0.550.770.540.86
0.850.840.980.980.961.01.00.840.950.830.990.340.790.020.780.380.71-0.05-0.20.640.370.75
0.850.840.990.960.990.940.930.810.950.830.940.30.76-0.040.80.320.610.0-0.240.590.410.73
0.950.720.840.830.830.830.830.990.830.830.830.430.95-0.290.990.520.67-0.03-0.570.750.550.85
0.840.830.970.980.961.00.990.840.990.940.830.440.81-0.010.790.30.730.08-0.250.680.450.75
0.390.150.330.350.310.380.340.440.340.30.430.440.55-0.30.47-0.210.540.74-0.310.390.460.5
0.930.650.770.770.760.80.780.960.790.760.950.810.55-0.470.950.410.780.07-0.650.780.610.84
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0.950.660.80.790.80.780.780.980.780.80.990.790.470.95-0.340.490.680.01-0.620.740.590.87
0.460.120.370.40.370.350.380.530.380.320.520.3-0.210.41-0.220.490.41-0.64-0.40.590.350.49
0.710.420.680.720.660.720.70.720.710.610.670.730.540.78-0.510.680.410.06-0.480.780.630.87
-0.120.00.00.00.00.0-0.05-0.04-0.050.0-0.030.080.740.07-0.090.01-0.640.06-0.050.090.32-0.03
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0.640.420.660.690.650.650.650.770.640.590.750.680.390.78-0.470.740.590.780.09-0.660.840.69
0.440.170.440.450.450.390.370.540.370.410.550.450.460.61-0.540.590.350.630.32-0.750.840.57
0.880.530.760.760.750.750.730.860.750.730.850.750.50.84-0.360.870.490.87-0.03-0.50.690.57
Click cells to compare fundamentals

Garmin Account Relationship Matchups

Garmin income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization123.0M123.9M200.1M175.1M177.6M186.5M
Interest Expense24.8M52.0M57.1M40.8M46.9M36.0M
Total Revenue3.8B4.2B5.0B4.9B5.2B2.8B
Gross Profit2.2B2.5B2.9B2.8B3.0B1.5B
Other Operating Expenses2.8B3.1B3.8B3.8B4.1B2.1B
Operating Income945.6M1.1B1.2B1.0B1.1B681.3M
Ebit945.6M1.1B1.2B1.0B1.1B682.4M
Research Development605.4M705.7M840.0M834.9M904.7M949.9M
Ebitda1.1B1.2B1.4B1.2B1.2B770.5M
Cost Of Revenue1.5B1.7B2.1B2.1B2.2B1.3B
Total Operating Expenses1.3B1.4B1.7B1.8B1.9B2.0B
Income Before Tax987.2M1.1B1.2B1.1B1.2B710.1M
Total Other Income Expense Net41.6M49.2M(11.8M)37.1M30.9M32.4M
Net Income952.5M992.3M1.1B973.6M1.3B1.4B
Income Tax Expense34.7M111.1M124.6M91.4M(89.3M)(84.8M)
Selling General Administrative518.6M570.2M660.0M776.0M835.0M876.7M
Net Income Applicable To Common Shares952.5M992.3M1.1B973.6M1.1B614.3M
Selling And Marketing Expenses164.5M151.2M171.8M168.0M173.1M171.3M
Net Income From Continuing Ops952.5M992.3M1.1B973.6M1.3B804.8M
Non Operating Income Net Other41.6M49.2M(11.8M)37.1M42.7M25.6M
Tax Provision34.7M111.1M124.6M91.4M(89.3M)(84.8M)
Interest Income52.8M37.0M28.6M40.8M77.3M44.0M
Net Interest Income52.8M37.0M28.6M40.8M77.3M48.7M
Reconciled Depreciation106.2M126.7M154.8M163.9M177.6M143.2M

Garmin Investors Sentiment

The influence of Garmin's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Garmin. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Garmin's public news can be used to forecast risks associated with an investment in Garmin. The trend in average sentiment can be used to explain how an investor holding Garmin can time the market purely based on public headlines and social activities around Garmin. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Garmin's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Garmin's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Garmin's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Garmin.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Garmin in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Garmin's short interest history, or implied volatility extrapolated from Garmin options trading.

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When determining whether Garmin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Garmin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Garmin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Garmin Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Garmin's price analysis, check to measure Garmin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Garmin is operating at the current time. Most of Garmin's value examination focuses on studying past and present price action to predict the probability of Garmin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garmin's price. Additionally, you may evaluate how the addition of Garmin to your portfolios can decrease your overall portfolio volatility.
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Is Garmin's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Garmin. If investors know Garmin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Garmin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.846
Dividend Share
2.92
Earnings Share
6.71
Revenue Per Share
27.316
Quarterly Revenue Growth
0.135
The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Garmin's market value can be influenced by many factors that don't directly affect Garmin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garmin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.