Garmin Income Statement Research
GRMN Stock | USD 142.19 0.55 0.39% |
Garmin |
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 Garmin Valuation and Garmin Correlation analysis. 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 17th of April 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 Expense | 57.1M | 40.8M | 46.9M | 36.0M | Depreciation And Amortization | 200.1M | 175.1M | 177.6M | 186.5M |
Garmin income statement Correlations
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Garmin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Garmin income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 24.8M | 52.0M | 57.1M | 40.8M | 46.9M | 36.0M | |
Total Revenue | 3.8B | 4.2B | 5.0B | 4.9B | 5.2B | 2.8B | |
Gross Profit | 2.2B | 2.5B | 2.9B | 2.8B | 3.0B | 1.5B | |
Operating Income | 945.6M | 1.1B | 1.2B | 1.0B | 1.1B | 681.3M | |
Ebit | 945.6M | 1.1B | 1.2B | 1.0B | 1.1B | 682.4M | |
Research Development | 605.4M | 705.7M | 840.0M | 834.9M | 904.7M | 949.9M | |
Ebitda | 1.1B | 1.2B | 1.4B | 1.2B | 1.2B | 770.5M | |
Cost Of Revenue | 1.5B | 1.7B | 2.1B | 2.1B | 2.2B | 1.3B | |
Income Before Tax | 987.2M | 1.1B | 1.2B | 1.1B | 1.2B | 710.1M | |
Net Income | 952.5M | 992.3M | 1.1B | 973.6M | 1.3B | 1.4B | |
Income Tax Expense | 34.7M | 111.1M | 124.6M | 91.4M | (89.3M) | (84.8M) | |
Tax Provision | 34.7M | 111.1M | 124.6M | 91.4M | (89.3M) | (84.8M) | |
Interest Income | 52.8M | 37.0M | 28.6M | 40.8M | 77.3M | 44.0M | |
Net Interest Income | 52.8M | 37.0M | 28.6M | 40.8M | 77.3M | 48.7M |
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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.