Garmin Financial Statements From 2010 to 2024

GRMN Stock  USD 142.79  0.00  0.00%   
Garmin financial statements provide useful quarterly and yearly information to potential Garmin investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Garmin financial statements helps investors assess Garmin's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Garmin's valuation are summarized below:
Gross Profit
2.8 B
Profit Margin
0.2467
Market Capitalization
27.3 B
Enterprise Value Revenue
4.8946
Revenue
5.2 B
We have found one hundred twenty available fundamental trends for Garmin, which can be analyzed and compared to other ratios and to its competitors. Self-guided Investors are advised to confirm Garmin's regular fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. As of the 25th of April 2024, Market Cap is likely to grow to about 6.6 B. Also, Enterprise Value is likely to grow to about 6.2 B

Garmin Total Revenue

2.82 Billion

Check Garmin financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Garmin main balance sheet or income statement drivers, such as Depreciation And Amortization of 186.5 M, Interest Expense of 36 M or Total Revenue of 2.8 B, as well as many exotic indicators such as Price To Sales Ratio of 5.36, Dividend Yield of 0.021 or PTB Ratio of 4.82. Garmin financial statements analysis is a perfect complement when working with Garmin Valuation or Volatility modules.
  
This module can also supplement Garmin's financial leverage analysis and stock options assessment as well as various Garmin Technical models . Check out the analysis of Garmin Correlation against competitors.
To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.

Garmin Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total AssetsB8.6 B5.7 B
Slightly volatile
Short and Long Term Debt Total60.5 M113 M60.3 M
Slightly volatile
Other Current Liabilities472.3 M730.2 M593.1 M
Slightly volatile
Total Current Liabilities744.5 M1.3 B936.8 M
Slightly volatile
Total Stockholder Equity7.4 BB4.4 B
Slightly volatile
Property Plant And Equipment Net1.4 B1.4 B727 M
Slightly volatile
Retained Earnings5.5 B5.3 B2.9 B
Slightly volatile
Accounts Payable168.9 M253.8 M189.1 M
Slightly volatile
Cash939 M1.7 B1.1 B
Slightly volatile
Non Current Assets Total4.3 B4.1 B2.7 B
Slightly volatile
Non Currrent Assets Other141.9 M96.7 M110.4 M
Slightly volatile
Cash And Short Term Investments1.1 BB1.3 B
Slightly volatile
Net Receivables564.6 M815.2 M611.7 M
Slightly volatile
Common Stock Shares Outstanding161.3 M192.1 M190.9 M
Slightly volatile
Liabilities And Stockholders EquityB8.6 B5.7 B
Slightly volatile
Non Current Liabilities Total231.5 M280.8 M295.5 M
Pretty Stable
Inventory1.4 B1.3 B714.9 M
Slightly volatile
Other Current Assets334.5 M318.6 M160.2 M
Slightly volatile
Total Liabilities976 M1.6 B1.2 B
Slightly volatile
Total Current Assets2.3 B4.5 B2.8 B
Slightly volatile
Short Term Debt236.7 M225.5 M44 M
Slightly volatile
Common Stock18.6 M19.6 M610.1 M
Slightly volatile
Other Liabilities282.1 M230.8 M264.7 M
Very volatile
Other Assets647.4 M616.6 M377.1 M
Slightly volatile
Cash And Equivalents934.7 M1.5 B1.1 B
Slightly volatile
Intangible Assets131 M186.6 M127.9 M
Slightly volatile
Property Plant Equipment1.4 B1.3 B674.1 M
Slightly volatile
Current Deferred Revenue121.5 M101.2 M136.2 M
Slightly volatile
Common Stock Total Equity19.6 M20.7 M610.3 M
Slightly volatile
Short Term Investments165.2 M274.6 M212.6 M
Slightly volatile
Property Plant And Equipment Gross2.5 B2.4 B862.5 M
Slightly volatile
Good Will638.9 M608.5 M344.5 M
Slightly volatile
Net Tangible Assets4.1 B6.4 BB
Slightly volatile
Capital Surpluse2.5 B2.3 B1.2 B
Slightly volatile
Deferred Long Term Liabilities153.9 M149.5 M143.2 M
Very volatile
Long Term Investments1.3 B1.1 B1.2 B
Very volatile
Non Current Liabilities Other414.2 K436 K110.4 M
Slightly volatile
Deferred Long Term Asset Charges8.4 M8.8 M99.7 M
Slightly volatile
Net Invested Capital5.9 BB4.7 B
Slightly volatile
Net Working Capital2.6 B3.2 BB
Slightly volatile
Capital Stock20.1 M19.6 M18.2 M
Slightly volatile
Capital Lease Obligations93 M113 M63.9 M
Slightly volatile

Garmin Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization186.5 M177.6 M112 M
Slightly volatile
Interest Expense36 M46.9 M36.3 M
Slightly volatile
Total Revenue2.8 B5.2 B3.3 B
Slightly volatile
Gross Profit1.5 BB1.9 B
Slightly volatile
Other Operating Expenses2.1 B4.1 B2.5 B
Slightly volatile
Operating Income681.3 M1.1 B743 M
Slightly volatile
EBIT682.4 M1.1 B746.6 M
Slightly volatile
Research Development949.9 M904.7 M547.8 M
Slightly volatile
EBITDA770.5 M1.2 B852 M
Slightly volatile
Cost Of Revenue1.3 B2.2 B1.4 B
Slightly volatile
Total Operating ExpensesB1.9 B1.2 B
Slightly volatile
Income Before Tax710.1 M1.2 B776.4 M
Slightly volatile
Net Income1.4 B1.3 B740.3 M
Slightly volatile
Selling General Administrative876.7 M835 M496.7 M
Slightly volatile
Net Income Applicable To Common Shares614.3 M1.1 B682.4 M
Slightly volatile
Selling And Marketing Expenses171.3 M173.1 M157.5 M
Slightly volatile
Net Income From Continuing Ops804.8 M1.3 B746.3 M
Slightly volatile
Interest Income44 M77.3 M29 M
Slightly volatile
Net Interest Income48.7 M77.3 M40.2 M
Slightly volatile
Reconciled Depreciation143.2 M177.6 M110.6 M
Slightly volatile

Garmin Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow1.2 B1.2 B647.7 M
Slightly volatile
Begin Period Cash Flow868.1 M1.3 B1.1 B
Slightly volatile
Depreciation186.5 M177.6 M107.3 M
Slightly volatile
Dividends Paid309.9 M558.8 M382 M
Slightly volatile
Capital Expenditures108.7 M195 M127.6 M
Slightly volatile
Total Cash From Operating Activities1.4 B1.4 B781.8 M
Slightly volatile
Net Income1.4 B1.3 B740.3 M
Slightly volatile
End Period Cash Flow939.1 M1.7 B1.1 B
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio5.364.24.926
Pretty Stable
Dividend Yield0.0210.03440.0246
Pretty Stable
PTB Ratio4.823.294.026
Pretty Stable
Days Sales Outstanding55.5644.459.8193
Slightly volatile
Book Value Per Share30.4529.028.1353
Slightly volatile
Free Cash Flow Yield0.04490.02750.0371
Pretty Stable
Invested Capital0.04820.02590.0242
Pretty Stable
Operating Cash Flow Per Share2.463.684.5672
Pretty Stable
Stock Based Compensation To Revenue0.01020.01420.0168
Pretty Stable
PB Ratio4.823.294.026
Pretty Stable
EV To Sales4.973.934.6214
Pretty Stable
Free Cash Flow Per Share2.062.533.3792
Very volatile
ROIC0.220.170.1752
Very volatile
Inventory Turnover3.051.561.9901
Pretty Stable
Net Income Per Share2.314.554.6695
Pretty Stable
Days Of Inventory On Hand254242206
Slightly volatile
Payables Turnover6.228.76.7701
Slightly volatile
Sales General And Administrative To Revenue0.10.140.1324
Slightly volatile
Research And Ddevelopement To Revenue0.0960.150.1538
Pretty Stable
Cash Per Share4.066.798.0098
Very volatile
POCF Ratio22.7425.9223.1469
Very volatile
Interest Coverage27.5128.9521.5669
Slightly volatile
Payout Ratio0.360.630.5037
Pretty Stable
PFCF Ratio33.5837.732.9576
Very volatile
Days Payables Outstanding54.043.4255.8789
Slightly volatile
Income Quality0.850.730.9945
Slightly volatile
ROE0.240.180.1804
Pretty Stable
EV To Operating Cash Flow21.1124.2321.7341
Very volatile
PE Ratio21.8720.9922.402
Slightly volatile
Return On Tangible Assets0.20.160.1552
Pretty Stable
EV To Free Cash Flow31.3835.2331.0002
Very volatile
Earnings Yield0.04740.04930.0462
Pretty Stable
Intangibles To Total Assets0.0490.08690.0866
Pretty Stable
Current Ratio4.293.753.1835
Slightly volatile
Tangible Book Value Per Share26.7925.5124.7183
Slightly volatile
Receivables Turnover6.258.516.2018
Slightly volatile
Graham Number57.2254.4955.2892
Slightly volatile
Shareholders Equity Per Share30.4529.028.1353
Slightly volatile
Debt To Equity0.04820.02590.0242
Pretty Stable
Graham Net Net2.955.55.9116
Pretty Stable
Revenue Per Share23.8522.7222.6848
Slightly volatile
Interest Debt Per Share0.890.840.6809
Slightly volatile
Debt To Assets0.03750.02080.0188
Slightly volatile
Enterprise Value Over EBITDA15.7715.8716.1295
Very volatile
Short Term Coverage Ratios34.2436.0543.3941
Slightly volatile
Price Earnings Ratio21.8720.9922.402
Slightly volatile
Operating Cycle172287257
Pretty Stable
Price Book Value Ratio4.823.294.026
Pretty Stable
Days Of Payables Outstanding54.043.4255.8789
Slightly volatile
Dividend Payout Ratio0.360.630.5037
Pretty Stable
Price To Operating Cash Flows Ratio22.7425.9223.1469
Very volatile
Price To Free Cash Flows Ratio33.5837.732.9576
Very volatile
Pretax Profit Margin0.310.250.2468
Very volatile
Ebt Per Ebit1.141.191.0263
Slightly volatile
Operating Profit Margin0.30.240.2453
Pretty Stable
Company Equity Multiplier1.021.121.2521
Slightly volatile
Long Term Debt To Capitalization0.04170.02080.0187
Very volatile
Total Debt To Capitalization0.0450.02530.0234
Pretty Stable
Return On Capital Employed0.250.180.1911
Pretty Stable
Debt Equity Ratio0.04820.02590.0242
Pretty Stable
Ebit Per Revenue0.30.240.2453
Pretty Stable
Quick Ratio3.152.02.0486
Pretty Stable
Net Income Per E B T0.680.820.8781
Very volatile
Cash Ratio1.941.211.1849
Pretty Stable
Cash Conversion Cycle132253203
Slightly volatile
Operating Cash Flow Sales Ratio0.280.190.2218
Pretty Stable
Days Of Inventory Outstanding254242206
Slightly volatile
Days Of Sales Outstanding55.5644.459.8193
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.640.620.7199
Pretty Stable
Cash Flow Coverage Ratios6.166.498.9262
Slightly volatile
Price To Book Ratio4.823.294.026
Pretty Stable
Fixed Asset Turnover6.34.354.6678
Pretty Stable
Price Cash Flow Ratio22.7425.9223.1469
Very volatile
Enterprise Value Multiple15.7715.8716.1295
Very volatile
Debt Ratio0.03750.02080.0188
Slightly volatile
Cash Flow To Debt Ratio6.166.498.9262
Slightly volatile
Price Sales Ratio5.364.24.926
Pretty Stable
Return On Assets0.190.140.1414
Pretty Stable
Asset Turnover0.770.720.6512
Slightly volatile
Net Profit Margin0.260.230.2202
Pretty Stable
Gross Profit Margin0.430.520.5549
Pretty Stable
Price Fair Value4.823.294.026
Pretty Stable
Return On Equity0.240.180.1804
Pretty Stable

Garmin Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap6.6 B6.5 B19.5 B
Slightly volatile
Enterprise Value6.2 B6.2 B18.4 B
Slightly volatile

Garmin Fundamental Market Drivers

Forward Price Earnings27.5482
Cash And Short Term InvestmentsB

Garmin Upcoming Events

21st of February 2024
Upcoming Quarterly Report
View
1st of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
21st of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Garmin Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Garmin income statement, its balance sheet, and the statement of cash flows. Garmin investors use historical funamental indicators, such as Garmin's revenue or net income, to determine how well the company is positioned to perform in the future. Although Garmin investors may use each financial statement separately, they are all related. The changes in Garmin's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Garmin's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Garmin Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Garmin. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue101.2 M121.5 M
Total Revenue5.2 B2.8 B
Cost Of Revenue2.2 B1.3 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.14  0.10 
Research And Ddevelopement To Revenue 0.15  0.1 
Capex To Revenue(0.05)(0.05)
Revenue Per Share 22.72  23.85 
Ebit Per Revenue 0.24  0.30 

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 the analysis of Garmin Correlation against competitors.
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.