Garmin Ltd. (GRMN) Earnings History
Annual and quarterly earnings data from 1999 to 2025
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GRMN EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
GRMN Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 58.7% | 25.9% | 23.0% |
| 2024 | 58.7% | 25.3% | 22.4% |
| 2023 | 57.5% | 20.9% | 24.7% |
| 2022 | 57.7% | 21.1% | 20.0% |
| 2021 | 58.0% | 24.5% | 21.7% |
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Garmin Ltd. (GRMN) Earnings Overview
As of May 8, 2026, Garmin Ltd. (GRMN) reported trailing twelve-month net income of $1.74B, reflecting +17.7% year-over-year growth. The company earned $8.97 per diluted share over the past four quarters, with a net profit margin of 23.0%.
Looking at the long-term picture, GRMN's 5-year EPS compound annual growth rate (CAGR) stands at +10.7%, showing solid earnings momentum. The company achieved its highest annual net income of $1.66B in fiscal 2025, representing a new all-time high.
Garmin Ltd. maintains industry-leading profitability with a gross margin of 58.7%, operating margin of 25.9%, and net margin of 23.0%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including FOSL (-$78M net income, -7.8% margin), SONO (-$41M net income, -4.2% margin), GPRO (-$93M net income, -14.3% margin), GRMN has outperformed on profitability metrics. Compare GRMN vs FOSL →
GRMN Earnings vs Peers
Earnings metrics vs comparable public companies
GRMN Historical Earnings Data (1999–2025)
27 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.66B | +17.9% | $1.88B | $8.59 | 23.0% | 25.9% |
| 2024 | $1.41B | +9.4% | $1.59B | $7.30 | 22.4% | 25.3% |
| 2023 | $1.29B | +32.5% | $1.09B | $6.71 | 24.7% | 20.9% |
| 2022 | $974M | -10.0% | $1.03B | $5.04 | 20.0% | 21.1% |
| 2021 | $1.08B | +9.1% | $1.22B | $5.61 | 21.7% | 24.5% |
| 2020 | $992M | +4.2% | $1.05B | $5.17 | 23.7% | 25.2% |
| 2019 | $952M | +37.2% | $946M | $4.99 | 25.3% | 25.2% |
| 2018 | $694M | -0.1% | $778M | $3.66 | 20.7% | 23.3% |
| 2017 | $695M | +36.0% | $669M | $3.68 | 22.5% | 21.7% |
| 2016 | $511M | +12.0% | $624M | $2.70 | 16.9% | 20.7% |
Full GRMN Stock Analysis
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Start ComparisonGRMN — Frequently Asked Questions
Quick answers to the most common questions about buying GRMN stock.
Is GRMN growing earnings?
GRMN EPS is $8.97, with earnings growth accelerating to +17.7%. This exceeds the 5-year CAGR of +10.7%. TTM net income reached $1.7B.
What are GRMN's profit margins?
Garmin Ltd. net margin is +23.0%, with operating margin at +25.9%. Above-average margins indicate pricing power.
How consistent are GRMN's earnings?
GRMN earnings data spans 1999-2025. The accelerating earnings trend is +17.7% YoY. Historical data enables comparison across business cycles.