Garmin Ltd. (GRMN) Earnings History
Growth Compounder27 years of earnings data (1999–2025) · Consistent double-digit EPS growth over 5 years
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Garmin Ltd. (GRMN) Earnings Overview
As of June 28, 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 (-$62M net income, -7.8% margin), SONO (-$41M net income, -4.2% margin), GPRO (-$128M 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% |
| 2015 | $456M | +25.3% | $550M | $2.39 | 16.2% | 19.5% |
| 2014 | $364M | -40.5% | $691M | $1.88 | 12.7% | 24.1% |
| 2013 | $612M | +12.9% | $574M | $3.12 | 23.3% | 21.8% |
| 2012 | $542M | +4.1% | $604M | $2.76 | 20.0% | 22.2% |
| 2011 | $521M | -10.9% | $554M | $2.67 | 18.9% | 20.1% |
| 2010 | $585M | -17.0% | $637M | $2.95 | 21.7% | 23.7% |
| 2009 | $704M | -3.9% | $786M | $3.50 | 23.9% | 26.7% |
| 2008 | $733M | -14.3% | $862M | $3.48 | 21.0% | 24.7% |
| 2007 | $855M | +66.3% | $907M | $3.89 | 26.9% | 28.5% |
| 2006 | $514M | +65.2% | $555M | $2.35 | 29.0% | 31.3% |
| 2005 | $311M | +51.3% | $338M | $1.43 | 30.3% | 32.9% |
| 2004 | $206M | +15.2% | $271M | $0.95 | 27.0% | 35.5% |
| 2003 | $179M | +25.1% | $227M | $0.82 | 31.2% | 39.6% |
| 2002 | $143M | +25.9% | $177M | $0.66 | 30.7% | 38.1% |
| 2001 | $113M | +7.4% | $131M | $0.53 | 30.7% | 35.6% |
| 2000 | $106M | +64.7% | $129M | $0.53 | 30.6% | 37.4% |
| 1999 | $64M | - | $83M | $0.32 | 27.6% | 35.5% |
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GRMN — Frequently Asked Questions
Quick answers to the most common questions about buying GRMN stock.
What is GRMN earnings per share (EPS)?
GRMN trailing twelve-month (TTM) diluted EPS is $8.97, reflecting +17.7% year-over-year growth. The 5-year EPS CAGR is +10.7%. Complete EPS history from 1999 to 2025 is available in the table on this page.
What is Garmin Ltd.'s net income?
Garmin Ltd. (GRMN) trailing twelve-month net income is $1.7B as of 2025. Earnings grew +17.7% year-over-year. Garmin Ltd. has been profitable for 27 consecutive years.
Is GRMN profitable?
Yes, GRMN is profitable with a TTM net income of $1.7B and a net profit margin of +23.0%. Garmin Ltd. has generated profits for 27 consecutive years.
What is GRMN's earnings growth rate?
GRMN compound annual EPS growth rates (CAGR): 1-Year: +17.7%, 3-Year: +19.5%, 5-Year: +10.7%, 10-Year: +13.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1999 to 2025.
What are GRMN's profit margins?
Garmin Ltd. net profit margin is +23.0%, operating margin is +25.9%, and gross margin is +58.7%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +19.8%.
Is GRMN growing earnings?
Yes, GRMN earnings are accelerating — EPS growth of +17.7% exceeds the 5-year CAGR of +10.7%. TTM net income reached $1.7B. Earnings momentum is strengthening.
What was GRMN's best earnings year?
Garmin Ltd.'s highest annual net income on record is $1.7B, achieved in fiscal year 2025. Earnings history on this page spans 1999 to 2025 and includes all annual and quarterly figures.
What were GRMN's earnings last quarter?
GRMN's most recent reported quarter was Q1 2026. Net income was $405M with diluted EPS of $2.09. For a full breakdown of all quarters, see the quarterly earnings table on this page.