GRMN · XBRL financial data

Garmin financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (GRMN's year ends in late December)

In millions of dollars	FY 2020Dec 26, 2020	FY 2021Dec 25, 2021	FY 2022Dec 31, 2022	FY 2023Dec 30, 2023	FY 2024Dec 28, 2024	FY 2025Dec 27, 2025
Revenue from contracts with customers	4,187	4,983	4,860	5,228	6,297	7,246
Cost of goods and services sold	1,705	2,092	2,054	2,223	2,600	2,989
Gross profit	2,481	2,890	2,807	3,005	3,697	4,256
Research and development	706	840	835	905	994	1,126
Selling, general and administrative	570	660	776	835	1,109	1,254
Total operating expenses	1,427	1,672	1,779	1,913	2,103	2,380
Operating income (loss)	1,054	1,219	1,028	1,092	1,594	1,876
Other income (expense)	9	5	8	4	8	2
Income tax expense (benefit)	111	125	91	(89)	284	351
Net income (loss)	992	1,082	974	1,290	1,411	1,664
Earnings per share, basic USD per share	5.19	5.63	5.06	6.74	7.35	8.65
Earnings per share, diluted USD per share	5.17	5.61	5.04	6.71	7.30	8.59
Weighted average shares, basic millions of shares	191	192	0	0	192	192
Weighted average shares, diluted millions of shares	192	193	0	0	193	194

Fiscal years (GRMN's year ends in late December)

In millions of dollars	FY 2020Dec 26, 2020	FY 2021Dec 25, 2021	FY 2022Dec 31, 2022	FY 2023Dec 30, 2023	FY 2024Dec 28, 2024	FY 2025Dec 27, 2025
Cash and cash equivalents	1,458	1,498	1,279	1,693	2,079	2,279
Marketable securities	388	348	173	275	421	459
Marketable securities, non-current	1,131	1,269	1,208	1,125	1,198	1,397
Accounts receivable	849	843	657	815	983	1,253
Inventory	762	1,228	1,515	1,346	1,474	1,772
Prepaid and other current assets	192	329	316	319	354	468
Total current assets	3,669	4,262	3,955	4,464	5,336	6,248
Property and equipment, net	856	1,067	1,147	1,224	1,237	1,375
Right-of-use asset	95	89	138	144	165	196
Goodwill	584	575	568	608	604	760
Total assets	7,031	7,854	7,731	8,604	9,631	10,994
Accounts payable	259	370	212	254	359	347
Total current liabilities	1,164	1,448	1,212	1,311	1,508	1,720
Lease liability, non-current	76	70	115	113	135	165
Retained earnings	3,754	4,321	4,734	5,264	5,999	6,970
Total stockholders' equity	5,516	6,114	6,204	7,012	7,848	8,973
Total liabilities and equity	7,031	7,854	7,731	8,604	9,631	10,994
Common shares outstanding (cover page) millions of shares	192	193	191	192	192	192

Fiscal years (GRMN's year ends in late December)

In millions of dollars	FY 2020Dec 26, 2020	FY 2021Dec 25, 2021	FY 2022Dec 31, 2022	FY 2023Dec 30, 2023	FY 2024Dec 28, 2024	FY 2025Dec 27, 2025
Net income (loss)	992	1,082	974	1,290	1,411	1,664
Stock-based compensation	81	93	77	101	137	166
Net cash from operating activities	1,135	1,012	788	1,376	1,432	1,633
Purchases of property and equipment	185	308	244	194	194	270
Net cash from investing activities	(261)	(475)	(145)	(333)	(393)	(645)
Dividends paid	451	491	679	559	572	664
Net cash from financing activities	(462)	(487)	(841)	(637)	(627)	(844)
Net change in cash	431	40	(219)	414	386	199

SIC 3812 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3812 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Garmin	2,040	1,986	394*	192.7M	Q3 FY26 10-QSep 26, 2026
Heico	241	1,413	345*	not reported	Q3 FY26 10-QJul 31, 2026
L3harris Technologies	2,471	6,060	1,439*	186.2M	Q3 FY26 10-QOct 2, 2026
Teledyne Technologies	562	1,685	353*	46.0M	Q3 FY26 10-QSep 27, 2026
AeroVironment	278	480	13	50.8M	Q1 FY27 10-QAug 1, 2026
General Dynamics	4,388	14,566	1,710*	270.2M	Q3 FY26 10-QOct 4, 2026
Northrop Grumman	3,744	11,122	1,745*	142.1M	Q3 FY26 10-QSep 30, 2026
TransDigm Group	2,773	2,741	724*	55.3M	Q3 FY26 10-QJun 27, 2026
Rocket Lab	2,129	234	(84)*	598.4M	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.