Garmin Ltd.
GRMN Technology Scientific & Technical Instruments
Garmin Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, up 15.1% from fiscal 2024. In the quarter to June 2026, revenue grew 11.4%, EPS grew 35.1% and free cash flow grew 116.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.
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Garmin Ltd. (GRMN) Net income
Garmin Ltd.'s net income for fiscal 2025 was $1.7B, up 17.9% from $1.4B in fiscal 2024. Over the twelve months to 30 June 2026 it was $1.9B. Over the past ten years it has ranged from $456.2M (fiscal 2015) to $1.7B (fiscal 2025) — the current reading is the highest in ten years. Net income has risen for 3 consecutive fiscal years. Garmin Ltd. ranks 1st of 34 Scientific & Technical Instruments companies by net income.
Net income, annual
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Annual newest first
| Period | Net income | Change |
|---|---|---|
| FY2025 | $1.7B | 17.89% |
| FY2024 | $1.4B | 9.44% |
| FY2023 | $1.3B | 32.46% |
| FY2022 | $973.6M | (10.04%) |
| FY2021 | $1.1B | 9.06% |
| FY2020 | $992.3M | 4.18% |
| FY2019 | $952.5M | 37.23% |
| FY2018 | $694.1M | (2.11%) |
| FY2017 | $709.0M | 36.95% |
| FY2016 | $517.7M | 13.48% |
Quarterly newest first
| Period | Net income | Change |
|---|---|---|
| Jun 2026 | $541.9M | 33.78% |
| Mar 2026 | $405.1M | (23.38%) |
| Dec 2025 | $528.7M | 31.64% |
| Sep 2025 | $401.6M | 0.20% |
| 42 more quarters | Free account |
Against its own ten years
Net income against peers
| Company | Net income |
|---|---|
| GRMN Garmin Ltd. | $1.9B |
| KEYS Keysight Technologies Inc. compare | $1.3B |
| TDY Teledyne Technologies Incorporated compare | $975.0M |
| COHR Coherent Corp. compare | $786.9M |
| FTV Fortive Corporation compare | $534.4M |
| MKSI MKS Inc. compare | $439.0M |
| ESE ESCO Technologies Inc. compare | $314.8M |
| CGNX Cognex Corporation compare | $174.8M |
| TRMB Trimble Inc. compare | −$104.7M |
What Net income is
Net Income tells an investor how much profit a company kept in a period after every cost, interest charge and tax.
Reported line item
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- Revenue
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
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