GARMIN LTD (GRMN) FY2025 Annual P&L / Income Statement

GARMIN LTD (GRMN) FY2025 Annual P&L / Income Statement

Income statement for 2024-12-29 through 2025-12-27. View: Business segment. Revenue and costs use their disclosed categories.

Net sales

7,245,519,000 US dollars

Cost of goods sold

2,989,216,000 US dollars

Gross profit

4,256,303,000 US dollars

Total operating expense

2,380,227,000 US dollars

Operating income

1,876,076,000 US dollars

Total other income (expense)

138,459,000 US dollars

Income before income taxes

2,014,535,000 US dollars

Total income tax provision (benefit)

350,648,000 US dollars

Net income

1,663,887,000 US dollars

Fitness Segment revenue

2,357,000,000 US dollars

Outdoor Segment revenue

2,054,061,000 US dollars

Aviation Segment revenue

987,161,000 US dollars

Marine Segment revenue

1,182,615,000 US dollars

Auto OEM Segment revenue

664,682,000 US dollars

Fitness Segment cost of revenue

954,415,000 US dollars

Outdoor Segment cost of revenue

702,831,000 US dollars

Aviation Segment cost of revenue

245,654,000 US dollars

Marine Segment cost of revenue

532,708,000 US dollars

Auto OEM Segment cost of revenue

553,608,000 US dollars

Selling, general and administrative expenses

1,253,996,000 US dollars

Research and development expense

1,126,231,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.