Garmin (GRMN) stock price, revenue, and financials

Garmin market cap is $16 b, and annual revenue was $3.76 b in FY 2019

$16 B

GRMN Mkt cap, 22-May-2020

$856.1 M

Garmin Revenue Q1, 2020
Garmin Gross profit (Q1, 2020)506.9 M
Garmin Gross profit margin (Q1, 2020), %59.2%
Garmin Net income (Q1, 2020)161.2 M
Garmin EBIT (Q1, 2020)177.5 M
Garmin Cash, 28-Mar-20201 B
Garmin EV15 B

Garmin Revenue

Garmin revenue was $3.76 b in FY, 2019 which is a 12.2% year over year increase from the previous period.

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Garmin Revenue Breakdown

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Garmin revenue breakdown by business segment: 19.6% from Aviation, 14.6% from Auto, 13.5% from Marine, 27.9% from Fitness and 24.4% from Outdoor

Garmin revenue breakdown by geographic segment: 35.9% from EMEA, 15.7% from APAC and 48.4% from Americas

Garmin Income Statement

Annual

USDFY, 2017FY, 2018FY, 2019

Revenue

3.1b3.3b3.8b

Revenue growth, %

2%8%12%

Cost of goods sold

1.3b1.4b1.5b

Gross profit

1.8b2.0b2.2b

Gross profit Margin, %

58%59%59%

Sales and marketing expense

164.7m155.4m164.5m

R&D expense

511.6m567.8m605.4m

General and administrative expense

438.0m478.2m518.6m

Operating expense total

1.1b1.2b1.3b

EBIT

668.9m778.3m945.6m

EBIT margin, %

22%23%25%

Interest income

36.9m47.1m52.8m

Pre tax profit

682.3m823.2m987.2m

Income tax expense

(12.7m)129.2m34.7m

Net Income

695.0m694.1m952.5m

EPS

3.73.75.0

Garmin Balance Sheet

Annual

USDFY, 2017FY, 2018FY, 2019

Cash

891.5m1.2b1.0b

Accounts Receivable

590.9m569.8m706.8m

Inventories

517.6m561.8m752.9m

Current Assets

2.4b2.7b3.1b

PP&E

595.7m663.5m728.9m

Total Assets

5.0b5.4b6.2b

Accounts Payable

169.6m205.0m240.8m

Dividends Payable

96.0m200.5m217.3m

Current Liabilities

828.7m921.3m1.0b

Long-term debt

49.2m

Total Debt

49.2m

Common Stock

18.0m18.0m18.0m

Additional Paid-in Capital

1.8b1.8b1.8b

Retained Earnings

2.4b2.7b3.2b

Total Equity

3.8b4.2b4.8b

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.3 x1.3 x1.3 x

Garmin Cash Flow

Annual

USDFY, 2017FY, 2018FY, 2019

Net Income

695.0m694.1m952.5m

Depreciation and Amortization

86.3m96.2m106.2m

Accounts Receivable

(40.1m)5.2m(123.4m)

Inventories

(38.6m)(82.3m)(170.2m)

Accounts Payable

(17.2m)40.6m26.2m

Cash From Operating Activities

660.8m919.5m698.5m

Purchases of PP&E

(139.7m)(155.8m)(118.0m)

Cash From Investing Activities

(194.5m)(307.5m)(450.7m)

Dividends Paid

(383.0m)(296.1m)(417.3m)

Cash From Financing Activities

(448.4m)(286.2m)(416.0m)

Net Change in Cash

44.6m310.0m(174.2m)

Income Taxes Paid

106.1m67.6m160.3m

Garmin Ratios

USDY, 2020

EV/EBIT

84.7 x

EV/CFO

66.5 x

Financial Leverage

1.2 x

Garmin Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Patents Issued

880 950 1.05 k1.10 k1.17 k1.35 k

Trademarks

610 640 700 750 800 900

Garmin Employee Rating

3.7812 votes
Culture & Values
3.9
Work/Life Balance
4.1
Senior Management
3.5
Salary & Benefits
3.8
Career Opportunities
3.5
Source