Garmin Ltd.

NYSE GRMN

Garmin Ltd. Gross Profit Margin for the year ending December 30, 2023: 57.48%

Garmin Ltd. Gross Profit Margin is 57.48% for the year ending December 30, 2023, a -0.47% change year over year. Gross Profit Ratio is the ratio of gross profit to net sales, indicating the percentage of revenue that exceeds the cost of goods sold and reflects the efficiency of a company in managing its production or procurement and sales.
  • Garmin Ltd. Gross Profit Margin for the year ending December 31, 2022 was 57.75%, a -0.45% change year over year.
  • Garmin Ltd. Gross Profit Margin for the year ending December 25, 2021 was 58.01%, a -2.13% change year over year.
  • Garmin Ltd. Gross Profit Margin for the year ending December 26, 2020 was 59.27%, a -0.31% change year over year.
  • Garmin Ltd. Gross Profit Margin for the year ending December 28, 2019 was 59.45%, a 0.53% change year over year.
Key data
Date Gross Profit Margin Operating Income Margin EBT Margin Net Income Margin
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NYSE: GRMN

Garmin Ltd.

CEO Mr. Clifton Albert Pemble
IPO Date Dec. 8, 2000
Location Switzerland
Headquarters MUehlentalstrasse 2
Employees 19,900
Sector Technology
Industries
Description

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

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StockViz Staff

January 15, 2025

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