Garmin Past Earnings Performance
Past criteria checks 5/6
Garmin has been growing earnings at an average annual rate of 7%, while the Consumer Durables industry saw earnings growing at 23.3% annually. Revenues have been growing at an average rate of 8.4% per year. Garmin's return on equity is 19.6%, and it has net margins of 24.4%.
Key information
7.0%
Earnings growth rate
6.8%
EPS growth rate
Consumer Durables Industry Growth | 24.5% |
Revenue growth rate | 8.4% |
Return on equity | 19.6% |
Net Margin | 24.4% |
Last Earnings Update | 29 Jun 2024 |
Recent past performance updates
Recent updates
Garmin's (NYSE:GRMN) Dividend Will Be $0.75
Aug 14Garmin's (NYSE:GRMN) Dividend Will Be $0.75
Jul 31Garmin's (NYSE:GRMN) Dividend Will Be $0.75
Jul 11Garmin: Innovative Niche Products Will Lead To Continued Success
Jul 02Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.75
Jun 27Garmin (NYSE:GRMN) Will Pay A Larger Dividend Than Last Year At $0.75
Jun 13Garmin: Slightly Too Expensive, Needs To Prove It Can Improve Profitability
Jun 06Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75
May 11Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75
Apr 27Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75
Apr 10Garmin: Wearables Trends Remain Strong
Mar 29Garmin's (NYSE:GRMN) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 26Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73
Mar 12Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Feb 13Garmin Ltd.'s (NYSE:GRMN) Shareholders Might Be Looking For Exit
Feb 08Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73
Jan 22Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73
Jan 08Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Dec 07Garmin: Growth Remains Intact But Valuation Is Not Attractive
Nov 16Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.73
Nov 13At US$117, Is It Time To Put Garmin Ltd. (NYSE:GRMN) On Your Watch List?
Nov 11Garmin: Resilient Financials And Sustained Product Innovation
Nov 10Garmin (NYSE:GRMN) Has Affirmed Its Dividend Of $0.73
Oct 26Garmin (NYSE:GRMN) Has More To Do To Multiply In Value Going Forward
Oct 13Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Sep 28Estimating The Fair Value Of Garmin Ltd. (NYSE:GRMN)
Sep 27Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73
Sep 09Garmin: Cautiously Positive Growth Prospects
Sep 08Garmin: Hold Rating After Strong Q2 Earnings, Signs Of Overvaluation
Aug 30Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73
Aug 26Garmin's (NYSE:GRMN) Dividend Will Be $0.73
Aug 08Upslope Capital - Garmin: A Classic 'Riches In Niches' Story
Jul 26Revenue & Expenses Breakdown
How Garmin makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
29 Jun 24 | 5,648 | 1,376 | 1,062 | 945 |
30 Mar 24 | 5,462 | 1,363 | 1,035 | 926 |
30 Dec 23 | 5,228 | 1,290 | 1,008 | 905 |
30 Sep 23 | 5,052 | 1,041 | 984 | 883 |
01 Jul 23 | 4,915 | 994 | 970 | 870 |
01 Apr 23 | 4,835 | 964 | 953 | 847 |
31 Dec 22 | 4,860 | 974 | 944 | 835 |
24 Sep 22 | 4,946 | 966 | 934 | 824 |
25 Jun 22 | 4,997 | 1,015 | 926 | 814 |
26 Mar 22 | 5,083 | 1,074 | 915 | 799 |
25 Dec 21 | 4,983 | 1,082 | 893 | 779 |
25 Sep 21 | 4,943 | 1,130 | 861 | 773 |
26 Jun 21 | 4,860 | 1,184 | 823 | 749 |
27 Mar 21 | 4,403 | 1,051 | 760 | 729 |
26 Dec 20 | 4,187 | 992 | 775 | 652 |
26 Sep 20 | 3,937 | 1,020 | 702 | 668 |
27 Jun 20 | 3,763 | 934 | 684 | 642 |
28 Mar 20 | 3,848 | 973 | 693 | 625 |
28 Dec 19 | 3,758 | 952 | 683 | 605 |
28 Sep 19 | 3,587 | 782 | 663 | 589 |
29 Jun 19 | 3,463 | 738 | 652 | 579 |
30 Mar 19 | 3,403 | 705 | 646 | 572 |
29 Dec 18 | 3,347 | 694 | 634 | 568 |
29 Sep 18 | 3,313 | 646 | 640 | 555 |
30 Jun 18 | 3,254 | 613 | 628 | 546 |
31 Mar 18 | 3,191 | 600 | 611 | 531 |
30 Dec 17 | 3,122 | 709 | 603 | 512 |
30 Sep 17 | 3,085 | 703 | 597 | 508 |
01 Jul 17 | 3,056 | 677 | 593 | 495 |
01 Apr 17 | 3,036 | 661 | 593 | 482 |
31 Dec 16 | 3,046 | 518 | 588 | 468 |
24 Sep 16 | 2,939 | 507 | 567 | 445 |
25 Jun 16 | 2,897 | 501 | 568 | 434 |
26 Mar 16 | 2,859 | 478 | 564 | 429 |
26 Dec 15 | 2,820 | 456 | 562 | 427 |
26 Sep 15 | 2,842 | 534 | 554 | 423 |
27 Jun 15 | 2,869 | 268 | 547 | 416 |
28 Mar 15 | 2,873 | 312 | 531 | 405 |
27 Dec 14 | 2,871 | 364 | 519 | 395 |
27 Sep 14 | 2,827 | 318 | 495 | 386 |
28 Jun 14 | 2,764 | 652 | 484 | 376 |
29 Mar 14 | 2,683 | 643 | 474 | 373 |
28 Dec 13 | 2,632 | 612 | 468 | 365 |
28 Sep 13 | 2,641 | 578 | 480 | 356 |
Quality Earnings: GRMN has high quality earnings.
Growing Profit Margin: GRMN's current net profit margins (24.4%) are higher than last year (20.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GRMN's earnings have grown by 7% per year over the past 5 years.
Accelerating Growth: GRMN's earnings growth over the past year (38.5%) exceeds its 5-year average (7% per year).
Earnings vs Industry: GRMN earnings growth over the past year (38.5%) exceeded the Consumer Durables industry 0.5%.
Return on Equity
High ROE: GRMN's Return on Equity (19.6%) is considered low.