Gross Profit for Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's current gross profit (TTM) is $4.26B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
GRMN
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$4.26B
YoY change
+15.1%
5Y CAGR
+11.4%
Peak year (2025)
$4.26B
Cumulative gross profit
$42.88B
Gross Profit history chart for Garmin (GRMN) from 1999 to 2025
Gross Profit history table for Garmin (GRMN) from 1999 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $4.26B | +15.1% | ||
| 2024 | $3.70B | +23.0% | ||
| 2023 | $3.00B | +7.1% | ||
| 2022 | $2.81B | -2.9% | ||
| 2021 | $2.89B | +16.5% | ||
| 2020 | $2.48B | +11.1% | ||
| 2019 | $2.23B | +12.8% | ||
| 2018 | $1.98B | +11.0% | ||
| 2017 | $1.78B | +6.2% | ||
| 2016 | $1.68B | +9.2% | ||
| 2015 | $1.54B | -4.1% | ||
| 2014 | $1.60B | +14.0% | ||
| 2013 | $1.41B | -2.2% | ||
| 2012 | $1.44B | +7.5% | ||
| 2011 | $1.34B | -0.6% | ||
| 2010 | $1.35B | -6.8% | ||
| 2009 | $1.44B | -7.0% | ||
| 2008 | $1.55B | +6.2% | ||
| 2007 | $1.46B | +65.8% | ||
| 2006 | $882.39M | +64.9% | ||
| 2005 | $535.07M | +30.1% | ||
| 2004 | $411.24M | +24.4% | ||
| 2003 | $330.54M | +29.6% | ||
| 2002 | $255.06M | +28.7% | ||
| 2001 | $198.16M | +3.6% | ||
| 2000 | $191.29M | +44.4% | ||
| 1999 | $132.50M | — |
Gross Profit values are taken from Garmin's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Garmin (GRMN) reported gross profit of $4.26B – grew 15.1% year-over-year.
Across 2020–2025 (5 years), Garmin gross profit produced a CAGR of +11.4% – sustaining 3 straight years of year-over-year growth.
Across the available history, gross profit reached its high of $4.26B in 2025 and its low of $132.50M in 1999.
Within Technology, Garmin (GRMN) ranks 9th among 8 peers we track. The peer median for gross profit is $98.38B.
Garmin Gross Profit by Year
Garmin Gross Profit 2025: $4.26B
Garmin gross profit in 2025 was $4.26B, grew 15.1% from 2024. This figure represents the highest annual value in the available history.
Garmin Gross Profit 2024: $3.70B
Garmin gross profit in 2024 was $3.70B, grew 23.0% from 2023.
Garmin Gross Profit 2023: $3.00B
Garmin gross profit in 2023 was $3.00B, grew 7.1% from 2022.
Garmin Gross Profit 2022: $2.81B
Garmin gross profit in 2022 was $2.81B, edged down 2.9% below 2021.
Garmin Gross Profit 2021: $2.89B
Garmin gross profit in 2021 was $2.89B.
See more financial history for Garmin (GRMN).
Sector peers — Gross Profit
Companies in the same sector as Garmin, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.30T | Technology |
| Apple Inc. (AAPL) | $195.20B | Technology |
| Microsoft Corporation (MSFT) | $193.89B | Technology |
| NVIDIA Corporation (NVDA) | $153.46B | Technology |
| Broadcom Inc. (AVGO) | $43.29B | Technology |
| ASML Holding N.V. (ASML) | $17.26B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $17.15B | Technology |
| Micron Technology, Inc. (MU) | $14.87B | Technology |
Frequently asked questions
What is Garmin's gross profit?
- Latest reported gross profit for Garmin (GRMN) is $4.26B (period ending December 27, 2025).
How has Garmin gross profit changed year-over-year?
- Garmin (GRMN) gross profit changed +15.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Garmin gross profit?
- Garmin (GRMN) gross profit compound annual growth rate is +11.4% over the most recent 5 years available.
When did Garmin gross profit hit its highest annual value?
- Garmin gross profit reached its highest annual value of $4.26B in 2025.
What was Garmin gross profit in 2024?
- Garmin (GRMN) gross profit in 2024 was $3.70B.
What was Garmin gross profit in 2025?
- Garmin (GRMN) gross profit in 2025 was $4.26B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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