TTM
$4.41B
YoY change
+15.1%
5Y CAGR
+11.4%
Peak year (2025)
$4.26B
Cumulative gross profit
$43.93B
Gross Profit history chart for Garmin (GRMN) from 1999 to 2025
Latest: $4.26B
Gross Profit growth chart for Garmin (GRMN) from 1999 to 2025
Latest: +15.1%
Gross Profit history table for Garmin (GRMN) from 1999 to 2025
| 2025 | $4.26B | +15.1% | +$559.75M | ||
| 2024 | $3.70B | +23.0% | +$691.60M | ||
| 2023 | $3.00B | +7.1% | +$198.18M | ||
| 2022 | $2.81B | -2.9% | −$83.68M | ||
| 2021 | $2.89B | +16.5% | +$409.12M | ||
| 2020 | $2.48B | +11.1% | +$247.36M | ||
| 2019 | $2.23B | +12.8% | +$254.26M | ||
| 2018 | $1.98B | +11.0% | +$196.56M | ||
| 2017 | $1.78B | +6.2% | +$103.59M | ||
| 2016 | $1.68B | +9.2% | +$140.87M | ||
| 2015 | $1.54B | -4.1% | −$65.71M | ||
| 2014 | $1.60B | +14.0% | +$197.11M | ||
| 2013 | $1.41B | -2.2% | −$31.18M | ||
| 2012 | $1.44B | +7.5% | +$99.89M | ||
| 2011 | $1.34B | -0.6% | −$7.78M | ||
| 2010 | $1.35B | -6.8% | −$97.74M | ||
| 2009 | $1.44B | -7.0% | −$109.40M | ||
| 2008 | $1.55B | +6.2% | +$90.26M | ||
| 2007 | $1.46B | +65.8% | +$580.87M | ||
| 2006 | $882.39M | +64.9% | +$347.32M | ||
| 2005 | $535.07M | +30.1% | +$123.83M | ||
| 2004 | $411.24M | +24.4% | +$80.70M | ||
| 2003 | $330.54M | +29.6% | +$75.48M | ||
| 2002 | $255.06M | +28.7% | +$56.90M | ||
| 2001 | $198.16M | +3.6% | +$6.86M | ||
| 2000 | $191.29M | +44.4% | +$58.79M | ||
| 1999 | $132.50M | — | — |
- 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 (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Profit at Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's current gross profit (TTM) is $4.41B. 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 .
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.
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
2024's gross profit for Garmin came in at $3.70B, grew 23.0% from 2023.
Garmin Gross Profit 2023: $3.00B
Garmin posted gross profit of $3.00B in 2023, grew 7.1% from 2022.
Garmin Gross Profit 2022: $2.81B
In 2022, Garmin reported gross profit of $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 by Gross Profit
Technology peers of Garmin (GRMN), ranked by their latest gross profit
| $195.20B | |
| $193.89B | |
| $153.46B | |
| $74.32B | |
| $43.29B | |
| $20.09B | |
| $17.15B | |
| $14.87B |
- $195.20B
- $193.89B
- $153.46B
- $74.32B
- $43.29B
- $20.09B
- $17.15B
- $14.87B
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