01—History
Gross Profit History
Year-over-year comparison from 10-K annual reports · Dashed line: constant growth FY2020–FY2025. Drag across the bars to change the range.
- $4.26B
02—Ledger
Gross Profit, period by period
| Period | Scale | Value | Change | Source |
|---|---|---|---|---|
| FY2025 | $4.26B | +15.1% | 10-K | |
| FY2024 | $3.70B | +23.0% | 10-K | |
| FY2023 | $3.00B | +7.1% | 10-K | |
| FY2022 | $2.81B | −2.9% | 10-K | |
| FY2021 | $2.89B | +16.5% | 10-K | |
| FY2020 | $2.48B | +11.1% | 10-K | |
| FY2019 | $2.23B | +12.8% | 10-K | |
| FY2018 | $1.98B | +10.1% | 10-K | |
| FY2017 | $1.80B | +6.5% | 10-K | |
| FY2016 | $1.69B | +9.7% | 10-K | |
| FY2015 | $1.54B | −4.1% | 10-K | |
| FY2014 | $1.60B | +14.0% | 10-K | |
| FY2013 | $1.41B | −2.2% | 10-K | |
| FY2012 | $1.44B | +7.5% | 10-K | |
| FY2011 | $1.34B | −0.6% | 10-K | |
| FY2010 | $1.35B | −6.8% | 10-K | |
| FY2009 | $1.44B | −7.0% | 10-K | |
| FY2008 | $1.55B | +6.2% | 10-K | |
| FY2007 | $1.46B | — | 10-K |
03—Questions
What is gross profit?
Gross profit can be defined as revenue minus the cost of goods sold, representing the profit a company makes before deducting operating expenses.
What is GARMIN LTD's current gross profit?
GARMIN LTD (GRMN) annual gross profit for 2025 was $4.26B, a 15.14% increase from 2024. GARMIN LTD gross profit for the quarter ending March 28, 2026 was $1.04B.
What was GARMIN LTD's gross profit in 2024?
GARMIN LTD annual gross profit for 2024 was $3.70B, a 23.02% increase from 2023.
What was GARMIN LTD's gross profit in 2023?
GARMIN LTD annual gross profit for 2023 was $3.00B, a 7.06% increase from 2022.
What is GARMIN LTD's 5-year gross profit CAGR?
GARMIN LTD gross profit grew at a compound annual growth rate (CAGR) of 11.40% from FY2020 to FY2025, going from $2.48B to $4.26B over 5 years.
- Company
- GARMIN LTD
- Ticker
- GRMN
- Sector
- Other
- Industry
- Search, Detection, Navigation, Guidance, Aeronautical Sys