Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.05B | $3.12B | $3.35B | $3.76B | $4.19B | $4.98B | $4.86B | $5.23B | $6.30B | $7.25B |
| Revenue growth | — | 2.5% | 7.2% | 12.2% | 11.4% | 19.0% | -2.5% | 7.6% | 20.4% | 15.1% |
| Gross profit | $1.69B | $1.80B | $1.98B | $2.23B | $2.48B | $2.89B | $2.81B | $3.00B | $3.70B | $4.26B |
| Gross margin | 55.4% | 57.6% | 59.1% | 59.5% | 59.3% | 58.0% | 57.7% | 57.5% | 58.7% | 58.7% |
| Operating income | $633M | $684M | $778M | $946M | $1.05B | $1.22B | $1.03B | $1.09B | $1.59B | $1.88B |
| Operating margin | 20.8% | 21.9% | 23.3% | 25.2% | 25.2% | 24.5% | 21.1% | 20.9% | 25.3% | 25.9% |
| Net income | $518M | $709M | $694M | $952M | $992M | $1.08B | $974M | $1.29B | $1.41B | $1.66B |
| Net margin | 17.0% | 22.7% | 20.7% | 25.3% | 23.7% | 21.7% | 20.0% | 24.7% | 22.4% | 23.0% |
| EPS (diluted) | $2.73 | $3.76 | $3.66 | $4.99 | $5.17 | $5.61 | $5.04 | $6.71 | $7.30 | $8.59 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $706M | $661M | $920M | $699M | $1.14B | $1.01B | $788M | $1.38B | $1.43B | $1.63B |
| Capital expenditures | $91.0M | $140M | $156M | $118M | $185M | $308M | $244M | $194M | $194M | $270M |
| Free cash flow | $615M | $521M | $764M | $581M | $950M | $705M | $544M | $1.18B | $1.24B | $1.36B |
| Share buybacks | $93.2M | $74.5M | — | — | — | — | — | — | — | — |
| Dividends paid | $481M | $383M | $296M | $417M | $451M | $491M | $679M | $559M | $572M | $664M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $847M | $891M | $1.20B | $1.03B | $1.46B | $1.50B | $1.28B | $1.69B | $2.08B | $2.28B |
| Total assets | $4.53B | $4.95B | $5.38B | $6.17B | $7.03B | $7.85B | $7.73B | $8.60B | $9.63B | $11.0B |
| Shareholders' equity | $3.45B | $3.85B | $4.16B | $4.79B | $5.52B | $6.11B | $6.20B | $7.01B | $7.85B | $8.97B |
| Retained earnings | $2.06B | $2.42B | $2.71B | $3.23B | $3.75B | $4.32B | $4.73B | $5.26B | $6.00B | $6.97B |
| Shares (wtd avg diluted) | 189K | 189M | 190M | 191M | 192K | 193K | 193M | 192M | 193M | 194M |
Every figure is extracted from GARMIN LTD’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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