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Garmin GRMN Q1 2025 earnings

Reported April 30, 2025 · Before market open

Revenue$1.5BBeat by $10.6M
EPS$1.61Miss by $0.06
Revenue estimate$1.5B
EPS estimate$1.67

Next report

Oct 28, 2026 (In 3 weeks)
Revenue estimate$2.0B
EPS estimate$2.39

Financials

Q1 2025

Income statement

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Revenue$1.5B+11.1%
Gross profit$884.5M+10.3%
Operating income$332.8M+11.5%
Net income$332.8M+20.6%
EPS (diluted)$1.72+20.3%

Balance sheet

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Cash & equivalents$2.2B+13.2%
Total debt$140.2M+32.5%
Total equity$8.2B+12.9%
Total assets$9.8B+13.4%

Cash flow

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Operating cash flow$420.8M-3.3%
CapEx$40.1M+20.8%
Free cash flow$380.7M-5.3%

Valuation & ratios

Valuation

as of 03/29/25
See full
Market cap$41.78B+46.3%
Enterprise value$39.74B+48.7%
P/E28.5×+7.5×
P/S6.5×+1.3×

Profitability

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Gross margin58.6%+0.8pp
Operating margin25.2%+3.4pp
Net margin22.8%-2.2pp
FCF margin18.9%-5.9pp

Returns & leverage

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Return on equity19%-0.9pp
Debt / equity0×0.0×
Current ratio4.1×+0.1×

Segments

By segment

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Outdoor$438.5M+19.7%
Fitness$384.7M+12.2%
Marine$319.4M-2.2%
Aviation$223.1M+2.9%
Auto Oem$169.3M+31.3%

By geography

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Americas$745.7M+4.1%
EMEA$569.0M+22.8%
Asia Pacific$220.4M+9.0%

FAQ

When did Garmin report Q1 2025 earnings?
Garmin (GRMN) reported Q1 2025 earnings on April 30, 2025 before market open.
What were Garmin's Q1 2025 revenue and EPS?
Garmin reported revenue of $1.5B and eps of $1.61 for Q1 2025.
Did Garmin beat estimates in Q1 2025?
Revenue beat the consensus estimate of $1.5B by $10.6M. EPS missed the consensus estimate of $1.67 by $0.06.
How did Garmin's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.1% from $1.4B a year earlier and eps grew 13.4% from $1.42.
Where can I find Garmin's Q1 2025 SEC filings?
You can read the 8-K/A earnings release (0000950170-25-061231) and the 10-Q periodic report (0000950170-25-060555) directly on SEC EDGAR. The filing index links above go to sec.gov.