When did Garmin report Q4 2024 earnings?

Garmin (GRMN) reported Q4 2024 earnings on February 19, 2025 before market open.

What were Garmin's Q4 2024 revenue and EPS?

Garmin reported revenue of $1.8B and diluted EPS of $2.41 for Q4 2024.

Did Garmin beat estimates in Q4 2024?

Revenue beat the consensus estimate of $1.7B by $123.8M. EPS beat the consensus estimate of $1.90 by $0.51.

Where can I find Garmin's Q4 2024 SEC filings?

You can read the 10-K periodic report (0000950170-25-022760) directly on SEC EDGAR. The filing index links above go to sec.gov.

Garmin GRMN Q4 2024 Annual earnings

Reported February 19, 2025 · Before market open

Revenue$1.8BBeat by $123.8M Diluted EPS$2.41Beat by $0.51

Revenue estimate$1.7B

EPS estimate$1.90

Next report

Jul 29, 2026 (In 1 week)

Revenue estimate$1.9B

EPS estimate$2.27

Financials

Q4 2024

Income statement

See full

Revenue$1.8B+22.9%

Gross profit$1.1B+25.0%

Operating income$516.1M+51.6%

Net income$435.7M-19.6%

EPS (diluted)$2.24-20.3%

Balance sheet

See full

Cash & equivalents$2.1B+22.8%

Total debt$162.8M+15.6%

Total equity$7.8B+11.9%

Total assets$9.6B+11.9%

Cash flow

See full

Operating cash flow$483.9M+3.9%

CapEx$84.7M+74.1%

Free cash flow$399.2M-4.3%

Valuation & ratios

Valuation

as of 12/28/24

See full

Market cap$39.61B+61.0%

Enterprise value$37.69B+63.6%

P/E28.1×+9.0×

P/S6.3×+1.6×

Profitability

See full

Gross margin58.7%+1.2pp

Operating margin25.3%+4.4pp

Net margin22.4%-2.3pp

FCF margin19.7%-2.9pp

Returns & leverage

See full

Return on equity19%-0.5pp

Debt / equity0×0.0×

Current ratio3.5×+0.1×

Segments

By segment

See full

Outdoor$629.4M+29.4%

Fitness$539.3M+30.9%

Marine$251.3M+4.7%

Aviation$236.9M+9.1%

Auto Oem$165.7M+30.5%

Versus estimates

Revenue

Q1 2026$1.8BBeat by $29.4M Q4 2025$2.1BBeat by $106.7M Q3 2025$1.8BMiss by $10.8M Q2 2025$1.8BBeat by $113.8M Q1 2025$1.5BBeat by $10.6M

Q4 2024$1.8BBeat by $123.8M

Diluted EPS

Q1 2026$2.08Beat by $0.24 Q4 2025$2.79Beat by $0.39 Q3 2025$1.99In line Q2 2025$2.17Beat by $0.27 Q1 2025$1.61Miss by $0.06

Q4 2024$2.41Beat by $0.51

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Questions, answered.

When did Garmin report Q4 2024 earnings?: Garmin (GRMN) reported Q4 2024 earnings on February 19, 2025 before market open.
What were Garmin's Q4 2024 revenue and EPS?: Garmin reported revenue of $1.8B and diluted EPS of $2.41 for Q4 2024.
Did Garmin beat estimates in Q4 2024?: Revenue beat the consensus estimate of $1.7B by $123.8M. EPS beat the consensus estimate of $1.90 by $0.51.
Where can I find Garmin's Q4 2024 SEC filings?: You can read the 10-K periodic report (0000950170-25-022760) directly on SEC EDGAR. The filing index links above go to sec.gov.