FINHUB Insights

GRMN · Q4 FY24 · Sep 29 – Dec 28, 2024

Garmin Q4 FY24: where the revenue came from and where it went

Garmin Q4 FY24: revenue $1.8B (+0% year over year). Net profit $0.4B. Largest cohort Transferred At Point in Time $1.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Sep 29 – Dec 28, 2024
Reported
Feb 19, 2025 10-K
Sankey diagram of Garmin's income statement for Q4 FY24: revenue of $1.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.8B +0% year over year
Gross profit$1.1B 59% margin
Operating profit$0.5B 28% margin
Net profit$0.4B 24% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Dec 28, 2024).
ItemValueShare of revenueYear over year
Revenue 1.8 100% +0%
Transferred At Point in Time 1.7 94% +24%
Transferred Over Time 0.1 6% +12%
Cost of revenue−0.739%
Gross profit1.159% margin+0pp
Research & development−0.314%+0pp
SG&A−0.317%+0pp
Operating profit0.528% margin+0pp
Tax−0.1
Net profit0.424%+0pp
Filing on EDGAR More quarters of GRMN

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

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