Garmin Q4 FY24: where the revenue came from and where it went
The whole income statement of Garmin for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Sep 29 – Dec 28, 2024
- Reported
- Feb 19, 2025
Revenue$1.82B
+0% year over year
Gross profit$1.08B
59% margin
Operating profit$0.52B
28% margin
Net profit$0.44B
24% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.82 | 100% | +0% |
| At point in time | 1.74 | 95% | +24% |
| Transferred over time | 0.09 | 5% | +12% |
| Cost of revenue | −0.74 | 41% | |
| Gross profit | 1.08 | 59% margin | +0pp |
| R&D | −0.26 | 14% | +0pp |
| SG&A | −0.31 | 17% | +0pp |
| Operating profit | 0.52 | 28% margin | +0pp |
| Tax | −0.08 | ||
| Net profit | 0.44 | 24% margin | +0pp |
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