Company / Net Income
Garmin Net Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
$1.7B
FY2025
5-year range
$973.6M / $1.7B
FY2021-FY2025
Trend
+17.9%
vs FY2024
Sector context
#22 of 222
Consumer Discretionary
What the data says
Among 222 Consumer Discretionary companies, Garmin is in the top 10% for net income. Net Income has increased for 3 consecutive years, from $974M in FY2022 to $1.7B in FY2025.
Based on SEC 10-K filings.
$1.7B in FY2025 with a 5-year CAGR of +10.9%. Top quartile in the Consumer Discretionary sector.
Improved from $1.3B to $1.7B over the past 2 years.
Consumer Discretionary sector context is included.
Net Income over time
Growth rates
- 3-Year CAGR
- +19.6%
- 5-Year CAGR
- +10.9%
- 10-Year CAGR
- -
Sector benchmark
Top 10% in Consumer DiscretionaryTop 10% of 222This company $1.7B Sector average $831.8M
▼
+100.0% above sector average
Key checks
Key Insights
- Garmin's net income has grown for 3 consecutive years.
- 5-year CAGR of +10.9%, indicating consistent growth.
- In FY2025, net income increased 17.9% year-over-year.
- Ranks #22 out of 222 companies in the Consumer Discretionary sector.
Company context
Key Data Points
- Altman Z-Score 3.88 (safe zone, above 2.9 threshold)
- Strong profit margin: 22.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.7B | +17.9% |
| FY2024 | $1.4B | +9.4% |
| FY2023 | $1.3B | +32.5% |
| FY2022 | $973.6M | -10.0% |
| FY2021 | $1.1B | +9.1% |
| FY2020 | $992.3M | +4.2% |
| FY2019 | $952.5M | +37.2% |
| FY2018 | $694.1M | -2.1% |
| FY2017 | $709.0M | +36.9% |
| FY2016 | $517.7M | +13.5% |
As of FY2025 · SEC 10-K · Updated Mar 8, 2026