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Garmin (Garmin) Pre-Tax Income

: $1,200 Mil (TTM As of Dec. 2023)
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Pretax income is the income that a company earns before paying income taxes. Garmin's pretax income for the three months ended in Dec. 2023 was $383 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $1,200 Mil. Garmin's pretax margin was 25.84%.

During the past 13 years, Garmin's highest Pretax Margin was 26.36%. The lowest was 20.11%. And the median was 23.59%.


Garmin Pre-Tax Income Historical Data

The historical data trend for Garmin's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Garmin Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 987.22 1,103.41 1,206.80 1,064.97 1,200.36

Garmin Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pre-Tax Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 329.88 221.77 315.98 279.57 383.04

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Garmin's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Garmin Pre-Tax Income Distribution

For the Hardware industry and Technology sector, Garmin's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Garmin's Pre-Tax Income falls into.



Garmin Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Garmin's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=1092.16+30.894+0+77.302+0
=1,200

Garmin's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=340.454+19.742+0+22.841+-5.6843418860808E-14
=383

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,200 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Garmin  (NYSE:GRMN) Pre-Tax Income Explanation

Garmin's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pretax Income/Revenue
=383.037/1482.501
=25.84%

During the past 13 years, Garmin's highest Pretax Margin was 26.36%. The lowest was 20.11%. And the median was 23.59%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Garmin Pre-Tax Income Related Terms

Thank you for viewing the detailed overview of Garmin's Pre-Tax Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Garmin (Garmin) Business Description

Traded in Other Exchanges
Address
Muhlentalstrasse 2, Schaffhausen, CHE, 8200
Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.
Executives
Clifton A Pemble director, officer: President and CEO
Cheng-wei Wang officer: General Manager - Garmin Corp. NO. 68, ZHANGSHU 2ND ROAD, XIZHI DISTRICT, NEW TAIPEI CITY F5 221
Sean Biddlecombe officer: General Manager, Garmin Europe LIBERTY HOUSE, HOUNSDOWN BUSINESS PARK, SOUTHAMPTON X0 SO40 9LR
Douglas G. Boessen officer: CFO and Treasurer 3231 S.E. SIXTH AVENUE, TOPEKA KS 66607
Patrick Desbois officer: Vice President, Operations 1200 EAST 151ST STREET, OLATHE KS 66062
Matthew Munn officer: VP, Man. Director - Auto OEM 28001 CABOT DRIVE, SUITE 100, NOVI MI 48377
Philip Straub officer: VP, Man. Director - Aviation 1200 EAST 151ST STREET, OLATHE KS 66062
Jonathan Burrell 10 percent owner 6300 WEST 143RD STREET, OVERLAND PARK KS 66223
Joseph J Hartnett director 425 NORTH MARTINGALE ROAD, SUITE 1000, SCHAUMBURG IL 60173
Min H Kao director, 10 percent owner, officer: Chairman and CEO 1200 E. 151ST ST., OLATHE KS 66062
Catherine A. Lewis director 325 NE NORTHGATE CROSSING, LEE'S SUMMIT MO 64064
Pao-chang Huang officer: General Manager - Garmin Corp. NO. 68, JANGSHU 2ND ROAD, SIJHIH, TAPEI F5 ROC
Danny J Bartel officer: Vice President,Worldwide Sales 1200 EAST 151ST STREET, OLATHE KS 66062
Donald Eller director
Andrew R Etkind officer: General Counsel and Secretary 1200 E 151 ST ST, OLATHE KS 66062

Garmin (Garmin) Headlines

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