Garmin (BUE:GRMN) Revenue : ARS1,525,919 Mil (TTM As of Dec. 2023)

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What is Garmin Revenue?

Garmin's revenue for the three months ended in Dec. 2023 was ARS535,183 Mil. Its revenue for the trailing twelve months (TTM) ended in Dec. 2023 was ARS1,525,919 Mil. Garmin's Revenue per Share for the three months ended in Dec. 2023 was ARS2,774.18. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was ARS7,940.04.

Good Sign:

Garmin Ltd has shown predictable revenue and earnings growth.

During the past 12 months, the average Revenue per Share Growth Rate of Garmin was 8.10% per year. During the past 3 years, the average Revenue per Share Growth Rate was 7.70% per year. During the past 5 years, the average Revenue per Share Growth Rate was 9.20% per year. During the past 10 years, the average Revenue per Share Growth Rate was 7.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.

During the past 13 years, Garmin's highest 3-Year average Revenue per Share Growth Rate was 60.40% per year. The lowest was -5.10% per year. And the median was 8.15% per year.

Garmin Revenue Historical Data

The historical data trend for Garmin's Revenue 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.

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Garmin Revenue Chart

Garmin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Revenue

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224,599.60

340,703.30

503,212.46

814,826.93

1,887,398.97

Garmin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Revenue	Get a 7-Day Free Trial															219,010.41	226,673.62	316,990.80	447,071.99	535,182.86

Competitive Comparison of Garmin's Revenue

For the Scientific & Technical Instruments subindustry, Garmin's Revenue, along with its competitors' market caps and Revenue 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's Revenue Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Garmin's Revenue distribution charts can be found below:

* The bar in red indicates where Garmin's Revenue falls into.

Garmin Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue 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 ARS1,525,919 Mil.

Garmin (BUE:GRMN) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:

Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.

Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.

Garmin Revenue Related Terms

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

Garmin (BUE:GRMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Garmin Ltd (BUE:GRMN) » Definitions » Revenue

Comparable Companies

Traded in Other Exchanges

GRMN:USA GRMN:Mexico G1RM34:Brazil

Address

Muhlentalstrasse 2, Schaffhausen, CHE, 8200

Website

https://www.garmin.com

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.