GARMIN LTDGRMN

Market cap

$37B

P/E ratio

	Dec 25, 2010	Dec 31, 2011	Dec 29, 2012	Dec 28, 2013	Dec 27, 2014	Dec 26, 2015	Dec 31, 2016	Dec 30, 2017	Dec 29, 2018	Dec 28, 2019	Dec 26, 2020	Dec 25, 2021	Dec 31, 2022	Dec 30, 2023	Dec 28, 2024
Net sales	-	-	-	-	-	-	-	-	-	3,758	4,187	4,983	4,860	5,228	6,297
Cost of goods sold	1,344	-	-	-	-	1,282	1,339	1,304	1,368	1,524	1,705	2,092	2,054	2,223	2,600
Gross profit	1,346	1,339	1,438	1,407	1,604	1,539	1,680	1,783	1,980	2,234	2,481	2,890	2,807	3,005	3,697
Research and development expense	277	299	326	365	395	427	468	512	568	605	706	840	835	905	994
Selling, General and Administrative Expense	288	341	370	355	372	395	411	438	478	519	570	660	776	835	1,109
Total operating expense	710	785	834	833	914	989	1,056	1,114	1,201	1,288	1,427	1,672	1,779	1,913	2,103
Operating income	637	554	604	574	691	550	624	669	778	946	1,054	1,219	1,028	1,092	1,594
Interest income	-	-	-	-	-	-	-	-	-	53	37	29	41	77	114
Foreign currency (losses) gains	-88	-12	-20	36	-4	-23	-32	-23	-8	-	3	-45	-11	26	-21
Other income	-	10	5	9	2	-	-	-	-	6	9	5	8	4	8
Total other income (expense)	-59	30	20	80	33	18	6	13	45	42	49	-12	37	108	101
Income before income taxes	-	-	-	-	-	567	630	682	823	-	-	1,207	1,065	1,200	1,695
Current	-12	111	114	28	274	114	118	79	93	123	104	130	234	250	374
Deferred	-	-47	-32	13	85	-3	1	-92	36	-88	7	-5	-142	-340	-90
Total income tax provision (benefit)	-7	63	82	41	360	111	119	-13	129	35	111	125	91	-89	284
Net income	585	521	542	612	364	456	511	695	694	952	992	1,082	974	1,290	1,411
Earnings Per Share, Basic	2.97	2.68	2.78	3.13	1.89	2.39	2.71	3.7	3.68	5.01	5.19	5.63	5.06	6.74	7.35
Earnings Per Share, Diluted	2.95	2.67	2.76	3.12	1.88	2.39	2.7	3.68	3.66	4.99	5.17	5.61	5.04	6.71	7.3