0001193125-26-056028
SEC filingGarmin Ltd. reported strong financial performance for fiscal year 2025, with net sales of $7.25 billion and net income of $1.66 billion. The company generated a gross profit of $4.26 billion, representing a gross margin of 58.8%, and achieved operating income of $1.88 billion. Operating cash flow was robust at $1.63 billion, supporting significant capital returns to shareholders through $663.9 million in dividends and $181.0 million in share repurchases. The balance sheet remains healthy with total assets of $10.99 billion, including $2.28 billion in cash and cash equivalents, and stockholders' equity of $8.97 billion. The company maintained strong profitability metrics with basic and diluted earnings per share of $9.00.
Garmin Ltd. delivered solid financial results for fiscal year 2025, reporting net sales of $7.25 billion and net income of $1.66 billion. The company achieved operating income of $1.88 billion with operating cash flow of $1.63 billion. Basic and diluted earnings per share were $9.00. The balance sheet shows total assets of $10.99 billion, including $2.28 billion in cash and cash equivalents, and stockholders' equity of $8.97 billion. The company returned significant capital to shareholders through $663.9 million in dividends and $181.0 million in share repurchases.
The filing does not provide segment breakdown or geographic mix data for revenue analysis. The consolidated net sales figure of $7.25 billion represents the total revenue across all business activities. No specific growth drivers or segment performance details are disclosed in the provided financial data.
Garmin maintained strong profitability with gross profit of $4.26 billion, representing a gross margin of 58.8%. Operating income was $1.88 billion, resulting in an operating margin of 25.9%. The cost structure included cost of goods sold of $2.99 billion, research and development expense of $1.13 billion, and selling, general and administrative expenses of $1.25 billion. Total operating expenses were $2.38 billion.
Operating activities generated $1.63 billion in cash, while investing activities used $645.2 million primarily for purchases of property and equipment ($270.4 million) and marketable securities ($839.9 million). Financing activities used $844.1 million mainly for dividends ($663.9 million) and share repurchases ($181.0 million). Free cash flow, calculated as operating cash flow minus capital expenditures, was $1.36 billion. The balance sheet shows total current assets of $6.25 billion and total current liabilities of $1.72 billion, indicating strong liquidity.
The filing does not provide management guidance, strategic priorities, or specific risk factors in the provided content. No forward-looking statements or outlook information is included in the financial data presented.