Garmin Ltd. (GRMN) Retained Earnings
The retained earnings for Garmin Ltd. (GRMN) is $6.97 Billion with a year-over-year change of +16.19%. Retained earnings represent the cumulative net income that has been kept by the company rather than distributed to shareholders as dividends. It's a key component of shareholders' equity.
GRMN Retained Earnings Chart
Current Retained Earnings
$6.97B
$6.97 Billion
Year-over-Year Change
+16.19%
vs. $6.00B prior year
Historical Data
27
Years of data available
Annual Retained Earnings History
| Year | Retained Earnings | YoY Change | % Change |
|---|---|---|---|
| 2025 | $6.97B | +$971.00M | +16.19% |
| 2024 | $6.00B | +$735.65M | +13.98% |
| 2023 | $5.26B | +$530.01M | +11.20% |
| 2022 | $4.73B | +$412.78M | +9.55% |
| 2021 | $4.32B | +$566.37M | +15.09% |
| 2020 | $3.75B | +$525.31M | +16.27% |
| 2019 | $3.23B | +$518.44M | +19.13% |
| 2018 | $2.71B | +$341.75M | +14.43% |
| 2017 | $2.37B | +$312.17M | +15.18% |
| 2016 | $2.06B | +$126.19M | +6.54% |
| 2015 | $1.93B | +$70.55M | +3.79% |
| 2014 | $1.86B | $-5.62M | -0.30% |
| 2013 | $1.87B | +$260.96M | +16.26% |
| 2012 | $1.60B | +$191.04M | +13.51% |
| 2011 | $1.41B | +$148.97M | +11.78% |
| 2010 | $1.26B | $-1.55B | -55.10% |
| 2009 | $2.82B | +$554.10M | +24.49% |
| 2008 | $2.26B | +$91.37M | +4.21% |
| 2007 | $2.17B | +$692.48M | +46.83% |
| 2006 | $1.48B | +$406.20M | +37.88% |
| 2005 | $1.07B | +$257.25M | +31.56% |
| 2004 | $815.21M | +$151.60M | +22.85% |
| 2003 | $663.60M | +$155.72M | +30.66% |
| 2002 | $507.88M | +$142.80M | +39.11% |
| 2001 | $365.09M | +$111.95M | +44.22% |
| 2000 | $253.14M | +$76.71M | +43.48% |
| 1999 | $176.43M | — | — |
Related Metrics
About Garmin Ltd.
Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Clifton Albert Pemble