Garmin Ltd (GRMN)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,695,400 | 1,200,360 | 1,064,970 | 1,206,800 | 1,103,410 |
| Revenue | US$ in thousands | 6,281,210 | 5,254,470 | 4,851,100 | 4,937,230 | 4,191,200 |
| Pretax margin | 26.99% | 22.84% | 21.95% | 24.44% | 26.33% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,695,400K ÷ $6,281,210K
= 26.99%
Garmin Ltd's pretax margin has shown fluctuations over the past five years. In 2020, the pretax margin stood at 26.33%, which decreased to 24.44% in 2021. There was a further decline in 2022 to 21.95%. However, there was a slight improvement in 2023, with the pretax margin increasing to 22.84%. The most recent data for 2024 shows a notable increase in the pretax margin to 26.99%.
Overall, the trend in Garmin Ltd's pretax margin indicates some variability, with a mix of increases and decreases over the years. It is important for stakeholders to monitor the company's financial performance closely to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2024