Garmin Research and Development Expenses 2010-2024 | GRMN
Garmin annual/quarterly research and development expenses history and growth rate from 2010 to 2024. Research and development expenses can be defined as an expense arising from studies and product development processes.
- Garmin research and development expenses for the quarter ending March 31, 2024 were $0.243B, a 9.5% increase year-over-year.
- Garmin research and development expenses for the twelve months ending March 31, 2024 were $0.926B, a 9.24% increase year-over-year.
- Garmin annual research and development expenses for 2023 were $0.905B, a 8.36% increase from 2022.
- Garmin annual research and development expenses for 2022 were $0.835B, a 7.21% increase from 2021.
- Garmin annual research and development expenses for 2021 were $0.779B, a 19.38% increase from 2020.
| Garmin Annual Research and Development Expenses (Millions of US $) |
|
|---|---|
| 2023 | $905 |
| 2022 | $835 |
| 2021 | $779 |
| 2020 | $652 |
| 2019 | $605 |
| 2018 | $568 |
| 2017 | $512 |
| 2016 | $468 |
| 2015 | $427 |
| 2014 | $395 |
| 2013 | $365 |
| 2012 | $326 |
| 2011 | $299 |
| 2010 | $277 |
| 2009 | $238 |
| Garmin Quarterly Research and Development Expenses (Millions of US $) |
|
|---|---|
| 2024-03-31 | $243 |
| 2023-12-31 | $237 |
| 2023-09-30 | $222 |
| 2023-06-30 | $224 |
| 2023-03-31 | $221 |
| 2022-12-31 | $216 |
| 2022-09-30 | $209 |
| 2022-06-30 | $202 |
| 2022-03-31 | $209 |
| 2021-12-31 | $205 |
| 2021-09-30 | $199 |
| 2021-06-30 | $186 |
| 2021-03-31 | $189 |
| 2020-12-31 | $146 |
| 2020-09-30 | $175 |
| 2020-06-30 | $166 |
| 2020-03-31 | $165 |
| 2019-12-31 | $162 |
| 2019-09-30 | $149 |
| 2019-06-30 | $149 |
| 2019-03-31 | $146 |
| 2018-12-31 | $145 |
| 2018-09-30 | $139 |
| 2018-06-30 | $142 |
| 2018-03-31 | $142 |
| 2017-12-31 | $133 |
| 2017-09-30 | $130 |
| 2017-06-30 | $127 |
| 2017-03-31 | $122 |
| 2016-12-31 | $129 |
| 2016-09-30 | $116 |
| 2016-06-30 | $114 |
| 2016-03-31 | $108 |
| 2015-12-31 | $106 |
| 2015-09-30 | $106 |
| 2015-06-30 | $109 |
| 2015-03-31 | $106 |
| 2014-12-31 | $102 |
| 2014-09-30 | $99 |
| 2014-06-30 | $98 |
| 2014-03-31 | $96 |
| 2013-12-31 | $93 |
| 2013-09-30 | $88 |
| 2013-06-30 | $96 |
| 2013-03-31 | $88 |
| 2012-12-31 | $83 |
| 2012-09-30 | $82 |
| 2012-06-30 | $80 |
| 2012-03-31 | $80 |
| 2011-12-31 | $85 |
| 2011-09-30 | $73 |
| 2011-06-30 | $71 |
| 2011-03-31 | $70 |
| 2010-12-31 | $72 |
| 2010-09-30 | $70 |
| 2010-06-30 | $73 |
| 2010-03-31 | $62 |
| 2009-12-31 | $72 |
| 2009-09-30 | $56 |
| 2009-06-30 | $56 |
| 2009-03-31 | $55 |
| Sector | Industry | Market Cap | Revenue |
|---|---|---|---|
| Computer and Technology | Electrical Products - Miscellaneous | $31.264B | $5.228B |
| Garmin, Ltd. is an original equipment manufacturer of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology. The company's diverse portfolio of handheld, portable and fixed-mount GPS-enabled devices provides geographical location and navigation data using the GPS satellite system. The company reports operations under five segments: Outdoor, Fitness, Marine, Auto and Aviation. | |||
| Stock Name | Country | Market Cap | PE Ratio |
|---|---|---|---|
| KLA (KLAC) | United States | $103.690B | 34.14 |
| Carrier Global (CARR) | United States | $57.070B | 22.38 |
| Hoya (HOCPY) | Japan | $41.922B | 35.44 |
| Flex (FLEX) | Singapore | $13.567B | 15.08 |
| Trimble (TRMB) | United States | $13.554B | 26.18 |
| TD SYNNEX (SNX) | United States | $11.590B | 11.94 |
| ZEEKR Intelligent Technology Holding (ZK) | $6.100B | 0.00 | |
| Brother Industries (BRTHY) | Japan | $4.793B | 16.10 |
| Spectris (SEPJY) | United Kingdom | $3.542B | 0.00 |
| Hayward Holdings (HAYW) | United States | $3.083B | 26.57 |
| SiTime (SITM) | United States | $2.887B | 0.00 |
| Casio Computer (CSIOY) | Japan | $1.761B | 19.93 |
| Sigma Lithium (SGML) | Brazil | $1.719B | 0.00 |
| Bel Fuse (BELFA) | United States | $1.052B | 13.99 |
| Bel Fuse (BELFB) | United States | $0.869B | 11.23 |
| Preformed Line Products (PLPC) | United States | $0.648B | 12.75 |
| Kimball Electronics (KE) | United States | $0.568B | 12.27 |
| Daktronics (DAKT) | United States | $0.507B | 8.13 |
| Lilium (LILM) | Germany | $0.471B | 0.00 |
| SES AI (SES) | United States | $0.464B | 0.00 |
| Eastman Kodak (KODK) | United States | $0.422B | 5.38 |
| Star Group (SGU) | United States | $0.388B | 16.67 |
| Wallbox (WBX) | Spain | $0.263B | 0.00 |
| Mistras Group Inc (MG) | United States | $0.263B | 21.20 |
| NOVONIX (NVX) | Australia | $0.235B | 0.00 |
| Solidion Technology (STI) | United States | $0.195B | 0.00 |
| Universal Electronics (UEIC) | United States | $0.147B | 0.00 |
| ESS Tech (GWH) | United States | $0.131B | 0.00 |
| Global Partner Acquisition Corp II (GPAC) | United States | $0.106B | 0.00 |
| Electrovaya (ELVA) | Canada | $0.097B | 0.00 |
| Li-Cycle Holdings (LICY) | $0.096B | 0.00 | |
| Kopin (KOPN) | United States | $0.094B | 0.00 |
| Exro Technologies (EXROF) | Canada | $0.083B | 0.00 |
| VOXX (VOXX) | United States | $0.082B | 0.00 |
| American Battery Technology (ABAT) | United States | $0.079B | 0.00 |
| AuthID (AUID) | United States | $0.074B | 0.00 |
| Research Frontiers (REFR) | United States | $0.071B | 0.00 |
| Spruce Power Holding (SPRU) | United States | $0.063B | 0.00 |
| Dragonfly Energy Holdings (DFLI) | United States | $0.057B | 0.00 |
| Flux Power Holdings (FLUX) | United States | $0.051B | 0.00 |
| One Stop Systems (OSS) | United States | $0.046B | 0.00 |
| Key Tronic (KTCC) | United States | $0.045B | 209.50 |
| SigmaTron (SGMA) | United States | $0.029B | 4.63 |
| CCSC Technology Holdings (CCTG) | Hong Kong, SAR China | $0.025B | 0.00 |
| Greenland Technologies Holding (GTEC) | United States | $0.019B | 0.00 |
| ZOOZ Power (ZOOZ) | United States | $0.016B | 0.00 |
| Expion360 (XPON) | United States | $0.013B | 0.00 |
| Erayak Power Solution Group (RAYA) | China | $0.011B | 0.00 |
| Spectaire Holdings (SPEC) | United States | $0.007B | 0.00 |
| Ostin Technology Group (OST) | China | $0.006B | 0.00 |
| BIO-key (BKYI) | United States | $0.001B | 0.00 |
| Allego (ALLG) | Netherlands | $0.000B | 0.00 |