Gross Profit Trends Compared: International Business Machines Corporation vs Garmin Ltd.

IBM vs. Garmin: A Decade of Diverging Profits

__timestampGarmin Ltd.International Business Machines Corporation
Wednesday, January 1, 2014160441200046407000000
Thursday, January 1, 2015153870400040684000000
Friday, January 1, 2016167957000038516000000
Sunday, January 1, 2017178316400036943000000
Monday, January 1, 2018197971900036936000000
Tuesday, January 1, 2019223397600031533000000
Wednesday, January 1, 2020248133600030865000000
Friday, January 1, 2021289045900031486000000
Saturday, January 1, 2022280677500032687000000
Sunday, January 1, 2023300495500034300000000
Monday, January 1, 2024369655500035551000000
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Unleashing insights

Gross Profit Trends: IBM vs. Garmin

In the ever-evolving landscape of technology and innovation, the financial performance of industry giants like International Business Machines Corporation (IBM) and Garmin Ltd. offers a fascinating glimpse into their strategic trajectories. Over the past decade, IBM's gross profit has shown a steady decline, dropping from a peak in 2014 to a more modest figure in 2023. This represents a decrease of approximately 26% over the period, reflecting the company's ongoing transformation and adaptation to new market demands.

Conversely, Garmin Ltd. has experienced a robust upward trend, with its gross profit nearly doubling from 2014 to 2023. This impressive growth underscores Garmin's successful expansion into new product lines and markets. The data for 2024 is incomplete, but the trends suggest continued divergence in the financial fortunes of these two tech titans. As the industry continues to evolve, these trends highlight the dynamic nature of competition and innovation.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025