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Garmin GRMN EBITDA margin

EBITDA margin at other companies

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15.9%+0.8pp
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35.4%+0.8pp
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33.3%+12.4pp
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29.4%+1.7pp

Other financials

Income statement

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Revenue$2.0B+11.4%
Gross profit$1.3B+18.3%
Operating income$615.5M+30.3%
Net income$541.9M+35.2%
EPS (diluted)$2.80+35.3%

Balance sheet

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Cash & equivalents$2.3B+12.6%
Total debt$178.0M+19.7%
Total equity$9.0B+11.1%
Total assets$11.4B+10.7%

Cash flow

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Operating cash flow$403.6M+133%
CapEx$127.8M+180%
Free cash flow$275.8M+116%

Valuation

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Market cap$58.35B+31.7%
Enterprise value$56.19B+32.6%
P/E31.1×+2.8×
P/S7.6×+1.1×

Profitability

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Gross margin60.1%+1.1pp
Operating margin27.6%+1.6pp
Net margin24.5%+1.3pp
FCF margin20.9%+4.2pp

Returns & leverage

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Return on equity21.9%+1.2pp
Debt / equity0.0×
Current ratio0.0×

Where this comes from

Calculated from Garmin’s reported figures.

Based on trailing twelve months.

The source filing: Garmin’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 7:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-322114

FAQ

What is Garmin's EBITDA margin?
Garmin (GRMN) reported EBITDA margin of 29.7% in Q2 2026.
How has Garmin's EBITDA margin changed year-over-year?
Garmin's EBITDA margin increased by 5.1% year-over-year, from 28.2% to 29.7%.
What is the long-term trend for Garmin's EBITDA margin?
Over 5 years (2020 to 2025), Garmin's EBITDA margin has grown at a 0.7% compound annual growth rate (CAGR), from 27% to 28%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

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