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Garmin GRMN EBITDA margin

EBITDA margin at other companies

Raytheon Technologies logo
Raytheon TechnologiesRTX
15.7%+2.2pp
Apple logo
AppleAAPL
35.4%+0.8pp
Honeywell International logo
Honeywell InternationalHON
18.5%-3.0pp
Teledyne Technologies logo
Teledyne TechnologiesTDY
24.5%+1.5pp
Nike logo
NikeNKE
7.8%-4.9pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
Operating income$431.7M+29.7%
Net income$405.1M+21.7%
EPS (diluted)$2.09+21.5%

Balance sheet

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Cash & equivalents$2.3B+5.3%
Total debt$167.6M+19.5%
Total equity$9.3B+13.3%
Total assets$11.0B+11.9%

Cash flow

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Operating cash flow$536.0M+27.4%
CapEx$66.6M+66.3%
Free cash flow$469.4M+23.3%

Valuation

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Market cap$45.17B+6.9%
Enterprise value$43.04B+7.0%
P/E26×-2.8×
P/S6.1×-0.5×

Profitability

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Gross margin59.1%+0.6pp
Operating margin26.5%+1.2pp
Net margin23.3%+0.5pp
FCF margin19.4%+0.6pp

Returns & leverage

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Return on equity19.9%+0.9pp
Debt / equity0.0×
Current ratio4.4×+0.3×

Where this comes from

Calculated from Garmin’s reported figures.

Based on trailing twelve months.

The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's EBITDA margin?
Garmin (GRMN) reported EBITDA margin of 28.5% in Q1 2026.
How has Garmin's EBITDA margin changed year-over-year?
Garmin's EBITDA margin increased by 3.9% year-over-year, from 27.5% to 28.5%.
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?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.