Garmin GRMN Marine — Cost of Goods Sold

Other segment segments

Similar metrics at other companies

SUIMarinas — Operating expenses / Cost of sales

$167.4M-3.6%

WSMCost of merchandise and shipping — Cost of goods sold

$834.03M-8.2%

VMI

VMIProduct — Cost of Goods Sold

$655.52M+5.6%

SUIMarina — Operating expenses / Cost of sales

$173.7M+27.0%

SNProduct — Cost of Sales

$12.81M-53.4%

MTDProducts — Cost of Product and Service Sold

$268.59M+7.5%

Questions, answered.

What is Garmin's marine — cost of goods sold?

Garmin (GRMN) reported marine — cost of goods sold of $157.64M in Q1 2026.

How has Garmin's marine — cost of goods sold changed year-over-year?

Garmin's marine — cost of goods sold increased by 16.3% year-over-year, from $135.51M to $157.64M.

What is the long-term trend for Garmin's marine — cost of goods sold?

Over 3 years (2022 to 2025), Garmin's marine — cost of goods sold has grown at a 8.9% compound annual growth rate (CAGR), from $412.53M to $532.71M.

What does marine — cost of goods sold mean?

The direct costs incurred to manufacture and deliver products within the marine segment.

How do you interpret marine — cost of goods sold?

An increase relative to revenue suggests margin compression due to rising input costs or supply chain inefficiencies.

How does marine — cost of goods sold compare across companies?

Standard cost of revenue metric; comparable to COGS in manufacturing and consumer electronics sectors.