What is Garmin's marine — gross profit?

Garmin (GRMN) reported marine — gross profit of $208.96M in Q2 2026.

How has Garmin's marine — gross profit changed year-over-year?

Garmin's marine — gross profit increased by 27.2% year-over-year, from $164.34M to $208.96M.

What is the long-term trend for Garmin's marine — gross profit?

Over 4 years (2021 to 2025), Garmin's marine — gross profit has grown at a 7.0% compound annual growth rate (CAGR), from $495.31M to $649.91M.

What does marine — gross profit mean?

Gross profit represents the residual earnings after deducting the direct costs of manufacturing and service delivery from the marine segment's total revenue. It serves as a primary indicator of the segment's production efficiency and pricing power.

Garmin (GRMN) Marine — Gross Profit

Screener

Other segment segments

Fitness

$480.72M+31.8%

Outdoor

$332.32M+2.4%

Aviation

$201.97M+8.9%

Auto Oem

$38.05M+35.4%

Similar metrics at other companies

CIXMarine Components — Gross Profit

$3.23M+2.0%

AINMachine Clothing — Gross Profit

$75.06M-6.1%

MOHMedical margin — Gross Profit

$804M-22.6%

MOHService margin — Gross Profit

$2M-33.3%

CODAMarine Technology Business Products — Gross Profit

$2.19M-16.8%

ORNHeavy Civil Marine Construction — Gross Profit

$15.18M-24.6%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$403.6M+133%

CapEx$127.8M+180%

Free cash flow$275.8M+116%

Valuation

See full

Market cap$58.35B+31.7%

Enterprise value$56.19B+32.6%

P/E31.1×+2.8×

P/S7.6×+1.1×

Profitability

See full

Gross margin60.1%+1.1pp

Operating margin27.6%+1.6pp

Net margin24.5%+1.3pp

FCF margin20.9%+4.2pp

Returns & leverage

See full

Return on equity21.9%+1.2pp

Debt / equity0×0.0×

Current ratio3×0.0×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

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

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

13-Weeks Ended June 27, 2026	Fitness	Outdoor	Aviation	Marine	Auto OEM	Total
Net sales	$756,823	$482,740	$268,749	$341,369	$172,411	$2,022,092
Cost of goods sold	276,100	150,421	66,778	132,405	134,366	760,070
Gross profit	480,723	332,319	201,971	208,964	38,045	1,262,022
Research and development expense	64,361	74,198	91,290	51,089	23,002	303,940
Selling, general and administrative expenses	139,323	94,538	38,515	58,027	12,171	342,574
Operating income (loss)	$277,039	$163,583	$72,166	$99,848	$2,872	$615,508
13-Weeks Ended June 28, 2025
Net sales	$605,425	$490,357	$249,366	$299,262	$170,154	$1,814,564

Item 1 - Condensed Consolidated Financial Statements

FAQ

What is Garmin's marine — gross profit?: Garmin (GRMN) reported marine — gross profit of $208.96M in Q2 2026.
How has Garmin's marine — gross profit changed year-over-year?: Garmin's marine — gross profit increased by 27.2% year-over-year, from $164.34M to $208.96M.
What is the long-term trend for Garmin's marine — gross profit?: Over 4 years (2021 to 2025), Garmin's marine — gross profit has grown at a 7.0% compound annual growth rate (CAGR), from $495.31M to $649.91M.
What does marine — gross profit mean?: Gross profit represents the residual earnings after deducting the direct costs of manufacturing and service delivery from the marine segment's total revenue. It serves as a primary indicator of the segment's production efficiency and pricing power.