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Garmin GRMN Outdoor — Gross Profit

Other segment segments

Fitness
$338.52M+53.8%
Marine
$197.38M+7.3%
Aviation
$197.31M+17.5%
Auto Oem
$31.14M+3.7%

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ROP
ROPOperating Segments — Gross Profit
$810.6M+8.0%
PTC logo
PTCOperating Segments — Gross Profit
$191.2M+9.5%

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 / equity0×0.0×
Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

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 outdoor — gross profit?
Garmin (GRMN) reported outdoor — gross profit of $277.94M in Q1 2026.
How has Garmin's outdoor — gross profit changed year-over-year?
Garmin's outdoor — gross profit decreased by 1.6% year-over-year, from $282.54M to $277.94M.
What is the long-term trend for Garmin's outdoor — gross profit?
Over 4 years (2021 to 2025), Garmin's outdoor — gross profit has grown at a 8.1% compound annual growth rate (CAGR), from $988.66M to $1.35B.
What does outdoor — gross profit mean?
The profit remaining after subtracting direct production costs from total segment revenue.
How do you interpret outdoor — gross profit?
Higher gross profit indicates strong pricing power or effective cost-of-goods management.
How does outdoor — gross profit compare across companies?
Standard gross profit metric used to compare product-level margins across hardware competitors.