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Garmin GRMN Gross Profit

Gross Profit at other companies

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Segments

By segment

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Fitness$338.52M+53.8%
Outdoor$277.94M-1.6%
Marine$197.38M+7.3%
Aviation$197.31M+17.5%
Auto Oem$31.14M+3.7%

Other financials

Income statement

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Revenue$1.8B+14.2%
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

Calculated from Garmin’s reported figures.

$1.8Btotal revenue−$711.2Mtotal cost of revenue=$1.04B

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 gross profit?
Garmin (GRMN) reported gross profit of $1.04B in Q1 2026.
How has Garmin's gross profit changed year-over-year?
Garmin's gross profit increased by 17.8% year-over-year, from $884.55M to $1.04B.
What is the long-term trend for Garmin's gross profit?
Over 4 years (2021 to 2025), Garmin's gross profit has grown at a 10.2% compound annual growth rate (CAGR), from $2.89B to $4.26B.
What does gross profit mean?
The profit a company makes after subtracting the direct costs of making its products.
How do you interpret gross profit?
Higher gross profit indicates strong pricing power or efficient production, whereas declining margins suggest increased competition or rising input costs.
How does gross profit compare across companies?
A key benchmark for hardware companies; peers typically target specific gross margin percentages based on their product mix.