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Garmin GRMN Net margin

Net margin at other companies

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BrunswickBC
5%-2.5pp
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Raytheon TechnologiesRTX
8.3%+0.9pp
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AppleAAPL
27.6%+3.3pp
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Honeywell InternationalHON
21.6%+5.8pp
Johnson Outdoors logo
Johnson OutdoorsJOUT
-2.3%-1.0pp
Innovative Solutions & Support logo
Innovative Solutions & SupportISSC
18.8%+2.2pp

Other financials

Income statement

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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

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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

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Operating cash flow$403.6M+133%
CapEx$127.8M+180%
Free cash flow$275.8M+116%

Valuation

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Market cap$58.35B+31.7%
Enterprise value$56.19B+32.6%
P/E31.1×+2.8×
P/S7.6×+1.1×

Profitability

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Gross margin60.1%+1.1pp
Operating margin27.6%+1.6pp
FCF margin20.9%+4.2pp

Returns & leverage

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Return on equity21.9%+1.2pp
Debt / equity0.0×
Current ratio0.0×

Where this comes from

Calculated from Garmin’s reported figures.

Based on trailing twelve months.

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

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

FAQ

What is Garmin's net margin?
Garmin (GRMN) reported net margin of 24.5% in Q2 2026.
How has Garmin's net margin changed year-over-year?
Garmin's net margin increased by 5.4% year-over-year, from 23.2% to 24.5%.
What is the long-term trend for Garmin's net margin?
Over 5 years (2020 to 2025), Garmin's net margin has grown at a -0.6% compound annual growth rate (CAGR), from 23.7% to 23%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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