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Garmin GRMN Operating Income

Operating Income at other companies

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Segments

By segment

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Fitness$157.62M+103%
Outdoor$118.79M-7.8%
Marine$90.76M+4.5%
Aviation$70.93M+46.7%
Auto Oem-$6.44M+27.6%

Other financials

Income statement

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Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
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×
Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?
Garmin (GRMN) reported operating income of $431.67M in Q1 2026.
How has Garmin's operating income changed year-over-year?
Garmin's operating income increased by 29.7% year-over-year, from $332.82M to $431.67M.
What is the long-term trend for Garmin's operating income?
Over 4 years (2021 to 2025), Garmin's operating income has grown at a 11.4% compound annual growth rate (CAGR), from $1.22B to $1.88B.
What does operating income mean?
The profit earned from core business operations before interest and taxes.
How do you interpret operating income?
Higher operating income indicates strong operational performance and effective cost management.
How does operating income compare across companies?
A primary metric for comparing operational efficiency across the hardware and technology industry.