What are Garmin's profit margins?

Garmin (GRMN) runs a 59.1% gross margin and a 26.5% operating margin, with a 23.3% net margin.

Where do Garmin's ratios come from?

Every ratio is computed from Garmin's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Garmin GRMN Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	59.1%+0.4pp	58.7%0.0pp	58.7%-0.2pp	58.9%+0.4pp	58.6%-0.1pp
Operating margin	26.5%+0.6pp	25.9%+0.3pp	25.6%-0.4pp	26%+0.8pp	25.2%-0.1pp
Net margin	23.3%+0.3pp	23%+0.3pp	22.6%-0.6pp	23.2%+0.4pp	22.8%+0.3pp
Returns
Return on equity	19.9%+0.1pp	19.8%+0.1pp	19.7%-1.1pp	20.7%+1.7pp	19%0.0pp
Return on invested capital	24.6%+0.4pp	24.2%-0.1pp	24.2%-1.7pp	25.9%+2.4pp	23.5%+0.2pp
Efficiency
Asset turnover	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×
Liquidity
Current ratio	4.4×+0.7×	3.6×+0.3×	3.3×+0.3×	3×-1.1×	4.1×+0.6×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-1×0.0×	-1×0.0×	-1×0.0×	-1×+0.1×	-1.1×0.0×
Per Share
Book value per share	$47.90—	——	$43.81+4.3%	$42.01-0.5%	$42.22—
Valuation
Market capitalization	$44.66B+14.5%	$39.02B-17.7%	$47.4B+20.0%	$39.49B-5.5%	$41.78B+5.5%
Price / earnings	25.7×+2.3×	23.4×-6.7×	30.2×+5.0×	25.2×-3.3×	28.5×+0.4×
Price / sales	6×+0.6×	5.4×-1.4×	6.8×+1.0×	5.8×-0.6×	6.5×+0.2×
Price / book	4.8×+0.5×	4.3×-1.2×	5.6×+0.7×	4.9×-0.2×	5.1×+0.1×
EV / EBITDA	20×+1.8×	18.2×-5.3×	23.5×+3.8×	19.7×-2.7×	22.4×+0.7×
Dividend yield	1.6%-0.1pp	1.7%+0.4pp	1.3%-0.2pp	1.5%+0.2pp	1.4%-0.1pp

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Questions, answered.

What are Garmin's profit margins?: Garmin (GRMN) runs a 59.1% gross margin and a 26.5% operating margin, with a 23.3% net margin.
Where do Garmin's ratios come from?: Every ratio is computed from Garmin's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.