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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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
EBITDA margin	28.5%+0.5pp	28%+0.2pp	27.8%-0.4pp	28.2%+0.7pp	27.5%-0.1pp
Free cash flow margin	19.4%+0.6pp	18.8%-0.4pp	19.2%+2.5pp	16.7%-2.2pp	18.9%-0.8pp
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 assets	16.7%+0.6pp	16.1%+0.3pp	15.8%-0.5pp	16.3%+0.4pp	15.9%+0.5pp
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×
Inventory turnover	1.8×-0.1×	1.8×+0.2×	1.7×-0.1×	1.8×-0.1×	1.9×0.0×
Liquidity
Current ratio	4.4×+0.7×	3.6×+0.3×	3.3×+0.3×	3×-1.1×	4.1×+0.6×
Quick ratio	3×+0.4×	2.6×+0.4×	2.2×+0.2×	2.1×-0.8×	2.9×+0.3×
Cash ratio	1.7×+0.3×	1.3×+0.1×	1.2×+0.1×	1.1×-0.6×	1.6×+0.3×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	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×
Valuation
Market capitalization	$44.66B+14.5%	$39.02B-17.7%	$47.4B+20.0%	$39.49B-5.5%	$41.78B+5.5%
Enterprise value	$42.54B+15.2%	$36.93B-18.8%	$45.48B+21.1%	$37.56B-5.5%	$39.74B+5.4%
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×
EV / sales	5.7×+0.6×	5.1×-1.5×	6.6×+1.0×	5.6×-0.6×	6.2×+0.2×
Free cash flow yield	3.3%-0.2pp	3.5%+0.7pp	2.8%0.0pp	2.9%-0.1pp	2.9%-0.2pp
Earnings yield	3.9%-0.4pp	4.3%+1.0pp	3.3%-0.7pp	4%+0.5pp	3.5%0.0pp
Dividend yield	1.6%-0.1pp	1.7%+0.4pp	1.3%-0.2pp	1.5%+0.2pp	1.4%-0.1pp
PEG ratio	1.4×+0.1×	1.3×-7.3×	8.6×+6.8×	1.8×-1.9×	3.7×+0.7×

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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.