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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	58.7%0.0pp	58.7%+1.2pp	57.5%-0.3pp	57.7%-0.3pp
Operating margin	25.9%+0.6pp	25.3%+4.4pp	20.9%-0.3pp	21.1%-3.3pp
Net margin	23%+0.5pp	22.4%-2.3pp	24.7%+4.6pp	20%-1.7pp
EBITDA margin	28%+0.5pp	27.5%+4.1pp	23.4%-0.2pp	23.6%-2.9pp
Free cash flow margin	18.8%-0.9pp	19.7%-2.9pp	22.6%+11.4pp	11.2%-3.0pp
Returns
Return on equity	19.8%+0.8pp	19%-0.5pp	19.5%+3.7pp	15.8%-2.8pp
Return on assets	16.1%+0.7pp	15.5%-0.3pp	15.8%+3.3pp	12.5%-2.0pp
Return on invested capital	24.2%+0.9pp	23.3%+4.0pp	19.3%+0.1pp	19.2%-5.8pp
Efficiency
Asset turnover	0.7×0.0×	0.7×+0.1×	0.6×0.0×	0.6×0.0×
Inventory turnover	1.8×0.0×	1.8×+0.3×	1.6×+0.1×	1.5×-0.6×
Liquidity
Current ratio	3.6×+0.1×	3.5×+0.1×	3.4×+0.1×	3.3×+0.3×
Quick ratio	2.6×0.0×	2.6×+0.2×	2.4×+0.4×	2×-0.1×
Cash ratio	1.3×-0.1×	1.4×+0.1×	1.3×+0.2×	1.1×0.0×
Leverage
Debt-to-equity	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×
Net debt / EBITDA	-1×+0.1×	-1.1×+0.2×	-1.3×-0.3×	-1×+0.1×
Valuation
Market capitalization	$39.02B-1.5%	$39.61B+61.0%	$24.59B+39.0%	$17.69B-32.5%
Enterprise value	$36.93B-2.0%	$37.69B+63.6%	$23.04B+39.2%	$16.55B-33.2%
Price / earnings	23.4×-4.6×	28.1×+9.0×	19.1×+0.9×	18.2×-6.0×
Price / sales	5.4×-0.9×	6.3×+1.6×	4.7×+1.1×	3.6×-1.6×
Price / book	4.3×-0.7×	5×+1.5×	3.5×+0.7×	2.9×-1.4×
EV / EBITDA	18.2×-3.5×	21.7×+2.9×	18.8×+4.4×	14.4×-4.3×
EV / sales	5.1×-0.9×	6×+1.6×	4.4×+1.0×	3.4×-1.6×
Free cash flow yield	3.5%+0.4pp	3.1%-1.7pp	4.8%+1.7pp	3.1%+0.4pp
Earnings yield	4.3%+0.7pp	3.6%-1.7pp	5.2%-0.3pp	5.5%+1.4pp
Dividend yield	1.7%+0.3pp	1.4%-0.8pp	2.3%-1.6pp	3.8%+2.0pp
PEG ratio	1.3×-1.7×	3×+2.4×	0.6×—	——

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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.