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%+0.6pp	58.7%0.0pp	58.7%+0.3pp	58.9%+1.3pp	58.6%+0.8pp
Operating margin	26.5%+1.2pp	25.9%+0.6pp	25.6%+1.8pp	26%+3.9pp	25.2%+3.4pp
Net margin	23.3%+0.5pp	23%+0.5pp	22.6%-2.9pp	23.2%-1.2pp	22.8%-2.2pp
EBITDA margin	28.5%+1.1pp	28%+0.5pp	27.8%+1.7pp	28.2%+3.7pp	27.5%+3.2pp
Free cash flow margin	19.4%+0.6pp	18.8%-0.9pp	19.2%-1.9pp	16.7%-7.2pp	18.9%-5.9pp
Returns
Return on equity	19.9%+0.9pp	19.8%+0.8pp	19.7%-2.3pp	20.7%-0.2pp	19%-0.9pp
Return on assets	16.7%+0.8pp	16.1%+0.7pp	15.8%-1.7pp	16.3%-0.1pp	15.9%-0.7pp
Return on invested capital	24.6%+1.1pp	24.2%+0.9pp	24.2%+1.3pp	25.9%+3.6pp	23.5%+2.9pp
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×	1.8×0.0×	1.7×0.0×	1.8×0.0×	1.9×+0.2×
Liquidity
Current ratio	4.4×+0.3×	3.6×+0.1×	3.3×0.0×	3×+0.1×	4.1×+0.1×
Quick ratio	3×+0.1×	2.6×0.0×	2.2×-0.1×	2.1×0.0×	2.9×0.0×
Cash ratio	1.7×0.0×	1.3×-0.1×	1.2×-0.1×	1.1×-0.1×	1.6×-0.1×
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×+0.2×	-1×+0.1×	-1×+0.2×	-1×+0.3×	-1.1×+0.2×
Valuation
Market capitalization	$44.66B+6.9%	$39.02B-1.5%	$47.4B+40.1%	$39.49B+26.2%	$41.78B+46.3%
Enterprise value	$42.54B+7.0%	$36.93B-2.0%	$45.48B+42.4%	$37.56B+27.5%	$39.74B+48.7%
Price / earnings	25.7×-2.7×	23.4×-4.6×	30.2×+7.9×	25.2×+2.4×	28.5×+7.5×
Price / sales	6×-0.5×	5.4×-0.9×	6.8×+1.1×	5.8×+0.3×	6.5×+1.3×
Price / book	4.8×-0.3×	4.3×-0.7×	5.6×+1.1×	4.9×+0.4×	5.1×+1.2×
EV / EBITDA	20×-2.5×	18.2×-3.5×	23.5×+3.0×	19.7×-1.5×	22.4×+2.3×
EV / sales	5.7×-0.5×	5.1×-0.9×	6.6×+1.2×	5.6×+0.3×	6.2×+1.3×
Free cash flow yield	3.3%+0.3pp	3.5%+0.4pp	2.8%-0.9pp	2.9%-1.5pp	2.9%-1.8pp
Earnings yield	3.9%+0.4pp	4.3%+0.7pp	3.3%-1.2pp	4%-0.4pp	3.5%-1.3pp
Dividend yield	1.6%+0.2pp	1.7%+0.3pp	1.3%-0.3pp	1.5%-0.3pp	1.4%-0.6pp
PEG ratio	1.4×-2.3×	1.3×-1.7×	8.6×+8.1×	1.8×+1.2×	3.7×—

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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.