Garmin GRMN Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Auto Oem | $665.63M+0.1% | $664.68M-0.8% | $670.07M-0.6% | $673.94M+3.5% | $650.98M+6.6% | |
| Aviation | $1.03B+4.1% | $987.16M+3.9% | $949.8M+3.9% | $913.99M+3.5% | $882.87M+0.7% | |
| Fitness | $2.52B+6.9% | $2.36B+10.6% | $2.13B+6.9% | $1.99B+9.7% | $1.82B+2.4% | |
| Marine | $1.22B+3.0% | $1.18B+4.0% | $1.14B+4.1% | $1.09B+2.5% | $1.07B-0.7% | |
| Outdoor | $2.03B-1.0% | $2.05B-0.1% | $2.06B-1.4% | $2.08B+2.5% | $2.03B+3.7% | |
| Gross Profit by Business | ||||||
| Auto Oem | $112.18M+1.0% | $111.07M+0.4% | $110.58M-6.8% | $118.65M+3.3% | $114.82M+6.8% | |
| Aviation | $770.91M+4.0% | $741.51M+4.1% | $712.46M+3.9% | $685.89M+3.6% | $661.78M+0.8% | |
| Fitness | $1.52B+8.4% | $1.4B+11.6% | $1.26B+6.8% | $1.18B+11.3% | $1.06B+2.5% | |
| Marine | $663.35M+2.1% | $649.91M+1.4% | $641.16M+4.2% | $615.36M+2.8% | $598.81M+0.8% | |
| Outdoor | $1.35B-0.3% | $1.35B-0.5% | $1.36B-2.1% | $1.39B+3.0% | $1.35B+3.0% | |
| Operating Income by Business | ||||||
| Auto Oem | -$46.17M+5.1% | -$48.63M-9.1% | -$44.57M-52.9% | -$29.15M+6.5% | -$31.18M+19.6% | |
| Aviation | $279.8M+8.8% | $257.23M+8.5% | $236.98M+7.5% | $220.49M+6.2% | $207.59M-1.8% | |
| Fitness | $805.79M+11.0% | $725.88M+15.6% | $628.1M+7.9% | $582.27M+18.3% | $492.25M+2.0% | |
| Marine | $255.14M+1.5% | $251.25M+0.6% | $249.77M+4.9% | $238.21M+1.3% | $235.18M-0.4% | |
| Outdoor | $680.36M-1.4% | $690.35M-2.5% | $707.73M-5.2% | $746.86M+3.1% | $724.57M+3.1% | |
| Selling General And Administrative Expense by Business | ||||||
| Auto Oem | $50.66M+0.5% | $50.41M+0.5% | $50.18M+1.7% | $49.32M-2.3% | $50.47M-2.5% | |
| Aviation | $143.57M+1.1% | $142M+1.8% | $139.47M+3.1% | $135.25M+3.0% | $131.28M+1.9% | |
| Fitness | $486.37M+5.8% | $459.75M+9.0% | $421.76M+6.2% | $397.26M+5.8% | $375.53M+2.5% | |
| Marine | $215.63M+2.2% | $211.05M+0.4% | $210.13M+3.0% | $204.02M+3.0% | $198.06M+0.3% | |
| Outdoor | $388.97M-0.5% | $390.79M+0.6% | $388.43M+0.7% | $385.85M+2.6% | $376.03M+3.2% | |
| Research And Development Expense by Business | ||||||
| Auto Oem | $107.69M-1.5% | $109.3M+4.1% | $104.97M+6.6% | $98.48M+3.1% | $95.53M+1.1% | |
| Aviation | $347.54M+1.5% | $342.28M+1.9% | $336.01M+1.8% | $330.15M+2.2% | $322.92M+2.1% | |
| Fitness | $228.8M+5.5% | $216.96M+5.1% | $206.43M+4.7% | $197.24M+4.0% | $189.57M+3.6% | |
| Marine | $192.57M+2.6% | $187.61M+3.5% | $181.27M+4.7% | $173.12M+4.6% | $165.57M+3.1% | |
| Outdoor | $277.32M+2.7% | $270.08M+3.4% | $261.32M+3.0% | $253.71M+3.3% | $245.6M+2.7% | |
| Cost of Goods Sold by Business | ||||||
| Auto Oem | $553.45M0.0% | $553.61M-1.1% | $559.49M+0.8% | $555.3M+3.6% | $536.16M+6.6% | |
| Aviation | $256.97M+4.6% | $245.65M+3.5% | $237.34M+4.1% | $228.1M+3.2% | $221.09M+0.4% | |
| Fitness | $998.14M+4.6% | $954.42M+9.2% | $874.17M+7.1% | $816.57M+7.6% | $758.97M+2.2% | |
| Marine | $554.84M+4.2% | $532.71M+7.4% | $495.8M+4.0% | $476.84M+2.1% | $467.09M-2.5% | |
| Outdoor | $686.46M-2.3% | $702.83M+0.6% | $698.35M0.0% | $698.36M+1.5% | $688.09M+5.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Garmin break its business down?
- Garmin (GRMN) reports revenue by business across 5 parts — Auto Oem, Aviation, Fitness, Marine and Outdoor. Each is extracted from the segment footnotes and tracked over time.
- Where does Garmin's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Garmin's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
