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+2.3% | $664.68M+8.9% | $670.07M+17.2% | $673.94M+31.3% | $650.98M+38.3% | |
| Aviation | $1.03B+16.4% | $987.16M+12.6% | $949.8M+10.8% | $913.99M+7.5% | $882.87M+3.9% | |
| Fitness | $2.52B+38.7% | $2.36B+32.8% | $2.13B+29.3% | $1.99B+29.7% | $1.82B+25.9% | |
| Marine | $1.22B+14.3% | $1.18B+10.2% | $1.14B+7.1% | $1.09B+6.9% | $1.07B+10.5% | |
| Outdoor | $2.03B-0.1% | $2.05B+4.7% | $2.06B+13.0% | $2.08B+20.8% | $2.03B+17.3% | |
| Gross Profit by Business | ||||||
| Auto Oem | $112.18M-2.3% | $111.07M+3.3% | $110.58M+3.7% | $118.65M+22.1% | $114.82M+17.4% | |
| Aviation | $770.91M+16.5% | $741.51M+12.9% | $712.46M+11.3% | $685.89M+8.1% | $661.78M+4.4% | |
| Fitness | $1.52B+43.8% | $1.4B+35.9% | $1.26B+31.5% | $1.18B+36.4% | $1.06B+33.7% | |
| Marine | $663.35M+10.8% | $649.91M+9.4% | $641.16M+11.4% | $615.36M+12.2% | $598.81M+15.0% | |
| Outdoor | $1.35B0.0% | $1.35B+3.4% | $1.36B+12.9% | $1.39B+24.4% | $1.35B+21.2% | |
| Operating Income by Business | ||||||
| Auto Oem | -$46.17M-48.1% | -$48.63M-25.4% | -$44.57M-13.6% | -$29.15M+43.6% | -$31.18M+45.9% | |
| Aviation | $279.8M+34.8% | $257.23M+21.7% | $236.98M+16.4% | $220.49M+5.7% | $207.59M-6.0% | |
| Fitness | $805.79M+63.7% | $725.88M+50.4% | $628.1M+51.0% | $582.27M+69.8% | $492.25M+69.9% | |
| Marine | $255.14M+8.5% | $251.25M+6.5% | $249.77M+12.1% | $238.21M+14.1% | $235.18M+20.5% | |
| Outdoor | $680.36M-6.1% | $690.35M-1.8% | $707.73M+15.0% | $746.86M+37.6% | $724.57M+32.8% | |
| Selling General And Administrative Expense by Business | ||||||
| Auto Oem | $50.66M+0.4% | $50.41M-2.7% | $50.18M-5.2% | $49.32M-10.1% | $50.47M-7.6% | |
| Aviation | $143.57M+9.4% | $142M+10.3% | $139.47M+11.8% | $135.25M+9.4% | $131.28M+9.8% | |
| Fitness | $486.37M+29.5% | $459.75M+25.5% | $421.76M+22.1% | $397.26M+18.1% | $375.53M+15.9% | |
| Marine | $215.63M+8.9% | $211.05M+6.9% | $210.13M+10.9% | $204.02M+8.3% | $198.06M+8.0% | |
| Outdoor | $388.97M+3.4% | $390.79M+7.2% | $388.43M+13.1% | $385.85M+13.5% | $376.03M+12.0% | |
| Research And Development Expense by Business | ||||||
| Auto Oem | $107.69M+12.7% | $109.3M+15.7% | $104.97M+9.2% | $98.48M-1.2% | $95.53M-8.0% | |
| Aviation | $347.54M+7.6% | $342.28M+8.2% | $336.01M+9.7% | $330.15M+11.0% | $322.92M+11.1% | |
| Fitness | $228.8M+20.7% | $216.96M+18.6% | $206.43M+17.6% | $197.24M+15.8% | $189.57M+14.1% | |
| Marine | $192.57M+16.3% | $187.61M+16.8% | $181.27M+18.8% | $173.12M+17.7% | $165.57M+16.6% | |
| Outdoor | $277.32M+12.9% | $270.08M+12.9% | $261.32M+13.5% | $253.71M+13.6% | $245.6M+12.5% | |
| Cost of Goods Sold by Business | ||||||
| Auto Oem | $553.45M+3.2% | $553.61M+10.0% | $559.49M+25.4% | $555.3M+41.7% | $536.16M+53.1% | |
| Aviation | $256.97M+16.2% | $245.65M+11.6% | $237.34M+9.5% | $228.1M+3.1% | $221.09M+0.7% | |
| Fitness | $998.14M+31.5% | $954.42M+28.5% | $874.17M+30.7% | $816.57M+26.6% | $758.97M+22.6% | |
| Marine | $554.84M+18.8% | $532.71M+11.2% | $495.8M+3.5% | $476.84M-1.8% | $467.09M+0.1% | |
| Outdoor | $686.46M-0.2% | $702.83M+7.2% | $698.35M+15.8% | $698.36M+18.1% | $688.09M+16.3% |
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.
