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Garmin GRMN Total Operating Expenses

Total Operating Expenses at other companies

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$904M+5.7%
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$40.7B+0.1%

Other financials

Income statement

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Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
Operating income$431.7M+29.7%
Net income$405.1M+21.7%
EPS (diluted)$2.09+21.5%

Balance sheet

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Cash & equivalents$2.3B+5.3%
Total debt$167.6M+19.5%
Total equity$9.3B+13.3%
Total assets$11.0B+11.9%

Cash flow

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Operating cash flow$536.0M+27.4%
CapEx$66.6M+66.3%
Free cash flow$469.4M+23.3%

Valuation

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Market cap$45.17B+6.9%
Enterprise value$43.04B+7.0%
P/E26×-2.8×
P/S6.1×-0.5×

Profitability

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Gross margin59.1%+0.6pp
Operating margin26.5%+1.2pp
Net margin23.3%+0.5pp
FCF margin19.4%+0.6pp

Returns & leverage

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Return on equity19.9%+0.9pp
Debt / equity0.0×
Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's total operating expenses?
Garmin (GRMN) reported total operating expenses of $610.62M in Q1 2026.
How has Garmin's total operating expenses changed year-over-year?
Garmin's total operating expenses increased by 10.7% year-over-year, from $551.72M to $610.62M.
What is the long-term trend for Garmin's total operating expenses?
Over 4 years (2021 to 2025), Garmin's total operating expenses has grown at a 9.2% compound annual growth rate (CAGR), from $1.67B to $2.38B.
What does total operating expenses mean?
The total cost of operating the business, excluding production costs.
How do you interpret total operating expenses?
An increase faster than revenue growth signals potential margin compression, while stable or declining expenses relative to revenue indicate strong operational control.
How does total operating expenses compare across companies?
Standard financial metric; peers are evaluated on their ability to control these costs relative to their top-line growth.