stockrowGarmin Ltd.
GRMN Technology Scientific & Technical Instruments
Garmin Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, up 15.1% from fiscal 2024.
- Revenue
- +12.2%
- EPS
- +34.4%
- Free cash flow
- −31.0%
Quarter to September 2026, against a year earlier
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Garmin Ltd. (GRMN) Gross margin
Garmin Ltd.'s gross margin over the twelve months to 30 September 2026 was 61.1%, up 2.4 percentage points from fiscal 2025 (58.7%). Over the past ten years it has ranged from 54.6% (fiscal 2015) to 59.5% (fiscal 2019); the current reading is higher than 73% of that period. That is above the Scientific & Technical Instruments industry median of 47.2% and above the Technology sector median of 47.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 58.7% | 0.04 |
| FY2024 | 58.7% | 1.22 |
| FY2023 | 57.5% | (0.27) |
| FY2022 | 57.8% | (0.26) |
| FY2021 | 58.0% | (1.26) |
| FY2020 | 59.3% | (0.18) |
| FY2019 | 59.5% | 0.31 |
| FY2018 | 59.1% | 1.54 |
| FY2017 | 57.6% | 2.16 |
| FY2016 | 55.4% | 0.88 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 63.3% | 0.92 |
| Jun 2026 | 62.4% | 2.97 |
| Mar 2026 | 59.4% | 0.23 |
| Dec 2025 | 59.2% | 0.12 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CGNX Cognex Corporation compare | 69.7% |
| TRMB Trimble Inc. compare | 69.6% |
| KEYS Keysight Technologies Inc. compare | 64.7% |
| FTV Fortive Corporation compare | 63.5% |
| GRMN Garmin Ltd. | 61.1% |
| MKSI MKS Inc. compare | 47.2% |
| TDY Teledyne Technologies Incorporated compare | 43.6% |
| ESE ESCO Technologies Inc. compare | 42.0% |
| COHR Coherent Corp. compare | 38.2% |
| Scientific & Technical Instruments industry median | 47.2% |
| Technology sector median | 47.1% |
| Market median | 46.0% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on GRMN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement