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Saturday 17 October 2026 Export GRMN’s income statement to Excel — free account

Garmin 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. In the quarter to June 2026, revenue grew 11.4%, EPS grew 35.1% and free cash flow grew 116.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.

285.30 0.08 +0.03%
Market cap
$55.0B
P/E
29.3×
Fwd P/E
25.0×
Dividend yield
2.10%
F-score
7/9
Altman Z
14.19
Beneish M
−2.24
Dividend safety
96/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Garmin Ltd. (GRMN) Gross margin

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Garmin Ltd.'s gross margin over the twelve months to 30 June 2026 was 60.1%, up 1.3 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 45.8% and above the Technology sector median of 47.2%.

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)
Jun 2026 62.4% 2.97
Mar 2026 59.4% 0.23
Dec 2025 59.2% 0.12
Sep 2025 59.1% 0.29
42 more quarters

Against its own ten years

Low 54.6% High 59.5%
Ten-year median 58.0%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
TRMB Trimble Inc. compare 69.8%
CGNX Cognex Corporation compare 68.9%
KEYS Keysight Technologies Inc. compare 64.7%
FTV Fortive Corporation compare 63.2%
GRMN Garmin Ltd. 60.1%
MKSI MKS Inc. compare 47.0%
TDY Teledyne Technologies Incorporated compare 43.3%
ESE ESCO Technologies Inc. compare 42.0%
COHR Coherent Corp. compare 37.5%
Scientific & Technical Instruments industry median 45.8%
Technology sector median 47.2%
Market median 46.2%

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

The full definition of Gross margin →

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