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.
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Garmin Ltd. (GRMN) Net margin
Garmin Ltd.'s net margin over the twelve months to 30 June 2026 was 24.5%, up 1.5 percentage points from fiscal 2025 (23.0%). Over the past ten years it has ranged from 16.2% (fiscal 2015) to 25.4% (fiscal 2019); the current reading is higher than 73% of that period. That is above the Scientific & Technical Instruments industry median of 1.56% and above the Technology sector median of 0.00%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 23.0% | 0.55 |
| FY2024 | 22.4% | (2.26) |
| FY2023 | 24.7% | 4.64 |
| FY2022 | 20.0% | (1.69) |
| FY2021 | 21.7% | (1.98) |
| FY2020 | 23.7% | (1.65) |
| FY2019 | 25.4% | 4.62 |
| FY2018 | 20.7% | (1.98) |
| FY2017 | 22.7% | 5.71 |
| FY2016 | 17.0% | 0.82 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 26.8% | 3.70 |
| Mar 2026 | 23.1% | (1.78) |
| Dec 2025 | 24.9% | 2.20 |
| Sep 2025 | 22.7% | 0.59 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| GRMN Garmin Ltd. | 24.5% |
| ESE ESCO Technologies Inc. compare | 24.4% |
| KEYS Keysight Technologies Inc. compare | 19.1% |
| CGNX Cognex Corporation compare | 16.1% |
| TDY Teledyne Technologies Incorporated compare | 15.3% |
| FTV Fortive Corporation compare | 12.4% |
| COHR Coherent Corp. compare | 10.8% |
| MKSI MKS Inc. compare | 10.1% |
| TRMB Trimble Inc. compare | −2.77% |
| Scientific & Technical Instruments industry median | 1.56% |
| Technology sector median | 0.00% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on GRMN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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