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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) Operating margin

Alert me on Operating margin

Garmin Ltd.'s operating margin over the twelve months to 30 June 2026 was 27.6%, up 1.7 percentage points from fiscal 2025 (25.9%). Over the past ten years it has ranged from 19.5% (fiscal 2015) to 25.9% (fiscal 2025) — the current reading is the highest in ten years. That is above the Scientific & Technical Instruments industry median of 7.34% and above the Technology sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 25.9% 0.58
FY2024 25.3% 4.42
FY2023 20.9% (0.26)
FY2022 21.2% (3.31)
FY2021 24.5% (0.72)
FY2020 25.2% 0.01
FY2019 25.2% 1.92
FY2018 23.3% 1.35
FY2017 21.9% 1.12
FY2016 20.8% 1.29

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 30.4% 5.82
Mar 2026 24.6% (4.28)
Dec 2025 28.9% 3.11
Sep 2025 25.8% (0.24)
42 more quarters

Against its own ten years

Low 19.5% High 25.9%
Ten-year median 23.3%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
GRMN Garmin Ltd. 27.6%
CGNX Cognex Corporation compare 21.9%
KEYS Keysight Technologies Inc. compare 20.3%
TDY Teledyne Technologies Incorporated compare 19.5%
FTV Fortive Corporation compare 18.2%
TRMB Trimble Inc. compare 17.0%
MKSI MKS Inc. compare 15.7%
ESE ESCO Technologies Inc. compare 15.7%
COHR Coherent Corp. compare 11.8%
Scientific & Technical Instruments industry median 7.34%
Technology sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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