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) Operating margin
Garmin Ltd.'s operating margin over the twelve months to 30 September 2026 was 28.8%, up 2.9 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 8.96% and above the Technology sector median of 0.36%.
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) |
|---|---|---|
| Sep 2026 | 30.8% | 0.36 |
| Jun 2026 | 30.4% | 5.82 |
| Mar 2026 | 24.6% | (4.28) |
| Dec 2025 | 28.9% | 3.11 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| GRMN Garmin Ltd. | 28.8% |
| CGNX Cognex Corporation compare | 25.0% |
| KEYS Keysight Technologies Inc. compare | 20.3% |
| TDY Teledyne Technologies Incorporated compare | 20.0% |
| FTV Fortive Corporation compare | 19.6% |
| MKSI MKS Inc. compare | 18.2% |
| TRMB Trimble Inc. compare | 16.5% |
| ESE ESCO Technologies Inc. compare | 15.7% |
| COHR Coherent Corp. compare | 13.4% |
| Scientific & Technical Instruments industry median | 8.96% |
| Technology sector median | 0.36% |
| 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
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
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- The full statement