Garmin (GRMN) Asset Utilization Ratio (2009 - 2026)
Garmin's (GRMN) Asset Utilization Ratio stood at 0.69 in Q2 2026, up 2.0% from 0.67 a year earlier and up 0.8% from the prior quarter.
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Analysis
Garmin (GRMN) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
For FY2025, Garmin's Asset Utilization Ratio came in at 0.70, up 1.7% from FY2024.
- Annual Asset Utilization Ratio has increased for three straight years.
- Across earlier years, Asset Utilization Ratio came in at 0.69 in FY2024 (+7.9%), 0.64 in FY2023 (+2.6%), 0.62 in FY2022 (-6.8%) and 0.67 in FY2021 (+5.5%).
- The Q2 2026 figure is the highest quarterly Asset Utilization Ratio since Q1 2011.
- On a year-over-year basis, Asset Utilization Ratio has increased for ten consecutive quarters, with growth averaging 3.1% over the last eight quarters.
- Peak year-over-year performance for Asset Utilization Ratio in the last five years was growth of 7.1% in Q3 2021, against a decline of 4.6% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.68 (Q1 2026), 0.67 (Q4 2025) and 0.67 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,040.97 Bn | 4,788.46 Bn | 54.77 Bn | 1.24 |
| 2 | Cisco Systems | 424.45 Bn | 360.38 Bn | 11.06 Bn | 0.50 |
| 3 | Dell Technologies | 313.76 Bn | 269.51 Bn | 9.83 Bn | 1.25 |
| 4 | Arista Networks | 232.68 Bn | 186.14 Bn | 1.91 Bn | 0.46 |
| 5 | Sandisk | 202.67 Bn | 191.19 Bn | 7.58 Bn | 1.02 |
| 6 | Seagate Technology Holdings | 152.82 Bn | 147.82 Bn | 1.90 Bn | 1.29 |
| 7 | Sony | 149.85 Bn | 87.11 Bn | 6.53 Bn | 0.84 |
| 8 | Western Digital | 130.59 Bn | 118.72 Bn | 2.03 Bn | 0.89 |
| 9 | Hewlett Packard Enterprise | 77.78 Bn | 55.65 Bn | 4.93 Bn | 0.51 |
| 10 | Garmin | 56.29 Bn | 45.64 Bn | 1.26 Bn | 0.69 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 0.69 |
| Mar 28, 2026 | 0.68 |
| Dec 27, 2025 | 0.67 |
| Sep 27, 2025 | 0.67 |
| Jun 28, 2025 | 0.67 |
| Mar 29, 2025 | 0.66 |
| Dec 28, 2024 | 0.66 |
| Sep 28, 2024 | 0.65 |
| Jun 29, 2024 | 0.64 |
| Mar 30, 2024 | 0.63 |
| Dec 30, 2023 | 0.63 |
| Sep 30, 2023 | 0.64 |
| Jul 1, 2023 | 0.63 |
| Apr 1, 2023 | 0.63 |
| Dec 31, 2022 | 0.63 |
| Sep 24, 2022 | 0.64 |
| Jun 25, 2022 | 0.64 |
| Mar 26, 2022 | 0.65 |
| Dec 25, 2021 | 0.65 |
| Sep 25, 2021 | 0.66 |
API Access
Garmin Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();