Garmin (GRMN) Asset Utilization Ratio (2009 - 2026)

Garmin (GRMN) posted Asset Utilization Ratio of 0.69 for Q2 2026, up 0.8% sequentially from 0.68 in Q1 2026, and up 2.02% YoY from 0.67 in Q2 2025.

Garmin (GRMN) Asset Utilization Ratio (2009 - 2026) Analysis & Trends

Garmin has reported Asset Utilization Ratio for 16 years, with the latest figure at 0.69 in Q2 2026.

Quarterly Asset Utilization Ratio rose 2.02% year-over-year to 0.69 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.69 (up 2.02% YoY) and the FY2025 annual result came in at 1.31, down 97.73% from the prior year.
Asset Utilization Ratio grew to 0.69 in Q2 2026 per GRMN's latest filing, from 0.68 in the prior quarter.
Over five years, Asset Utilization Ratio peaked at 1.34 in Q4 2024 and troughed at 0.63 in Q3 2023.
A 5-year average of 0.9 and a median of 0.68 in 2026 frame the typical range for Asset Utilization Ratio.
The sharpest annual moves came in 2022 and 2025: Asset Utilization Ratio rose 7.09% in 2022, then sank 49.86% in 2025.
Over 5 years, Asset Utilization Ratio stood at 1.27 in 2022, then advanced by 0.82% to 1.28 in 2023, then gained by 4.75% to 1.34 in 2024, then tumbled by 49.86% to 0.67 in 2025, then advanced by 1.81% to 0.69 in 2026.
According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.69, 0.68, and 0.67 for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Asset Util. (Qtr)
1	Garmin	56.47 Bn	53.80 Bn	1.26 Bn	0.69
2	Keysight Technologies	53.30 Bn	50.88 Bn	1.18 Bn	0.52
3	Coherent	51.29 Bn	49.30 Bn	787.08 Mn	0.40
4	Teledyne Technologies	29.29 Bn	28.95 Bn	738.10 Mn	0.41
5	Mks	18.72 Bn	18.11 Bn	595.00 Mn	0.49
6	Fortive	18.20 Bn	17.83 Bn	695.30 Mn	0.37
7	Trimble	13.95 Bn	13.74 Bn	674.90 Mn	0.43
8	Cognex	9.92 Bn	9.51 Bn	205.77 Mn	0.52
9	Esco Technologies	7.40 Bn	7.33 Bn	141.52 Mn	0.53
10	Sensata Technologies Holding	6.17 Bn	5.77 Bn	301.80 Mn	0.56

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