Growth Metrics

Garmin (GRMN) Cost of Revenue (2017 - 2025)

Garmin (GRMN) has disclosed Cost of Revenue for 16 consecutive years, with $866.7 million as the latest value for Q4 2025.

  • Quarterly Cost of Revenue rose 16.71% to $866.7 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $3.0 billion through Dec 2025, up 14.95% year-over-year, with the annual reading at $3.0 billion for FY2025, 14.95% up from the prior year.
  • Cost of Revenue hit $866.7 million in Q4 2025 for Garmin, up from $724.4 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $866.7 million in Q4 2025 to a low of $430.8 million in Q1 2021.
  • Historically, Cost of Revenue has averaged $597.9 million across 5 years, with a median of $570.4 million in 2022.
  • Biggest five-year swings in Cost of Revenue: skyrocketed 54.06% in 2021 and later dropped 9.38% in 2022.
  • Year by year, Cost of Revenue stood at $619.5 million in 2021, then decreased by 9.38% to $561.4 million in 2022, then rose by 10.15% to $618.4 million in 2023, then increased by 20.1% to $742.6 million in 2024, then grew by 16.71% to $866.7 million in 2025.
  • Business Quant data shows Cost of Revenue for GRMN at $866.7 million in Q4 2025, $724.4 million in Q3 2025, and $747.6 million in Q2 2025.