Garmin (GRMN) EBITDA Margin (2009 - 2026)
Garmin's EBITDA Margin was 33.38% in Q3 2026, up 4.81 percentage points from 28.57% a year earlier and up 0.52 percentage points from the prior quarter.
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Analysis
Garmin (GRMN) EBITDA Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Garmin's EBITDA Margin was 31.30% through Sep 26, 2026, up 2.97 percentage points year-over-year; for FY2025, it was 28.50%, up 0.33 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +0.29 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 28.17% in FY2024 (+3.88 pp), 24.29% in FY2023 (-0.23 pp), 24.52% in FY2022 (-3.04 pp) and 27.56% in FY2021 (-0.64 pp).
- The Q3 2026 figure marks the highest quarterly EBITDA Margin in data going back to Q1 2009.
- Compared with a year earlier, EBITDA Margin has increased for four straight quarters, with an average year-over-year change of +2.23 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q3 2024 (a gain of 5.72 percentage points); the worst was Q4 2021 (a drop of 4.59 percentage points).
- Per Business Quant data, GRMN's EBITDA Margin in the three quarters before Q3 2026 was 32.86% (Q2 2026), 27.42% (Q1 2026) and 31.08% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,090.84 Bn | 4,836.31 Bn | 54.82 Bn | 34.14% |
| 2 | Cisco Systems | 390.99 Bn | 326.92 Bn | 11.06 Bn | 28.41% |
| 3 | Arista Networks | 240.45 Bn | 189.65 Bn | 2.33 Bn | 45.55% |
| 4 | Dell Technologies | 219.04 Bn | 174.80 Bn | 9.83 Bn | 13.07% |
| 5 | Sony | 158.27 Bn | 38.21 Bn | - | - |
| 6 | Sandisk | 129.40 Bn | 114.23 Bn | 9.38 Bn | 79.99% |
| 7 | Seagate Technology Holdings | 114.31 Bn | 109.16 Bn | 2.43 Bn | 50.56% |
| 8 | Western Digital | 105.81 Bn | 95.63 Bn | 2.53 Bn | 49.08% |
| 9 | Hewlett Packard Enterprise | 63.81 Bn | 41.69 Bn | 4.93 Bn | 18.48% |
| 10 | Garmin | 55.33 Bn | 44.88 Bn | 1.26 Bn | 33.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 33.38% |
| Jun 27, 2026 | 32.86% |
| Mar 28, 2026 | 27.42% |
| Dec 27, 2025 | 31.08% |
| Sep 27, 2025 | 28.57% |
| Jun 28, 2025 | 28.62% |
| Mar 29, 2025 | 24.70% |
| Dec 28, 2024 | 30.87% |
| Sep 28, 2024 | 30.37% |
| Jun 29, 2024 | 25.63% |
| Mar 30, 2024 | 24.84% |
| Dec 30, 2023 | 26.02% |
| Sep 30, 2023 | 24.66% |
| Jul 1, 2023 | 24.87% |
| Apr 1, 2023 | 20.95% |
| Dec 31, 2022 | 23.63% |
| Sep 24, 2022 | 24.45% |
| Jun 25, 2022 | 26.95% |
| Mar 26, 2022 | 23.00% |
| Dec 25, 2021 | 25.60% |
API Access
Garmin EBITDA Margin 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=ebitda-margin&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();