Garmin (GRMN) EBT Margin (2009 - 2026)
Garmin's (GRMN) quarterly EBT Margin came in at 26.95% in Q1 2026, up 160.0% year-on-year from 10.36% in Q1 2025, and down 9.88% quarter-over-quarter from 29.9% in Q4 2025.
Garmin (GRMN) EBT Margin (2009 - 2026) Analysis & Trends
Garmin has disclosed EBT Margin across 17 years of filings, most recently posting 26.95% for Q1 2026.
- EBT Margin for Q1 2026 came in at 26.95%, up 160.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 28.11% (up 86.0% YoY), and the FY2025 annual result was 27.8%, up 88.0% from the prior year.
- EBT Margin came in at 26.95% for Q1 2026 at Garmin, down from 29.9% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 30.66% in Q3 2024 to a low of 19.31% in Q3 2022.
- The 5-year median for EBT Margin is 25.25% (2022), against an average of 24.85%.
- Across the five-year window, EBT Margin sank 556 bps in 2022 and jumped 877 bps in 2024, its largest moves.
- Garmin's EBT Margin stood at 25.25% in 2022, then rose by 2 bps to 25.84% in 2023, then gained by 10 bps to 28.32% in 2024, then advanced by 6 bps to 29.9% in 2025, then declined by 10 bps to 26.95% in 2026.
- The last three EBT Margin figures came in at 26.95% (Q1 2026), 29.9% (Q4 2025), and 28.79% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 67.67 Bn | 66.37 Bn | 679.95 Mn | 10.21% |
| 2 | Keysight Technologies | 57.00 Bn | 54.83 Bn | 995.00 Mn | 12.38% |
| 3 | Garmin | 45.82 Bn | 43.12 Bn | 1.04 Bn | 26.95% |
| 4 | Teledyne Technologies | 28.64 Bn | 28.34 Bn | 673.80 Mn | 17.86% |
| 5 | Mks | 21.67 Bn | 21.10 Bn | 507.00 Mn | 9.46% |
| 6 | Fortive | 19.42 Bn | 19.07 Bn | 675.50 Mn | 15.30% |
| 7 | Trimble | 12.42 Bn | 12.19 Bn | 646.30 Mn | 13.97% |
| 8 | Cognex | 10.23 Bn | 9.94 Bn | 190.94 Mn | 23.01% |
| 9 | Esco Technologies | 7.86 Bn | 7.77 Bn | 131.32 Mn | 14.18% |
| 10 | Sensata Technologies Holding | 7.28 Bn | 6.64 Bn | 286.30 Mn | 12.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 26.95% |
| Dec 27, 2025 | 29.90% |
| Sep 27, 2025 | 28.79% |
| Jun 28, 2025 | 26.47% |
| Mar 29, 2025 | 25.35% |
| Dec 28, 2024 | 28.32% |
| Sep 28, 2024 | 30.66% |
| Jun 29, 2024 | 24.29% |
| Mar 30, 2024 | 23.67% |
| Dec 30, 2023 | 25.84% |
| Sep 30, 2023 | 21.88% |
| Jul 1, 2023 | 23.92% |
| Apr 1, 2023 | 19.33% |
| Dec 31, 2022 | 25.25% |
| Sep 24, 2022 | 19.31% |
| Jun 25, 2022 | 22.48% |
| Mar 26, 2022 | 20.11% |
| Dec 25, 2021 | 22.19% |
| Sep 25, 2021 | 23.10% |
| Jun 26, 2021 | 28.04% |