Garmin (GRMN) EBT Margin (2009 - 2026)
Garmin's (GRMN) quarterly EBT Margin came in at 32.2% in Q2 2026, up 573.0% year-over-year from 4.78% in Q2 2025, and up 19.48% quarter-over-quarter from 26.95% in Q1 2026.
Analysis
Garmin (GRMN) EBT Margin (2009 - 2026) Analysis & Trends
Garmin has disclosed EBT Margin across 17 years of filings, most recently posting 32.2% for Q2 2026.
- In Q2 2026, EBT Margin rose 573.0% year-over-year to 32.2%; the TTM figure through Jun 2026 stood at 29.57% (up 188.0% YoY), while the FY2025 annual figure was 27.8%, up 88.0% from the prior year.
- EBT Margin came in at 32.2% for Q2 2026 at Garmin, up from 26.95% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 32.2% in Q2 2026 to a low of 19.31% in Q3 2022.
- Average EBT Margin over 5 years is 25.26%, with a median of 25.3% recorded in 2022.
- Year-over-year, EBT Margin plunged 556 bps in 2022 and surged 877 bps in 2024.
- Over 5 years, 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 rose by 8 bps to 32.2% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 32.2% in Q2 2026, 26.95% in Q1 2026, and 29.9% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,784.34 Bn | 4,721.94 Bn | 54.77 Bn | 33.15% |
| 2 | Garmin | 52.47 Bn | 49.80 Bn | 1.26 Bn | 32.20% |
| 3 | Vuzix | 212.26 Mn | 194.96 Mn | -645,411.00 | -685.11% |
| 4 | Zepp Health | 77.84 Mn | 8.18 Mn | 23.73 Mn | -16.00% |
| 5 | Foxx Development Holdings | 18.87 Mn | 15.68 Mn | -1.45 Mn | -418.52% |
| 6 | Wearable Devices | 741,166.25 | -18.10 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 32.20% |
| 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% |