Garmin (GRMN) EBT Margin (2009 - 2026)
Garmin (GRMN) recorded EBT Margin of 32.20% in Q2 2026, up 5.73 percentage points from 26.47% a year earlier and up 5.25 percentage points from the prior quarter.
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Analysis
Garmin (GRMN) EBT Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Garmin's EBT Margin came in at 29.57% as of Jun 27, 2026, up 1.88 percentage points year-over-year; for FY2025, it was 27.80%, up 0.88 percentage points from FY2024.
- Annual EBT Margin has increased for three straight years, with a five-year change of +1.45 percentage points (FY2020 to FY2025).
- Across earlier years, EBT Margin came in at 26.92% in FY2024 (+3.97 pp), 22.96% in FY2023 (+1.05 pp), 21.91% in FY2022 (-2.31 pp) and 24.22% in FY2021 (-2.14 pp).
- The Q2 2026 figure is the highest quarterly EBT Margin since Q3 2009.
- On a year-over-year basis, EBT Margin has increased for three consecutive quarters, with an average year-over-year change of +2.77 percentage points over the last eight quarters.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 8.77 percentage points in Q3 2024, against a drop of 7.25 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 26.95% (Q1 2026), 29.90% (Q4 2025) and 28.79% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 33.15% |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 28.59% |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 10.92% |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | 49.55% |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 87.55% |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 41.47% |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 86.66% |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 16.83% |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | -741.16% |
| 10 | Garmin | 55.35 Bn | 44.71 Bn | 1.26 Bn | 32.20% |
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% |
API Access
Garmin EBT 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=ebt-margin&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();