Garmin (GRMN) FCF Margin (2009 - 2026)

Garmin (GRMN) posted FCF Margin of 13.64% for Q2 2026, down 49.05% sequentially from 26.77% in Q1 2026, and up 661.0% YoY from 1.79% in Q2 2025.

Garmin (GRMN) FCF Margin (2009 - 2026) Analysis & Trends

Garmin has reported FCF Margin for 17 years, with the latest figure at 13.64% in Q2 2026.

Quarterly FCF Margin rose 661.0% year-over-year to 13.64% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 20.85% (up 418.0% YoY) and the FY2025 annual result came in at 18.81%, down 86.0% from the prior year.
FCF Margin declined to 13.64% in Q2 2026 per GRMN's latest filing, from 26.77% in the prior quarter.
Over five years, FCF Margin peaked at 29.11% in Q1 2024 and troughed at 0.38% in Q2 2022.
A 5-year average of 18.29% and a median of 20.24% in 2023 frame the typical range for FCF Margin.
The widest YoY moves for FCF Margin: up 2014 bps in 2022, down 2017 bps in 2022.
Over 5 years, FCF Margin stood at 23.68% in 2022, then increased by 19 bps to 28.15% in 2023, then decreased by 22 bps to 21.9% in 2024, then decreased by 8 bps to 20.22% in 2025, then slumped by 33 bps to 13.64% in 2026.
According to Business Quant data, FCF Margin over the past three periods registered 13.64%, 26.77%, and 20.22% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	Garmin	56.50 Bn	53.83 Bn	1.26 Bn	13.64%
2	Keysight Technologies	54.05 Bn	51.64 Bn	1.18 Bn	27.49%
3	Coherent	51.08 Bn	49.09 Bn	787.08 Mn	-23.77%
4	Teledyne Technologies	29.39 Bn	29.05 Bn	738.10 Mn	17.12%
5	Mks	19.03 Bn	18.41 Bn	595.00 Mn	15.14%
6	Fortive	18.08 Bn	17.71 Bn	695.30 Mn	23.53%
7	Trimble	13.91 Bn	13.70 Bn	674.90 Mn	23.99%
8	Cognex	9.98 Bn	9.58 Bn	205.77 Mn	23.22%
9	Esco Technologies	7.37 Bn	7.30 Bn	141.52 Mn	13.96%
10	Sensata Technologies Holding	6.09 Bn	5.68 Bn	301.80 Mn	18.82%

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