Garmin (GRMN) FCF Margin (2009 - 2026)
Garmin's (GRMN) quarterly FCF Margin came in at 26.77% in Q1 2026, up 197.0% year-on-year from 9.01% in Q1 2025, and up 32.4% quarter-over-quarter from 20.22% in Q4 2025.
Garmin (GRMN) FCF Margin (2009 - 2026) Analysis & Trends
Garmin has disclosed FCF Margin across 17 years of filings, most recently posting 26.77% for Q1 2026.
- FCF Margin for Q1 2026 came in at 26.77%, up 197.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.45% (up 57.0% YoY), and the FY2025 annual result was 18.81%, down 86.0% from the prior year.
- FCF Margin came in at 26.77% for Q1 2026 at Garmin, up from 20.22% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 29.11% in Q1 2024 to a low of 0.38% in Q2 2022.
- The 5-year median for FCF Margin is 20.25% (2023), against an average of 18.57%.
- Peak annual rise in FCF Margin reached 2014 bps in 2022, while the deepest fall reached 2017 bps in 2022.
- Garmin's FCF Margin stood at 23.68% in 2022, then climbed by 19 bps to 28.15% in 2023, then fell by 22 bps to 21.9% in 2024, then fell by 8 bps to 20.22% in 2025, then soared by 32 bps to 26.77% in 2026.
- The last three FCF Margin figures came in at 26.77% (Q1 2026), 20.22% (Q4 2025), and 24.0% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 75.99 Bn | 74.70 Bn | 679.95 Mn | -2.11% |
| 2 | Keysight Technologies | 56.90 Bn | 54.72 Bn | 995.00 Mn | 25.44% |
| 3 | Garmin | 45.32 Bn | 42.62 Bn | 1.04 Bn | 26.77% |
| 4 | Teledyne Technologies | 28.36 Bn | 28.06 Bn | 673.80 Mn | 13.10% |
| 5 | Mks | 21.03 Bn | 20.46 Bn | 507.00 Mn | 2.60% |
| 6 | Fortive | 18.96 Bn | 18.61 Bn | 675.50 Mn | 19.47% |
| 7 | Trimble | 12.56 Bn | 12.32 Bn | 646.30 Mn | 28.58% |
| 8 | Cognex | 10.39 Bn | 10.09 Bn | 190.94 Mn | 15.77% |
| 9 | Esco Technologies | 7.65 Bn | 7.56 Bn | 131.32 Mn | 18.92% |
| 10 | Sensata Technologies Holding | 7.33 Bn | 6.69 Bn | 286.30 Mn | 11.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 26.77% |
| Dec 27, 2025 | 20.22% |
| Sep 27, 2025 | 24.00% |
| Jun 28, 2025 | 7.03% |
| Mar 29, 2025 | 24.80% |
| Dec 28, 2024 | 21.90% |
| Sep 28, 2024 | 13.83% |
| Jun 29, 2024 | 14.48% |
| Mar 30, 2024 | 29.11% |
| Dec 30, 2023 | 28.15% |
| Sep 30, 2023 | 24.41% |
| Jul 1, 2023 | 16.75% |
| Apr 1, 2023 | 20.25% |
| Dec 31, 2022 | 23.68% |
| Sep 24, 2022 | 9.12% |
| Jun 25, 2022 | 0.38% |
| Mar 26, 2022 | 10.74% |
| Dec 25, 2021 | 3.54% |
| Sep 25, 2021 | 17.11% |
| Jun 26, 2021 | 9.05% |