Garmin (GRMN) FCF Margin (2009 - 2026)
Garmin's FCF Margin was 13.64% in Q2 2026, up 6.61 percentage points from 7.03% a year earlier but down 13.13 percentage points from the prior quarter.
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Analysis
Garmin (GRMN) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Garmin's FCF Margin was 20.85% through Jun 27, 2026, up 4.18 percentage points year-over-year; for FY2025, it was 18.81%, down 0.86 percentage points from FY2024.
- FCF Margin shows a five-year change of -3.88 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 19.67% in FY2024 (-2.95 pp), 22.62% in FY2023 (+11.43 pp), 11.19% in FY2022 (-2.95 pp) and 14.14% in FY2021 (-8.54 pp).
- Quarterly FCF Margin has moved between 0.38% (Q2 2022) and 29.11% (Q1 2024) over five years.
- Compared with a year earlier, FCF Margin was higher in three of the last eight quarters, with an average year-over-year change of -1.44 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q4 2022 (a gain of 20.14 percentage points); the worst was Q4 2021 (a drop of 25.13 percentage points).
- Per Business Quant data, GRMN's FCF Margin in the three quarters before Q2 2026 was 26.77% (Q1 2026), 20.22% (Q4 2025) and 24.00% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 29.17% |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 28.96% |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 2.10% |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | 34.70% |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 79.01% |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 30.81% |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 34.19% |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 6.96% |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | 19.50% |
| 10 | Garmin | 55.35 Bn | 44.71 Bn | 1.26 Bn | 13.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 13.64% |
| 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% |
API Access
Garmin FCF 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=fcf-margin&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();