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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Garmin (GRMN) Gross Margin (2017 - 2026)

Garmin's Gross Margin history spans 17 years, with the latest figure at 59.44% for Q1 2026.

  • On a quarterly basis, Gross Margin rose 182.0% to 59.44% in Q1 2026 year-over-year; TTM through Mar 2026 was 59.14%, a 55.0% increase, with the full-year FY2025 number at 58.74%, up 4.0% from a year prior.
  • Gross Margin hit 59.44% in Q1 2026 for Garmin, roughly flat from 59.21% in the prior quarter.
  • Over the last five years, Gross Margin for GRMN hit a ceiling of 60.0% in Q3 2024 and a floor of 56.49% in Q1 2022.
  • Historically, Gross Margin has averaged 58.21% across 5 years, with a median of 58.29% in 2023.
  • Biggest five-year swings in Gross Margin: plummeted -333bps in 2022 and later soared 297bps in 2024.
  • Tracing GRMN's Gross Margin over 5 years: stood at 57.03% in 2022, then grew by 2bps to 58.29% in 2023, then rose by 2bps to 59.25% in 2024, then fell by 0bps to 59.21% in 2025, then increased by 0bps to 59.44% in 2026.
  • Business Quant data shows Gross Margin for GRMN at 59.44% in Q1 2026, 59.21% in Q4 2025, and 59.09% in Q3 2025.