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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 - 2025)

Garmin's Gross Margin history spans 15 years, with the latest figure at 59.21% for Q4 2025.

  • For Q4 2025, Gross Margin fell 4.0% year-over-year to 59.21%; the TTM value through Dec 2025 reached 58.74%, up 4.0%, while the annual FY2025 figure was 58.74%, 4.0% up from the prior year.
  • Gross Margin for Q4 2025 was 59.21% at Garmin, roughly flat from 59.09% in the prior quarter.
  • Across five years, Gross Margin topped out at 60.0% in Q3 2024 and bottomed at 55.48% in Q4 2021.
  • The 5-year median for Gross Margin is 58.34% (2021), against an average of 58.13%.
  • The largest annual shift saw Gross Margin crashed -333bps in 2022 before it surged 297bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 55.48% in 2021, then increased by 3bps to 57.03% in 2022, then rose by 2bps to 58.29% in 2023, then increased by 2bps to 59.25% in 2024, then decreased by 0bps to 59.21% in 2025.
  • Per Business Quant, the three most recent readings for GRMN's Gross Margin are 59.21% (Q4 2025), 59.09% (Q3 2025), and 58.8% (Q2 2025).