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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) Net Margin (2017 - 2025)

Garmin's Net Margin history spans 15 years, with the latest figure at 36.84% for Q4 2025.

  • For Q4 2025, Net Margin rose 686.0% year-over-year to 36.84%; the TTM value through Dec 2025 reached 29.55%, up 301.0%, while the annual FY2025 figure was 26.29%, 81.0% up from the prior year.
  • Net Margin for Q4 2025 was 36.84% at Garmin, up from 27.61% in the prior quarter.
  • Across five years, Net Margin topped out at 36.84% in Q4 2025 and bottomed at 19.33% in Q2 2023.
  • The 5-year median for Net Margin is 24.09% (2021), against an average of 25.01%.
  • The largest annual shift saw Net Margin tumbled -749bps in 2022 before it surged 1052bps in 2024.
  • A 5-year view of Net Margin shows it stood at 34.47% in 2021, then fell by -22bps to 26.99% in 2022, then decreased by -7bps to 25.02% in 2023, then grew by 20bps to 29.98% in 2024, then rose by 23bps to 36.84% in 2025.
  • Per Business Quant, the three most recent readings for GRMN's Net Margin are 36.84% (Q4 2025), 27.61% (Q3 2025), and 26.47% (Q2 2025).