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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 - 2026)

Garmin's Net Margin history spans 17 years, with the latest figure at 23.1% for Q1 2026.

  • On a quarterly basis, Net Margin rose 142.0% to 23.1% in Q1 2026 year-over-year; TTM through Mar 2026 was 24.37%, a 123.0% decrease, with the full-year FY2025 number at 24.1%, down 121.0% from a year prior.
  • Net Margin hit 23.1% in Q1 2026 for Garmin, down from 28.76% in the prior quarter.
  • Over the last five years, Net Margin for GRMN hit a ceiling of 33.93% in Q4 2024 and a floor of 17.63% in Q2 2023.
  • Historically, Net Margin has averaged 22.58% across 5 years, with a median of 21.8% in 2023.
  • Biggest five-year swings in Net Margin: skyrocketed 891bps in 2024 and later tumbled -516bps in 2025.
  • Tracing GRMN's Net Margin over 5 years: stood at 24.7% in 2022, then rose by 1bps to 25.02% in 2023, then surged by 36bps to 33.93% in 2024, then dropped by -15bps to 28.76% in 2025, then decreased by -20bps to 23.1% in 2026.
  • Business Quant data shows Net Margin for GRMN at 23.1% in Q1 2026, 28.76% in Q4 2025, and 22.68% in Q3 2025.