Garmin (GRMN) Net Margin (2009 - 2026)

Garmin (GRMN) posted Net Margin of 26.8% for Q2 2026, up 16.01% sequentially from 23.1% in Q1 2026, and up 471.0% YoY from 4.69% in Q2 2025.

Garmin (GRMN) Net Margin (2009 - 2026) Analysis & Trends

Garmin has reported Net Margin for 17 years, with the latest figure at 26.8% in Q2 2026.

Quarterly Net Margin rose 471.0% year-over-year to 26.8% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 24.47% (up 259.0% YoY) and the FY2025 annual result came in at 22.96%, up 197.0% from the prior year.
Net Margin advanced to 26.8% in Q2 2026 per GRMN's latest filing, from 23.1% in the prior quarter.
Over five years, Net Margin peaked at 26.8% in Q2 2026 and troughed at 17.63% in Q2 2023.
A 5-year average of 21.77% and a median of 21.74% in 2023 frame the typical range for Net Margin.
The sharpest annual moves came in 2024 and 2025: Net Margin tumbled 603 bps in 2024, then jumped 589 bps in 2025.
Over 5 years, Net Margin stood at 24.7% in 2022, then gained by 1 bps to 25.02% in 2023, then declined by 24 bps to 18.99% in 2024, then jumped by 31 bps to 24.88% in 2025, then climbed by 8 bps to 26.8% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 26.8%, 23.1%, and 24.88% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Garmin	56.50 Bn	53.83 Bn	1.26 Bn	26.80%
2	Keysight Technologies	54.05 Bn	51.64 Bn	1.18 Bn	20.33%
3	Coherent	51.08 Bn	49.09 Bn	787.08 Mn	11.76%
4	Teledyne Technologies	29.39 Bn	29.05 Bn	738.10 Mn	15.14%
5	Mks	19.03 Bn	18.41 Bn	595.00 Mn	14.02%
6	Fortive	18.08 Bn	17.71 Bn	695.30 Mn	14.34%
7	Trimble	13.91 Bn	13.70 Bn	674.90 Mn	-48.53%
8	Cognex	9.98 Bn	9.58 Bn	205.77 Mn	24.98%
9	Esco Technologies	7.37 Bn	7.30 Bn	141.52 Mn	9.66%
10	Sensata Technologies Holding	6.09 Bn	5.68 Bn	301.80 Mn	10.32%

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