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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) Operating Margin (2017 - 2025)

Garmin (GRMN) has disclosed Operating Margin for 16 consecutive years, with 51.33% as the latest value for Q4 2025.

  • Quarterly Operating Margin fell 7964.0% to 51.33% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 2.36% through Dec 2025, down 2295.0% year-over-year, with the annual reading at 2.36% for FY2025, 2295.0% down from the prior year.
  • Operating Margin hit 51.33% in Q4 2025 for Garmin, down from 25.79% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 28.32% in Q4 2024 to a low of 51.33% in Q4 2025.
  • Historically, Operating Margin has averaged 16.03% across 5 years, with a median of 22.16% in 2021.
  • Biggest five-year swings in Operating Margin: surged 7214bps in 2024 and later tumbled -7964bps in 2025.
  • Year by year, Operating Margin stood at 22.64% in 2021, then dropped by -10bps to 20.45% in 2022, then plummeted by -314bps to 43.82% in 2023, then surged by 165bps to 28.32% in 2024, then crashed by -281bps to 51.33% in 2025.
  • Business Quant data shows Operating Margin for GRMN at 51.33% in Q4 2025, 25.79% in Q3 2025, and 26.03% in Q2 2025.