Garmin (GRMN) vs Illinois Tool Works (ITW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Garmin (GRMN) has outperformed Illinois Tool Works (ITW) over the past year, gaining 3.3% versus a gain of 2.1%. Over five years, GRMN leads with a +71.9% price change compared with +16.9% for ITW. Illinois Tool Works is the larger company by market cap ($75.39 billion vs $51.77 billion), about 1.5 times the size, while Garmin is growing revenue faster (+15.1% vs +0.9%).
On valuation, Illinois Tool Works trades at a lower forward P/E (21.4x vs 24.1x for Garmin). Illinois Tool Works offers the higher dividend yield (2.43% vs 1.56%). Garmin converts more of its revenue into profit, with a net margin of 23.0% versus 19.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | GRMN | ITW |
|---|---|---|
| Share price | $268.44 | $264.71 |
| Market cap | $51.77B | $75.39B |
| 1-day change | -2.80% | +1.36% |
| YTD return | +32.33% | +6.03% |
| 1-year return | +3.34% | +2.11% |
| 5-year return | +71.93% | +16.86% |
| P/E ratio (TTM) | 27.70 | 24.00 |
| Forward P/E | 24.11 | 21.37 |
| EPS (TTM) | $9.69 | $11.03 |
| Dividend yield | 1.56% | 2.43% |
| Annual dividend | $4.20 | $6.44 |
| Revenue (latest FY) | $7.25B | $16.04B |
| Revenue growth (YoY) | +15.06% | +0.92% |
| Net income (latest FY) | $1.66B | $3.07B |
| Gross margin | 58.74% | 52.90% |
| Operating margin | 25.89% | 26.28% |
| Net margin | 22.96% | 19.11% |
| 52-week high | $314.28 | $303.16 |
| 52-week low | $186.67 | $238.82 |
| Distance from 52-week high | -14.59% | -12.68% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +12.50% | +13.25% |
| Average volume | 902.38K | 1.31M |
| Shares outstanding | 192.85M | 284.80M |
| Employees | 23,000 | 43,000 |
| Sector | Industrials | Industrials |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Garmin grew revenue faster in its latest fiscal year (+15.06% vs +0.92%).
About Garmin
GRMN stock →Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide.
Industrials · Industrial Machinery/Components · 23,000 employees
About Illinois Tool Works
ITW stock →Illinois Tool Works Inc. provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America.
Industrials · Industrial Machinery/Components · 43,000 employees
GRMN vs ITW FAQ
Which is bigger, Garmin or Illinois Tool Works?
Illinois Tool Works (ITW) is larger, with a market capitalization of $75.39B compared with $51.77B for Garmin (GRMN).
Which stock has performed better over the past year, GRMN or ITW?
GRMN returned +3.34% over the past 12 months, compared with +2.11% for ITW (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, GRMN or ITW?
ITW has the lower trailing P/E at 24.0, versus 27.7 for GRMN. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Garmin or Illinois Tool Works?
Illinois Tool Works has the higher yield at 2.43%, compared with 1.56% for Garmin.
Are Garmin and Illinois Tool Works in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.