Garmin Financial Ratios
NYSE: GRMNIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:01 PM ET · Delayed 15 min
Garmin ratio analysis
Garmin earned a net margin of 23.0% in FY 2025, up from 22.4% a year earlier. Gross margin was 58.7% compared with a median of 58.0% over the prior 9 years. Return on equity reached 18.5%, meaning Garmin generated 0.19 dollars of profit for every dollar of shareholders' equity.
At the end of FY 2025, GRMN traded at 23.9 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 15.8 to 28.7, with a median of 19.4. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Garmin financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 23.92 | 28.68 | 19.16 | 18.31 | 23.97 | 23.25 | 19.74 | 17.16 | 15.84 | 17.76 |
| Price / sales | 5.46 | 6.39 | 4.71 | 3.66 | 0.01 | 0.01 | 4.98 | 3.54 | 3.58 | 0.00 |
| Price / book | 4.41 | 5.12 | 3.51 | 2.86 | 0.00 | 0.00 | 3.90 | 2.85 | 2.90 | 0.00 |
| Gross margin | 58.7% | 58.7% | 57.5% | 57.7% | 58.0% | 59.3% | 59.5% | 59.1% | 57.6% | 55.4% |
| Operating margin | 25.9% | 25.3% | 20.9% | 21.1% | 24.5% | 25.2% | 25.2% | 23.3% | 21.9% | 20.8% |
| Net margin | 23.0% | 22.4% | 24.7% | 20.0% | 21.7% | 23.7% | 25.3% | 20.7% | 22.7% | 17.0% |
| Free cash flow margin | 18.8% | 19.7% | 22.6% | 11.2% | 14.1% | 22.7% | 15.4% | 22.8% | 16.7% | 20.2% |
| Return on equity (ROE) | 18.5% | 18.0% | 18.4% | 15.7% | 17.7% | 18.0% | 19.9% | 16.7% | 18.4% | 15.0% |
| Return on assets (ROA) | 15.1% | 14.7% | 15.0% | 12.6% | 13.8% | 14.1% | 15.4% | 12.9% | 14.3% | 11.4% |
| Current ratio | 3.63 | 3.54 | 3.41 | 3.26 | 2.94 | 3.15 | 2.95 | 2.89 | 2.96 | 2.89 |
| Revenue growth | 15.1% | 20.4% | 7.6% | -2.5% | 19.0% | 11.4% | 12.2% | 7.2% | 2.5% | 8.0% |
| EPS growth | 17.7% | 8.8% | 33.1% | -10.2% | 8.5% | 3.6% | 36.3% | -2.7% | 37.7% | 14.2% |