Garmin Ltd. (GRMN) vs Lumentum Holdings Inc. (LITE)

A side-by-side comparison of Garmin Ltd. and Lumentum Holdings Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 29, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnGRMN vs LITE

growth of $100 · dividends reinvested · last 11y
GRMN +708.2%LITE +3734.9%LITE compounded faster
02k4k6kStart $10020172019202120232025$808$3,835
GRMN LITE

GRMN vs LITE: by the numbers

  • LITE is the larger company ($50.72B vs $48.92B market cap).
  • GRMN trades at the lower trailing earnings multiple (28.28 vs 120.73 P/E), one valuation lens rather than an overall verdict.
  • GRMN converts more revenue to profit (23.26% vs 17.68% net margin).
  • GRMN grew revenue faster over the past five years (11.13% vs -1.01% CAGR).
  • GRMN pays a dividend (1.48% yield), while LITE has no payments in the available dividend history.

Metrics side by side

Valuation

MetricGRMNLITE
P/E ratio28.28120.73
Forward P/E26.3179.26
P/S ratio6.5825.20
P/B ratio5.3021.09
PEG ratio1.34N/A
EV / EBITDA21.68125.37
FCF yield2.96%0.44%

Profitability

MetricGRMNLITE
Gross margin59.14%27.96%
Operating margin26.46%-11.68%
Net margin23.26%17.68%
ROE18.73%14.79%
ROIC16.65%0.75%

Dividends

MetricGRMNLITE
Dividend yield1.48%N/A
Payout ratio43.35%N/A

Growth (annualized)

MetricGRMNLITE
Revenue CAGR (5Y)11.13%-1.01%
EPS CAGR (5Y)9.55%-26.64%
FCF CAGR (5Y)5.80%-7.72%
Total return CAGR (5Y)12.59%50.92%

Frequently asked

Which has the lower trailing P/E, GRMN or LITE?
GRMN has the lower trailing P/E: GRMN trades at 28.28 and LITE at 120.73. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, GRMN or LITE?
Over the past five years, GRMN grew revenue faster — GRMN at a 11.13% CAGR versus LITE at -1.01%.
Does GRMN or LITE pay a bigger dividend?
GRMN pays a dividend (1.48% yield), while LITE has no payments in the available dividend history.
Is GRMN or LITE more profitable?
GRMN runs the higher net margin — GRMN at 23.26% versus LITE at 17.68%.
How have GRMN and LITE total returns compared?
Over the past 10 years, GRMN delivered 19.91% and LITE delivered 35.85% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 29, 2026.