Garmin Ltd. (GRMN) Gross Margin: 59.14%
Is Garmin Ltd.’s gross margin high or low?
Garmin Ltd.'s gross margin of 59.14% is in line with its 5-year average of 58.32%, near the high end of its 5-year range (57.48%–59.27%).
As of Sunday, June 14, 2026. 0.72% above its 12-month average of 58.72%.
GRMN Gross Margin Chart
GRMN Average Gross Margin Chart
GRMN Current vs Average Gross Margin Chart
GRMN Gross Margin Metrics
GROSS MARGIN
59.14%
GROSS MARGIN AVG TTM
58.72%
GROSS MARGIN AVG 3Y
58.17%
GROSS MARGIN AVG 5Y
58.32%
GROSS MARGIN AVG 10Y
57.86%
GROSS MARGIN AVG 15Y
56.09%
GROSS MARGIN AVG 20Y
54.22%
CURRENT VS TTM AVG
+0.72%
CURRENT VS 3Y AVG
+1.67%
CURRENT VS 5Y AVG
+1.40%
CURRENT VS 10Y AVG
+2.21%
CURRENT VS 15Y AVG
+5.44%
CURRENT VS 20Y AVG
+9.07%
GRMN Competitors' Gross Margin
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Garmin Ltd. (GRMN) | $45.92B | 59.14% | 58.72% | 58.17% | 58.32% |
| ON Semiconductor Corporation (ON) | $45.77B | 37.22% | 38.85% | 43.43% | 41.11% |
| GLOBALFOUNDRIES Inc. (GFS) | $44.63B | 26.40% | 24.82% | 26.42% | 17.73% |
| Autodesk, Inc. (ADSK) | $41.90B | 91.14% | 90.78% | 90.67% | 90.71% |
| Block, Inc. (XYZ) | $41.38B | 44.85% | 39.84% | 37.02% | 33.65% |
| Microchip Technology Incorporated (MCHP) | $51.63B | 57.73% | 56.90% | 61.69% | 62.35% |
| Block, Inc. (SQ) | $51.73B | 44.85% | 39.84% | 37.02% | 33.65% |
| Ubiquiti Inc. (UI) | $35.63B | 46.02% | 40.89% | 40.14% | 42.66% |
| Fiserv, Inc. (FI) | $34.31B | 30.86% | 30.41% | 43.90% | 45.48% |
| Workday, Inc. (WDAY) | $34.26B | 75.77% | 75.60% | 74.82% | 73.96% |
Gross Margin Analysis
Gross Margin
59.1%
(Revenue - COGS) / Revenue
Garmin Ltd. Gross Margin Formula & Definition
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Garmin Ltd. Gross Margin FAQ
- What is the gross margin for Garmin Ltd. (GRMN)?
- The gross margin for GRMN stock is 59.14%.
- Is Garmin Ltd.'s gross margin high or low?
- Garmin Ltd.'s gross margin of 59.14% is in line with its 5-year average of 58.32%, near the high end of its 5-year range (57.48%–59.27%).
- What is the TTM average gross margin for Garmin Ltd. (GRMN)?
- The TTM average gross margin for GRMN stock is 58.72%.
- What is the 3Y average gross margin for Garmin Ltd. (GRMN)?
- The 3Y average gross margin for GRMN stock is 58.17%.
- What is the 5Y average gross margin for Garmin Ltd. (GRMN)?
- The 5Y average gross margin for GRMN stock is 58.32%.
- What is the 10Y average gross margin for Garmin Ltd. (GRMN)?
- The 10Y average gross margin for GRMN stock is 57.86%.
- What is the 15Y average gross margin for Garmin Ltd. (GRMN)?
- The 15Y average gross margin for GRMN stock is 56.09%.
- What is the 20Y average gross margin for Garmin Ltd. (GRMN)?
- The 20Y average gross margin for GRMN stock is 54.22%.
Garmin Ltd. Gross Margin History
| DATE | GROSS MARGIN |
|---|---|
| 2025-12-27 | 58.74% |
| 2024-12-28 | 58.70% |
| 2023-12-31 | 57.48% |
| 2022-12-31 | 57.75% |
| 2021-12-31 | 58.01% |
| 2020-12-31 | 59.27% |
| 2019-12-31 | 59.45% |
| 2018-12-31 | 59.14% |
| 2017-12-31 | 57.76% |
| 2016-12-31 | 55.64% |
| 2015-12-31 | 54.56% |
| 2014-12-31 | 55.89% |
| 2013-12-31 | 53.47% |
| 2012-12-31 | 52.97% |
| 2011-12-31 | 48.52% |
| 2010-12-31 | 50.05% |
| 2009-12-31 | 49.01% |
| 2008-12-31 | 44.46% |
| 2007-12-31 | 46.01% |
| 2006-12-31 | 49.74% |
| 2005-12-31 | 52.06% |
| 2004-12-31 | 53.93% |
| 2003-12-31 | 57.69% |
| 2002-12-31 | 54.83% |
| 2001-12-31 | 53.68% |
| 2000-12-31 | 55.33% |
| 1999-12-31 | 56.97% |
Related Metrics
About Garmin Ltd.
Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Clifton Albert Pemble