Garmin Ltd. (GRMN) Net Profit Margin: 23.26%
Is Garmin Ltd.’s net profit margin high or low?
Garmin Ltd.'s net profit margin of 23.26% is in line with its 5-year average of 22.58%, around the middle of its 5-year range (20.03%–24.67%).
As of Sunday, June 14, 2026. 2.53% above its 12-month average of 22.69%.
GRMN Net Profit Margin Chart
GRMN Average Net Profit Margin Chart
GRMN Current vs Average Net Profit Margin Chart
GRMN Net Profit Margin Metrics
NET PROFIT MARGIN
23.26%
NET PROFIT MARGIN AVG TTM
22.69%
NET PROFIT MARGIN AVG 3Y
22.52%
NET PROFIT MARGIN AVG 5Y
22.58%
NET PROFIT MARGIN AVG 10Y
21.56%
NET PROFIT MARGIN AVG 15Y
20.86%
NET PROFIT MARGIN AVG 20Y
22.13%
CURRENT VS TTM AVG
+2.53%
CURRENT VS 3Y AVG
+3.30%
CURRENT VS 5Y AVG
+3.00%
CURRENT VS 10Y AVG
+7.88%
CURRENT VS 15Y AVG
+11.52%
CURRENT VS 20Y AVG
+5.11%
GRMN Competitors' Net Profit Margin
| NAME | MARKET CAP | NET PROFIT MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Garmin Ltd. (GRMN) | $45.92B | 23.26% | 22.69% | 22.52% | 22.58% |
| ON Semiconductor Corporation (ON) | $45.77B | 9.46% | 12.12% | 18.39% | 15.50% |
| GLOBALFOUNDRIES Inc. (GFS) | $44.63B | 11.37% | 4.55% | 10.19% | 1.52% |
| Autodesk, Inc. (ADSK) | $41.90B | 19.49% | 16.87% | 16.66% | 18.31% |
| Block, Inc. (XYZ) | $41.38B | 3.30% | 8.71% | 3.59% | 2.93% |
| Microchip Technology Incorporated (MCHP) | $51.63B | 4.29% | 2.14% | 13.95% | 13.51% |
| Block, Inc. (SQ) | $51.73B | -2.04% | 6.00% | 2.24% | 2.02% |
| Ubiquiti Inc. (UI) | $35.63B | 30.43% | 22.91% | 22.30% | 25.21% |
| Fiserv, Inc. (FI) | $34.31B | 15.17% | 15.87% | 15.52% | 12.79% |
| Workday, Inc. (WDAY) | $34.26B | 8.60% | 6.75% | 6.65% | 3.44% |
Margin Comparison
Operating Margin
26.5%
Net Profit Margin
23.3%
Garmin Ltd. Net Profit Margin Formula & Definition
Net Profit Margin = Net Income / Revenue
Net profit margin is the percentage of revenue that becomes net income after all expenses, taxes, and interest.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Garmin Ltd. Net Profit Margin FAQ
- What is the net profit margin for Garmin Ltd. (GRMN)?
- The net profit margin for GRMN stock is 23.26%.
- Is Garmin Ltd.'s net profit margin high or low?
- Garmin Ltd.'s net profit margin of 23.26% is in line with its 5-year average of 22.58%, around the middle of its 5-year range (20.03%–24.67%).
- What is the TTM average net profit margin for Garmin Ltd. (GRMN)?
- The TTM average net profit margin for GRMN stock is 22.69%.
- What is the 3Y average net profit margin for Garmin Ltd. (GRMN)?
- The 3Y average net profit margin for GRMN stock is 22.52%.
- What is the 5Y average net profit margin for Garmin Ltd. (GRMN)?
- The 5Y average net profit margin for GRMN stock is 22.58%.
- What is the 10Y average net profit margin for Garmin Ltd. (GRMN)?
- The 10Y average net profit margin for GRMN stock is 21.56%.
- What is the 15Y average net profit margin for Garmin Ltd. (GRMN)?
- The 15Y average net profit margin for GRMN stock is 20.86%.
- What is the 20Y average net profit margin for Garmin Ltd. (GRMN)?
- The 20Y average net profit margin for GRMN stock is 22.13%.
Garmin Ltd. Net Profit Margin History
| DATE | NET PROFIT MARGIN |
|---|---|
| 2025-12-27 | 22.96% |
| 2024-12-28 | 22.41% |
| 2023-12-31 | 24.67% |
| 2022-12-31 | 20.03% |
| 2021-12-31 | 21.72% |
| 2020-12-31 | 23.70% |
| 2019-12-31 | 25.35% |
| 2018-12-31 | 20.73% |
| 2017-12-31 | 22.51% |
| 2016-12-31 | 16.92% |
| 2015-12-31 | 16.18% |
| 2014-12-31 | 12.69% |
| 2013-12-31 | 23.27% |
| 2012-12-31 | 19.97% |
| 2011-12-31 | 18.88% |
| 2010-12-31 | 21.73% |
| 2009-12-31 | 23.89% |
| 2008-12-31 | 20.97% |
| 2007-12-31 | 26.88% |
| 2006-12-31 | 28.98% |
| 2005-12-31 | 30.28% |
| 2004-12-31 | 26.98% |
| 2003-12-31 | 31.18% |
| 2002-12-31 | 30.70% |
| 2001-12-31 | 30.73% |
| 2000-12-31 | 30.56% |
| 1999-12-31 | 27.59% |
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