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Garmin stock: key metrics
GRMNGarmin had an operating margin of 25.9% and a return on invested capital (ROIC) of 26% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 49.7% | 31.3% | 29.0% |
| 2007 | 46.0% | 28.5% | 26.9% |
| 2008 | 44.5% | 24.7% | 21.0% |
| 2009 | 49.0% | 26.7% | 23.9% |
| 2010 | 50.1% | 23.7% | 21.7% |
| 2011 | 48.5% | 20.1% | 18.9% |
| 2012 | 53.0% | 22.2% | 20.0% |
| 2013 | 53.5% | 21.8% | 23.3% |
| 2014 | 55.9% | 24.1% | 12.7% |
| 2015 | 54.6% | 19.5% | 16.2% |
| 2016 | 55.6% | 20.7% | 16.9% |
| 2017 | 57.8% | 21.7% | 22.5% |
| 2018 | 59.1% | 23.3% | 20.7% |
| 2019 | 59.5% | 25.2% | 25.3% |
| 2020 | 59.3% | 25.2% | 23.7% |
| 2021 | 58.0% | 24.5% | 21.7% |
| 2022 | 57.7% | 21.1% | 20.0% |
| 2023 | 57.5% | 20.9% | 24.7% |
| 2024 | 58.7% | 25.3% | 22.4% |
| 2025 | 58.7% | 25.9% | 23.0% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 33.0% | 41.8% | 27.1% |
| 2007 | 36.4% | 57.6% | 26.0% |
| 2008 | 32.9% | 44.3% | 25.1% |
| 2009 | 24.8% | 42.2% | 18.4% |
| 2010 | 19.2% | 36.5% | 14.7% |
| 2011 | 16.0% | 27.4% | 11.6% |
| 2012 | 15.4% | 26.3% | 11.3% |
| 2013 | 16.7% | 24.0% | 12.6% |
| 2014 | 10.7% | 15.9% | 7.8% |
| 2015 | 13.6% | 20.4% | 10.1% |
| 2016 | 14.9% | 22.0% | 11.3% |
| 2017 | 18.3% | 26.5% | 13.9% |
| 2018 | 16.7% | 23.7% | 12.9% |
| 2019 | 19.9% | 29.3% | 15.4% |
| 2020 | 18.0% | 26.4% | 14.1% |
| 2021 | 17.7% | 27.0% | 13.8% |
| 2022 | 15.7% | 20.4% | 12.6% |
| 2023 | 18.4% | 21.8% | 15.0% |
| 2024 | 18.0% | 24.9% | 14.7% |
| 2025 | 18.5% | 26.0% | 15.1% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 27 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 31 Jan 2023)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.