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Garmin Ltd. (GRMN) Gross Margin

Annual Gross Margin:

58.70%+1.22%(+2.12%)
December 31, 2024

Summary

  • As of today, GRMN annual gross profit margin is 58.70%, with the most recent change of +1.22% (+2.12%) on December 31, 2024.
  • During the last 3 years, GRMN annual gross margin has risen by +0.69% (+1.19%).
  • GRMN annual gross margin is now -1.26% below its all-time high of 59.45%, reached on December 28, 2019.

Performance

1-Year Change

+2.12%

3-Year Change

+1.19%

5-Year Change

-1.26%

15-Year Change

+1.91%

GRMN Gross Margin Chart

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Highlights

Sector Percentile

66.75%
GRMN annual gross profit margin is higher than 66.75% of companies in Technology sector

Range

All-Time High

59.45%
GRMN annual gross profit margin is currently -1.26% below its historical high of 59.45%

3-Year Low

57.48%
GRMN annual gross profit margin is currently +2.12% above its 3-year low

Earnings dates

Last Annual Earnings Report Date

Dec 31, 2024
GRMN previous annual earnings announcement was published on Dec 31, 2024

Next Annual Earnings Report Date

Feb 18, 2026
GRMN next annual earnings announcement is scheduled for Feb 18, 2026

OtherGRMNprofitability metrics

Annual Revenue

$6.30B
GRMN annual revenue is $6.30 billion

Annual Gross Profit

$3.70B
GRMN annual gross profit is $3.70 billion

Annual Operating Margin

25.31%
GRMN annual operating profit margin is 25.31%

Annual Net Margin

22.41%
GRMN annual net profit margin is 22.41%

Quarterly Gross Margin:

59.09%+0.29%(+0.49%)
September 27, 2025

Summary

  • As of today, GRMN quarterly gross profit margin is 59.09%, with the most recent change of +0.29% (+0.49%) on September 27, 2025.
  • Over the past year, GRMN quarterly gross margin has dropped by -0.91% (-1.52%).
  • GRMN quarterly gross margin is now -2.70% below its all-time high of 60.73%, reached on September 28, 2019.

Performance

3-Month Change

+0.49%

1-Year Change

-1.52%

3-Year Change

+0.51%

5-Year Change

-1.88%

GRMN Quarterly Gross Margin Chart

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Highlights

Sector Percentile

67.03%
GRMN quarterly gross profit margin is higher than 67.03% of companies in Technology sector

Range

All-Time High

60.73%
GRMN quarterly gross profit margin is currently -2.70% below its historical high of 60.73%

3-Year Low

56.89%
GRMN quarterly gross profit margin is currently +3.87% above its 3-year low

Earnings dates

Last Quarterly Earnings Report Date

Sep 27, 2025
GRMN previous earnings announcement was published on Sep 27, 2025

Next Quarterly Earnings Report Date

Feb 18, 2026
GRMN next earnings announcement is scheduled for Feb 18, 2026

OtherGRMNprofitability metrics

Quarterly Revenue

$1.77B
GRMN quarterly revenue is $1.77 billion

Quarterly Gross Profit

$1.05B
GRMN quarterly gross profit is $1.05 billion

Quarterly Operating Margin

25.79%
GRMN quarterly operating profit margin is 25.79%

Quarterly Net Margin

22.68%
GRMN quarterly net profit margin is 22.68%

Gross Margin Formula

Gross Margin =  Gross Profit
Revenue ✕ 100%

Annual Gross Margin

58.70%
GRMN annual gross profit margin is 58.70%

Annual Gross Profit

$3.70B
GRMN annual gross profit is $3.70 billion

Annual Revenue

$6.30B
GRMN annual revenue is $6.30 billion

GRMN Gross Margin Trends

PeriodPeriodAnnualAnnualQuarterlyQuarterly
1Y1 Year+2.1%-1.5%
3Y3 Years+1.2%+0.5%
5Y5 Years-1.3%-1.9%

GRMN Gross Margin Highs & Lows

PeriodPeriodAnnual vs HighAnnual vs HighAnnual vs LowAnnual vs LowQuarter. vs HighQuarter. vs HighQuarter. vs LowQuarter. vs Low
3Y3-Yearat high+2.1%-1.5%+3.9%
5Y5-Year-1.3%+2.1%-1.9%+6.5%
All-TimeAll-Time-1.3%+32.0%-2.7%+43.8%

GRMN Gross Margin History

DateAnnualQuarterly
Sep 2025
-
59.09%(+0.5%)
Jun 2025
-
58.80%(+2.0%)
Mar 2025
-
57.62%(-2.8%)
Dec 2024
58.70%(+2.1%)
59.25%(-1.3%)
Sep 2024
-
60.00%(+4.8%)
Jun 2024
-
57.27%(-1.4%)
Mar 2024
-
58.06%(-0.4%)
Dec 2023
57.48%(-0.5%)
-
Dec 2023
-
58.29%(+2.2%)
Sep 2023
-
57.03%(-0.8%)
Jun 2023
-
57.50%(+1.1%)
Mar 2023
-
56.89%(-0.2%)
Dec 2022
57.75%(-0.4%)
57.03%(-3.0%)
Sep 2022
-
58.79%(+0.1%)
Jun 2022
-
58.74%(+4.0%)
Mar 2022
-
56.49%(+1.8%)
Dec 2021
58.01%(-2.1%)
55.48%(-5.0%)
Sep 2021
-
58.39%(-0.8%)
Jun 2021
-
58.85%(-1.6%)
Mar 2021
-
59.83%(+2.2%)
Dec 2020
59.27%(-0.3%)
58.53%(-2.8%)
Sep 2020
-
60.22%(+1.6%)
Jun 2020
-
59.25%(+0.1%)
Mar 2020
-
59.21%(+2.1%)
Dec 2019
59.45%(+0.5%)
58.01%(-4.5%)
Sep 2019
-
60.73%(+0.8%)
Jun 2019
-
60.26%(+2.2%)
Mar 2019
-
58.96%(+0.1%)
Dec 2018
59.14%(+2.7%)
58.92%(-0.7%)
Sep 2018
-
59.35%(+1.5%)
Jun 2018
-
58.50%(-2.5%)
Mar 2018
-
60.00%(+6.9%)
Dec 2017
57.60%(+3.9%)
56.11%(-3.7%)
Sep 2017
-
58.24%(+0.0%)
Jun 2017
-
58.22%(+0.2%)
Mar 2017
-
58.11%(+6.3%)
Dec 2016
55.44%(+1.6%)
54.69%(-2.7%)
Sep 2016
-
56.21%(-1.5%)
Jun 2016
-
57.04%(+4.7%)
Mar 2016
-
54.46%(+3.0%)
Dec 2015
54.56%(-2.4%)
52.88%(-0.8%)
Sep 2015
-
53.29%(-1.6%)
Jun 2015
-
54.18%(-7.8%)
Mar 2015
-
58.78%(+9.6%)
Dec 2014
55.89%(+4.5%)
53.63%(-4.9%)
Sep 2014
-
56.39%(-1.3%)
Jun 2014
-
57.14%(+0.7%)
Mar 2014
-
56.73%(+9.2%)
Dec 2013
53.47%
51.95%(-5.3%)
Sep 2013
-
54.83%(-0.5%)
Jun 2013
-
55.08%(+6.1%)
DateAnnualQuarterly
Mar 2013
-
51.91%(+6.7%)
Dec 2012
52.97%(+9.2%)
48.64%(-8.9%)
Sep 2012
-
53.40%(-9.1%)
Jun 2012
-
58.74%(+15.2%)
Mar 2012
-
50.98%(+6.9%)
Dec 2011
48.52%(-3.1%)
47.69%(-7.6%)
Sep 2011
-
51.62%(+8.0%)
Jun 2011
-
47.78%(+1.8%)
Mar 2011
-
46.94%(+3.5%)
Dec 2010
50.05%(+2.1%)
45.34%(-8.8%)
Sep 2010
-
49.69%(-7.5%)
Jun 2010
-
53.74%(+0.3%)
Mar 2010
-
53.57%(+16.6%)
Dec 2009
49.01%(+10.2%)
45.95%(-12.4%)
Sep 2009
-
52.45%(-0.2%)
Jun 2009
-
52.55%(+17.1%)
Mar 2009
-
44.88%(+9.3%)
Dec 2008
44.46%(-3.4%)
41.08%(-7.3%)
Sep 2008
-
44.31%(-3.1%)
Jun 2008
-
45.75%(-5.1%)
Mar 2008
-
48.22%(+15.3%)
Dec 2007
46.01%(-7.5%)
41.82%(-10.9%)
Sep 2007
-
46.91%(-7.0%)
Jun 2007
-
50.46%(+4.5%)
Mar 2007
-
48.31%(-3.0%)
Dec 2006
49.74%(-4.5%)
49.81%(+2.2%)
Sep 2006
-
48.74%(-2.5%)
Jun 2006
-
50.01%(-1.0%)
Mar 2006
-
50.51%(-0.7%)
Dec 2005
52.06%(-3.5%)
50.87%(-1.2%)
Sep 2005
-
51.51%(-2.7%)
Jun 2005
-
52.92%(-1.2%)
Mar 2005
-
53.57%(-2.0%)
Dec 2004
53.93%(-6.5%)
54.67%(-5.2%)
Sep 2004
-
57.68%(+11.3%)
Jun 2004
-
51.84%(+2.0%)
Mar 2004
-
50.81%(-9.5%)
Dec 2003
57.69%(+5.2%)
56.14%(-0.8%)
Sep 2003
-
56.59%(-2.9%)
Jun 2003
-
58.30%(-3.3%)
Mar 2003
-
60.31%(+9.2%)
Dec 2002
54.83%(+2.1%)
55.24%(+0.8%)
Sep 2002
-
54.80%(-0.5%)
Jun 2002
-
55.08%(+1.9%)
Mar 2002
-
54.03%(+1.6%)
Dec 2001
53.68%(-3.0%)
53.17%(-3.2%)
Sep 2001
-
54.91%(+3.4%)
Jun 2001
-
53.12%(-1.0%)
Mar 2001
-
53.68%
Dec 2000
55.33%(-2.9%)
-
Dec 1999
56.97%
-

FAQ

  • What is Garmin Ltd. annual gross profit margin?
  • What is the all-time high annual gross margin for Garmin Ltd.?
  • What is Garmin Ltd. annual gross margin year-on-year change?
  • What is Garmin Ltd. quarterly gross profit margin?
  • What is the all-time high quarterly gross margin for Garmin Ltd.?
  • What is Garmin Ltd. quarterly gross margin year-on-year change?

What is Garmin Ltd. annual gross profit margin?

The current annual gross margin of GRMN is 58.70%

What is the all-time high annual gross margin for Garmin Ltd.?

Garmin Ltd. all-time high annual gross profit margin is 59.45%

What is Garmin Ltd. annual gross margin year-on-year change?

Over the past year, GRMN annual gross profit margin has changed by +1.22% (+2.12%)

What is Garmin Ltd. quarterly gross profit margin?

The current quarterly gross margin of GRMN is 59.09%

What is the all-time high quarterly gross margin for Garmin Ltd.?

Garmin Ltd. all-time high quarterly gross profit margin is 60.73%

What is Garmin Ltd. quarterly gross margin year-on-year change?

Over the past year, GRMN quarterly gross profit margin has changed by -0.91% (-1.52%)
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