Company / Cost of Revenue
Garmin Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$3.0B
FY2025
5-year range
$2.1B / $3.0B
FY2021-FY2025
Trend
+15.0%
vs FY2024
Sector context
#73 of 158
Consumer Discretionary
What the data says
At $3.0B, Garmin's cost of revenue ranks #86 of 158 in the Consumer Discretionary sector. Cost of Revenue has increased for 3 consecutive years, from $2.1B in FY2022 to $3.0B in FY2025.
Based on SEC 10-K filings.
$3.0B in FY2025 with a 5-year CAGR of +11.9%.
Increased from $2.2B to $3.0B over the past 2 years.
Consumer Discretionary sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +13.3%
- 5-Year CAGR
- +11.9%
- 10-Year CAGR
- -
Sector benchmark
#86 of 158 in Consumer DiscretionaryTop 54% of 158This company $3.0B Sector average $9.6B
▼
-69.0% below sector average
Key checks
Key Insights
- Garmin's cost of revenue has grown for 3 consecutive years.
- 5-year CAGR of +11.9%, indicating consistent growth.
- In FY2025, cost of revenue increased 15.0% year-over-year.
- Ranks #73 out of 158 companies in the Consumer Discretionary sector.
Company context
Key Data Points
- Altman Z-Score 3.88 (safe zone, above 2.9 threshold)
- Strong profit margin: 22.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $3.0B | +15.0% |
| FY2024 | $2.6B | +17.0% |
| FY2023 | $2.2B | +8.3% |
| FY2022 | $2.1B | -1.9% |
| FY2021 | $2.1B | +22.7% |
| FY2020 | $1.7B | +11.9% |
| FY2019 | $1.5B | +11.4% |
| FY2018 | $1.4B | +3.3% |
| FY2017 | $1.3B | -2.5% |
| FY2016 | $1.4B | +5.9% |
As of FY2025 · SEC 10-K · Updated Mar 8, 2026