Company / Gross Margin
Garmin Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
58.7%
FY2025
5-year range
57.5% / 58.7%
FY2021-FY2025
Trend
+0.1%
vs FY2024
Sector context
#11 of 109
Consumer Discretionary
What the data says
Among 109 Consumer Discretionary companies, Garmin is in the top 10% for gross margin. Gross Margin remained relatively stable over the past 10 years, with values between 55.9% and 59.5%.
Based on SEC 10-K filings.
58.7% in FY2025 with a 5-year CAGR of -0.5%. Top quartile in the Consumer Discretionary sector.
Improved from 57.5% to 58.7% over the past 2 years.
Consumer Discretionary sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +1.0pp
- 5-Year Change
- -0.5pp
- 10-Year Change
- -
Sector benchmark
Top 10% in Consumer DiscretionaryTop 10% of 109This company 58.7% Sector average 36.1%
▼
+62.7% above sector average
Key checks
Key Insights
- In FY2025, gross margin increased 0.1% year-over-year.
- Currently 22.6pp above the Consumer Discretionary sector average.
- Peak gross margin was recorded in FY2019.
- Lowest gross margin in the period was in FY2016.
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 | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 58.7% | +0.1% |
| FY2024 | 58.7% | +2.1% |
| FY2023 | 57.5% | -0.5% |
| FY2022 | 57.8% | -0.4% |
| FY2021 | 58.0% | -2.1% |
| FY2020 | 59.3% | -0.3% |
| FY2019 | 59.5% | +0.5% |
| FY2018 | 59.1% | +2.7% |
| FY2017 | 57.6% | +3.0% |
| FY2016 | 55.9% | +2.5% |
As of FY2025 · SEC 10-K · Updated Mar 8, 2026