Company / Operating Margin
Garmin Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
25.9%
FY2025
5-year range
20.9% / 25.9%
FY2021-FY2025
Trend
+2.3%
vs FY2024
Sector context
#12 of 184
Consumer Discretionary
What the data says
Among 184 Consumer Discretionary companies, Garmin is in the top 7% for operating margin. Improved from 20.9% to 25.9% over the past 2 years.
Based on SEC 10-K filings.
25.9% in FY2025 with a 5-year CAGR of +0.7%. Top quartile in the Consumer Discretionary sector.
Improved from 20.9% to 25.9% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +4.7pp
- 5-Year Change
- +0.7pp
- 10-Year Change
- -
Sector benchmark
Top 7% in Consumer DiscretionaryTop 7% of 184This company 25.9% Sector average 3.4%
▼
+671.5% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 2.3% year-over-year.
- Currently 22.5pp above the Consumer Discretionary sector average.
- Lowest operating margin in the period was in FY2023.
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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 25.9% | +2.3% |
| FY2024 | 25.3% | +21.2% |
| FY2023 | 20.9% | -1.2% |
| FY2022 | 21.1% | -13.5% |
| FY2021 | 24.5% | -2.9% |
| FY2020 | 25.2% | +0.0% |
| FY2019 | 25.2% | +8.2% |
| FY2018 | 23.3% | +6.2% |
| FY2017 | 21.9% | +4.4% |
| FY2016 | 21.0% | +7.6% |
As of FY2025 · SEC 10-K · Updated Mar 8, 2026