Company / Profit Margin
Garmin Profit Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Profit Margin
23.0%
FY2025
5-year range
20.0% / 24.7%
FY2021-FY2025
Trend
+2.5%
vs FY2024
Sector context
#8 of 209
Consumer Discretionary
What the data says
Among 209 Consumer Discretionary companies, Garmin is in the top 4% for profit margin. Profit Margin has fluctuated over the past 10 years, ranging from 17.2% in FY2016 to 25.4% in FY2019.
Based on SEC 10-K filings.
23.0% in FY2025 with a 5-year CAGR of -0.7%. Top quartile in the Consumer Discretionary sector.
Declined from 24.7% to 23.0% over the past 2 years.
Consumer Discretionary sector context is included.
Profit Margin over time
Growth rates
- 3-Year Change
- +2.9pp
- 5-Year Change
- -0.7pp
- 10-Year Change
- -
Sector benchmark
Top 4% in Consumer DiscretionaryTop 4% of 209This company 23.0% Sector average -0.2%
▼
+12855.6% above sector average
Key checks
Key Insights
- In FY2025, profit margin increased 2.5% year-over-year.
- Currently 23.1pp above the Consumer Discretionary sector average.
- Peak profit margin was recorded in FY2019.
- Lowest profit 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 | Profit MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 23.0% | +2.5% |
| FY2024 | 22.4% | -9.2% |
| FY2023 | 24.7% | +23.2% |
| FY2022 | 20.0% | -7.8% |
| FY2021 | 21.7% | -8.4% |
| FY2020 | 23.7% | -6.5% |
| FY2019 | 25.4% | +22.3% |
| FY2018 | 20.7% | -8.7% |
| FY2017 | 22.7% | +32.4% |
| FY2016 | 17.2% | +6.0% |
As of FY2025 · SEC 10-K · Updated Mar 8, 2026