Garmin (GRMN) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 59.4%
EBITDA Margin: 24.6%
Op. Margin: 24.6%
Net Margin: 23.1%

Op. margin of 24.6% is up 2.9% YoY — cost efficiency is improving. Net margin at 23.1% and gross margin of 59.4% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit