TTM
30.3%
YoY change
+0.33pp
Trough year (2015)
22.3%
Peak year (2003)
43.1%
Latest annual
28.5%
EBITDA Margin history chart for Garmin (GRMN) from 1999 to 2025
Latest: 28.5%
EBITDA Margin change chart for Garmin (GRMN) from 1999 to 2025
Latest: +0.33pp
EBITDA Margin history table for Garmin (GRMN) from 1999 to 2025
| 2025 | 28.5% | +0.33pp | ||
| 2024 | 28.2% | +3.88pp | ||
| 2023 | 24.3% | -0.23pp | ||
| 2022 | 24.5% | -3.04pp | ||
| 2021 | 27.6% | -0.64pp | ||
| 2020 | 28.2% | +0.22pp | ||
| 2019 | 28.0% | +1.87pp | ||
| 2018 | 26.1% | +1.19pp | ||
| 2017 | 24.9% | +1.11pp | ||
| 2016 | 23.8% | +1.56pp | ||
| 2015 | 22.3% | -4.48pp | ||
| 2014 | 26.7% | +1.94pp | ||
| 2013 | 24.8% | -0.77pp | ||
| 2012 | 25.6% | +2.08pp | ||
| 2011 | 23.5% | -1.48pp | ||
| 2010 | 25.0% | -5.74pp | ||
| 2009 | 30.7% | +2.29pp | ||
| 2008 | 28.4% | -4.35pp | ||
| 2007 | 32.8% | -0.99pp | ||
| 2006 | 33.8% | -3.38pp | ||
| 2005 | 37.1% | -2.89pp | ||
| 2004 | 40.0% | -3.09pp | ||
| 2003 | 43.1% | +1.51pp | ||
| 2002 | 41.6% | +3.10pp | ||
| 2001 | 38.5% | -1.07pp | ||
| 2000 | 39.6% | +1.71pp | ||
| 1999 | 37.9% | — |
- 202528.5%+0.33pp
- 202428.2%+3.88pp
- 202324.3%-0.23pp
- 202224.5%-3.04pp
- 202127.6%-0.64pp
- 202028.2%+0.22pp
- 201928.0%+1.87pp
- 201826.1%+1.19pp
- 201724.9%+1.11pp
- 201623.8%+1.56pp
- 201522.3%-4.48pp
- 201426.7%+1.94pp
- 201324.8%-0.77pp
- 201225.6%+2.08pp
- 201123.5%-1.48pp
- 201025.0%-5.74pp
- 200930.7%+2.29pp
- 200828.4%-4.35pp
- 200732.8%-0.99pp
- 200633.8%-3.38pp
- 200537.1%-2.89pp
- 200440.0%-3.09pp
- 200343.1%+1.51pp
- 200241.6%+3.10pp
- 200138.5%-1.07pp
- 200039.6%+1.71pp
- 199937.9%—
EBITDA Margin values are taken from Garmin's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's latest reported EBITDA margin is 30.3%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Garmin (GRMN) EBITDA margin is 28.50% – expanded 0.3 percentage points year-over-year.
The highest annual EBITDA margin of 43.13% was reported in 2003. The lowest in the available history was 22.27% in 2015.
Garmin EBITDA Margin by Year
Garmin EBITDA Margin 2025: 28.5%
In 2025, Garmin reported EBITDA margin of 28.50%, expanded 0.3 percentage points from 2024.
Garmin EBITDA Margin 2024: 28.2%
Garmin EBITDA margin in 2024 was 28.17%, expanded 3.9 percentage points from 2023.
Garmin EBITDA Margin 2023: 24.3%
2023's EBITDA margin for Garmin came in at 24.29%, contracted 0.2 percentage points from 2022.
Garmin EBITDA Margin 2022: 24.5%
Garmin posted EBITDA margin of 24.52% in 2022, contracted 3.0 percentage points from 2021.
Garmin EBITDA Margin 2021: 27.6%
Garmin EBITDA margin in 2021 was 27.56%.
See more financial history for Garmin (GRMN).
Sector peers by EBITDA Margin
Technology peers of Garmin (GRMN), ranked by their latest EBITDA margin
| 76.0% | |
| 76.0% | |
| 63.9% | |
| 63.1% | |
| 55.3% | |
| 38.6% | |
| 35.5% | |
| 21.6% |
- 76.0%
- 76.0%
- 63.1%
- 55.3%
- 38.6%
- 35.5%
- 21.6%
Frequently asked questions
Garmin (GRMN) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation