Revenue Breakdown
Composition ()
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Revenue Streams
Garmin Ltd (GRMN) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Fitness, accounting for 33.9% of total sales, equivalent to $601.01M. Other significant revenue streams include Outdoor and Marine. Understanding this composition is critical for investors evaluating how GRMN navigates market cycles within the Communications & Networking industry.
Profitability & Margins
Evaluating the bottom line, Garmin Ltd maintains a gross margin of 59.09%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 25.79%, while the net margin is 22.68%. These profitability ratios, combined with a Return on Equity (ROE) of 19.66%, provide a clear picture of how effectively GRMN converts its operational activities into shareholder value.
Comparative Benchmarking
In the context of the broader market, GRMN competes directly with industry leaders such as UI and CIEN. With a market capitalization of $38.83B, it holds a leading position in the sector. When comparing efficiency, GRMN's gross margin of 59.09% stands against UI's 45.98% and CIEN's 42.24%. Such benchmarking helps identify whether Garmin Ltd is trading at a premium or discount relative to its financial performance.
