Garmin (GRMN) Stock Analysis

July 23, 2026

This is a peer-relative look at Garmin (GRMN): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Consumer Durables & Apparel peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Garmin (GRMN)
Profile Item	GRMN
Name	Garmin Ltd.
Country/Region	Switzerland
GICS Sector	Consumer Discretionary
GICS Industry Group	Consumer Durables & Apparel
GICS Industry	Household Durables
GICS Sub-Industry	Consumer Electronics
Market Capitalization	45.64 billion USD
Currency	USD
Exchange	NYSE
Listing Date	December 8, 2000
Security Type	Common Stock

Price Performance

Cumulative Growth

GRMN

GSPC

Garmin (GRMN) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Garmin (GRMN) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Garmin (GRMN) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
Total Return (1Y)	6.36%	11.98%
Total Return (3Y, Annualized)	33.09%	2.93%
Total Return (5Y, Annualized)	11.63%	-1.11%

Risk Profile

Drawdown History

GRMN

GSPC

Garmin (GRMN) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Garmin (GRMN) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
Volatility (1Y, Annualized)	30.54%	43.64%
Beta (5Y)	0.89	1.26
Max Drawdown (5Y)	-54.63%	-61.83%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. GRMN is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
Sharpe Ratio (1Y)	0.08	0.22
Sortino Ratio (1Y)	0.11	0.31

Profitability

ROE (TTM)

Garmin (GRMN) posts ROE of 19.90%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

GRMN

Consumer Durables & Apparel industry group

19.90%

Group distribution

Max: 35.09%
GRMN: 19.90%
Q3: 17.90%
Median: 10.01%
Q1: 4.54%
Min: -12.26%

Largest peers

TPR: 60.91%
RL: 34.66%
NKE: 22.14%
GRMN: 19.90%
PHM: 16.18%
DHI: 13.08%
SONY: 12.34%

Where Garmin (GRMN) stands on ROE within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Garmin (GRMN) keeps 23.26% of revenue as net profit on net margin, above the industry benchmark range. That is unusually strong bottom-line conversion, though tax effects, asset sales, or other one-off gains should be checked before treating it as durable.

GRMN

Consumer Durables & Apparel industry group

23.26%

Group distribution

GRMN: 23.26%
Max: 16.30%
Q3: 8.38%
Median: 4.94%
Q1: 1.53%
Min: -6.30%

Largest peers

GRMN: 23.26%
PHM: 12.14%
RL: 11.60%
DHI: 9.51%
TPR: 8.44%
NKE: 6.70%
SONY: -2.62%

Where Garmin (GRMN) stands on net margin within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Garmin (GRMN) turns 24.62% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

GRMN

Consumer Durables & Apparel industry group

24.62%

Group distribution

Max: 27.58%
GRMN: 24.62%
Q3: 13.34%
Median: 8.03%
Q1: 3.73%
Min: -9.19%

Largest peers

GRMN: 24.62%
TPR: 22.42%
RL: 13.37%
PHM: 13.14%
NKE: 12.69%
DHI: 11.26%
SONY: 10.74%

Where Garmin (GRMN) stands on operating margin within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
ROE (TTM)	19.90%	10.01%
ROA (TTM)	11.90%	5.40%
Net Margin (TTM)	23.26%	4.94%
Operating Margin (TTM)	24.62%	8.03%
Gross Margin (TTM)	59.14%	41.50%

Growth

Revenue Growth

Garmin (GRMN) grew revenue 15.06%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Garmin (GRMN): Revenue Growth across different time periods, set against Consumer Durables & Apparel industry-group medians.

EPS Growth

Garmin (GRMN) grew earnings per share 17.67%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

Garmin (GRMN): EPS Growth across different time periods, set against Consumer Durables & Apparel industry-group medians.

Growth Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
Revenue Growth (YoY)	15.06%	0.84%
Revenue Growth (3Y CAGR)	14.24%	-0.58%
EPS Growth (YoY)	17.67%	-16.33%
EPS Growth (3Y CAGR)	19.45%	-4.99%

Financial Strength

Current Ratio (MRQ)

Garmin (GRMN) has current ratio of 4.36, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

GRMN

Consumer Durables & Apparel industry group

4.36

Group distribution

Max: 8.27
GRMN: 4.36
Q3: 4.34
Median: 2.47
Q1: 1.67
Min: 0.78

Largest peers

PHM: 7.14
DHI: 6.37
GRMN: 4.36
RL: 2.13
NKE: 1.96
TPR: 1.84
SONY: 1.18

Where Garmin (GRMN) stands on current ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Garmin (GRMN) has debt-to-equity ratio of 0.02, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

GRMN

Consumer Durables & Apparel industry group

0.02

Group distribution

Max: 2.69
Q3: 1.30
Median: 0.52
Q1: 0.26
GRMN: 0.02
Min: 0.00

Largest peers

TPR: 5.75
RL: 1.06
NKE: 0.74
DHI: 0.27
SONY: 0.20
PHM: 0.19
GRMN: 0.02

Where Garmin (GRMN) stands on debt-to-equity ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
Current Ratio (MRQ)	4.36	2.47
Debt / Equity (MRQ)	0.02	0.52
Net Debt / EBITDA	-1.15	1.74

Dividends

Dividend Yield (TTM)

Garmin (GRMN) has dividend yield of 1.72%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

GRMN

Consumer Durables & Apparel industry group

1.72%

Group distribution

Max: 4.35%
Q3: 2.16%
GRMN: 1.72%
Median: 0.68%
Q1: 0.00%
Min: 0.00%

Largest peers

SONY: 118.20%
NKE: 3.75%
GRMN: 1.72%
TPR: 1.10%
RL: 0.97%
PHM: 0.78%
DHI: 0.00%

Where Garmin (GRMN) stands on dividend yield within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Garmin (GRMN) has payout ratio of 40.18%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

GRMN

Consumer Durables & Apparel industry group

40.18%

Group distribution

Max: 99.29%
GRMN: 40.18%
Q3: 40.04%
Median: 13.34%
Q1: 0.00%
Min: 0.00%

Largest peers

NKE: 77.62%
TPR: 47.26%
GRMN: 40.18%
RL: 24.16%
DHI: 15.96%
SONY: 14.25%
PHM: 9.28%

Where Garmin (GRMN) stands on payout ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
Dividend Yield (TTM)	1.72%	0.68%
Dividend Payout Ratio (TTM)	40.18%	13.34%

Valuation

P/E Ratio (TTM)

Garmin (GRMN) trades at P/E ratio of 27.33, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

GRMN

Consumer Durables & Apparel industry group

27.33

Group distribution

Max: 46.68
Q3: 28.76
GRMN: 27.33
Median: 19.14
Q1: 13.32
Min: 6.63

Largest peers

TPR: 43.08
GRMN: 27.33
RL: 24.93
NKE: 20.75
SONY: 20.02
DHI: 13.59
PHM: 11.91

Where Garmin (GRMN) stands on P/E ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Garmin (GRMN) trades at 6.11 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

GRMN

Consumer Durables & Apparel industry group

6.11

Group distribution

GRMN: 6.11
Max: 3.84
Q3: 1.93
Median: 1.05
Q1: 0.60
Min: 0.01

Largest peers

GRMN: 6.11
TPR: 3.66
RL: 2.81
PHM: 1.41
NKE: 1.37
DHI: 1.21
SONY: 0.01

Where Garmin (GRMN) stands on P/S ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Garmin (GRMN) trades at 4.92 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

GRMN

Consumer Durables & Apparel industry group

4.92

Group distribution

Max: 8.10
GRMN: 4.92
Q3: 4.09
Median: 2.04
Q1: 1.16
Min: 0.62

Largest peers

TPR: 42.15
RL: 8.10
GRMN: 4.92
NKE: 4.28
SONY: 2.49
PHM: 1.83
DHI: 1.75

Where Garmin (GRMN) stands on P/B ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
P/E Ratio (TTM)	27.33	19.14
P/S Ratio (TTM)	6.11	1.05
P/B Ratio (MRQ)	4.92	2.04
Free Cash Flow Yield (TTM)	1.78%	5.31%