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AS vs. GRMN: Amer Sports vs. Garmin Stock Comparison

How do Amer Sports (AS) and Garmin (GRMN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Amer Sports (AS) and Garmin (GRMN) both fall under the Consumer Durables & Apparel industry group, but AS is classified in Textiles, Apparel & Luxury Goods while GRMN is classified in Household Durables.

Garmin (GRMN) carries decades of public-market history since December 8, 2000, while Amer Sports (AS) listed on February 1, 2024 — long-window comparisons have far more historical data on the GRMN side.

Company profile comparison for Amer Sports (AS) and Garmin (GRMN)
Profile ItemASGRMN
NameAmer Sports, Inc.Garmin Ltd.
Country/RegionFinlandSwitzerland
GICS SectorConsumer DiscretionaryConsumer Discretionary
GICS Industry GroupConsumer Durables & ApparelConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury GoodsHousehold Durables
GICS Sub-IndustryApparel, Accessories & Luxury GoodsConsumer Electronics
Market Capitalization18.31 billion USD55.03 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 1, 2024December 8, 2000
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

AS
GRMN
GSPC
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Amer Sports (AS) vs. Garmin (GRMN), with S&P 500 (GSPC) for reference: 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 Amer Sports (AS) and Garmin (GRMN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Amer Sports (AS) and Garmin (GRMN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Amer Sports (AS) and Garmin (GRMN)
MetricASGRMN
Total Return (1Y)9.14%46.61%
Total Return (3Y, Annualized)--38.33%
Total Return (5Y, Annualized)--17.38%

Risk Profile

Drawdown History

AS
GRMN
GSPC
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Amer Sports (AS) vs. Garmin (GRMN), with S&P 500 (GSPC) for reference: 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 Amer Sports (AS) and Garmin (GRMN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Amer Sports (AS) and Garmin (GRMN)
MetricASGRMN
Volatility (1Y, Annualized)40.19%33.67%
Beta (5Y)1.820.86
Max Drawdown (5Y)-40.71%-44.75%
Avg. Volume (3M)6.72M858.15K

Risk-Adjusted Performance

Risk-Return Positioning

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AS and GRMN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Amer Sports (AS) and Garmin (GRMN)
MetricASGRMN
Sharpe Ratio (1Y)0.121.26
Sortino Ratio (1Y)0.182.28

Profitability

ROE (TTM)

Both Amer Sports (AS) at 9.15% and Garmin (GRMN) at 22.38% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

AS

Consumer Durables & Apparel industry group

9.15%

Max
44.27%
Q3
22.94%
Median
12.36%
AS
9.15%
Q1
5.76%
Min
-12.76%

GRMN

Consumer Durables & Apparel industry group

22.38%

Max
44.27%
Q3
22.94%
GRMN
22.38%
Median
12.36%
Q1
5.76%
Min
-12.76%
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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their ROE against the Consumer Durables & Apparel industry group benchmark.

Net Margin (TTM)

Garmin (GRMN) at 25.58% converts revenue to bottom-line profit above its industry’s benchmark range, while Amer Sports (AS) at 7.35% keeps roughly the typical share for its industry.

AS

Consumer Durables & Apparel industry group

7.35%

Max
19.00%
Q3
9.42%
AS
7.35%
Median
5.93%
Q1
2.80%
Min
-7.09%

GRMN

Consumer Durables & Apparel industry group

25.58%

GRMN
25.58%
Max
19.00%
Q3
9.42%
Median
5.93%
Q1
2.80%
Min
-7.09%
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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their net margin against the Consumer Durables & Apparel industry group benchmark.

Operating Margin (TTM)

Garmin (GRMN) at 30.80% turns sales into operating profit above its industry’s benchmark range, while Amer Sports (AS) at 7.93% operates around its industry’s norm.

AS

Consumer Durables & Apparel industry group

7.93%

Max
28.97%
Q3
14.34%
Median
8.77%
AS
7.93%
Q1
4.05%
Min
-7.88%

GRMN

Consumer Durables & Apparel industry group

30.80%

GRMN
30.80%
Max
28.97%
Q3
14.34%
Median
8.77%
Q1
4.05%
Min
-7.88%
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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their operating margin against the Consumer Durables & Apparel industry group benchmark.

Profitability Metrics

Profitability metrics for Amer Sports (AS) and Garmin (GRMN)
MetricASGRMN
ROE (TTM)9.15%22.38%
ROA (TTM)6.29%12.32%
Net Margin (TTM)7.35%25.58%
Operating Margin (TTM)7.93%30.80%
Gross Margin (TTM)59.81%60.44%

Growth

Revenue Growth

Both Amer Sports (AS) at 26.68% and Garmin (GRMN) at 15.06% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Amer Sports (AS) at 442.86% is the standout with EPS growth above its industry range; Garmin (GRMN) at 17.67% also sits in the top quartile.

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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Amer Sports (AS) and Garmin (GRMN)
MetricASGRMN
Revenue Growth (YoY)26.68%15.06%
Revenue Growth (3Y CAGR)22.51%14.24%
EPS Growth (YoY)442.86%17.67%
EPS Growth (3Y CAGR)--19.45%

Financial Strength

Current Ratio (MRQ)

Both Amer Sports (AS) at 1.76 and Garmin (GRMN) at 3.05 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

AS

Consumer Durables & Apparel industry group

1.76

Max
5.48
Q3
3.70
Median
2.10
AS
1.76
Q1
1.64
Min
0.75

GRMN

Consumer Durables & Apparel industry group

3.05

Max
5.48
Q3
3.70
GRMN
3.05
Median
2.10
Q1
1.64
Min
0.75
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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their current ratio against the Consumer Durables & Apparel industry group benchmark.

Debt / Equity (MRQ)

Both Amer Sports (AS) at 0.16 and Garmin (GRMN) at 0.02 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

AS

Consumer Durables & Apparel industry group

0.16

Max
2.46
Q3
1.19
Median
0.45
Q1
0.23
AS
0.16
Min
0.00

GRMN

Consumer Durables & Apparel industry group

0.02

Max
2.46
Q3
1.19
Median
0.45
Q1
0.23
GRMN
0.02
Min
0.00
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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their debt-to-equity ratio against the Consumer Durables & Apparel industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Amer Sports (AS) and Garmin (GRMN)
MetricASGRMN
Current Ratio (MRQ)1.763.05
Debt / Equity (MRQ)0.160.02
Net Debt / EBITDA0.31-0.88

Dividends

Dividend Yield (TTM)

Amer Sports (AS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Garmin (GRMN) reports a yield of 1.47%, ranking against industry peers normally.

AS

Consumer Durables & Apparel industry group

0.00%

Max
5.10%
Q3
2.20%
Median
0.77%
AS
0.00%
Q1
0.00%
Min
0.00%

GRMN

Consumer Durables & Apparel industry group

1.47%

Max
5.10%
Q3
2.20%
GRMN
1.47%
Median
0.77%
Q1
0.00%
Min
0.00%
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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their dividend yield against the Consumer Durables & Apparel industry group benchmark.

Dividend Payout Ratio (TTM)

Amer Sports (AS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Garmin (GRMN) reports a payout of 37.46%, ranking against industry peers normally.

AS

Consumer Durables & Apparel industry group

0.00%

Max
96.30%
Q3
39.57%
Median
11.11%
AS
0.00%
Q1
0.00%
Min
0.00%

GRMN

Consumer Durables & Apparel industry group

37.46%

Max
96.30%
Q3
39.57%
GRMN
37.46%
Median
11.11%
Q1
0.00%
Min
0.00%
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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their payout ratio against the Consumer Durables & Apparel industry group benchmark.

Dividend Metrics

Dividend metrics for Amer Sports (AS) and Garmin (GRMN)
MetricASGRMN
Dividend Yield (TTM)0.00%1.47%
Dividend Payout Ratio (TTM)0.00%37.46%

Valuation

P/E Ratio (TTM)

Both Amer Sports (AS) at 33.13 and Garmin (GRMN) at 27.43 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

AS

Consumer Durables & Apparel industry group

33.13

Max
40.20
AS
33.13
Q3
25.33
Median
17.52
Q1
14.50
Min
5.29

GRMN

Consumer Durables & Apparel industry group

27.43

Max
40.20
GRMN
27.43
Q3
25.33
Median
17.52
Q1
14.50
Min
5.29
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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their P/E ratio against the Consumer Durables & Apparel industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Amer Sports (AS) at 2.46 sits in the upper P/S ratio quartile, and Garmin (GRMN) at 6.98 prices even higher, above its industry range.

AS

Consumer Durables & Apparel industry group

2.46

Max
3.32
AS
2.46
Q3
1.74
Median
1.02
Q1
0.56
Min
0.01

GRMN

Consumer Durables & Apparel industry group

6.98

GRMN
6.98
Max
3.32
Q3
1.74
Median
1.02
Q1
0.56
Min
0.01
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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their P/S ratio against the Consumer Durables & Apparel industry group benchmark.

P/B Ratio (MRQ)

Amer Sports (AS) at 2.67 is valued about in line with its industry on P/B ratio, while Garmin (GRMN) at 5.76 carries an above-peer premium to book — GRMN is pricier on assets.

AS

Consumer Durables & Apparel industry group

2.67

Max
8.35
Q3
4.28
AS
2.67
Median
2.11
Q1
1.09
Min
0.49

GRMN

Consumer Durables & Apparel industry group

5.76

Max
8.35
GRMN
5.76
Q3
4.28
Median
2.11
Q1
1.09
Min
0.49
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Amer Sports (AS) vs. Garmin (GRMN): A comparison of their P/B ratio against the Consumer Durables & Apparel industry group benchmark.

Valuation Metrics

Valuation metrics for Amer Sports (AS) and Garmin (GRMN)
MetricASGRMN
P/E Ratio (TTM)33.1327.43
P/S Ratio (TTM)2.466.98
P/B Ratio (MRQ)2.675.76
Free Cash Flow Yield (TTM)2.99%1.51%