How profitable is Garmin Ltd. (Switzerland) (GRMN)?

In FY 2025 (10-K), GRMN converted $7.2B of revenue into a 58.7% gross margin, 25.9% operating margin, and $1.4B in free cash flow (18.8% FCF margin).

Stock Ratings / Industrials / GRMN / financials

KEYS (59) LHX (65) AME (69) ROK (73) ⌘ Pro Terminal →

Garmin Ltd. (Switzerland) (GRMN) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$274.29 +0.59% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $275.24

Garmin Ltd. (Switzerland) (GRMN) earns a Roarable Rating of B- (Buy) with 70/100 RQD Confidence. High-quality cash engine (59% profit margin, 17% return on capital) with steady institutional support. The company’s underlying cash engine and institutional positioning keep the composite score in the Green Buy zone.

ROARABLE B- • BUY Cap $52.54B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on GRMN Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is GRMN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Garmin Ltd. (Switzerland) (NYSE: GRMN) is rated B- (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 70/100 at a spot price of $274.29 (+0.59% 1D, market cap $52.54B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 10/20, Executive Insider Alignment 18/20, FRED Macro Regime Fit 14/20, and SEC Balance-Sheet Forensics 13/20. Across 485 tracked Industrials issuers, GRMN ranks #34 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does GRMN compare to KEYS and LHX in the Industrials sector?

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Within the Industrials sector (Industrial Machinery/Components), GRMN carries a Roarable B- (70/100 RQD), trailing P/E of 32.4x, gross margin of 58.7%, and ROIC of 16.6%. By comparison, KEYS (Keysight Technologies Inc.) holds a C- grade (59/100 RQD, P/E 66.1x, ROIC 10.5%, cap $52.30B) and LHX (L3Harris Technologies Inc.) posts a C grade (65/100 RQD, P/E 32.3x, ROIC 5.7%, cap $51.69B). Among the 5-stock peer group, LHX leads on earnings multiple (32.3x) while ROK leads on capital efficiency (22.9% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for GRMN?

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Per GRMN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-27, CIK 0001121788), Garmin Ltd. (Switzerland) generated $7.25B in revenue (+15.1% YoY), $1.66B in net income, and $1.36B in free cash flow against $10.99B in total assets and $2.57B in total debt. Key quantitative strengths: Strong cash generator (59% profit margin)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $275.25 (+0.35%)🧬 Cannibal Buyback (-1.52% YoY Shares)⚙️ Cash Engine: 15/20 (B) • 18.8% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 70/100 (B-) historically ranked in the Top 15% of excess returns over the next 90 days (+6.6% avg 90D alpha vs SPY • 68.1% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERBUY • B-

2-of-3 JEV AI Jury Bullish

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C · Rk B+

Each axis scored 0–20

12M PRICE TARGET CONE+5.4% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for GRMN)Realized 20D OHLCV Swing Band: ±7%

Deterministic 5-Pillar Attribution (70/100 Composite)

🔍 WHY GRMN SCORES 70/100 (B-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+18/20 pts (26% of score)

Altman Z-Score 8.74 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 8/9

▲ #2 Bullish Driver: Cash Engine Quality+15/20 pts (21% of score)

SEC XBRL FY 2025 (10-K): 18.8% FCF Margin ($1.36B FCF) & 58.7% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning10/20 pts (-10 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-10 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade A-$279.72+4.1% Next Q

Q2 (-2Q)

Grade B+$291.13-6.4% Next Q

Q3 (-1Q)

Grade B$272.51+0.7% Next Q

Current

Grade B-$274.29+6.6% Hist 90D α

Trajectory: A- (78) → B- (70)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the GRMN Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 70/100 (B-) score, GRMN faces multiple-compression risk if 32.4x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.52% YoY Shares) — any gross margin slip below 56.2% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($281.72) or 200D SMA ($254.86) invalidates the momentum regime and cuts Target Base ($289.10) toward Bear Floor ($224.92).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $GRMN• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “GRMN Beats Next Quarter EPS Consensus (Dec 26, 2026) & Holds Above 200D SMA”

YES 70%NO 30%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How GRMN Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$1.36B (18.8% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $5.23B

FY24

Rev $6.30B

FY25

Rev $7.25B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$7.25B	58.7%	25.9%	$1.66B	$1.36B	16%
FY 2024	$6.30B	58.7%	25.3%	$1.41B	$1.24B	15.7%
FY 2023	$5.23B	58.7%	20.9%	$1.29B	$1.14B	4.8%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring GRMN)

✓Walkthrough of GRMN's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

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GRMN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +14.96%▼ DESCENDING CHANNEL

2026-11-03O $279.9H $279.9L $272.7C $274.3VOL 947.5K

RES: $295.3SUP: $258.3SMA50: $281.7SMA200: $254.9

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

GRMN Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 GRMN Butterfly Map → + Track GRMN →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

25.0%/yr Implied 5Y Growth

vs. +15.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on GRMN today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for GRMN. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for GRMN today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (GRMN)

Industrials Rank #34 of 485 ⚔️ KEYS vs GRMN Full Matrix →

1. Head-to-Head Industrials Peer Comparison (GRMN vs. KEYS, LHX, AME, ROK)

Industry: Industrial Machinery/Components (208 Tracked Issuers)

Across 485 tracked Industrials securities in the Roarable RQD universe, Garmin Ltd. (Switzerland) (GRMN) ranks #34 by composite RQD confidence (70/100, grade B-) and #29 by equity capitalization ($52.54B). Within this direct 5-issuer industry benchmark cohort, LHX leads on earnings valuation at 32.3x trailing P/E, while ROK leads on capital efficiency and profitability with 22.9% ROIC and 48.1% gross margin. ROK currently holds the highest overall quantitative score in the immediate peer group at 73/100 (B) compared with GRMN at 70/100 (B-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
GRMN ACTIVE Garmin Ltd. (Switzerland)	B-	70/100	32.4x	58.7%	16.6%	+0.59%	$52.54B	Benchmark Subject
KEYS Keysight Technologies Inc.	C-	59/100	66.1x	62.1%	10.5%	-2.69%	$52.30B	/keys-vs-grmn →
LHX L3Harris Technologies Inc.	C	65/100	32.3x	—	5.7%	+0.49%	$51.69B	/lhx-vs-grmn →
AME AMETEK Inc.	C+	69/100	39.0x	36.0%	13.4%	+0.33%	$55.28B	/ame-vs-grmn →
ROK Rockwell Automation Inc.	B	73/100	57.8x	48.1%	22.9%	+0.91%	$48.54B	/rok-vs-grmn →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-27 • CIK 0001121788

In its most recent audited fiscal period (FY2025, filed 2025-12-27), Garmin Ltd. (Switzerland) (GRMN) reported GAAP revenue of $7.25B (+15.1% vs. FY2024 revenue of $6.30B , and +38.6% cumulative change since FY2023) , GAAP net income of $1.66B, operating cash flow of $1.63B, and free cash flow of $1.36B (+10.0% YoY). On the balance sheet, GRMN closed FY2025 with $10.99B in total assets against $2.57B in total debt (Altman Z-Score: 8.74, Piotroski F-Score: 8/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-27	$7.25B	$1.66B	$1.63B	$1.36B	$10.99B	$2.57B
FY2024 (FY)	2024-12-28	$6.30B	$1.41B	$1.43B	$1.24B	$9.63B	$2.25B
FY2023 (FY)	2023-12-30	$5.23B	$1.29B	$1.38B	$1.14B	$29.67B	$6.94B

3. GRMN Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is GRMN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does GRMN compare to KEYS and LHX in the Industrials sector?

What are the biggest fundamental strengths and SEC risk factors for GRMN?

Where is GRMN trading relative to its 50-day, 200-day, and 52-week technical levels?

GRMN last traded at $274.29 (+0.59% on volume of 1,127,840 shares), positioning the stock -2.64% below its 50-day simple moving average ($281.72) and +7.62% above its 200-day simple moving average ($254.86). Across its 52-week range of $186.67 to $314.28, GRMN sits at the 68.7% percentile with a 14-day RSI of 42.3 (NEUTRAL RANGE) and an implied next-earnings move of ±7.0% ($255.09 to $293.49).

Direct Sub-Reports: GRMN RQD Cockpit GRMN 12M Forecast GRMN Earnings & Move GRMN Dividends & DRIP GRMN Insiders & 13F GRMN Whale Options GRMN Profit Sankey GRMN News & Why

ROARABLE RATING BRIEF • RQD 70/100 (B-) ✓ SEC XBRL & RQD VERIFIED

GRMN — Garmin Ltd. (Switzerland): What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-27

1. Roarable Rating Brief: What This Means to a Prospective Investor

Garmin Ltd. (Switzerland) (GRMN) earns a live Roarable RQD composite score of 70/100, corresponding to a B- letter grade (Roarable Buy) at a spot price of $274.29 (+0.59% 1D, market capitalization $52.54B).

Fundamental Cash Engine (15/20): Anchored by return on invested capital (ROIC) of 16.6%, gross margin of 58.7%, operating margin of 25.9%, and free cash flow yield of 2.53%.
Whale 13F & Options Flow (10/20) + Insider Conviction (18/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (14/20) + Forensic Balance Sheet (13/20): Incorporates a 0.92x equity beta, Altman Z-Score of 8.74, Piotroski F-Score of 8/9, and Debt/Equity of 0.25x.

2. Business Model, Unit Margins & SEC Financial Trajectory

. Common Stock (Switzerland) (GRMN) is a NYSE-listed issuer in the Industrials sector, specifically Industrial Machinery/Components. Its market capitalization is $53.9B. —: the specific products sold, customer segments, and revenue model details.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-27), Garmin Ltd. (Switzerland) (GRMN) reported $7.25B in annual revenue (up from $6.30B in FY2024, +15.1% YoY) and $1.66B in GAAP net income. Over the multi-year SEC filing window from FY2023 ($5.23B revenue, $1.29B net income) through FY2025, GRMN scaled operating cash flow to $1.63B and free cash flow to $1.36B, backed by $10.99B in total assets against $2.57B in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (B- • RQD 70/100): Strong cash generator (59% profit margin)—profits are backed by real money, not accounting tricks. Clean SEC annual filing review with no major hidden accounting time-bombs. With Fundamental Cash Engine at 15/20 and Institutional Whale Flow at 10/20, sustained execution supports upside toward the upper end of the $186.67 – $314.28 52-week range.
🐻 Primary Bear Case & Valuation Risk: Broader market pullbacks can still drag down strong stocks in the short run. Investors must weigh 32.4x trailing P/E and 25.6x EV/EBITDA against 25.9% operating margins and a 0.92x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

—: upstream suppliers, downstream customers, and second-order bottleneck dependencies.

Key Question #1: Can GRMN sustain or expand its 25.9% operating margin and 16.6% ROIC against Industrial Machinery/Components peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $7.25B and free cash flow of $1.36B, how will capital allocation balance growth reinvestment against $2.57B in total debt?
Key Question #3: How sensitive is GRMN's 27.2x forward P/E multiple to Industrials capital spending cycles and macro interest-rate shifts (Beta 0.92x)?

GRMN Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Garmin Ltd. (Switzerland) (GRMN) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to GRMN Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 23h ago

Deciphering Garmin (GRMN) International Revenue Trends

Review Garmin's (GRMN) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.

Read Full Source ↗

🟢 CATALYST Yahoo Finance • 2d ago

How Raised Revenue Guidance At Garmin (GRMN) Has Changed Its Investment Story

Garmin reported third quarter 2026 sales of US$1,986.08 million and net income of US$541.66 million, then raised full year revenue guidance to about US$8.15b while signalling continued pressure in domain controllers and

Read Full Source ↗

🟢 CATALYST Yahoo Finance • 2d ago

Garmin (GRMN) Stock Looks Like It Trades At A Discount

Garmin has delivered a strong multi‑year share price run and fresh record results, so the key issue now is whether the current US$272.67 tag still lines up with the cash the business is expected to produce. With a Discou

Read Full Source ↗

🟢 CATALYST Yahoo Finance • 2d ago

Garmin (GRMN) Lifts Full Year Guidance, Is It Fully Priced?

Garmin (GRMN) just paired a strong Q3 2026 earnings release with higher full year guidance, even as it flags softer automotive domain controller demand and rising memory costs as near term pressure points. Despite the st

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 4d ago

Is Garmin Stock's Winning Streak Skill Or Luck?

For questions about this article or underlying research, email help@trefis.com.

Read Full Source ↗

🟢 CATALYST Yahoo Finance • 4d ago

Garmin celebrates global digital health innovation at 2026 Garmin Health Summit in Asia

Garmin (NYSE: GRMN) today announced the recipients of the 2026 Garmin Health Awards, recognizing groundbreaking digital health solutions. Presented at the conclusion of the annual Garmin Health Summit in Bangkok, the awa

Read Full Source ↗

🟢 CATALYST Yahoo Finance • 5d ago

Garmin Q3 Earnings Call Highlights Growth and Cost Pressures

GRMN raises its 2026 outlook on record Q3 results and strong wearables demand, but rising memory costs and margin pressures cloud its 2027 prospects.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 5d ago

How Garmin CEO Cliff Pemble Showed No Fear Navigating To Success

Many feared that Garmin was about to implode.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

GRMN Bull vs. Bear Conversation Board — What's Your Call at $274.29?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON GRMN 🐻 33% BEARISH CONVICTION

DE DeepValue_CFA RQD DEBATE OPENER • Institutional Buy-Side 🐂 BULLISH 🎯 Target: $319.02 (+17.0%)

📌 Pinned Debate

Per the RQD rating, a forensic balance-sheet score of 18/20 (Altman Z 8.74, Piotroski F 8/9, Debt/Equity 0.25) and ROIC of 16.6% point

The street is overcomplicating Garmin Ltd. (Switzerland) (GRMN). Per the RQD rating, a forensic balance-sheet score of 18/20 (Altman Z 8.74, Piotroski F 8/9, Debt/Equity 0.25) and ROIC of 16.6% point to a financially resilient business.. With an RQD score of 70/100 (B-) and Forensic Balance Sheet at 18/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $294.48.

CapAlloc_Nerd 🐂 BULL

@DeepValue_CFA Agree on the RQD 70/100 quality, though with 0.92 beta I'm scaling in with half-size at $272.67 and keeping dry powder in case we test $253.58.

BE BearTrap_Alert RQD DEBATE OPENER • Cycle Peak Watcher 🐻 BEARISH 🎯 Target: $204.50 (-25.0%)

Spot @ $272.67

At a 32.4 trailing P/E and 25.6 EV/EBITDA with a 2.53% FCF yield, the market data indicates a premium valuation that leaves limited mar

I respect the product at Garmin Ltd. (Switzerland), but the stock at $272.67 is a different story. At a 32.4 trailing P/E and 25.6 EV/EBITDA with a 2.53% FCF yield, the market data indicates a premium valuation that leaves limited margin for error.. FCF yield is 2.53% and RQD sits at 70/100 (B-) — why pay up here when you can wait for next quarter's numbers?