Garmin Gross Margin 2010-2024 | GRMN

Garmin gross margin for the quarter ending September 30, 2024 was 58.43%.

  • Garmin average gross margin for 2023 was 57.5%, a 0.23% increase from 2022.
  • Garmin average gross margin for 2022 was 57.37%, a 2.61% increase from 2021.
  • Garmin average gross margin for 2021 was 58.91%, a 0.62% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.

Garmin Gross Margin 2010-2024 | GRMN

  • Garmin average gross margin for 2023 was 57.5%, a 0.23% increase from 2022.
  • Garmin average gross margin for 2022 was 57.37%, a 2.61% increase from 2021.
  • Garmin average gross margin for 2021 was 58.91%, a 0.62% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.
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