GARMIN LTD (GRMN) Operating Margin % [USD] 2018 - 2024

Historical data

Taxonomy & unit
ratio: %
Description
The operating margin measures the profit a company makes on a dollar of sales after accounting for the direct costs involved in earning those revenues.
Summary
Garmin Ltd quarterly/annual Operating Margin history and growth rate from 2018 to 2024.
  • Garmin Ltd Operating Margin for the quarter ending March 30, 2024 was 21.9 %, a 6.07% increase year-over-year.
  • Garmin Ltd annual Operating Margin for 2023 was 20.9 %, a 1.23% decline from 2022.
  • Garmin Ltd annual Operating Margin for 2022 was 21.2 %, a 13.5% decline from 2021.
  • Garmin Ltd annual Operating Margin for 2021 was 24.5 %, a 2.86% decline from 2020.
Operating Margin, Quarterly (% [USD])
Operating Margin, YoY Quarterly Growth (%)
Period Value YoY Chg Change % Start Date End Date
Q1 2024 21.9 +1.25 +6.07% Dec 31, 2023 Mar 30, 2024
Q4 2023 20.9 -0.26 -1.23% Oct 1, 2023 Dec 30, 2023
Q3 2023 20.2 -1.59 -7.31% Jul 2, 2023 Sep 30, 2023
Q2 2023 20.1 -2.3 -10.3% Apr 2, 2023 Jul 1, 2023
Q1 2023 20.6 -2.95 -12.5% Jan 1, 2023 Apr 1, 2023
Q4 2022 21.2 -3.31 -13.5% Sep 25, 2022 Dec 31, 2022
Q3 2022 21.8 -4.04 -15.7% Jun 26, 2022 Sep 24, 2022
Q2 2022 22.4 -4.54 -16.9% Mar 27, 2022 Jun 25, 2022
Q1 2022 23.6 -2.03 -7.94% Dec 26, 2021 Mar 26, 2022
Q4 2021 24.5 -0.72 -2.86% Sep 26, 2021 Dec 25, 2021
Q3 2021 25.8 +1.42 +5.83% Jun 27, 2021 Sep 25, 2021
Q2 2021 26.9 +2.92 +12.2% Mar 28, 2021 Jun 26, 2021
Q1 2021 25.6 +0.33 +1.31% Dec 27, 2020 Mar 27, 2021
Q4 2020 25.2 +0.02 +0.08% Sep 27, 2020 Dec 26, 2020
Q3 2020 24.4 -0.49 -1.97% Jun 28, 2020 Sep 26, 2020
Q2 2020 24 +0.16 +0.67% Mar 29, 2020 Jun 27, 2020
Q1 2020 25.3 +2.11 +9.12% Dec 29, 2019 Mar 28, 2020
Q4 2019 25.2 +1.91 +8.21% Sep 29, 2019 Dec 28, 2019
Q3 2019 24.9 Jun 30, 2019 Sep 28, 2019
Q2 2019 23.9 Mar 31, 2019 Jun 29, 2019
Q1 2019 23.1 Dec 30, 2018 Mar 30, 2019
Q4 2018 23.3 Sep 30, 2018 Dec 29, 2018
* An asterisk sign (*) next to the value indicates that the value is likely invalid.