GARMIN LTD Annual Operating Margin in % from 2017 to 2024

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 2017 to 2024.
  • Garmin Ltd Operating Margin for the quarter ending December 28, 2024 was 25.3 %, a 21.2% increase year-over-year.
  • Garmin Ltd annual Operating Margin for 2024 was 25.3 %, a 21.2% increase from 2023.
  • 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.
Operating Margin, Annual (%)
Operating Margin, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2024 25.3 +4.42 +21.2% Dec 31, 2023 Dec 28, 2024
2023 20.9 -0.26 -1.23% Jan 1, 2023 Dec 30, 2023
2022 21.2 -3.31 -13.5% Dec 26, 2021 Dec 31, 2022
2021 24.5 -0.72 -2.86% Dec 27, 2020 Dec 25, 2021
2020 25.2 +0.02 +0.08% Dec 29, 2019 Dec 26, 2020
2019 25.2 +1.91 +8.21% Dec 30, 2018 Dec 28, 2019
2018 23.3 +1.35 +6.16% Dec 31, 2017 Dec 29, 2018
2017 21.9 Jan 1, 2017 Dec 30, 2017
* An asterisk sign (*) next to the value indicates that the value is likely invalid.