Garmin Ltd
NYSE:GRMN
Operating Margin
Garmin Ltd
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Operating Margin Across Competitors
| Country | Company | Market Cap |
Operating Margin |
||
|---|---|---|---|---|---|
| CH |
G
|
Garmin Ltd
NYSE:GRMN
|
38.6B USD |
25%
|
|
| JP |
|
Sony Group Corp
TSE:6758
|
22T JPY |
10%
|
|
| JP |
|
Panasonic Holdings Corp
TSE:6752
|
3.7T JPY |
5%
|
|
| CN |
T
|
TCL Technology Group Corp
SZSE:000100
|
81.9B CNY |
-1%
|
|
| IN |
|
Dixon Technologies (India) Ltd
NSE:DIXON
|
905.9B INR |
3%
|
|
| KR |
|
LG Electronics Inc
KRX:066570
|
12.7T KRW |
4%
|
|
| CN |
|
Sichuan Changhong Electric Co Ltd
SSE:600839
|
47.2B CNY |
2%
|
|
| CN |
|
Hisense Visual Technology Co Ltd
SSE:600060
|
31.3B CNY |
4%
|
|
| CN |
|
TCL Electronics Holdings Ltd
HKEX:1070
|
27.3B HKD |
2%
|
|
| JP |
|
Sharp Corp
TSE:6753
|
478.2B JPY |
1%
|
|
| JP |
|
Nikon Corp
TSE:7731
|
451B JPY |
0%
|
Garmin Ltd
Glance View
Garmin Ltd., founded in 1989 by Gary Burrell and Min Kao, began its journey as a pivotal player in the navigation sphere. The company emerged in an era where GPS technology was just starting to garner attention. Through relentless innovation, Garmin propelled itself into diverse segments, catering not just to consumers but also professionals and corporations. The company's traditional stronghold was personal navigation devices (PNDs), but over the years, it diversified into segments such as aviation, marine, outdoor, fitness, and automotive. Each of these divisions operates almost like independent businesses, tapping into specific demands of precise navigation and positioning solutions, much valued across various industries. As the world pivoted towards mobile technology, Garmin adeptly navigated these changes, focusing on integrating its technologies into various devices and platforms. The firm generates revenue primarily through the sale of its robust product lines and services that enhance lifestyles and professional pursuits. Beyond traditional GPS devices, Garmin develops satellite communication tools, smartwatches, action cameras, and even sophisticated avionics systems, thus widening its market reach while solidifying its brand as a leader in innovation. Their approach of being both vertically and horizontally integrated has allowed them to penetrate markets deeply, optimizing their supply chain and ensuring tight quality control which ensures that they consistently stay ahead of the competition in delivering value to their customers across the globe.
See Also
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Based on Garmin Ltd's most recent financial statements, the company has Operating Margin of 25.3%.
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