G
GRMN
GRMNVerified5 segments tracked|6 years of data|Annual (10-K)
Total Revenue
$6.3B20.4%
FY2024
Operating Segments
5Active segments
Blended Margin
25.3%Operating margin
Highest Margin
35.8%Outdoor
Segment Shift
Outdoor has grown from 28.6% to 31.2% of total revenue since FY2019, with 35.8% operating margins. Meanwhile, Auto Oem is the fastest growing at +44.3% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2024
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Outdoor | $2.0B | $703M | 35.8% | 31.2% | +15.6% |
| Fitness | $1.8B | $483M | 27.2% | 28.2% | +32.0% |
| Marine | $1.1B | $236M | 22.0% | 17.0% | +17.0% |
| Aviation | $877M | $211M | 24.1% | 13.9% | +3.6% |
| Auto Oem | $611M | $-39M | -6.4% | 9.7% | +44.3% |
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