FinEdge Labs
G

GRMN

GRMNVerified
5 segments tracked|8 years of data|Annual (10-K)
Total Revenue
$7.2B15.1%
FY2025
Operating Segments
5
Active segments
Blended Margin
25.9%
Operating margin
Highest Margin
33.6%
Outdoor Segment
Segment Shift

Outdoor Segment has grown from 29.8% to 28.3% of total revenue since FY2018, with 33.6% operating margins. Meanwhile, Fitness Segment is the fastest growing at +32.8% YoY.

Segment Revenue Over Time

Revenue Mix

Segment Breakdown — FY2025

SegmentRevenueOp. IncomeMargin% of TotalYoY
Fitness Segment$2.4B$726M30.8%32.5%+32.8%
Outdoor Segment$2.1B$690M33.6%28.3%+4.7%
Marine Segment$1.2B$251M21.2%16.3%+10.2%
Aviation Segment$987M$257M26.1%13.6%+12.6%
Auto Oem Segment$665M$-49M-7.3%9.2%+8.9%

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