GarminBUE:GRMN -1.52%94 FCF Margin % is 26.77% as of Mar. 2026, which is 39% above its 10-year median of 19.24. GuruFocus rates BUE:GRMN with a GF Score™ of 94/100 and a GF Value™ of ARS118,812.99 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,471 Hardware companies, Garmin ranks better than 93.32% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Garmin's Free Cash Flow for the
three
months ended in Mar. 2026 was ARS656,296 Mil. Garmin's Revenue for the
three
months ended in Mar. 2026 was ARS2,451,807 Mil. Therefore, Garmin's FCF Margin % for the quarter that ended in Mar. 2026 was 26.77%.
The historical rank and industry rank for Garmin's FCF Margin % or its related term are showing as below:
BUE:GRMN'
s FCF Margin % Range Over the Past 10 Years
Min: 11.19 Med: 19.24 Max: 22.68
Current: 19.9
During the past 13 years, the highest FCF Margin % of Garmin was 22.68%. The lowest was 11.19%. And the median was 19.24%.
BUE:GRMN's FCF Margin % is ranked better than 93.32% of 2471
companies
in the Hardware industry
Industry Median: 0.63
vs BUE:GRMN: 19.90
Garmin FCF Margin % Related Terms
Garmin FCF Margin % Historical Data
* Premium members only.
The historical data trend for Garmin's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BUE:GRMN vs KEYS, TDY, MKSI: FCF Margin % Comparison
For the Scientific & Technical Instruments subindustry, Garmin's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Garmin FCF Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Garmin's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Garmin's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Garmin (BUE:GRMN) has a FCF Margin % of 26.77% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Garmin and its competitors. This is 39% above median its historical median of 19.24. Over the past decade, Garmin's FCF Margin % has ranged from 11.19 to 22.68. According to the industry distribution chart, Garmin ranks #165 out of 2471 companies in the Hardware industry, placing it in the top 6.7%.
Is Garmin's FCF Margin % too high?
Garmin's current FCF Margin % of 26.77% is 39% above median its 10-year median of 19.24. Over the past 10 years, this metric has ranged from a low of 11.19 to a high of 22.68. The Hardware industry median FCF Margin % is 0.63. Garmin's value of 26.77% is 4149.2% above this industry median. Based on the distribution chart, Garmin ranks #165 out of 2471 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Garmin has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garmin's FCF Margin % compare to KEYS and TDY?
According to the Hardware industry distribution chart, Garmin ranks #165 out of 2471 companies for FCF Margin %. This places Garmin in the top 7% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 0.63. Garmin's value of 26.77% is 4149.2% above this benchmark. Historically, Garmin's own FCF Margin % has ranged from 11.19 to 22.68 over the past decade. While the company's 10-year median is 19.24 vs. the industry median of 0.63, Garmin has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Hardware company?
The median FCF Margin % among Hardware companies is 0.63, based on 2,471 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Garmin's current FCF Margin % of 26.77% is 4149.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Garmin and its competitors. For the Hardware industry, the median FCF Margin % is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garmin's current FCF Margin % is 26.77%, which is 39% above median its own 10-year median of 19.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garmin stock overvalued right now?
Based on GuruFocus' analysis, Garmin (BUE:GRMN) is currently considered Fairly Valued. The stock's GF Value™ is ARS118,812.99, compared to a current price of ARS119,600.00 — trading 0.7% above its estimated fair value. The current FCF Margin % is 26.77%, which is 39% above median its 10-year median of 19.24 and 4149.2% above the Hardware industry median of 0.63. Garmin's overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Garmin (BUE:GRMN), the current FCF Margin % is 26.77% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Garmin (BUE:GRMN) Overvalued in 2026?
Based on GuruFocus' analysis, Garmin stock appears to be overvalued.
The current stock price of ARS119,600.00 is trading 0.7% above its estimated GF Value™ of ARS118,812.99.
GuruFocus considers Garmin to be Fairly Valued.
Key valuation signals for BUE:GRMN:
FCF Margin %: 26.77% (39% above median its 10-year median of 19.24)
GF Value™: ARS118,812.99 vs. price of ARS119,600.00 (0.7% above fair value)
Industry Position: 4149.2% above the Hardware median (#165 of 2471)
No single metric tells the full story. See the BUE:GRMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices through a vertically integrated design and manufacturing approach. The company's product lines include smartwatches, fitness trackers, communication equipment, and a comprehensive suite of systems for marine and aviation navigation. Garmin operates globally, with its business focused primarily on North America and Europe.
94GF Score
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