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Side-by-side financial comparison of CIVITAS RESOURCES, INC. (CIVI) and Garmin (GRMN). Click either name above to swap in a different company.

Garmin is the larger business by last-quarter revenue ($1.8B vs $1.2B, roughly 1.5× CIVITAS RESOURCES, INC.). On growth, Garmin posted the faster year-over-year revenue change (14.0% vs -8.2%). Over the past eight quarters, Garmin's revenue compounded faster (7.9% CAGR vs 1.8%).

Civitas Resources, Inc. is a U.S.-based sustainable energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It primarily operates across the Denver-Julesburg Basin in Colorado, prioritizing low-emission, responsible energy production to meet diverse North American energy demand.

Garmin Ltd. is an American multinational technology company based in Olathe, Kansas. The company designs, develops, manufactures, markets, and distributes GPS-enabled products and other navigation, communication, sensor-based, and information products to the automotive, aviation, marine, outdoors, and sport markets.

CIVI vs GRMN — Head-to-Head

Bigger by revenue
GRMN
GRMN
1.5× larger
GRMN
$1.8B
$1.2B
CIVI
Growing faster (revenue YoY)
GRMN
GRMN
+22.2% gap
GRMN
14.0%
-8.2%
CIVI
Faster 2-yr revenue CAGR
GRMN
GRMN
Annualised
GRMN
7.9%
1.8%
CIVI

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
CIVI
CIVI
GRMN
GRMN
Revenue
$1.2B
$1.8B
Net Profit
$405.1M
Gross Margin
59.4%
Operating Margin
20.0%
24.6%
Net Margin
23.1%
Revenue YoY
-8.2%
14.0%
Net Profit YoY
21.7%
EPS (diluted)
$1.99
$2.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CIVI
CIVI
GRMN
GRMN
Q1 26
$1.8B
Q4 25
$2.1B
Q3 25
$1.2B
$1.8B
Q2 25
$1.1B
$1.8B
Q1 25
$1.2B
$1.5B
Q4 24
$1.3B
$1.8B
Q3 24
$1.3B
$1.6B
Q2 24
$1.3B
$1.5B
Net Profit
CIVI
CIVI
GRMN
GRMN
Q1 26
$405.1M
Q4 25
$528.7M
Q3 25
$401.6M
Q2 25
$400.8M
Q1 25
$332.8M
Q4 24
$435.7M
Q3 24
$399.1M
Q2 24
$300.6M
Gross Margin
CIVI
CIVI
GRMN
GRMN
Q1 26
59.4%
Q4 25
59.2%
Q3 25
59.1%
Q2 25
58.8%
Q1 25
57.6%
Q4 24
59.3%
Q3 24
60.0%
Q2 24
57.3%
Operating Margin
CIVI
CIVI
GRMN
GRMN
Q1 26
24.6%
Q4 25
28.9%
Q3 25
20.0%
25.8%
Q2 25
15.3%
26.0%
Q1 25
20.7%
21.7%
Q4 24
15.4%
28.3%
Q3 24
30.6%
27.6%
Q2 24
21.6%
22.7%
Net Margin
CIVI
CIVI
GRMN
GRMN
Q1 26
23.1%
Q4 25
24.9%
Q3 25
22.7%
Q2 25
22.1%
Q1 25
21.7%
Q4 24
23.9%
Q3 24
25.2%
Q2 24
20.0%
EPS (diluted)
CIVI
CIVI
GRMN
GRMN
Q1 26
$2.09
Q4 25
$2.72
Q3 25
$1.99
$2.08
Q2 25
$1.34
$2.07
Q1 25
$1.99
$1.72
Q4 24
$1.56
$2.24
Q3 24
$3.01
$2.07
Q2 24
$2.15
$1.56

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CIVI
CIVI
GRMN
GRMN
Cash + ST InvestmentsLiquidity on hand
$56.0M
$2.3B
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$6.7B
Total Assets
$15.1B
$11.0B
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIVI
CIVI
GRMN
GRMN
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$56.0M
$2.1B
Q2 25
$69.0M
$2.1B
Q1 25
$20.0M
$2.2B
Q4 24
$76.0M
$2.1B
Q3 24
$47.1M
$2.0B
Q2 24
$91.9M
$1.9B
Total Debt
CIVI
CIVI
GRMN
GRMN
Q1 26
Q4 25
Q3 25
$5.1B
Q2 25
$5.4B
Q1 25
$5.1B
Q4 24
$4.5B
Q3 24
$4.8B
Q2 24
$4.9B
Stockholders' Equity
CIVI
CIVI
GRMN
GRMN
Q1 26
Q4 25
$9.0B
Q3 25
$6.7B
$8.5B
Q2 25
$6.8B
$8.1B
Q1 25
$6.7B
$8.2B
Q4 24
$6.6B
$7.8B
Q3 24
$6.7B
$7.5B
Q2 24
$6.6B
$7.0B
Total Assets
CIVI
CIVI
GRMN
GRMN
Q1 26
$11.0B
Q4 25
$11.0B
Q3 25
$15.1B
$10.5B
Q2 25
$15.4B
$10.3B
Q1 25
$15.3B
$9.8B
Q4 24
$14.9B
$9.6B
Q3 24
$15.0B
$9.3B
Q2 24
$15.0B
$8.9B
Debt / Equity
CIVI
CIVI
GRMN
GRMN
Q1 26
Q4 25
Q3 25
0.77×
Q2 25
0.79×
Q1 25
0.76×
Q4 24
0.68×
Q3 24
0.73×
Q2 24
0.74×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CIVI
CIVI
GRMN
GRMN
Operating Cash FlowLast quarter
$860.0M
$536.0M
Free Cash FlowOCF − Capex
$469.4M
FCF MarginFCF / Revenue
26.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.32×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIVI
CIVI
GRMN
GRMN
Q1 26
$536.0M
Q4 25
$553.8M
Q3 25
$860.0M
$485.6M
Q2 25
$298.0M
$173.2M
Q1 25
$719.0M
$420.8M
Q4 24
$858.2M
$483.9M
Q3 24
$835.0M
$258.0M
Q2 24
$359.0M
$255.3M
Free Cash Flow
CIVI
CIVI
GRMN
GRMN
Q1 26
$469.4M
Q4 25
$429.6M
Q3 25
$425.1M
Q2 25
$127.5M
Q1 25
$380.7M
Q4 24
$399.2M
Q3 24
$219.4M
Q2 24
$218.2M
FCF Margin
CIVI
CIVI
GRMN
GRMN
Q1 26
26.8%
Q4 25
20.2%
Q3 25
24.0%
Q2 25
7.0%
Q1 25
24.8%
Q4 24
21.9%
Q3 24
13.8%
Q2 24
14.5%
Capex Intensity
CIVI
CIVI
GRMN
GRMN
Q1 26
Q4 25
5.8%
Q3 25
3.4%
Q2 25
2.5%
Q1 25
2.6%
Q4 24
4.6%
Q3 24
2.4%
Q2 24
2.5%
Cash Conversion
CIVI
CIVI
GRMN
GRMN
Q1 26
1.32×
Q4 25
1.05×
Q3 25
1.21×
Q2 25
0.43×
Q1 25
1.26×
Q4 24
1.11×
Q3 24
0.65×
Q2 24
0.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CIVI
CIVI

Crude Oil Natural Gas And Natural Gas Liquids$1.2B99%
Oil And Gas Operation And Maintenance$8.0M1%
Natural Gas Reserves$2.0M0%

GRMN
GRMN

Segment breakdown not available.

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