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Side-by-side financial comparison of Coda Octopus Group, Inc. (CODA) and Garmin (GRMN). Click either name above to swap in a different company.
Garmin is the larger business by last-quarter revenue ($2.1B vs $7.3M, roughly 292.2× Coda Octopus Group, Inc.). Garmin runs the higher net margin — 24.9% vs 14.1%, a 10.8% gap on every dollar of revenue. On growth, Coda Octopus Group, Inc. posted the faster year-over-year revenue change (43.8% vs 16.6%). Garmin produced more free cash flow last quarter ($429.6M vs $2.5M). Over the past eight quarters, Coda Octopus Group, Inc.'s revenue compounded faster (27.7% CAGR vs 24.0%).
CODA plc was a mid-sized international financial software company based in the United Kingdom. Founded in 1979, it was purchased in 2008 by Unit4, a supplier of enterprise software, based in the Netherlands. CODA creates, markets and implements a range of business software systems designed for finance directors and finance departments. These include:financial management systems like accounting software and procurement software: financial analysis applications like reporting, consolidation and...
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.
CODA vs GRMN — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $7.3M | $2.1B |
| Net Profit | $1.0M | $528.7M |
| Gross Margin | 67.6% | 59.2% |
| Operating Margin | 19.3% | 28.9% |
| Net Margin | 14.1% | 24.9% |
| Revenue YoY | 43.8% | 16.6% |
| Net Profit YoY | 214.3% | 21.3% |
| EPS (diluted) | $0.10 | $2.72 |
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.
| Q4 25 | $7.3M | $2.1B | ||
| Q3 25 | $7.1M | $1.8B | ||
| Q2 25 | $7.0M | $1.8B | ||
| Q1 25 | $5.2M | $1.5B | ||
| Q4 24 | $5.1M | $1.8B | ||
| Q3 24 | $5.5M | $1.6B | ||
| Q2 24 | $5.3M | $1.5B | ||
| Q1 24 | $4.5M | $1.4B |
| Q4 25 | $1.0M | $528.7M | ||
| Q3 25 | $1.3M | $401.6M | ||
| Q2 25 | $908.8K | $400.8M | ||
| Q1 25 | $913.0K | $332.8M | ||
| Q4 24 | $326.2K | $435.7M | ||
| Q3 24 | $1.3M | $399.1M | ||
| Q2 24 | $1.4M | $300.6M | ||
| Q1 24 | $629.9K | $276.0M |
| Q4 25 | 67.6% | 59.2% | ||
| Q3 25 | 68.3% | 59.1% | ||
| Q2 25 | 64.1% | 58.8% | ||
| Q1 25 | 65.8% | 57.6% | ||
| Q4 24 | 65.3% | 59.3% | ||
| Q3 24 | 73.9% | 60.0% | ||
| Q2 24 | 70.2% | 57.3% | ||
| Q1 24 | 69.2% | 58.1% |
| Q4 25 | 19.3% | 28.9% | ||
| Q3 25 | 19.5% | 25.8% | ||
| Q2 25 | 15.5% | 26.0% | ||
| Q1 25 | 12.7% | 21.7% | ||
| Q4 24 | 5.7% | 28.3% | ||
| Q3 24 | 25.4% | 27.6% | ||
| Q2 24 | 25.4% | 22.7% | ||
| Q1 24 | 12.4% | 21.6% |
| Q4 25 | 14.1% | 24.9% | ||
| Q3 25 | 18.2% | 22.7% | ||
| Q2 25 | 13.0% | 22.1% | ||
| Q1 25 | 17.5% | 21.7% | ||
| Q4 24 | 6.5% | 23.9% | ||
| Q3 24 | 23.3% | 25.2% | ||
| Q2 24 | 26.6% | 20.0% | ||
| Q1 24 | 14.1% | 20.0% |
| Q4 25 | $0.10 | $2.72 | ||
| Q3 25 | $0.11 | $2.08 | ||
| Q2 25 | $0.08 | $2.07 | ||
| Q1 25 | $0.08 | $1.72 | ||
| Q4 24 | $0.02 | $2.24 | ||
| Q3 24 | $0.11 | $2.07 | ||
| Q2 24 | $0.13 | $1.56 | ||
| Q1 24 | $0.06 | $1.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $28.7M | $2.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $58.1M | $9.0B |
| Total Assets | $64.5M | $11.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.7M | $2.3B | ||
| Q3 25 | $26.2M | $2.1B | ||
| Q2 25 | $24.5M | $2.1B | ||
| Q1 25 | $22.5M | $2.2B | ||
| Q4 24 | $22.5M | $2.1B | ||
| Q3 24 | $25.2M | $2.0B | ||
| Q2 24 | $23.7M | $1.9B | ||
| Q1 24 | $25.0M | $1.9B |
| Q4 25 | $58.1M | $9.0B | ||
| Q3 25 | $57.3M | $8.5B | ||
| Q2 25 | $55.9M | $8.1B | ||
| Q1 25 | $53.1M | $8.2B | ||
| Q4 24 | $53.1M | $7.8B | ||
| Q3 24 | $52.8M | $7.5B | ||
| Q2 24 | $51.1M | $7.0B | ||
| Q1 24 | $50.1M | $7.2B |
| Q4 25 | $64.5M | $11.0B | ||
| Q3 25 | $61.9M | $10.5B | ||
| Q2 25 | $60.6M | $10.3B | ||
| Q1 25 | $56.9M | $9.8B | ||
| Q4 24 | $57.5M | $9.6B | ||
| Q3 24 | $55.9M | $9.3B | ||
| Q2 24 | $54.0M | $8.9B | ||
| Q1 24 | $53.0M | $8.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.9M | $553.8M |
| Free Cash FlowOCF − Capex | $2.5M | $429.6M |
| FCF MarginFCF / Revenue | 34.9% | 20.2% |
| Capex IntensityCapex / Revenue | 5.0% | 5.8% |
| Cash ConversionOCF / Net Profit | 2.83× | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | $6.0M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $553.8M | ||
| Q3 25 | $2.2M | $485.6M | ||
| Q2 25 | $1.5M | $173.2M | ||
| Q1 25 | $641.5K | $420.8M | ||
| Q4 24 | $2.0M | $483.9M | ||
| Q3 24 | $1.7M | $258.0M | ||
| Q2 24 | $-955.8K | $255.3M | ||
| Q1 24 | $-298.0K | $435.3M |
| Q4 25 | $2.5M | $429.6M | ||
| Q3 25 | $1.6M | $425.1M | ||
| Q2 25 | $1.4M | $127.5M | ||
| Q1 25 | $513.4K | $380.7M | ||
| Q4 24 | $1.9M | $399.2M | ||
| Q3 24 | $1.5M | $219.4M | ||
| Q2 24 | $-1.1M | $218.2M | ||
| Q1 24 | $-433.6K | $402.1M |
| Q4 25 | 34.9% | 20.2% | ||
| Q3 25 | 22.6% | 24.0% | ||
| Q2 25 | 19.9% | 7.0% | ||
| Q1 25 | 9.9% | 24.8% | ||
| Q4 24 | 38.5% | 21.9% | ||
| Q3 24 | 28.2% | 13.8% | ||
| Q2 24 | -20.9% | 14.5% | ||
| Q1 24 | -9.7% | 29.1% |
| Q4 25 | 5.0% | 5.8% | ||
| Q3 25 | 8.6% | 3.4% | ||
| Q2 25 | 1.0% | 2.5% | ||
| Q1 25 | 2.5% | 2.6% | ||
| Q4 24 | 0.9% | 4.6% | ||
| Q3 24 | 3.0% | 2.4% | ||
| Q2 24 | 2.9% | 2.5% | ||
| Q1 24 | 3.0% | 2.4% |
| Q4 25 | 2.83× | 1.05× | ||
| Q3 25 | 1.72× | 1.21× | ||
| Q2 25 | 1.61× | 0.43× | ||
| Q1 25 | 0.70× | 1.26× | ||
| Q4 24 | 6.11× | 1.11× | ||
| Q3 24 | 1.34× | 0.65× | ||
| Q2 24 | -0.68× | 0.85× | ||
| Q1 24 | -0.47× | 1.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CODA
| Segment Reporting | $3.1M | 42% |
| Transferred At Point In Time | $1.8M | 24% |
| Precision Acoustics Limited | $1.3M | 18% |
| Other | $1.1M | 15% |
GRMN
| Fitness Segment | $765.8M | 36% |
| Outdoor Segment | $627.6M | 30% |
| Marine Segment | $296.9M | 14% |
| Aviation Segment | $274.2M | 13% |
| Auto Oem Segment | $160.4M | 8% |
