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Side-by-side financial comparison of DaVita (DVA) and Garmin (GRMN). Click either name above to swap in a different company.
DaVita is the larger business by last-quarter revenue ($3.6B vs $2.1B, roughly 1.7× Garmin). Garmin runs the higher net margin — 24.9% vs 6.5%, a 18.4% gap on every dollar of revenue. On growth, Garmin posted the faster year-over-year revenue change (16.6% vs 12.3%). Over the past eight quarters, Garmin's revenue compounded faster (24.0% CAGR vs 6.6%).
DaVita Inc. is an American company that provides kidney dialysis services through a network of 2,675 outpatient centers in the United States, serving 200,800 patients, and 367 outpatient centers in 11 other countries serving 49,400 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo kidney dialysis, often 3 times per week for the rest of their lives unless they receive a kidney transplant via organ donation.
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.
DVA vs GRMN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $2.1B |
| Net Profit | $234.2M | $528.7M |
| Gross Margin | — | 59.2% |
| Operating Margin | 15.5% | 28.9% |
| Net Margin | 6.5% | 24.9% |
| Revenue YoY | 12.3% | 16.6% |
| Net Profit YoY | 43.8% | 21.3% |
| EPS (diluted) | $3.22 | $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.
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $2.1B | ||
| Q3 25 | $3.4B | $1.8B | ||
| Q2 25 | $3.4B | $1.8B | ||
| Q1 25 | $3.2B | $1.5B | ||
| Q4 24 | $3.3B | $1.8B | ||
| Q3 24 | $3.3B | $1.6B | ||
| Q2 24 | $3.2B | $1.5B |
| Q1 26 | $234.2M | — | ||
| Q4 25 | $234.2M | $528.7M | ||
| Q3 25 | $150.3M | $401.6M | ||
| Q2 25 | $199.3M | $400.8M | ||
| Q1 25 | $162.9M | $332.8M | ||
| Q4 24 | $259.3M | $435.7M | ||
| Q3 24 | $214.7M | $399.1M | ||
| Q2 24 | $222.7M | $300.6M |
| Q1 26 | — | — | ||
| 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% |
| Q1 26 | 15.5% | — | ||
| Q4 25 | 15.5% | 28.9% | ||
| Q3 25 | 14.8% | 25.8% | ||
| Q2 25 | 15.9% | 26.0% | ||
| Q1 25 | 13.6% | 21.7% | ||
| Q4 24 | 17.2% | 28.3% | ||
| Q3 24 | 16.4% | 27.6% | ||
| Q2 24 | 15.9% | 22.7% |
| Q1 26 | 6.5% | — | ||
| Q4 25 | 6.5% | 24.9% | ||
| Q3 25 | 4.4% | 22.7% | ||
| Q2 25 | 5.9% | 22.1% | ||
| Q1 25 | 5.1% | 21.7% | ||
| Q4 24 | 7.9% | 23.9% | ||
| Q3 24 | 6.6% | 25.2% | ||
| Q2 24 | 7.0% | 20.0% |
| Q1 26 | $3.22 | — | ||
| Q4 25 | $3.22 | $2.72 | ||
| Q3 25 | $2.04 | $2.08 | ||
| Q2 25 | $2.58 | $2.07 | ||
| Q1 25 | $2.00 | $1.72 | ||
| Q4 24 | $3.08 | $2.24 | ||
| Q3 24 | $2.50 | $2.07 | ||
| Q2 24 | $2.50 | $1.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $700.7M | $2.3B |
| Total DebtLower is stronger | $10.2B | — |
| Stockholders' EquityBook value | $-651.1M | $9.0B |
| Total Assets | $17.5B | $11.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $700.7M | — | ||
| Q4 25 | $700.7M | $2.3B | ||
| Q3 25 | $736.5M | $2.1B | ||
| Q2 25 | $739.4M | $2.1B | ||
| Q1 25 | $511.9M | $2.2B | ||
| Q4 24 | $846.0M | $2.1B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $437.2M | $1.9B |
| Q1 26 | $10.2B | — | ||
| Q4 25 | $10.2B | — | ||
| Q3 25 | $10.2B | — | ||
| Q2 25 | $10.1B | — | ||
| Q1 25 | $9.6B | — | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $9.3B | — | ||
| Q2 24 | $8.5B | — |
| Q1 26 | $-651.1M | — | ||
| Q4 25 | $-651.1M | $9.0B | ||
| Q3 25 | $-571.9M | $8.5B | ||
| Q2 25 | $-369.6M | $8.1B | ||
| Q1 25 | $-267.1M | $8.2B | ||
| Q4 24 | $121.1M | $7.8B | ||
| Q3 24 | $386.7M | $7.5B | ||
| Q2 24 | $632.9M | $7.0B |
| Q1 26 | $17.5B | — | ||
| Q4 25 | $17.5B | $11.0B | ||
| Q3 25 | $17.6B | $10.5B | ||
| Q2 25 | $17.5B | $10.3B | ||
| Q1 25 | $17.1B | $9.8B | ||
| Q4 24 | $17.3B | $9.6B | ||
| Q3 24 | $17.5B | $9.3B | ||
| Q2 24 | $17.0B | $8.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 75.76× | — | ||
| Q3 24 | 23.95× | — | ||
| Q2 24 | 13.35× | — |
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 | — | $553.8M |
| Free Cash FlowOCF − Capex | — | $429.6M |
| FCF MarginFCF / Revenue | — | 20.2% |
| Capex IntensityCapex / Revenue | — | 5.8% |
| Cash ConversionOCF / Net Profit | — | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $540.7M | $553.8M | ||
| Q3 25 | $841.5M | $485.6M | ||
| Q2 25 | $324.2M | $173.2M | ||
| Q1 25 | $180.0M | $420.8M | ||
| Q4 24 | $547.6M | $483.9M | ||
| Q3 24 | $810.4M | $258.0M | ||
| Q2 24 | $798.8M | $255.3M |
| Q1 26 | — | — | ||
| Q4 25 | $395.3M | $429.6M | ||
| Q3 25 | $675.4M | $425.1M | ||
| Q2 25 | $203.1M | $127.5M | ||
| Q1 25 | $36.8M | $380.7M | ||
| Q4 24 | $377.0M | $399.2M | ||
| Q3 24 | $671.4M | $219.4M | ||
| Q2 24 | $674.1M | $218.2M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 20.2% | ||
| Q3 25 | 19.7% | 24.0% | ||
| Q2 25 | 6.0% | 7.0% | ||
| Q1 25 | 1.1% | 24.8% | ||
| Q4 24 | 11.4% | 21.9% | ||
| Q3 24 | 20.6% | 13.8% | ||
| Q2 24 | 21.2% | 14.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 5.8% | ||
| Q3 25 | 4.9% | 3.4% | ||
| Q2 25 | 3.6% | 2.5% | ||
| Q1 25 | 4.4% | 2.6% | ||
| Q4 24 | 5.2% | 4.6% | ||
| Q3 24 | 4.3% | 2.4% | ||
| Q2 24 | 3.9% | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.31× | 1.05× | ||
| Q3 25 | 5.60× | 1.21× | ||
| Q2 25 | 1.63× | 0.43× | ||
| Q1 25 | 1.10× | 1.26× | ||
| Q4 24 | 2.11× | 1.11× | ||
| Q3 24 | 3.77× | 0.65× | ||
| Q2 24 | 3.59× | 0.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DVA
Segment breakdown not available.
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% |
