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Side-by-side financial comparison of Garmin (GRMN) and PERRIGO Co plc (PRGO). Click either name above to swap in a different company.
Garmin is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.9× PERRIGO Co plc). Garmin runs the higher net margin — 24.9% vs -127.8%, a 152.7% gap on every dollar of revenue. On growth, Garmin posted the faster year-over-year revenue change (16.6% vs -2.5%). Garmin produced more free cash flow last quarter ($429.6M vs $148.6M). Over the past eight quarters, Garmin's revenue compounded faster (24.0% CAGR vs 1.3%).
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.
Perrigo Company plc is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters ...
GRMN vs PRGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.1B |
| Net Profit | $528.7M | $-1.4B |
| Gross Margin | 59.2% | 32.6% |
| Operating Margin | 28.9% | -116.0% |
| Net Margin | 24.9% | -127.8% |
| Revenue YoY | 16.6% | -2.5% |
| Net Profit YoY | 21.3% | -3093.9% |
| EPS (diluted) | $2.72 | $-10.23 |
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 | $2.1B | $1.1B | ||
| Q3 25 | $1.8B | $1.0B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | $528.7M | $-1.4B | ||
| Q3 25 | $401.6M | $7.5M | ||
| Q2 25 | $400.8M | $-8.4M | ||
| Q1 25 | $332.8M | $-6.4M | ||
| Q4 24 | $435.7M | $-44.4M | ||
| Q3 24 | $399.1M | $-21.0M | ||
| Q2 24 | $300.6M | $-108.4M | ||
| Q1 24 | $276.0M | $2.0M |
| Q4 25 | 59.2% | 32.6% | ||
| Q3 25 | 59.1% | 36.1% | ||
| Q2 25 | 58.8% | 34.4% | ||
| Q1 25 | 57.6% | 37.6% | ||
| Q4 24 | 59.3% | 33.9% | ||
| Q3 24 | 60.0% | 37.2% | ||
| Q2 24 | 57.3% | 37.0% | ||
| Q1 24 | 58.1% | 33.1% |
| Q4 25 | 28.9% | -116.0% | ||
| Q3 25 | 25.8% | 7.0% | ||
| Q2 25 | 26.0% | 4.3% | ||
| Q1 25 | 21.7% | 4.5% | ||
| Q4 24 | 28.3% | 10.0% | ||
| Q3 24 | 27.6% | 7.4% | ||
| Q2 24 | 22.7% | -2.5% | ||
| Q1 24 | 21.6% | -5.1% |
| Q4 25 | 24.9% | -127.8% | ||
| Q3 25 | 22.7% | 0.7% | ||
| Q2 25 | 22.1% | -0.8% | ||
| Q1 25 | 21.7% | -0.6% | ||
| Q4 24 | 23.9% | -3.9% | ||
| Q3 24 | 25.2% | -1.9% | ||
| Q2 24 | 20.0% | -10.2% | ||
| Q1 24 | 20.0% | 0.2% |
| Q4 25 | $2.72 | $-10.23 | ||
| Q3 25 | $2.08 | $0.05 | ||
| Q2 25 | $2.07 | $-0.06 | ||
| Q1 25 | $1.72 | $-0.05 | ||
| Q4 24 | $2.24 | $-0.32 | ||
| Q3 24 | $2.07 | $-0.15 | ||
| Q2 24 | $1.56 | $-0.79 | ||
| Q1 24 | $1.43 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.3B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.0B | $2.9B |
| Total Assets | $11.0B | $8.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.1B | $432.1M | ||
| Q2 25 | $2.1B | $454.2M | ||
| Q1 25 | $2.2B | $409.9M | ||
| Q4 24 | $2.1B | $558.8M | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $1.9B | $542.8M | ||
| Q1 24 | $1.9B | $658.5M |
| Q4 25 | $9.0B | $2.9B | ||
| Q3 25 | $8.5B | $4.4B | ||
| Q2 25 | $8.1B | $4.5B | ||
| Q1 25 | $8.2B | $4.4B | ||
| Q4 24 | $7.8B | $4.3B | ||
| Q3 24 | $7.5B | $4.6B | ||
| Q2 24 | $7.0B | $4.5B | ||
| Q1 24 | $7.2B | $4.7B |
| Q4 25 | $11.0B | $8.5B | ||
| Q3 25 | $10.5B | $10.1B | ||
| Q2 25 | $10.3B | $10.1B | ||
| Q1 25 | $9.8B | $9.8B | ||
| Q4 24 | $9.6B | $9.6B | ||
| Q3 24 | $9.3B | $11.2B | ||
| Q2 24 | $8.9B | $10.4B | ||
| Q1 24 | $8.6B | $10.6B |
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 | $553.8M | $175.4M |
| Free Cash FlowOCF − Capex | $429.6M | $148.6M |
| FCF MarginFCF / Revenue | 20.2% | 13.4% |
| Capex IntensityCapex / Revenue | 5.8% | 2.4% |
| Cash ConversionOCF / Net Profit | 1.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $145.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $553.8M | $175.4M | ||
| Q3 25 | $485.6M | $51.7M | ||
| Q2 25 | $173.2M | $75.9M | ||
| Q1 25 | $420.8M | $-64.5M | ||
| Q4 24 | $483.9M | $312.6M | ||
| Q3 24 | $258.0M | $42.2M | ||
| Q2 24 | $255.3M | $9.5M | ||
| Q1 24 | $435.3M | $-1.4M |
| Q4 25 | $429.6M | $148.6M | ||
| Q3 25 | $425.1M | $29.8M | ||
| Q2 25 | $127.5M | $56.7M | ||
| Q1 25 | $380.7M | $-90.0M | ||
| Q4 24 | $399.2M | $274.9M | ||
| Q3 24 | $219.4M | $15.1M | ||
| Q2 24 | $218.2M | $-18.9M | ||
| Q1 24 | $402.1M | $-26.5M |
| Q4 25 | 20.2% | 13.4% | ||
| Q3 25 | 24.0% | 2.9% | ||
| Q2 25 | 7.0% | 5.4% | ||
| Q1 25 | 24.8% | -8.6% | ||
| Q4 24 | 21.9% | 24.2% | ||
| Q3 24 | 13.8% | 1.4% | ||
| Q2 24 | 14.5% | -1.8% | ||
| Q1 24 | 29.1% | -2.4% |
| Q4 25 | 5.8% | 2.4% | ||
| Q3 25 | 3.4% | 2.1% | ||
| Q2 25 | 2.5% | 1.8% | ||
| Q1 25 | 2.6% | 2.4% | ||
| Q4 24 | 4.6% | 3.3% | ||
| Q3 24 | 2.4% | 2.5% | ||
| Q2 24 | 2.5% | 2.7% | ||
| Q1 24 | 2.4% | 2.3% |
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.21× | 6.89× | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | 1.58× | -0.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
PRGO
| Consumer Self Care Americas | $697.0M | 63% |
| Digestive Health | $123.9M | 11% |
| Nutrition | $108.3M | 10% |
| Healthy Lifestyle | $94.8M | 9% |
| Pain And Sleep Aids | $87.1M | 8% |
