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Side-by-side financial comparison of Garmin (GRMN) and Roper Technologies (ROP). Click either name above to swap in a different company.
Roper Technologies is the larger business by last-quarter revenue ($2.1B vs $1.8B, roughly 1.2× Garmin). Garmin runs the higher net margin — 23.1% vs 15.8%, a 7.3% gap on every dollar of revenue. On growth, Garmin posted the faster year-over-year revenue change (14.0% vs 11.3%). Roper Technologies produced more free cash flow last quarter ($507.0M vs $469.4M). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% CAGR vs 7.9%).
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.
Roper Technologies, Inc. is a holding company that owns companies in the technology sector.
GRMN vs ROP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $2.1B |
| Net Profit | $405.1M | $331.0M |
| Gross Margin | 59.4% | 69.4% |
| Operating Margin | 24.6% | 27.2% |
| Net Margin | 23.1% | 15.8% |
| Revenue YoY | 14.0% | 11.3% |
| Net Profit YoY | 21.7% | 842.6% |
| EPS (diluted) | $2.09 | $4.87 |
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 | $1.8B | $2.1B | ||
| Q4 25 | $2.1B | $2.1B | ||
| Q3 25 | $1.8B | $2.0B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $1.5B | $1.9B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.5B | $1.7B |
| Q1 26 | $405.1M | $331.0M | ||
| Q4 25 | $528.7M | $428.4M | ||
| Q3 25 | $401.6M | $398.5M | ||
| Q2 25 | $400.8M | $378.3M | ||
| Q1 25 | $332.8M | $331.1M | ||
| Q4 24 | $435.7M | $462.3M | ||
| Q3 24 | $399.1M | $367.9M | ||
| Q2 24 | $300.6M | $337.1M |
| Q1 26 | 59.4% | 69.4% | ||
| Q4 25 | 59.2% | 69.5% | ||
| Q3 25 | 59.1% | 69.5% | ||
| Q2 25 | 58.8% | 69.2% | ||
| Q1 25 | 57.6% | 68.7% | ||
| Q4 24 | 59.3% | 68.3% | ||
| Q3 24 | 60.0% | 69.2% | ||
| Q2 24 | 57.3% | 69.5% |
| Q1 26 | 24.6% | 27.2% | ||
| Q4 25 | 28.9% | 28.6% | ||
| Q3 25 | 25.8% | 28.4% | ||
| Q2 25 | 26.0% | 28.2% | ||
| Q1 25 | 21.7% | 27.9% | ||
| Q4 24 | 28.3% | 28.0% | ||
| Q3 24 | 27.6% | 28.1% | ||
| Q2 24 | 22.7% | 28.8% |
| Q1 26 | 23.1% | 15.8% | ||
| Q4 25 | 24.9% | 20.8% | ||
| Q3 25 | 22.7% | 19.8% | ||
| Q2 25 | 22.1% | 19.5% | ||
| Q1 25 | 21.7% | 17.6% | ||
| Q4 24 | 23.9% | 24.6% | ||
| Q3 24 | 25.2% | 20.8% | ||
| Q2 24 | 20.0% | 19.6% |
| Q1 26 | $2.09 | $4.87 | ||
| Q4 25 | $2.72 | $3.97 | ||
| Q3 25 | $2.08 | $3.68 | ||
| Q2 25 | $2.07 | $3.49 | ||
| Q1 25 | $1.72 | $3.06 | ||
| Q4 24 | $2.24 | $4.29 | ||
| Q3 24 | $2.07 | $3.40 | ||
| Q2 24 | $1.56 | $3.12 |
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 | $382.9M |
| Total DebtLower is stronger | — | $9.7B |
| Stockholders' EquityBook value | — | $18.8B |
| Total Assets | $11.0B | $34.6B |
| Debt / EquityLower = less leverage | — | 0.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3B | $382.9M | ||
| Q4 25 | $2.3B | $297.4M | ||
| Q3 25 | $2.1B | $320.0M | ||
| Q2 25 | $2.1B | $242.4M | ||
| Q1 25 | $2.2B | $372.8M | ||
| Q4 24 | $2.1B | $188.2M | ||
| Q3 24 | $2.0B | $269.6M | ||
| Q2 24 | $1.9B | $251.5M |
| Q1 26 | — | $9.7B | ||
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $18.8B | ||
| Q4 25 | $9.0B | $19.9B | ||
| Q3 25 | $8.5B | $20.0B | ||
| Q2 25 | $8.1B | $19.6B | ||
| Q1 25 | $8.2B | $19.2B | ||
| Q4 24 | $7.8B | $18.9B | ||
| Q3 24 | $7.5B | $18.5B | ||
| Q2 24 | $7.0B | $18.1B |
| Q1 26 | $11.0B | $34.6B | ||
| Q4 25 | $11.0B | $34.6B | ||
| Q3 25 | $10.5B | $34.6B | ||
| Q2 25 | $10.3B | $33.2B | ||
| Q1 25 | $9.8B | $31.4B | ||
| Q4 24 | $9.6B | $31.3B | ||
| Q3 24 | $9.3B | $31.6B | ||
| Q2 24 | $8.9B | $29.8B |
| Q1 26 | — | 0.52× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $536.0M | — |
| Free Cash FlowOCF − Capex | $469.4M | $507.0M |
| FCF MarginFCF / Revenue | 26.8% | 24.2% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 1.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $536.0M | — | ||
| Q4 25 | $553.8M | $738.0M | ||
| Q3 25 | $485.6M | $869.5M | ||
| Q2 25 | $173.2M | $404.1M | ||
| Q1 25 | $420.8M | $528.7M | ||
| Q4 24 | $483.9M | $722.2M | ||
| Q3 24 | $258.0M | $755.4M | ||
| Q2 24 | $255.3M | $384.1M |
| Q1 26 | $469.4M | $507.0M | ||
| 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 | — |
| Q1 26 | 26.8% | 24.2% | ||
| 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% | — |
| Q1 26 | — | 0.5% | ||
| 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% | — |
| Q1 26 | 1.32× | — | ||
| Q4 25 | 1.05× | 1.72× | ||
| Q3 25 | 1.21× | 2.18× | ||
| Q2 25 | 0.43× | 1.07× | ||
| Q1 25 | 1.26× | 1.60× | ||
| Q4 24 | 1.11× | 1.56× | ||
| Q3 24 | 0.65× | 2.05× | ||
| Q2 24 | 0.85× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
