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Side-by-side financial comparison of Garmin (GRMN) and StoneX Group Inc. (SNEX). 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× StoneX Group Inc.). Garmin runs the higher net margin — 23.1% vs 11.6%, a 11.5% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 14.0%). Garmin produced more free cash flow last quarter ($469.4M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% 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.
StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).
GRMN vs SNEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.2B |
| Net Profit | $405.1M | $139.0M |
| Gross Margin | 59.4% | — |
| Operating Margin | 24.6% | 15.4% |
| Net Margin | 23.1% | 11.6% |
| Revenue YoY | 14.0% | 81.0% |
| Net Profit YoY | 21.7% | 63.3% |
| EPS (diluted) | $2.09 | $2.50 |
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 | — | ||
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $1.8B | $32.7B | ||
| Q2 25 | $1.8B | $851.2M | ||
| Q1 25 | $1.5B | $820.4M | ||
| Q4 24 | $1.8B | $663.1M | ||
| Q3 24 | $1.6B | $31.1B | ||
| Q2 24 | $1.5B | $571.8M |
| Q1 26 | $405.1M | — | ||
| Q4 25 | $528.7M | $139.0M | ||
| Q3 25 | $401.6M | $85.7M | ||
| Q2 25 | $400.8M | $63.4M | ||
| Q1 25 | $332.8M | $71.7M | ||
| Q4 24 | $435.7M | $85.1M | ||
| Q3 24 | $399.1M | $76.7M | ||
| Q2 24 | $300.6M | $61.9M |
| Q1 26 | 59.4% | — | ||
| Q4 25 | 59.2% | — | ||
| Q3 25 | 59.1% | 3.7% | ||
| Q2 25 | 58.8% | — | ||
| Q1 25 | 57.6% | — | ||
| Q4 24 | 59.3% | — | ||
| Q3 24 | 60.0% | 3.0% | ||
| Q2 24 | 57.3% | — |
| Q1 26 | 24.6% | — | ||
| Q4 25 | 28.9% | 15.4% | ||
| Q3 25 | 25.8% | 0.3% | ||
| Q2 25 | 26.0% | -1.3% | ||
| Q1 25 | 21.7% | -1.0% | ||
| Q4 24 | 28.3% | -3.2% | ||
| Q3 24 | 27.6% | -0.0% | ||
| Q2 24 | 22.7% | -4.7% |
| Q1 26 | 23.1% | — | ||
| Q4 25 | 24.9% | 11.6% | ||
| Q3 25 | 22.7% | 0.3% | ||
| Q2 25 | 22.1% | 7.4% | ||
| Q1 25 | 21.7% | 8.7% | ||
| Q4 24 | 23.9% | 12.8% | ||
| Q3 24 | 25.2% | 0.2% | ||
| Q2 24 | 20.0% | 10.8% |
| Q1 26 | $2.09 | — | ||
| Q4 25 | $2.72 | $2.50 | ||
| Q3 25 | $2.08 | $0.72 | ||
| Q2 25 | $2.07 | $1.22 | ||
| Q1 25 | $1.72 | $1.41 | ||
| Q4 24 | $2.24 | $1.69 | ||
| Q3 24 | $2.07 | $2.32 | ||
| Q2 24 | $1.56 | $1.25 |
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 | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.5B |
| Total Assets | $11.0B | $47.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.2B | $1.3B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $1.9B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $9.0B | $2.5B | ||
| Q3 25 | $8.5B | $2.4B | ||
| Q2 25 | $8.1B | $2.0B | ||
| Q1 25 | $8.2B | $1.9B | ||
| Q4 24 | $7.8B | $1.8B | ||
| Q3 24 | $7.5B | $1.7B | ||
| Q2 24 | $7.0B | $1.6B |
| Q1 26 | $11.0B | — | ||
| Q4 25 | $11.0B | $47.8B | ||
| Q3 25 | $10.5B | $45.3B | ||
| Q2 25 | $10.3B | $34.3B | ||
| Q1 25 | $9.8B | $31.3B | ||
| Q4 24 | $9.6B | $29.6B | ||
| Q3 24 | $9.3B | $27.5B | ||
| Q2 24 | $8.9B | $25.9B |
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 | $-1.3B |
| Free Cash FlowOCF − Capex | $469.4M | $-1.3B |
| FCF MarginFCF / Revenue | 26.8% | -106.4% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | 1.32× | -9.08× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $536.0M | — | ||
| Q4 25 | $553.8M | $-1.3B | ||
| Q3 25 | $485.6M | $3.5B | ||
| Q2 25 | $173.2M | $1.5B | ||
| Q1 25 | $420.8M | $-154.5M | ||
| Q4 24 | $483.9M | $-477.8M | ||
| Q3 24 | $258.0M | $192.6M | ||
| Q2 24 | $255.3M | $-622.1M |
| Q1 26 | $469.4M | — | ||
| Q4 25 | $429.6M | $-1.3B | ||
| Q3 25 | $425.1M | $3.5B | ||
| Q2 25 | $127.5M | $1.5B | ||
| Q1 25 | $380.7M | $-169.8M | ||
| Q4 24 | $399.2M | $-491.4M | ||
| Q3 24 | $219.4M | $175.9M | ||
| Q2 24 | $218.2M | $-640.5M |
| Q1 26 | 26.8% | — | ||
| Q4 25 | 20.2% | -106.4% | ||
| Q3 25 | 24.0% | 10.7% | ||
| Q2 25 | 7.0% | 173.3% | ||
| Q1 25 | 24.8% | -20.7% | ||
| Q4 24 | 21.9% | -74.1% | ||
| Q3 24 | 13.8% | 0.6% | ||
| Q2 24 | 14.5% | -112.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 1.3% | ||
| Q3 25 | 3.4% | 0.1% | ||
| Q2 25 | 2.5% | 1.9% | ||
| Q1 25 | 2.6% | 1.9% | ||
| Q4 24 | 4.6% | 2.1% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 2.5% | 3.2% |
| Q1 26 | 1.32× | — | ||
| Q4 25 | 1.05× | -9.08× | ||
| Q3 25 | 1.21× | 41.18× | ||
| Q2 25 | 0.43× | 23.52× | ||
| Q1 25 | 1.26× | -2.15× | ||
| Q4 24 | 1.11× | -5.61× | ||
| Q3 24 | 0.65× | 2.51× | ||
| Q2 24 | 0.85× | -10.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
