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Side-by-side financial comparison of Garmin (GRMN) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.
Stanley Black & Decker is the larger business by last-quarter revenue ($3.8B vs $2.1B, roughly 1.8× Garmin). Garmin runs the higher net margin — 24.9% vs 1.4%, a 23.5% gap on every dollar of revenue. On growth, Garmin posted the faster year-over-year revenue change (16.6% vs 0.1%). Garmin produced more free cash flow last quarter ($429.6M vs $155.3M). Over the past eight quarters, Garmin's revenue compounded faster (24.0% CAGR vs 0.3%).
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.
Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.
GRMN vs SWK — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $3.8B |
| Net Profit | $528.7M | $51.4M |
| Gross Margin | 59.2% | 31.4% |
| Operating Margin | 28.9% | — |
| Net Margin | 24.9% | 1.4% |
| Revenue YoY | 16.6% | 0.1% |
| Net Profit YoY | 21.3% | -43.6% |
| EPS (diluted) | $2.72 | $0.34 |
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 | — | ||
| Q3 25 | $1.8B | $3.8B | ||
| Q2 25 | $1.8B | $3.9B | ||
| Q1 25 | $1.5B | $3.7B | ||
| Q4 24 | $1.8B | $3.7B | ||
| Q3 24 | $1.6B | $3.8B | ||
| Q2 24 | $1.5B | $4.0B | ||
| Q1 24 | $1.4B | $3.9B |
| Q4 25 | $528.7M | — | ||
| Q3 25 | $401.6M | $51.4M | ||
| Q2 25 | $400.8M | $101.9M | ||
| Q1 25 | $332.8M | $90.4M | ||
| Q4 24 | $435.7M | $194.9M | ||
| Q3 24 | $399.1M | $91.1M | ||
| Q2 24 | $300.6M | $-11.2M | ||
| Q1 24 | $276.0M | $19.5M |
| Q4 25 | 59.2% | — | ||
| Q3 25 | 59.1% | 31.4% | ||
| Q2 25 | 58.8% | 27.0% | ||
| Q1 25 | 57.6% | 29.9% | ||
| Q4 24 | 59.3% | 30.8% | ||
| Q3 24 | 60.0% | 29.9% | ||
| Q2 24 | 57.3% | 28.4% | ||
| Q1 24 | 58.1% | 28.6% |
| Q4 25 | 28.9% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 26.0% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 28.3% | 3.4% | ||
| Q3 24 | 27.6% | 10.6% | ||
| Q2 24 | 22.7% | 9.5% | ||
| Q1 24 | 21.6% | 8.3% |
| Q4 25 | 24.9% | — | ||
| Q3 25 | 22.7% | 1.4% | ||
| Q2 25 | 22.1% | 2.6% | ||
| Q1 25 | 21.7% | 2.4% | ||
| Q4 24 | 23.9% | 5.2% | ||
| Q3 24 | 25.2% | 2.4% | ||
| Q2 24 | 20.0% | -0.3% | ||
| Q1 24 | 20.0% | 0.5% |
| Q4 25 | $2.72 | — | ||
| Q3 25 | $2.08 | $0.34 | ||
| Q2 25 | $2.07 | $0.67 | ||
| Q1 25 | $1.72 | $0.60 | ||
| Q4 24 | $2.24 | $1.29 | ||
| Q3 24 | $2.07 | $0.60 | ||
| Q2 24 | $1.56 | $-0.07 | ||
| Q1 24 | $1.43 | $0.13 |
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 | $268.3M |
| Total DebtLower is stronger | — | $5.3B |
| Stockholders' EquityBook value | $9.0B | $9.0B |
| Total Assets | $11.0B | $21.8B |
| Debt / EquityLower = less leverage | — | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.1B | $268.3M | ||
| Q2 25 | $2.1B | $311.8M | ||
| Q1 25 | $2.2B | $344.8M | ||
| Q4 24 | $2.1B | $290.5M | ||
| Q3 24 | $2.0B | $298.7M | ||
| Q2 24 | $1.9B | $318.5M | ||
| Q1 24 | $1.9B | $476.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.1B |
| Q4 25 | $9.0B | — | ||
| Q3 25 | $8.5B | $9.0B | ||
| Q2 25 | $8.1B | $9.1B | ||
| Q1 25 | $8.2B | $8.8B | ||
| Q4 24 | $7.8B | $8.7B | ||
| Q3 24 | $7.5B | $8.9B | ||
| Q2 24 | $7.0B | $8.7B | ||
| Q1 24 | $7.2B | $8.9B |
| Q4 25 | $11.0B | — | ||
| Q3 25 | $10.5B | $21.8B | ||
| Q2 25 | $10.3B | $22.5B | ||
| Q1 25 | $9.8B | $22.5B | ||
| Q4 24 | $9.6B | $21.8B | ||
| Q3 24 | $9.3B | $22.5B | ||
| Q2 24 | $8.9B | $22.5B | ||
| Q1 24 | $8.6B | $23.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.69× |
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 | $221.2M |
| Free Cash FlowOCF − Capex | $429.6M | $155.3M |
| FCF MarginFCF / Revenue | 20.2% | 4.1% |
| Capex IntensityCapex / Revenue | 5.8% | 1.8% |
| Cash ConversionOCF / Net Profit | 1.05× | 4.30× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $369.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $553.8M | — | ||
| Q3 25 | $485.6M | $221.2M | ||
| Q2 25 | $173.2M | $214.3M | ||
| Q1 25 | $420.8M | $-420.0M | ||
| Q4 24 | $483.9M | $679.1M | ||
| Q3 24 | $258.0M | $285.8M | ||
| Q2 24 | $255.3M | $573.0M | ||
| Q1 24 | $435.3M | $-431.0M |
| Q4 25 | $429.6M | — | ||
| Q3 25 | $425.1M | $155.3M | ||
| Q2 25 | $127.5M | $134.7M | ||
| Q1 25 | $380.7M | $-485.0M | ||
| Q4 24 | $399.2M | $564.6M | ||
| Q3 24 | $219.4M | $199.3M | ||
| Q2 24 | $218.2M | $485.8M | ||
| Q1 24 | $402.1M | $-496.7M |
| Q4 25 | 20.2% | — | ||
| Q3 25 | 24.0% | 4.1% | ||
| Q2 25 | 7.0% | 3.4% | ||
| Q1 25 | 24.8% | -13.0% | ||
| Q4 24 | 21.9% | 15.2% | ||
| Q3 24 | 13.8% | 5.3% | ||
| Q2 24 | 14.5% | 12.1% | ||
| Q1 24 | 29.1% | -12.8% |
| Q4 25 | 5.8% | — | ||
| Q3 25 | 3.4% | 1.8% | ||
| Q2 25 | 2.5% | 2.0% | ||
| Q1 25 | 2.6% | 1.7% | ||
| Q4 24 | 4.6% | 3.1% | ||
| Q3 24 | 2.4% | 2.3% | ||
| Q2 24 | 2.5% | 2.2% | ||
| Q1 24 | 2.4% | 1.7% |
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.21× | 4.30× | ||
| Q2 25 | 0.43× | 2.10× | ||
| Q1 25 | 1.26× | -4.65× | ||
| Q4 24 | 1.11× | 3.48× | ||
| Q3 24 | 0.65× | 3.14× | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | 1.58× | -22.10× |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
