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Side-by-side financial comparison of Garmin (GRMN) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $1.8B, roughly 1.5× Garmin). Garmin runs the higher net margin — 23.1% vs 5.5%, a 17.6% gap on every dollar of revenue. On growth, Garmin posted the faster year-over-year revenue change (14.0% vs 2.0%). Garmin produced more free cash flow last quarter ($469.4M vs $-212.9M). Over the past eight quarters, Garmin's revenue compounded faster (7.9% CAGR vs -15.8%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
GRMN vs TAP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $2.7B |
| Net Profit | $405.1M | $150.1M |
| Gross Margin | 59.4% | 33.0% |
| Operating Margin | 24.6% | — |
| Net Margin | 23.1% | 5.5% |
| Revenue YoY | 14.0% | 2.0% |
| Net Profit YoY | 21.7% | 25.0% |
| EPS (diluted) | $2.09 | $0.80 |
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 | $2.7B | ||
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $1.8B | $3.5B | ||
| Q2 25 | $1.8B | $3.7B | ||
| Q1 25 | $1.5B | $2.7B | ||
| Q4 24 | $1.8B | $3.2B | ||
| Q3 24 | $1.6B | $3.6B | ||
| Q2 24 | $1.5B | $3.8B |
| Q1 26 | $405.1M | $150.1M | ||
| Q4 25 | $528.7M | $238.3M | ||
| Q3 25 | $401.6M | $-2.9B | ||
| Q2 25 | $400.8M | $428.7M | ||
| Q1 25 | $332.8M | $121.0M | ||
| Q4 24 | $435.7M | $287.8M | ||
| Q3 24 | $399.1M | $199.8M | ||
| Q2 24 | $300.6M | $427.0M |
| Q1 26 | 59.4% | 33.0% | ||
| Q4 25 | 59.2% | 31.0% | ||
| Q3 25 | 59.1% | 33.7% | ||
| Q2 25 | 58.8% | 34.3% | ||
| Q1 25 | 57.6% | 31.6% | ||
| Q4 24 | 59.3% | 32.0% | ||
| Q3 24 | 60.0% | 33.4% | ||
| Q2 24 | 57.3% | 34.6% |
| Q1 26 | 24.6% | — | ||
| Q4 25 | 28.9% | 10.4% | ||
| Q3 25 | 25.8% | -98.5% | ||
| Q2 25 | 26.0% | 15.6% | ||
| Q1 25 | 21.7% | 6.9% | ||
| Q4 24 | 28.3% | 12.0% | ||
| Q3 24 | 27.6% | 12.5% | ||
| Q2 24 | 22.7% | 15.6% |
| Q1 26 | 23.1% | 5.5% | ||
| Q4 25 | 24.9% | 7.6% | ||
| Q3 25 | 22.7% | -84.0% | ||
| Q2 25 | 22.1% | 11.5% | ||
| Q1 25 | 21.7% | 4.5% | ||
| Q4 24 | 23.9% | 8.9% | ||
| Q3 24 | 25.2% | 5.5% | ||
| Q2 24 | 20.0% | 11.1% |
| Q1 26 | $2.09 | $0.80 | ||
| Q4 25 | $2.72 | $1.32 | ||
| Q3 25 | $2.08 | $-14.79 | ||
| Q2 25 | $2.07 | $2.13 | ||
| Q1 25 | $1.72 | $0.59 | ||
| Q4 24 | $2.24 | $1.39 | ||
| Q3 24 | $2.07 | $0.96 | ||
| Q2 24 | $1.56 | $2.03 |
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 | $382.6M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | — | $10.3B |
| Total Assets | $11.0B | $22.4B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3B | $382.6M | ||
| Q4 25 | $2.3B | $896.5M | ||
| Q3 25 | $2.1B | $950.2M | ||
| Q2 25 | $2.1B | $613.8M | ||
| Q1 25 | $2.2B | $412.7M | ||
| Q4 24 | $2.1B | $969.3M | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $1.9B | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $7.0B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $9.0B | $10.2B | ||
| Q3 25 | $8.5B | $10.3B | ||
| Q2 25 | $8.1B | $13.4B | ||
| Q1 25 | $8.2B | $13.1B | ||
| Q4 24 | $7.8B | $13.1B | ||
| Q3 24 | $7.5B | $13.3B | ||
| Q2 24 | $7.0B | $13.2B |
| Q1 26 | $11.0B | $22.4B | ||
| Q4 25 | $11.0B | $22.7B | ||
| Q3 25 | $10.5B | $22.9B | ||
| Q2 25 | $10.3B | $26.8B | ||
| Q1 25 | $9.8B | $25.9B | ||
| Q4 24 | $9.6B | $26.1B | ||
| Q3 24 | $9.3B | $26.6B | ||
| Q2 24 | $8.9B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× |
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 | $-212.9M |
| FCF MarginFCF / Revenue | 26.8% | -7.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $536.0M | — | ||
| Q4 25 | $553.8M | $540.7M | ||
| Q3 25 | $485.6M | $616.1M | ||
| Q2 25 | $173.2M | $718.3M | ||
| Q1 25 | $420.8M | $-90.7M | ||
| Q4 24 | $483.9M | $494.5M | ||
| Q3 24 | $258.0M | $521.2M | ||
| Q2 24 | $255.3M | $869.2M |
| Q1 26 | $469.4M | $-212.9M | ||
| Q4 25 | $429.6M | $357.8M | ||
| Q3 25 | $425.1M | $483.0M | ||
| Q2 25 | $127.5M | $555.0M | ||
| Q1 25 | $380.7M | $-328.0M | ||
| Q4 24 | $399.2M | $383.4M | ||
| Q3 24 | $219.4M | $350.4M | ||
| Q2 24 | $218.2M | $691.7M |
| Q1 26 | 26.8% | -7.8% | ||
| Q4 25 | 20.2% | 11.4% | ||
| Q3 25 | 24.0% | 13.9% | ||
| Q2 25 | 7.0% | 14.8% | ||
| Q1 25 | 24.8% | -12.2% | ||
| Q4 24 | 21.9% | 11.8% | ||
| Q3 24 | 13.8% | 9.7% | ||
| Q2 24 | 14.5% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 5.9% | ||
| Q3 25 | 3.4% | 3.8% | ||
| Q2 25 | 2.5% | 4.4% | ||
| Q1 25 | 2.6% | 8.8% | ||
| Q4 24 | 4.6% | 3.4% | ||
| Q3 24 | 2.4% | 4.7% | ||
| Q2 24 | 2.5% | 4.6% |
| Q1 26 | 1.32× | — | ||
| Q4 25 | 1.05× | 2.27× | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 0.43× | 1.68× | ||
| Q1 25 | 1.26× | -0.75× | ||
| Q4 24 | 1.11× | 1.72× | ||
| Q3 24 | 0.65× | 2.61× | ||
| Q2 24 | 0.85× | 2.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
