vs
Side-by-side financial comparison of Garmin (GRMN) and Take-Two Interactive (TTWO). Click either name above to swap in a different company.
Garmin is the larger business by last-quarter revenue ($2.1B vs $1.7B, roughly 1.3× Take-Two Interactive). Garmin runs the higher net margin — 24.9% vs -5.5%, a 30.3% gap on every dollar of revenue. On growth, Take-Two Interactive posted the faster year-over-year revenue change (24.9% vs 16.6%). Garmin produced more free cash flow last quarter ($429.6M vs $236.2M). Over the past eight quarters, Garmin's revenue compounded faster (24.0% CAGR vs 10.2%).
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.
Take-Two Interactive Software, Inc. is an American video game holding company based in New York City founded by Ryan Brant in September 1993.
GRMN vs TTWO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.7B |
| Net Profit | $528.7M | $-92.9M |
| Gross Margin | 59.2% | 55.7% |
| Operating Margin | 28.9% | -2.3% |
| Net Margin | 24.9% | -5.5% |
| Revenue YoY | 16.6% | 24.9% |
| Net Profit YoY | 21.3% | 25.8% |
| EPS (diluted) | $2.72 | $-0.50 |
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.
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.4B | $1.4B |
| Q4 25 | $528.7M | $-92.9M | ||
| Q3 25 | $401.6M | $-133.9M | ||
| Q2 25 | $400.8M | $-11.9M | ||
| Q1 25 | $332.8M | $-3.7B | ||
| Q4 24 | $435.7M | $-125.2M | ||
| Q3 24 | $399.1M | $-365.5M | ||
| Q2 24 | $300.6M | $-262.0M | ||
| Q1 24 | $276.0M | $-2.9B |
| Q4 25 | 59.2% | 55.7% | ||
| Q3 25 | 59.1% | 55.3% | ||
| Q2 25 | 58.8% | 62.8% | ||
| Q1 25 | 57.6% | 50.8% | ||
| Q4 24 | 59.3% | 55.9% | ||
| Q3 24 | 60.0% | 53.8% | ||
| Q2 24 | 57.3% | 57.6% | ||
| Q1 24 | 58.1% | 33.5% |
| Q4 25 | 28.9% | -2.3% | ||
| Q3 25 | 25.8% | -5.5% | ||
| Q2 25 | 26.0% | 1.4% | ||
| Q1 25 | 21.7% | -238.7% | ||
| Q4 24 | 28.3% | -9.7% | ||
| Q3 24 | 27.6% | -22.0% | ||
| Q2 24 | 22.7% | -13.8% | ||
| Q1 24 | 21.6% | -193.9% |
| Q4 25 | 24.9% | -5.5% | ||
| Q3 25 | 22.7% | -7.5% | ||
| Q2 25 | 22.1% | -0.8% | ||
| Q1 25 | 21.7% | -235.5% | ||
| Q4 24 | 23.9% | -9.2% | ||
| Q3 24 | 25.2% | -27.0% | ||
| Q2 24 | 20.0% | -19.6% | ||
| Q1 24 | 20.0% | -207.4% |
| Q4 25 | $2.72 | $-0.50 | ||
| Q3 25 | $2.08 | $-0.73 | ||
| Q2 25 | $2.07 | $-0.07 | ||
| Q1 25 | $1.72 | $-21.27 | ||
| Q4 24 | $2.24 | $-0.71 | ||
| Q3 24 | $2.07 | $-2.08 | ||
| Q2 24 | $1.56 | $-1.52 | ||
| Q1 24 | $1.43 | $-17.05 |
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 | $2.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.0B | $3.5B |
| Total Assets | $11.0B | $10.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $2.4B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $2.2B | $1.5B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.0B | $879.6M | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $1.9B | $776.0M |
| Q4 25 | $9.0B | $3.5B | ||
| Q3 25 | $8.5B | $3.4B | ||
| Q2 25 | $8.1B | $3.5B | ||
| Q1 25 | $8.2B | $2.1B | ||
| Q4 24 | $7.8B | $5.7B | ||
| Q3 24 | $7.5B | $5.8B | ||
| Q2 24 | $7.0B | $6.0B | ||
| Q1 24 | $7.2B | $5.7B |
| Q4 25 | $11.0B | $10.0B | ||
| Q3 25 | $10.5B | $10.1B | ||
| Q2 25 | $10.3B | $9.7B | ||
| Q1 25 | $9.8B | $9.2B | ||
| Q4 24 | $9.6B | $12.7B | ||
| Q3 24 | $9.3B | $13.1B | ||
| Q2 24 | $8.9B | $12.9B | ||
| Q1 24 | $8.6B | $12.2B |
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 | $305.2M |
| Free Cash FlowOCF − Capex | $429.6M | $236.2M |
| FCF MarginFCF / Revenue | 20.2% | 13.9% |
| Capex IntensityCapex / Revenue | 5.8% | 4.1% |
| Cash ConversionOCF / Net Profit | 1.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $487.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $553.8M | $305.2M | ||
| Q3 25 | $485.6M | $128.4M | ||
| Q2 25 | $173.2M | $-44.7M | ||
| Q1 25 | $420.8M | $279.0M | ||
| Q4 24 | $483.9M | $-4.8M | ||
| Q3 24 | $258.0M | $-128.4M | ||
| Q2 24 | $255.3M | $-191.0M | ||
| Q1 24 | $435.3M | $-8.9M |
| Q4 25 | $429.6M | $236.2M | ||
| Q3 25 | $425.1M | $96.5M | ||
| Q2 25 | $127.5M | $-69.8M | ||
| Q1 25 | $380.7M | $224.9M | ||
| Q4 24 | $399.2M | $-48.2M | ||
| Q3 24 | $219.4M | $-165.2M | ||
| Q2 24 | $218.2M | $-226.1M | ||
| Q1 24 | $402.1M | $-55.1M |
| Q4 25 | 20.2% | 13.9% | ||
| Q3 25 | 24.0% | 5.4% | ||
| Q2 25 | 7.0% | -4.6% | ||
| Q1 25 | 24.8% | 14.2% | ||
| Q4 24 | 21.9% | -3.5% | ||
| Q3 24 | 13.8% | -12.2% | ||
| Q2 24 | 14.5% | -16.9% | ||
| Q1 24 | 29.1% | -3.9% |
| Q4 25 | 5.8% | 4.1% | ||
| Q3 25 | 3.4% | 1.8% | ||
| Q2 25 | 2.5% | 1.7% | ||
| Q1 25 | 2.6% | 3.4% | ||
| Q4 24 | 4.6% | 3.2% | ||
| Q3 24 | 2.4% | 2.7% | ||
| Q2 24 | 2.5% | 2.6% | ||
| Q1 24 | 2.4% | 3.3% |
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | 1.58× | — |
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% |
TTWO
Segment breakdown not available.
