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Side-by-side financial comparison of Garmin (GRMN) and Yum! Brands (YUM). Click either name above to swap in a different company.

Yum! Brands is the larger business by last-quarter revenue ($2.5B vs $2.1B, roughly 1.2× Garmin). Garmin runs the higher net margin — 24.9% vs 21.3%, a 3.6% gap on every dollar of revenue. On growth, Garmin posted the faster year-over-year revenue change (16.6% vs 6.5%). Yum! Brands produced more free cash flow last quarter ($482.0M vs $429.6M). Over the past eight quarters, Yum! Brands's revenue compounded faster (25.5% CAGR vs 24.0%).

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.

Yum! Brands, Inc. is an American multinational fast food corporation. It was formed in 1977 as a subsidiary of PepsiCo, after the company acquired KFC, Pizza Hut, and Taco Bell. PepsiCo divested the brands in 1997, and these consolidated as Yum!. The company operates KFC, Pizza Hut, Taco Bell, Habit Burger & Grill, and several technology companies.

GRMN vs YUM — Head-to-Head

Bigger by revenue
YUM
YUM
1.2× larger
YUM
$2.5B
$2.1B
GRMN
Growing faster (revenue YoY)
GRMN
GRMN
+10.1% gap
GRMN
16.6%
6.5%
YUM
Higher net margin
GRMN
GRMN
3.6% more per $
GRMN
24.9%
21.3%
YUM
More free cash flow
YUM
YUM
$52.4M more FCF
YUM
$482.0M
$429.6M
GRMN
Faster 2-yr revenue CAGR
YUM
YUM
Annualised
YUM
25.5%
24.0%
GRMN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GRMN
GRMN
YUM
YUM
Revenue
$2.1B
$2.5B
Net Profit
$528.7M
$535.0M
Gross Margin
59.2%
67.6%
Operating Margin
28.9%
29.3%
Net Margin
24.9%
21.3%
Revenue YoY
16.6%
6.5%
Net Profit YoY
21.3%
26.5%
EPS (diluted)
$2.72
$1.91

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.

Revenue
GRMN
GRMN
YUM
YUM
Q4 25
$2.1B
$2.5B
Q3 25
$1.8B
$2.0B
Q2 25
$1.8B
$1.9B
Q1 25
$1.5B
$1.8B
Q4 24
$1.8B
$2.4B
Q3 24
$1.6B
$1.8B
Q2 24
$1.5B
$1.8B
Q1 24
$1.4B
$1.6B
Net Profit
GRMN
GRMN
YUM
YUM
Q4 25
$528.7M
$535.0M
Q3 25
$401.6M
$397.0M
Q2 25
$400.8M
$374.0M
Q1 25
$332.8M
$253.0M
Q4 24
$435.7M
$423.0M
Q3 24
$399.1M
$382.0M
Q2 24
$300.6M
$367.0M
Q1 24
$276.0M
$314.0M
Gross Margin
GRMN
GRMN
YUM
YUM
Q4 25
59.2%
67.6%
Q3 25
59.1%
70.3%
Q2 25
58.8%
71.0%
Q1 25
57.6%
70.9%
Q4 24
59.3%
69.2%
Q3 24
60.0%
71.4%
Q2 24
57.3%
73.3%
Q1 24
58.1%
75.0%
Operating Margin
GRMN
GRMN
YUM
YUM
Q4 25
28.9%
29.3%
Q3 25
25.8%
33.7%
Q2 25
26.0%
32.2%
Q1 25
21.7%
30.7%
Q4 24
28.3%
27.8%
Q3 24
27.6%
33.9%
Q2 24
22.7%
34.4%
Q1 24
21.6%
32.5%
Net Margin
GRMN
GRMN
YUM
YUM
Q4 25
24.9%
21.3%
Q3 25
22.7%
20.1%
Q2 25
22.1%
19.3%
Q1 25
21.7%
14.2%
Q4 24
23.9%
17.9%
Q3 24
25.2%
20.9%
Q2 24
20.0%
20.8%
Q1 24
20.0%
19.6%
EPS (diluted)
GRMN
GRMN
YUM
YUM
Q4 25
$2.72
$1.91
Q3 25
$2.08
$1.41
Q2 25
$2.07
$1.33
Q1 25
$1.72
$0.90
Q4 24
$2.24
$1.49
Q3 24
$2.07
$1.35
Q2 24
$1.56
$1.28
Q1 24
$1.43
$1.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GRMN
GRMN
YUM
YUM
Cash + ST InvestmentsLiquidity on hand
$2.3B
$709.0M
Total DebtLower is stronger
$11.9B
Stockholders' EquityBook value
$9.0B
$-7.3B
Total Assets
$11.0B
$8.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRMN
GRMN
YUM
YUM
Q4 25
$2.3B
$709.0M
Q3 25
$2.1B
$1.0B
Q2 25
$2.1B
$677.0M
Q1 25
$2.2B
$607.0M
Q4 24
$2.1B
$707.0M
Q3 24
$2.0B
$548.0M
Q2 24
$1.9B
$520.0M
Q1 24
$1.9B
$652.0M
Total Debt
GRMN
GRMN
YUM
YUM
Q4 25
$11.9B
Q3 25
$11.5B
Q2 25
$10.4B
Q1 25
$11.3B
Q4 24
$11.3B
Q3 24
$11.2B
Q2 24
$11.1B
Q1 24
$11.1B
Stockholders' Equity
GRMN
GRMN
YUM
YUM
Q4 25
$9.0B
$-7.3B
Q3 25
$8.5B
$-7.5B
Q2 25
$8.1B
$-7.7B
Q1 25
$8.2B
$-7.8B
Q4 24
$7.8B
$-7.6B
Q3 24
$7.5B
$-7.7B
Q2 24
$7.0B
$-7.6B
Q1 24
$7.2B
$-7.8B
Total Assets
GRMN
GRMN
YUM
YUM
Q4 25
$11.0B
$8.2B
Q3 25
$10.5B
$7.2B
Q2 25
$10.3B
$6.9B
Q1 25
$9.8B
$6.7B
Q4 24
$9.6B
$6.7B
Q3 24
$9.3B
$6.5B
Q2 24
$8.9B
$6.4B
Q1 24
$8.6B
$6.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GRMN
GRMN
YUM
YUM
Operating Cash FlowLast quarter
$553.8M
$617.0M
Free Cash FlowOCF − Capex
$429.6M
$482.0M
FCF MarginFCF / Revenue
20.2%
19.2%
Capex IntensityCapex / Revenue
5.8%
5.4%
Cash ConversionOCF / Net Profit
1.05×
1.15×
TTM Free Cash FlowTrailing 4 quarters
$1.4B
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRMN
GRMN
YUM
YUM
Q4 25
$553.8M
$617.0M
Q3 25
$485.6M
$543.0M
Q2 25
$173.2M
$446.0M
Q1 25
$420.8M
$404.0M
Q4 24
$483.9M
$513.0M
Q3 24
$258.0M
$471.0M
Q2 24
$255.3M
$342.0M
Q1 24
$435.3M
$363.0M
Free Cash Flow
GRMN
GRMN
YUM
YUM
Q4 25
$429.6M
$482.0M
Q3 25
$425.1M
$449.0M
Q2 25
$127.5M
$375.0M
Q1 25
$380.7M
$333.0M
Q4 24
$399.2M
$407.0M
Q3 24
$219.4M
$419.0M
Q2 24
$218.2M
$292.0M
Q1 24
$402.1M
$314.0M
FCF Margin
GRMN
GRMN
YUM
YUM
Q4 25
20.2%
19.2%
Q3 25
24.0%
22.7%
Q2 25
7.0%
19.4%
Q1 25
24.8%
18.6%
Q4 24
21.9%
17.2%
Q3 24
13.8%
22.9%
Q2 24
14.5%
16.6%
Q1 24
29.1%
19.6%
Capex Intensity
GRMN
GRMN
YUM
YUM
Q4 25
5.8%
5.4%
Q3 25
3.4%
4.7%
Q2 25
2.5%
3.7%
Q1 25
2.6%
4.0%
Q4 24
4.6%
4.5%
Q3 24
2.4%
2.8%
Q2 24
2.5%
2.8%
Q1 24
2.4%
3.1%
Cash Conversion
GRMN
GRMN
YUM
YUM
Q4 25
1.05×
1.15×
Q3 25
1.21×
1.37×
Q2 25
0.43×
1.19×
Q1 25
1.26×
1.60×
Q4 24
1.11×
1.21×
Q3 24
0.65×
1.23×
Q2 24
0.85×
0.93×
Q1 24
1.58×
1.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GRMN
GRMN

Fitness Segment$765.8M36%
Outdoor Segment$627.6M30%
Marine Segment$296.9M14%
Aviation Segment$274.2M13%
Auto Oem Segment$160.4M8%

YUM
YUM

Other$1.5B59%
Advertising$547.0M22%
Pizza Hut Global Division$303.0M12%
The Habit Burger Grill Global Division$174.0M7%
Real Estate$4.0M0%

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