Gopro vs Garmin
Garmin is the larger business, with $7.25bn of revenue in fiscal 2025 against $652m for Gopro (11.1 times as much). Garmin grew faster (15.1% against -18.7%). Garmin kept more of each dollar of sales as profit: a net margin of 23.0% against -14.2%. Garmin carries less debt relative to equity (0.0% against 85.8%).
| Latest fiscal year | GoproGPRO, 2025 | GarminGRMN, 2025 |
|---|---|---|
| Revenue | $652m | $7.25bn |
| Revenue growth | -18.7% | 15.1% |
| Net income | −$92.6m | $1.66bn |
| Operating margin | -12.8% | 25.9% |
| Net margin | -14.2% | 23.0% |
| Return on equity | -80.9% | 19.8% |
| Free cash flow | −$24.0m | $1.36bn |
| Cash | $49.7m | $2.28bn |
| Total debt | $66.4m | $0 |
| Debt to equity | 85.8% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | 1.4% |
| Share buybacks | $0 | — |
| Employees | 636 | — |
| Market value | $167m | $52.25bn |
| Price vs our value range | — | Within our value range |
| Moat score | 46 (Moderate) | 92 (Strong) |
| Insider trades, 12 months | 0 buys, 6 sales | 0 buys, 44 sales |