Garmin vs Sonos
Garmin is the larger business, with $7.25bn of revenue in fiscal 2025 against $1.44bn for Sonos (5.0 times as much). Garmin grew faster (15.1% against -4.9%). Garmin kept more of each dollar of sales as profit: a net margin of 23.0% against -4.2%. Garmin carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | GarminGRMN, 2025 | SonosSONO, 2025 |
|---|---|---|
| Revenue | $7.25bn | $1.44bn |
| Revenue growth | 15.1% | -4.9% |
| Net income | $1.66bn | −$61.1m |
| Operating margin | 25.9% | -3.5% |
| Net margin | 23.0% | -4.2% |
| Return on equity | 19.8% | -15.6% |
| Free cash flow | $1.36bn | $108m |
| Cash | $2.28bn | $175m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 1.4% | — |
| Share buybacks | — | $81.0m |
| Employees | — | 1,404 |
| Market value | $52.25bn | $1.92bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 92 (Strong) | 66 (Moderate) |
| Insider trades, 12 months | 0 buys, 44 sales | 17 buys, 6 sales |