Garmin vs Universal Electronics
Garmin is the larger business, with $7.25bn of revenue in fiscal 2025 against $368m for Universal Electronics (19.7 times as much). Garmin grew faster (15.1% against -6.7%). Garmin kept more of each dollar of sales as profit: a net margin of 23.0% against -5.1%. Garmin carries less debt relative to equity (0.0% against 16.5%).
| Latest fiscal year | GarminGRMN, 2025 | Universal ElectronicsUEIC, 2025 |
|---|---|---|
| Revenue | $7.25bn | $368m |
| Revenue growth | 15.1% | -6.7% |
| Net income | $1.66bn | −$18.6m |
| Operating margin | 25.9% | -1.7% |
| Net margin | 23.0% | -5.1% |
| Return on equity | 19.8% | -12.4% |
| Free cash flow | $1.36bn | $19.8m |
| Cash | $2.28bn | $32.3m |
| Total debt | $0 | $24.1m |
| Debt to equity | 0.0% | 16.5% |
| Dividend per share | — | — |
| Dividend yield | 1.4% | — |
| Share buybacks | — | $3.1m |
| Employees | — | 3,099 |
| Market value | $52.25bn | $70.7m |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 92 (Strong) | 56 (Moderate) |
| Insider trades, 12 months | 0 buys, 44 sales | 0 buys, 10 sales |