Garmin’s third-quarter revenue rose 12% and non-GAAP earnings per share increased 39%. Demand for wearables remained strong. Management raised its full-year outlook.
Garmin’s brand prowess in advanced wearables, because of its superior topographical charting and superior health tracking, is helping woo performance-focused consumers seeking alternatives to mainstream watches.
Garmin’s market share in casual and lifestyle wearables is being increasingly encroached by tech giants like Apple, Samsung, and Google, who are increasingly investing in their fitness offerings.
Metric | GRMN | AAPL | 005930 |
|---|---|---|---|
Price/Earnings (Normalized) | 26.39 | 39.65 | 9.17 |
Price/Book Value | 5.93 | 46.11 | 2.47 |
Price/Sales | 7.22 | 10.93 | 2.50 |
Price/Cash Flow | 22.96 | 32.73 | 4.94 |
Metric | GRMN | AAPL | 005930 |
|---|---|---|---|
Quick Ratio | 1.63 | 0.83 | 2.20 |
Current Ratio | 3.05 | 1.02 | 2.83 |
Interest Coverage | — | — | 242.73 |
Metric | GRMN | AAPL | 005930 |
|---|---|---|---|
Return on Assets (Normalized) | 19.31% | 37.85% | 24.86% |
Return on Equity (Normalized) | 23.82% | 147.14% | 33.47% |
Return on Invested Capital (Normalized) | 22.08% | 77.52% | 30.09% |
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