Comprehensive EBITDA Comparison: SAP SE vs Garmin Ltd.

A Decade of EBITDA: SAP SE vs. Garmin Ltd.

In the ever-evolving landscape of global business, understanding the financial health of industry giants is crucial. Over the past decade, SAP SE and Garmin Ltd. have showcased distinct trajectories in their EBITDA performance. From 2014 to 2023, SAP SE consistently outperformed Garmin Ltd., with EBITDA figures peaking at approximately €8.3 billion in 2020, a 43% increase from 2014. Meanwhile, Garmin Ltd. demonstrated a steady growth, achieving a 65% rise in EBITDA, reaching around €1.3 billion by 2023. This comparison highlights SAP SE's dominance in the software sector, while Garmin Ltd.'s resilience in the consumer electronics market is commendable. The data underscores the importance of strategic innovation and market adaptation in maintaining financial robustness. As we look to the future, these trends offer valuable insights into the competitive dynamics of these two industry leaders.