Who Generates Higher Gross Profit? SAP SE or Garmin Ltd.

SAP SE vs. Garmin Ltd.: A Decade of Gross Profit Comparison

In the ever-evolving landscape of global business, understanding which companies lead in profitability is crucial. Over the past decade, from 2014 to 2023, SAP SE has consistently outperformed Garmin Ltd. in terms of gross profit. SAP SE's gross profit has grown by approximately 84%, reaching a peak of €22.6 billion in 2023. In contrast, Garmin Ltd. has seen a 87% increase, culminating in a gross profit of €3 billion in the same year.

Key Insights

• SAP SE's Dominance: Throughout the years, SAP SE has maintained a significant lead, with its gross profit consistently being over six times that of Garmin Ltd.
• Growth Trajectory: Both companies have shown impressive growth, but SAP SE's larger scale and market reach have allowed it to capture a more substantial share of the market.

This analysis highlights the importance of strategic positioning and market expansion in achieving financial success.