Quick verdict: CLS vs GRMN in 2026

Overall, Garmin (GRMN) appears to hold a stronger overall edge, outperforming Celestica (CLS) in a majority of key financial metrics. While CLS shows superior revenue growth, GRMN stands out as the clear leader in valuation, profitability, and debt management, with a slight edge in analyst target upside. CLS is favored by analysts, but GRMN shows better fundamental strength. This is not investment advice.

CLS vs GRMN: key metrics side by side

Full side-by-side comparison of CLS and GRMN across valuation, profitability, growth and analyst sentiment. Data updated 2026-05-04.

CLS vs GRMN valuation comparison

When evaluating CLS vs GRMN valuation, Garmin (GRMN) presents a significantly more attractive profile based on traditional metrics. Celestica (CLS) trades at a P/E ratio of 50.19x, which is nearly double Garmin’s P/E of 26.54x. This suggests that the market is assigning a much higher premium to CLS’s earnings, potentially reflecting its higher recent growth but also indicating it is considerably more expensive relative to its current profits. Similarly, CLS’s price-to-book (P/B) ratio of 23.52x dwarfs GRMN’s 4.97x, indicating that investors are paying a substantially higher multiple for CLS’s assets.

Further reinforcing GRMN’s valuation advantage is the Discounted Cash Flow (DCF) analysis. CLS carries a troubling DCF upside of -108.3%, suggesting it is severely overvalued according to this intrinsic valuation model. In contrast, GRMN’s DCF upside is -30.9%, which, while still indicating overvaluation, is a much less drastic figure, pointing to a comparatively “cheaper” stock from a cash flow perspective. This analysis clearly positions GRMN as the more undervalued option in the cls vs grmn fundamentals and valuation comparison, making it potentially more appealing for value-oriented investors in 2026.

CLS vs GRMN growth comparison

In a direct CLS vs GRMN growth comparison, Celestica (CLS) demonstrates a stronger top-line expansion. CLS reported impressive year-over-year revenue growth of +30.7%, outpacing Garmin (GRMN)’s +15.1% revenue growth. With annual revenue of $12.61 billion, CLS is also a larger company by sales volume compared to GRMN’s $7.25 billion. This indicates that Celestica has significantly stronger momentum in increasing its market share and scaling its operations, which could be attractive to growth-focused investors looking at cls vs grmn stock comparison 2026.

However, it’s crucial to consider the quality of this growth. While CLS leads in revenue growth, GRMN boasts vastly superior profitability margins, which can affect the sustainability and long-term value of growth. GRMN’s net margin stands at an impressive 23.26%, compared to CLS’s 6.95%. Similarly, GRMN’s EBITDA margin of 30.28% dwarfs CLS’s 9.56%. This suggests that while CLS is growing revenue faster, GRMN is far more efficient at converting its sales into profit, a key aspect of healthy, sustainable growth. For investors focused on robust growth accompanied by strong financial health, GRMN’s profitable growth could be seen as more appealing despite CLS’s higher revenue growth rate.

CLS vs GRMN profitability

When analyzing CLS vs GRMN profitability, Garmin (GRMN) clearly emerges as the more efficient and financially robust company. GRMN boasts a net margin of 23.26%, significantly higher than Celestica (CLS)’s 6.95%. This demonstrates Garmin’s superior ability to convert its revenue into actual profit for shareholders, indicating better cost control, stronger pricing power, or a more favorable business model. This disparity in net margins is also reflected in the EBITDA margin, where GRMN’s 30.28% dramatically surpasses CLS’s 9.56%, underscoring GRMN’s operational efficiency.

Furthermore, GRMN generates substantially more free cash flow relative to its market capitalization. Garmin’s Free Cash Flow (FCF) yield is 3.15%, nearly triple that of Celestica’s 1.02%. A higher FCF yield suggests that GRMN is better at generating cash that can be used for reinvestment, debt reduction, or shareholder returns. While Return on Equity (ROE) data is not available for either company, the comprehensive profitability metrics overwhelmingly point to Garmin as the significantly more profitable entity, which is a critical factor when considering cls vs grmn fundamentals and valuation for 2026.

Analyst ratings: CLS vs GRMN

The analyst community presents a mixed but distinct preference in the CLS vs GRMN stock comparison 2026. Celestica (CLS) enjoys a much stronger consensus among analysts, with 63.0% of the 27 analysts covering the stock rating it as a “Buy.” The consensus rating for CLS is “Buy,” with an average target price of $459, indicating a potential upside of +9.5% from its current price of $419.22. This suggests a general optimism regarding CLS’s future performance and growth prospects.

In contrast, Garmin (GRMN) has a less enthusiastic outlook from analysts. Out of 28 analysts, only 21.5% have a “Buy” rating, leading to a “Hold” consensus for the stock. However, despite the lower percentage of “Buy” ratings, GRMN’s average target price of $269 implies a slightly higher potential upside of +12.5% from its current price of $239.18. This indicates that while fewer analysts are bullish on GRMN, those who are see greater upside potential. For investors considering should i buy cls or grmn stock 2026 based on expert opinions, CLS appears to be the broader favorite for its consistent “Buy” recommendation, even if GRMN offers a marginally higher implied price target.

Should I buy CLS or GRMN stock in 2026?

Deciding whether should I buy CLS or GRMN stock in 2026 depends heavily on an investor’s individual strategy and risk tolerance. For growth-oriented investors, Celestica (CLS) might be the more appealing option. Its impressive revenue growth rate of 30.7% year-over-year significantly outpaces GRMN’s 15.1%. CLS also boasts a strong “Buy” consensus from analysts, with 63.0% recommending it, indicating belief in its future expansion despite its higher valuation multiples.

However, for value investors and those prioritizing strong fundamentals and financial stability, Garmin (GRMN) presents a compelling case. Garmin trades at a much more attractive P/E ratio of 26.54x compared to CLS’s 50.19x, and a P/B ratio of 4.97x versus 23.52x. Furthermore, GRMN exhibits vastly superior profitability with a net margin of 23.26% (vs CLS’s 6.95%) and a healthier FCF yield of 3.15% (vs CLS’s 1.02%), along with negligible debt. These cls vs grmn fundamentals and valuation metrics suggest GRMN offers better quality earnings at a more reasonable price.

For income-focused investors, neither stock offers a substantial dividend yield. CLS currently offers a 0% dividend yield, while GRMN provides a very modest 0.02%. Therefore, neither company is particularly suited for a dividend income strategy. Overall, while CLS shows strong growth, GRMN appears to be the more financially robust and fairly valued company, offering a better balance of profitability and conservative financial management. This is not investment advice; always conduct thorough personal research.

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FAQ: CLS vs GRMN