Garmin (GRMN) Return on Capital Employed (2009 - 2026)
Garmin (GRMN) posted Return on Capital Employed of 23.26% for Q2 2026, up 13.06% sequentially from 20.58% in Q1 2026, and up 161.0% YoY from 8.91% in Q2 2025.
Garmin (GRMN) Return on Capital Employed (2009 - 2026) Analysis & Trends
Garmin has reported Return on Capital Employed for 16 years, with the latest figure at 23.26% in Q2 2026.
- Quarterly Return on Capital Employed rose 161.0% year-over-year to 23.26% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 23.26% (up 161.0% YoY) and the FY2025 annual result came in at 49.49%, up 16341.0% from the prior year.
- Return on Capital Employed grew to 23.26% in Q2 2026 per GRMN's latest filing, from 20.58% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 50.13% in Q4 2024 and troughed at 15.46% in Q3 2023.
- A 5-year average of 27.74% and a median of 21.2% in 2025 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2024 and 2025: Return on Capital Employed surged 1065 bps in 2024, then tumbled 2937 bps in 2025.
- Over 5 years, Return on Capital Employed stood at 39.38% in 2022, then gained by 0 bps to 39.48% in 2023, then rose by 27 bps to 50.13% in 2024, then sank by 59 bps to 20.76% in 2025, then grew by 12 bps to 23.26% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 23.26%, 20.58%, and 20.76% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.83 Bn | 54.16 Bn | 1.26 Bn | 23.26% |
| 2 | Keysight Technologies | 53.48 Bn | 51.07 Bn | 1.18 Bn | 12.34% |
| 3 | Coherent | 50.56 Bn | 48.57 Bn | 787.08 Mn | -24.11% |
| 4 | Teledyne Technologies | 29.27 Bn | 28.93 Bn | 738.10 Mn | 8.91% |
| 5 | Mks | 18.87 Bn | 18.26 Bn | 595.00 Mn | 10.62% |
| 6 | Fortive | 18.27 Bn | 17.89 Bn | 695.30 Mn | 7.63% |
| 7 | Trimble | 14.08 Bn | 13.87 Bn | 674.90 Mn | 8.74% |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 12.71% |
| 9 | Esco Technologies | 7.41 Bn | 7.34 Bn | 141.52 Mn | 10.91% |
| 10 | Sensata Technologies Holding | 6.22 Bn | 5.82 Bn | 301.80 Mn | 4.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 23.26% |
| Mar 28, 2026 | 20.58% |
| Dec 27, 2025 | 20.76% |
| Sep 27, 2025 | 20.50% |
| Jun 28, 2025 | 21.65% |
| Mar 29, 2025 | 45.51% |
| Dec 28, 2024 | 50.13% |
| Sep 28, 2024 | 18.82% |
| Jun 29, 2024 | 17.54% |
| Mar 30, 2024 | 36.23% |
| Dec 30, 2023 | 39.48% |
| Sep 30, 2023 | 15.46% |
| Jul 1, 2023 | 15.56% |
| Apr 1, 2023 | 34.80% |
| Dec 31, 2022 | 39.38% |
| Sep 24, 2022 | 17.14% |
| Jun 25, 2022 | 18.24% |
| Mar 26, 2022 | 44.20% |
| Dec 25, 2021 | 51.90% |
| Sep 25, 2021 | 20.85% |