Garmin (GRMN) Return on Capital Employed (2009 - 2026)

Garmin (GRMN) posted Return on Capital Employed of 20.58% for Q1 2026, down 0.87% sequentially from 20.76% in Q4 2025, and up 1845.0% YoY from 1.06% in Q1 2025.

Garmin (GRMN) Return on Capital Employed (2009 - 2026) Analysis & Trends

Garmin (GRMN) has 16 years of Return on Capital Employed data on file, last reported at 20.58% in Q1 2026.

  • Quarterly Return on Capital Employed rose 1845.0% year-over-year to 20.58% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 20.58% (up 1845.0% YoY) and the FY2025 annual result came in at 21.84%, up 1994.0% from the prior year.
  • Return on Capital Employed fell to 20.58% in Q1 2026 per GRMN's latest filing, from 20.76% in the prior quarter.
  • The five-year high for Return on Capital Employed was 20.76% in Q4 2025, with the low at 1.81% in Q4 2024.
  • Average Return on Capital Employed over 5 years is 13.88%, with a median of 15.89% recorded in 2022.
  • The widest YoY moves for Return on Capital Employed: up 1895 bps in 2025, down 1504 bps in 2025.
  • Garmin's Return on Capital Employed stood at 15.89% in 2022, then slipped by 1 bps to 15.66% in 2023, then plunged by 88 bps to 1.81% in 2024, then jumped by 1050 bps to 20.76% in 2025, then fell by 1 bps to 20.58% in 2026.
  • Business Quant data shows GRMN's Return on Capital Employed at 20.58% in Q1 2026, 20.76% in Q4 2025, and 3.78% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Coherent 3,591.32 Bn 3,590.02 Bn 679.95 Mn -26.06%
2 Novanta 69.39 Bn 69.00 Bn 113.58 Mn 5.63%
3 Keysight Technologies 57.75 Bn 55.57 Bn 995.00 Mn 9.45%
4 Teledyne Technologies 30.63 Bn 30.33 Bn 673.80 Mn 8.78%
5 Fortive 19.14 Bn 18.79 Bn 675.50 Mn 7.88%
6 Trimble 12.33 Bn 12.10 Bn 646.30 Mn 8.21%
7 Cognex 11.87 Bn 11.58 Bn 190.94 Mn 10.78%
8 Sensata Technologies Holding 6.78 Bn 6.14 Bn 286.30 Mn 4.26%
9 Garmin 4.63 Bn 1.93 Bn 1.04 Bn 20.58%
10 Badger Meter 4.28 Bn 4.07 Bn 84.33 Mn 3.16%

Historic Data

Download Data
DateValue
Mar 28, 2026 20.58%
Dec 27, 2025 20.76%
Sep 27, 2025 3.78%
Jun 28, 2025 3.80%
Mar 29, 2025 2.13%
Dec 28, 2024 1.81%
Sep 28, 2024 18.82%
Jun 29, 2024 17.54%
Mar 30, 2024 15.91%
Dec 30, 2023 15.66%
Sep 30, 2023 15.46%
Jul 1, 2023 15.56%
Apr 1, 2023 14.82%
Dec 31, 2022 15.89%
Sep 24, 2022 17.14%
Jun 25, 2022 18.24%
Mar 26, 2022 18.07%
Dec 25, 2021 19.45%
Sep 25, 2021 20.85%
Jun 26, 2021 22.80%