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

Garmin's (GRMN) quarterly Return on Capital Employed came in at 20.58% in Q1 2026, up 1845.0% year-on-year from 1.06% in Q1 2025, and down 0.87% quarter-over-quarter from 20.76% in Q4 2025.

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

Garmin has disclosed Return on Capital Employed across 16 years of filings, most recently posting 20.58% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 20.58%, up 1845.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.58% (up 1845.0% YoY), and the FY2025 annual result was 21.84%, up 1994.0% from the prior year.
  • Return on Capital Employed came in at 20.58% for Q1 2026 at Garmin, down from 20.76% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 20.76% in Q4 2025 to a low of 1.81% in Q4 2024.
  • The 5-year median for Return on Capital Employed is 15.89% (2022), against an average of 13.88%.
  • Peak annual rise in Return on Capital Employed reached 1895 bps in 2025, while the deepest fall reached 1504 bps in 2025.
  • Garmin's Return on Capital Employed stood at 15.89% in 2022, then fell by 1 bps to 15.66% in 2023, then tumbled by 88 bps to 1.81% in 2024, then jumped by 1050 bps to 20.76% in 2025, then slipped by 1 bps to 20.58% in 2026.
  • The last three Return on Capital Employed figures came in at 20.58% (Q1 2026), 20.76% (Q4 2025), and 3.78% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Coherent 67.67 Bn 66.37 Bn 679.95 Mn -26.06%
2 Keysight Technologies 57.00 Bn 54.83 Bn 995.00 Mn 9.45%
3 Garmin 45.82 Bn 43.12 Bn 1.04 Bn 20.58%
4 Teledyne Technologies 28.64 Bn 28.34 Bn 673.80 Mn 8.78%
5 Mks 21.67 Bn 21.10 Bn 507.00 Mn 8.73%
6 Fortive 19.42 Bn 19.07 Bn 675.50 Mn 7.88%
7 Trimble 12.42 Bn 12.19 Bn 646.30 Mn 8.21%
8 Cognex 10.23 Bn 9.94 Bn 190.94 Mn 10.78%
9 Esco Technologies 7.86 Bn 7.77 Bn 131.32 Mn 8.76%
10 Sensata Technologies Holding 7.28 Bn 6.64 Bn 286.30 Mn 4.26%

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%