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| Date | Value |
|---|---|
| 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% |