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| 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% |