Garmin (GRMN) Return on Equity [ROE] (2009 - 2026)
Garmin's Return on Equity [ROE] came in at 21.72% for Q3 2026, up 2.79 percentage points from 18.92% a year earlier and up 1.20 percentage points from the prior quarter.
Powered by 
Analysis
Garmin (GRMN) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Garmin's Return on Equity [ROE] was 19.78%, up 0.79 percentage points from FY2024.
- Return on Equity [ROE] carries a five-year change of +0.53 percentage points (FY2020 to FY2025).
- Going back by year, Return on Equity [ROE] was 18.99% in FY2024 (-0.52 pp), 19.51% in FY2023 (+3.71 pp), 15.81% in FY2022 (-2.80 pp) and 18.61% in FY2021 (-0.64 pp).
- The Q3 2026 figure represents the highest quarterly Return on Equity [ROE] since Q3 2010.
- Year-over-year, Return on Equity [ROE] has increased for 13 consecutive quarters, with an average year-over-year change of +1.43 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Equity [ROE] over five years came in Q3 2026 (a gain of 2.79 percentage points), and the weakest in Q2 2022 (a drop of 4.20 percentage points).
- Business Quant data shows GRMN's Return on Equity [ROE] at 20.52% (Q2 2026), 19.03% (Q1 2026) and 19.07% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,064.64 Bn | 4,810.10 Bn | 54.82 Bn | 120.37% |
| 2 | Cisco Systems | 387.30 Bn | 323.23 Bn | 11.06 Bn | 26.76% |
| 3 | Arista Networks | 233.88 Bn | 183.08 Bn | 2.33 Bn | 30.42% |
| 4 | Dell Technologies | 213.96 Bn | 169.72 Bn | 9.83 Bn | - |
| 5 | Sony | 164.26 Bn | 101.68 Bn | 7.96 Bn | -8.34% |
| 6 | Sandisk | 123.84 Bn | 108.67 Bn | 9.38 Bn | 114.69% |
| 7 | Seagate Technology Holdings | 115.23 Bn | 110.07 Bn | 2.43 Bn | 156.30% |
| 8 | Western Digital | 108.25 Bn | 98.08 Bn | 2.53 Bn | 110.05% |
| 9 | Hewlett Packard Enterprise | 63.71 Bn | 41.65 Bn | 4.93 Bn | 10.75% |
| 10 | Garmin | 55.63 Bn | 45.19 Bn | 1.26 Bn | 21.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 21.72% |
| Jun 27, 2026 | 20.52% |
| Mar 28, 2026 | 19.03% |
| Dec 27, 2025 | 19.07% |
| Sep 27, 2025 | 18.92% |
| Jun 28, 2025 | 19.24% |
| Mar 29, 2025 | 18.32% |
| Dec 28, 2024 | 18.38% |
| Sep 28, 2024 | 18.56% |
| Jun 29, 2024 | 16.91% |
| Mar 30, 2024 | 16.72% |
| Dec 30, 2023 | 16.74% |
| Sep 30, 2023 | 16.69% |
| Jul 1, 2023 | 15.87% |
| Apr 1, 2023 | 15.30% |
| Dec 31, 2022 | 16.12% |
| Sep 24, 2022 | 16.46% |
| Jun 25, 2022 | 16.75% |
| Mar 26, 2022 | 17.37% |
| Dec 25, 2021 | 18.08% |
API Access
Garmin Return on Equity [ROE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();