Garmin
Garmin returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Reported borrowing balances are unavailable in the extracted statements for this period.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 27, 2026 | — | 23.89% | — | 21.89% | 17.26% | — |
| FY 2026 Q1 | Mar 28, 2026 | — | 21.9% | — | 19.9% | 16.74% | — |
| FY 2025 Q4 | Dec 27, 2025 | — | 21.57% | — | 19.78% | 16.14% | — |
| FY 2025 Q3 | Sep 27, 2025 | — | 21.5% | — | 19.66% | 15.81% | — |
| FY 2025 Q2 | Jun 28, 2025 | — | 22.47% | — | 20.73% | 16.33% | — |
| FY 2025 Q1 | Mar 29, 2025 | — | 20.39% | — | 19.04% | 15.94% | — |
| FY 2024 Q4 | Dec 28, 2024 | — | 20.68% | — | 19% | 15.48% | — |
| FY 2024 Q3 | Sep 28, 2024 | — | 19.69% | — | 21.91% | 17.53% | — |
| FY 2024 Q2 | Jun 29, 2024 | — | 18.29% | — | 20.96% | 16.42% | — |
| FY 2024 Q1 | Mar 30, 2024 | — | 16.77% | — | 19.97% | 16.67% | — |
| FY 2023 Q4 | Dec 30, 2023 | — | 15.81% | — | 19.52% | 15.79% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | 15.89% | — | 17.02% | 13.35% | — |
| FY 2023 Q2 | Jul 1, 2023 | — | 15.67% | — | 16.59% | 12.68% | — |
| FY 2023 Q1 | Apr 1, 2023 | — | 15.02% | — | 15.24% | 12.5% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 15.9% | — | 15.81% | 12.49% | — |
| FY 2022 Q3 | Sep 24, 2022 | — | 17.38% | — | 16.47% | 12.72% | — |
| FY 2022 Q2 | Jun 25, 2022 | — | 18.45% | — | 17.72% | 13.34% | — |
| FY 2022 Q1 | Mar 26, 2022 | — | 18.98% | — | 17.95% | 14.61% | — |
| FY 2021 Q4 | Dec 25, 2021 | — | 19.86% | — | 18.61% | 14.54% | — |
| FY 2021 Q3 | Sep 25, 2021 | — | 21.93% | — | 20.62% | 16% | — |
| FY 2021 Q2 | Jun 26, 2021 | — | 23.8% | — | 22.93% | 17.38% | — |
| FY 2021 Q1 | Mar 27, 2021 | — | 19.87% | — | 19.74% | 16.11% | — |
| FY 2020 Q4 | Dec 26, 2020 | — | 19.17% | — | 19.25% | 15.04% | — |
| FY 2020 Q3 | Sep 26, 2020 | — | 18.93% | — | 21.5% | 16.57% | — |
| FY 2020 Q2 | Jun 27, 2020 | — | 18.92% | — | 21.01% | 15.91% | — |
| FY 2020 Q1 | Mar 28, 2020 | — | 19.57% | — | 21.05% | 17.18% | — |
| FY 2019 Q4 | Dec 28, 2019 | — | 19.72% | — | 21.27% | 16.49% | — |
| FY 2019 Q3 | Sep 28, 2019 | — | 19.92% | — | 18.76% | 14.41% | — |
| FY 2019 Q2 | Jun 29, 2019 | — | 19.31% | — | 18.67% | 14.04% | — |
| FY 2019 Q1 | Mar 30, 2019 | — | 17.59% | — | 16.96% | 13.91% | — |
| FY 2018 Q4 | Dec 29, 2018 | — | 18.01% | — | 17.43% | 13.36% | — |
| FY 2018 Q3 | Sep 29, 2018 | — | 17.86% | — | 16.93% | 12.94% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 17.99% | — | 16.73% | 12.44% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 16.69% | — | 15.24% | 12.41% | — |
| FY 2017 Q4 | Dec 30, 2017 | — | 16.88% | — | 19.25% | 14.58% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 16.95% | — | 19.79% | 14.7% | — |
| FY 2017 Q2 | Jul 1, 2017 | — | 17.42% | — | 20% | 14.45% | — |
| FY 2017 Q1 | Apr 1, 2017 | — | 16.41% | — | 18.5% | 14.66% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 16.92% | — | 15.11% | 11.32% | — |
| FY 2016 Q3 | Sep 24, 2016 | — | 17.02% | — | 15.36% | 11.28% | — |
| FY 2016 Q2 | Jun 25, 2016 | — | 16.5% | — | 15.58% | 11.19% | — |
| FY 2016 Q1 | Mar 26, 2016 | — | 14.54% | — | 13.81% | 10.67% | — |
| FY 2015 Q4 | Dec 26, 2015 | — | 15.07% | — | 13.52% | 9.93% | — |
| FY 2015 Q3 | Sep 26, 2015 | — | 16.47% | — | 16.51% | 11.79% | — |
| FY 2015 Q2 | Jun 27, 2015 | — | 17.41% | — | 8.01% | 5.85% | — |
| FY 2015 Q1 | Mar 28, 2015 | — | 17.57% | — | 8.64% | 6.73% | — |
| FY 2014 Q4 | Dec 27, 2014 | — | 18.09% | — | 10.31% | 7.61% | — |
| FY 2014 Q3 | Sep 27, 2014 | — | 18.58% | — | 9.35% | 6.69% | — |
| FY 2014 Q2 | Jun 28, 2014 | — | 17.73% | — | 19.05% | 13.96% | — |
| FY 2014 Q1 | Mar 29, 2014 | — | 15.35% | — | 17.44% | 13.8% | — |
| FY 2013 Q4 | Dec 28, 2013 | — | 14.56% | — | 17.03% | 12.63% | — |
| FY 2013 Q3 | Sep 28, 2013 | — | 14.52% | — | 16.65% | 12.23% | — |
| FY 2013 Q2 | Jun 29, 2013 | — | 15.4% | — | 16.14% | 11.71% | — |
| FY 2013 Q1 | Mar 30, 2013 | — | 15.43% | — | 15.55% | 12.24% | — |
| FY 2012 Q4 | Dec 29, 2012 | — | 16.06% | — | 15.98% | 11.68% | — |
| FY 2012 Q3 | Sep 29, 2012 | — | 18.26% | — | 17.93% | 12.91% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 18.76% | — | 19.07% | 13.59% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 15.82% | — | — | 12.4% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 15.98% | — | 16.52% | 12.31% | — |
| FY 2011 Q3 | Sep 24, 2011 | — | 16.54% | — | — | 12.22% | — |
| FY 2011 Q2 | Jun 25, 2011 | — | 17.77% | — | — | 16.18% | — |
| FY 2011 Q1 | Mar 26, 2011 | — | 19.81% | — | — | 17.17% | — |
| FY 2010 Q4 | Dec 25, 2010 | — | 19.71% | — | 19.86% | 14.96% | — |
| FY 2010 Q3 | Sep 25, 2010 | — | 25.25% | — | — | 20.35% | — |
| FY 2010 Q2 | Jun 26, 2010 | — | 28.52% | — | — | 20.25% | — |
| FY 2010 Q1 | Mar 27, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 26, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 26, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 27, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · GRMN, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.