Garmin annual return on equity
2008
2009
2010
2011
2012
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2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Garmin Return on Equity (ROE) Growth & History (GRMN)
Garmin's return on equity was 19.78% for fiscal 2025.
View full Garmin company overviewGarmin annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-27 | 19.78% | +0.79 pp |
| 2024 | 2024-12-28 | 19.00% | −0.52 pp |
| 2023 | 2023-12-30 | 19.52% | +3.71 pp |
| 2022 | 2022-12-31 | 15.81% | −2.80 pp |
| 2021 | 2021-12-25 | 18.61% | −0.64 pp |
| 2020 | 2020-12-26 | 19.25% | −2.02 pp |
| 2019 | 2019-12-28 | 21.27% | +3.95 pp |
| 2018 | 2018-12-29 | 17.32% | −2.09 pp |
| 2017 | 2017-12-30 | 19.41% | +4.24 pp |
| 2016 | 2016-12-31 | 15.17% | +1.70 pp |
| 2015 | 2015-12-26 | 13.46% | +3.15 pp |
| 2014 | 2014-12-27 | 10.31% | −6.72 pp |
| 2013 | 2013-12-28 | 17.03% | +1.05 pp |
| 2012 | 2012-12-29 | 15.98% | −0.54 pp |
| 2011 | 2011-12-31 | 16.52% | −3.34 pp |
| 2010 | 2010-12-25 | 19.86% | −7.95 pp |
| 2009 | 2009-12-26 | 27.81% | −4.22 pp |
| 2008 | 2008-12-27 | 32.03% | — |
Garmin quarterly return on equity
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Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.92% | +1.01 pp |
| Q1 2026 | 2026-03-28 | 4.44% | +0.29 pp |
| Q4 2025 | 2025-12-27 | 6.06% | +0.38 pp |
| Q3 2025 | 2025-09-27 | 4.84% | −0.66 pp |
| Q2 2025 | 2025-06-28 | 4.92% | +0.70 pp |
| Q1 2025 | 2025-03-29 | 4.15% | +0.28 pp |
| Q4 2024 | 2024-12-28 | 5.68% | −2.44 pp |
| Q3 2024 | 2024-09-28 | 5.50% | +1.38 pp |
| Q2 2024 | 2024-06-29 | 4.22% | −0.38 pp |
| Q1 2024 | 2024-03-30 | 3.87% | +0.66 pp |
| Q4 2023 | 2023-12-30 | 8.11% | +3.26 pp |
| Q3 2023 | 2023-09-30 | 4.12% | — |
| Q2 2023 | 2023-07-01 | 4.60% | +0.34 pp |
| Q1 2023 | 2023-04-01 | 3.21% | −0.21 pp |
| Q4 2022 | 2022-12-31 | 4.86% | +0.08 pp |
| Q2 2022 | 2022-06-25 | 4.26% | −1.35 pp |
| Q1 2022 | 2022-03-26 | 3.42% | −0.49 pp |
| Q4 2021 | 2021-12-25 | 4.78% | −1.50 pp |
| Q3 2021 | 2021-09-25 | 4.53% | −1.84 pp |
| Q2 2021 | 2021-06-26 | 5.61% | +1.80 pp |
| Q1 2021 | 2021-03-27 | 3.92% | +0.60 pp |
| Q4 2020 | 2020-12-26 | 6.28% | −1.58 pp |
| Q3 2020 | 2020-09-26 | 6.37% | +1.03 pp |
| Q2 2020 | 2020-06-27 | 3.81% | −1.48 pp |
| Q1 2020 | 2020-03-28 | 3.31% | +0.01 pp |
| Q4 2019 | 2019-12-28 | 7.87% | +3.18 pp |
| Q3 2019 | 2019-09-28 | 5.34% | +0.56 pp |
| Q2 2019 | 2019-06-29 | 5.28% | +0.38 pp |
| Q1 2019 | 2019-03-30 | 3.31% | +0.01 pp |
| Q4 2018 | 2018-12-29 | 4.69% | +0.88 pp |
| Q3 2018 | 2018-09-29 | 4.78% | +0.54 pp |
| Q2 2018 | 2018-06-30 | 4.91% | −0.02 pp |
| Q1 2018 | 2018-03-31 | 3.30% | −3.37 pp |
| Q4 2017 | 2017-12-30 | 3.81% | −0.20 pp |
| Q3 2017 | 2017-09-30 | 4.24% | +0.44 pp |
| Q2 2017 | 2017-07-01 | 4.93% | +0.09 pp |
| Q1 2017 | 2017-04-01 | 6.66% | +4.08 pp |
| Q4 2016 | 2016-12-31 | 4.01% | +0.00 pp |
| Q3 2016 | 2016-09-24 | 3.80% | +0.10 pp |
| Q2 2016 | 2016-06-25 | 4.84% | +0.72 pp |
| Q1 2016 | 2016-03-26 | 2.59% | +0.65 pp |
| Q4 2015 | 2015-12-26 | 4.01% | −2.33 pp |
| Q3 2015 | 2015-09-26 | 3.70% | +8.08 pp |
| Q2 2015 | 2015-06-27 | 4.12% | −0.91 pp |
| Q1 2015 | 2015-03-28 | 1.94% | −1.26 pp |
| Q4 2014 | 2014-12-27 | 6.33% | +1.80 pp |
| Q3 2014 | 2014-09-27 | −4.37% | −9.79 pp |
| Q2 2014 | 2014-06-28 | 5.03% | +0.09 pp |
| Q1 2014 | 2014-03-29 | 3.21% | +0.73 pp |
| Q4 2013 | 2013-12-28 | 4.53% | +0.80 pp |
| Q3 2013 | 2013-09-28 | 5.42% | +1.17 pp |
| Q2 2013 | 2013-06-29 | 4.94% | −0.70 pp |
| Q1 2013 | 2013-03-30 | 2.48% | −0.14 pp |
| Q4 2012 | 2012-12-29 | 3.74% | −1.50 pp |
| Q3 2012 | 2012-09-29 | 4.25% | −0.73 pp |
| Q2 2012 | 2012-06-30 | 5.64% | +2.09 pp |
| Q1 2012 | 2012-03-31 | 2.62% | −0.44 pp |
| Q4 2011 | 2011-12-31 | 5.24% | +0.73 pp |
| Q3 2011 | 2011-09-24 | 4.99% | −5.18 pp |
| Q2 2011 | 2011-06-25 | 3.56% | −1.62 pp |
| Q1 2011 | 2011-03-26 | 3.06% | +1.67 pp |
| Q4 2010 | 2010-12-25 | 4.51% | −5.82 pp |
| Q3 2010 | 2010-09-25 | 10.16% | +1.59 pp |
| Q2 2010 | 2010-06-26 | 5.18% | −1.73 pp |
| Q1 2010 | 2010-03-27 | 1.38% | — |
| Q4 2009 | 2009-12-26 | 10.33% | — |
| Q3 2009 | 2009-09-26 | 8.58% | — |
| Q2 2009 | 2009-06-27 | 6.91% | — |
Garmin return on equity trends
Over the last five fiscal years, Garmin's return on equity increased from 19.25% to 19.78%, a change of +0.53 percentage points. The latest reported quarter, Q2 2026, shows 5.92%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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