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Garmin GRMN Return on assets

Return on assets at other companies

Raytheon Technologies logo
Raytheon TechnologiesRTX
4.3%+1.5pp
Apple logo
AppleAAPL
34.9%+5.8pp
Honeywell International logo
Honeywell InternationalHON
5.5%-2.6pp
Teledyne Technologies logo
Teledyne TechnologiesTDY
6.1%+0.5pp
Nike logo
NikeNKE
6%-6.0pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
Operating income$431.7M+29.7%
Net income$405.1M+21.7%
EPS (diluted)$2.09+21.5%

Balance sheet

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Cash & equivalents$2.3B+5.3%
Total debt$167.6M+19.5%
Total equity$9.3B+13.3%
Total assets$11.0B+11.9%

Cash flow

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Operating cash flow$536.0M+27.4%
CapEx$66.6M+66.3%
Free cash flow$469.4M+23.3%

Valuation

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Market cap$45.17B+6.9%
Enterprise value$43.04B+7.0%
P/E26×-2.8×
P/S6.1×-0.5×

Profitability

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Gross margin59.1%+0.6pp
Operating margin26.5%+1.2pp
Net margin23.3%+0.5pp
FCF margin19.4%+0.6pp

Returns & leverage

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Return on equity19.9%+0.9pp
Debt / equity0.0×
Current ratio4.4×+0.3×

Where this comes from

Calculated from Garmin’s reported figures.

Based on trailing twelve months.

The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's return on assets?
Garmin (GRMN) reported return on assets of 16.7% in Q1 2026.
How has Garmin's return on assets changed year-over-year?
Garmin's return on assets increased by 5.0% year-over-year, from 15.9% to 16.7%.
What is the long-term trend for Garmin's return on assets?
Over 5 years (2020 to 2025), Garmin's return on assets has grown at a 1.4% compound annual growth rate (CAGR), from 15% to 16.1%.
What does return on assets mean?
How much profit the company squeezes out of everything it owns.
How do you interpret return on assets?
Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.
How does return on assets compare across companies?
Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.