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Garmin GRMN Return on equity

Return on equity at other companies

Raytheon Technologies logo
Raytheon TechnologiesRTX
11.4%+3.8pp
Apple logo
AppleAAPL
141.5%+3.5pp
Honeywell International logo
Honeywell InternationalHON
26.4%-7.2pp
Teledyne Technologies logo
Teledyne TechnologiesTDY
9%+0.4pp
Nike logo
NikeNKE
16%-15.9pp
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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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 equity?
Garmin (GRMN) reported return on equity of 19.9% in Q1 2026.
How has Garmin's return on equity changed year-over-year?
Garmin's return on equity increased by 4.5% year-over-year, from 19% to 19.9%.
What is the long-term trend for Garmin's return on equity?
Over 5 years (2020 to 2025), Garmin's return on equity has grown at a 0.5% compound annual growth rate (CAGR), from 19.3% to 19.8%.
What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.