Garmin Ltd. (GRMN) Return on Invested Capital (ROIC): 16.71%
Is Garmin Ltd.’s return on invested capital (ROIC) high or low?
Garmin Ltd.'s return on invested capital (ROIC) of 16.71% is in line with its 5-year average of 15.93%, near the high end of its 5-year range (14.41%–17.06%).
As of Monday, June 15, 2026. 1.30% above its 12-month average of 16.50%.
GRMN Return on Invested Capital (ROIC) Chart
GRMN Average Return on Invested Capital (ROIC) Chart
GRMN Current vs Average Return on Invested Capital (ROIC) Chart
GRMN Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
16.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
15.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
15.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
15.87%
CURRENT VS TTM AVG
+1.30%
CURRENT VS 3Y AVG
+7.15%
CURRENT VS 5Y AVG
+4.87%
CURRENT VS 10Y AVG
+8.26%
CURRENT VS 15Y AVG
+8.92%
CURRENT VS 20Y AVG
+5.31%
GRMN Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Garmin Ltd. (GRMN) | $46.35B | 16.71% | 16.50% | 15.60% | 15.93% |
| GLOBALFOUNDRIES Inc. (GFS)vs › | $45.90B | 5.20% | 1.87% | 4.50% | 0.42% |
| Block, Inc. (XYZ)vs › | $44.25B | 7.52% | 6.62% | 3.56% | 2.62% |
| ON Semiconductor Corporation (ON)vs › | $49.31B | 6.24% | 9.06% | 13.87% | 12.29% |
| Autodesk, Inc. (ADSK)vs › | $41.72B | 18.74% | 18.48% | 17.13% | 15.78% |
| Block, Inc. (SQ)vs › | $51.73B | -12.82% | -4.90% | -3.29% | -1.18% |
| Microchip Technology Incorporated (MCHP)vs › | $54.38B | 3.11% | 1.54% | 8.45% | 8.51% |
| Ubiquiti Inc. (UI)vs › | $34.78B | 72.62% | 58.70% | 56.94% | 67.51% |
| Fiserv, Inc. (FI)vs › | $34.31B | 10.12% | 9.41% | 7.77% | 6.13% |
| Workday, Inc. (WDAY)vs › | $33.95B | 5.95% | 4.34% | 1.95% | 0.28% |
Capital Efficiency
ROIC
16.7%
ROE
18.7%
Garmin Ltd. Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Garmin Ltd. Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Garmin Ltd. (GRMN)?
- The return on invested capital (ROIC) for GRMN stock is 16.71%.
- Is Garmin Ltd.'s return on invested capital (ROIC) high or low?
- Garmin Ltd.'s return on invested capital (ROIC) of 16.71% is in line with its 5-year average of 15.93%, near the high end of its 5-year range (14.41%–17.06%).
- What is the TTM average return on invested capital (ROIC) for Garmin Ltd. (GRMN)?
- The TTM average return on invested capital (ROIC) for GRMN stock is 16.50%.
- What is the 3Y average return on invested capital (ROIC) for Garmin Ltd. (GRMN)?
- The 3Y average return on invested capital (ROIC) for GRMN stock is 15.60%.
- What is the 5Y average return on invested capital (ROIC) for Garmin Ltd. (GRMN)?
- The 5Y average return on invested capital (ROIC) for GRMN stock is 15.93%.
- What is the 10Y average return on invested capital (ROIC) for Garmin Ltd. (GRMN)?
- The 10Y average return on invested capital (ROIC) for GRMN stock is 15.43%.
- What is the 15Y average return on invested capital (ROIC) for Garmin Ltd. (GRMN)?
- The 15Y average return on invested capital (ROIC) for GRMN stock is 15.34%.
- What is the 20Y average return on invested capital (ROIC) for Garmin Ltd. (GRMN)?
- The 20Y average return on invested capital (ROIC) for GRMN stock is 15.87%.
Garmin Ltd. Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-27 | 16.71% |
| 2024-12-28 | 16.28% |
| 2023-12-31 | 14.98% |
| 2022-12-31 | 14.41% |
| 2021-12-31 | 17.06% |
| 2020-12-31 | 16.16% |
| 2019-12-31 | 17.78% |
| 2018-12-31 | 14.71% |
| 2017-12-31 | 16.00% |
| 2016-12-31 | 13.52% |
| 2015-12-31 | 12.17% |
| 2014-12-31 | 9.50% |
| 2013-12-31 | 13.53% |
| 2012-12-31 | 13.96% |
| 2011-12-31 | 13.67% |
| 2010-12-31 | 19.18% |
| 2009-12-31 | 21.78% |
| 2008-12-31 | 28.25% |
| 2007-12-31 | 31.85% |
| 2006-12-31 | 30.75% |
| 2005-12-31 | 24.21% |
| 2004-12-31 | 23.18% |
| 2003-12-31 | 23.85% |
| 2002-12-31 | 22.20% |
| 2001-12-31 | 20.10% |
| 2000-12-31 | 22.98% |
| 1999-12-31 | 28.30% |
Related Metrics
About Garmin Ltd.
Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Clifton Albert Pemble