GARMIN LTD (GRMN) Return on equity 2016–2025
GARMIN LTD (GRMN) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
18.5%FY2025 · since FY2016: 15.0% → 18.5%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 18.5% | +0.6 pp |
| FY2024 | 18.0% | -0.4 pp |
| FY2023 | 18.4% | +2.7 pp |
| FY2022 | 15.7% | -2.0 pp |
| FY2021 | 17.7% | -0.3 pp |
| FY2020 | 18.0% | -1.9 pp |
| FY2019 | 19.9% | +3.2 pp |
| FY2018 | 16.7% | -1.7 pp |
| FY2017 | 18.4% | +3.4 pp |
| FY2016 | 15.0% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice