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
More GRMN financial trends
GRMN RevenueGRMN Net incomeGRMN Net marginGRMN Gross profitGRMN Gross marginGRMN Operating incomeGRMN Operating marginGRMN Operating cash flowGRMN Free cash flowGRMN Capital expendituresGRMN Stock buybacksGRMN Dividends paidGRMN Total assetsGRMN Total liabilitiesGRMN Shareholders’ equityGRMN overview →