Ascend Wellness Holdings (AAWH) Invested Capital (2020 - 2026)
Ascend Wellness Holdings (AAWH) posted Invested Capital of $232.91 million for Q2 2026, down 38.3% from $377.74 million a year earlier but up 2.9% from the prior quarter.
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Analysis
Ascend Wellness Holdings (AAWH) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, Ascend Wellness Holdings' Invested Capital came in at $254.03 million, down 29.2% from FY2024.
- Annual Invested Capital has declined for three consecutive years, though with a five-year compound annual growth rate of 3.4% (FY2020 to FY2025).
- In prior years, Ascend Wellness Holdings' Invested Capital was $358.91 million in FY2024 (-20.5%), $451.59 million in FY2023 (-8.6%), $494.04 million in FY2022 (+13.5%) and $435.26 million in FY2021 (+102.1%).
- Quarterly Invested Capital has run from a low of $226.32 million in Q1 2026 to a high of $494.04 million in Q4 2022 over five years.
- On a year-over-year basis, Invested Capital has declined in each of the last 13 quarters, with an average decline of 22.0% over the last eight quarters.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q4 2021, with growth of 102.1%; the weakest was Q1 2026, with a decline of 41.3%.
- According to Business Quant data, Invested Capital for the three prior quarters was $226.32 million (Q1 2026), $254.03 million (Q4 2025) and $371.63 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 292.24 Bn | 273.81 Bn | 7.66 Bn | 40.53 Bn |
| 2 | British American Tobacco p.l.c | 121.70 Bn | 100.85 Bn | - | 154.98 Bn |
| 3 | Altria | 112.46 Bn | 98.66 Bn | 3.82 Bn | 21.91 Bn |
| 4 | Curaleaf Holdings | 2.67 Bn | 2.27 Bn | 169.91 Mn | 1.48 Bn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 2.32 Bn |
| 6 | Trulieve Cannabis | 2.06 Bn | 674.09 Mn | 162.29 Mn | 859.48 Mn |
| 7 | Green Thumb Industries | 1.30 Bn | 155.26 Mn | 137.87 Mn | 2.14 Bn |
| 8 | Cronos | 1.19 Bn | -2.03 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.12 Bn | 246.72 Mn | 93.70 Mn | 748.17 Mn |
| 10 | Ascend Wellness Holdings | 211.17 Mn | -88.87 Mn | 45.49 Mn | 232.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 232.91 Mn |
| Mar 31, 2026 | 226.32 Mn |
| Dec 31, 2025 | 254.03 Mn |
| Sep 30, 2025 | 371.63 Mn |
| Jun 30, 2025 | 377.74 Mn |
| Mar 31, 2025 | 385.72 Mn |
| Dec 31, 2024 | 358.91 Mn |
| Sep 30, 2024 | 394.81 Mn |
| Jun 30, 2024 | 426.84 Mn |
| Mar 31, 2024 | 446.35 Mn |
| Dec 31, 2023 | 451.59 Mn |
| Sep 30, 2023 | 466.89 Mn |
| Jun 30, 2023 | 475.75 Mn |
| Mar 31, 2023 | 473.01 Mn |
| Dec 31, 2022 | 494.04 Mn |
| Sep 30, 2022 | 484.51 Mn |
| Jun 30, 2022 | 479.90 Mn |
| Mar 31, 2022 | 391.73 Mn |
| Dec 31, 2021 | 435.26 Mn |
| Sep 30, 2021 | 439.61 Mn |
API Access
Ascend Wellness Holdings Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=AAWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "AAWH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=AAWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();