Amgen (AMGN) Invested Capital (2009 - 2026)
Amgen's Invested Capital was $68.36 billion in Q3 2026, up 6.5% from $64.21 billion a year earlier but down 0.9% from the prior quarter.
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Analysis
Amgen (AMGN) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Invested Capital at Amgen came in at $63.26 billion, down 4.1% from FY2024.
- Invested Capital shows a five-year compound annual growth rate of 8.3% (FY2020 to FY2025).
- In earlier years, Invested Capital was $65.98 billion in FY2024 (-6.9%), $70.85 billion in FY2023 (+66.3%), $42.61 billion in FY2022 (+6.5%) and $40.01 billion in FY2021 (-5.6%).
- Quarterly Invested Capital has moved between $37.77 billion (Q1 2022) and $70.85 billion (Q4 2023) over five years.
- Compared with a year earlier, Invested Capital has increased for three straight quarters, with an average decline of 1.5% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q1 2023 (growth of 77.2%); the worst was Q1 2022 (a decline of 10.1%).
- Per Business Quant data, AMGN's Invested Capital in the three quarters before Q3 2026 was $68.99 billion (Q2 2026), $66.51 billion (Q1 2026) and $63.26 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,359.75 Bn | 1,333.37 Bn | 20.46 Bn | 89.77 Bn |
| 2 | Johnson & Johnson | 688.76 Bn | 608.62 Bn | 17.30 Bn | 126.18 Bn |
| 3 | AbbVie | 521.69 Bn | 489.75 Bn | 13.12 Bn | 76.32 Bn |
| 4 | Merck | 364.31 Bn | 327.31 Bn | 13.19 Bn | 98.72 Bn |
| 5 | Novartis Ag | 306.35 Bn | 279.93 Bn | - | - |
| 6 | Astrazeneca | 285.96 Bn | 259.56 Bn | 13.26 Bn | 45.14 Bn |
| 7 | Amgen | 251.88 Bn | 203.53 Bn | 7.58 Bn | 68.36 Bn |
| 8 | Gilead Sciences | 208.59 Bn | 183.61 Bn | 6.73 Bn | 39.27 Bn |
| 9 | Pfizer | 164.73 Bn | 112.38 Bn | 12.56 Bn | 151.97 Bn |
| 10 | Vertex Pharmaceuticals | 136.55 Bn | 104.28 Bn | 2.91 Bn | 25.40 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 68.36 Bn |
| Jun 30, 2026 | 68.99 Bn |
| Mar 31, 2026 | 66.51 Bn |
| Dec 31, 2025 | 63.26 Bn |
| Sep 30, 2025 | 64.21 Bn |
| Jun 30, 2025 | 63.63 Bn |
| Mar 31, 2025 | 63.59 Bn |
| Dec 31, 2024 | 65.98 Bn |
| Sep 30, 2024 | 67.93 Bn |
| Jun 30, 2024 | 68.57 Bn |
| Mar 31, 2024 | 69.04 Bn |
| Dec 31, 2023 | 70.85 Bn |
| Sep 30, 2023 | 68.12 Bn |
| Jun 30, 2023 | 68.33 Bn |
| Mar 31, 2023 | 66.94 Bn |
| Dec 31, 2022 | 42.61 Bn |
| Sep 30, 2022 | 42.36 Bn |
| Jun 30, 2022 | 38.94 Bn |
| Mar 31, 2022 | 37.77 Bn |
| Dec 31, 2021 | 40.01 Bn |
API Access
Amgen 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=AMGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "AMGN", "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=AMGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();