Amgen (AMGN) Invested Capital (2009 - 2026)

Amgen (AMGN) recorded quarterly Invested Capital of $66.5 billion in Q1 2026, up 5.14% quarter-over-quarter from $63.3 billion in Q4 2025, and up 4.6% on a YoY basis from $63.6 billion in Q1 2025.

Amgen (AMGN) Invested Capital (2009 - 2026) Analysis & Trends

Amgen's Invested Capital history runs 18 years deep, the most recent figure standing at $66.5 billion for Q1 2026.

  • In Q1 2026, Invested Capital rose 4.6% year-over-year to $66.5 billion; the TTM figure through Mar 2026 stood at $66.5 billion (up 4.6% YoY), while the FY2025 annual figure was $63.3 billion, down 4.11% from the prior year.
  • Invested Capital was $66.5 billion for Q1 2026 at Amgen, up from $63.3 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $70.8 billion in Q4 2023 to a low of $37.8 billion in Q1 2022.
  • Historically, Invested Capital has averaged $60.5 billion across 5 years, with a median of $66.0 billion in 2024.
  • The sharpest annual moves came in 2022 and 2023: Invested Capital fell 10.03% in 2022, then soared 77.04% in 2023.
  • A 5-year view of Invested Capital shows it stood at $42.6 billion in 2022, then jumped by 66.46% to $70.8 billion in 2023, then decreased by 6.87% to $66.0 billion in 2024, then decreased by 4.11% to $63.3 billion in 2025, then rose by 5.14% to $66.5 billion in 2026.
  • The last three Invested Capital figures came in at $66.5 billion (Q1 2026), $63.3 billion (Q4 2025), and $64.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Gsk 92,316,836.42 Bn 92,316,831.46 Bn 7.76 Bn -
2 Eli Lilly 983.57 Bn 978.29 Bn 16.22 Bn 72.79 Bn
3 Johnson & Johnson 553.56 Bn 531.50 Bn 15.96 Bn 98.65 Bn
4 AbbVie 383.35 Bn 374.00 Bn 10.78 Bn -6.66 Bn
5 Merck 281.71 Bn 276.06 Bn 12.09 Bn 48.32 Bn
6 Amgen 182.20 Bn 170.16 Bn 5.87 Bn 66.51 Bn
7 Gilead Sciences 153.71 Bn 145.98 Bn 5.52 Bn 45.69 Bn
8 Pfizer 143.75 Bn 130.98 Bn -1.21 Bn 90.96 Bn
9 Bristol Myers Squibb 109.71 Bn 99.25 Bn 8.07 Bn 64.21 Bn
10 Novartis Ag 108.28 Bn 107.60 Bn - -

Historic Data

Download Data
DateValue
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 68.53 Bn
Mar 31, 2024 69.04 Bn
Dec 31, 2023 70.85 Bn
Sep 30, 2023 68.16 Bn
Jun 30, 2023 68.28 Bn
Mar 31, 2023 66.95 Bn
Dec 31, 2022 42.56 Bn
Sep 30, 2022 42.35 Bn
Jun 30, 2022 38.94 Bn
Mar 31, 2022 37.82 Bn
Dec 31, 2021 40.01 Bn
Sep 30, 2021 45.82 Bn
Jun 30, 2021 41.05 Bn