Ardelyx (ARDX) Invested Capital (2018 - 2026)
Ardelyx (ARDX) recorded Invested Capital of $400.84 million in Q2 2026, up 17.6% from $340.98 million a year earlier and up 13.8% from the prior quarter.
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Analysis
Ardelyx (ARDX) Invested Capital (2018 - 2026) Analysis & Trends
For FY2025, Ardelyx reported Invested Capital of $369.78 million, up 14.1% from FY2024.
- Annual Invested Capital has increased for four straight years, with a five-year compound annual growth rate of 15.9% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $324.14 million in FY2024 (+49.6%), $216.64 million in FY2023 (+73.3%), $125.04 million in FY2022 (+8.8%) and $114.88 million in FY2021 (-35.1%).
- The Q2 2026 figure is the highest quarterly Invested Capital in data going back to Q2 2018.
- On a year-over-year basis, Invested Capital has increased for 15 consecutive quarters, with growth averaging 26.6% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 133.8% in Q3 2023, against a decline of 53.0% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $352.14 million (Q1 2026), $369.78 million (Q4 2025) and $356.42 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 134.01 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 64.89 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 95.89 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 79.44 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 50.26 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 68.99 Bn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 38.08 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 148.69 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | - |
| 10 | Ardelyx | 852.08 Mn | -175.22 Mn | 115.12 Mn | 400.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 400.84 Mn |
| Mar 31, 2026 | 352.14 Mn |
| Dec 31, 2025 | 369.78 Mn |
| Sep 30, 2025 | 356.42 Mn |
| Jun 30, 2025 | 340.98 Mn |
| Mar 31, 2025 | 296.98 Mn |
| Dec 31, 2024 | 324.14 Mn |
| Sep 30, 2024 | 259.00 Mn |
| Jun 30, 2024 | 247.24 Mn |
| Mar 31, 2024 | 250.73 Mn |
| Dec 31, 2023 | 216.64 Mn |
| Sep 30, 2023 | 218.39 Mn |
| Jun 30, 2023 | 150.21 Mn |
| Mar 31, 2023 | 152.30 Mn |
| Dec 31, 2022 | 125.04 Mn |
| Sep 30, 2022 | 93.40 Mn |
| Jun 30, 2022 | 79.42 Mn |
| Mar 31, 2022 | 90.33 Mn |
| Dec 31, 2021 | 114.88 Mn |
| Sep 30, 2021 | 132.91 Mn |
API Access
Ardelyx 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=ARDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "ARDX", "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=ARDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();