Ashland (ASH) Invested Capital (2015 - 2026)
Ashland's Invested Capital was $3.24 billion in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 0.8% from $3.27 billion a year earlier but up 0.1% from the prior quarter.
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Analysis
Ashland (ASH) Invested Capital (2015 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Invested Capital at Ashland came in at $3.29 billion, down 22.0% from FY2024.
- Invested Capital has now declined for eight consecutive fiscal years, with a five-year compound annual growth rate of -7.6% (FY2020 to FY2025).
- In earlier fiscal years, Invested Capital was $4.22 billion in FY2024 (-4.7%), $4.43 billion in FY2023 (-1.4%), $4.49 billion in FY2022 (-4.9%) and $4.72 billion in FY2021 (-3.4%).
- Quarterly Invested Capital has moved between $3.24 billion (fiscal Q2 2026) and $4.73 billion (fiscal Q1 2022) over five years.
- Compared with a year earlier, Invested Capital has declined for 34 straight quarters, with an average decline of 13.5% over the last eight quarters.
- Across the past five years, year-over-year decline in Invested Capital ran from 0.8% in fiscal Q3 2026 to 23.8% in fiscal Q3 2025.
- Per Business Quant data, ASH's Invested Capital in the three fiscal quarters before Q3 2026 was $3.24 billion (Q2 2026), $3.27 billion (Q1 2026) and $3.29 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 218.80 Bn | 201.92 Bn | 4.43 Bn | 68.63 Bn |
| 2 | Corning | 132.43 Bn | 125.56 Bn | 1.63 Bn | 21.60 Bn |
| 3 | Sherwin Williams | 78.49 Bn | 77.53 Bn | 3.34 Bn | 15.93 Bn |
| 4 | Air Products & Chemicals | 61.97 Bn | 59.87 Bn | 1.04 Bn | 34.08 Bn |
| 5 | Corteva | 51.82 Bn | 40.62 Bn | 3.66 Bn | 30.28 Bn |
| 6 | LyondellBasell Industries | 37.12 Bn | 26.74 Bn | 2.04 Bn | 23.59 Bn |
| 7 | Nutrien | 33.86 Bn | 30.73 Bn | 3.25 Bn | 37.33 Bn |
| 8 | Qnity Electronics | 26.31 Bn | 23.73 Bn | 666.00 Mn | 11.57 Bn |
| 9 | Ati | 25.78 Bn | 23.93 Bn | 309.80 Mn | 4.19 Bn |
| 10 | Ashland | 3.11 Bn | 1.81 Bn | 170.00 Mn | 3.24 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.24 Bn |
| Mar 31, 2026 | 3.24 Bn |
| Dec 31, 2025 | 3.27 Bn |
| Sep 30, 2025 | 3.29 Bn |
| Jun 30, 2025 | 3.27 Bn |
| Mar 31, 2025 | 3.95 Bn |
| Dec 31, 2024 | 3.91 Bn |
| Sep 30, 2024 | 4.22 Bn |
| Jun 30, 2024 | 4.29 Bn |
| Mar 31, 2024 | 4.46 Bn |
| Dec 31, 2023 | 4.39 Bn |
| Sep 30, 2023 | 4.43 Bn |
| Jun 30, 2023 | 4.48 Bn |
| Mar 31, 2023 | 4.60 Bn |
| Dec 31, 2022 | 4.63 Bn |
| Sep 30, 2022 | 4.49 Bn |
| Jun 30, 2022 | 4.57 Bn |
| Mar 31, 2022 | 4.72 Bn |
| Dec 31, 2021 | 4.73 Bn |
| Sep 30, 2021 | 4.72 Bn |
API Access
Ashland 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=ASH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "ASH", "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=ASH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();