Avantor (AVTR) Invested Capital (2018 - 2026)
Avantor's Invested Capital was $9.33 billion in Q2 2026, down 11.4% from $10.53 billion a year earlier and down 0.8% from the prior quarter.
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Analysis
Avantor (AVTR) Invested Capital (2018 - 2026) Analysis & Trends
For FY2025, Invested Capital at Avantor came in at $9.51 billion, down 5.0% from FY2024.
- Invested Capital has now declined for four consecutive years, though with a five-year compound annual growth rate of 4.7% (FY2020 to FY2025).
- In earlier years, Invested Capital was $10.01 billion in FY2024 (-7.2%), $10.79 billion in FY2023 (-3.2%), $11.14 billion in FY2022 (-0.7%) and $11.22 billion in FY2021 (+48.3%).
- The Q2 2026 figure marks the lowest quarterly Invested Capital since Q2 2021.
- Compared with a year earlier, Invested Capital has declined for 15 straight quarters, with an average decline of 6.0% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q1 2022 (growth of 50.8%); the worst was Q2 2026 (a decline of 11.4%).
- Per Business Quant data, AVTR's Invested Capital in the three quarters before Q2 2026 was $9.41 billion (Q1 2026), $9.51 billion (Q4 2025) and $9.43 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 66.45 Bn | 65.21 Bn | 1.73 Bn | 23.45 Bn |
| 2 | W.W. Grainger | 62.58 Bn | 60.18 Bn | 1.98 Bn | 6.92 Bn |
| 3 | Fastenal | 59.02 Bn | 57.94 Bn | 1.06 Bn | 4.19 Bn |
| 4 | Ferguson Enterprises | 43.33 Bn | 40.54 Bn | 2.32 Bn | 10.00 Bn |
| 5 | Sunbelt Rentals Holdings | 31.82 Bn | 31.70 Bn | 1.25 Bn | 16.00 Bn |
| 6 | Reliance | 20.64 Bn | 19.68 Bn | 1.30 Bn | 9.08 Bn |
| 7 | Wesco International | 17.76 Bn | 15.08 Bn | 1.46 Bn | 11.16 Bn |
| 8 | Applied Industrial Technologies | 12.45 Bn | 12.32 Bn | 411.22 Mn | 2.12 Bn |
| 9 | Watsco | 11.13 Bn | 8.82 Bn | 578.93 Mn | 3.59 Bn |
| 10 | Avantor | 10.53 Bn | 9.33 Bn | 537.00 Mn | 9.33 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.33 Bn |
| Mar 31, 2026 | 9.41 Bn |
| Dec 31, 2025 | 9.51 Bn |
| Sep 30, 2025 | 9.43 Bn |
| Jun 30, 2025 | 10.53 Bn |
| Mar 31, 2025 | 10.20 Bn |
| Dec 31, 2024 | 10.01 Bn |
| Sep 30, 2024 | 10.47 Bn |
| Jun 30, 2024 | 10.55 Bn |
| Mar 31, 2024 | 10.66 Bn |
| Dec 31, 2023 | 10.79 Bn |
| Sep 30, 2023 | 10.73 Bn |
| Jun 30, 2023 | 10.90 Bn |
| Mar 31, 2023 | 11.06 Bn |
| Dec 31, 2022 | 11.14 Bn |
| Sep 30, 2022 | 10.78 Bn |
| Jun 30, 2022 | 11.01 Bn |
| Mar 31, 2022 | 11.22 Bn |
| Dec 31, 2021 | 11.22 Bn |
| Sep 30, 2021 | 9.69 Bn |
API Access
Avantor 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=AVTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "AVTR", "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=AVTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();