Axogen (AXGN) Invested Capital (2009 - 2026)
Axogen (AXGN) recorded Invested Capital of $496.1 million in Q3 2026, up 193.6% from $168.97 million a year earlier and up 93.6% from the prior quarter.
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Analysis
Axogen (AXGN) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Axogen reported Invested Capital of $177.23 million, up 17.1% from FY2024.
- Annual Invested Capital has a five-year compound annual growth rate of 2.7% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $151.4 million in FY2024 (+6.4%), $142.27 million in FY2023 (-3.0%), $146.71 million in FY2022 (-6.8%) and $157.37 million in FY2021 (+1.4%).
- The Q3 2026 figure is the highest quarterly Invested Capital in data going back to Q4 2010.
- On a year-over-year basis, Invested Capital has increased for nine consecutive quarters, with growth averaging 46.7% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 193.6% in Q3 2026, against a decline of 10.8% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $256.26 million (Q2 2026), $244.81 million (Q1 2026) and $177.23 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 96.14 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 82.78 Bn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 80.12 Bn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | - |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 79.00 Bn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 38.39 Bn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 37.83 Bn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 11.56 Bn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 31.97 Bn |
| 10 | Axogen | 3.04 Bn | 2.44 Bn | 56.73 Mn | 496.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 496.10 Mn |
| Jun 30, 2026 | 256.26 Mn |
| Mar 31, 2026 | 244.81 Mn |
| Dec 31, 2025 | 177.23 Mn |
| Sep 30, 2025 | 168.97 Mn |
| Jun 30, 2025 | 160.21 Mn |
| Mar 31, 2025 | 153.08 Mn |
| Dec 31, 2024 | 151.40 Mn |
| Sep 30, 2024 | 146.68 Mn |
| Jun 30, 2024 | 142.73 Mn |
| Mar 31, 2024 | 139.98 Mn |
| Dec 31, 2023 | 142.27 Mn |
| Sep 30, 2023 | 144.19 Mn |
| Jun 30, 2023 | 143.31 Mn |
| Mar 31, 2023 | 143.44 Mn |
| Dec 31, 2022 | 146.71 Mn |
| Sep 30, 2022 | 146.93 Mn |
| Jun 30, 2022 | 146.95 Mn |
| Mar 31, 2022 | 148.89 Mn |
| Dec 31, 2021 | 157.37 Mn |
API Access
Axogen 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=AXGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "AXGN", "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=AXGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();