Co-Diagnostics (CODX) Invested Capital (2016 - 2026)
Co-Diagnostics' Invested Capital came in at $10.14 million for Q3 2026, down 74.7% from $40.14 million a year earlier and down 24.9% from the prior quarter.
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Analysis
Co-Diagnostics (CODX) Invested Capital (2016 - 2026) Analysis & Trends
For FY2025, Co-Diagnostics' Invested Capital was $21.29 million, down 61.1% from FY2024.
- Invested Capital has declined in each of the last three years, with a three-year compound annual growth rate of -43.0% (FY2022 to FY2025).
- Going back by year, Invested Capital was $54.79 million in FY2024 (-36.6%), $86.42 million in FY2023 (-24.7%) and $114.82 million in FY2022.
- The Q3 2026 figure represents the lowest quarterly Invested Capital since Q4 2018.
- Year-over-year, Invested Capital has declined for 15 consecutive quarters, with an average decline of 53.2% over the last eight quarters.
- The year-over-year decline in Invested Capital has ranged between 24.7% (Q4 2023) and 74.7% (Q3 2026) over the last five years.
- Business Quant data shows CODX's Invested Capital at $13.5 million (Q2 2026), $16.9 million (Q1 2026) and $21.29 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.44 Bn | 236.08 Bn | 5.13 Bn | 96.14 Bn |
| 2 | Abbott Laboratories | 187.98 Bn | 162.45 Bn | 7.39 Bn | 82.78 Bn |
| 3 | Danaher | 163.91 Bn | 143.58 Bn | 3.84 Bn | 80.12 Bn |
| 4 | Intuitive Surgical | 153.75 Bn | 134.17 Bn | 2.08 Bn | - |
| 5 | Medtronic | 131.67 Bn | 97.80 Bn | 6.34 Bn | 79.00 Bn |
| 6 | Stryker | 117.84 Bn | 104.03 Bn | 4.25 Bn | 38.39 Bn |
| 7 | Boston Scientific | 64.27 Bn | 59.95 Bn | 3.43 Bn | 37.83 Bn |
| 8 | Edwards Lifesciences | 61.69 Bn | 45.00 Bn | 1.35 Bn | 11.56 Bn |
| 9 | Medline | 51.94 Bn | 49.07 Bn | 1.93 Bn | 31.97 Bn |
| 10 | Co-Diagnostics | 1.90 Mn | -22.58 Mn | -20,463.00 | 10.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.14 Mn |
| Jun 30, 2026 | 13.50 Mn |
| Mar 31, 2026 | 16.90 Mn |
| Dec 31, 2025 | 21.29 Mn |
| Sep 30, 2025 | 40.14 Mn |
| Jun 30, 2025 | 41.53 Mn |
| Mar 31, 2025 | 48.39 Mn |
| Dec 31, 2024 | 54.79 Mn |
| Sep 30, 2024 | 64.68 Mn |
| Jun 30, 2024 | 73.28 Mn |
| Mar 31, 2024 | 79.21 Mn |
| Dec 31, 2023 | 86.42 Mn |
| Sep 30, 2023 | 100.28 Mn |
| Jun 30, 2023 | 104.20 Mn |
| Mar 31, 2023 | 110.91 Mn |
| Dec 31, 2022 | 114.82 Mn |
| Sep 30, 2022 | 135.24 Mn |
| Jun 30, 2022 | 144.76 Mn |
| Mar 31, 2022 | 148.00 Mn |
| Dec 31, 2018 | 849,761.00 |
API Access
Co-Diagnostics 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=CODX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "CODX", "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=CODX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();