Definitive Healthcare (DH) Invested Capital (2020 - 2026)
Definitive Healthcare's Invested Capital was $348.5 million in Q2 2026, down 39.9% from $580.27 million a year earlier and down 1.4% from the prior quarter.
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Analysis
Definitive Healthcare (DH) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, Invested Capital at Definitive Healthcare came in at $543.83 million, down 36.0% from FY2024.
- Invested Capital has now declined for four consecutive years, with a five-year compound annual growth rate of -19.9% (FY2020 to FY2025).
- In earlier years, Invested Capital was $850.31 million in FY2024 (-41.6%), $1.46 billion in FY2023 (-16.7%), $1.75 billion in FY2022 (-1.4%) and $1.77 billion in FY2021 (+7.0%).
- The Q2 2026 figure marks the lowest quarterly Invested Capital in data going back to Q4 2020.
- Compared with a year earlier, Invested Capital has declined for 15 straight quarters, with an average decline of 42.9% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q3 2022 (growth of 12.0%); the worst was Q1 2025 (a decline of 58.1%).
- Per Business Quant data, DH's Invested Capital in the three quarters before Q2 2026 was $353.43 million (Q1 2026), $543.83 million (Q4 2025) and $556.61 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | -65,223.00 |
| 2 | Veeva Systems | 46.20 Bn | 18.45 Bn | 695.95 Mn | - |
| 3 | Samsara | 22.32 Bn | 19.09 Bn | 392.58 Mn | - |
| 4 | Toast | 16.73 Bn | 9.40 Bn | 516.00 Mn | - |
| 5 | Ptc | 15.53 Bn | 14.35 Bn | 490.47 Mn | 3.49 Bn |
| 6 | Duolingo | 13.32 Bn | 8.49 Bn | 216.74 Mn | - |
| 7 | Trimble | 13.32 Bn | 12.38 Bn | 674.90 Mn | 6.57 Bn |
| 8 | Manhattan Associates | 11.58 Bn | 10.58 Bn | 168.33 Mn | - |
| 9 | Costar | 11.10 Bn | 5.07 Bn | 728.00 Mn | 8.94 Bn |
| 10 | Definitive Healthcare | 96.07 Mn | -589.22 Mn | 40.54 Mn | 348.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 348.50 Mn |
| Mar 31, 2026 | 353.43 Mn |
| Dec 31, 2025 | 543.83 Mn |
| Sep 30, 2025 | 556.61 Mn |
| Jun 30, 2025 | 580.27 Mn |
| Mar 31, 2025 | 607.04 Mn |
| Dec 31, 2024 | 850.31 Mn |
| Sep 30, 2024 | 941.98 Mn |
| Jun 30, 2024 | 1.14 Bn |
| Mar 31, 2024 | 1.45 Bn |
| Dec 31, 2023 | 1.46 Bn |
| Sep 30, 2023 | 1.46 Bn |
| Jun 30, 2023 | 1.72 Bn |
| Mar 31, 2023 | 1.73 Bn |
| Dec 31, 2022 | 1.75 Bn |
| Sep 30, 2022 | 1.74 Bn |
| Jun 30, 2022 | 1.75 Bn |
| Mar 31, 2022 | 1.76 Bn |
| Dec 31, 2021 | 1.77 Bn |
| Sep 30, 2021 | 1.55 Bn |
API Access
Definitive Healthcare 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=DH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "DH", "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=DH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();