Ionis Pharmaceuticals (IONS) Invested Capital (2009 - 2026)
Ionis Pharmaceuticals' Invested Capital came in at $439.74 million for Q2 2026, down 65.2% from $1.26 billion a year earlier and down 52.4% from the prior quarter.
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Analysis
Ionis Pharmaceuticals (IONS) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Ionis Pharmaceuticals' Invested Capital was $949.16 million, up 48.2% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of -3.1% (FY2020 to FY2025).
- Going back by year, Invested Capital was $640.28 million in FY2024 (+35.4%), $472.85 million in FY2023 (-19.7%), $588.86 million in FY2022 (-29.5%) and $834.98 million in FY2021 (-24.9%).
- The Q2 2026 figure represents the lowest quarterly Invested Capital since Q2 2024.
- Year-over-year, Invested Capital increased in four of the last five quarters, with growth averaging 80.9%.
- The fastest year-over-year change in Invested Capital over five years came in Q2 2025 (growth of 309.5%), and the weakest in Q2 2026 (a decline of 65.2%).
- Business Quant data shows IONS's Invested Capital at $923.91 million (Q1 2026), $949.16 million (Q4 2025) and $1.25 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 134.01 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 64.89 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 95.89 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 79.44 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 50.26 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 68.99 Bn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 38.08 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 148.69 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | - |
| 10 | Ionis Pharmaceuticals | 7.40 Bn | -1.50 Bn | 265.21 Mn | 439.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 439.74 Mn |
| Mar 31, 2026 | 923.91 Mn |
| Dec 31, 2025 | 949.16 Mn |
| Sep 30, 2025 | 1.25 Bn |
| Jun 30, 2025 | 1.26 Bn |
| Dec 31, 2024 | 640.28 Mn |
| Sep 30, 2024 | 706.94 Mn |
| Jun 30, 2024 | 308.12 Mn |
| Mar 31, 2024 | 340.89 Mn |
| Dec 31, 2023 | 472.85 Mn |
| Mar 31, 2023 | 495.38 Mn |
| Dec 31, 2022 | 588.86 Mn |
| Sep 30, 2022 | 658.31 Mn |
| Jun 30, 2022 | 688.68 Mn |
| Mar 31, 2022 | 773.24 Mn |
| Dec 31, 2021 | 834.98 Mn |
| Sep 30, 2021 | 652.43 Mn |
| Jun 30, 2021 | 704.57 Mn |
| Mar 31, 2021 | 802.38 Mn |
| Dec 31, 2020 | 1.11 Bn |
API Access
Ionis Pharmaceuticals 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=IONS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "IONS", "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=IONS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();