Pulmonx (LUNG) Invested Capital (2019 - 2025)
Pulmonx's (LUNG) quarterly Invested Capital came in at $91.3 million in Q4 2025, down 27.62% year-over-year from $126.2 million in Q4 2024, and down 6.22% quarter-over-quarter from $97.4 million in Q3 2025.
Analysis
Pulmonx (LUNG) Invested Capital (2019 - 2025) Analysis & Trends
Pulmonx (LUNG) has reported Invested Capital for 7 consecutive years, with $91.3 million the latest figure, recorded in Q4 2025.
- On a quarterly basis, Invested Capital fell 27.62% year-over-year to $91.3 million in Q4 2025; TTM through Dec 2025 was $91.3 million, a 27.62% decrease from a year earlier, with the FY2025 full-year figure at $91.3 million, down 27.62% from the prior year.
- Invested Capital was $91.3 million for Q4 2025 at Pulmonx, down from $97.4 million in the prior quarter.
- Over five years, Invested Capital peaked at $250.3 million in Q1 2021 and troughed at $91.3 million in Q4 2025.
- A 5-year average of $167.7 million and a median of $167.3 million in 2023 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital surged 225.05% in 2021 and dropped 27.62% in 2025, its largest moves.
- Over 5 years, Invested Capital stood at $210.8 million in 2021, then declined by 18.69% to $171.4 million in 2022, then slipped by 8.0% to $157.7 million in 2023, then declined by 20.01% to $126.2 million in 2024, then decreased by 27.62% to $91.3 million in 2025.
- The last three Invested Capital figures came in at $91.3 million (Q4 2025), $97.4 million (Q3 2025), and $106.4 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 180.08 Bn | 174.48 Bn | 7.27 Bn | 84.37 Bn |
| 2 | Intuitive Surgical | 127.86 Bn | 122.64 Bn | 1.96 Bn | - |
| 3 | Medtronic | 117.15 Bn | 108.33 Bn | 6.34 Bn | 79.00 Bn |
| 4 | Stryker | 103.82 Bn | 100.34 Bn | 4.50 Bn | 38.93 Bn |
| 5 | Boston Scientific | 63.24 Bn | 62.70 Bn | 3.85 Bn | 37.80 Bn |
| 6 | Edwards Lifesciences | 49.76 Bn | 45.51 Bn | 1.35 Bn | 11.32 Bn |
| 7 | Alcon | 32.95 Bn | 31.49 Bn | 1.68 Bn | 25.74 Bn |
| 8 | Dexcom | 32.22 Bn | 30.27 Bn | 830.00 Mn | - |
| 9 | Steris | 20.71 Bn | 20.23 Bn | 684.20 Mn | 9.36 Bn |
| 10 | Pulmonx | 76.96 Mn | 7.21 Mn | - | 91.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 91.32 Mn |
| Sep 30, 2025 | 97.37 Mn |
| Jun 30, 2025 | 106.41 Mn |
| Mar 31, 2025 | 130.47 Mn |
| Dec 31, 2024 | 126.16 Mn |
| Sep 30, 2024 | 131.36 Mn |
| Jun 30, 2024 | 138.57 Mn |
| Mar 31, 2024 | 158.19 Mn |
| Dec 31, 2023 | 157.71 Mn |
| Sep 30, 2023 | 163.17 Mn |
| Jun 30, 2023 | 171.38 Mn |
| Mar 31, 2023 | 181.38 Mn |
| Dec 31, 2022 | 171.42 Mn |
| Sep 30, 2022 | 190.95 Mn |
| Jun 30, 2022 | 195.41 Mn |
| Mar 31, 2022 | 201.17 Mn |
| Dec 31, 2021 | 210.83 Mn |
| Sep 30, 2021 | 237.07 Mn |
| Jun 30, 2021 | 243.07 Mn |
| Mar 31, 2021 | 250.28 Mn |