Pulmonx (LUNG) Invested Capital (2019 - 2025)
Pulmonx's Invested Capital came in at $91.21 million for Q4 2025, down 25.8% from $122.99 million a year earlier and down 6.1% from the prior quarter.
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Analysis
Pulmonx (LUNG) Invested Capital (2019 - 2025) Analysis & Trends
Going back to Q4 2019, Pulmonx's Invested Capital data covers 23 quarters.
- Invested Capital has declined in each of the last five years, with a five-year compound annual growth rate of -17.8% (FY2020 to FY2025).
- Going back by year, Invested Capital was $122.99 million in FY2024 (-20.9%), $155.56 million in FY2023 (-9.3%), $171.42 million in FY2022 (-18.7%) and $210.75 million in FY2021 (-13.3%).
- The Q4 2025 figure represents the lowest quarterly Invested Capital since Q3 2020.
- Year-over-year, Invested Capital has declined for 17 consecutive quarters, with an average decline of 21.9% over the last eight quarters.
- Across the past five years, year-over-year decline in Invested Capital ran from 9.2% in Q1 2023 to 25.9% in Q3 2025.
- Business Quant data shows LUNG's Invested Capital at $97.16 million (Q3 2025), $106.21 million (Q2 2025) and $114.86 million (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 95.24 Bn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 84.37 Bn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 79.15 Bn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | - |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 79.00 Bn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 38.93 Bn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 37.80 Bn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 11.32 Bn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 41.22 Bn |
| 10 | Pulmonx | 79.60 Mn | -239.63 Mn | - | 91.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 91.21 Mn |
| Sep 30, 2025 | 97.16 Mn |
| Jun 30, 2025 | 106.21 Mn |
| Mar 31, 2025 | 114.86 Mn |
| Dec 31, 2024 | 122.99 Mn |
| Sep 30, 2024 | 131.16 Mn |
| Jun 30, 2024 | 138.39 Mn |
| Mar 31, 2024 | 147.73 Mn |
| Dec 31, 2023 | 155.56 Mn |
| Sep 30, 2023 | 162.99 Mn |
| Jun 30, 2023 | 171.19 Mn |
| Mar 31, 2023 | 181.20 Mn |
| Dec 31, 2022 | 171.42 Mn |
| Sep 30, 2022 | 180.87 Mn |
| Jun 30, 2022 | 189.56 Mn |
| Mar 31, 2022 | 199.57 Mn |
| Dec 31, 2021 | 210.75 Mn |
| Sep 30, 2021 | 219.68 Mn |
| Jun 30, 2021 | 225.70 Mn |
| Mar 31, 2021 | 232.95 Mn |
API Access
Pulmonx 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=LUNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "LUNG", "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=LUNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();