Merlin (MRLN) Invested Capital (2024 - 2026)

Merlin posted quarterly Invested Capital of -$139.1 million for Q1 2026, down 960.64% year-on-year from $16.2 million in Q1 2025, and down 156.07% on a QoQ basis from -$54.3 million in Q4 2025.

Merlin (MRLN) has 3 years of Invested Capital data on file, last reported at -$139.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Invested Capital fell 960.64% year-over-year to -$139.1 million; the trailing twelve-month figure through Mar 2026 stood at -$139.1 million (down 960.64% YoY), and the FY2025 full-year result was -$54.3 million, down 5896.36% from the prior year.
  • Invested Capital for Q1 2026 stood at -$139.1 million, down from -$54.3 million in the prior quarter.
  • Across five years, Invested Capital topped out at -$906000.0 in Q4 2024 and bottomed at -$139.1 million in Q1 2026.
  • The 3-year median for Invested Capital is -$11.8 million (2025), against an average of -$37.7 million.
  • The widest annual swing landed in 2025, when Invested Capital tumbled 5896.36%; it then tumbled 960.64% in 2026.
  • A 3-year view of Invested Capital shows it stood at -$906000.0 in 2024, then sank by 5896.36% to -$54.3 million in 2025, then slumped by 156.07% to -$139.1 million in 2026.
  • The last three Invested Capital figures came in at -$139.1 million (Q1 2026), -$54.3 million (Q4 2025), and -$10.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 General Electric 338.65 Bn 327.91 Bn 9.11 Bn 20.16 Bn
2 Rtx 242.18 Bn 237.08 Bn 9.08 Bn 68.22 Bn
3 Boeing 182.15 Bn 161.24 Bn 2.55 Bn 52.95 Bn
4 Lockheed Martin 121.95 Bn 120.06 Bn 2.08 Bn 7.66 Bn
5 Howmet Aerospace 103.56 Bn 101.12 Bn 854.00 Mn 6.16 Bn
6 General Dynamics 93.70 Bn 90.05 Bn 9.09 Bn 27.83 Bn
7 Embraer 89.60 Bn 86.98 Bn - 7.51 Bn
8 Rocket Lab 86.87 Bn 85.59 Bn 76.49 Mn 2.30 Bn
9 Northrop Grumman 80.10 Bn 78.01 Bn 3.45 Bn 17.12 Bn
10 Merlin 582.99 Mn 582.99 Mn 1.81 Mn -139.11 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 -139.11 Mn
Dec 31, 2025 -11.17 Mn
Sep 30, 2025 -10.53 Mn
Jun 30, 2025 -7.93 Mn
Mar 31, 2025 -7.58 Mn
Dec 31, 2024 -7.37 Mn