Tarsus Pharmaceuticals (TARS) Invested Capital (2021 - 2026)
Tarsus Pharmaceuticals (TARS) reported Invested Capital of $419.49 million for Q2 2026, up 3.6% from $404.74 million a year earlier but down 0.5% from the prior quarter.
Powered by 
Analysis
Tarsus Pharmaceuticals (TARS) Invested Capital (2021 - 2026) Analysis & Trends
For FY2025, Tarsus Pharmaceuticals posted Invested Capital of $415.86 million, up 40.3% from FY2024.
- Invested Capital has increased for four consecutive years, with a four-year compound annual growth rate of 25.7% (FY2021 to FY2025).
- By year, Invested Capital came in at $296.38 million in FY2024 (+30.7%), $226.81 million in FY2023 (+6.8%), $212.33 million in FY2022 (+27.4%) and $166.73 million in FY2021.
- Five-year quarterly Invested Capital spans a low of $166.73 million in Q4 2021 and a high of $421.55 million in Q1 2026.
- Year over year, Invested Capital has now increased in each of the last 12 quarters, with growth averaging 24.5% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was Q2 2024 (growth of 87.9%); the low point was Q2 2023 (a decline of 28.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $421.55 million (Q1 2026), $415.86 million (Q4 2025) and $407.36 million (Q3 2025).
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 | Tarsus Pharmaceuticals | 3.40 Bn | 2.35 Bn | 161.80 Mn | 419.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 419.49 Mn |
| Mar 31, 2026 | 421.55 Mn |
| Dec 31, 2025 | 415.86 Mn |
| Sep 30, 2025 | 407.36 Mn |
| Jun 30, 2025 | 404.74 Mn |
| Mar 31, 2025 | 414.44 Mn |
| Dec 31, 2024 | 296.38 Mn |
| Sep 30, 2024 | 309.19 Mn |
| Jun 30, 2024 | 323.82 Mn |
| Mar 31, 2024 | 305.14 Mn |
| Dec 31, 2023 | 226.81 Mn |
| Sep 30, 2023 | 243.37 Mn |
| Jun 30, 2023 | 172.34 Mn |
| Mar 31, 2023 | 197.92 Mn |
| Dec 31, 2022 | 212.33 Mn |
| Sep 30, 2022 | 221.98 Mn |
| Jun 30, 2022 | 240.77 Mn |
| Mar 31, 2022 | 168.38 Mn |
| Dec 31, 2021 | 166.73 Mn |
API Access
Tarsus 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=TARS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "TARS", "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=TARS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();