What is Wolfspeed's invested capital?

Wolfspeed (WOLF) reported invested capital of $1.36B in Q1 2026.

How has Wolfspeed's invested capital changed year-over-year?

Wolfspeed's invested capital decreased by 56.4% year-over-year, from $3.11B to $1.36B.

What is the long-term trend for Wolfspeed's invested capital?

Over 4 years (2021 to 2025), Wolfspeed's invested capital has grown at a 34.4% compound annual growth rate (CAGR), from $1.77B to $5.78B.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

Wolfspeed WOLF Invested capital

Discontinued — last reported Q3 '26

Invested capital at other companies

GriffonGFF

5.9%-9.9pp

Benchmark ElectronicsBHE

3.8%-1.7pp

Power IntegrationsPOWI

1.5%-1.0pp

SSR MiningSSRM

18.7%—

RepligenRGEN

0.3%-6.3pp

MYR GroupMYRG

18.4%+13.4pp

Other financials

Income statement

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Revenue$150.2M-19.0%

Gross profit-$40.0M-77.8%

Operating income-$114.3M+41.2%

Net income-$119.9M+58.0%

EPS (diluted)-$3.05-64.0%

Balance sheet

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Cash & equivalents$695.1M-4.8%

Total debt$1.0B-71.6%

Total equity$1.0B+380%

Total assets$3.1B-58.4%

Cash flow

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Operating cash flow-$61.4M+56.8%

CapEx$30.0M-92.5%

Free cash flow-$72.6M+87.8%

Valuation

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Market cap$2.54B+65.7%

Enterprise value$2.88B-66.7%

P/S3.6×+1.6×

Profitability

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Gross margin-31%-90.0pp

Operating margin-142.6%+39.0pp

Net margin-72.9%-24.4pp

FCF margin-135.9%-51.9pp

Returns & leverage

See full

Return on equity-84.2%-29.3pp

Debt / equity1×-16.1×

Current ratio7×+2.4×

Where this comes from

Calculated from Wolfspeed’s reported figures.

$1.0Btotal debt+$1.0Btotal stockholders equity−$695.1Mcash and equivalents=$1.36B

The official record: Wolfspeed’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wolfspeed's invested capital?: Wolfspeed (WOLF) reported invested capital of $1.36B in Q1 2026.
How has Wolfspeed's invested capital changed year-over-year?: Wolfspeed's invested capital decreased by 56.4% year-over-year, from $3.11B to $1.36B.
What is the long-term trend for Wolfspeed's invested capital?: Over 4 years (2021 to 2025), Wolfspeed's invested capital has grown at a 34.4% compound annual growth rate (CAGR), from $1.77B to $5.78B.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).