ASPN (Aspen Aerogels) Construction In Progress: $9.3 Mil (As of Mar. 2026)


ASPN Aspen Aerogels Inc ASPN
66 GF Score
Price $5.73
GF Value $5.13
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Aspen Aerogels Construction In Progress?

Aspen Aerogels ASPN -2.88% 66 Construction In Progress is $9.3 Mil as of Mar. 2026. GuruFocus rates ASPN with a GF Score™ of 66/100 and a GF Value™ of $5.13 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Aspen Aerogels's quarterly construction in progress declined from Sep. 2025 ($54.8 Mil) to Dec. 2025 ($9.3 Mil) but then increased from Dec. 2025 ($9.3 Mil) to Mar. 2026 ($9.3 Mil).

Aspen Aerogels's annual construction in progress increased from Dec. 2023 ($314.7 Mil) to Dec. 2024 ($352.6 Mil) but then declined from Dec. 2024 ($352.6 Mil) to Dec. 2025 ($9.3 Mil).

Aspen Aerogels Construction In Progress Historical Data

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The historical data trend for Aspen Aerogels's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Aspen Aerogels Construction In Progress Chart

Aspen Aerogels Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.46 209.06 314.70 352.57 9.26

Aspen Aerogels Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.33 53.83 54.81 9.26 9.28
ASPN
66GF Score
Aspen Aerogels Inc ASPN
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Aspen Aerogels Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $9.3 Mil mean?
Aspen Aerogels (ASPN) has a Construction In Progress of $9.3 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Aspen Aerogels and its competitors.
Is Aspen Aerogels' Construction In Progress too high?
Aspen Aerogels' current Construction In Progress is $9.3 Mil. Overall, Aspen Aerogels has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspen Aerogels' Construction In Progress compare to SWIM and JLHL?
Aspen Aerogels' Construction In Progress of $9.3 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Construction company?
A good Construction In Progress depends on the Construction industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Aspen Aerogels and its competitors. Aspen Aerogels's current Construction In Progress is $9.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Aerogels stock overvalued right now?
Based on GuruFocus' analysis, Aspen Aerogels (ASPN) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.13, compared to a current price of $5.73 — trading 11.7% above its estimated fair value. The current Construction In Progress is $9.3 Mil. Aspen Aerogels' overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Aspen Aerogels (ASPN), the current Construction In Progress is $9.3 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Aspen Aerogels (ASPN) Overvalued in 2026?

Based on GuruFocus' analysis, Aspen Aerogels stock appears to be overvalued. The current stock price of $5.73 is trading 11.7% above its estimated GF Value™ of $5.13. GuruFocus considers Aspen Aerogels to be Modestly Overvalued.

Key valuation signals for ASPN:

  • Construction In Progress: $9.3 Mil
  • GF Value™: $5.13 vs. price of $5.73 (11.7% above fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the ASPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Aspen Aerogels Business Description

Address 30 Forbes Road, Building B, Northborough, MA, USA, 01532
Aspen Aerogels Inc is an aerogel technology company that designs, develops, and manufactures high-performance aerogel insulation used in the energy industrial and sustainable insulation markets. The company also conducts research and development related to aerogel technology, supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. It is engaged in two operating segment Energy Industrial and Thermal Barrier. Geographically, it operates in the U.S. and also has a presence in other International countries. It generates the majority of its revenue from the Thermal Barrier segment and the United States market. Some of its products include Pyrogel XTE, Cryogel Z, Spaceloft Subsea, and others.
66GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.73
Price
$5.13
GF Value