GrowGeneration Corp (GRWG) - Net Assets
Based on the latest financial reports, GrowGeneration Corp (GRWG) has net assets worth $104.70 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($159.60 Million) and total liabilities ($54.90 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GRWG intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $104.70 Million |
| % of Total Assets | 65.6% |
| Annual Growth Rate | 71.45% |
| 5-Year Change | -62.12% |
| 10-Year Change | 5476.97% |
| Growth Volatility | 170.17 |
GrowGeneration Corp - Net Assets Trend (2014–2024)
This chart illustrates how GrowGeneration Corp's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of GrowGeneration Corp to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for GrowGeneration Corp (2014–2024)
The table below shows the annual net assets of GrowGeneration Corp from 2014 to 2024. For live valuation and market cap data, see GrowGeneration Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $120.09 Million | -30.74% |
| 2023-12-31 | $173.40 Million | -19.87% |
| 2022-12-31 | $216.40 Million | -41.72% |
| 2021-12-31 | $371.29 Million | +17.13% |
| 2020-12-31 | $317.00 Million | +500.27% |
| 2019-12-31 | $52.81 Million | +75.69% |
| 2018-12-31 | $30.06 Million | +296.61% |
| 2017-12-31 | $7.58 Million | +112.99% |
| 2016-12-31 | $3.56 Million | +65.24% |
| 2015-12-31 | $2.15 Million | +293.90% |
| 2014-12-31 | $546.68K | -- |
Equity Component Analysis
This analysis shows how different components contribute to GrowGeneration Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 25545334500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $59.00K | 0.05% |
| Other Components | $375.68 Million | 312.82% |
| Total Equity | $120.09 Million | 100.00% |
GrowGeneration Corp Competitors by Market Cap
The table below lists competitors of GrowGeneration Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Betamek Bhd
KLSE:0263
|
$70.62 Million |
|
Adyton Resources Corp
V:ADY
|
$70.63 Million |
|
Happy City Holdings Limited Class A Ordinary shares
NASDAQ:HCHL
|
$70.66 Million |
|
2invest AG
XETRA:2INV
|
$70.69 Million |
|
Lee Feed Mill Public Company Limited
BK:LEE
|
$70.59 Million |
|
Adicet Bio Inc
NASDAQ:ACET
|
$70.58 Million |
|
Kingstate Electronics
TWO:3206
|
$70.54 Million |
|
Nordisk Bergteknik AB Series B
ST:NORB-B
|
$70.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GrowGeneration Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 173,395,000 to 120,093,000, a change of -53,302,000 (-30.7%).
- Net loss of 49,510,000 reduced equity.
- Share repurchases of 6,037,000 reduced equity.
- Other factors increased equity by 2,245,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-49.51 Million | -41.23% |
| Share Repurchases | $6.04 Million | -5.03% |
| Other Changes | $2.25 Million | +1.87% |
| Total Change | $- | -30.74% |
Book Value vs Market Value Analysis
This analysis compares GrowGeneration Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.78x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 17.01x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.09 | $1.55 | x |
| 2015-12-31 | $0.18 | $1.55 | x |
| 2016-12-31 | $0.39 | $1.55 | x |
| 2017-12-31 | $0.52 | $1.55 | x |
| 2018-12-31 | $1.28 | $1.55 | x |
| 2019-12-31 | $1.56 | $1.55 | x |
| 2020-12-31 | $6.82 | $1.55 | x |
| 2021-12-31 | $6.14 | $1.55 | x |
| 2022-12-31 | $3.56 | $1.55 | x |
| 2023-12-31 | $2.83 | $1.55 | x |
| 2024-12-31 | $2.00 | $1.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GrowGeneration Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -41.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.21%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 1.45x
- Recent ROE (-41.23%) is below the historical average (-24.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -41.63% | -15.77% | 1.91x | 1.38x | $-282.25K |
| 2015 | -24.55% | -15.30% | 1.32x | 1.21x | $-744.09K |
| 2016 | -12.12% | -5.40% | 1.80x | 1.25x | $-787.07K |
| 2017 | -33.55% | -17.70% | 1.55x | 1.22x | $-3.30 Million |
| 2018 | -16.88% | -17.50% | 0.81x | 1.19x | $-8.08 Million |
| 2019 | 2.50% | 1.66% | 1.12x | 1.34x | $-3.96 Million |
| 2020 | 1.68% | 2.76% | 0.55x | 1.12x | $-26.37 Million |
| 2021 | 3.44% | 3.03% | 0.92x | 1.24x | $-24.34 Million |
| 2022 | -75.67% | -58.87% | 0.95x | 1.36x | $-185.39 Million |
| 2023 | -26.82% | -20.58% | 0.94x | 1.38x | $-63.84 Million |
| 2024 | -41.23% | -26.21% | 1.08x | 1.45x | $-61.52 Million |
Industry Comparison
This section compares GrowGeneration Corp's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $724,168,096
- Average return on equity (ROE) among peers: 32.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GrowGeneration Corp (GRWG) | $104.70 Million | -41.63% | 0.52x | $70.62 Million |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $7.74 Million | 76.78% | 1.27x | $26.97 Million |
| Arhaus Inc (ARHS) | $3.03 Million | 248.25% | 87.69x | $371.16 Million |
| Arko Corp (ARKO) | $217.91 Million | -2.67% | 2.71x | $770.72 Million |
| Academy Sports Outdoors Inc (ASO) | $857.04 Million | 2.50% | 2.78x | $3.20 Billion |
| BARK, Inc. (BARK) | $-46.01 Million | 0.00% | 0.00x | $73.19 Million |
| Build-A-Bear Workshop Inc (BBW) | $93.68 Million | 50.45% | 1.87x | $397.54 Million |
| Bath & Body Works Inc. (BBWI) | $2.15 Billion | 10.13% | 1.00x | $3.86 Billion |
| Best Buy Co. Inc (BBY) | $3.61 Billion | 27.69% | 2.61x | $13.82 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $268.78 Million | 9.72% | 1.64x | $33.00 Million |
| Barnes & Noble Education Inc (BNED) | $80.40 Million | -94.22% | 10.32x | $250.98 Million |
About GrowGeneration Corp
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It operates through two segments, Cultivation and Gardening, and Storage Solutions. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor culti… Read more