MercadoLibre Inc. (MELI) - Net Assets
Based on the latest financial reports, MercadoLibre Inc. (MELI) has net assets worth $6.75 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($42.67 Billion) and total liabilities ($35.92 Billion). 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 MELI cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.75 Billion |
| % of Total Assets | 15.82% |
| Annual Growth Rate | N/A |
| 5-Year Change | 340.76% |
| 10-Year Change | 1473.5% |
| Growth Volatility | 117.14 |
MercadoLibre Inc. - Net Assets Trend (2002–2025)
This chart illustrates how MercadoLibre Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore MELI asset base for the complete picture of this company's asset base.
Annual Net Assets for MercadoLibre Inc. (2002–2025)
The table below shows the annual net assets of MercadoLibre Inc. from 2002 to 2025. For live valuation and market cap data, see market value of MercadoLibre Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $6.75 Billion | +55.09% |
| 2024-12-31 | $4.35 Billion | +41.68% |
| 2023-12-31 | $3.07 Billion | +68.09% |
| 2022-12-31 | $1.83 Billion | +19.33% |
| 2021-12-31 | $1.53 Billion | -7.30% |
| 2020-12-31 | $1.65 Billion | -20.67% |
| 2019-12-31 | $2.08 Billion | +518.34% |
| 2018-12-31 | $336.70 Million | +3.35% |
| 2017-12-31 | $325.78 Million | -24.03% |
| 2016-12-31 | $428.85 Million | +26.33% |
| 2015-12-31 | $339.46 Million | -4.59% |
| 2014-12-31 | $355.79 Million | +3.58% |
| 2013-12-31 | $343.48 Million | +18.52% |
| 2012-12-31 | $289.81 Million | +32.23% |
| 2011-12-31 | $219.18 Million | +27.64% |
| 2010-12-31 | $171.72 Million | +50.38% |
| 2009-12-31 | $114.19 Million | +22.23% |
| 2008-12-31 | $93.42 Million | +1.91% |
| 2007-12-31 | $91.67 Million | +325.09% |
| 2006-12-31 | $-40.73 Million | +3.96% |
| 2005-12-31 | $-42.41 Million | -3.68% |
| 2003-12-31 | $-40.90 Million | -11.14% |
| 2002-12-31 | $-36.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MercadoLibre Inc.'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 grown by 580900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.81 Billion | 86.08% |
| Other Comprehensive Income | $-520.00 Million | -7.71% |
| Other Components | $1.46 Billion | 21.62% |
| Total Equity | $6.75 Billion | 100.00% |
MercadoLibre Inc. Competitors by Market Cap
The table below lists competitors of MercadoLibre Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CHRISTIAN DIOR ADR1/4/EO2
F:DIO0
|
$91.96 Billion |
|
KKR & Co LP
NYSE:KKR
|
$92.43 Billion |
|
Sandisk Corp
NASDAQ:SNDK
|
$92.46 Billion |
|
Ping An Insurance Group Co of China Ltd
SHG:601318
|
$92.61 Billion |
|
Spotify Technology SA
NYSE:SPOT
|
$90.90 Billion |
|
Agnico Eagle Mines Limited
TO:AEM
|
$90.48 Billion |
|
Compagnie Financière Richemont SA
JSE:CFR
|
$89.87 Billion |
|
Vertiv Holdings Co
NYSE:VRT
|
$89.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MercadoLibre Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,351,000,000 to 6,748,000,000, a change of 2,397,000,000 (55.1%).
- Net income of 1,997,000,000 contributed positively to equity growth.
- Share repurchases of 1,000,000 reduced equity.
- Other comprehensive income increased equity by 400,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.00 Billion | +29.59% |
| Share Repurchases | $1.00 Million | -0.01% |
| Other Comprehensive Income | $400.00 Million | +5.93% |
| Other Changes | $1.00 Million | +0.01% |
| Total Change | $- | 55.09% |
Book Value vs Market Value Analysis
This analysis compares MercadoLibre Inc.'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: 13.90x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $-3.58 | $1850.05 | x |
| 2003-12-31 | $-3.98 | $1850.05 | x |
| 2005-12-31 | $-3.10 | $1850.05 | x |
| 2006-12-31 | $-3.10 | $1850.05 | x |
| 2007-12-31 | $3.60 | $1850.05 | x |
| 2008-12-31 | $2.11 | $1850.05 | x |
| 2009-12-31 | $2.59 | $1850.05 | x |
| 2010-12-31 | $3.89 | $1850.05 | x |
| 2011-12-31 | $4.96 | $1850.05 | x |
| 2012-12-31 | $6.56 | $1850.05 | x |
| 2013-12-31 | $7.78 | $1850.05 | x |
| 2014-12-31 | $8.06 | $1850.05 | x |
| 2015-12-31 | $7.69 | $1850.05 | x |
| 2016-12-31 | $9.71 | $1850.05 | x |
| 2017-12-31 | $7.38 | $1850.05 | x |
| 2018-12-31 | $7.56 | $1850.05 | x |
| 2019-12-31 | $42.76 | $1850.05 | x |
| 2020-12-31 | $33.20 | $1850.05 | x |
| 2021-12-31 | $30.74 | $1850.05 | x |
| 2022-12-31 | $35.59 | $1850.05 | x |
| 2023-12-31 | $60.21 | $1850.05 | x |
| 2024-12-31 | $85.82 | $1850.05 | x |
| 2025-12-31 | $133.10 | $1850.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MercadoLibre Inc. 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): 29.59%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.91%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 6.32x
- Recent ROE (29.59%) is above the historical average (17.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.00% | -147.06% | 0.06x | 0.00x | $1.18 Million |
| 2003 | 0.00% | -57.14% | 0.23x | 0.00x | $890.00K |
| 2005 | 0.00% | 8.33% | 0.64x | 0.00x | $6.59 Million |
| 2006 | 0.00% | 2.06% | 0.97x | 0.00x | $5.14 Million |
| 2007 | 10.57% | 11.39% | 0.63x | 1.47x | $525.63K |
| 2008 | 20.14% | 13.73% | 0.87x | 1.68x | $9.47 Million |
| 2009 | 29.08% | 19.21% | 0.95x | 1.60x | $21.79 Million |
| 2010 | 32.63% | 25.85% | 0.80x | 1.57x | $38.85 Million |
| 2011 | 35.03% | 25.68% | 0.84x | 1.62x | $54.86 Million |
| 2012 | 34.94% | 27.10% | 0.78x | 1.65x | $72.27 Million |
| 2013 | 34.21% | 24.86% | 0.80x | 1.72x | $83.16 Million |
| 2014 | 20.40% | 13.04% | 0.58x | 2.72x | $37.00 Million |
| 2015 | 31.16% | 16.23% | 0.65x | 2.96x | $71.84 Million |
| 2016 | 31.80% | 16.15% | 0.62x | 3.19x | $93.48 Million |
| 2017 | 4.23% | 1.13% | 0.73x | 5.14x | $-18.80 Million |
| 2018 | -10.87% | -2.54% | 0.64x | 6.65x | $-70.25 Million |
| 2019 | -8.26% | -7.49% | 0.48x | 2.30x | $-380.20 Million |
| 2020 | -0.06% | -0.03% | 0.61x | 3.95x | $-166.16 Million |
| 2021 | 5.42% | 1.17% | 0.70x | 6.60x | $-70.10 Million |
| 2022 | 26.38% | 4.47% | 0.78x | 7.52x | $299.30 Million |
| 2023 | 32.14% | 6.53% | 0.86x | 5.73x | $679.90 Million |
| 2024 | 43.92% | 9.20% | 0.82x | 5.79x | $1.48 Billion |
| 2025 | 29.59% | 6.91% | 0.68x | 6.32x | $1.32 Billion |
Industry Comparison
This section compares MercadoLibre Inc.'s net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $17,987,643,761
- Average return on equity (ROE) among peers: -14.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MercadoLibre Inc. (MELI) | $6.75 Billion | 0.00% | 5.32x | $90.91 Billion |
| Winamp Group SA (ALPET) | $997.96K | 8.88% | 5.88x | $13.13 Million |
| Amazon.com Inc (AMZN) | $146.04 Billion | -1.86% | 2.17x | $2.51 Trillion |
| Beyond, Inc. (BYON) | $359.13 Million | -85.72% | 0.77x | $541.91 Million |
| Baozun Inc (BZUN) | $472.11 Million | -12.67% | 0.82x | $138.03 Million |
| Maplebear Inc. (CART) | $2.25 Billion | -3.25% | 0.32x | $10.15 Billion |
| Chewy Inc (CHWY) | $510.24 Million | 7.76% | 5.25x | $6.09 Billion |
| Coupang LLC (CPNG) | $4.10 Billion | 3.75% | 2.74x | $33.89 Billion |
| Dada Nexus Ltd (DADA) | $7.03 Billion | -24.26% | 0.36x | $506.16 Million |
| DoorDash, Inc. Class A Common Stock (DASH) | $1.18 Billion | -56.43% | 0.47x | $69.45 Billion |
| eBay Inc (EBAY) | $17.93 Billion | 18.01% | 0.52x | $39.55 Billion |
About MercadoLibre Inc.
MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally. The company operates Mercado Libre Marketplace, an online commerce platform that can be accessed through mobile app or website; and Mercado Pago, a financial technology solution platform, which offers comprehensive set of financial technology services to users and other users of its e-commerce… Read more