Mesa Air Group Inc
Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier scheduled passenger services. The company offers scheduled flight and cargo air transportation services. As of December 31, 2024, it operated 60 aircraft with approximately 228 daily departures to 76 cities in the United States, Cuba, and Mexico. Mesa Air Group, Inc. was founded in 1982… Read more
Mesa Air Group Inc (MESA) - Net Assets
Latest net assets as of September 2025: $-52.64 Million USD
Based on the latest financial reports, Mesa Air Group Inc (MESA) has net assets worth $-52.64 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 ($158.93 Million) and total liabilities ($211.57 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-52.64 Million |
| % of Total Assets | -33.12% |
| Annual Growth Rate | 6.49% |
| 5-Year Change | -77.41% |
| 10-Year Change | -41.72% |
| Growth Volatility | 61.27 |
Mesa Air Group Inc - Net Assets Trend (1990–2025)
This chart illustrates how Mesa Air Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mesa Air Group Inc (1990–2025)
The table below shows the annual net assets of Mesa Air Group Inc from 1990 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $110.24 Million | 0.00% |
| 2024-09-30 | $110.24 Million | -44.89% |
| 2023-09-30 | $200.04 Million | -35.09% |
| 2022-09-30 | $308.17 Million | -36.86% |
| 2021-09-30 | $488.05 Million | +6.59% |
| 2020-09-30 | $457.86 Million | +7.51% |
| 2019-09-30 | $425.87 Million | +13.73% |
| 2018-09-30 | $374.47 Million | +68.51% |
| 2017-09-30 | $222.22 Million | +17.48% |
| 2016-09-30 | $189.15 Million | +72.49% |
| 2008-09-30 | $109.66 Million | -24.43% |
| 2007-09-30 | $145.10 Million | -45.08% |
| 2006-09-30 | $264.21 Million | +49.55% |
| 2005-09-30 | $176.67 Million | +37.06% |
| 2004-09-30 | $128.90 Million | +10.20% |
| 2003-09-30 | $116.97 Million | +29.87% |
| 2002-09-30 | $90.07 Million | -12.66% |
| 2001-09-30 | $103.13 Million | -28.67% |
| 2000-09-30 | $144.57 Million | +49.92% |
| 1999-09-30 | $96.44 Million | -20.37% |
| 1998-09-30 | $121.10 Million | -31.62% |
| 1997-09-30 | $177.09 Million | -21.18% |
| 1996-09-30 | $224.67 Million | -12.20% |
| 1995-09-30 | $255.88 Million | +9.21% |
| 1994-09-30 | $234.30 Million | +8.77% |
| 1993-09-30 | $215.40 Million | +117.36% |
| 1992-09-30 | $99.10 Million | +145.91% |
| 1991-09-30 | $40.30 Million | +230.33% |
| 1990-09-30 | $12.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mesa Air Group 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 decreased by 2484.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $272.38 Million | 247.07% |
| Total Equity | $110.24 Million | 100.00% |
Mesa Air Group Inc Competitors by Market Cap
The table below lists competitors of Mesa Air Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sersol Bhd
KLSE:0055
|
$2.78 Million |
|
SEL Manufacturing Company Limited
NSE:SELMC
|
$2.78 Million |
|
Aberdeen International Inc
PINK:AABVF
|
$2.78 Million |
|
Eshbal Functional Food Inc.
V:ESBL
|
$2.78 Million |
|
Good Shroom Co Inc
V:MUSH
|
$2.78 Million |
|
CGN Resources Ltd
AU:CGR
|
$2.78 Million |
|
Legacy Ventures International Inc
PINK:LGYV
|
$2.78 Million |
|
New Talisman Gold Mines Ltd
AU:NTL
|
$2.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mesa Air Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 110,242,000 to 110,242,000, a change of 0 (0.0%).
- Net loss of 91,015,000 reduced equity.
- Other factors increased equity by 91,015,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-91.02 Million | -82.56% |
| Other Changes | $91.02 Million | +82.56% |
| Total Change | $- | 0.00% |
Book Value vs Market Value Analysis
This analysis compares Mesa Air Group 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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-09-30 | $368.86 | $1.40 | x |
| 1991-09-30 | $871.88 | $1.40 | x |
| 1992-09-30 | $795.22 | $1.40 | x |
| 1993-09-30 | $1413.56 | $1.40 | x |
| 1994-09-30 | $1465.43 | $1.40 | x |
| 1995-09-30 | $7.68 | $1.40 | x |
| 1996-09-30 | $1662.83 | $1.40 | x |
| 1997-09-30 | $1362.49 | $1.40 | x |
| 1998-09-30 | $810.06 | $1.40 | x |
| 1999-09-30 | $647.12 | $1.40 | x |
| 2000-09-30 | $981.93 | $1.40 | x |
| 2001-09-30 | $721.72 | $1.40 | x |
| 2002-09-30 | $604.91 | $1.40 | x |
| 2003-09-30 | $822.55 | $1.40 | x |
| 2004-09-30 | $772.48 | $1.40 | x |
| 2005-09-30 | $6.06 | $1.40 | x |
| 2006-09-30 | $1470.12 | $1.40 | x |
| 2007-09-30 | $1053.49 | $1.40 | x |
| 2008-09-30 | $908.93 | $1.40 | x |
| 2016-09-30 | $1767.25 | $1.40 | x |
| 2017-09-30 | $2138.04 | $1.40 | x |
| 2018-09-30 | $3347.31 | $1.40 | x |
| 2019-09-30 | $2732.73 | $1.40 | x |
| 2020-09-30 | $2917.71 | $1.40 | x |
| 2021-09-30 | $2827.03 | $1.40 | x |
| 2022-09-30 | $1919.00 | $1.40 | x |
| 2023-09-30 | $1140.46 | $1.40 | x |
| 2024-09-30 | $2.67 | $1.40 | x |
| 2025-09-30 | $602.97 | $1.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mesa Air Group 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): -82.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.10%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 5.41x
- Recent ROE (-82.56%) is below the historical average (-8.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 26.23% | 6.96% | 1.39x | 2.71x | $1.98 Million |
| 1991 | 11.41% | 5.91% | 1.02x | 1.90x | $570.00K |
| 1992 | 14.43% | 4.52% | 1.35x | 2.37x | $4.39 Million |
| 1993 | 12.26% | 7.47% | 0.89x | 1.85x | $4.86 Million |
| 1994 | 11.82% | 6.99% | 0.94x | 1.79x | $4.27 Million |
| 1995 | 5.48% | 3.08% | 1.02x | 1.75x | $-11.58 Million |
| 1996 | 13.53% | 6.08% | 0.74x | 3.02x | $7.94 Million |
| 1997 | -27.44% | -9.51% | 0.79x | 3.67x | $-66.31 Million |
| 1998 | -44.12% | -12.62% | 0.90x | 3.89x | $-65.54 Million |
| 1999 | -13.91% | -3.31% | 1.00x | 4.19x | $-23.06 Million |
| 2000 | 40.72% | 12.48% | 1.23x | 2.66x | $44.41 Million |
| 2001 | -46.62% | -9.19% | 1.23x | 4.11x | $-58.39 Million |
| 2002 | -10.45% | -1.87% | 1.41x | 3.95x | $-18.22 Million |
| 2003 | 23.90% | 4.66% | 1.27x | 4.05x | $16.26 Million |
| 2004 | 20.39% | 2.93% | 0.80x | 8.70x | $13.39 Million |
| 2005 | 32.19% | 5.00% | 0.97x | 6.61x | $39.20 Million |
| 2006 | 12.86% | 2.54% | 1.08x | 4.69x | $7.55 Million |
| 2007 | -56.21% | -6.28% | 1.06x | 8.45x | $-96.07 Million |
| 2008 | -26.59% | -2.20% | 1.38x | 8.75x | $-40.13 Million |
| 2016 | 7.89% | 2.54% | 0.46x | 6.78x | $-4.00 Million |
| 2017 | 14.77% | 5.10% | 0.47x | 6.11x | $10.61 Million |
| 2018 | 8.88% | 4.88% | 0.46x | 3.93x | $-4.19 Million |
| 2019 | 11.17% | 6.58% | 0.50x | 3.41x | $4.99 Million |
| 2020 | 6.00% | 5.04% | 0.36x | 3.28x | $-18.32 Million |
| 2021 | 3.40% | 3.29% | 0.35x | 2.98x | $-32.22 Million |
| 2022 | -59.28% | -34.40% | 0.48x | 3.62x | $-213.50 Million |
| 2023 | -60.05% | -24.12% | 0.55x | 4.49x | $-140.12 Million |
| 2024 | -82.56% | -19.10% | 0.80x | 5.41x | $-102.04 Million |
| 2025 | -82.56% | -19.10% | 0.80x | 5.41x | $-102.04 Million |
Industry Comparison
This section compares Mesa Air Group Inc's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $84,221,809,251
- Average return on equity (ROE) among peers: 148.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mesa Air Group Inc (MESA) | $-52.64 Million | 26.23% | N/A | $2.78 Million |
| American Airlines Group (AAL) | $-581.00 Million | 0.00% | 0.00x | $6.80 Billion |
| Air Canada (ACDVF) | $2.59 Billion | 24.86% | 11.05x | $2.83 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-730.83 Million | 0.00% | 0.00x | $260.71 Million |
| Air France-KLM SA (AFRAF) | $-5.42 Billion | 0.00% | 0.00x | $1.02 Billion |
| Aegean Airlines S.A (AGZNF) | $277.88 Million | 24.44% | 1.61x | $461.90 Million |
| AirAsia Group Berhad (AIABF) | $935.30 Million | 1390.41% | 6.89x | $418.10 Million |
| Air China Limited (AICAF) | $49.50 Billion | 15.10% | 2.50x | $2.97 Billion |
| Allegiant Travel Company (ALGT) | $401.72 Million | 19.56% | 0.99x | $1.25 Billion |
| Alaska Air Group Inc (ALK) | $340.50 Million | 5.05% | 2.00x | $4.48 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |