Ultralife Corporation (ULBI) - Net Assets
Based on the latest financial reports, Ultralife Corporation (ULBI) has net assets worth $129.75 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($220.63 Million) and total liabilities ($90.89 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 tangible net worth ratio of Ultralife Corporation to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $129.75 Million |
| % of Total Assets | 58.81% |
| Annual Growth Rate | 4.97% |
| 5-Year Change | 10.52% |
| 10-Year Change | 91.77% |
| Growth Volatility | 31.83 |
Ultralife Corporation - Net Assets Trend (1991–2025)
This chart illustrates how Ultralife Corporation's net assets have evolved over time, based on quarterly financial data. See Ultralife Corporation liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ultralife Corporation (1991–2025)
The table below shows the annual net assets of Ultralife Corporation from 1991 to 2025. For live valuation and market cap data, see Ultralife Corporation (ULBI) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $130.13 Million | -3.02% |
| 2024-12-31 | $134.19 Million | +6.98% |
| 2023-12-31 | $125.43 Million | +7.75% |
| 2022-12-31 | $116.40 Million | -1.14% |
| 2021-12-31 | $117.74 Million | +0.70% |
| 2020-12-31 | $116.92 Million | +6.54% |
| 2019-12-31 | $109.75 Million | +4.99% |
| 2018-12-31 | $104.53 Million | +32.24% |
| 2017-12-31 | $79.05 Million | +16.49% |
| 2016-12-31 | $67.86 Million | +2.72% |
| 2015-12-31 | $66.06 Million | -8.14% |
| 2014-12-31 | $71.91 Million | -2.35% |
| 2013-12-31 | $73.64 Million | +0.26% |
| 2012-12-31 | $73.45 Million | +0.31% |
| 2011-12-31 | $73.23 Million | -0.77% |
| 2010-12-31 | $73.80 Million | -5.53% |
| 2009-12-31 | $78.11 Million | -11.39% |
| 2008-12-31 | $88.15 Million | +39.91% |
| 2007-12-31 | $63.01 Million | +59.15% |
| 2006-12-31 | $39.59 Million | -36.26% |
| 2005-12-31 | $62.11 Million | -2.39% |
| 2004-12-31 | $63.62 Million | +84.80% |
| 2003-12-31 | $34.43 Million | +62.68% |
| 2002-12-31 | $21.16 Million | -42.73% |
| 2001-12-31 | $36.95 Million | -19.78% |
| 2000-12-31 | $46.07 Million | -22.05% |
| 1999-12-31 | $59.10 Million | -8.51% |
| 1998-12-31 | $64.60 Million | +48.85% |
| 1997-12-31 | $43.40 Million | -23.05% |
| 1996-12-31 | $56.40 Million | 0.00% |
| 1995-12-31 | $56.40 Million | -2.76% |
| 1994-12-31 | $58.00 Million | +110.14% |
| 1993-12-31 | $27.60 Million | +1.85% |
| 1992-12-31 | $27.10 Million | +8.40% |
| 1991-12-31 | $25.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ultralife Corporation'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 3744000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.11 Million | 1.62% |
| Other Comprehensive Income | $-3.14 Million | -2.42% |
| Other Components | $171.37 Million | 131.83% |
| Total Equity | $130.00 Million | 100.00% |
Ultralife Corporation Competitors by Market Cap
The table below lists competitors of Ultralife Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nien Hsing Textile Co Ltd
TW:1451
|
$104.80 Million |
|
ReFuels N.V.
OL:REFL
|
$104.89 Million |
|
Donegal Group B Inc
NASDAQ:DGICB
|
$104.90 Million |
|
Carnaby Resources Ltd
AU:CNB
|
$104.93 Million |
|
Hillevax Inc
NASDAQ:HLVX
|
$104.76 Million |
|
Horizon Minerals Ltd
AU:HRZ
|
$104.69 Million |
|
Kortek Corporation
KQ:052330
|
$104.69 Million |
|
Aspen Group Ltd
TA:ASGR
|
$104.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ultralife Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 133,995,000 to 129,995,000, a change of -4,000,000 (-3.0%).
- Net loss of 5,898,000 reduced equity.
- Other comprehensive income increased equity by 864,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.90 Million | -4.54% |
| Other Comprehensive Income | $865.00K | +0.67% |
| Other Changes | $1.03 Million | +0.79% |
| Total Change | $- | -2.99% |
Book Value vs Market Value Analysis
This analysis compares Ultralife Corporation'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: 0.81x
- 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 increased from 0.68x to 0.81x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $9.26 | $6.29 | x |
| 1992-12-31 | $6.78 | $6.29 | x |
| 1993-12-31 | $5.07 | $6.29 | x |
| 1994-12-31 | $8.53 | $6.29 | x |
| 1995-12-31 | $7.05 | $6.29 | x |
| 1996-12-31 | $7.23 | $6.29 | x |
| 1997-12-31 | $5.48 | $6.29 | x |
| 1998-12-31 | $7.75 | $6.29 | x |
| 1999-12-31 | $5.64 | $6.29 | x |
| 2000-12-31 | $4.22 | $6.29 | x |
| 2001-12-31 | $3.32 | $6.29 | x |
| 2002-12-31 | $1.71 | $6.29 | x |
| 2003-12-31 | $2.47 | $6.29 | x |
| 2004-12-31 | $4.22 | $6.29 | x |
| 2005-12-31 | $4.27 | $6.29 | x |
| 2006-12-31 | $2.66 | $6.29 | x |
| 2007-12-31 | $4.05 | $6.29 | x |
| 2008-12-31 | $4.98 | $6.29 | x |
| 2009-12-31 | $4.59 | $6.29 | x |
| 2010-12-31 | $4.30 | $6.29 | x |
| 2011-12-31 | $4.22 | $6.29 | x |
| 2012-12-31 | $4.22 | $6.29 | x |
| 2013-12-31 | $4.22 | $6.29 | x |
| 2014-12-31 | $4.12 | $6.29 | x |
| 2015-12-31 | $4.03 | $6.29 | x |
| 2016-12-31 | $4.42 | $6.29 | x |
| 2017-12-31 | $4.99 | $6.29 | x |
| 2018-12-31 | $6.40 | $6.29 | x |
| 2019-12-31 | $6.78 | $6.29 | x |
| 2020-12-31 | $7.26 | $6.29 | x |
| 2021-12-31 | $7.33 | $6.29 | x |
| 2022-12-31 | $7.21 | $6.29 | x |
| 2023-12-31 | $7.72 | $6.29 | x |
| 2024-12-31 | $7.99 | $6.29 | x |
| 2025-12-31 | $7.81 | $6.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ultralife Corporation 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): -4.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.09%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.67x
- Recent ROE (-4.54%) is above the historical average (-6.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | -6.80% | -113.33% | 0.05x | 1.14x | $-4.20 Million |
| 1992 | -2.95% | -20.51% | 0.13x | 1.11x | $-3.51 Million |
| 1993 | -11.23% | -58.49% | 0.18x | 1.09x | $-5.86 Million |
| 1994 | -5.86% | -23.29% | 0.23x | 1.08x | $-9.20 Million |
| 1995 | -5.67% | -21.19% | 0.25x | 1.07x | $-8.84 Million |
| 1996 | -5.67% | -21.19% | 0.25x | 1.07x | $-8.84 Million |
| 1997 | -16.59% | -45.28% | 0.32x | 1.15x | $-11.54 Million |
| 1998 | -10.84% | -42.68% | 0.23x | 1.09x | $-13.46 Million |
| 1999 | -12.01% | -33.65% | 0.32x | 1.10x | $-13.01 Million |
| 2000 | -22.23% | -41.78% | 0.44x | 1.22x | $-14.85 Million |
| 2001 | -46.71% | -71.44% | 0.52x | 1.25x | $-20.96 Million |
| 2002 | -118.99% | -77.45% | 1.08x | 1.42x | $-27.30 Million |
| 2003 | 18.72% | 8.11% | 1.52x | 1.52x | $3.00 Million |
| 2004 | 35.10% | 22.75% | 1.21x | 1.28x | $15.97 Million |
| 2005 | -7.00% | -6.16% | 0.87x | 1.30x | $-10.56 Million |
| 2006 | -69.43% | -29.38% | 0.96x | 2.47x | $-31.45 Million |
| 2007 | 8.86% | 4.06% | 1.13x | 1.94x | $-717.70K |
| 2008 | 15.50% | 5.36% | 1.97x | 1.47x | $4.85 Million |
| 2009 | -11.84% | -5.37% | 1.31x | 1.68x | $-17.05 Million |
| 2010 | -8.38% | -3.46% | 1.56x | 1.56x | $-13.56 Million |
| 2011 | -2.84% | -1.49% | 1.38x | 1.38x | $-9.40 Million |
| 2012 | -2.18% | -1.57% | 1.04x | 1.33x | $-8.94 Million |
| 2013 | -1.26% | -1.17% | 0.87x | 1.22x | $-8.30 Million |
| 2014 | -2.94% | -3.18% | 0.76x | 1.22x | $-9.32 Million |
| 2015 | 4.33% | 3.75% | 0.94x | 1.23x | $-3.75 Million |
| 2016 | 5.16% | 4.26% | 0.97x | 1.25x | $-3.29 Million |
| 2017 | 9.66% | 8.94% | 0.88x | 1.23x | $-272.30K |
| 2018 | 23.83% | 28.59% | 0.73x | 1.15x | $14.47 Million |
| 2019 | 4.74% | 4.87% | 0.74x | 1.32x | $-5.77 Million |
| 2020 | 4.48% | 4.86% | 0.78x | 1.18x | $-6.45 Million |
| 2021 | -0.20% | -0.24% | 0.62x | 1.36x | $-12.00 Million |
| 2022 | -0.10% | -0.09% | 0.78x | 1.45x | $-11.75 Million |
| 2023 | 5.74% | 4.54% | 0.89x | 1.42x | $-5.34 Million |
| 2024 | 4.71% | 3.84% | 0.75x | 1.65x | $-7.09 Million |
| 2025 | -4.54% | -3.09% | 0.88x | 1.67x | $-18.90 Million |
Industry Comparison
This section compares Ultralife Corporation's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $435,110,257
- Average return on equity (ROE) among peers: -149.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ultralife Corporation (ULBI) | $129.75 Million | -6.80% | 0.70x | $104.77 Million |
| Advent Technologies Holdings Inc (ADN) | $13.45 Million | -530.91% | 1.58x | $1.38 Million |
| Ads Tec Energy PLC (ADSE) | $1.69 Million | -712.54% | 36.25x | $843.77 Million |
| Advanced Energy Industries Inc (AEIS) | $387.63 Million | 5.31% | 0.39x | $13.44 Billion |
| Amprius Technologies Inc. (AMPX) | $13.86 Million | -71.41% | 0.34x | $2.12 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $209.32 Million | -1.26% | 0.86x | $56.90 Million |
| Atkore International Group Inc (ATKR) | $552.00 Million | -0.36% | 1.41x | $2.52 Billion |
| Acuity Brands Inc (AYI) | $2.38 Billion | 17.77% | 0.60x | $8.75 Billion |
| Bloom Energy Corp (BE) | $792.96 Million | -11.15% | 4.54x | $74.98 Billion |
| CBAK Energy Technology Inc (CBAT) | $2.97K | -213.11% | 1.54x | $59.22 Million |
| CCSC Technology International Holdings Limited Ordinary Shares (CCTG) | $1.39 Million | 20.24% | 0.55x | $2.20 Million |
About Ultralife Corporation
Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeabl… Read more