ViaSat Inc (VSAT) - Net Assets
Based on the latest financial reports, ViaSat Inc (VSAT) has net assets worth $4.63 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 ($14.91 Billion) and total liabilities ($10.28 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 VSAT cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.63 Billion |
| % of Total Assets | 31.06% |
| Annual Growth Rate | 26.4% |
| 5-Year Change | 94.56% |
| 10-Year Change | 309.42% |
| Growth Volatility | 69.75 |
ViaSat Inc - Net Assets Trend (1996–2025)
This chart illustrates how ViaSat Inc's net assets have evolved over time, based on quarterly financial data. Also explore VSAT total assets for the complete picture of this company's asset base.
Annual Net Assets for ViaSat Inc (1996–2025)
The table below shows the annual net assets of ViaSat Inc from 1996 to 2025. For live valuation and market cap data, see ViaSat Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $4.64 Billion | -8.44% |
| 2024-03-31 | $5.07 Billion | +31.39% |
| 2023-03-31 | $3.86 Billion | +43.91% |
| 2022-03-31 | $2.68 Billion | +12.37% |
| 2021-03-31 | $2.39 Billion | +16.44% |
| 2020-03-31 | $2.05 Billion | +7.00% |
| 2019-03-31 | $1.92 Billion | +3.68% |
| 2018-03-31 | $1.85 Billion | +6.33% |
| 2017-03-31 | $1.74 Billion | +53.20% |
| 2016-03-31 | $1.13 Billion | +8.69% |
| 2015-03-31 | $1.04 Billion | +10.26% |
| 2014-03-31 | $946.63 Million | +4.27% |
| 2013-03-31 | $907.84 Million | +1.75% |
| 2012-03-31 | $892.19 Million | +5.68% |
| 2011-03-31 | $844.24 Million | +11.56% |
| 2010-03-31 | $756.75 Million | +63.52% |
| 2009-03-31 | $462.79 Million | +13.87% |
| 2008-03-31 | $406.43 Million | +16.15% |
| 2007-03-31 | $349.92 Million | +32.48% |
| 2006-03-31 | $264.13 Million | +16.37% |
| 2005-03-31 | $226.98 Million | +11.78% |
| 2004-03-31 | $203.05 Million | +10.15% |
| 2003-03-31 | $184.34 Million | -4.17% |
| 2002-03-31 | $192.35 Million | +44.45% |
| 2001-03-31 | $133.16 Million | +189.49% |
| 2000-03-31 | $46.00 Million | +24.99% |
| 1999-03-31 | $36.80 Million | +24.32% |
| 1998-03-31 | $29.60 Million | +25.42% |
| 1997-03-31 | $23.60 Million | +353.85% |
| 1996-03-31 | $5.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ViaSat 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 7498.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $13.00K | 0.00% |
| Other Comprehensive Income | $-46.91 Million | -1.03% |
| Other Components | $4.93 Billion | 108.18% |
| Total Equity | $4.55 Billion | 100.00% |
ViaSat Inc Competitors by Market Cap
The table below lists competitors of ViaSat Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fertilizers and Chemicals Travancore Limited
NSE:FACT
|
$6.29 Billion |
|
Southwest Gas Holdings Inc
NYSE:SWX
|
$6.30 Billion |
|
Paycom Software, Inc.
NYSE:PAYC
|
$6.30 Billion |
|
China Resources Sanjiu Medical & Pharmaceutical Co Ltd
SHE:000999
|
$6.31 Billion |
|
Infore Environment Technology Group Co Ltd
SHE:000967
|
$6.29 Billion |
|
QUBE Holdings Ltd
AU:QUB
|
$6.29 Billion |
|
Optowide Technologies Co. Ltd. A
SHG:688195
|
$6.28 Billion |
|
Ultrapar Participações S.A
SA:UGPA3
|
$6.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ViaSat Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,025,430,000 to 4,553,831,000, a change of -471,599,000 (-9.4%).
- Net loss of 574,962,000 reduced equity.
- Share repurchases of 5,510,000 reduced equity.
- Other comprehensive income decreased equity by 25,643,000.
- Other factors increased equity by 134,516,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-574.96 Million | -12.63% |
| Share Repurchases | $5.51 Million | -0.12% |
| Other Comprehensive Income | $-25.64 Million | -0.56% |
| Other Changes | $134.52 Million | +2.95% |
| Total Change | $- | -9.38% |
Book Value vs Market Value Analysis
This analysis compares ViaSat 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: 1.86x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 143.12x to 1.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-03-31 | $0.46 | $65.12 | x |
| 1997-03-31 | $1.76 | $65.12 | x |
| 1998-03-31 | $1.81 | $65.12 | x |
| 1999-03-31 | $2.25 | $65.12 | x |
| 2000-03-31 | $2.64 | $65.12 | x |
| 2001-03-31 | $5.89 | $65.12 | x |
| 2002-03-31 | $8.01 | $65.12 | x |
| 2003-03-31 | $7.07 | $65.12 | x |
| 2004-03-31 | $7.35 | $65.12 | x |
| 2005-03-31 | $8.04 | $65.12 | x |
| 2006-03-31 | $9.07 | $65.12 | x |
| 2007-03-31 | $11.29 | $65.12 | x |
| 2008-03-31 | $12.54 | $65.12 | x |
| 2009-03-31 | $14.39 | $65.12 | x |
| 2010-03-31 | $21.61 | $65.12 | x |
| 2011-03-31 | $19.51 | $65.12 | x |
| 2012-03-31 | $20.08 | $65.12 | x |
| 2013-03-31 | $20.08 | $65.12 | x |
| 2014-03-31 | $20.36 | $65.12 | x |
| 2015-03-31 | $21.51 | $65.12 | x |
| 2016-03-31 | $22.84 | $65.12 | x |
| 2017-03-31 | $30.11 | $65.12 | x |
| 2018-03-31 | $31.19 | $65.12 | x |
| 2019-03-31 | $31.51 | $65.12 | x |
| 2020-03-31 | $32.90 | $65.12 | x |
| 2021-03-31 | $35.09 | $65.12 | x |
| 2022-03-31 | $35.89 | $65.12 | x |
| 2023-03-31 | $50.38 | $65.12 | x |
| 2024-03-31 | $42.88 | $65.12 | x |
| 2025-03-31 | $34.97 | $65.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ViaSat 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): -12.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.72%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 3.39x
- Recent ROE (-12.63%) is below the historical average (4.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 30.77% | 5.52% | 2.18x | 2.56x | $1.08 Million |
| 1997 | 13.56% | 6.71% | 1.34x | 1.51x | $840.00K |
| 1998 | 17.91% | 8.26% | 1.50x | 1.45x | $2.34 Million |
| 1999 | 17.12% | 8.81% | 1.43x | 1.36x | $2.62 Million |
| 2000 | 17.19% | 10.42% | 1.23x | 1.35x | $3.31 Million |
| 2001 | 7.73% | 6.25% | 0.97x | 1.28x | $-3.02 Million |
| 2002 | 1.12% | 1.10% | 0.82x | 1.24x | $-17.04 Million |
| 2003 | -5.24% | -5.21% | 0.78x | 1.29x | $-28.02 Million |
| 2004 | 6.50% | 4.73% | 1.02x | 1.35x | $-7.08 Million |
| 2005 | 8.51% | 5.57% | 1.15x | 1.33x | $-3.36 Million |
| 2006 | 8.93% | 5.42% | 1.19x | 1.39x | $-2.81 Million |
| 2007 | 8.65% | 5.84% | 1.07x | 1.39x | $-4.71 Million |
| 2008 | 8.29% | 5.83% | 1.04x | 1.36x | $-6.90 Million |
| 2009 | 8.36% | 6.10% | 1.01x | 1.36x | $-7.54 Million |
| 2010 | 4.13% | 4.53% | 0.53x | 1.72x | $-44.16 Million |
| 2011 | 4.30% | 4.50% | 0.57x | 1.67x | $-47.90 Million |
| 2012 | 0.84% | 0.87% | 0.50x | 1.95x | $-81.30 Million |
| 2013 | -4.56% | -3.68% | 0.62x | 1.99x | $-131.47 Million |
| 2014 | -1.00% | -0.70% | 0.69x | 2.08x | $-103.55 Million |
| 2015 | 3.89% | 2.92% | 0.64x | 2.08x | $-63.50 Million |
| 2016 | 1.93% | 1.53% | 0.59x | 2.13x | $-91.17 Million |
| 2017 | 1.37% | 1.52% | 0.53x | 1.70x | $-149.69 Million |
| 2018 | -3.66% | -4.22% | 0.47x | 1.86x | $-251.02 Million |
| 2019 | -3.54% | -3.27% | 0.53x | 2.05x | $-258.40 Million |
| 2020 | -0.01% | -0.01% | 0.47x | 2.41x | $-202.99 Million |
| 2021 | 0.16% | 0.19% | 0.36x | 2.27x | $-231.46 Million |
| 2022 | -0.59% | -0.64% | 0.38x | 2.43x | $-278.92 Million |
| 2023 | 28.37% | 42.44% | 0.33x | 2.02x | $702.38 Million |
| 2024 | -21.27% | -24.95% | 0.26x | 3.25x | $-1.57 Billion |
| 2025 | -12.63% | -12.72% | 0.29x | 3.39x | $-1.03 Billion |
Industry Comparison
This section compares ViaSat Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $311,445,724
- Average return on equity (ROE) among peers: -46.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ViaSat Inc (VSAT) | $4.63 Billion | 30.77% | 2.22x | $6.29 Billion |
| Applied Opt (AAOI) | $227.38 Million | 13.74% | 0.42x | $2.97 Billion |
| ADTRAN Inc (ADTN) | $493.82 Million | 12.46% | 0.20x | $829.20 Million |
| Airgain Inc (AIRG) | $46.22 Million | 2.47% | 0.22x | $58.36 Million |
| Akoustis Technologies, Inc. (AKTSQ) | $86.24 Million | -73.70% | 0.73x | $138.60K |
| Amplitech Group Inc (AMPG) | $-538.74K | 0.00% | 0.00x | $51.62 Million |
| Actelis Networks Inc. (ASNS) | $3.27 Million | -336.36% | 3.54x | $725.26K |
| Ast Spacemobile Inc (ASTS) | $669.15 Million | -44.85% | 0.43x | $19.68 Billion |
| Aviat Networks Inc (AVNW) | $177.70 Million | -50.93% | 1.16x | $274.17 Million |
| Belden Inc (BDC) | $1.39 Billion | 11.60% | 1.72x | $4.49 Billion |
| BK Technologies Inc (BKTI) | $23.63 Million | 0.82% | 0.63x | $295.52 Million |
About ViaSat Inc
Viasat, Inc. provides broadband and communications products and services in the United States and internationally. It operates through Communication Services; and Defense and Advanced Technologies segments. The company offers satellite-based broadband and narrowband communications solutions; broadband services, including broadband internet access and voice over internet protocol; fixed and mobile… Read more