Xos Inc
Xos, Inc. designs, manufactures, and sells battery-electric commercial vehicles. The company provides class 5-6 medium duty rolling chassis, such as commercial stepvans and armored trucks, as well as engages in the Xos product development. It offers Xos provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment, and specialty vehicles, such as school buses, m… Read more
Xos Inc (XOS) - Net Assets
Latest net assets as of September 2025: $31.06 Million USD
Based on the latest financial reports, Xos Inc (XOS) has net assets worth $31.06 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 ($73.81 Million) and total liabilities ($42.75 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 | $31.06 Million |
| % of Total Assets | 42.08% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.27 |
Xos Inc - Net Assets Trend (2018–2024)
This chart illustrates how Xos 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 Xos Inc (2018–2024)
The table below shows the annual net assets of Xos Inc from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $33.61 Million | -25.64% |
| 2023-12-31 | $45.20 Million | -59.67% |
| 2022-12-31 | $112.08 Million | -35.73% |
| 2021-12-31 | $174.39 Million | +741.22% |
| 2020-12-31 | $-27.20 Million | -158.18% |
| 2019-12-31 | $-10.53 Million | -78.85% |
| 2018-12-31 | $-5.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xos 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 19752600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.00K | 0.00% |
| Other Components | $237.03 Million | 705.23% |
| Total Equity | $33.61 Million | 100.00% |
Xos Inc Competitors by Market Cap
The table below lists competitors of Xos Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Major Cineplex Lifestyle Leasehold Property Fund
BK:MJLF
|
$14.64 Million |
|
Seoyon Topmetal Co. Ltd
KQ:019770
|
$14.64 Million |
|
Kinetiko Energy Ltd
AU:KKO
|
$14.64 Million |
|
HOPSCOTCH GROUPE SA EO-75
F:4Z2
|
$14.65 Million |
|
Delta Djakarta Tbk
JK:DLTA
|
$14.64 Million |
|
Adisyn Ltd
AU:AI1
|
$14.64 Million |
|
Interlink Electronics Inc
NASDAQ:LINK
|
$14.63 Million |
|
MAXST Co Ltd
KQ:377030
|
$14.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xos Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 45,196,000 to 33,610,000, a change of -11,586,000 (-25.6%).
- Net loss of 50,159,000 reduced equity.
- Share repurchases of 47,000 reduced equity.
- New share issuances of 47,000 increased equity.
- Other factors increased equity by 38,573,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-50.16 Million | -149.24% |
| Share Repurchases | $47.00K | -0.14% |
| Share Issuances | $47.00K | +0.14% |
| Other Changes | $38.57 Million | +114.77% |
| Total Change | $- | -25.64% |
Book Value vs Market Value Analysis
This analysis compares Xos 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: 0.44x
- 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 |
|---|---|---|---|
| 2018-12-31 | $-7.48 | $1.97 | x |
| 2019-12-31 | $-8.90 | $1.97 | x |
| 2020-12-31 | $-11.33 | $1.97 | x |
| 2021-12-31 | $48.54 | $1.97 | x |
| 2022-12-31 | $19.28 | $1.97 | x |
| 2023-12-31 | $7.81 | $1.97 | x |
| 2024-12-31 | $4.48 | $1.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xos 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): -149.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -89.63%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 2.93x
- Recent ROE (-149.24%) is below the historical average (-52.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -1281.82% | 0.15x | 0.00x | $-3.36 Million |
| 2019 | 0.00% | -430.08% | 0.42x | 0.00x | $-3.88 Million |
| 2020 | 0.00% | -631.09% | 0.19x | 0.00x | $-13.95 Million |
| 2021 | 13.42% | 463.57% | 0.02x | 1.31x | $5.96 Million |
| 2022 | -65.42% | -201.58% | 0.19x | 1.69x | $-84.53 Million |
| 2023 | -167.81% | -170.35% | 0.48x | 2.07x | $-80.36 Million |
| 2024 | -149.24% | -89.63% | 0.57x | 2.93x | $-53.52 Million |
Industry Comparison
This section compares Xos Inc's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $169,430,804
- Average return on equity (ROE) among peers: 14.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xos Inc (XOS) | $31.06 Million | 0.00% | 1.38x | $14.64 Million |
| Aebi Schmidt Holding AG - Common Stock (AEBI) | $365.18 Million | 8.40% | 1.98x | $470.86 Million |
| AGCO Corporation (AGCO) | $588.90 Million | 21.92% | 2.67x | $6.89 Billion |
| Agrify Corp (AGFY) | $-1.76 Million | 0.00% | 0.00x | $58.43 Million |
| Ag Growth International Inc (AGGZF) | $110.96 Million | 17.16% | 0.53x | $363.58 Million |
| Alamo Group Inc (ALG) | $360.47 Million | 11.99% | 0.67x | $2.00 Billion |
| AmeraMex International Inc (AMMX) | $3.28 Million | 49.75% | 2.29x | $1.43 Million |
| Arts-Way Manufacturing Co Inc (ARTW) | $10.35 Million | 2.05% | 1.01x | $4.59 Million |
| Astec Industries Inc (ASTE) | $191.83 Million | 10.53% | 0.69x | $1.19 Billion |
| Austin Engineering Limited (AUSTF) | $6.69 Million | 17.78% | 2.71x | $116.99 Million |
| Buhler Industries Inc (BIIAF) | $58.40 Million | 9.93% | 0.28x | $1.51 Million |