Aspen Aerogels Inc (ASPN) - Net Assets
Based on the latest financial reports, Aspen Aerogels Inc (ASPN) has net assets worth $305.73 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 ($491.39 Million) and total liabilities ($185.66 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 ASPN financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $305.73 Million |
| % of Total Assets | 62.22% |
| Annual Growth Rate | 35.92% |
| 5-Year Change | 805.95% |
| 10-Year Change | 401.91% |
| Growth Volatility | 318.4 |
Aspen Aerogels Inc - Net Assets Trend (2009–2024)
This chart illustrates how Aspen Aerogels Inc's net assets have evolved over time, based on quarterly financial data. Also explore ASPN total assets for the complete picture of this company's asset base.
Annual Net Assets for Aspen Aerogels Inc (2009–2024)
The table below shows the annual net assets of Aspen Aerogels Inc from 2009 to 2024. For live valuation and market cap data, see Aspen Aerogels Inc (ASPN) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $614.71 Million | +25.95% |
| 2023-12-31 | $488.06 Million | +9.08% |
| 2022-12-31 | $447.44 Million | +248.45% |
| 2021-12-31 | $128.41 Million | +89.25% |
| 2020-12-31 | $67.85 Million | +15.02% |
| 2019-12-31 | $58.99 Million | -16.03% |
| 2018-12-31 | $70.25 Million | -30.40% |
| 2017-12-31 | $100.94 Million | -12.65% |
| 2016-12-31 | $115.56 Million | -5.64% |
| 2015-12-31 | $122.47 Million | -1.00% |
| 2014-12-31 | $123.72 Million | +299.65% |
| 2013-12-31 | $-61.97 Million | -79.38% |
| 2012-12-31 | $-34.55 Million | +40.55% |
| 2010-12-31 | $-58.10 Million | -1044.30% |
| 2009-12-31 | $6.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aspen Aerogels 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 47396200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.27 Billion | 207.41% |
| Total Equity | $614.71 Million | 100.00% |
Aspen Aerogels Inc Competitors by Market Cap
The table below lists competitors of Aspen Aerogels Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank Of India Indonesia Tbk
JK:BSWD
|
$291.81 Million |
|
Promotora Ambiental S.A.B. de C.V
MX:PASAB
|
$291.82 Million |
|
High Liner Foods Incorporated
TO:HLF
|
$291.82 Million |
|
CARYSIL LIMITED
NSE:CARYSIL
|
$291.89 Million |
|
Evolus Inc
NASDAQ:EOLS
|
$291.69 Million |
|
Cheil Electric Wiring Devices Co. Ltd.
KQ:199820
|
$291.38 Million |
|
LENZ Therapeutics Inc
NASDAQ:LENZ
|
$291.28 Million |
|
Cosmo Electronics Corp
TW:2466
|
$291.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aspen Aerogels Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 488,055,000 to 614,705,000, a change of 126,650,000 (25.9%).
- Net income of 13,375,000 contributed positively to equity growth.
- New share issuances of 93,840,000 increased equity.
- Other factors increased equity by 19,435,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $13.38 Million | +2.18% |
| Share Issuances | $93.84 Million | +15.27% |
| Other Changes | $19.43 Million | +3.16% |
| Total Change | $- | 25.95% |
Book Value vs Market Value Analysis
This analysis compares Aspen Aerogels 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: 0.54x
- 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 decreased from 10.34x to 0.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $0.40 | $4.12 | x |
| 2010-12-31 | $-3.76 | $4.12 | x |
| 2012-12-31 | $-2.24 | $4.12 | x |
| 2013-12-31 | $-2.69 | $4.12 | x |
| 2014-12-31 | $10.02 | $4.12 | x |
| 2015-12-31 | $5.33 | $4.12 | x |
| 2016-12-31 | $4.99 | $4.12 | x |
| 2017-12-31 | $4.32 | $4.12 | x |
| 2018-12-31 | $2.96 | $4.12 | x |
| 2019-12-31 | $2.45 | $4.12 | x |
| 2020-12-31 | $2.57 | $4.12 | x |
| 2021-12-31 | $4.22 | $4.12 | x |
| 2022-12-31 | $11.37 | $4.12 | x |
| 2023-12-31 | $7.03 | $4.12 | x |
| 2024-12-31 | $7.65 | $4.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aspen Aerogels 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): 2.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.95%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.46x
- Recent ROE (2.18%) is above the historical average (-33.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -302.93% | -65.13% | 0.44x | 10.52x | $-19.25 Million |
| 2010 | 0.00% | -22.94% | 0.49x | 0.00x | $-4.10 Million |
| 2012 | 0.00% | -88.48% | 0.67x | 0.00x | $-52.69 Million |
| 2013 | 0.00% | -55.30% | 0.95x | 0.00x | $-41.41 Million |
| 2014 | -53.61% | -64.77% | 0.71x | 1.17x | $-78.70 Million |
| 2015 | -5.24% | -5.24% | 0.87x | 1.14x | $-18.66 Million |
| 2016 | -10.40% | -10.21% | 0.87x | 1.17x | $-23.58 Million |
| 2017 | -19.14% | -17.31% | 0.90x | 1.23x | $-29.42 Million |
| 2018 | -49.02% | -33.00% | 1.05x | 1.41x | $-41.47 Million |
| 2019 | -8.07% | -3.41% | 1.35x | 1.75x | $-10.66 Million |
| 2020 | -17.47% | -11.82% | 1.03x | 1.44x | $-18.64 Million |
| 2021 | -21.71% | -22.93% | 0.66x | 1.42x | $-40.72 Million |
| 2022 | -8.29% | -30.50% | 0.19x | 1.44x | $-81.84 Million |
| 2023 | -9.39% | -19.19% | 0.34x | 1.44x | $-94.62 Million |
| 2024 | 2.18% | 2.95% | 0.51x | 1.46x | $-48.10 Million |
Industry Comparison
This section compares Aspen Aerogels Inc's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $313,126,257
- Average return on equity (ROE) among peers: -29.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aspen Aerogels Inc (ASPN) | $305.73 Million | -302.93% | 0.61x | $291.74 Million |
| AAON Inc (AAON) | $290.14 Million | 18.51% | 0.28x | $7.43 Billion |
| Antelope Enterprise Holdings Ltd (AEHL) | $772.45 Million | -41.66% | 0.21x | $602.27K |
| Montana Technologies Corporation (AIRJ) | $282.06 Million | -0.82% | 0.04x | $218.85 Million |
| Apogee Enterprises Inc (APOG) | $112.30 Million | 4.01% | 1.24x | $783.61 Million |
| Alpha Pro Tech Ltd (APT) | $3.85 Million | -55.71% | 0.94x | $44.96 Million |
| Arlo Technologies (ARLO) | $133.77 Million | -75.69% | 2.09x | $1.44 Billion |
| Armstrong World Industries Inc (AWI) | $719.10 Million | 18.25% | 2.97x | $7.17 Billion |
| Azek Company Inc (AZEK) | $456.37 Million | -14.77% | 2.45x | $7.82 Billion |
| Builders FirstSource Inc (BLDR) | $48.10 Million | -118.21% | 10.45x | $8.85 Billion |
About Aspen Aerogels Inc
Aspen Aerogels, Inc., an aerogel technology company, designs, develops, manufactures, and sells aerogel materials primarily for use in the energy industrial, sustainable insulation materials, and electric vehicle (EV) markets in the United States, Canada, Asia, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier. The company offers PyroThin aerogel therma… Read more