Aspen Aerogels Inc (ASPN) - Net Assets
Based on the latest financial reports, Aspen Aerogels Inc (ASPN) has net assets worth $192.46 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($392.94 Million) and total liabilities ($200.47 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 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $192.46 Million |
| % of Total Assets | 48.98% |
| Annual Growth Rate | 25.58% |
| 5-Year Change | 83.41% |
| 10-Year Change | 103.8% |
| Growth Volatility | 304.85 |
Aspen Aerogels Inc - Net Assets Trend (2009–2025)
This chart illustrates how Aspen Aerogels Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Aspen Aerogels Inc (ASPN) total market value.
Annual Net Assets for Aspen Aerogels Inc (2009–2025)
The table below shows the annual net assets of Aspen Aerogels Inc from 2009 to 2025. Also explore Aspen Aerogels Inc (ASPN) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $235.52 Million | -61.69% |
| 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 86351400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.29 Billion | 545.73% |
| Total Equity | $235.52 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 |
|---|---|
|
Kec Corporation
KO:092220
|
$407.48 Million |
|
BTQ Technologies Corp.
NEO:BTQ
|
$407.50 Million |
|
Gladstone Land Corporation
NASDAQ:LAND
|
$407.86 Million |
|
Whitefield Industrials Ltd
AU:WHF
|
$407.88 Million |
|
Eaton Vance Municipal Income Closed Fund
NYSE:EVN
|
$407.45 Million |
|
Hota Industrial Mfg. Co Ltd
TW:1536
|
$407.36 Million |
|
C4 Therapeutics Inc
NASDAQ:CCCC
|
$407.21 Million |
|
Kamada
TA:KMDA
|
$407.17 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 2024 to 2025, total equity changed from 614,705,000 to 235,518,000, a change of -379,187,000 (-61.7%).
- Net loss of 389,552,000 reduced equity.
- Other factors increased equity by 10,365,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-389.55 Million | -165.4% |
| Other Changes | $10.37 Million | +4.4% |
| Total Change | $- | -61.69% |
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: 1.92x
- 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 13.75x to 1.92x 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 | $5.48 | x |
| 2010-12-31 | $-3.76 | $5.48 | x |
| 2012-12-31 | $-2.24 | $5.48 | x |
| 2013-12-31 | $-2.69 | $5.48 | x |
| 2014-12-31 | $10.02 | $5.48 | x |
| 2015-12-31 | $5.33 | $5.48 | x |
| 2016-12-31 | $4.99 | $5.48 | x |
| 2017-12-31 | $4.32 | $5.48 | x |
| 2018-12-31 | $2.96 | $5.48 | x |
| 2019-12-31 | $2.45 | $5.48 | x |
| 2020-12-31 | $2.57 | $5.48 | x |
| 2021-12-31 | $4.22 | $5.48 | x |
| 2022-12-31 | $11.37 | $5.48 | x |
| 2023-12-31 | $7.03 | $5.48 | x |
| 2024-12-31 | $7.65 | $5.48 | x |
| 2025-12-31 | $2.85 | $5.48 | 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): -165.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -143.69%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.73x
- Recent ROE (-165.40%) is below the historical average (-41.78%), suggesting potential challenges in 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 |
| 2025 | -165.40% | -143.69% | 0.67x | 1.73x | $-413.10 Million |
Industry Comparison
This section compares Aspen Aerogels Inc's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,305,167,583
- Average return on equity (ROE) among peers: -32.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aspen Aerogels Inc (ASPN) | $192.46 Million | -302.93% | 1.04x | $407.47 Million |
| Albemarle Corp (ALB) | $569.74 Million | 12.82% | 1.09x | $13.77 Billion |
| Alto Ingredients Inc (ALTO) | $392.81 Million | -0.04% | 0.16x | $296.31 Million |
| Aemetis Inc (AMTX) | $4.99 Million | -317.11% | 3.71x | $145.06 Million |
| Air Products and Chemicals Inc (APD) | $4.93 Billion | 12.81% | 1.64x | $62.29 Billion |
| Ashland Global Holdings Inc (ASH) | $3.41 Billion | 3.35% | 1.42x | $3.19 Billion |
| ASP Isotopes Inc. Common Stock (ASPI) | $51.17 Million | -63.19% | 0.84x | $487.52 Million |
| Avient Corp (AVNT) | $978.50 Million | 24.92% | 1.99x | $3.38 Billion |
| Axalta Coating Systems Ltd (AXTA) | $1.41 Billion | 17.66% | 3.84x | $6.23 Billion |
| Balchem Corporation (BCPC) | $3.70 Million | 16.22% | 0.62x | $5.17 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 through two segments: Thermal Barrier and Energy Industrial. The company offers PyroThin aerogel t… Read more