Deluxe Corporation (DLX) - Net Assets
Based on the latest financial reports, Deluxe Corporation (DLX) has net assets worth $696.80 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 ($2.56 Billion) and total liabilities ($1.86 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 Deluxe Corporation (DLX) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $696.80 Million |
| % of Total Assets | 27.26% |
| Annual Growth Rate | 1.65% |
| 5-Year Change | 18.47% |
| 10-Year Change | -22.74% |
| Growth Volatility | 99.36 |
Deluxe Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Deluxe Corporation's net assets have evolved over time, based on quarterly financial data. Also explore DLX asset base for the complete picture of this company's asset base.
Annual Net Assets for Deluxe Corporation (1985–2025)
The table below shows the annual net assets of Deluxe Corporation from 1985 to 2025. For live valuation and market cap data, see Deluxe Corporation market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $680.70 Million | +9.63% |
| 2024-12-31 | $620.92 Million | +2.70% |
| 2023-12-31 | $604.62 Million | +0.06% |
| 2022-12-31 | $604.22 Million | +5.16% |
| 2021-12-31 | $574.60 Million | +11.92% |
| 2020-12-31 | $513.39 Million | -10.07% |
| 2019-12-31 | $570.86 Million | -38.06% |
| 2018-12-31 | $921.70 Million | -9.19% |
| 2017-12-31 | $1.01 Billion | +15.21% |
| 2016-12-31 | $881.00 Million | +18.24% |
| 2015-12-31 | $745.10 Million | +15.07% |
| 2014-12-31 | $647.50 Million | +17.62% |
| 2013-12-31 | $550.50 Million | +27.17% |
| 2012-12-31 | $432.90 Million | +43.01% |
| 2011-12-31 | $302.70 Million | +33.82% |
| 2010-12-31 | $226.20 Million | +93.00% |
| 2009-12-31 | $117.20 Million | +120.72% |
| 2008-12-31 | $53.10 Million | +29.18% |
| 2007-12-31 | $41.11 Million | +162.59% |
| 2006-12-31 | $-65.67 Million | +19.94% |
| 2005-12-31 | $-82.03 Million | +54.04% |
| 2004-12-31 | $-178.49 Million | +40.12% |
| 2003-12-31 | $-298.08 Million | -563.47% |
| 2002-12-31 | $64.32 Million | -18.18% |
| 2001-12-31 | $78.61 Million | -70.09% |
| 2000-12-31 | $262.81 Million | -37.02% |
| 1999-12-31 | $417.30 Million | -31.47% |
| 1998-12-31 | $608.90 Million | -0.21% |
| 1997-12-31 | $610.20 Million | -14.41% |
| 1996-12-31 | $712.90 Million | -8.65% |
| 1995-12-31 | $780.40 Million | -4.17% |
| 1994-12-31 | $814.40 Million | +1.65% |
| 1993-12-31 | $801.20 Million | -3.45% |
| 1992-12-31 | $829.80 Million | +10.94% |
| 1991-12-31 | $748.00 Million | +10.68% |
| 1990-12-31 | $675.80 Million | +7.17% |
| 1989-12-31 | $630.60 Million | +11.08% |
| 1988-12-31 | $567.70 Million | +15.67% |
| 1987-12-31 | $490.80 Million | +18.81% |
| 1986-12-31 | $413.10 Million | +16.66% |
| 1985-12-31 | $354.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Deluxe 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 grown by 65.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $515.90 Million | 75.45% |
| Common Stock | $45.00 Million | 6.58% |
| Other Comprehensive Income | $-18.50 Million | -2.71% |
| Other Components | $141.40 Million | 20.68% |
| Total Equity | $683.80 Million | 100.00% |
Deluxe Corporation Competitors by Market Cap
The table below lists competitors of Deluxe Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Instalco Intressenter AB
ST:INSTAL
|
$1.11 Billion |
|
Tarkett SA
PA:TKTT
|
$1.11 Billion |
|
Altus Group Limited
TO:AIF
|
$1.11 Billion |
|
Guoguang Electric Co Ltd Chengdu
SHG:688776
|
$1.11 Billion |
|
Johnson Health Tech Co Ltd
TW:1736
|
$1.11 Billion |
|
SMA SOLAR T. UNSP.ADR/01
F:S93
|
$1.11 Billion |
|
Rush Enterprises B Inc
NASDAQ:RUSHB
|
$1.11 Billion |
|
Porch Group Inc
NASDAQ:PRCH
|
$1.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Deluxe Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 620,752,000 to 683,800,000, a change of 63,048,000 (10.2%).
- Net income of 85,200,000 contributed positively to equity growth.
- Dividend payments of 55,200,000 reduced retained earnings.
- Other comprehensive income increased equity by 11,416,000.
- Other factors increased equity by 21,632,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $85.20 Million | +12.46% |
| Dividends Paid | $55.20 Million | -8.07% |
| Other Comprehensive Income | $11.42 Million | +1.67% |
| Other Changes | $21.63 Million | +3.16% |
| Total Change | $- | 10.16% |
Book Value vs Market Value Analysis
This analysis compares Deluxe 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: 1.62x
- 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 5.87x to 1.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $4.15 | $24.32 | x |
| 1986-12-31 | $4.84 | $24.32 | x |
| 1987-12-31 | $5.75 | $24.32 | x |
| 1988-12-31 | $6.65 | $24.32 | x |
| 1989-12-31 | $7.40 | $24.32 | x |
| 1990-12-31 | $7.97 | $24.32 | x |
| 1991-12-31 | $8.92 | $24.32 | x |
| 1992-12-31 | $9.86 | $24.32 | x |
| 1993-12-31 | $9.66 | $24.32 | x |
| 1994-12-31 | $9.85 | $24.32 | x |
| 1995-12-31 | $9.49 | $24.32 | x |
| 1996-12-31 | $8.60 | $24.32 | x |
| 1997-12-31 | $7.51 | $24.32 | x |
| 1998-12-31 | $7.53 | $24.32 | x |
| 1999-12-31 | $5.42 | $24.32 | x |
| 2000-12-31 | $3.64 | $24.32 | x |
| 2001-12-31 | $1.14 | $24.32 | x |
| 2002-12-31 | $1.01 | $24.32 | x |
| 2003-12-31 | $-5.40 | $24.32 | x |
| 2004-12-31 | $-3.53 | $24.32 | x |
| 2005-12-31 | $-1.61 | $24.32 | x |
| 2006-12-31 | $-1.28 | $24.32 | x |
| 2007-12-31 | $0.79 | $24.32 | x |
| 2008-12-31 | $1.03 | $24.32 | x |
| 2009-12-31 | $2.30 | $24.32 | x |
| 2010-12-31 | $4.41 | $24.32 | x |
| 2011-12-31 | $5.89 | $24.32 | x |
| 2012-12-31 | $8.47 | $24.32 | x |
| 2013-12-31 | $10.79 | $24.32 | x |
| 2014-12-31 | $12.87 | $24.32 | x |
| 2015-12-31 | $14.96 | $24.32 | x |
| 2016-12-31 | $17.98 | $24.32 | x |
| 2017-12-31 | $20.97 | $24.32 | x |
| 2018-12-31 | $19.61 | $24.32 | x |
| 2019-12-31 | $13.27 | $24.32 | x |
| 2020-12-31 | $12.18 | $24.32 | x |
| 2021-12-31 | $13.41 | $24.32 | x |
| 2022-12-31 | $13.94 | $24.32 | x |
| 2023-12-31 | $13.78 | $24.32 | x |
| 2024-12-31 | $13.88 | $24.32 | x |
| 2025-12-31 | $15.03 | $24.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Deluxe 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): 12.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.99%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 4.19x
- Recent ROE (12.46%) is below the historical average (47.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 29.43% | 13.63% | 1.47x | 1.47x | $68.79 Million |
| 1986 | 29.31% | 13.97% | 1.31x | 1.60x | $79.79 Million |
| 1987 | 30.26% | 15.66% | 1.09x | 1.77x | $99.42 Million |
| 1988 | 25.26% | 11.99% | 1.52x | 1.38x | $86.63 Million |
| 1989 | 24.20% | 11.60% | 1.55x | 1.34x | $89.54 Million |
| 1990 | 25.48% | 12.18% | 1.53x | 1.37x | $104.62 Million |
| 1991 | 24.45% | 12.40% | 1.34x | 1.47x | $108.10 Million |
| 1992 | 24.44% | 13.22% | 1.28x | 1.45x | $119.82 Million |
| 1993 | 17.71% | 8.97% | 1.26x | 1.56x | $61.78 Million |
| 1994 | 17.30% | 8.06% | 1.39x | 1.54x | $59.46 Million |
| 1995 | 11.15% | 4.68% | 1.43x | 1.66x | $8.96 Million |
| 1996 | 9.19% | 3.46% | 1.61x | 1.65x | $-5.79 Million |
| 1997 | 7.33% | 2.33% | 1.67x | 1.88x | $-16.32 Million |
| 1998 | 23.88% | 7.53% | 1.61x | 1.98x | $84.51 Million |
| 1999 | 48.65% | 12.30% | 1.66x | 2.38x | $161.27 Million |
| 2000 | 61.62% | 12.82% | 1.94x | 2.47x | $135.66 Million |
| 2001 | 236.50% | 14.54% | 2.38x | 6.84x | $178.04 Million |
| 2002 | 333.16% | 16.69% | 1.92x | 10.40x | $207.84 Million |
| 2003 | 0.00% | 15.50% | 2.21x | 0.00x | $222.28 Million |
| 2004 | 0.00% | 12.63% | 1.05x | 0.00x | $215.84 Million |
| 2005 | 0.00% | 9.18% | 1.20x | 0.00x | $165.72 Million |
| 2006 | 0.00% | 6.16% | 1.29x | 0.00x | $107.52 Million |
| 2007 | 349.13% | 8.93% | 1.33x | 29.45x | $139.40 Million |
| 2008 | 191.34% | 6.92% | 1.21x | 22.94x | $96.29 Million |
| 2009 | 84.81% | 7.39% | 1.11x | 10.33x | $87.68 Million |
| 2010 | 67.47% | 10.88% | 1.07x | 5.79x | $130.00 Million |
| 2011 | 47.77% | 10.20% | 1.02x | 4.59x | $114.33 Million |
| 2012 | 39.39% | 11.25% | 1.07x | 3.26x | $127.21 Million |
| 2013 | 33.91% | 11.78% | 1.01x | 2.85x | $131.65 Million |
| 2014 | 30.86% | 11.93% | 0.99x | 2.61x | $135.05 Million |
| 2015 | 29.34% | 12.33% | 0.96x | 2.48x | $144.09 Million |
| 2016 | 26.04% | 12.41% | 0.85x | 2.48x | $141.30 Million |
| 2017 | 22.68% | 11.71% | 0.89x | 2.18x | $128.70 Million |
| 2018 | 16.91% | 7.80% | 0.87x | 2.50x | $63.73 Million |
| 2019 | -39.20% | -11.14% | 1.03x | 3.40x | $-280.87 Million |
| 2020 | 1.02% | 0.29% | 0.97x | 3.59x | $-46.08 Million |
| 2021 | 10.91% | 3.10% | 0.66x | 5.35x | $5.20 Million |
| 2022 | 10.83% | 2.92% | 0.73x | 5.10x | $5.01 Million |
| 2023 | 4.32% | 1.19% | 0.71x | 5.10x | $-34.29 Million |
| 2024 | 8.51% | 2.49% | 0.75x | 4.56x | $-9.27 Million |
| 2025 | 12.46% | 3.99% | 0.74x | 4.19x | $16.82 Million |
Industry Comparison
This section compares Deluxe Corporation's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $27,325,451,514
- Average return on equity (ROE) among peers: -0.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Deluxe Corporation (DLX) | $696.80 Million | 29.43% | 2.67x | $1.11 Billion |
| Air T Inc (AIRT) | $8.25 Million | 16.03% | 0.35x | $55.95 Million |
| Alpine 4 Holdings Inc (ALPP) | $72.11 Million | -26.91% | 0.84x | $13.53K |
| Brookfield Business Corp (BBUC) | $1.14 Billion | 3.17% | 13.01x | $6.58 Billion |
| Boston Omaha Corp (BOC) | $-331.04K | 0.00% | 0.00x | $352.09 Million |
| Dmc Global Inc (BOOM) | $3.90 Million | 15.38% | 0.62x | $146.56 Million |
| Compass Diversified Holdings (CODI) | $282.84 Million | -6.81% | 0.86x | $869.73 Million |
| Falcon's Beyond Global, Inc. Class A Common Stock (FBYD) | $-20.10 Million | 0.00% | 0.00x | $454.80 Million |
| FTAI Infrastructure Inc. (FIP) | $789.38 Million | -19.46% | 2.14x | $547.10 Million |
| Fujikura Ltd (FJIKY) | $243.66 Billion | 16.05% | 1.51x | $8.82 Billion |
About Deluxe Corporation
Deluxe Corporation provides technology-enabled solutions to small and medium-sized businesses, and financial institutions in the United States and Canada. The company operates through four segments: Merchant Services, B2B Payments, Data Solutions, and Print. It offers credit and debit card authorization and payment systems; processing services to small and medium-sized retail and service business… Read more