Wex Inc (WEX) - Net Assets
Based on the latest financial reports, Wex Inc (WEX) has net assets worth $1.27 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.43 Billion) and total liabilities ($14.15 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 Wex Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.27 Billion |
| % of Total Assets | 8.26% |
| Annual Growth Rate | 7.64% |
| 5-Year Change | -41.01% |
| 10-Year Change | -18.01% |
| Growth Volatility | 37.31 |
Wex Inc - Net Assets Trend (2001–2025)
This chart illustrates how Wex Inc's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Wex Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Wex Inc (2001–2025)
The table below shows the annual net assets of Wex Inc from 2001 to 2025. For live valuation and market cap data, see WEX company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.23 Billion | -17.08% |
| 2024-12-31 | $1.49 Billion | -18.22% |
| 2023-12-31 | $1.82 Billion | +10.37% |
| 2022-12-31 | $1.65 Billion | -21.18% |
| 2021-12-31 | $2.09 Billion | +2.84% |
| 2020-12-31 | $2.04 Billion | -2.78% |
| 2019-12-31 | $2.09 Billion | +16.56% |
| 2018-12-31 | $1.80 Billion | +4.38% |
| 2017-12-31 | $1.72 Billion | +14.27% |
| 2016-12-31 | $1.51 Billion | +37.43% |
| 2015-12-31 | $1.10 Billion | +0.13% |
| 2014-12-31 | $1.09 Billion | +18.69% |
| 2013-12-31 | $922.03 Million | +9.82% |
| 2012-12-31 | $839.59 Million | +18.37% |
| 2011-12-31 | $709.32 Million | +26.89% |
| 2010-12-31 | $559.01 Million | +26.67% |
| 2009-12-31 | $441.32 Million | +49.77% |
| 2008-12-31 | $294.66 Million | +44.26% |
| 2007-12-31 | $204.26 Million | +11.54% |
| 2006-12-31 | $183.13 Million | +145.02% |
| 2005-12-31 | $74.74 Million | -73.71% |
| 2004-12-31 | $284.25 Million | +10.03% |
| 2003-12-31 | $258.33 Million | +22.41% |
| 2001-12-31 | $211.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wex 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 grown by 237080000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.37 Billion | 192.05% |
| Common Stock | $500.00K | 0.04% |
| Other Comprehensive Income | $-128.10 Million | -10.38% |
| Total Equity | $1.23 Billion | 100.00% |
Wex Inc Competitors by Market Cap
The table below lists competitors of Wex Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Clear Secure Inc
NYSE:YOU
|
$4.40 Billion |
|
Novanta Inc
F:1GSN
|
$4.40 Billion |
|
Suven Pharmaceuticals Limited
NSE:SUVENPHAR
|
$4.40 Billion |
|
China Wafer Level Csp Co Ltd
SHG:603005
|
$4.40 Billion |
|
China Vanke Co Ltd Class A
SHE:000002
|
$4.40 Billion |
|
Beijing Oriental Yuhong Waterproof Technology Co Ltd
SHE:002271
|
$4.39 Billion |
|
Uxi Unicomp Technology Co. Ltd. A
SHG:688531
|
$4.39 Billion |
|
IPG Photonics Corporation
NASDAQ:IPGP
|
$4.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wex Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,488,800,000 to 1,234,500,000, a change of -254,300,000 (-17.1%).
- Net income of 304,100,000 contributed positively to equity growth.
- Share repurchases of 799,800,000 reduced equity.
- Other comprehensive income increased equity by 184,200,000.
- Other factors increased equity by 57,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $304.10 Million | +24.63% |
| Share Repurchases | $799.80 Million | -64.79% |
| Other Comprehensive Income | $184.20 Million | +14.92% |
| Other Changes | $57.20 Million | +4.63% |
| Total Change | $- | -17.08% |
Book Value vs Market Value Analysis
This analysis compares Wex 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: 3.69x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 25.37x to 3.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $5.00 | $126.86 | x |
| 2003-12-31 | $6.43 | $126.86 | x |
| 2004-12-31 | $7.07 | $126.86 | x |
| 2005-12-31 | $1.83 | $126.86 | x |
| 2006-12-31 | $4.41 | $126.86 | x |
| 2007-12-31 | $5.01 | $126.86 | x |
| 2008-12-31 | $7.41 | $126.86 | x |
| 2009-12-31 | $11.21 | $126.86 | x |
| 2010-12-31 | $14.31 | $126.86 | x |
| 2011-12-31 | $18.19 | $126.86 | x |
| 2012-12-31 | $20.92 | $126.86 | x |
| 2013-12-31 | $23.58 | $126.86 | x |
| 2014-12-31 | $27.19 | $126.86 | x |
| 2015-12-31 | $27.89 | $126.86 | x |
| 2016-12-31 | $36.59 | $126.86 | x |
| 2017-12-31 | $39.78 | $126.86 | x |
| 2018-12-31 | $40.98 | $126.86 | x |
| 2019-12-31 | $44.03 | $126.86 | x |
| 2020-12-31 | $43.45 | $126.86 | x |
| 2021-12-31 | $40.58 | $126.86 | x |
| 2022-12-31 | $36.88 | $126.86 | x |
| 2023-12-31 | $42.05 | $126.86 | x |
| 2024-12-31 | $38.17 | $126.86 | x |
| 2025-12-31 | $34.39 | $126.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wex 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): 24.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.43%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 11.66x
- Recent ROE (24.63%) is above the historical average (15.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 9.40% | 15.33% | 0.29x | 2.08x | $-1.19 Million |
| 2003 | 13.41% | 22.07% | 0.27x | 2.26x | $8.81 Million |
| 2004 | 18.02% | 27.09% | 0.23x | 2.86x | $22.79 Million |
| 2005 | 24.96% | 7.73% | 0.17x | 19.01x | $11.18 Million |
| 2006 | 40.74% | 25.62% | 0.19x | 8.47x | $56.30 Million |
| 2007 | 25.25% | 15.34% | 0.19x | 8.74x | $31.15 Million |
| 2008 | 43.32% | 32.43% | 0.24x | 5.47x | $98.17 Million |
| 2009 | 31.65% | 44.31% | 0.21x | 3.40x | $95.53 Million |
| 2010 | 15.68% | 22.45% | 0.19x | 3.75x | $31.73 Million |
| 2011 | 18.84% | 24.16% | 0.24x | 3.21x | $62.69 Million |
| 2012 | 11.85% | 15.55% | 0.20x | 3.80x | $15.13 Million |
| 2013 | 16.18% | 20.80% | 0.21x | 3.72x | $57.01 Million |
| 2014 | 19.07% | 24.73% | 0.20x | 3.88x | $96.18 Million |
| 2015 | 9.41% | 11.92% | 0.22x | 3.56x | $-6.42 Million |
| 2016 | 1.57% | 2.32% | 0.17x | 4.06x | $-126.22 Million |
| 2017 | 9.35% | 12.82% | 0.19x | 3.94x | $-11.07 Million |
| 2018 | 9.42% | 11.27% | 0.22x | 3.79x | $-10.27 Million |
| 2019 | 5.14% | 5.74% | 0.21x | 4.31x | $-93.69 Million |
| 2020 | -12.79% | -15.62% | 0.19x | 4.30x | $-434.13 Million |
| 2021 | 0.01% | 0.01% | 0.18x | 5.61x | $-183.78 Million |
| 2022 | 12.21% | 8.57% | 0.20x | 6.99x | $36.45 Million |
| 2023 | 0.81% | 0.58% | 0.18x | 7.63x | $-167.25 Million |
| 2024 | 20.80% | 11.78% | 0.20x | 8.95x | $160.72 Million |
| 2025 | 24.63% | 11.43% | 0.18x | 11.66x | $180.65 Million |
Industry Comparison
This section compares Wex Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $175,548,949
- Average return on equity (ROE) among peers: -12.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wex Inc (WEX) | $1.27 Billion | 9.40% | 11.10x | $4.40 Billion |
| ACI Worldwide Inc (ACIW) | $581.40 Million | 11.62% | 2.18x | $4.54 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $855.27 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $30.16 Million | -37.03% | 0.03x | $906.22 Million |
| Allied Gaming & Entertainment Inc. (AGAE) | $87.90 Million | -12.31% | 0.11x | $22.76 Million |
| Axe Compute Inc. (AGPU) | $2.69 Million | -223.00% | 0.35x | $31.41 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.41 Billion |
| All In FutureTech Alliance Inc. (AIFA) | $24.02 Million | -127.45% | 1.73x | $13.66 Million |
| AI Financial Corporation (AIFC) | $2.31 Million | 476.46% | 19.27x | $88.43 Million |
| iLearningEngines, Inc. (AILE) | $22.26 Million | -19.80% | 1.11x | $59.29 Million |
| PowerFleet, Inc. (AIOT) | $67.08 Million | -6.22% | 0.04x | $457.44 Million |
About Wex Inc
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services… Read more