Microwave Filter Company Inc
Microwave Filter Company, Inc. designs, develops, manufactures, and sells electronic filters for radio and microwave frequencies in New York. The company manufactures radio frequency filters and related components for eliminating interference and facilitating signal processing for cable television, broadcast, commercial and military communications, avionics, radar, navigation, and defense markets… Read more
Microwave Filter Company Inc (MFCO) - Net Assets
Latest net assets as of December 2025: $1.45 Million USD
Based on the latest financial reports, Microwave Filter Company Inc (MFCO) has net assets worth $1.45 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.62 Million) and total liabilities ($174.00K). 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 | $1.45 Million |
| % of Total Assets | 89.28% |
| Annual Growth Rate | -0.41% |
| 5-Year Change | -17.08% |
| 10-Year Change | -7.69% |
| Growth Volatility | 16.2 |
Microwave Filter Company Inc - Net Assets Trend (1985–2025)
This chart illustrates how Microwave Filter Company 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 Microwave Filter Company Inc (1985–2025)
The table below shows the annual net assets of Microwave Filter Company Inc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $1.36 Million | -16.20% |
| 2024-09-30 | $1.62 Million | -23.57% |
| 2023-09-30 | $2.12 Million | -7.49% |
| 2022-09-30 | $2.29 Million | +39.96% |
| 2021-09-30 | $1.64 Million | +51.98% |
| 2020-09-30 | $1.08 Million | -21.38% |
| 2019-09-30 | $1.37 Million | +15.18% |
| 2018-09-30 | $1.19 Million | -1.33% |
| 2017-09-30 | $1.21 Million | -18.02% |
| 2016-09-30 | $1.47 Million | -2.18% |
| 2015-09-30 | $1.50 Million | -11.94% |
| 2014-09-30 | $1.71 Million | +2.26% |
| 2013-09-30 | $1.67 Million | -24.83% |
| 2012-09-30 | $2.22 Million | -2.38% |
| 2011-09-30 | $2.28 Million | -6.17% |
| 2010-09-30 | $2.43 Million | +6.35% |
| 2009-09-30 | $2.28 Million | -3.14% |
| 2008-09-30 | $2.35 Million | +1.59% |
| 2007-09-30 | $2.32 Million | -11.44% |
| 2006-09-30 | $2.62 Million | -21.42% |
| 2005-09-30 | $3.33 Million | +10.60% |
| 2004-09-30 | $3.01 Million | -5.55% |
| 2003-09-30 | $3.19 Million | -15.23% |
| 2002-09-30 | $3.76 Million | +6.54% |
| 2001-09-30 | $3.53 Million | -8.78% |
| 2000-09-30 | $3.87 Million | +1.85% |
| 1999-09-30 | $3.80 Million | -7.32% |
| 1998-09-30 | $4.10 Million | -4.65% |
| 1997-09-30 | $4.30 Million | +7.50% |
| 1996-09-30 | $4.00 Million | +11.11% |
| 1995-09-30 | $3.60 Million | 0.00% |
| 1994-09-30 | $3.60 Million | +2.86% |
| 1993-09-30 | $3.50 Million | -12.50% |
| 1992-09-30 | $4.00 Million | +2.56% |
| 1991-09-30 | $3.90 Million | +2.63% |
| 1990-09-30 | $3.80 Million | +26.67% |
| 1989-09-30 | $3.00 Million | +11.11% |
| 1988-09-30 | $2.70 Million | +22.73% |
| 1987-09-30 | $2.20 Million | +15.79% |
| 1986-09-30 | $1.90 Million | +18.75% |
| 1985-09-30 | $1.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Microwave Filter Company 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 162.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $432.41K | 31.84% |
| Other Components | $1.55 Million | 114.27% |
| Total Equity | $1.36 Million | 100.00% |
Microwave Filter Company Inc Competitors by Market Cap
The table below lists competitors of Microwave Filter Company Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CANNABIS POLAND AB ZY-10
F:8TE
|
$823.95K |
|
MTI Investment SE
ST:MTI
|
$824.01K |
|
VS_VISERVE ENTERPRISE
BK:VS
|
$824.65K |
|
Chijet Motor Company, Inc. Ordinary Shares
NASDAQ:CJET
|
$824.78K |
|
Malpac Holdings Bhd
KLSE:4936
|
$822.83K |
|
Sharps Technology Inc. Warrant
NASDAQ:STSSW
|
$822.83K |
|
DAINIPPON SCREEN
BE:DAO
|
$822.43K |
|
Providence Gold Mines Inc
PINK:PRRVF
|
$821.89K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Microwave Filter Company Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,620,501 to 1,357,906, a change of -262,595 (-16.2%).
- Net loss of 262,509 reduced equity.
- Share repurchases of 86 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-262.51K | -19.33% |
| Share Repurchases | $86.00 | -0.01% |
| Total Change | $- | -16.20% |
Book Value vs Market Value Analysis
This analysis compares Microwave Filter Company 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: 0.61x
- 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 |
|---|---|---|---|
| 1985-09-30 | $0.48 | $0.32 | x |
| 1986-09-30 | $0.86 | $0.32 | x |
| 1987-09-30 | $0.73 | $0.32 | x |
| 1988-09-30 | $0.81 | $0.32 | x |
| 1989-09-30 | $0.84 | $0.32 | x |
| 1990-09-30 | $1.22 | $0.32 | x |
| 1991-09-30 | $1.06 | $0.32 | x |
| 1992-09-30 | $1.20 | $0.32 | x |
| 1993-09-30 | $1.40 | $0.32 | x |
| 1994-09-30 | $1.44 | $0.32 | x |
| 1995-09-30 | $1.08 | $0.32 | x |
| 1996-09-30 | $1.12 | $0.32 | x |
| 1997-09-30 | $0.86 | $0.32 | x |
| 1998-09-30 | $0.82 | $0.32 | x |
| 1999-09-30 | $1.14 | $0.32 | x |
| 2000-09-30 | $1.22 | $0.32 | x |
| 2001-09-30 | $1.20 | $0.32 | x |
| 2002-09-30 | $1.29 | $0.32 | x |
| 2003-09-30 | $1.10 | $0.32 | x |
| 2004-09-30 | $1.02 | $0.32 | x |
| 2005-09-30 | $1.09 | $0.32 | x |
| 2006-09-30 | $0.86 | $0.32 | x |
| 2007-09-30 | $0.76 | $0.32 | x |
| 2008-09-30 | $0.79 | $0.32 | x |
| 2009-09-30 | $0.87 | $0.32 | x |
| 2010-09-30 | $0.94 | $0.32 | x |
| 2011-09-30 | $0.88 | $0.32 | x |
| 2012-09-30 | $0.86 | $0.32 | x |
| 2013-09-30 | $0.65 | $0.32 | x |
| 2014-09-30 | $0.66 | $0.32 | x |
| 2015-09-30 | $0.58 | $0.32 | x |
| 2016-09-30 | $0.57 | $0.32 | x |
| 2017-09-30 | $0.47 | $0.32 | x |
| 2018-09-30 | $0.46 | $0.32 | x |
| 2019-09-30 | $0.53 | $0.32 | x |
| 2020-09-30 | $0.42 | $0.32 | x |
| 2021-09-30 | $0.64 | $0.32 | x |
| 2022-09-30 | $0.89 | $0.32 | x |
| 2023-09-30 | $0.82 | $0.32 | x |
| 2024-09-30 | $0.63 | $0.32 | x |
| 2025-09-30 | $0.53 | $0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Microwave Filter Company 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): -19.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.05%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 1.23x
- Recent ROE (-19.33%) is below the historical average (1.59%), 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 | 25.00% | 8.00% | 1.67x | 1.88x | $240.00K |
| 1986 | 10.53% | 3.77% | 1.56x | 1.79x | $10.00K |
| 1987 | 13.64% | 6.52% | 1.24x | 1.68x | $80.00K |
| 1988 | 14.81% | 7.55% | 1.36x | 1.44x | $130.00K |
| 1989 | 16.67% | 8.62% | 1.32x | 1.47x | $200.00K |
| 1990 | 13.16% | 6.76% | 1.28x | 1.53x | $120.00K |
| 1991 | 2.56% | 1.59% | 1.17x | 1.38x | $-290.00K |
| 1992 | 2.50% | 1.37% | 1.38x | 1.33x | $-300.00K |
| 1993 | -2.86% | -1.47% | 1.42x | 1.37x | $-450.00K |
| 1994 | 2.78% | 1.16% | 1.56x | 1.53x | $-260.00K |
| 1996 | 12.50% | 6.67% | 1.39x | 1.35x | $100.00K |
| 1997 | 9.30% | 6.45% | 1.19x | 1.21x | $-30.00K |
| 1998 | 2.44% | 1.43% | 1.37x | 1.24x | $-310.00K |
| 1999 | 5.26% | 3.03% | 1.40x | 1.24x | $-180.00K |
| 2000 | 8.75% | 4.52% | 1.46x | 1.33x | $-48.30K |
| 2001 | 3.65% | 1.88% | 1.60x | 1.21x | $-224.29K |
| 2002 | 11.55% | 5.99% | 1.49x | 1.29x | $58.15K |
| 2003 | -8.86% | -5.58% | 1.30x | 1.22x | $-601.25K |
| 2004 | -5.85% | -3.62% | 1.34x | 1.20x | $-477.48K |
| 2005 | 9.37% | 5.64% | 1.39x | 1.20x | $-20.88K |
| 2006 | -15.72% | -9.07% | 1.45x | 1.19x | $-673.09K |
| 2007 | -12.64% | -6.32% | 1.64x | 1.22x | $-524.77K |
| 2008 | 1.68% | 0.76% | 1.86x | 1.20x | $-195.95K |
| 2009 | 3.57% | 1.77% | 1.63x | 1.24x | $-146.56K |
| 2010 | 6.03% | 3.12% | 1.58x | 1.22x | $-96.27K |
| 2011 | 10.67% | 4.82% | 1.73x | 1.28x | $15.32K |
| 2012 | 3.41% | 1.70% | 1.72x | 1.17x | $-146.37K |
| 2013 | -33.02% | -19.20% | 1.18x | 1.45x | $-718.48K |
| 2014 | 2.26% | 1.06% | 1.45x | 1.46x | $-132.20K |
| 2015 | -13.48% | -5.72% | 1.60x | 1.47x | $-353.06K |
| 2016 | -2.22% | -0.92% | 1.66x | 1.45x | $-179.69K |
| 2017 | -23.20% | -9.21% | 1.66x | 1.52x | $-400.36K |
| 2018 | -1.35% | -0.48% | 1.89x | 1.49x | $-135.05K |
| 2019 | 13.20% | 4.61% | 2.00x | 1.43x | $43.81K |
| 2020 | -27.16% | -9.42% | 1.60x | 1.80x | $-400.39K |
| 2021 | 34.24% | 10.82% | 2.11x | 1.50x | $396.93K |
| 2022 | 28.55% | 12.55% | 1.87x | 1.22x | $425.13K |
| 2023 | -8.06% | -4.46% | 1.56x | 1.16x | $-383.00K |
| 2024 | -30.83% | -20.65% | 1.30x | 1.15x | $-661.57K |
| 2025 | -19.33% | -12.05% | 1.31x | 1.23x | $-398.30K |
Industry Comparison
This section compares Microwave Filter Company Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,490,345,014
- Average return on equity (ROE) among peers: -191.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Microwave Filter Company Inc (MFCO) | $1.45 Million | 25.00% | 0.12x | $823.62K |
| AAC Technologies Holdings Inc (AACAY) | $14.21 Billion | 28.32% | 0.71x | $4.55 Billion |
| Applied Opt (AAOI) | $115.01 Million | 3.72% | 0.60x | $2.97 Billion |
| Ability Inc (ABILF) | $5.00 Million | -5.60% | 13.35x | $544.32 |
| ADTRAN Inc (ADTN) | $378.43 Million | 20.17% | 0.27x | $785.61 Million |
| ADVA Optical Networking SE (ADVOF) | $176.06 Million | -16.73% | 0.17x | $243.68 Million |
| Airgain Inc (AIRG) | $46.22 Million | 2.47% | 0.22x | $44.70 Million |
| Aerkomm Inc (AKOM) | $24.19 Million | -98.53% | 2.63x | $805.19K |
| Akoustis Technologies, Inc. (AKTSQ) | $-57.09 Million | 0.00% | 0.00x | $135.67K |
| Amplitech Group Inc (AMPG) | $440.28K | -233.03% | 5.39x | $50.17 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $465.34K |