Onex Corp Net Assets
Onex Corp net assets. Based on the latest financial reports, Onex Corp (ONEX) has net assets worth CA$8.77 Billion CAD (≈ $6.34 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$11.24 Billion ≈ $8.13 Billion USD) and total liabilities (CA$2.47 Billion ≈ $1.79 Billion USD). 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. Also explore net asset momentum of Onex Corp to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$8.77 Billion |
| % of Total Assets | 78.03% |
| Annual Growth Rate | 9.24% |
| 5-Year Change | 4.72% |
| 10-Year Change | 549.08% |
| Growth Volatility | 55.74 |
Net Assets of Onex Corp (1994–2025)
Net assets of Onex Corp from 1994 to 2025. This chart illustrates how Onex Corp's net assets have evolved over time, based on quarterly financial data. See Onex Corp (ONEX) net asset quality to measure how much of total assets are equity-financed.
Annual Net Assets for Onex Corp (1994–2025)
The table below shows the annual net assets of Onex Corp from 1994 to 2025. For live market cap and overall valuation, see Onex Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$8.77 Billion ≈ $6.34 Billion |
+4.16% |
| 2024-12-31 | CA$8.42 Billion ≈ $6.09 Billion |
-1.69% |
| 2023-12-31 | CA$8.56 Billion ≈ $6.20 Billion |
+3.81% |
| 2022-12-31 | CA$8.25 Billion ≈ $5.97 Billion |
-1.48% |
| 2021-12-31 | CA$8.37 Billion ≈ $6.06 Billion |
+15.62% |
| 2020-12-31 | CA$7.24 Billion ≈ $5.24 Billion |
+3.72% |
| 2019-12-31 | CA$6.98 Billion ≈ $5.05 Billion |
+23.88% |
| 2018-12-31 | CA$5.64 Billion ≈ $4.08 Billion |
+11.89% |
| 2017-12-31 | CA$5.04 Billion ≈ $3.64 Billion |
+272.91% |
| 2016-12-31 | CA$1.35 Billion ≈ $977.29 Million |
+13.53% |
| 2015-12-31 | CA$1.19 Billion ≈ $860.83 Million |
-52.36% |
| 2014-12-31 | CA$2.50 Billion ≈ $1.81 Billion |
-42.51% |
| 2013-12-31 | CA$4.34 Billion ≈ $3.14 Billion |
-20.26% |
| 2012-12-31 | CA$5.45 Billion ≈ $3.94 Billion |
-3.34% |
| 2011-12-31 | CA$5.64 Billion ≈ $4.08 Billion |
+37.82% |
| 2010-12-31 | CA$4.09 Billion ≈ $2.96 Billion |
-46.66% |
| 2009-12-31 | CA$7.67 Billion ≈ $5.55 Billion |
+14.12% |
| 2008-12-31 | CA$6.72 Billion ≈ $4.86 Billion |
-15.26% |
| 2007-12-31 | CA$7.93 Billion ≈ $5.74 Billion |
+44.20% |
| 2006-12-31 | CA$5.50 Billion ≈ $3.98 Billion |
+35.38% |
| 2005-12-31 | CA$4.06 Billion ≈ $2.94 Billion |
+35.06% |
| 2004-12-31 | CA$3.01 Billion ≈ $2.18 Billion |
-14.74% |
| 2003-12-31 | CA$3.53 Billion ≈ $2.55 Billion |
-28.23% |
| 2002-12-31 | CA$4.91 Billion ≈ $3.56 Billion |
-21.49% |
| 2001-12-31 | CA$6.26 Billion ≈ $4.53 Billion |
+32.12% |
| 2000-12-31 | CA$4.74 Billion ≈ $3.43 Billion |
+67.87% |
| 1999-12-31 | CA$2.82 Billion ≈ $2.04 Billion |
+78.41% |
| 1998-12-31 | CA$1.58 Billion ≈ $1.14 Billion |
+48.73% |
| 1997-12-31 | CA$1.06 Billion ≈ $769.39 Million |
+35.20% |
| 1996-12-31 | CA$786.70 Million ≈ $569.09 Million |
+20.56% |
| 1995-12-31 | CA$652.54 Million ≈ $472.04 Million |
+15.24% |
| 1994-12-31 | CA$566.27 Million ≈ $409.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Onex Corp'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 32719.8% over the analyzed period, indicating profitable operations and earnings retention.
Onex Corp Net Assets Breakdown (December 2025)
Onex Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$8.51 Billion | 97.07% |
| Common Stock | CA$255.53 Million | 2.91% |
| Other Comprehensive Income | CA$998.18K | 0.01% |
| Total Equity | CA$8.77 Billion | 100.00% |
Onex Corp Competitors by Market Cap
The table below lists competitors of Onex Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Linde India Limited
NSE:LINDEINDIA
|
$5.21 Billion |
|
Zhejiang Longsheng Group Co Ltd
SHG:600352
|
$5.21 Billion |
|
Raia Drogasil S.A
SA:RADL3
|
$5.22 Billion |
|
Perseus Mining Ltd
TO:PRU
|
$5.22 Billion |
|
Shenzhen Everwin Precision Tech
SHE:300115
|
$5.21 Billion |
|
Mirvac Group
AU:MGR
|
$5.21 Billion |
|
Guobo Electronics Co. Ltd. A
SHG:688375
|
$5.21 Billion |
|
Anhui Yingjia Distillery Co Ltd
SHG:603198
|
$5.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Onex Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,419,000,000 to 8,769,012,617, a change of 350,012,617 (4.2%).
- Net income of 627,800,914 contributed positively to equity growth.
- Dividend payments of 20,000,000 reduced retained earnings.
- Share repurchases of 237,000,000 reduced equity.
- Other comprehensive income increased equity by 998,180.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$627.80 Million | +7.16% |
| Dividends Paid | CA$20.00 Million | -0.23% |
| Share Repurchases | CA$237.00 Million | -2.7% |
| Other Comprehensive Income | CA$998.18K | +0.01% |
| Other Changes | CA$-21.79 Million | -0.25% |
| Total Change | CA$- | 4.16% |
Book Value vs Market Value Analysis
This analysis compares Onex Corp'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: 0.84x
- 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 33.82x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CA$3.10 | CA$104.94 | x |
| 1995-12-31 | CA$3.88 | CA$104.94 | x |
| 1996-12-31 | CA$3.74 | CA$104.94 | x |
| 1997-12-31 | CA$3.85 | CA$104.94 | x |
| 1998-12-31 | CA$3.81 | CA$104.94 | x |
| 1999-12-31 | CA$5.02 | CA$104.94 | x |
| 2000-12-31 | CA$5.43 | CA$104.94 | x |
| 2001-12-31 | CA$8.65 | CA$104.94 | x |
| 2002-12-31 | CA$4.12 | CA$104.94 | x |
| 2003-12-31 | CA$1.46 | CA$104.94 | x |
| 2004-12-31 | CA$1.33 | CA$104.94 | x |
| 2005-12-31 | CA$7.14 | CA$104.94 | x |
| 2006-12-31 | CA$11.71 | CA$104.94 | x |
| 2007-12-31 | CA$13.43 | CA$104.94 | x |
| 2008-12-31 | CA$10.37 | CA$104.94 | x |
| 2009-12-31 | CA$12.99 | CA$104.94 | x |
| 2010-12-31 | CA$3.84 | CA$104.94 | x |
| 2011-12-31 | CA$15.16 | CA$104.94 | x |
| 2012-12-31 | CA$14.15 | CA$104.94 | x |
| 2013-12-31 | CA$10.21 | CA$104.94 | x |
| 2014-12-31 | CA$7.33 | CA$104.94 | x |
| 2015-12-31 | CA$-1.52 | CA$104.94 | x |
| 2016-12-31 | CA$-4.71 | CA$104.94 | x |
| 2017-12-31 | CA$28.36 | CA$104.94 | x |
| 2018-12-31 | CA$25.37 | CA$104.94 | x |
| 2019-12-31 | CA$69.83 | CA$104.94 | x |
| 2020-12-31 | CA$75.45 | CA$104.94 | x |
| 2021-12-31 | CA$94.09 | CA$104.94 | x |
| 2022-12-31 | CA$97.06 | CA$104.94 | x |
| 2023-12-31 | CA$108.41 | CA$104.94 | x |
| 2024-12-31 | CA$109.34 | CA$104.94 | x |
| 2025-12-31 | CA$125.27 | CA$104.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Onex Corp 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): 7.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 214.24%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.28x
- Recent ROE (7.16%) is below the historical average (10.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 25.72% | 4.63% | 2.06x | 2.70x | CA$70.76 Million |
| 1995 | 11.35% | 1.18% | 2.25x | 4.26x | CA$6.72 Million |
| 1996 | 11.72% | 0.98% | 2.36x | 5.08x | CA$9.29 Million |
| 1997 | 5.63% | 0.94% | 0.99x | 6.09x | CA$-29.52 Million |
| 1998 | 16.71% | 2.01% | 1.29x | 6.44x | CA$46.21 Million |
| 1999 | 22.99% | 1.98% | 1.20x | 9.71x | CA$114.66 Million |
| 2000 | 13.14% | 0.86% | 1.11x | 13.78x | CA$29.94 Million |
| 2001 | 35.96% | 3.35% | 1.14x | 9.41x | CA$361.88 Million |
| 2002 | -13.89% | -0.69% | 1.06x | 19.05x | CA$-158.42 Million |
| 2003 | -113.31% | -1.94% | 1.17x | 49.90x | CA$-278.62 Million |
| 2004 | 15.42% | 0.26% | 1.15x | 52.02x | CA$10.23 Million |
| 2005 | 83.77% | 6.25% | 1.04x | 12.89x | CA$731.70 Million |
| 2006 | 55.21% | 5.38% | 0.82x | 12.44x | CA$703.93 Million |
| 2007 | 13.39% | 0.93% | 0.93x | 15.38x | CA$58.27 Million |
| 2008 | -18.22% | -1.05% | 0.90x | 19.14x | CA$-360.15 Million |
| 2009 | 6.75% | 0.45% | 0.97x | 15.36x | CA$-51.48 Million |
| 2010 | -36.54% | -0.85% | 0.70x | 61.39x | CA$-212.70 Million |
| 2011 | 74.75% | 5.38% | 0.84x | 16.56x | CA$1.15 Billion |
| 2012 | -7.87% | -0.51% | 0.69x | 22.31x | CA$-290.70 Million |
| 2013 | -30.68% | -1.79% | 0.54x | 31.95x | CA$-469.40 Million |
| 2014 | -14.27% | -0.68% | 0.58x | 35.90x | CA$-195.60 Million |
| 2015 | 0.00% | -2.91% | 0.55x | 0.00x | CA$-556.70 Million |
| 2016 | 0.00% | -0.73% | 0.41x | 0.00x | CA$-81.00 Million |
| 2017 | 82.99% | 10.55% | 0.51x | 15.45x | CA$2.11 Billion |
| 2018 | -25.88% | -2.79% | 0.52x | 17.73x | CA$-919.20 Million |
| 2019 | 61.25% | 388.11% | 0.09x | 1.69x | CA$3.58 Billion |
| 2020 | 10.08% | 64.15% | 0.10x | 1.64x | CA$5.70 Million |
| 2021 | 16.78% | 69.18% | 0.16x | 1.54x | CA$567.60 Million |
| 2022 | 2.85% | 53.78% | 0.04x | 1.47x | CA$-590.00 Million |
| 2023 | 6.18% | 47.15% | 0.09x | 1.51x | CA$-327.40 Million |
| 2024 | 3.60% | 46.83% | 0.05x | 1.66x | CA$-538.90 Million |
| 2025 | 7.16% | 214.24% | 0.03x | 1.28x | CA$-249.10 Million |
Industry Comparison
This section compares Onex Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,418,075,398
- Average return on equity (ROE) among peers: -6.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Onex Corp (ONEX) | CA$8.77 Billion | 25.72% | 0.28x | $5.21 Billion |
| Aberdeen International Inc. (AAB) | $87.49 Million | -10.35% | 0.14x | $2.32 Million |
| Base Carbon Inc. (BCBN) | $134.69 Million | 72.96% | 0.05x | $41.59 Million |
| Canadian Banc Corp (BK) | $237.10 Million | -5.86% | 1.66x | $520.42 Million |
| Brookfield Corporation (BN) | $6.40 Billion | 6.37% | 1.55x | $89.09 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $3.98 Billion | -36.62% | 0.00x | $6.88 Billion |
| Canadian General Investments Ltd (CGI) | $424.88 Million | -14.25% | 0.36x | $772.64 Million |
| CI Financial Corp (CIX) | $59.93 Million | -102.52% | 3.85x | $3.32 Billion |
| Culico Metals Inc. (CLCO) | $10.12 Million | -3.33% | 0.00x | $25.70 Million |
| Clairvest Group Inc. (CVG) | $857.81 Million | 12.22% | 0.15x | $837.28 Million |
| Cymbria Corporation (CYB) | $1.98 Billion | 14.22% | 0.07x | $1.12 Billion |
About Onex Corp
Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, turnaround, upper-middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, Industry consolidation, corporate carve-outs of subsidiaries and mission-critical supply divisions from multi… Read more