Murphy USA Inc (MUSA) — Tangible Net Worth Ratio
Murphy USA Inc (MUSA) has a Tangible Net Worth Ratio of 77.7% as of December 2025. This metric is calculated by deducting intangible assets ($139.30 Million) from net assets ($623.50 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Murphy USA Inc net assets for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Murphy USA Inc Tangible Net Worth Ratio (2011–2025)
This chart shows how Murphy USA Inc's Tangible Net Worth Ratio has changed across 15 annual periods from 2011 to 2025. As of December 2025, the ratio stands at 77.7%, reflecting net assets of $623.50 Million with intangible assets of $139.30 Million USD. Also explore MUSA shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Murphy USA Inc (2011–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Murphy USA Inc from 2011 to 2025, covering 15 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Murphy USA Inc (MUSA) total market value.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 77.7% | $623.50 Million | $139.30 Million | $4.73 Billion | ▼ -5.7 pp |
| 2024 | 83.4% | $840.10 Million | $139.50 Million | $4.54 Billion | ▲ +0.3 pp |
| 2023 | 83.1% | $828.90 Million | $139.80 Million | $4.34 Billion | ▲ +5.0 pp |
| 2022 | 78.1% | $640.70 Million | $140.40 Million | $4.12 Billion | ▼ -4.5 pp |
| 2021 | 82.6% | $807.20 Million | $140.70 Million | $4.05 Billion | ▼ -13.0 pp |
| 2020 | 95.6% | $784.10 Million | $34.60 Million | $2.69 Billion | ▼ -4.4 pp |
| 2019 | 100.0% | $803.00 Million | $0.00 | $2.69 Billion | ▲ +0.0 pp |
| 2018 | 100.0% | $807.30 Million | $0.00 | $2.36 Billion | ▲ +0.0 pp |
| 2017 | 100.0% | $727.75 Million | $0.00 | $2.33 Billion | ▲ +0.0 pp |
| 2016 | 100.0% | $697.08 Million | $0.00 | $2.09 Billion | ▲ +0.0 pp |
| 2015 | 100.0% | $792.29 Million | $0.00 | $1.89 Billion | ▲ +0.0 pp |
| 2014 | 100.0% | $858.71 Million | $0.00 | $1.95 Billion | ▲ +0.0 pp |
| 2013 | 100.0% | $656.34 Million | $0.00 | $1.88 Billion | ▲ +0.0 pp |
| 2012 | 100.0% | $1.10 Billion | $0.00 | $1.99 Billion | ▲ +0.0 pp |
| 2011 | 100.0% | $1.12 Billion | $0.00 | $1.78 Billion | — |