Largest companies in Luxembourg by shareholders' equity
Shareholders' equity is what remains after subtracting liabilities from assets — the accounting book value of the company, not its market value. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.
Arcelormittal (MT) tops the list with $54.5B in shareholders' equity for fiscal 2025, ahead of Tenaris ($16.6B) and Ternium ($11.9B). The top 10 together report $105B in shareholders' equity; the gap between #1 and #10 is ×54.31. 10 companies in Luxembourg report shareholders' equity, 0.4% of the 2599-filer universe. The last place on the list, Nexa Resources, comes in at $1.0B.
| # | Company | Shareholders' equity | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | ArcelormittalMTLUMaterials | $54.5B | +10.7% | |
| 2 | TenarisTSLUMaterials | $16.6B | +0.0% | |
| 3 | TerniumTXLUMaterials | $11.9B | −0.2% | |
| 4 | Spotify TechnologySPOTLUCommunication services | $9.8B | +70.5% | |
| 5 | Millicom International CellularTIGOLUCommunication services | $3.6B | +0.3% | |
| 6 | SESSGBAFLUCommunication services | $3.1B | −13.3% | |
| 7 | GlobantGLOBLUTechnology | $2.1B | +6.6% | |
| 8 | Corporacion America AirportsCAAPLUIndustrials | $1.6B | +15.9% | |
| 9 | CriteoCRTOLUCommunication services | $1.1B | +9.5% | |
| 10 | Nexa ResourcesNEXALUMaterials | $1.0B | +23.2% |
All figures from SEC filings · FY2025 · 10
see sources
- Arcelormittal 0001243429-26-000020
- Tenaris 0001554855-26-000490
- Ternium 0001342874-26-000020
- Spotify Technology 0001628280-26-006874
- Millicom International Cellular 0001628280-26-020831
- SES 0001193125-26-138166
- Globant 0001628280-26-012910
- Corporacion America Airports 0001104659-26-029442
- Criteo 0001576427-26-000092
- Nexa Resources 0001292814-26-001787
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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/largest-companies-in-luxembourg-by-shareholders-equity">Largest companies in Luxembourg by shareholders' equity</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
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{{cite web |title=Largest companies in Luxembourg by shareholders' equity |url=https://companiesranked.com/en/largest-companies-in-luxembourg-by-shareholders-equity |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Largest companies in Luxembourg by shareholders' equity. CompaniesRanked. https://companiesranked.com/en/largest-companies-in-luxembourg-by-shareholders-equityBibTeX
@misc{companiesranked-en-largest-companies-in-luxembourg-by-shareholders-equity-2026,
author = {{CompaniesRanked}},
title = {{Largest companies in Luxembourg by shareholders' equity}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/largest-companies-in-luxembourg-by-shareholders-equity}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.
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