Apple Inc (AAPL) - Net Assets
Based on the latest financial reports, Apple Inc (AAPL) has net assets worth $88.19 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 ($379.30 Billion) and total liabilities ($291.11 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 how resilient are Apple Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $88.19 Billion |
| % of Total Assets | 23.25% |
| Annual Growth Rate | 13.02% |
| 5-Year Change | 16.87% |
| 10-Year Change | -42.51% |
| Growth Volatility | 28.22 |
Apple Inc - Net Assets Trend (1985–2025)
This chart illustrates how Apple Inc's net assets have evolved over time, based on quarterly financial data. Also explore AAPL total asset value for the complete picture of this company's asset base.
Annual Net Assets for Apple Inc (1985–2025)
The table below shows the annual net assets of Apple Inc from 1985 to 2025. For live valuation and market cap data, see Apple Inc (AAPL) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $73.73 Billion | +29.47% |
| 2024-09-30 | $56.95 Billion | -8.36% |
| 2023-09-30 | $62.15 Billion | +22.64% |
| 2022-09-30 | $50.67 Billion | -19.68% |
| 2021-09-30 | $63.09 Billion | -3.44% |
| 2020-09-30 | $65.34 Billion | -27.79% |
| 2019-09-30 | $90.49 Billion | -15.55% |
| 2018-09-30 | $107.15 Billion | -20.07% |
| 2017-09-30 | $134.05 Billion | +4.52% |
| 2016-09-30 | $128.25 Billion | +7.45% |
| 2015-09-30 | $119.36 Billion | +7.00% |
| 2014-09-30 | $111.55 Billion | -9.71% |
| 2013-09-30 | $123.55 Billion | +4.52% |
| 2012-09-30 | $118.21 Billion | +54.29% |
| 2011-09-30 | $76.61 Billion | +60.31% |
| 2010-09-30 | $47.79 Billion | +71.71% |
| 2009-09-30 | $27.83 Billion | +32.34% |
| 2008-09-30 | $21.03 Billion | +44.72% |
| 2007-09-30 | $14.53 Billion | +45.55% |
| 2006-09-30 | $9.98 Billion | +33.73% |
| 2005-09-30 | $7.47 Billion | +47.08% |
| 2004-09-30 | $5.08 Billion | +20.20% |
| 2003-09-30 | $4.22 Billion | +3.13% |
| 2002-09-30 | $4.09 Billion | +4.46% |
| 2001-09-30 | $3.92 Billion | -4.55% |
| 2000-09-30 | $4.11 Billion | +32.31% |
| 1999-09-30 | $3.10 Billion | +89.04% |
| 1998-09-30 | $1.64 Billion | +36.83% |
| 1997-09-30 | $1.20 Billion | -41.69% |
| 1996-09-30 | $2.06 Billion | -29.06% |
| 1995-09-30 | $2.90 Billion | +21.72% |
| 1994-09-30 | $2.38 Billion | +17.61% |
| 1993-09-30 | $2.03 Billion | -7.36% |
| 1992-09-30 | $2.19 Billion | +23.81% |
| 1991-09-30 | $1.77 Billion | +22.11% |
| 1990-09-30 | $1.45 Billion | -2.62% |
| 1989-09-30 | $1.49 Billion | +48.07% |
| 1988-09-30 | $1.00 Billion | +19.95% |
| 1987-09-30 | $836.50 Million | +20.52% |
| 1986-09-30 | $694.10 Million | +26.09% |
| 1985-09-30 | $550.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Apple 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 4553.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $93.57 Billion | 126.90% |
| Other Comprehensive Income | $-5.57 Billion | -7.56% |
| Total Equity | $73.73 Billion | 100.00% |
Apple Inc Competitors by Market Cap
The table below lists competitors of Apple Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NVIDIA Corporation
NASDAQ:NVDA
|
$4.82 Trillion |
|
Microsoft Corporation
NASDAQ:MSFT
|
$2.78 Trillion |
|
Amazon.com Inc
NASDAQ:AMZN
|
$2.51 Trillion |
|
Alphabet Inc Class A
NASDAQ:GOOGL
|
$2.25 Trillion |
|
Alphabet Inc Class C
NASDAQ:GOOG
|
$2.08 Trillion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Apple Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 56,950,000,000 to 73,733,000,000, a change of 16,783,000,000 (29.5%).
- Net income of 112,010,000,000 contributed positively to equity growth.
- Dividend payments of 15,421,000,000 reduced retained earnings.
- Share repurchases of 90,711,000,000 reduced equity.
- Other comprehensive income increased equity by 1,601,000,000.
- Other factors increased equity by 9,304,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $112.01 Billion | +151.91% |
| Dividends Paid | $15.42 Billion | -20.91% |
| Share Repurchases | $90.71 Billion | -123.03% |
| Other Comprehensive Income | $1.60 Billion | +2.17% |
| Other Changes | $9.30 Billion | +12.62% |
| Total Change | $- | 29.47% |
Book Value vs Market Value Analysis
This analysis compares Apple 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: 57.01x
- 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 6976.17x to 57.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-09-30 | $0.04 | $280.14 | x |
| 1986-09-30 | $0.05 | $280.14 | x |
| 1987-09-30 | $0.06 | $280.14 | x |
| 1988-09-30 | $0.07 | $280.14 | x |
| 1989-09-30 | $0.10 | $280.14 | x |
| 1990-09-30 | $0.10 | $280.14 | x |
| 1991-09-30 | $0.13 | $280.14 | x |
| 1992-09-30 | $0.16 | $280.14 | x |
| 1993-09-30 | $0.15 | $280.14 | x |
| 1994-09-30 | $0.18 | $280.14 | x |
| 1995-09-30 | $0.21 | $280.14 | x |
| 1996-09-30 | $0.15 | $280.14 | x |
| 1997-09-30 | $0.08 | $280.14 | x |
| 1998-09-30 | $0.09 | $280.14 | x |
| 1999-09-30 | $0.16 | $280.14 | x |
| 2000-09-30 | $0.20 | $280.14 | x |
| 2001-09-30 | $0.20 | $280.14 | x |
| 2002-09-30 | $0.20 | $280.14 | x |
| 2003-09-30 | $0.21 | $280.14 | x |
| 2004-09-30 | $0.23 | $280.14 | x |
| 2005-09-30 | $0.31 | $280.14 | x |
| 2006-09-30 | $0.41 | $280.14 | x |
| 2007-09-30 | $0.58 | $280.14 | x |
| 2008-09-30 | $0.83 | $280.14 | x |
| 2009-09-30 | $1.10 | $280.14 | x |
| 2010-09-30 | $1.85 | $280.14 | x |
| 2011-09-30 | $2.92 | $280.14 | x |
| 2012-09-30 | $4.47 | $280.14 | x |
| 2013-09-30 | $4.74 | $280.14 | x |
| 2014-09-30 | $4.55 | $280.14 | x |
| 2015-09-30 | $5.15 | $280.14 | x |
| 2016-09-30 | $5.83 | $280.14 | x |
| 2017-09-30 | $6.38 | $280.14 | x |
| 2018-09-30 | $5.36 | $280.14 | x |
| 2019-09-30 | $4.87 | $280.14 | x |
| 2020-09-30 | $3.73 | $280.14 | x |
| 2021-09-30 | $3.74 | $280.14 | x |
| 2022-09-30 | $3.10 | $280.14 | x |
| 2023-09-30 | $3.93 | $280.14 | x |
| 2024-09-30 | $3.70 | $280.14 | x |
| 2025-09-30 | $4.91 | $280.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Apple 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): 151.91%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.92%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 4.87x
- Recent ROE (151.91%) is above the historical average (38.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 11.12% | 3.19% | 2.05x | 1.70x | $6.15 Million |
| 1986 | 22.19% | 8.10% | 1.64x | 1.67x | $84.59 Million |
| 1987 | 26.00% | 8.17% | 1.80x | 1.77x | $133.85 Million |
| 1988 | 39.89% | 9.83% | 1.96x | 2.08x | $299.96 Million |
| 1989 | 30.56% | 8.59% | 1.93x | 1.85x | $305.43 Million |
| 1990 | 32.82% | 8.54% | 1.87x | 2.06x | $330.22 Million |
| 1991 | 17.54% | 4.91% | 1.81x | 1.98x | $133.13 Million |
| 1992 | 24.25% | 7.48% | 1.68x | 1.93x | $311.63 Million |
| 1993 | 4.29% | 1.09% | 1.54x | 2.55x | $-115.64 Million |
| 1994 | 13.01% | 3.37% | 1.73x | 2.22x | $71.67 Million |
| 1995 | 14.62% | 3.83% | 1.78x | 2.15x | $133.90 Million |
| 1996 | -39.65% | -8.30% | 1.83x | 2.61x | $-1.02 Billion |
| 1997 | -87.08% | -14.76% | 1.67x | 3.53x | $-1.17 Billion |
| 1998 | 18.82% | 5.20% | 1.39x | 2.61x | $144.80 Million |
| 1999 | 19.36% | 9.80% | 1.19x | 1.66x | $290.60 Million |
| 2000 | 19.14% | 9.85% | 1.17x | 1.66x | $375.30 Million |
| 2001 | -0.64% | -0.47% | 0.89x | 1.54x | $-417.00 Million |
| 2002 | 1.59% | 1.13% | 0.91x | 1.54x | $-344.50 Million |
| 2003 | 1.63% | 1.11% | 0.91x | 1.61x | $-353.30 Million |
| 2004 | 5.24% | 3.21% | 1.03x | 1.59x | $-241.60 Million |
| 2005 | 17.79% | 9.53% | 1.21x | 1.55x | $581.40 Million |
| 2006 | 19.92% | 10.30% | 1.12x | 1.72x | $990.60 Million |
| 2007 | 24.05% | 14.56% | 0.95x | 1.74x | $2.04 Billion |
| 2008 | 22.99% | 14.88% | 0.82x | 1.88x | $2.73 Billion |
| 2009 | 29.59% | 19.19% | 0.80x | 1.93x | $5.45 Billion |
| 2010 | 29.32% | 21.48% | 0.87x | 1.57x | $9.23 Billion |
| 2011 | 33.83% | 23.95% | 0.93x | 1.52x | $18.26 Billion |
| 2012 | 35.30% | 26.67% | 0.89x | 1.49x | $29.91 Billion |
| 2013 | 29.98% | 21.67% | 0.83x | 1.68x | $24.68 Billion |
| 2014 | 35.42% | 21.61% | 0.79x | 2.08x | $28.36 Billion |
| 2015 | 44.74% | 22.85% | 0.80x | 2.43x | $41.46 Billion |
| 2016 | 35.62% | 21.19% | 0.67x | 2.51x | $32.86 Billion |
| 2017 | 36.07% | 21.09% | 0.61x | 2.80x | $34.95 Billion |
| 2018 | 55.56% | 22.41% | 0.73x | 3.41x | $48.82 Billion |
| 2019 | 61.06% | 21.24% | 0.77x | 3.74x | $46.21 Billion |
| 2020 | 87.87% | 20.91% | 0.85x | 4.96x | $50.88 Billion |
| 2021 | 150.07% | 25.88% | 1.04x | 5.56x | $88.37 Billion |
| 2022 | 196.96% | 25.31% | 1.12x | 6.96x | $94.74 Billion |
| 2023 | 156.08% | 25.31% | 1.09x | 5.67x | $90.78 Billion |
| 2024 | 164.59% | 23.97% | 1.07x | 6.41x | $88.04 Billion |
| 2025 | 151.91% | 26.92% | 1.16x | 4.87x | $104.64 Billion |
Industry Comparison
This section compares Apple Inc's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $974,497,561,164
- Average return on equity (ROE) among peers: -5844.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Apple Inc (AAPL) | $88.19 Billion | 11.12% | 3.30x | $3.88 Trillion |
| Boxlight Corp Class A (BOXL) | $10.91 Million | -59.95% | 0.88x | $1.03 Million |
| Fenbo Holdings Limited Ordinary Shares (FEBO) | $36.03 Million | 23.93% | 1.22x | $3.67 Million |
| Foxx Development Holdings Inc. (FOXX) | $-571.79K | 0.00% | 0.00x | $29.70 Million |
| GoPro Inc (GPRO) | $-79.74 Million | 0.00% | 0.00x | $117.86 Million |
| Koss Corporation (KOSS) | $22.70 Million | 5.59% | 0.32x | $41.23 Million |
| LG Display Co Ltd (LPL) | $8.77 Trillion | -31.17% | 3.08x | $4.33 Billion |
| Emerson Radio Corporation (MSN) | $-57.90 Million | 0.00% | 0.00x | $7.86 Million |
| Algorhythm Holdings, Inc. (RIME) | $2.60 Million | 120.91% | 2.71x | $5.87 Million |
| Sonos Inc (SONO) | $27.00K | -52655.56% | 14814.56x | $1.58 Billion |
About Apple Inc
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple Vision Pro, Apple TV, Apple Watch, Beats products, and HomePod, as well as Apple brand… Read more