Microsoft Corporation (MSFT) - Net Assets
Based on the latest financial reports, Microsoft Corporation (MSFT) has net assets worth $390.88 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 ($665.30 Billion) and total liabilities ($274.43 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 MSFT asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $390.88 Billion |
| % of Total Assets | 58.75% |
| Annual Growth Rate | 22.17% |
| 5-Year Change | 141.91% |
| 10-Year Change | 377.07% |
| Growth Volatility | 24.92 |
Microsoft Corporation - Net Assets Trend (1986–2025)
This chart illustrates how Microsoft Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Microsoft Corporation asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Microsoft Corporation (1986–2025)
The table below shows the annual net assets of Microsoft Corporation from 1986 to 2025. For live valuation and market cap data, see MSFT market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $343.48 Billion | +27.94% |
| 2024-06-30 | $268.48 Billion | +30.19% |
| 2023-06-30 | $206.22 Billion | +23.83% |
| 2022-06-30 | $166.54 Billion | +17.29% |
| 2021-06-30 | $141.99 Billion | +20.02% |
| 2020-06-30 | $118.30 Billion | +15.61% |
| 2019-06-30 | $102.33 Billion | +23.71% |
| 2018-06-30 | $82.72 Billion | +14.26% |
| 2017-06-30 | $72.39 Billion | +0.55% |
| 2016-06-30 | $72.00 Billion | -10.10% |
| 2015-06-30 | $80.08 Billion | -10.80% |
| 2014-06-30 | $89.78 Billion | +13.73% |
| 2013-06-30 | $78.94 Billion | +18.96% |
| 2012-06-30 | $66.36 Billion | +16.26% |
| 2011-06-30 | $57.08 Billion | +23.62% |
| 2010-06-30 | $46.17 Billion | +16.73% |
| 2009-06-30 | $39.56 Billion | +9.02% |
| 2008-06-30 | $36.29 Billion | +16.69% |
| 2007-06-30 | $31.10 Billion | -22.46% |
| 2006-06-30 | $40.10 Billion | -16.65% |
| 2005-06-30 | $48.12 Billion | -35.70% |
| 2004-06-30 | $74.83 Billion | +15.27% |
| 2003-06-30 | $64.91 Billion | +24.40% |
| 2002-06-30 | $52.18 Billion | +10.34% |
| 2001-06-30 | $47.29 Billion | +14.31% |
| 2000-06-30 | $41.37 Billion | +45.47% |
| 1999-06-30 | $28.44 Billion | +71.04% |
| 1998-06-30 | $16.63 Billion | +54.28% |
| 1997-06-30 | $10.78 Billion | +53.23% |
| 1996-06-30 | $7.03 Billion | +28.86% |
| 1995-06-30 | $5.46 Billion | +22.65% |
| 1994-06-30 | $4.45 Billion | +37.26% |
| 1993-06-30 | $3.24 Billion | +47.83% |
| 1992-06-30 | $2.19 Billion | +62.35% |
| 1991-06-30 | $1.35 Billion | +47.05% |
| 1990-06-30 | $918.60 Million | +63.51% |
| 1989-06-30 | $561.80 Million | +49.61% |
| 1988-06-30 | $375.50 Million | +57.05% |
| 1987-06-30 | $239.10 Million | +71.64% |
| 1986-06-30 | $139.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Microsoft Corporation'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 266414.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $237.73 Billion | 69.21% |
| Common Stock | $109.09 Billion | 31.76% |
| Other Comprehensive Income | $-3.35 Billion | -0.97% |
| Total Equity | $343.48 Billion | 100.00% |
Microsoft Corporation Competitors by Market Cap
The table below lists competitors of Microsoft Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Apple Inc
NASDAQ:AAPL
|
$3.88 Trillion |
|
NVIDIA Corporation
NASDAQ:NVDA
|
$4.82 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 |
|
Taiwan Semiconductor Manufacturing Co. Ltd.
TW:2330
|
$1.74 Trillion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Microsoft Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 268,477,000,000 to 343,479,000,000, a change of 75,002,000,000 (27.9%).
- Net income of 101,832,000,000 contributed positively to equity growth.
- Dividend payments of 24,082,000,000 reduced retained earnings.
- Share repurchases of 18,420,000,000 reduced equity.
- New share issuances of 2,056,000,000 increased equity.
- Other comprehensive income increased equity by 2,243,000,000.
- Other factors increased equity by 11,373,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $101.83 Billion | +29.65% |
| Dividends Paid | $24.08 Billion | -7.01% |
| Share Repurchases | $18.42 Billion | -5.36% |
| Share Issuances | $2.06 Billion | +0.6% |
| Other Comprehensive Income | $2.24 Billion | +0.65% |
| Other Changes | $11.37 Billion | +3.31% |
| Total Change | $- | 27.94% |
Book Value vs Market Value Analysis
This analysis compares Microsoft Corporation'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: 9.01x
- 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 21844.83x to 9.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-06-30 | $0.02 | $414.44 | x |
| 1987-06-30 | $0.03 | $414.44 | x |
| 1988-06-30 | $0.06 | $414.44 | x |
| 1989-06-30 | $0.08 | $414.44 | x |
| 1990-06-30 | $0.12 | $414.44 | x |
| 1991-06-30 | $0.16 | $414.44 | x |
| 1992-06-30 | $0.25 | $414.44 | x |
| 1993-06-30 | $0.34 | $414.44 | x |
| 1994-06-30 | $0.46 | $414.44 | x |
| 1995-06-30 | $0.53 | $414.44 | x |
| 1996-06-30 | $0.68 | $414.44 | x |
| 1997-06-30 | $1.03 | $414.44 | x |
| 1998-06-30 | $1.55 | $414.44 | x |
| 1999-06-30 | $2.59 | $414.44 | x |
| 2000-06-30 | $3.74 | $414.44 | x |
| 2001-06-30 | $4.24 | $414.44 | x |
| 2002-06-30 | $4.70 | $414.44 | x |
| 2003-06-30 | $5.61 | $414.44 | x |
| 2004-06-30 | $6.87 | $414.44 | x |
| 2005-06-30 | $4.41 | $414.44 | x |
| 2006-06-30 | $3.81 | $414.44 | x |
| 2007-06-30 | $3.15 | $414.44 | x |
| 2008-06-30 | $3.83 | $414.44 | x |
| 2009-06-30 | $4.40 | $414.44 | x |
| 2010-06-30 | $5.17 | $414.44 | x |
| 2011-06-30 | $6.64 | $414.44 | x |
| 2012-06-30 | $7.80 | $414.44 | x |
| 2013-06-30 | $9.32 | $414.44 | x |
| 2014-06-30 | $10.69 | $414.44 | x |
| 2015-06-30 | $9.70 | $414.44 | x |
| 2016-06-30 | $8.99 | $414.44 | x |
| 2017-06-30 | $9.24 | $414.44 | x |
| 2018-06-30 | $10.61 | $414.44 | x |
| 2019-06-30 | $13.20 | $414.44 | x |
| 2020-06-30 | $15.40 | $414.44 | x |
| 2021-06-30 | $18.66 | $414.44 | x |
| 2022-06-30 | $22.09 | $414.44 | x |
| 2023-06-30 | $27.60 | $414.44 | x |
| 2024-06-30 | $35.95 | $414.44 | x |
| 2025-06-30 | $46.01 | $414.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Microsoft Corporation 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): 29.65%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.15%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.80x
- Recent ROE (29.65%) is below the historical average (30.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 28.21% | 19.90% | 1.16x | 1.23x | $25.37 Million |
| 1987 | 30.07% | 20.79% | 1.20x | 1.20x | $47.99 Million |
| 1988 | 33.00% | 20.97% | 1.20x | 1.31x | $86.35 Million |
| 1989 | 30.35% | 21.22% | 1.12x | 1.28x | $114.32 Million |
| 1990 | 30.39% | 23.59% | 1.07x | 1.20x | $187.34 Million |
| 1991 | 34.25% | 25.10% | 1.12x | 1.22x | $327.62 Million |
| 1992 | 32.29% | 25.67% | 1.05x | 1.20x | $488.80 Million |
| 1993 | 29.40% | 25.39% | 0.99x | 1.17x | $628.80 Million |
| 1994 | 25.75% | 24.65% | 0.87x | 1.21x | $701.00 Million |
| 1995 | 27.25% | 24.47% | 0.82x | 1.35x | $919.70 Million |
| 1996 | 31.77% | 25.31% | 0.86x | 1.46x | $1.50 Billion |
| 1997 | 32.05% | 28.94% | 0.83x | 1.33x | $2.38 Billion |
| 1998 | 27.00% | 29.42% | 0.68x | 1.34x | $2.83 Billion |
| 1999 | 27.38% | 39.42% | 0.51x | 1.36x | $4.94 Billion |
| 2000 | 22.77% | 41.04% | 0.44x | 1.26x | $5.28 Billion |
| 2001 | 15.53% | 29.04% | 0.43x | 1.24x | $2.62 Billion |
| 2002 | 15.00% | 27.60% | 0.42x | 1.30x | $2.61 Billion |
| 2003 | 12.34% | 23.40% | 0.39x | 1.34x | $1.43 Billion |
| 2004 | 10.92% | 22.17% | 0.39x | 1.26x | $685.50 Million |
| 2005 | 25.47% | 30.80% | 0.56x | 1.47x | $7.44 Billion |
| 2006 | 31.42% | 28.45% | 0.64x | 1.74x | $8.59 Billion |
| 2007 | 45.23% | 27.51% | 0.81x | 2.03x | $10.96 Billion |
| 2008 | 48.73% | 29.26% | 0.83x | 2.01x | $14.05 Billion |
| 2009 | 36.83% | 24.93% | 0.75x | 1.97x | $10.61 Billion |
| 2010 | 40.63% | 30.02% | 0.73x | 1.86x | $14.14 Billion |
| 2011 | 40.55% | 33.10% | 0.64x | 1.90x | $17.44 Billion |
| 2012 | 25.58% | 23.03% | 0.61x | 1.83x | $10.34 Billion |
| 2013 | 27.69% | 28.08% | 0.55x | 1.80x | $13.97 Billion |
| 2014 | 24.59% | 25.42% | 0.50x | 1.92x | $13.10 Billion |
| 2015 | 15.23% | 13.03% | 0.54x | 2.18x | $4.18 Billion |
| 2016 | 28.53% | 22.53% | 0.47x | 2.69x | $13.34 Billion |
| 2017 | 35.21% | 26.39% | 0.40x | 3.33x | $18.25 Billion |
| 2018 | 20.03% | 15.02% | 0.43x | 3.13x | $8.30 Billion |
| 2019 | 38.35% | 31.18% | 0.44x | 2.80x | $29.01 Billion |
| 2020 | 37.43% | 30.96% | 0.47x | 2.55x | $32.45 Billion |
| 2021 | 43.15% | 36.45% | 0.50x | 2.35x | $47.07 Billion |
| 2022 | 43.68% | 36.69% | 0.54x | 2.19x | $56.08 Billion |
| 2023 | 35.09% | 34.15% | 0.51x | 2.00x | $51.74 Billion |
| 2024 | 32.83% | 35.96% | 0.48x | 1.91x | $61.29 Billion |
| 2025 | 29.65% | 36.15% | 0.46x | 1.80x | $67.48 Billion |
Industry Comparison
This section compares Microsoft Corporation's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $527,355,826
- Average return on equity (ROE) among peers: -32.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Microsoft Corporation (MSFT) | $390.88 Billion | 28.21% | 0.70x | $2.78 Trillion |
| ACI Worldwide Inc (ACIW) | $267.21 Million | 20.72% | 1.00x | $4.34 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $26.91 Million | -95.01% | 0.21x | $821.47 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $456.38 Million | -22.24% | 0.05x | $906.22 Million |
| Axe Compute Inc. (AGPU) | $-2.19 Million | 0.00% | 0.00x | $24.93 Million |
| C3 Ai Inc (AI) | $1.06 Billion | -5.25% | 0.13x | $1.26 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 0.95% | 0.09x | $59.29 Million |
| PowerFleet, Inc. (AIOT) | $13.57 Million | 2.93% | 0.26x | $437.32 Million |
| Airship AI Holdings Inc (AISP) | $-8.36 Million | 0.00% | 0.00x | $83.39 Million |
| AIxCrypto Holdings, Inc. (AIXC) | $2.68 Million | -233.64% | 0.75x | $5.68 Million |
| Akamai Technologies Inc (AKAM) | $3.19 Billion | 9.35% | 0.71x | $15.05 Billion |
About Microsoft Corporation
Microsoft Corporation develops and supports software, services, devices, and solutions worldwide. The Productivity and Business Processes segment offers Microsoft 365 commercial, enterprise mobility + security, windows commercial, power BI, exchange, sharepoint, Microsoft teams, security and compliance, and copilot; Microsoft 365 commercial products, such as Windows commercial on-premises and off… Read more