Micron Technology Inc (MU) - Net Assets
Based on the latest financial reports, Micron Technology Inc (MU) has net assets worth $72.46 Billion USD as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($101.51 Billion) and total liabilities ($29.05 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 Micron Technology Inc (MU) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $72.46 Billion |
| % of Total Assets | 71.38% |
| Annual Growth Rate | 17.28% |
| 5-Year Change | 23.29% |
| 10-Year Change | 318.97% |
| Growth Volatility | 51.59 |
Micron Technology Inc - Net Assets Trend (1985–2025)
This chart illustrates how Micron Technology Inc's net assets have evolved over time, based on quarterly financial data. Also explore Micron Technology Inc assets under control for the complete picture of this company's asset base.
Annual Net Assets for Micron Technology Inc (1985–2025)
The table below shows the annual net assets of Micron Technology Inc from 1985 to 2025. For live valuation and market cap data, see Micron Technology Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $54.16 Billion | +20.02% |
| 2024-08-31 | $45.13 Billion | +2.29% |
| 2023-08-31 | $44.12 Billion | -11.60% |
| 2022-08-31 | $49.91 Billion | +13.60% |
| 2021-08-31 | $43.93 Billion | +12.66% |
| 2020-08-31 | $39.00 Billion | +6.05% |
| 2019-08-31 | $36.77 Billion | +10.87% |
| 2018-08-31 | $33.16 Billion | +70.33% |
| 2017-08-31 | $19.47 Billion | +50.60% |
| 2016-08-31 | $12.93 Billion | -2.35% |
| 2015-08-31 | $13.24 Billion | +13.70% |
| 2014-08-31 | $11.64 Billion | +16.37% |
| 2013-08-31 | $10.01 Billion | +18.88% |
| 2012-08-31 | $8.42 Billion | -14.57% |
| 2011-08-31 | $9.85 Billion | +0.37% |
| 2010-08-31 | $9.82 Billion | +41.46% |
| 2009-08-31 | $6.94 Billion | -23.27% |
| 2008-08-31 | $9.04 Billion | -12.70% |
| 2007-08-31 | $10.36 Billion | +6.99% |
| 2006-08-31 | $9.68 Billion | +65.58% |
| 2005-08-31 | $5.85 Billion | +4.14% |
| 2004-08-31 | $5.62 Billion | +12.96% |
| 2003-08-31 | $4.97 Billion | -21.18% |
| 2002-08-31 | $6.31 Billion | -11.61% |
| 2001-08-31 | $7.13 Billion | +4.17% |
| 2000-08-31 | $6.85 Billion | +65.75% |
| 1999-08-31 | $4.13 Billion | +45.60% |
| 1998-08-31 | $2.84 Billion | -6.01% |
| 1997-08-31 | $3.02 Billion | +18.15% |
| 1996-08-31 | $2.56 Billion | +34.79% |
| 1995-08-31 | $1.90 Billion | +80.71% |
| 1994-08-31 | $1.05 Billion | +64.08% |
| 1993-08-31 | $639.50 Million | +25.10% |
| 1992-08-31 | $511.20 Million | +3.31% |
| 1991-08-31 | $494.80 Million | +2.19% |
| 1990-08-31 | $484.20 Million | +1.59% |
| 1989-08-31 | $476.60 Million | +65.49% |
| 1988-08-31 | $288.00 Million | +296.69% |
| 1987-08-31 | $72.60 Million | -8.22% |
| 1986-08-31 | $79.10 Million | -14.12% |
| 1985-08-31 | $92.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Micron Technology 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 grown by 252936.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $48.58 Billion | 89.69% |
| Common Stock | $127.00 Million | 0.23% |
| Other Comprehensive Income | $-32.00 Million | -0.06% |
| Other Components | $5.49 Billion | 10.13% |
| Total Equity | $54.16 Billion | 100.00% |
Micron Technology Inc Competitors by Market Cap
The table below lists competitors of Micron Technology Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ASML HOLDING NY EO-09
F:ASMF
|
$464.43 Billion |
|
ASML Holding N.V.
AS:ASML
|
$465.78 Billion |
|
SK Hynix Inc
KO:000660
|
$467.91 Billion |
|
Tencent Holdings Ltd ADR
F:NNN1
|
$518.72 Billion |
|
Mastercard Inc
NYSE:MA
|
$438.59 Billion |
|
Costco Wholesale Corp
NASDAQ:COST
|
$434.25 Billion |
|
Oracle Corporation
NYSE:ORCL
|
$429.39 Billion |
|
SK hynix Inc
F:HY9H
|
$398.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Micron Technology Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 45,131,000,000 to 54,165,000,000, a change of 9,034,000,000 (20.0%).
- Net income of 8,539,000,000 contributed positively to equity growth.
- Dividend payments of 522,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 102,000,000.
- Other factors increased equity by 915,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.54 Billion | +15.76% |
| Dividends Paid | $522.00 Million | -0.96% |
| Other Comprehensive Income | $102.00 Million | +0.19% |
| Other Changes | $915.00 Million | +1.69% |
| Total Change | $- | 20.02% |
Book Value vs Market Value Analysis
This analysis compares Micron Technology 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: 11.26x
- 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 1127.99x to 11.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-08-31 | $0.48 | $542.21 | x |
| 1986-08-31 | $0.42 | $542.21 | x |
| 1987-08-31 | $0.32 | $542.21 | x |
| 1988-08-31 | $0.97 | $542.21 | x |
| 1989-08-31 | $1.30 | $542.21 | x |
| 1990-08-31 | $1.31 | $542.21 | x |
| 1991-08-31 | $1.10 | $542.21 | x |
| 1992-08-31 | $1.55 | $542.21 | x |
| 1993-08-31 | $1.60 | $542.21 | x |
| 1994-08-31 | $2.49 | $542.21 | x |
| 1995-08-31 | $4.39 | $542.21 | x |
| 1996-08-31 | $5.82 | $542.21 | x |
| 1997-08-31 | $6.59 | $542.21 | x |
| 1998-08-31 | $6.32 | $542.21 | x |
| 1999-08-31 | $7.60 | $542.21 | x |
| 2000-08-31 | $10.62 | $542.21 | x |
| 2001-08-31 | $12.04 | $542.21 | x |
| 2002-08-31 | $10.48 | $542.21 | x |
| 2003-08-31 | $8.18 | $542.21 | x |
| 2004-08-31 | $8.58 | $542.21 | x |
| 2005-08-31 | $9.02 | $542.21 | x |
| 2006-08-31 | $11.19 | $542.21 | x |
| 2007-08-31 | $10.08 | $542.21 | x |
| 2008-08-31 | $8.00 | $542.21 | x |
| 2009-08-31 | $6.19 | $542.21 | x |
| 2010-08-31 | $7.63 | $542.21 | x |
| 2011-08-31 | $8.41 | $542.21 | x |
| 2012-08-31 | $7.77 | $542.21 | x |
| 2013-08-31 | $8.65 | $542.21 | x |
| 2014-08-31 | $8.99 | $542.21 | x |
| 2015-08-31 | $10.51 | $542.21 | x |
| 2016-08-31 | $11.66 | $542.21 | x |
| 2017-08-31 | $16.14 | $542.21 | x |
| 2018-08-31 | $26.28 | $542.21 | x |
| 2019-08-31 | $31.39 | $542.21 | x |
| 2020-08-31 | $34.48 | $542.21 | x |
| 2021-08-31 | $38.50 | $542.21 | x |
| 2022-08-31 | $44.48 | $542.21 | x |
| 2023-08-31 | $40.37 | $542.21 | x |
| 2024-08-31 | $40.37 | $542.21 | x |
| 2025-08-31 | $48.15 | $542.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Micron Technology 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): 15.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.84%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.53x
- Recent ROE (15.76%) is above the historical average (5.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 0.22% | 0.26% | 0.57x | 1.44x | $-9.01 Million |
| 1986 | -42.86% | -69.33% | 0.37x | 1.67x | $-41.81 Million |
| 1987 | -31.54% | -25.11% | 0.71x | 1.78x | $-30.16 Million |
| 1988 | 34.03% | 32.61% | 0.77x | 1.35x | $69.20 Million |
| 1989 | 22.26% | 23.77% | 0.71x | 1.31x | $58.44 Million |
| 1990 | 1.01% | 1.47% | 0.48x | 1.44x | $-43.52 Million |
| 1991 | 1.03% | 1.20% | 0.60x | 1.43x | $-44.38 Million |
| 1992 | 1.29% | 1.30% | 0.70x | 1.42x | $-44.52 Million |
| 1993 | 16.28% | 12.57% | 0.86x | 1.51x | $40.15 Million |
| 1994 | 38.17% | 24.59% | 1.06x | 1.46x | $295.57 Million |
| 1995 | 44.52% | 28.59% | 1.06x | 1.46x | $654.48 Million |
| 1996 | 23.72% | 16.24% | 0.97x | 1.50x | $343.30 Million |
| 1997 | 11.52% | 9.45% | 0.72x | 1.68x | $43.89 Million |
| 1998 | -8.68% | -7.76% | 0.64x | 1.74x | $-503.00 Million |
| 1999 | -1.74% | -1.83% | 0.54x | 1.76x | $-465.31 Million |
| 2000 | 23.39% | 20.50% | 0.76x | 1.50x | $861.00 Million |
| 2001 | -8.76% | -15.88% | 0.47x | 1.17x | $-1.34 Billion |
| 2002 | -14.38% | -35.03% | 0.34x | 1.20x | $-1.54 Billion |
| 2003 | -25.61% | -41.19% | 0.43x | 1.44x | $-1.77 Billion |
| 2004 | 2.80% | 3.57% | 0.57x | 1.38x | $-404.28 Million |
| 2005 | 3.22% | 3.85% | 0.61x | 1.37x | $-396.68 Million |
| 2006 | 5.03% | 7.74% | 0.43x | 1.51x | $-403.40 Million |
| 2007 | -4.13% | -5.63% | 0.38x | 1.91x | $-1.10 Billion |
| 2008 | -26.21% | -27.72% | 0.43x | 2.17x | $-2.24 Billion |
| 2009 | -38.00% | -39.18% | 0.42x | 2.31x | $-2.38 Billion |
| 2010 | 23.07% | 21.81% | 0.58x | 1.83x | $1.05 Billion |
| 2011 | 1.97% | 1.90% | 0.60x | 1.74x | $-680.00 Million |
| 2012 | -13.40% | -12.53% | 0.57x | 1.86x | $-1.80 Billion |
| 2013 | 13.02% | 13.12% | 0.47x | 2.09x | $275.80 Million |
| 2014 | 28.27% | 18.61% | 0.73x | 2.09x | $1.97 Billion |
| 2015 | 23.57% | 17.90% | 0.67x | 1.96x | $1.67 Billion |
| 2016 | -2.28% | -2.23% | 0.45x | 2.28x | $-1.48 Billion |
| 2017 | 27.33% | 25.04% | 0.58x | 1.90x | $3.23 Billion |
| 2018 | 43.77% | 46.51% | 0.70x | 1.34x | $10.91 Billion |
| 2019 | 17.59% | 26.97% | 0.48x | 1.36x | $2.72 Billion |
| 2020 | 6.89% | 12.54% | 0.40x | 1.38x | $-1.21 Billion |
| 2021 | 13.34% | 21.16% | 0.47x | 1.34x | $1.47 Billion |
| 2022 | 17.41% | 28.24% | 0.46x | 1.33x | $3.70 Billion |
| 2023 | -13.22% | -37.54% | 0.24x | 1.46x | $-10.24 Billion |
| 2024 | 1.72% | 3.10% | 0.36x | 1.54x | $-3.74 Billion |
| 2025 | 15.76% | 22.84% | 0.45x | 1.53x | $3.12 Billion |
Industry Comparison
This section compares Micron Technology Inc's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $38,570,606,100
- Average return on equity (ROE) among peers: 1.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Micron Technology Inc (MU) | $72.46 Billion | 0.22% | 0.40x | $458.68 Billion |
| Analog Devices Inc (ADI) | $36.47 Billion | 7.54% | 0.38x | $150.01 Billion |
| Arteris Inc (AIP) | $-1.19 Million | 0.00% | 0.00x | $637.45 Million |
| Astera Labs, Inc. (ALAB) | $964.80 Million | -8.65% | 0.09x | $22.04 Billion |
| Allegro Microsystems Inc (ALGM) | $966.82 Million | 19.38% | 0.22x | $6.86 Billion |
| Aeluma, Inc (ALMU) | $17.90 Million | -16.88% | 0.08x | $239.34 Million |
| Ambiq Micro, Inc. (AMBQ) | $92.30 Million | -27.32% | 0.08x | $524.36 Million |
| Advanced Micro Devices Inc (AMD) | $783.40 Million | 18.55% | 0.65x | $385.82 Billion |
| Alpha and Omega Semiconductor Ltd (AOSL) | $94.80 Million | -0.57% | 0.69x | $752.06 Million |
| Arm Holdings plc American Depositary Shares (ARM) | $4.05 Billion | 12.94% | 0.69x | $132.34 Billion |
| ASE Industrial Holding Co Ltd ADR (ASX) | $342.27 Billion | 9.69% | 1.17x | $51.18 Billion |
About Micron Technology Inc
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, incl… Read more