Discover Financial Services
Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and deposit products; and direct-to-consumer deposit products comprising savi… Read more
Discover Financial Services (DFS) - Net Assets
Latest net assets as of March 2025: $18.96 Billion USD
Based on the latest financial reports, Discover Financial Services (DFS) has net assets worth $18.96 Billion USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($147.91 Billion) and total liabilities ($128.95 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $18.96 Billion |
| % of Total Assets | 12.82% |
| Annual Growth Rate | 7.65% |
| 5-Year Change | -80.44% |
| 10-Year Change | 58.99% |
| Growth Volatility | 152.24 |
Discover Financial Services - Net Assets Trend (2003–2024)
This chart illustrates how Discover Financial Services's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Discover Financial Services (2003–2024)
The table below shows the annual net assets of Discover Financial Services from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $17.93 Billion | +20.89% |
| 2023-12-31 | $14.83 Billion | +1.63% |
| 2022-12-31 | $14.59 Billion | +8.82% |
| 2021-12-31 | $13.41 Billion | -85.37% |
| 2020-12-31 | $91.65 Billion | +3.80% |
| 2019-12-31 | $88.30 Billion | +693.31% |
| 2018-12-31 | $11.13 Billion | +2.19% |
| 2017-12-31 | $10.89 Billion | -3.81% |
| 2016-12-31 | $11.32 Billion | +0.43% |
| 2015-12-31 | $11.28 Billion | +1.27% |
| 2014-12-31 | $11.13 Billion | +3.01% |
| 2013-12-31 | $10.81 Billion | +9.48% |
| 2012-12-31 | $9.87 Billion | +19.79% |
| 2011-12-31 | $8.24 Billion | +27.65% |
| 2010-12-31 | $6.46 Billion | -23.46% |
| 2009-12-31 | $8.44 Billion | +42.59% |
| 2008-12-31 | $5.92 Billion | +5.65% |
| 2007-12-31 | $5.60 Billion | -3.04% |
| 2006-12-31 | $5.77 Billion | +25.53% |
| 2005-12-31 | $4.60 Billion | +20.77% |
| 2003-12-31 | $3.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Discover Financial Services'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 3358300000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $33.58 Billion | 187.34% |
| Common Stock | $6.00 Million | 0.03% |
| Other Comprehensive Income | $-296.00 Million | -1.65% |
| Total Equity | $17.93 Billion | 100.00% |
Discover Financial Services Competitors by Market Cap
The table below lists competitors of Discover Financial Services ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Deutsche Bank Aktiengesellschaft
F:DBK
|
$50.07 Billion |
|
Engie S.A.
PA:ENGI
|
$50.18 Billion |
|
Monolithic Power Systems Inc
NASDAQ:MPWR
|
$50.26 Billion |
|
Exelon Corporation
NASDAQ:EXC
|
$50.26 Billion |
|
Haleon plc
NYSE:HLN
|
$49.87 Billion |
|
Cheniere Energy Inc
NYSE:LNG
|
$49.77 Billion |
|
Danone S.A
OTCQX:GPDNF
|
$49.73 Billion |
|
Infosys Limited
NSE:INFY
|
$49.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Discover Financial Services's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,828,000,000 to 17,926,000,000, a change of 3,098,000,000 (20.9%).
- Net income of 4,535,000,000 contributed positively to equity growth.
- Dividend payments of 771,000,000 reduced retained earnings.
- Share repurchases of 83,000,000 reduced equity.
- New share issuances of 13,000,000 increased equity.
- Other comprehensive income decreased equity by 71,000,000.
- Other factors decreased equity by 525,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.54 Billion | +25.3% |
| Dividends Paid | $771.00 Million | -4.3% |
| Share Repurchases | $83.00 Million | -0.46% |
| Share Issuances | $13.00 Million | +0.07% |
| Other Comprehensive Income | $-71.00 Million | -0.4% |
| Other Changes | $-525.00 Million | -2.93% |
| Total Change | $- | 20.89% |
Book Value vs Market Value Analysis
This analysis compares Discover Financial Services'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: 2.80x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 25.06x to 2.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $7.98 | $200.05 | x |
| 2005-12-31 | $9.64 | $200.05 | x |
| 2006-12-31 | $12.10 | $200.05 | x |
| 2007-12-31 | $11.69 | $200.05 | x |
| 2008-12-31 | $12.34 | $200.05 | x |
| 2009-12-31 | $16.61 | $200.05 | x |
| 2010-12-31 | $11.76 | $200.05 | x |
| 2011-12-31 | $15.18 | $200.05 | x |
| 2012-12-31 | $19.10 | $200.05 | x |
| 2013-12-31 | $22.20 | $200.05 | x |
| 2014-12-31 | $24.05 | $200.05 | x |
| 2015-12-31 | $25.74 | $200.05 | x |
| 2016-12-31 | $27.89 | $200.05 | x |
| 2017-12-31 | $29.12 | $200.05 | x |
| 2018-12-31 | $32.26 | $200.05 | x |
| 2019-12-31 | $37.06 | $200.05 | x |
| 2020-12-31 | $35.45 | $200.05 | x |
| 2021-12-31 | $44.69 | $200.05 | x |
| 2022-12-31 | $52.48 | $200.05 | x |
| 2023-12-31 | $58.38 | $200.05 | x |
| 2024-12-31 | $71.42 | $200.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Discover Financial Services 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): 25.30%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.65%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 8.24x
- Recent ROE (25.30%) is above the historical average (20.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 17.03% | 51.52% | 0.05x | 6.31x | $267.70 Million |
| 2005 | 12.56% | 9.85% | 0.22x | 5.86x | $117.87 Million |
| 2006 | 18.64% | 17.30% | 0.21x | 5.03x | $499.14 Million |
| 2007 | 10.51% | 9.35% | 0.17x | 6.67x | $28.69 Million |
| 2008 | 15.68% | 14.73% | 0.16x | 6.74x | $336.17 Million |
| 2009 | 15.13% | 18.60% | 0.15x | 5.46x | $432.63 Million |
| 2010 | 11.84% | 11.49% | 0.11x | 9.41x | $119.10 Million |
| 2011 | 27.02% | 31.52% | 0.10x | 8.39x | $1.40 Billion |
| 2012 | 23.81% | 30.57% | 0.10x | 7.44x | $1.36 Billion |
| 2013 | 22.85% | 30.03% | 0.10x | 7.34x | $1.39 Billion |
| 2014 | 20.86% | 27.40% | 0.10x | 7.47x | $1.21 Billion |
| 2015 | 20.37% | 26.28% | 0.10x | 7.71x | $1.17 Billion |
| 2016 | 21.13% | 26.30% | 0.10x | 8.15x | $1.26 Billion |
| 2017 | 19.27% | 21.21% | 0.10x | 9.19x | $1.01 Billion |
| 2018 | 24.64% | 25.60% | 0.10x | 9.84x | $1.63 Billion |
| 2019 | 24.93% | 25.81% | 0.10x | 9.61x | $1.77 Billion |
| 2020 | 10.48% | 10.29% | 0.10x | 10.37x | $52.60 Million |
| 2021 | 40.44% | 44.86% | 0.11x | 8.22x | $4.08 Billion |
| 2022 | 29.98% | 32.80% | 0.10x | 9.02x | $2.92 Billion |
| 2023 | 19.83% | 18.61% | 0.10x | 10.22x | $1.46 Billion |
| 2024 | 25.30% | 22.65% | 0.14x | 8.24x | $2.74 Billion |
Industry Comparison
This section compares Discover Financial Services's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $42,800,882,637
- Average return on equity (ROE) among peers: -39.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Discover Financial Services (DFS) | $18.96 Billion | 17.03% | 6.80x | $50.05 Billion |
| Accord Financial Corp (ACCFF) | $39.20 Million | 16.04% | 1.73x | $8.00 Million |
| Acom Co. Ltd (ACJJF) | $328.31 Billion | 3.92% | 2.63x | $799.50 Million |
| Affirm Holdings Inc (AFRM) | $-367.10 Million | 0.00% | 0.00x | $13.32 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $592.96 Million | 7.89% | 20.29x | $1.53 Billion |
| Aiful Corp (AIFLF) | $81.64 Billion | 21.30% | 7.15x | $852.52 Million |
| Jianpu Technology Inc (AIJTY) | $520.74 Million | 20.38% | 0.93x | $16.37 Million |
| AIOS Tech Inc. (AIOS) | $203.05 Million | 8.66% | 0.56x | $2.50 Million |
| Ally Financial Inc (ALLY) | $17.05 Billion | 17.95% | 9.70x | $9.95 Billion |
| Alpha Investment Inc (ALPC) | $254.20K | -435.59% | 4.32x | $166.69 Million |
| Antalpha Platform Holding Co (ANTA) | $12.71 Million | -51.81% | 56.59x | $14.82 Million |