Joby Aviation
Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service in the United States and Dubai. The company intends to build an aerial ridesharing service, as well as developing an app-based platform that will enable consumers to book rides. Joby Aviation, Inc. was founded… Read more
Joby Aviation (JOBY) - Net Assets
Latest net assets as of September 2025: $896.45 Million USD
Based on the latest financial reports, Joby Aviation (JOBY) has net assets worth $896.45 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.37 Billion) and total liabilities ($469.86 Million). 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 | $896.45 Million |
| % of Total Assets | 65.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 0.25 |
Joby Aviation - Net Assets Trend (2020–2024)
This chart illustrates how Joby Aviation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Joby Aviation (2020–2024)
The table below shows the annual net assets of Joby Aviation from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $912.36 Million | -11.79% |
| 2023-12-31 | $1.03 Billion | -11.19% |
| 2022-12-31 | $1.16 Billion | -11.54% |
| 2021-12-31 | $1.32 Billion | +565.01% |
| 2020-12-31 | $-283.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Joby Aviation'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 155945100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $78.00K | 0.01% |
| Other Comprehensive Income | $-583.00K | -0.06% |
| Other Components | $2.77 Billion | 303.45% |
| Total Equity | $912.36 Million | 100.00% |
Joby Aviation Competitors by Market Cap
The table below lists competitors of Joby Aviation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KASPI.KZ (SP.GDR REG.S)/1
F:KKS
|
$6.07 Billion |
|
ConvaTec Group Plc
PINK:CNVVF
|
$6.08 Billion |
|
Hexcel Corporation
NYSE:HXL
|
$6.08 Billion |
|
GXO Logistics Inc
NYSE:GXO
|
$6.08 Billion |
|
MEBUKI FINANCIAL GROUP
F:5EE
|
$6.07 Billion |
|
Unigroup Guoxin Microelectronics Co Ltd
SHE:002049
|
$6.06 Billion |
|
Weatherford International plc
NASDAQ:WFRD
|
$6.06 Billion |
|
Bank of Baroda
NSE:BANKBARODA
|
$6.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Joby Aviation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,034,362,000 to 912,363,000, a change of -121,999,000 (-11.8%).
- Net loss of 608,034,000 reduced equity.
- Share repurchases of 11,200,000 reduced equity.
- New share issuances of 376,519,000 increased equity.
- Other comprehensive income decreased equity by 103,000.
- Other factors increased equity by 120,819,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-608.03 Million | -66.64% |
| Share Repurchases | $11.20 Million | -1.23% |
| Share Issuances | $376.52 Million | +41.27% |
| Other Comprehensive Income | $-103.00K | -0.01% |
| Other Changes | $120.82 Million | +13.24% |
| Total Change | $- | -11.79% |
Book Value vs Market Value Analysis
This analysis compares Joby Aviation'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: 7.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $-0.47 | $9.93 | x |
| 2021-12-31 | $2.23 | $9.93 | x |
| 2022-12-31 | $1.99 | $9.93 | x |
| 2023-12-31 | $1.60 | $9.93 | x |
| 2024-12-31 | $1.30 | $9.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Joby Aviation 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): -66.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -447083.82%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.32x
- Recent ROE (-66.64%) is below the historical average (-30.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-85.85 Million |
| 2021 | -13.69% | 0.00% | 0.00x | 1.13x | $-312.00 Million |
| 2022 | -22.15% | 0.00% | 0.00x | 1.11x | $-374.52 Million |
| 2023 | -49.60% | -49714.15% | 0.00x | 1.23x | $-616.49 Million |
| 2024 | -66.64% | -447083.82% | 0.00x | 1.32x | $-699.27 Million |
Industry Comparison
This section compares Joby Aviation's net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $14,639,213,971
- Average return on equity (ROE) among peers: 6.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Joby Aviation (JOBY) | $896.45 Million | 0.00% | 0.52x | $6.07 Billion |
| Auckland International Airport Limited (ACKDF) | $8.38 Billion | 0.52% | 0.29x | $8.10 Billion |
| Aeroports de Paris SA (AEOXF) | $5.80 Billion | 10.52% | 1.77x | $1.25 Billion |
| Airports of Thailand Public Company Limited (AIPUF) | $108.81 Billion | 17.21% | 0.47x | $8.18 Billion |
| Aena S.M.E. S.A (ANNSF) | $4.36 Billion | 19.12% | 2.90x | $45.35 Billion |
| AerSale Corp (ASLE) | $455.62 Million | 1.28% | 0.33x | $174.95 Million |
| Beijing Capital International Airport Company Limited (BJCHF) | $14.89 Billion | -11.40% | 1.19x | $604.88 Million |
| Blade Air Mobility Inc (BLDE) | $274.49 Million | -9.93% | 0.18x | $230.30 Million |
| Corporacion America Airports (CAAP) | $862.37 Million | 19.50% | 3.45x | $462.85 Million |
| CHRRD (CHRRD) | $1.28 Billion | 7.92% | 2.01x | $134.94K |
| Chorus Aviation Inc (CHRRF) | $1.28 Billion | 7.92% | 2.01x | $271.74 Million |