Joby Aviation (JOBY) - Net Assets
Based on the latest financial reports, Joby Aviation (JOBY) has net assets worth $1.96 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.93 Billion) and total liabilities ($969.94 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. Explore Joby Aviation cash conversion from operations to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.96 Billion |
| % of Total Assets | 66.87% |
| Annual Growth Rate | N/A |
| 5-Year Change | 7.06% |
| 10-Year Change | N/A |
| Growth Volatility | 28.59 |
Joby Aviation - Net Assets Trend (2020–2025)
This chart illustrates how Joby Aviation's net assets have evolved over time, based on quarterly financial data. Explore long-term investment intensity of Joby Aviation to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Joby Aviation (2020–2025)
The table below shows the annual net assets of Joby Aviation from 2020 to 2025. For live valuation and market cap data, see market cap of Joby Aviation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.41 Billion | +54.51% |
| 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 248929300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $91.00K | 0.01% |
| Other Comprehensive Income | $1.52 Million | 0.11% |
| Other Components | $4.19 Billion | 297.48% |
| Total Equity | $1.41 Billion | 100.00% |
Joby Aviation Competitors by Market Cap
The table below lists competitors of Joby Aviation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tianshan Aluminum Group Co Ltd
SHE:002532
|
$10.57 Billion |
|
Zhejiang China Commodities City Group Co Ltd
SHG:600415
|
$10.57 Billion |
|
Pentair plc
F:PNT
|
$10.57 Billion |
|
Absa Group Ltd
JSE:ABG
|
$10.57 Billion |
|
Far EasTone Telecommunications Co Ltd
TW:4904
|
$10.56 Billion |
|
Futu Holdings Ltd
NASDAQ:FUTU
|
$10.55 Billion |
|
China Railway Construction Corp Ltd
SHG:601186
|
$10.54 Billion |
|
Wynn Resorts Limited
NASDAQ:WYNN
|
$10.53 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 2024 to 2025, total equity changed from 912,363,000 to 1,409,713,000, a change of 497,350,000 (54.5%).
- Net loss of 929,842,000 reduced equity.
- New share issuances of 1,011,862,000 increased equity.
- Other comprehensive income increased equity by 2,100,000.
- Other factors increased equity by 413,230,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-929.84 Million | -65.96% |
| Share Issuances | $1.01 Billion | +71.78% |
| Other Comprehensive Income | $2.10 Million | +0.15% |
| Other Changes | $413.23 Million | +29.31% |
| Total Change | $- | 54.51% |
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: 6.73x
- 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 | $11.48 | x |
| 2021-12-31 | $2.23 | $11.48 | x |
| 2022-12-31 | $1.99 | $11.48 | x |
| 2023-12-31 | $1.60 | $11.48 | x |
| 2024-12-31 | $1.30 | $11.48 | x |
| 2025-12-31 | $1.71 | $11.48 | 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): -65.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1740.46%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.27x
- Recent ROE (-65.96%) is below the historical average (-36.34%), 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 |
| 2025 | -65.96% | -1740.46% | 0.03x | 1.27x | $-1.07 Billion |
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: $7,967,010,771
- Average return on equity (ROE) among peers: -47.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Joby Aviation (JOBY) | $1.96 Billion | 0.00% | 0.50x | $10.56 Billion |
| AerSale Corp (ASLE) | $444.98 Million | 9.86% | 0.19x | $303.36 Million |
| Grupo Aeroportuario del Sureste SAB de CV ADR (ASR) | $36.68 Billion | 13.60% | 0.53x | $8.73 Billion |
| Blade Air Mobility Inc (BLDE) | $234.30 Million | -23.93% | 0.26x | $386.42 Million |
| Blade Air Mobility Inc (BLDEW) | $11.08 Million | -91.70% | 0.60x | $1.62K |
| Corporacion America Airports (CAAP) | $805.29 Million | -30.87% | 3.23x | $4.12 Billion |
| Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) | $11.43 Billion | 46.75% | 1.71x | $4.30 Billion |
| Grupo Aeroportuario del Pacifico SAB De CV ADR (PAC) | $22.08 Billion | 21.43% | 0.79x | $11.25 Billion |
| Volato Group Inc. (SOAR) | $7.91 Million | -18.62% | 0.90x | $1.08 Million |
| Volato Group Inc. (SOAR) | $14.75 Million | -358.09% | 3.86x | $5.64 Million |
About Joby Aviation
Joby Aviation, Inc., an air mobility company, engages in research, develop, test, manufacture, and sale of electric vertical takeoff and landing aircraft in the United States, Japan, Europe, and internationally. The company offers facilitation of passenger transportation via helicopter or fixed wing aircraft. It is also involved in the provision of government flight services, customer demonstrati… Read more