Synchrony Financial (SYF) - Net Assets
Based on the latest financial reports, Synchrony Financial (SYF) has net assets worth $16.77 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 ($119.09 Billion) and total liabilities ($102.33 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 SYF tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $16.77 Billion |
| % of Total Assets | 14.08% |
| Annual Growth Rate | 10.49% |
| 5-Year Change | 22.78% |
| 10-Year Change | 18.1% |
| Growth Volatility | 21.6 |
Synchrony Financial - Net Assets Trend (2012–2025)
This chart illustrates how Synchrony Financial's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Synchrony Financial to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Synchrony Financial (2012–2025)
The table below shows the annual net assets of Synchrony Financial from 2012 to 2025. For live valuation and market cap data, see Synchrony Financial stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $16.77 Billion | +1.12% |
| 2024-12-31 | $16.58 Billion | +19.25% |
| 2023-12-31 | $13.90 Billion | +8.00% |
| 2022-12-31 | $12.87 Billion | -5.73% |
| 2021-12-31 | $13.65 Billion | +7.51% |
| 2020-12-31 | $12.70 Billion | -15.82% |
| 2019-12-31 | $15.09 Billion | +2.79% |
| 2018-12-31 | $14.68 Billion | +3.12% |
| 2017-12-31 | $14.23 Billion | +0.27% |
| 2016-12-31 | $14.20 Billion | +12.63% |
| 2015-12-31 | $12.60 Billion | +20.29% |
| 2014-12-31 | $10.48 Billion | +75.81% |
| 2013-12-31 | $5.96 Billion | +30.07% |
| 2012-12-31 | $4.58 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Synchrony Financial'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 2459800000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $24.60 Billion | 146.71% |
| Common Stock | $1.00 Million | 0.01% |
| Other Comprehensive Income | $-48.00 Million | -0.29% |
| Total Equity | $16.77 Billion | 100.00% |
Synchrony Financial Competitors by Market Cap
The table below lists competitors of Synchrony Financial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Curtiss-Wright Corporation
NYSE:CW
|
$26.05 Billion |
|
H+M HEN.+MAU.UNSP.ADR 1/5
F:HMSA
|
$26.09 Billion |
|
COSCO SHIPPING Holdings Co Ltd
SHG:601919
|
$26.16 Billion |
|
Honda Motor Co. Ltd
F:HDMA
|
$26.21 Billion |
|
Huaneng Lancang River Hydropower Inc Class A
SHG:600025
|
$26.01 Billion |
|
Bank Leumi Le-Israel B.M
TA:LUMI
|
$26.01 Billion |
|
Sterling Construction Company Inc
NASDAQ:STRL
|
$25.92 Billion |
|
SUMITOMO EL.IND.ADR
F:SMO1
|
$25.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Synchrony Financial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,580,000,000 to 16,766,000,000, a change of 186,000,000 (1.1%).
- Net income of 3,552,000,000 contributed positively to equity growth.
- Dividend payments of 510,000,000 reduced retained earnings.
- Share repurchases of 2,941,000,000 reduced equity.
- Other comprehensive income increased equity by 11,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.55 Billion | +21.19% |
| Dividends Paid | $510.00 Million | -3.04% |
| Share Repurchases | $2.94 Billion | -17.54% |
| Other Comprehensive Income | $11.00 Million | +0.07% |
| Other Changes | $74.00 Million | +0.44% |
| Total Change | $- | 1.12% |
Book Value vs Market Value Analysis
This analysis compares Synchrony Financial'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: 1.61x
- 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 13.66x to 1.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $5.51 | $75.29 | x |
| 2013-12-31 | $7.17 | $75.29 | x |
| 2014-12-31 | $13.83 | $75.29 | x |
| 2015-12-31 | $15.09 | $75.29 | x |
| 2016-12-31 | $17.07 | $75.29 | x |
| 2017-12-31 | $17.80 | $75.29 | x |
| 2018-12-31 | $19.65 | $75.29 | x |
| 2019-12-31 | $22.40 | $75.29 | x |
| 2020-12-31 | $21.75 | $75.29 | x |
| 2021-12-31 | $25.92 | $75.29 | x |
| 2022-12-31 | $26.63 | $75.29 | x |
| 2023-12-31 | $34.17 | $75.29 | x |
| 2024-12-31 | $41.39 | $75.29 | x |
| 2025-12-31 | $46.85 | $75.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Synchrony Financial 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): 21.19%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.58%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 7.10x
- Recent ROE (21.19%) is below the historical average (22.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 46.25% | 24.05% | 0.16x | 11.67x | $1.66 Billion |
| 2013 | 33.20% | 20.96% | 0.16x | 9.91x | $1.38 Billion |
| 2014 | 20.13% | 20.77% | 0.13x | 7.23x | $1.06 Billion |
| 2015 | 17.57% | 20.35% | 0.13x | 6.66x | $953.60 Million |
| 2016 | 15.86% | 18.42% | 0.14x | 6.35x | $831.40 Million |
| 2017 | 13.59% | 14.06% | 0.14x | 6.73x | $511.60 Million |
| 2018 | 19.01% | 18.41% | 0.14x | 7.28x | $1.32 Billion |
| 2019 | 24.83% | 24.01% | 0.15x | 6.95x | $2.24 Billion |
| 2020 | 10.90% | 10.80% | 0.13x | 7.55x | $114.90 Million |
| 2021 | 30.91% | 37.61% | 0.12x | 7.01x | $2.86 Billion |
| 2022 | 23.43% | 22.86% | 0.13x | 8.12x | $1.73 Billion |
| 2023 | 16.10% | 12.91% | 0.15x | 8.45x | $847.70 Million |
| 2024 | 21.10% | 16.86% | 0.17x | 7.21x | $1.84 Billion |
| 2025 | 21.19% | 18.58% | 0.16x | 7.10x | $1.88 Billion |
Industry Comparison
This section compares Synchrony Financial's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $5,362,476,965
- Average return on equity (ROE) among peers: 6.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Synchrony Financial (SYF) | $16.77 Billion | 46.25% | 6.10x | $26.04 Billion |
| Affirm Holdings Inc (AFRM) | $2.73 Billion | -18.95% | 2.48x | $21.03 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $1.49 Billion | 13.91% | 20.04x | $1.71 Billion |
| Federal Agricultural Mortgage Corporation (AGM-A) | $1.72 Billion | 12.06% | 19.66x | $142.66 Million |
| AIOS Tech Inc. (AIOS) | $189.80 Million | 9.28% | 0.49x | $3.53 Million |
| Ally Financial Inc (ALLY) | $20.49 Billion | 5.25% | 7.40x | $12.59 Billion |
| Antalpha Platform Holding Co (ANTA) | $12.71 Million | -51.81% | 56.59x | $158.11 Million |
| Atlanticus Holdings Corporation (ATLC) | $738.20 Million | 13.64% | 0.36x | $1.34 Billion |
| American Express Company (AXP) | $22.00 Billion | 31.46% | 7.59x | $215.64 Billion |
| Bread Financial Holdings, Inc. (BFH) | $3.33 Billion | 15.57% | 5.81x | $4.10 Billion |
| Credit Acceptance Corporation (CACC) | $928.10 Million | 32.29% | 2.65x | $5.46 Billion |
About Synchrony Financial
Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. The company provides credit products, such as credit cards, commercial credit products, and consumer installment loans. It also offers private label credit cards, dual and general purpose co-branded cards, short- and long-term installment loans, and consumer banking product… Read more