Financial Accounts of the United States - Z.1
R.103 Change in Net Worth of Nonfinancial Corporate Business
Billions of dollars; not seasonally adjusted| Description | Series code | 2022 | 2023 | 2024 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; net worth (1) | FC102090005 | -1809.2 | 1268.5 | 1441.9 | 439.7 | 570.3 | -95.5 | -85.1 | 1146.8 | 1299.3 | 1 |
| Nonfinancial corporate business; net worth | FU102090005 | 546.3 | 374.9 | 354.7 | 103.6 | 85.9 | 280.0 | 194.4 | -10.5 | -21.4 | 2 |
| Nonfinancial corporate business; nonfinancial assets | FU102010005 | 936.8 | 630.4 | 666.7 | 145.9 | 199.9 | 126.7 | 253.9 | 113.9 | 195.6 | 3 |
| Nonfinancial corporate business; real estate at market value | FU105035005 | 162.2 | 262.0 | 265.3 | 55.6 | 64.8 | 76.0 | 54.4 | 38.4 | 54.1 | 4 |
| Nonfinancial corporate business; equipment, current cost basis | FU105015205 | 112.7 | 132.8 | 147.3 | 37.3 | 40.8 | 35.6 | 46.7 | 52.1 | 53.5 | 5 |
| Nonfinancial corporate business; nonresidential intellectual property products, current cost basis | FU105013765 | 234.6 | 227.5 | 203.5 | 51.5 | 50.7 | 46.8 | 47.5 | 52.5 | 53.8 | 6 |
| Nonfinancial corporate business; inventories excluding IVA, current cost basis | FU105020015 | 321.8 | 10.9 | 53.9 | 2.1 | 44.4 | -30.8 | 106.3 | -28.1 | 35.1 | 7 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FU105420005 | 105.4 | -2.7 | -3.2 | -0.6 | -0.9 | -1.0 | -0.9 | -1.0 | -1.0 | 8 |
| Nonfinancial corporate business; total financial assets | FU104090005 | 2683.0 | 1457.9 | 329.4 | 56.4 | 130.5 | 459.8 | 175.3 | 256.6 | 69.9 | 9 |
| Nonfinancial corporate business; total liabilities | FU104190005 | 3073.6 | 1713.4 | 641.4 | 98.7 | 244.4 | 306.4 | 234.9 | 380.9 | 286.9 | 10 |
| Nonfinancial corporate business; net worth | FR102090005 | -2682.5 | 1001.4 | 1103.7 | 334.0 | 488.6 | -363.9 | -280.4 | 1156.3 | 1319.8 | 11 |
| Nonfinancial corporate business; nonfinancial assets | FR102010005 | 293.2 | -850.3 | -80.5 | 225.6 | -240.0 | 189.3 | -369.1 | -204.1 | 460.6 | 12 |
| Nonfinancial corporate business; real estate at market value | FR105035005 | -144.7 | -1016.9 | -290.4 | 175.2 | -260.6 | 91.3 | -375.5 | -292.1 | 307.2 | 13 |
| Nonfinancial corporate business; equipment, current cost basis (2) | FR105015205 | 335.2 | 134.6 | 94.2 | 20.5 | 24.4 | 2.1 | 10.4 | 56.5 | 98.2 | 14 |
| Nonfinancial corporate business; nonresidential intellectual property products, current cost basis (2) | FR105013765 | 83.6 | 64.6 | 91.3 | 18.7 | 25.9 | 32.6 | 17.4 | 11.9 | 48.5 | 15 |
| Nonfinancial corporate business; inventories excluding IVA, current cost basis (2) (3) | FR105020015 | 19.1 | -32.5 | 24.4 | 11.2 | -29.7 | 63.3 | -21.5 | 19.6 | 6.8 | 16 |
| Nonfinancial corporate business; total financial assets | FR104090005 | -2431.5 | 1472.7 | 931.9 | 85.9 | 592.2 | -537.0 | 151.1 | 1196.4 | 735.7 | 17 |
| Nonfinancial corporate business; debt securities; asset | FR104022005 | -22.0 | 5.1 | -2.6 | -0.5 | 6.4 | -6.4 | 3.4 | 0.2 | 1.9 | 18 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FR103092305 | 1.5 | -7.7 | 0.7 | -0.0 | 0.0 | 0.0 | 7.0 | 0.5 | 0.3 | 19 |
| Nonfinancial corporate business; corporate equities; asset | FR103064103 | -611.1 | 603.4 | 667.5 | 123.1 | 175.8 | 67.6 | -149.1 | 319.0 | 253.6 | 20 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FR103092105 | -1727.9 | 825.4 | 228.8 | -41.0 | 391.2 | -592.3 | 297.0 | 845.1 | 457.0 | 21 |
| Nonfinancial corporate business; mutual fund shares; asset | FR103064203 | -76.2 | 47.4 | 37.4 | 4.1 | 19.5 | -6.4 | -7.1 | 31.8 | 23.2 | 22 |
| Nonfinancial corporate business; total miscellaneous assets | FR103090005 | 4.1 | -0.9 | 0.2 | 0.2 | -0.7 | 0.5 | -0.2 | -0.1 | -0.2 | 23 |
| Nonfinancial corporate business; total liabilities | FR104190005 | 544.2 | -379.0 | -252.3 | -22.5 | -136.3 | 16.2 | 62.4 | -164.0 | -123.4 | 24 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FR103192305 | -19.2 | -6.3 | 15.0 | 9.4 | -4.9 | 1.7 | 11.9 | -16.1 | -0.9 | 25 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FR573073005 | 563.4 | -372.7 | -267.3 | -31.8 | -131.4 | 14.6 | 50.5 | -147.9 | -122.6 | 26 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FR103193005 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 | -0.0 | 0.0 | 27 |
| Nonfinancial corporate business; net worth (4) | FV102090005 | 327.1 | -107.8 | -16.5 | 2.1 | -4.2 | -11.6 | 0.9 | 1.0 | 1.0 | 28 |
| Nonfinancial corporate business; net worth (5) | LM102090005 | 30276.3 | 31544.8 | 32986.7 | 32511.9 | 33082.2 | 32986.7 | 32901.6 | 34048.4 | 35347.7 | 29 |
NOTES
- Sum of net investment (line 2), net holding gains (line 11), and other volume changes (line 28).
- Valued at current cost.
- Before inventory valuation adjustment.
- Consists of statistical discontinuities and disaster-related losses to fixed assets.
- Table B.103, line 46.
Last Update: January 9, 2026