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Honda Motor Co., Ltd.

HMC Consumer Cyclical Auto Manufacturers

Honda Motor Co., Ltd.’s revenue for fiscal 2026 (year ended March 2026) was $143.9 billion, roughly unchanged from fiscal 2025.

Revenue
+4.19%
EPS
+105.7%
Free cash flow
+20.1%
Total debt
+16.2%

Quarter to June 2026, against a year earlier

36.31 1.09 +3.09%
Market cap
$47.1B
P/E
6.4×
Fwd P/E
11.4×
Dividend yield
1.80%
F-score
3/9
Altman Z
1.24
Beneish M
−2.52
Dividend safety
4/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 47,050.00
Revenue ttm 145,777.73
Net income ttm 12,414.74
Free cash flow ttm (1,274.90)
Net debt Q 55,245.57
Valuation
P/E 6.36
Forward P/E 11.40
Price / sales 0.32
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.59
Financial health
Current ratio Q 1.29
Debt / equity Q 1.11
Interest coverage Q 27.17
Growth
Revenue growth Q +4.19% (above 0%: growing)
Operating income growth Q +29.47% (above 0%: growing)
EPS, this year +247.49% (at or above 15%: strong)
EPS, next year A +44.79% (at or above 15%: strong)
Revenue, next year A +11,472.66% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +0.80%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 0.7×; over the ten years it ranged from 0.5× in 2023 to 0.8× in 2021.
P/E against its own 10 years 22.33%
10-year low 10-year high
P/S against its own 10 years 22.33%
10-year low 10-year high
P/B against its own 10 years 49.69%
10-year low 10-year high
EV/Sales against its own 10 years 63.88%
10-year low 10-year high

Dividends

Yield
1.80%
Annual rate
0.65
Payout ratio
11.5%
Growth, 2017–25
−1.20%/yr
  1. 1.53 ’17
  2. 0.99 ’18 −35
  3. 1.04 ’19 +5
  4. 0.78 ’20 −25
  5. 0.98 ’21 +25
  6. 0.94 ’22 −4
  7. 1.02 ’23 +9
  8. 1.42 ’24 +39
  9. 1.39 ’25 −2
  10. 50.95 ’26e +3568
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 34,187 29,890 33,441 33,368
Receivables 26,211 25,850 28,563 26,910
Inventory 16,856 16,306 16,706 16,066
Other 4,667 5,093 7,584 7,150
81,921 77,139 86,293 83,494
2024 2025 2026 Q'26
Payables 11,108 10,979 11,759 10,349
ST’ Debt 28,329 29,685 33,031 33,815
Other 12,505 10,668 15,262 13,581
57,432 56,860 67,350 64,752

Compound Annual Growth %

10y 5y 3y
Sales 1.73% 3.05% 4.76%
Cash Flow (4.23%) (5.76%) (21.94%)
Earnings 0.00% 0.00% 0.00%
Book Value 3.23% (1.87%) (1.97%)

Earnings Trends EPS, adjusted, against the consensus

Jun 2025 Estimate 0.51 Actual 0.97

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2024 0.86 0.43 Miss by 0.43
Dec 2024 0.94 1.31 Beat by 0.37
Mar 2025 0.72 0.18 Miss by 0.54
Jun 2025 0.51 0.97 Beat by 0.46

EPS $

Jun Sep Dec Mar Year
’26 2.18 — — — —
’26 0.97 — — — (2.11)
’25 1.57 — — — 3.53
’24 1.60 1.07 1.06 0.99 4.69
’23 0.67 0.80 1.02 0.34 3.03
’22 1.18 0.88 0.99 0.63 3.66
’21 (0.44) 1.31 1.58 1.17 3.59
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 38,188 — — — —
’26 36,848 — — — 143,858
’25 34,591 — — — 143,146
’24 33,762 34,392 36,653 36,151 140,959
’23 29,488 30,641 31,511 33,477 125,117
’22 32,613 30,980 32,461 33,465 129,519
’21 19,751 34,323 36,207 33,522 123,803
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 1,843 — — — —
’26 591 1,897 4,405 — 7,493
’25 (520) 980 1,012 — 1,928
’24 1,432 1,190 246 2,289 5,156
’23 4,760 4,898 2,503 3,594 15,755
’22 66 2,647 5,628 6,608 14,949
’21 (667) 5,385 3,214 2,149 10,080
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (2,123) — — — —
’26 (773) 865 757 — 1,780
’25 (1,847) (122) (2,657) — (3,584)
’24 629 374 (771) 824 1,056
’23 3,749 3,660 1,253 2,532 11,194
’22 (995) 1,743 4,871 5,573 11,192
’21 (1,886) 4,270 1,819 760 4,963
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jun ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 130,193 138,250 142,998 137,365 123,803 129,519 125,117 140,959 143,146 143,858 145,778 +1.1% 16,648,157 17,024,998 17,527,082 +395.7%
Gross margin, % 22.38 21.88 20.82 20.62 20.73 20.51 19.70 21.60 21.50 16.53 21.40 (5.8) pt
EBT 9,365 10,035 8,814 7,267 8,592 9,525 6,509 11,332 8,696 (2,662) 11,849 n/m
EBT margin, % 7.19 7.26 6.16 5.29 6.94 7.35 5.20 8.04 6.08 (1.85) 8.13 (9.0) pt
Net income 9,365 10,035 8,814 7,267 8,592 9,525 6,509 11,332 8,696 (2,662) 12,415 n/m
Per share, $
Per share, $ Revenue 72.24 77.10 81.07 78.40 71.70 75.30 73.76 86.27 91.93 107.97 112.35 +4.6%
Earnings 3.05 5.33 3.12 2.39 3.59 3.66 3.03 4.69 3.53 (2.11) 5.71 n/m
Cash flow 4.57 4.96 3.96 5.14 5.84 8.69 9.29 3.16 1.24 5.62 6.73 +2.3%
Capex (3.19) (2.80) (3.00) (3.06) (2.96) (2.18) (2.69) (2.51) (3.54) (4.29) (7.72) +3.3%
Free cash flow 1.37 2.16 0.96 2.08 2.87 6.51 6.60 0.65 (2.30) 1.34 (0.98) (0.3%)
Book value 39.06 41.33 43.70 43.51 51.03 55.74 50.18 54.93 53.52 60.17 61.32 +4.9%
Shares, m 1,802 1,793 1,764 1,752 1,727 1,720 1,696 1,634 1,557 1,332 1,485 (3.3%)
Valuation, ×
Valuation, × P/E 9.52 6.44 8.97 9.44 8.34 7.68 9.36 7.80 5.78 5.30 6.36 7.9
P/S 0.42 0.44 0.34 0.29 0.42 0.38 0.36 0.43 0.31 0.24 0.32 0.4
P/B 0.77 0.82 0.64 0.52 0.59 0.51 0.53 0.67 0.49 0.41 0.59 0.6
EV/Sales 0.75 0.74 0.65 0.61 0.80 0.68 0.59 0.68 0.61 0.61 0.70 0.7
EV/FCF 39.68 28.30 54.53 22.93 19.91 7.86 6.57 91.03 (22.93) (48.98) (80.29) 19.9
Cash, $m
Cash, $m Operating cash flow 8,231 8,889 6,984 9,011 10,080 14,949 15,755 5,156 1,928 7,493 8,736 (1.0%)
Capex (5,754) (5,017) (5,283) (5,369) (5,117) (3,757) (4,560) (4,100) (5,512) (5,713) (10,011) (0.1%)
Free cash flow 2,477 3,872 1,701 3,641 4,963 11,192 11,194 1,056 (3,584) 1,780 (1,275) (3.6%)
Balance, $m
Balance, $m Working capital 10,478 11,711 12,296 13,900 17,518 25,250 21,654 24,489 20,279 18,944 18,741 +6.8%
Net debt 43,739 40,883 43,533 44,135 46,652 39,406 28,580 35,942 45,688 55,526 55,246 +2.7%
Shareholders’ equity 70,398 74,107 77,092 76,231 88,105 95,876 85,117 89,741 83,344 80,177 79,560 +1.5%
Returns, %
Returns, % ROA 3.50 5.44 3.07 2.25 3.13 3.00 2.44 3.94 2.70 (1.32) 3.89 (4.8) pt
ROIC 4.28 4.08 3.39 3.03 2.88 3.58 3.18 4.74 3.88 (1.26) 4.69 (5.5) pt
ROE 8.91 13.20 7.27 5.47 7.52 6.84 5.33 8.74 6.37 (3.42) 9.82 (12.3) pt
People
People Employees 211,915 215,638 219,722 218,674 211,374 218,674 197,039 194,993 194,173 195,109 — (0.9%)
Revenue/emp, $m 0.61 0.64 0.65 0.63 0.59 0.59 0.63 0.72 0.74 0.74 — +2.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Honda Motor Co., Ltd. vs peers in Auto Manufacturers (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TM Toyota Motor Corporation $258.3B 9.4× 9.8× +4.07% (above 0%: growing) +11.16% (above 0%: growing) −702.74% (below 0%: shrinking) 18.03% 7.86% Compare
GM General Motors Company $75.4B 19.8× 8.1× +2.93% (above 0%: growing) +176.64% (above 0%: growing) −0.06% (below 0%: shrinking) 11.25% 7.19% Compare
RACE Ferrari N.V. $67.3B 38.2× 36.0× +5.72% (above 0%: growing) +12.78% (above 0%: growing) +29.99% (above 0%: growing) 52.41% 29.70% Compare
F Ford Motor Company $50.0B — (loss-making) 13.6× −1.99% (below 0%: shrinking) −15.82% (below 0%: shrinking) −40.46% (below 0%: shrinking) 14.90% 2.94% Compare
HMC Honda Motor Co., Ltd. $47.1B 6.4× 11.4× +4.19% (above 0%: growing) +105.66% (above 0%: growing) +20.08% (above 0%: growing) 22.24% 8.76%
RIVN Rivian Automotive, Inc. $19.4B — (loss-making) — (loss-making) +38.32% (above 0%: growing) n/m −166.98% (below 0%: shrinking) 8.17% (40.88%) Compare
STLA Stellantis N.V. $12.9B 1.2× 10.0× −55.57% (below 0%: shrinking) n/m −45.33% (below 0%: shrinking) 9.10% (0.55%) Compare
LI Li Auto Inc. Sponsored ADR $10.2B — (loss-making) — (loss-making) −10.40% (below 0%: shrinking) n/m +291.23% (above 0%: growing) 11.05% (8.96%) Compare
NIO NIO Inc. $7.6B — (loss-making) — (loss-making) +78.50% (above 0%: growing) n/m +38.68% (above 0%: growing) 18.38% (1.08%) Compare
Median of peers $34.7B 14.6× 10.0× +3.50% +11.97% −20.26% 13.08% 1.19%

All 28 Auto Manufacturers stocks →

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HMC metrics, ten years each

stockrow.com/HMC · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com