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Toyota Motor Corporation

TM Consumer Cyclical Auto Manufacturers

Toyota Motor Corporation’s revenue for fiscal 2026 (year ended March 2026) was $334.5 billion, up 5.51% from fiscal 2025.

Revenue
+4.07%
EPS
+11.2%
Free cash flow
−702.7%
Total debt
+6.00%

Quarter to June 2026, against a year earlier

195.71 0.92 −0.47%
Market cap
$232.9B
P/E
8.4×
Fwd P/E
9.8×
Dividend yield
1.60%
F-score
5/9
Altman Z
1.60
Beneish M
−2.31
Dividend safety
44/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 1.56
Sold, $m 1.58
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — 1 — — —
Sell — — — — — — 1 — — — — —
Insider Ownership 3.59%

Capital & Financial Ratios $m

Size
Market Cap 232,850.00
Revenue ttm 318,906.74
Net income ttm 42,760.69
Free cash flow ttm 11,774.30
Net debt Q 192,796.47
Valuation
P/E 8.37
Forward P/E 9.80
Price / sales 0.75
Forward P/S Powerpack
Price / FCF 20.35
Price / book 0.99
Financial health
Current ratio Q 1.17
Debt / equity Q 1.15
Interest coverage Q 3.72
Growth
Revenue growth Q +4.07% (above 0%: growing)
Operating income growth Q −41.39% (below 0%: shrinking)
EPS, this year +6.03%
EPS, next year A +10.45%
Revenue, next year A +3,872.21% (at or above 10%: strong)
EPS, past 5 yrs +5.52%
EPS, next 5 yrs A +8.57%

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 1.4×, against a ten-year median of 1.3×; over the ten years it ranged from 1.0× in 2025 to 1.6× in 2024.
P/E against its own 10 years 22.40%
10-year low 10-year high
P/S against its own 10 years 51.93%
10-year low 10-year high
P/B against its own 10 years 42.05%
10-year low 10-year high
EV/Sales against its own 10 years 73.37%
10-year low 10-year high
EV/FCF against its own 10 years 58.10%
10-year low 10-year high

Dividends raised 2 years running

Yield
1.60%
Annual rate
3.13
Payout ratio
13.4%
Growth, 2016–24
−6.79%/yr
  1. 9.59 ’16
  2. 3.76 ’17 −61%
  3. 3.95 ’18 +5%
  4. 4.02 ’19 +2%
  5. 4.24 ’20 +6%
  6. 4.55 ’21 +7%
  7. 3.96 ’22 −13%
  8. 4.50 ’23 +13%
  9. 5.46 ’24 +21%
  10. 20.96 ’25e +284%
  11. 24.30 ’26e +16%
paid forecast Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 97,388 105,060 109,838 84,109
Receivables 103,249 101,307 115,565 115,550
Inventory 31,777 30,348 33,891 34,460
Other 7,115 8,004 23,345 10,654
239,529 244,719 282,639 244,773
2024 2025 2026 Q'26
Payables 36,234 36,480 38,656 35,808
ST’ Debt 106,303 104,475 116,035 112,573
Other 37,481 37,910 48,462 44,125
201,328 194,266 221,793 209,404

Compound Annual Growth %

10y 5y 3y
Sales 3.56% 5.51% 6.76%
Cash Flow (0.25%) 7.10% 18.21%
Earnings 2.84% 3.77% 11.87%
Book Value 6.07% 3.47% 7.73%

Earnings Trends EPS, adjusted, against the consensus

Jun 2025 Estimate 4.67 Actual 4.47

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2024 4.39 2.90 Miss by 1.49
Dec 2024 4.36 9.98 Beat by 5.62
Mar 2025 2.92 3.39 Beat by 0.47
Jun 2025 4.67 4.47 Miss by 0.20

EPS $

Jun Sep Dec Mar Year
’26 7.57 — — — —
’26 4.47 — — — 19.61
’25 6.35 — — — 23.61
’24 7.05 6.54 6.81 4.99 25.35
’23 4.14 2.30 3.78 3.07 13.28
’22 5.87 4.09 5.03 3.34 18.28
’21 1.06 3.15 5.67 5.18 14.99
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 85,210 — — — —
’26 84,548 — — — 334,521
’25 75,762 — — — 317,042
’24 76,992 78,900 81,880 73,386 311,158
’23 65,382 66,371 69,258 73,931 274,942
’22 72,214 68,666 68,515 69,883 279,278
’21 42,787 63,680 78,240 71,110 255,817
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 3,380 — — — —
’26 12,948 7,076 24,503 — 36,121
’25 4,375 7,800 18,637 — 24,400
’24 9,915 5,804 3,227 10,078 29,024
’23 5,883 6,060 1,021 8,904 21,868
’22 8,727 8,316 6,203 9,886 33,131
’21 6,261 5,860 5,486 8,028 25,635
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (2,209) — — — —
’26 6,840 852 6,291 — 10,338
’25 (1,114) 1,616 366 — 1,437
’24 4,757 2,035 (1,461) 3,788 9,119
’23 2,343 2,924 (2,659) 4,531 7,140
’22 2,273 2,886 2,618 5,327 13,103
’21 1,226 1,040 (1,193) 2,419 3,492
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
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 256,654 264,416 272,031 275,356 255,817 279,278 274,942 311,158 317,042 334,521 318,907 +3.0% 13,287,871 13,730,020 14,128,175 +248.2%
Gross margin, % 17.62 18.69 18.01 18.07 17.76 19.03 16.99 20.77 19.94 16.70 19.14 (0.9) pt
EBT 20,403 23,584 20,569 23,502 27,564 35,516 27,149 48,059 42,336 34,010 43,585 +5.8%
EBT margin, % 7.95 8.92 7.56 8.54 10.77 12.72 9.87 15.45 13.35 10.17 13.67 +2.2 pt
Net income 17,921 23,275 17,870 19,709 21,454 25,584 18,448 34,993 31,612 26,306 42,761 +4.4%
Per share, $
Per share, $ Revenue 170.64 179.43 189.47 196.76 183.03 201.10 201.30 230.27 239.23 256.67 260.57 +4.6%
Earnings 11.20 15.21 11.82 13.54 15.16 18.28 13.28 25.35 23.61 19.61 23.38 +6.4%
Cash flow 21.11 25.71 23.61 23.60 18.34 23.86 16.01 21.48 18.41 27.71 39.14 +3.1%
Capex (13.99) (14.14) (14.34) (14.17) (15.84) (14.42) (10.78) (14.73) (17.33) (19.78) (29.52) +3.9%
Free cash flow 7.13 11.57 9.27 9.44 2.50 9.44 5.23 6.75 1.08 7.93 9.62 +1.2%
Book value 115.44 118.66 125.79 136.33 163.35 174.03 158.55 179.94 183.66 207.72 196.79 +6.7%
Shares, m 1,504 1,474 1,436 1,399 1,398 1,389 1,366 1,351 1,325 1,303 1,306 (1.6%)
Valuation, ×
Valuation, × P/E 9.71 8.36 10.21 8.88 10.30 9.83 10.66 9.54 7.15 9.11 8.37 9.4
P/S 0.64 0.71 0.63 0.61 0.85 0.90 0.70 1.05 0.77 0.85 0.75 0.8
P/B 0.97 1.07 0.95 0.88 0.96 1.04 0.89 1.35 0.98 1.03 0.99 1.0
EV/Sales 1.12 1.17 1.11 1.11 1.45 1.47 1.25 1.55 1.31 1.38 1.36 1.3
EV/FCF 26.75 18.13 22.63 23.06 106.46 31.25 47.99 52.87 87.50 30.29 36.72 44.7
Cash, $m
Cash, $m Operating cash flow 31,752 37,890 33,899 33,034 25,635 33,131 21,868 29,024 24,400 36,121 47,907 +1.4%
Capex (21,036) (20,841) (20,595) (19,828) (22,144) (20,028) (14,728) (19,905) (22,963) (25,783) (36,133) +2.3%
Free cash flow 10,717 17,050 13,304 13,206 3,492 13,103 7,140 9,119 1,437 10,338 11,774 (0.4%)
Balance, $m
Balance, $m Working capital 4,787 3,202 5,871 6,809 12,374 16,733 18,501 38,201 50,453 60,846 35,369 +32.6%
Net debt 123,285 122,631 128,898 136,671 153,627 159,092 149,092 154,888 150,973 175,319 192,796 +4.0%
Shareholders’ equity 173,621 174,871 180,604 190,787 228,310 241,678 216,555 243,151 243,401 270,732 240,842 +5.1%
Returns, %
Returns, % ROA 4.02 4.95 3.68 4.01 3.95 4.27 3.15 5.82 5.07 3.87 4.74 (0.2) pt
ROIC 3.90 4.54 4.48 4.29 3.38 4.16 3.45 5.80 5.02 3.48 4.40 (0.4) pt
ROE 10.80 13.05 9.53 10.29 10.07 10.79 7.92 14.84 12.93 9.88 12.45 (0.9) pt
People
People Employees 364,445 369,124 370,870 359,542 366,283 372,817 375,235 380,793 383,853 390,927 — +0.8%
Revenue/emp, $m 0.70 0.72 0.73 0.77 0.70 0.75 0.73 0.82 0.83 0.86 — +2.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Toyota Motor Corporation 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
TSLA Tesla, Inc. $1.59T 338× 395× +25.52% (above 0%: growing) −5.56% (below 0%: shrinking) −852.74% (below 0%: shrinking) 16.83% 1.41% Compare
TM Toyota Motor Corporation $232.9B 8.4× 9.8× +4.07% (above 0%: growing) +11.16% (above 0%: growing) −702.74% (below 0%: shrinking) 18.03% 7.86%
GM General Motors Company $72.3B 42.0× 8.1× +1.92% (above 0%: growing) −25.77% (below 0%: shrinking) −7.52% (below 0%: shrinking) 7.61% 3.04% Compare
RACE Ferrari N.V. $63.7B 36.8× 36.0× +11.03% (above 0%: growing) +12.96% (above 0%: growing) +0.50% (above 0%: growing) 52.59% 31.22% Compare
F Ford Motor Company $49.3B — (loss-making) 13.6× −3.76% (below 0%: shrinking) n/m −53.58% (below 0%: shrinking) 12.59% 1.32% Compare
HMC Honda Motor Co., Ltd. $44.0B 6.0× 11.4× +4.19% (above 0%: growing) +105.66% (above 0%: growing) +20.08% (above 0%: growing) 22.24% 8.76% Compare
RIVN Rivian Automotive, Inc. $16.6B — (loss-making) — (loss-making) +27.24% (above 0%: growing) n/m −113.32% (below 0%: shrinking) 10.80% (50.42%) Compare
STLA Stellantis N.V. $13.6B 0.7× 10.0× −44.85% (below 0%: shrinking) −96.94% (below 0%: shrinking) −164.34% (below 0%: shrinking) 10.98% 2.26% Compare
LI Li Auto Inc. Sponsored ADR $9.5B — (loss-making) — (loss-making) −10.40% (below 0%: shrinking) n/m +291.23% (above 0%: growing) 11.05% (8.96%) Compare
Median of peers $46.6B 36.8× 12.5× +3.06% −5.56% −30.55% 11.82% 1.83%

All 28 Auto Manufacturers stocks →

Toyota Motor Corporation (TM) Latest News

29 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · GlobeNewswire

28 Oct

Impact 3 · · 24/7 Wall St.

26 Oct

Impact 4 · · 24/7 Wall St.
Impact 3 · · Zacks
Impact 3 · · Zacks

22 Oct

Impact 4 · · The Motley Fool

21 Oct

Impact 4 · · wardsauto.com
Impact 4 · · just-auto.com
Impact 3 · · TIKR

20 Oct

Impact 4 · · PR Newswire
Impact 3 · · Zacks

19 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks

17 Oct

Impact 4 · · The Telegraph

16 Oct

Impact 4 · · just-auto.com

15 Oct

Impact 3 · · Bloomberg

13 Oct

Impact 3 · · Zacks
Impact 3 · · 24/7 Wall St.

9 Oct

Impact 4 · · just-auto.com

8 Oct

Impact 3 · · PR Newswire

5 Oct

Impact 3 · · 24/7 Wall St.
Impact 3 · · Zacks

2 Oct

Impact 3 · · TIKR

1 Oct

Impact 4 · · PR Newswire
Impact 4 · · PR Newswire
Impact 3 · · PR Newswire
Impact 3 · · 24/7 Wall St.
stockrow.com/TM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com