Honda Motor Co., Ltd. (HMC) 10-Year Financial Performance & Capital Metrics

HMC •

Consumer CyclicalAuto ManufacturersGlobal mass-market automakers

AboutHonda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life Creation and Other Businesses. The Motorcycle Business segment produces motorcycles, including sports, business, and commuter models; and various off-road vehicles, such as all-terrain vehicles and side-by-sides. The Automobile Business segment offers passenger cars, light trucks, and mini vehicles. The Financial Services Business segment provides various financial services, including retail lending and leasing services to customers, as well as wholesale financing services to dealers. The Life Creation and Other Businesses segment manufactures and sells power products, such as general purpose engines, generators, water pumps, lawn mowers, riding mowers, robotic mowers, brush cutters, tillers, snow blowers, outboard marine engines, walking assist devices, and portable battery inverter power sources. This segment also offers HondaJet aircraft. The company also sells spare parts; and provides after-sale services through retail dealers directly, as well as through independent distributors and licensees. Honda Motor Co., Ltd. was founded in 1946 and is headquartered in Tokyo, Japan.Show more

Revenue $21688.77B +6.2%
EBITDA $1956.35B -10.1%
Net Income $835.84B -24.5%
EPS (Diluted) 536.79 -20.8%
Gross Margin 21.5% -0.4%
EBITDA Margin 9.02% -15.3%
Operating Margin 5.59% -17.3%
Net Margin 3.85% -28.9%
ROE 6.52% -27.8%
ROIC 5.94% -4.2%
Debt/Equity 0.35 -54.8%
Interest Coverage 22.10 -4.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 4.7%
✓Share count reduced 4.7% through buybacks
✓Trading at only 0.6x book value

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.54%

5Y7.75%

3Y14.23%

TTM-1.94%

Profit (Net Income) CAGR

10Y5.08%

5Y12.9%

3Y5.74%

TTM-52.44%

EPS CAGR

10Y6.62%

5Y15.59%

3Y9.3%

TTM-44.78%

ROCE

10Y Avg5.22%

5Y Avg5.26%

3Y Avg5.64%

Latest5.56%

Peer Comparison

Global mass-market automakers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GMGeneral Motors Company	71.15B	78.71	24.07	-1.29%	1.79%	5.24%	15.56%	2.06
TMToyota Motor Corporation	315.9B	242.38	10.53	6.52%	9.38%	12.04%		1.05
HMCHonda Motor Co., Ltd.	39.13B	30.16	8.77	6.17%	2.32%	3.88%		0.35
STLAStellantis N.V.	23.37B	8.09	3.73	-17.23%	3.38%	14.83%		0.45
FFord Motor Company	55.23B	14.10	-6.84	1.23%	2.48%	9.92%	38.53%	4.54

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	14.6T	14T	15.36T	15.89T	14.93T	13.17T	14.55T	16.91T	20.43T	21.69T
Revenue Growth %	15.45%	-4.12%	9.73%	3.43%	-6.03%	-11.79%	10.49%	16.18%	20.83%	6.17%
Cost of Goods Sold+	11.33T	10.87T	12T	12.58T	11.85T	10.44T	11.57T	13.58T	16.02T	17.02T
COGS % of Revenue	77.61%	77.62%	78.12%	79.18%	79.38%	79.27%	79.49%	80.3%	78.4%	78.5%
Gross Profit+	3.27T	3.13T	3.36T	3.31T	3.08T	2.73T	2.98T	3.33T	4.41T	4.66T
Gross Margin %	22.39%	22.38%	21.88%	20.82%	20.62%	20.73%	20.51%	19.7%	21.6%	21.5%
Gross Profit Growth %	2.32%	-4.14%	7.25%	-1.57%	-6.9%	-11.32%	9.3%	11.62%	32.43%	5.71%
Operating Expenses+	2.77T	2.29T	2.53T	2.58T	2.45T	2.07T	2.11T	2.55T	3.03T	3.45T
OpEx % of Revenue	18.94%	16.38%	16.45%	16.25%	16.38%	15.72%	14.52%	15.09%	14.83%	15.91%
Selling, General & Admin	2.11T	1.62T	1.78T	1.77T	1.64T	1.33T	1.33T	1.67T	2.11T	2.35T
SG&A % of Revenue	14.44%	11.59%	11.56%	11.17%	10.99%	10.11%	9.12%	9.88%	10.31%	10.84%
Research & Development	656.5B	691.43B	751.86B	806.9B	804.12B	738.89B	787.06B	880.91B	923.63B	1.1T
R&D % of Revenue	4.5%	4.94%	4.89%	5.08%	5.39%	5.61%	5.41%	5.21%	4.52%	5.07%
Other Operating Expenses	0	-21.39B	0	0	0	0	0	0	0	0
Operating Income+	503.38B	840.71B	833.56B	726.37B	633.64B	660.21B	871.23B	780.77B	1.38T	1.21T
Operating Margin %	3.45%	6.01%	5.43%	4.57%	4.24%	5.01%	5.99%	4.62%	6.76%	5.59%
Operating Income Growth %	-24.94%	67.01%	-0.85%	-12.86%	-12.77%	4.19%	31.96%	-10.38%	77%	-12.19%
EBITDA+	1.16T	2.18T	2.29T	2.2T	2.1T	2.09T	2.35T	1.5T	2.18T	1.96T
EBITDA Margin %	7.97%	15.55%	14.89%	13.82%	14.03%	15.83%	16.14%	8.89%	10.65%	9.02%
EBITDA Growth %	-10.17%	87.02%	5.08%	-4.05%	-4.56%	-0.46%	12.6%	-36.02%	44.86%	-10.11%
D&A (Non-Cash Add-back)	660.71B	1.34T	1.45T	1.47T	1.46T	1.43T	1.48T	721.63B	794.37B	742.86B
EBIT	653.6B	1.02T	1.13T	992.59B	814.61B	655.2B	884.54B	915.68B	1.7T	1.37T
Net Interest Income+	8.95B	24.85B	31.11B	40.48B	227.39M	55.89M	8.76B	36.96B	114.06B	136.22B
Interest Income	28.47B	32.39B	41.19B	48.62B	454.46M	186.74M	25.63B	73.07B	173.69B	191.13B
Interest Expense	18.15B	12.47B	12.97B	13.22B	227.08M	130.84M	16.87B	36.11B	59.63B	54.91B
Other Income/Expense	132.07B	166.28B	281.42B	253B	156.28B	253.84B	198.96B	98.8B	260.41B	104.15B
Pretax Income+	635.45B	1.01T	1.11T	979.38B	789.92B	914.05B	1.07T	879.57B	1.64T	1.32T
Pretax Margin %	4.35%	7.19%	7.26%	6.16%	5.29%	6.94%	7.35%	5.2%	8.04%	6.08%
Income Tax+	229.09B	327.59B	-13.67B	303.09B	279.99B	218.61B	309.49B	162.26B	459.79B	414.61B
Effective Tax Rate %	54.22%	61.23%	95.01%	62.32%	57.7%	71.92%	66.07%	74.06%	67.41%	63.43%
Net Income+	344.53B	616.57B	1.06T	610.32B	455.75B	657.42B	707.07B	651.42B	1.11T	835.84B
Net Margin %	2.36%	4.4%	6.9%	3.84%	3.05%	4.99%	4.86%	3.85%	5.42%	3.85%
Net Income Growth %	-32.37%	78.96%	71.81%	-42.39%	-25.33%	44.25%	7.55%	-7.87%	69.96%	-24.51%
Net Income (Continuing)	406.36B	679.39B	1.13T	676.29B	509.93B	695.44B	760.7B	717.31B	1.18T	903.03B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	270.36B	274.33B	300.56B	298.07B	273.76B	290.53B	299.72B	318.04B	308.88B	301.29B
EPS (Diluted)+	191.16	342.09	590.79	346.86	260.13	380.76	411.09	384.03	677.64	536.79
EPS Growth %	-32.37%	78.95%	72.7%	-41.29%	-25%	46.37%	7.97%	-6.58%	76.45%	-20.79%
EPS (Basic)	191.16	342.09	590.79	346.86	260.13	380.76	411.09	384.03	677.64	536.79
Diluted Shares Outstanding	1.8B	1.8B	1.79B	1.76B	1.75B	1.73B	1.72B	1.7B	1.63B	1.56B
Basic Shares Outstanding	1.8B	1.8B	1.79B	1.76B	1.75B	1.73B	1.72B	1.7B	1.63B	1.56B
Dividend Payout Ratio	46.03%	26.31%	16.45%	31.83%	43.18%	22.07%	26.65%	32.77%	21.85%	41.61%

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	6.24T	6.56T	6.93T	7.35T	7.3T	7.58T	8.84T	9.58T	11.87T	11.69T
Cash & Short-Term Investments	1.86T	2.26T	2.47T	2.66T	2.86T	3.05T	3.89T	4.07T	5.18T	4.74T
Cash Only	1.76T	2.11T	2.26T	2.49T	2.67T	2.76T	3.67T	3.8T	4.95T	4.53T
Short-Term Investments	103.03B	149.43B	213.18B	163.27B	190.05B	295.31B	217.74B	263.89B	229.58B	208.48B
Accounts Receivable	2.75T	2.64T	2.64T	2.74T	2.51T	801.81B	2.59T	2.96T	3.8T	3.92T
Days Sales Outstanding	68.81	68.91	62.76	63.06	61.41	22.22	64.98	63.89	67.87	65.91
Inventory	1.31T	1.36T	1.52T	1.59T	1.56T	1.55T	1.92T	2.17T	2.44T	2.47T
Days Inventory Outstanding	42.3	45.82	46.34	46.04	48.06	54.04	60.54	58.27	55.67	52.97
Other Current Assets	315.12B	292.97B	291.01B	358.23B	365.77B	2.18T	439.32B	384.49B	446.76B	563.25B
Total Non-Current Assets+	11.99T	12.4T	12.42T	13.07T	13.16T	14.34T	15.13T	15.09T	17.9T	19.09T
Property, Plant & Equipment	6.82T	7.31T	7.15T	7.43T	7.68T	3.02T	8.24T	7.89T	8.44T	8.96T
Fixed Asset Turnover	2.14x	1.92x	2.15x	2.14x	1.94x	4.36x	1.77x	2.14x	2.42x	2.42x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	824.94B	778.19B	741.51B	744.37B	760.43B	818.76B	849.51B	870.9B	999.69B	1.13T
Long-Term Investments	928.21B	961.87B	1.12T	1.13T	1.1T	1.52T	1.79T	1.77T	2.18T	2.12T
Other Non-Current Assets	3.24T	3.24T	3.29T	3.62T	3.49T	8.98T	4.17T	4.45T	6.12T	6.74T
Total Assets+	18.23T	18.96T	19.35T	20.42T	20.46T	21.92T	23.97T	24.67T	29.77T	30.78T
Asset Turnover	0.80x	0.74x	0.79x	0.78x	0.73x	0.60x	0.61x	0.69x	0.69x	0.70x
Asset Growth %	0.85%	4%	2.06%	5.53%	0.21%	7.13%	9.36%	2.91%	20.69%	3.36%
Total Current Liabilities+	5.47T	5.43T	5.62T	5.98T	5.79T	5.72T	6T	6.65T	8.32T	8.62T
Accounts Payable	1.13T	1.18T	1.22T	1.18T	958.47B	1.09T	1.24T	1.43T	1.61T	1.66T
Days Payables Outstanding	36.33	39.75	37.25	34.38	29.52	38.04	39.01	38.35	36.69	35.66
Short-Term Debt	2.79T	2.79T	2.92T	3.19T	3.19T	1.71T	3.07T	3.25T	4.03T	4.42T
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.15T	1.02T	1.06T	1.12T	1.15T	2.44T	1.23T	1.47T	1.89T	1.69T
Current Ratio	1.14x	1.21x	1.23x	1.23x	1.26x	1.33x	1.47x	1.44x	1.43x	1.36x
Quick Ratio	0.90x	0.96x	0.96x	0.96x	0.99x	1.06x	1.15x	1.11x	1.13x	1.07x
Cash Conversion Cycle	74.78	74.98	71.85	74.72	79.96	38.22	86.51	83.81	86.86	83.22
Total Non-Current Liabilities+	5.73T	5.96T	5.49T	5.87T	6.39T	6.83T	7.2T	6.52T	8.44T	9.53T
Long-Term Debt	3.74T	4.02T	3.88T	4.14T	4.22T	4.72T	4.98T	4.37T	6.06T	0
Capital Lease Obligations	0	0	60.01B	62.31B	0	256.38B	0	0	0	0
Deferred Tax Liabilities	789.83B	900.45B	629.72B	727.41B	698.87B	0	990.75B	877.3B	855.07B	718.08B
Other Non-Current Liabilities	1.2T	1.04T	294.47B	320.6B	1.47T	1.86T	1.22T	1.26T	1.53T	8.81T
Total Liabilities	11.2T	11.39T	11.12T	11.85T	12.18T	12.55T	13.2T	13.17T	16.77T	18.15T
Total Debt+	6.53T	6.81T	6.8T	7.33T	7.41T	6.74T	8.05T	7.62T	10.08T	4.42T
Net Debt	4.77T	4.7T	4.54T	4.84T	4.74T	3.98T	4.38T	3.82T	5.13T	-106.56B
Debt / Equity	0.93x	0.90x	0.83x	0.86x	0.89x	0.72x	0.75x	0.66x	0.78x	0.35x
Debt / EBITDA	5.61x	3.13x	2.97x	3.34x	3.54x	3.23x	3.43x	5.07x	4.63x	2.26x
Net Debt / EBITDA	4.10x	2.16x	1.99x	2.20x	2.26x	1.91x	1.86x	2.54x	2.36x	-0.05x
Interest Coverage	27.74x	67.41x	64.27x	54.96x	2790.42x	5045.76x	51.65x	21.62x	23.18x	22.10x
Total Equity+	7.03T	7.57T	8.23T	8.57T	8.29T	9.37T	10.77T	11.5T	13.01T	12.63T
Equity Growth %	0.97%	7.65%	8.78%	4.03%	-3.27%	13.12%	14.93%	6.77%	13.07%	-2.91%
Book Value per Share	3901.60	4200.02	4592.13	4868.14	4729.45	5428.38	6263.25	6780.78	7960.24	8109.69
Total Shareholders' Equity	6.76T	7.3T	7.93T	8.27T	8.01T	9.08T	10.47T	11.18T	12.7T	12.33T
Common Stock	86.07B	86.07B	86.07B	86.07B	86.07B	86.07B	86.07B	86.07B	86.07B	86.07B
Retained Earnings	6.19T	6.71T	7.61T	7.97T	8.14T	8.9T	9.54T	9.98T	10.64T	11.12T
Treasury Stock	-26.18B	-26.19B	-113.27B	-177.83B	-273.94B	-273.79B	-328.31B	-484.93B	-550.81B	-1.27T
Accumulated OCI	336.12B	351.41B	178.29B	214.38B	-114.64B	196.71B	0	0	0	0
Minority Interest	270.36B	274.33B	300.56B	298.07B	273.76B	290.53B	299.72B	318.04B	308.88B	301.29B

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	1.39T	885.07B	987.67B	775.99B	979.41B	1.07T	1.68T	2.13T	747.28B	292.15B
Operating CF Margin %	9.53%	6.32%	6.43%	4.88%	6.56%	8.14%	11.54%	12.59%	3.66%	1.35%
Operating CF Growth %	36.32%	-36.37%	11.59%	-21.43%	26.22%	9.49%	56.63%	26.76%	-64.9%	-60.9%
Net Income	635.45B	1.01T	1.11T	979.38B	789.92B	914.05B	1.07T	879.57B	1.64T	1.32T
Depreciation & Amortization	660.71B	674.33B	713.09B	721.7B	699.88B	624.24B	611.06B	721.63B	794.37B	742.86B
Stock-Based Compensation	0	0	0	125M	140M	129M	159M	0	0	0
Deferred Taxes	0	0	0	-196.66B	-82.56B	-164.39B	-72.41B	0	0	0
Other Non-Cash Items	-166.42B	-260.78B	-312.31B	-208.98B	-167.57B	-109.36B	-232.01B	-328.01B	-557.64B	-419.01B
Working Capital Changes	261.25B	-535.46B	-528.08B	-519.57B	-260.39B	-192.29B	302.62B	855.84B	-1.13T	-1.35T
Change in Receivables	-88.17B	49.22B	-41.78B	9.34B	132.7B	-133.79B	-24.04B	-197.4B	-1.59T	-835.14B
Change in Inventory	66.41B	-72.14B	-202.92B	-60.91B	-59.93B	68.28B	-208.9B	-171.47B	-67.83B	-79.46B
Change in Payables	105.19B	13B	69.43B	-11.82B	-141.16B	101.3B	50.12B	105.27B	36.52B	112.64B
Cash from Investing+	-875.08B	-650.62B	-615.11B	-577.55B	-619.48B	-796.88B	-376.06B	-678.06B	-867.27B	-941.97B
Capital Expenditures	-871.96B	-637.45B	-572.49B	-607.81B	-601.26B	-551.14B	-449.23B	-475.05B	-348.68B	-510.8B
CapEx % of Revenue	5.97%	4.55%	3.73%	3.83%	4.03%	4.18%	3.09%	2.81%	1.71%	2.36%
Acquisitions	-1M	12.83B	-2.45B	-2.4B	-17.63B	-95.95B	-46.06B	-23.09B	-192.31B	-135.53B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	25.23B	18.71B	15.76B	23.41B	16.23B	6.77B	73.17B	-141.23B	-245.57B	-324.37B
Cash from Financing+	-95.3B	115.42B	-174.33B	22.92B	-87.41B	-283.98B	-615.72B	-1.47T	918.65B	280.48B
Debt Issued (Net)	153.61B	358.08B	135.3B	348.62B	264.02B	-96.73B	-311.32B	-1.05T	1.49T	1.41T
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-158.6B	-162.21B	-174.22B	-194.27B	-196.79B	-145.09B	-188.4B	-213.47B	-241.87B	-347.81B
Share Repurchases	-13M	-11M	-87.08B	-64.56B	-96.11B	0	-62.18B	0	0	0
Other Financing	-90.3B	-80.44B	-48.33B	-66.87B	-58.52B	-42.31B	-53.81B	-51.38B	-83.47B	-63.14B
Net Change in Cash	285.73B	348.52B	150.51B	237.63B	178.23B	85.67B	916.91B	128.08B	1.15T	-425.77B
Free Cash Flow+	519.04B	247.62B	415.18B	168.18B	378.16B	521.24B	1.23T	1.5T	138.61B	-555.28B
FCF Margin %	3.55%	1.77%	2.7%	1.06%	2.53%	3.96%	8.45%	8.85%	0.68%	-2.56%
FCF Growth %	167.03%	-52.29%	67.67%	-59.49%	124.85%	37.84%	136.05%	21.63%	-90.74%	-500.6%
FCF per Share	287.99	137.39	231.55	95.58	215.84	301.88	715.36	882.23	84.84	-356.61
FCF Conversion (FCF/Net Income)	4.04x	1.44x	0.93x	1.27x	2.15x	1.63x	2.38x	3.27x	0.67x	0.35x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.92%	8.45%	13.41%	7.27%	5.41%	7.45%	7.02%	5.85%	9.04%	6.52%
Return on Invested Capital (ROIC)	3.15%	5.24%	4.99%	4.16%	3.6%	3.75%	4.58%	3.84%	6.2%	5.94%
Gross Margin	22.39%	22.38%	21.88%	20.82%	20.62%	20.73%	20.51%	19.7%	21.6%	21.5%
Net Margin	2.36%	4.4%	6.9%	3.84%	3.05%	4.99%	4.86%	3.85%	5.42%	3.85%
Debt / Equity	0.93x	0.90x	0.83x	0.86x	0.89x	0.72x	0.75x	0.66x	0.78x	0.35x
Interest Coverage	27.74x	67.41x	64.27x	54.96x	2790.42x	5045.76x	51.65x	21.62x	23.18x	22.10x
FCF Conversion	4.04x	1.44x	0.93x	1.27x	2.15x	1.63x	2.38x	3.27x	0.67x	0.35x
Revenue Growth	15.45%	-4.12%	9.73%	3.43%	-6.03%	-11.79%	10.49%	16.18%	20.83%	6.17%

US Stock Screener

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Honda Motor Co., Ltd. (HMC) 10-Year Financial Performance & Capital Metrics

HMC •

Consumer CyclicalAuto ManufacturersGlobal mass-market automakers

Revenue $21688.77B +6.2%
EBITDA $1956.35B -10.1%
Net Income $835.84B -24.5%
EPS (Diluted) 536.79 -20.8%
Gross Margin 21.5% -0.4%
EBITDA Margin 9.02% -15.3%
Operating Margin 5.59% -17.3%
Net Margin 3.85% -28.9%
ROE 6.52% -27.8%
ROIC 5.94% -4.2%
Debt/Equity 0.35 -54.8%
Interest Coverage 22.10 -4.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 4.7%
✓Share count reduced 4.7% through buybacks
✓Trading at only 0.6x book value

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.54%

5Y7.75%

3Y14.23%

TTM-1.94%

Profit (Net Income) CAGR

10Y5.08%

5Y12.9%

3Y5.74%

TTM-52.44%

EPS CAGR

10Y6.62%

5Y15.59%

3Y9.3%

TTM-44.78%

ROCE

10Y Avg5.22%

5Y Avg5.26%

3Y Avg5.64%

Latest5.56%

Peer Comparison

Global mass-market automakers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GMGeneral Motors Company	71.15B	78.71	24.07	-1.29%	1.79%	5.24%	15.56%	2.06
TMToyota Motor Corporation	315.9B	242.38	10.53	6.52%	9.38%	12.04%		1.05
HMCHonda Motor Co., Ltd.	39.13B	30.16	8.77	6.17%	2.32%	3.88%		0.35
STLAStellantis N.V.	23.37B	8.09	3.73	-17.23%	3.38%	14.83%		0.45
FFord Motor Company	55.23B	14.10	-6.84	1.23%	2.48%	9.92%	38.53%	4.54

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	14.6T	14T	15.36T	15.89T	14.93T	13.17T	14.55T	16.91T	20.43T	21.69T
Revenue Growth %	15.45%	-4.12%	9.73%	3.43%	-6.03%	-11.79%	10.49%	16.18%	20.83%	6.17%
Cost of Goods Sold+	11.33T	10.87T	12T	12.58T	11.85T	10.44T	11.57T	13.58T	16.02T	17.02T
COGS % of Revenue	77.61%	77.62%	78.12%	79.18%	79.38%	79.27%	79.49%	80.3%	78.4%	78.5%
Gross Profit+	3.27T	3.13T	3.36T	3.31T	3.08T	2.73T	2.98T	3.33T	4.41T	4.66T
Gross Margin %	22.39%	22.38%	21.88%	20.82%	20.62%	20.73%	20.51%	19.7%	21.6%	21.5%
Gross Profit Growth %	2.32%	-4.14%	7.25%	-1.57%	-6.9%	-11.32%	9.3%	11.62%	32.43%	5.71%
Operating Expenses+	2.77T	2.29T	2.53T	2.58T	2.45T	2.07T	2.11T	2.55T	3.03T	3.45T
OpEx % of Revenue	18.94%	16.38%	16.45%	16.25%	16.38%	15.72%	14.52%	15.09%	14.83%	15.91%
Selling, General & Admin	2.11T	1.62T	1.78T	1.77T	1.64T	1.33T	1.33T	1.67T	2.11T	2.35T
SG&A % of Revenue	14.44%	11.59%	11.56%	11.17%	10.99%	10.11%	9.12%	9.88%	10.31%	10.84%
Research & Development	656.5B	691.43B	751.86B	806.9B	804.12B	738.89B	787.06B	880.91B	923.63B	1.1T
R&D % of Revenue	4.5%	4.94%	4.89%	5.08%	5.39%	5.61%	5.41%	5.21%	4.52%	5.07%
Other Operating Expenses	0	-21.39B	0	0	0	0	0	0	0	0
Operating Income+	503.38B	840.71B	833.56B	726.37B	633.64B	660.21B	871.23B	780.77B	1.38T	1.21T
Operating Margin %	3.45%	6.01%	5.43%	4.57%	4.24%	5.01%	5.99%	4.62%	6.76%	5.59%
Operating Income Growth %	-24.94%	67.01%	-0.85%	-12.86%	-12.77%	4.19%	31.96%	-10.38%	77%	-12.19%
EBITDA+	1.16T	2.18T	2.29T	2.2T	2.1T	2.09T	2.35T	1.5T	2.18T	1.96T
EBITDA Margin %	7.97%	15.55%	14.89%	13.82%	14.03%	15.83%	16.14%	8.89%	10.65%	9.02%
EBITDA Growth %	-10.17%	87.02%	5.08%	-4.05%	-4.56%	-0.46%	12.6%	-36.02%	44.86%	-10.11%
D&A (Non-Cash Add-back)	660.71B	1.34T	1.45T	1.47T	1.46T	1.43T	1.48T	721.63B	794.37B	742.86B
EBIT	653.6B	1.02T	1.13T	992.59B	814.61B	655.2B	884.54B	915.68B	1.7T	1.37T
Net Interest Income+	8.95B	24.85B	31.11B	40.48B	227.39M	55.89M	8.76B	36.96B	114.06B	136.22B
Interest Income	28.47B	32.39B	41.19B	48.62B	454.46M	186.74M	25.63B	73.07B	173.69B	191.13B
Interest Expense	18.15B	12.47B	12.97B	13.22B	227.08M	130.84M	16.87B	36.11B	59.63B	54.91B
Other Income/Expense	132.07B	166.28B	281.42B	253B	156.28B	253.84B	198.96B	98.8B	260.41B	104.15B
Pretax Income+	635.45B	1.01T	1.11T	979.38B	789.92B	914.05B	1.07T	879.57B	1.64T	1.32T
Pretax Margin %	4.35%	7.19%	7.26%	6.16%	5.29%	6.94%	7.35%	5.2%	8.04%	6.08%
Income Tax+	229.09B	327.59B	-13.67B	303.09B	279.99B	218.61B	309.49B	162.26B	459.79B	414.61B
Effective Tax Rate %	54.22%	61.23%	95.01%	62.32%	57.7%	71.92%	66.07%	74.06%	67.41%	63.43%
Net Income+	344.53B	616.57B	1.06T	610.32B	455.75B	657.42B	707.07B	651.42B	1.11T	835.84B
Net Margin %	2.36%	4.4%	6.9%	3.84%	3.05%	4.99%	4.86%	3.85%	5.42%	3.85%
Net Income Growth %	-32.37%	78.96%	71.81%	-42.39%	-25.33%	44.25%	7.55%	-7.87%	69.96%	-24.51%
Net Income (Continuing)	406.36B	679.39B	1.13T	676.29B	509.93B	695.44B	760.7B	717.31B	1.18T	903.03B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	270.36B	274.33B	300.56B	298.07B	273.76B	290.53B	299.72B	318.04B	308.88B	301.29B
EPS (Diluted)+	191.16	342.09	590.79	346.86	260.13	380.76	411.09	384.03	677.64	536.79
EPS Growth %	-32.37%	78.95%	72.7%	-41.29%	-25%	46.37%	7.97%	-6.58%	76.45%	-20.79%
EPS (Basic)	191.16	342.09	590.79	346.86	260.13	380.76	411.09	384.03	677.64	536.79
Diluted Shares Outstanding	1.8B	1.8B	1.79B	1.76B	1.75B	1.73B	1.72B	1.7B	1.63B	1.56B
Basic Shares Outstanding	1.8B	1.8B	1.79B	1.76B	1.75B	1.73B	1.72B	1.7B	1.63B	1.56B
Dividend Payout Ratio	46.03%	26.31%	16.45%	31.83%	43.18%	22.07%	26.65%	32.77%	21.85%	41.61%

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	6.24T	6.56T	6.93T	7.35T	7.3T	7.58T	8.84T	9.58T	11.87T	11.69T
Cash & Short-Term Investments	1.86T	2.26T	2.47T	2.66T	2.86T	3.05T	3.89T	4.07T	5.18T	4.74T
Cash Only	1.76T	2.11T	2.26T	2.49T	2.67T	2.76T	3.67T	3.8T	4.95T	4.53T
Short-Term Investments	103.03B	149.43B	213.18B	163.27B	190.05B	295.31B	217.74B	263.89B	229.58B	208.48B
Accounts Receivable	2.75T	2.64T	2.64T	2.74T	2.51T	801.81B	2.59T	2.96T	3.8T	3.92T
Days Sales Outstanding	68.81	68.91	62.76	63.06	61.41	22.22	64.98	63.89	67.87	65.91
Inventory	1.31T	1.36T	1.52T	1.59T	1.56T	1.55T	1.92T	2.17T	2.44T	2.47T
Days Inventory Outstanding	42.3	45.82	46.34	46.04	48.06	54.04	60.54	58.27	55.67	52.97
Other Current Assets	315.12B	292.97B	291.01B	358.23B	365.77B	2.18T	439.32B	384.49B	446.76B	563.25B
Total Non-Current Assets+	11.99T	12.4T	12.42T	13.07T	13.16T	14.34T	15.13T	15.09T	17.9T	19.09T
Property, Plant & Equipment	6.82T	7.31T	7.15T	7.43T	7.68T	3.02T	8.24T	7.89T	8.44T	8.96T
Fixed Asset Turnover	2.14x	1.92x	2.15x	2.14x	1.94x	4.36x	1.77x	2.14x	2.42x	2.42x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	824.94B	778.19B	741.51B	744.37B	760.43B	818.76B	849.51B	870.9B	999.69B	1.13T
Long-Term Investments	928.21B	961.87B	1.12T	1.13T	1.1T	1.52T	1.79T	1.77T	2.18T	2.12T
Other Non-Current Assets	3.24T	3.24T	3.29T	3.62T	3.49T	8.98T	4.17T	4.45T	6.12T	6.74T
Total Assets+	18.23T	18.96T	19.35T	20.42T	20.46T	21.92T	23.97T	24.67T	29.77T	30.78T
Asset Turnover	0.80x	0.74x	0.79x	0.78x	0.73x	0.60x	0.61x	0.69x	0.69x	0.70x
Asset Growth %	0.85%	4%	2.06%	5.53%	0.21%	7.13%	9.36%	2.91%	20.69%	3.36%
Total Current Liabilities+	5.47T	5.43T	5.62T	5.98T	5.79T	5.72T	6T	6.65T	8.32T	8.62T
Accounts Payable	1.13T	1.18T	1.22T	1.18T	958.47B	1.09T	1.24T	1.43T	1.61T	1.66T
Days Payables Outstanding	36.33	39.75	37.25	34.38	29.52	38.04	39.01	38.35	36.69	35.66
Short-Term Debt	2.79T	2.79T	2.92T	3.19T	3.19T	1.71T	3.07T	3.25T	4.03T	4.42T
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.15T	1.02T	1.06T	1.12T	1.15T	2.44T	1.23T	1.47T	1.89T	1.69T
Current Ratio	1.14x	1.21x	1.23x	1.23x	1.26x	1.33x	1.47x	1.44x	1.43x	1.36x
Quick Ratio	0.90x	0.96x	0.96x	0.96x	0.99x	1.06x	1.15x	1.11x	1.13x	1.07x
Cash Conversion Cycle	74.78	74.98	71.85	74.72	79.96	38.22	86.51	83.81	86.86	83.22
Total Non-Current Liabilities+	5.73T	5.96T	5.49T	5.87T	6.39T	6.83T	7.2T	6.52T	8.44T	9.53T
Long-Term Debt	3.74T	4.02T	3.88T	4.14T	4.22T	4.72T	4.98T	4.37T	6.06T	0
Capital Lease Obligations	0	0	60.01B	62.31B	0	256.38B	0	0	0	0
Deferred Tax Liabilities	789.83B	900.45B	629.72B	727.41B	698.87B	0	990.75B	877.3B	855.07B	718.08B
Other Non-Current Liabilities	1.2T	1.04T	294.47B	320.6B	1.47T	1.86T	1.22T	1.26T	1.53T	8.81T
Total Liabilities	11.2T	11.39T	11.12T	11.85T	12.18T	12.55T	13.2T	13.17T	16.77T	18.15T
Total Debt+	6.53T	6.81T	6.8T	7.33T	7.41T	6.74T	8.05T	7.62T	10.08T	4.42T
Net Debt	4.77T	4.7T	4.54T	4.84T	4.74T	3.98T	4.38T	3.82T	5.13T	-106.56B
Debt / Equity	0.93x	0.90x	0.83x	0.86x	0.89x	0.72x	0.75x	0.66x	0.78x	0.35x
Debt / EBITDA	5.61x	3.13x	2.97x	3.34x	3.54x	3.23x	3.43x	5.07x	4.63x	2.26x
Net Debt / EBITDA	4.10x	2.16x	1.99x	2.20x	2.26x	1.91x	1.86x	2.54x	2.36x	-0.05x
Interest Coverage	27.74x	67.41x	64.27x	54.96x	2790.42x	5045.76x	51.65x	21.62x	23.18x	22.10x
Total Equity+	7.03T	7.57T	8.23T	8.57T	8.29T	9.37T	10.77T	11.5T	13.01T	12.63T
Equity Growth %	0.97%	7.65%	8.78%	4.03%	-3.27%	13.12%	14.93%	6.77%	13.07%	-2.91%
Book Value per Share	3901.60	4200.02	4592.13	4868.14	4729.45	5428.38	6263.25	6780.78	7960.24	8109.69
Total Shareholders' Equity	6.76T	7.3T	7.93T	8.27T	8.01T	9.08T	10.47T	11.18T	12.7T	12.33T
Common Stock	86.07B	86.07B	86.07B	86.07B	86.07B	86.07B	86.07B	86.07B	86.07B	86.07B
Retained Earnings	6.19T	6.71T	7.61T	7.97T	8.14T	8.9T	9.54T	9.98T	10.64T	11.12T
Treasury Stock	-26.18B	-26.19B	-113.27B	-177.83B	-273.94B	-273.79B	-328.31B	-484.93B	-550.81B	-1.27T
Accumulated OCI	336.12B	351.41B	178.29B	214.38B	-114.64B	196.71B	0	0	0	0
Minority Interest	270.36B	274.33B	300.56B	298.07B	273.76B	290.53B	299.72B	318.04B	308.88B	301.29B

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	1.39T	885.07B	987.67B	775.99B	979.41B	1.07T	1.68T	2.13T	747.28B	292.15B
Operating CF Margin %	9.53%	6.32%	6.43%	4.88%	6.56%	8.14%	11.54%	12.59%	3.66%	1.35%
Operating CF Growth %	36.32%	-36.37%	11.59%	-21.43%	26.22%	9.49%	56.63%	26.76%	-64.9%	-60.9%
Net Income	635.45B	1.01T	1.11T	979.38B	789.92B	914.05B	1.07T	879.57B	1.64T	1.32T
Depreciation & Amortization	660.71B	674.33B	713.09B	721.7B	699.88B	624.24B	611.06B	721.63B	794.37B	742.86B
Stock-Based Compensation	0	0	0	125M	140M	129M	159M	0	0	0
Deferred Taxes	0	0	0	-196.66B	-82.56B	-164.39B	-72.41B	0	0	0
Other Non-Cash Items	-166.42B	-260.78B	-312.31B	-208.98B	-167.57B	-109.36B	-232.01B	-328.01B	-557.64B	-419.01B
Working Capital Changes	261.25B	-535.46B	-528.08B	-519.57B	-260.39B	-192.29B	302.62B	855.84B	-1.13T	-1.35T
Change in Receivables	-88.17B	49.22B	-41.78B	9.34B	132.7B	-133.79B	-24.04B	-197.4B	-1.59T	-835.14B
Change in Inventory	66.41B	-72.14B	-202.92B	-60.91B	-59.93B	68.28B	-208.9B	-171.47B	-67.83B	-79.46B
Change in Payables	105.19B	13B	69.43B	-11.82B	-141.16B	101.3B	50.12B	105.27B	36.52B	112.64B
Cash from Investing+	-875.08B	-650.62B	-615.11B	-577.55B	-619.48B	-796.88B	-376.06B	-678.06B	-867.27B	-941.97B
Capital Expenditures	-871.96B	-637.45B	-572.49B	-607.81B	-601.26B	-551.14B	-449.23B	-475.05B	-348.68B	-510.8B
CapEx % of Revenue	5.97%	4.55%	3.73%	3.83%	4.03%	4.18%	3.09%	2.81%	1.71%	2.36%
Acquisitions	-1M	12.83B	-2.45B	-2.4B	-17.63B	-95.95B	-46.06B	-23.09B	-192.31B	-135.53B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	25.23B	18.71B	15.76B	23.41B	16.23B	6.77B	73.17B	-141.23B	-245.57B	-324.37B
Cash from Financing+	-95.3B	115.42B	-174.33B	22.92B	-87.41B	-283.98B	-615.72B	-1.47T	918.65B	280.48B
Debt Issued (Net)	153.61B	358.08B	135.3B	348.62B	264.02B	-96.73B	-311.32B	-1.05T	1.49T	1.41T
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-158.6B	-162.21B	-174.22B	-194.27B	-196.79B	-145.09B	-188.4B	-213.47B	-241.87B	-347.81B
Share Repurchases	-13M	-11M	-87.08B	-64.56B	-96.11B	0	-62.18B	0	0	0
Other Financing	-90.3B	-80.44B	-48.33B	-66.87B	-58.52B	-42.31B	-53.81B	-51.38B	-83.47B	-63.14B
Net Change in Cash	285.73B	348.52B	150.51B	237.63B	178.23B	85.67B	916.91B	128.08B	1.15T	-425.77B
Free Cash Flow+	519.04B	247.62B	415.18B	168.18B	378.16B	521.24B	1.23T	1.5T	138.61B	-555.28B
FCF Margin %	3.55%	1.77%	2.7%	1.06%	2.53%	3.96%	8.45%	8.85%	0.68%	-2.56%
FCF Growth %	167.03%	-52.29%	67.67%	-59.49%	124.85%	37.84%	136.05%	21.63%	-90.74%	-500.6%
FCF per Share	287.99	137.39	231.55	95.58	215.84	301.88	715.36	882.23	84.84	-356.61
FCF Conversion (FCF/Net Income)	4.04x	1.44x	0.93x	1.27x	2.15x	1.63x	2.38x	3.27x	0.67x	0.35x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.92%	8.45%	13.41%	7.27%	5.41%	7.45%	7.02%	5.85%	9.04%	6.52%
Return on Invested Capital (ROIC)	3.15%	5.24%	4.99%	4.16%	3.6%	3.75%	4.58%	3.84%	6.2%	5.94%
Gross Margin	22.39%	22.38%	21.88%	20.82%	20.62%	20.73%	20.51%	19.7%	21.6%	21.5%
Net Margin	2.36%	4.4%	6.9%	3.84%	3.05%	4.99%	4.86%	3.85%	5.42%	3.85%
Debt / Equity	0.93x	0.90x	0.83x	0.86x	0.89x	0.72x	0.75x	0.66x	0.78x	0.35x
Interest Coverage	27.74x	67.41x	64.27x	54.96x	2790.42x	5045.76x	51.65x	21.62x	23.18x	22.10x
FCF Conversion	4.04x	1.44x	0.93x	1.27x	2.15x	1.63x	2.38x	3.27x	0.67x	0.35x
Revenue Growth	15.45%	-4.12%	9.73%	3.43%	-6.03%	-11.79%	10.49%	16.18%	20.83%	6.17%

Honda Motor Co., Ltd. (HMC) 10-Year Financial Performance & Capital Metrics

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Honda Motor Co., Ltd. (HMC) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare HMC vs Peers

vs TM

vs GM

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios