TOYO Co., Ltd.(TOYO)Earnings, Financials & Key Ratios
TOYO•NASDAQ
9.3× P/E·Price updated Jun 19, 2026
AboutTOYO Co., Ltd. engages in the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and other stages of the solar power supply chain. Additionally, the company also manufactures solar PV modules. The company was founded in 2022 and is based in Tokyo, Japan.Show more
- Revenue$427M+141.5%
- EBITDA$99M+207.3%
- Net Income$40M-2.1%
- EPS (Diluted)1.31+20.2%
- Gross Margin22.54%+82.2%
- EBITDA Margin23.08%+27.2%
- Operating Margin13.81%+175.9%
- Net Margin9.28%-59.5%
- ROE46.47%-33.3%
TOYO Key Insights
TOYO Co., Ltd. (TOYO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 48.9%
- ✓Strong Piotroski F-Score: 8/9
- ✓Momentum leader: RS Rating 88 (top 12%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy 5Y average net margin of 16.0%
✗Weaknesses
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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TOYO Price & Volume
TOYO Co., Ltd. (TOYO) stock price & volume — 10-year historical chart
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TOYO Growth Metrics
TOYO Co., Ltd. (TOYO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM59.68%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM17.87%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM24.15%
Return on Capital
10 Years17.05%
5 Years17.05%
3 Years28.68%
Last Year45.33%
TOYO Recent Earnings
TOYO Co., Ltd. (TOYO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/4 qtrs (67%)●Beat Revenue 1/4 qtrs (33%)
Q2 2026Latest
May 18, 2026Metric
Actual
Est
EPS
$0.75+4.2%
$0.72
Rev
$143M-29.6%
$203M
Q2 2026
Mar 31, 2026Metric
Actual
Est
EPS
$0.94+38.2%
$0.68
Rev
$288M+11.0%
$260M
Q4 2025
Sep 12, 2025Metric
Actual
Est
EPS
$0.05-92.5%
$0.68
Rev
$70M-73.2%
$260M
Q2 2025
May 20, 2025Metric
Actual
Est
EPS
$0.05
—
Rev
$70M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 18, 2026 | $0.75vs $0.72+4.2% | $143Mvs $203M-29.6% |
| Q2 2026 | Mar 31, 2026 | $0.94vs $0.68+38.2% | $288Mvs $260M+11.0% |
| Q4 2025 | Sep 12, 2025 | $0.05vs $0.68-92.5% | $70Mvs $260M-73.2% |
| Q2 2025 | May 20, 2025 | $0.05 | $70M |
Based on last 4 quarters of dataView full earnings history →
TOYO Peer Comparison
TOYO Co., Ltd. (TOYO) competitors in Solar modules and inverters — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ITRN | 1.3B | 65.49 | 22.43 | 6.77% | 16.03% | 27.71% | 0.02 | |
 EME | 37.26B | 836.59 | 29.68 | 16.64% | 7.52% | 38.32% | 0.23 | |
 PWR | 105.38B | 702.25 | 103.27 | 19.76% | 3.72% | 12.96% | 0.13 | |
 TTEK | 7.14B | 27.36 | 29.42 | 4.69% | 8.96% | 24.36% | 0.55 | |
 MYRG | 7.18B | 461.10 | 61.24 | 8.79% | 3.71% | 22.14% | 0.16 | |
 PRIM | 5.49B | 101.30 | 20.18 | 18.97% | 3.31% | 15.21% | 0.76 | |
 FLR | 7.49B | 53.60 | -172.90 | -4.97% | 2.3% | 8.03% | 0.33 | |
 KBR | 4.16B | 32.82 | 10.22 | 0.57% | 5.21% | 26.47% | 2.07 |
Compare TOYO vs Peers
TOYO Co., Ltd. (TOYO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TOYO Income Statement
TOYO Co., Ltd. (TOYO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Jun'22 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Sales/Revenue | 0 | 0 | 62.38M | 176.96M | 427.38M | 301.32M |
Revenue Growth % | - | - | - | 183.69% | 141.52% | 59.68% |
Cost of Goods Sold | 0 | 0 | 45.74M | 155.06M | 331.05M | 232.85M |
COGS % of Revenue | - | - | 73.33% | 87.63% | 77.46% | - |
Gross Profit | 0▲ 0% | 0▲ 0% | 16.64M▲ 0% | 21.9M▲ 31.6% | 96.34M▲ 339.9% | 68.47M▲ 0% |
Gross Margin % | - | - | 26.67% | 12.37% | 22.54% | 22.72% |
Gross Profit Growth % | - | - | - | 31.63% | 339.94% | - |
Operating Expenses | 381.31K | 187.42K | 4.65M | 13.04M | 37.3M | 29.32M |
OpEx % of Revenue | - | - | 7.45% | 7.37% | 8.73% | - |
Selling, General & Admin | 381.31K | 187.42K | 4.65M | 13.04M | 37.3M | 29.32M |
SG&A % of Revenue | - | - | 7.45% | 7.37% | 8.73% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
Operating Income | -381.31K▲ 0% | -187.42K▲ 50.8% | 11.99M▲ 6495.7% | 8.86M▼ 26.1% | 59.04M▲ 566.3% | 39.15M▲ 0% |
Operating Margin % | - | - | 19.22% | 5.01% | 13.81% | 12.99% |
Operating Income Growth % | - | 50.85% | 1313.54% | -26.09% | 566.33% | - |
EBITDA | -246.89K | -186.35K | 14.59M | 32.1M | 98.63M | 69.89M |
EBITDA Margin % | - | - | 23.4% | 18.14% | 23.08% | 23.2% |
EBITDA Growth % | - | 24.52% | 1577.64% | 119.92% | 207.31% | 69.36% |
D&A (Non-Cash Add-back) | 0 | 1.08K | 2.61M | 23.24M | 39.59M | 30.75M |
EBIT | -246.89K | -187.42K | 11.99M | 8.86M | 59.04M | 39.15M |
Net Interest Income | 134.41K | 0 | -3.26M | -3.26M | -3.32M | -3.31M |
Interest Income | 134.41K | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 0 | 0 | 3.26M | 3.26M | 3.32M | 3.31M |
Other Income/Expense | 134.41K | 583 | -2.1M | 32.42M | -6.51M | 11.46M |
Pretax Income | -246.89K▲ 0% | -186.84K▲ 24.3% | 9.89M▲ 5392.9% | 41.28M▲ 317.4% | 52.52M▲ 27.2% | 50.61M▲ 0% |
Pretax Margin % | - | - | 15.85% | 23.33% | 12.29% | 16.8% |
Income Tax | 0 | 0 | 0 | 781.24K | 15.37M | 9.22M |
Effective Tax Rate % | 0% | 0% | 0% | 1.89% | 29.26% | 18.22% |
Net Income | -246.89K▲ 0% | -186.84K▲ 24.3% | 9.89M▲ 5392.9% | 40.5M▲ 309.5% | 39.66M▼ 2.1% | 42.35M▲ 0% |
Net Margin % | - | - | 15.85% | 22.89% | 9.28% | 14.06% |
Net Income Growth % | - | 24.32% | 353.23% | 309.54% | -2.08% | 17.87% |
Net Income (Continuing) | -246.89K | -186.84K | 9.89M | 40.5M | 37.15M | 41.39M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 199.45K | 0 | 0 |
EPS (Diluted) | -0.02▲ 0% | -0.02▲ 24.3% | 0.24▲ 1638.5% | 1.09▲ 354.2% | 1.31▲ 20.2% | 1.12▲ 0% |
EPS Growth % | - | 24.27% | 26.32% | 354.17% | 20.18% | 24.15% |
EPS (Basic) | -0.02 | -0.02 | 0.24 | 1.09 | 1.32 | - |
Diluted Shares Outstanding | 11.96M | 11.96M | 41M | 30.75M | 30.33M | 37.69M |
Basic Shares Outstanding | 11.96M | 11.96M | 41M | 37.27M | 30.1M | 37.68M |
Dividend Payout Ratio | - | - | - | - | - | - |
TOYO Balance Sheet
TOYO Co., Ltd. (TOYO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Jun'22 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Total Current Assets | 310.23K | 2.07M | 82.75M | 55.39M | 171.85M | 207.63M |
Cash & Short-Term Investments | 276.28K | 2.07M | 18.04M | 13.65M | 51.63M | 58.81M |
Cash Only | 276.28K | 2.07M | 18.04M | 13.65M | 51.63M | 58.81M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 0 | 0 | 0 | 18.75M | 11.75M | 17.94M |
Days Sales Outstanding | - | - | - | 38.68 | 10.03 | 21.17 |
Inventory | 0 | 0 | 40M | 19.98M | 79.99M | 114.47M |
Days Inventory Outstanding | - | - | 319.19 | 47.04 | 88.19 | 99.73 |
Other Current Assets | 0 | 0 | 167.9K | 2.6M | 3M | 3.55M |
Total Non-Current Assets | 93.55M | 8.86M | 155.53M | 184.41M | 269.59M | 270.65M |
Property, Plant & Equipment | 0 | 711.34K | 143.32M | 165.67M | 255M | 249.56M |
Fixed Asset Turnover | - | - | 0.44x | 1.07x | 1.68x | 1.46x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 93.55M | 0 | 42.4M | 1.62M | 0 | 14.99M |
Other Non-Current Assets | 0 | 8.15M | -30.19M | 17.13M | 14.41M | 7.29M |
Total Assets | 93.86M▲ 0% | 10.92M▼ 88.4% | 238.28M▲ 2081.1% | 239.8M▲ 0.6% | 441.43M▲ 84.1% | 478.28M▲ 0% |
Asset Turnover | - | - | 0.26x | 0.74x | 0.97x | 0.85x |
Asset Growth % | - | -88.36% | 2081.12% | 0.64% | 84.08% | 803.24% |
Total Current Liabilities | 82.73K | 2.88M | 169.19M | 125.03M | 295.7M | 304.73M |
Accounts Payable | 0 | 1.08M | 37.22M | 17.63M | 55.65M | 50.84M |
Days Payables Outstanding | - | - | 297.01 | 41.5 | 61.35 | 69.92 |
Short-Term Debt | 0 | 0 | 91.9M | 16.13M | 36.12M | 34.53M |
Deferred Revenue (Current) | 0 | 0 | 29.35M | 23.73M | 107.94M | 157.16M |
Other Current Liabilities | 82.73K | 0 | 10.58M | 0 | 0 | 64.79M |
Current Ratio | 3.75x | 0.72x | 0.49x | 0.44x | 0.58x | 0.68x |
Quick Ratio | 3.75x | 0.72x | 0.25x | 0.28x | 0.31x | 0.31x |
Cash Conversion Cycle | - | - | - | 44.23 | 36.87 | 50.99 |
Total Non-Current Liabilities | 3.22M | 198.72K | 12.19M | 55.33M | 34.47M | 33.76M |
Long-Term Debt | 0 | 0 | 11.82M | 21M | 0 | 0 |
Capital Lease Obligations | 0 | 198.72K | 372.73K | 34.33M | 34.47M | 136.33M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 3.22M | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 3.3M | 3.08M | 181.39M | 180.36M | 330.18M | 338.49M |
Total Debt | 0 | 198.72K | 104.24M | 73.57M | 73.46M | 68.29M |
Net Debt | -276.28K | -1.87M | 86.21M | 59.92M | 21.83M | 9.47M |
Debt / Equity | - | 0.03x | 1.83x | 1.24x | 0.66x | 0.49x |
Debt / EBITDA | - | - | 7.14x | 2.29x | 0.74x | 0.98x |
Net Debt / EBITDA | - | - | 5.91x | 1.87x | 0.22x | 0.14x |
Interest Coverage | - | - | 3.68x | 2.71x | 17.79x | 11.82x |
Total Equity | 90.56M▲ 0% | 7.85M▼ 91.3% | 56.9M▲ 625.0% | 59.44M▲ 4.5% | 111.26M▲ 87.2% | 139.79M▲ 0% |
Equity Growth % | - | -91.33% | 624.97% | 4.47% | 87.17% | 189.62% |
Book Value per Share | 7.57 | 0.66 | 1.39 | 1.93 | 3.67 | 3.71 |
Total Shareholders' Equity | 90.56M | 7.85M | 56.9M | 59.24M | 111.26M | 139.79M |
Common Stock | 93.05M | 4.1K | 4.1K | 3.36K | 3.67K | 3.78K |
Retained Earnings | -2.49M | -186.84K | 9.7M | 50.32M | 89.98M | 118.39M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | 395.66K | -2.81M | -5.49M | -7.5M | -7.53M |
Minority Interest | 0 | 0 | 0 | 199.45K | 0 | 0 |
TOYO Cash Flow Statement
TOYO Co., Ltd. (TOYO) cash flow — operating, investing & free cash flow history
| Metric | Jun'22 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Cash from Operations | -182.13K | -778.98K | -12.53M | 46.51M | 132.99M | 85.84M |
Operating CF Margin % | - | - | -20.09% | 26.28% | 31.12% | - |
Operating CF Growth % | - | -327.71% | -1508.4% | 471.19% | 185.95% | 25409.19% |
Net Income | -246.89K | -186.84K | 9.89M | 40.5M | 37.15M | 42.35M |
Depreciation & Amortization | 0 | 6.46K | 2.72M | 23.52M | 39.59M | 30.98M |
Stock-Based Compensation | 0 | 0 | 0 | 609K | 13.7M | 304.5K |
Deferred Taxes | 0 | 0 | 0 | 0 | -178.11K | 0 |
Other Non-Cash Items | 15.98K | -807.38K | 193.7K | -32M | 4.37M | -1.14M |
Working Capital Changes | 48.79K | 208.79K | -25.33M | 13.88M | 38.35M | 13.34M |
Change in Receivables | 0 | 0 | 0 | -18.12M | 6.6M | -3.07M |
Change in Inventory | 0 | 0 | -40.73M | 15.88M | -63.36M | 7.94M |
Change in Payables | 0 | 0 | 2.08M | 3.03M | 9.61M | 0 |
Cash from Investing | -92.92M | 26.04M | -114.24M | -44.04M | -98.4M | -65.52M |
Capital Expenditures | 0 | -1.46M | -114.24M | -44.04M | -91.75M | -65.45M |
CapEx % of Revenue | - | - | 183.14% | 24.89% | 21.47% | 21.72% |
Acquisitions | 0 | 0 | 0 | 0 | -6.65M | 0 |
Investments | - | - | - | - | - | - |
Other Investing | 0 | 27.5M | 0 | 0 | 0 | -67.39K |
Cash from Financing | 93.38M | -25.53M | 146.15M | -2.09M | 9.1M | -982.51K |
Debt Issued (Net) | 0 | 1.87M | 105.61M | -6.98M | 5.44M | -15.84M |
Equity Issued (Net) | 93.88M | -27.41M | 42.36M | 6.01M | 4M | 0 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | -27.41M | 0 | 0 | 0 | 0 |
Other Financing | -500K | 0 | -1.82M | -1.12M | -340K | 14.86M |
Net Change in Cash | 276.28K▲ 0% | -275.54K▼ 199.7% | 16.93M▲ 6245.1% | -1.85M▼ 110.9% | 41.71M▲ 2356.9% | 58.81M▲ 0% |
Free Cash Flow | -182.13K▲ 0% | -2.24M▼ 1131.3% | -126.77M▼ 5552.8% | 2.46M▲ 101.9% | 41.24M▲ 1574.5% | 20.39M▲ 0% |
FCF Margin % | - | - | -203.23% | 1.39% | 9.65% | 6.77% |
FCF Growth % | - | -1131.34% | -5552.76% | 101.94% | 1574.51% | 244.06% |
FCF per Share | -0.02 | -0.19 | -3.09 | 0.08 | 1.36 | 0.54 |
FCF Conversion (FCF/Net Income) | 0.74x | 4.17x | -1.27x | 1.15x | 3.35x | 0.48x |
Interest Paid | 0 | 0 | 0 | 3.32M | 1.95M | 1.56M |
Taxes Paid | 0 | 0 | 0 | 0 | 943.12K | 0 |
TOYO Key Ratios
TOYO Co., Ltd. (TOYO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
Return on Equity (ROE) | -0.38% | 30.55% | 69.63% | 46.47% | 49.87% |
Return on Invested Capital (ROIC) | -0.29% | 12.06% | 5.06% | 35.08% | 18.03% |
Gross Margin | - | 26.67% | 12.37% | 22.54% | 22.72% |
Net Margin | - | 15.85% | 22.89% | 9.28% | 14.06% |
Debt / Equity | 0.03x | 1.83x | 1.24x | 0.66x | 0.49x |
Interest Coverage | - | 3.68x | 2.71x | 17.79x | 11.82x |
FCF Conversion | 4.17x | -1.27x | 1.15x | 3.35x | 0.48x |
Revenue Growth | - | - | 183.69% | 141.52% | 59.68% |
Related:TOYO Dividend History·TOYO Revenue History·TOYO Price History·TOYO P/E History·TOYO Financial Ratios·TOYO Institutional Holders
TOYO Frequently Asked Questions
TOYO Co., Ltd. (TOYO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
TOYO Co., Ltd. (TOYO) reported $301.3M in revenue for fiscal year 2025.
TOYO Co., Ltd. (TOYO) grew revenue by 141.5% over the past year. This is strong growth.
Yes, TOYO Co., Ltd. (TOYO) is profitable, generating $42.4M in net income for fiscal year 2025 (9.3% net margin).
Dividend & Returns
TOYO Co., Ltd. (TOYO) has a return on equity (ROE) of 46.5%. This is excellent, indicating efficient use of shareholder capital.
TOYO Co., Ltd. (TOYO) generated $20.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.