TOYO Co., Ltd. (TOYO) Revenue History
Annual and quarterly revenue from 2021 to 2024
Compound Annual Growth Rate (CAGR)
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TOYO Revenue Growth
Revenue Breakdown
TOYO's revenue distribution by segment and geography
By Geography
TOYO Revenue Analysis (2021–2024)
As of May 8, 2026, TOYO Co., Ltd. (TOYO) generated trailing twelve-month (TTM) revenue of $178.0 million, reflecting modest growth of +0.7% year-over-year. The most recent quarter (Q2 2025) recorded $69.6 million in revenue, up 0.0% sequentially.
Looking at the longer-term picture, TOYO's historical revenue data shows various trends over time. The company achieved its highest annual revenue of $177.0 million in 2024, representing a new all-time high.
When compared to Energy sector peers including ITRN (+6.8% YoY), EME (+18.3% YoY), and PWR (+20.6% YoY), TOYO has underperformed the peer group in terms of revenue growth. Compare TOYO vs ITRN →
TOYO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TOYOCurrent | $178M | +0.7% | - | 5.2% | |
 ITRN | $359M | +6.8% | +7.9% | 21.4% | |
 EME | $17.0B | +18.3% | +14.1% | 9.8% | |
 PWR | $28.4B | +20.6% | +20.4% | 5.8% | |
 TTEK | $5.4B | +7.9% | +18.3% | 11.1% | |
 MYRG | $3.7B | +13.1% | +10.2% | 4.4% |
TOYO Historical Revenue Data (2021–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $177.0M | +183.8% | $21.9M | 12.4% | $9.2M | 5.2% |
| 2023 | $62.4M | - | $16.6M | 26.7% | $12.0M | 19.2% |
| 2022 | $0 | - | $0 | - | $-987,770 | - |
| 2021 | $0 | - | $0 | - | $-381,300 | - |
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Start ComparisonTOYO — Frequently Asked Questions
Quick answers to the most common questions about buying TOYO stock.
Is TOYO's revenue growth accelerating or slowing?
TOYO revenue growth slowed to +0.7%, below the 5-year CAGR of N/A. TTM revenue is $178M. The deceleration marks a shift from historical growth rates.
What is TOYO's long-term revenue growth rate?
TOYO Co., Ltd.'s 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of +0.7% is near this long-term average.
How is TOYO's revenue distributed by segment?
TOYO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2021-2024 are available for download. Segment mix reveals concentration and diversification trends.