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Toyota Motor Corporation

TM

Toyota Motor Corporation • NYSE
$201.87 ▼ -0.28% (-0.57)
Market Cap $263.10 B
52w High $211.24
52w Low $155.00
Dividend Yield 5.63%
P/E 8.93
Volume 156.13K
Outstanding Shares 1.30B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $12.377T ▲ $1.129T ▲ $932.081B ▲ 7.53% ▲ $715.1 ▲ $1.824T ▲
Q1-2026 $12.253T ▼ $1.03T ▼ $841.345B ▲ 6.866% ▲ $645.6 ▲ $1.81T ▲
Q4-2025 $12.363T ▼ $1.216T ▲ $664.697B ▼ 5.376% ▼ $506.9 ▼ $1.473T ▼
Q3-2025 $12.391T ▲ $1.164T ▼ $2.193T ▲ 17.7% ▲ $1.673K ▲ $3.363T ▲
Q2-2025 $11.445T $1.283T $573.766B 5.013% $431.6 $1.45T

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $16.918T ▲ $97.575T ▲ $59.118T ▲ $37.492T ▲
Q1-2026 $15.97T ▲ $93.468T ▼ $56.475T ▼ $36.04T ▲
Q4-2025 $15.918T ▲ $93.601T ▼ $56.722T ▼ $35.925T ▲
Q3-2025 $13.881T ▼ $94.674T ▲ $57.818T ▲ $35.91T ▲
Q2-2025 $14.061T $89.169T $53.903T $34.369T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $932.081B ▲ $1.068T ▼ $-1.716T ▲ $441.219B ▲ $-97.934B ▲ $-121.961B ▼
Q1-2026 $872.193B ▲ $1.876T ▲ $-1.802T ▼ $-803.284B ▼ $-771.548B ▼ $633.559B ▲
Q4-2025 $710.413B ▼ $873.209B ▼ $-666.483B ▼ $669.326B ▲ $697.248B ▲ $94.527B ▲
Q3-2025 $2.193T ▲ $1.007T ▼ $-437.501B ▲ $-182.338B ▼ $653.699B ▲ $-458.339B ▼
Q2-2025 $573.766B $1.134T $-686.149B $29.038B $34.363B $-225.31B

Five-Year Company Overview

Income Statement

Income Statement Toyota’s income statement shows a company that has grown meaningfully over the last several years. Sales have stepped up steadily, and profits have generally followed, more than recovering from earlier, weaker years. Profitability has improved over time, suggesting better efficiency, pricing power, or a healthier mix of vehicles. However, in the most recent year, profit growth has not kept pace with sales growth. That points to some pressure on margins, likely from higher costs, heavier spending on new technologies, or pricing competition. Overall, earnings remain strong and well above where they were a few years ago, but the latest period hints at a phase of investment and cost pressure rather than pure profit expansion.

Balance Sheet

Balance Sheet Toyota’s balance sheet looks solid and scaled for a global leader. Total assets and shareholders’ equity have risen steadily, which suggests continued reinvestment and retained earnings. Cash reserves have grown over time, giving the company flexibility to invest, manage downturns, and support large projects. Debt levels have also increased, indicating greater use of borrowing to fund expansion and technology shifts. However, equity has grown alongside, so the capital structure looks balanced rather than stretched. In short, Toyota carries meaningful debt but pairs it with a large asset base, healthy equity, and sizable cash, which together point to a generally robust financial foundation.

Cash Flow

Cash Flow Toyota generates healthy cash flow from its day‑to‑day operations, and that operating cash has trended upward over the period, even with some year‑to‑year swings. The clear standout is capital spending: Toyota is investing heavily in plants, equipment, and technology. These outlays are consistently larger than operating cash flow, which results in negative free cash flow in each of the past years. This is typical of a capital‑intensive industry undergoing a major technology transition, but it does mean the business is currently absorbing cash rather than throwing off surplus after investments. In practical terms, Toyota appears to be in a deliberate investment phase, funding big long‑term projects and likely relying on a mix of internal cash and external financing to do so.

Competitive Edge

Competitive Edge Toyota holds a very strong competitive position in the global auto industry. Its manufacturing system is a benchmark for efficiency and quality, and its reputation for reliability and durability remains one of the strongest in the world. This supports customer loyalty, strong resale values, and a trusted brand image. The company benefits from huge scale and a broad global footprint, which help it spread costs, negotiate with suppliers, and serve many different markets. Its leadership in hybrid vehicles gives it an established edge in fuel‑efficient and lower‑emission cars. On the risk side, Toyota faces intense competition from pure electric vehicle makers and fast‑rising Chinese and other Asian manufacturers, as well as software‑driven and autonomous‑focused players. Its more cautious, multi‑pathway approach to electrification may prove wise or may leave it appearing slower than those going all‑in on battery electric, depending on how regulations and consumer preferences evolve.

Innovation and R&D

Innovation and R&D Toyota’s innovation story is built on decades of process excellence and early leadership in hybrid technology. The Toyota Production System still underpins its ability to produce high‑quality cars efficiently, while its hybrid lineup, anchored by the Prius legacy, gives it a deep well of electrification experience. Looking forward, Toyota is investing heavily in several directions at once: next‑generation hybrids, battery electric vehicles, hydrogen fuel cells, and advanced driver assistance and autonomous driving. The push into solid‑state batteries could be especially important if the technology can be scaled, as it promises better range, faster charging, and improved safety. Hydrogen remains a longer‑term and more uncertain bet, given infrastructure challenges, but Toyota continues to develop both passenger and heavy‑duty fuel cell applications. At the same time, it is building capabilities in software, AI, and mobility services to shift from a pure automaker toward a broader mobility platform. These efforts are ambitious and costly, and there is execution risk in trying to advance on many fronts at once, but they reflect a deliberate attempt to stay at the forefront of the industry’s transformation.

Summary

Toyota appears to be a financially strong, globally dominant automaker that is deep into a major investment cycle. Its income statement shows solid growth in sales and profits over several years, with some recent margin pressure as it spends more to compete in a changing market. The balance sheet is sizable and generally healthy, with growing assets, equity, and cash, alongside increased but manageable debt. Cash flows highlight the main theme: strong operating cash, but heavy capital spending leading to negative free cash flow as the company invests for the future. Competitively, Toyota enjoys a powerful brand, proven manufacturing excellence, and leadership in hybrids, but faces rising pressure from pure EV players and new global rivals. Its R&D and innovation strategy is broad and ambitious, spanning hybrids, BEVs, hydrogen, batteries, and autonomous technologies. Overall, Toyota looks like a mature, resilient business actively reshaping itself for the next era of mobility, with the key uncertainties centered on how quickly and profitably it can navigate the industry’s rapid technological and regulatory shifts.

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