TMNYSEMotor Vehicles & Passenger Car BodiesFiscal year ends March 31Also trades as TOYOF
TOYOTA MOTOR CORP/
Financials through fiscal 2026, year ended Mar 31, 2026Last filing: 20-F on Jun 10, 2026
$194.06−0.55 (-0.28%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
–
Operating margin
7.4%−0.6 pts over 5 years
Net margin
7.6%−0.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.5% | +10.9% | +13.2% | +6.0% | |
| Operating income | -21.5% | +11.4% | +11.4% | +2.8% | |
| Net income | -19.2% | +16.2% | +11.4% | +5.2% | |
| EPS, diluted | -17.9% | +18.1% | +13.2% | +7.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 10.7% | 10.2% | 10.1% | |
| Return on assets | 3.8% | 3.9% | 3.9% | |
| Current ratio | 1.03 | 1.06 | 1.27 | |
| Debt to equity | 1.09 | 1.10 | 1.08 | |
| Net debt to EBITDA | 4.44× | 5.35× | 4.96× | |
| Interest coverage | 67.9× | 4.7× | 2.2× | |
| Inventory turnover | 9.7× | – | – | |
| Capex to revenue | 4.4% | – | – | |
| Diluted shares | 15.28B | 13.98B | 13.03B |
Cash use needs five years of cash flow figures
Toyota Motor Corp/ does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.6%
×Asset turnover0.51×
×Equity multiplier2.63×
=Return on equity, FY202610.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 7.6% | 0.51× | 2.63× | 10.1% |
| FY2025 | 9.9% | 0.52× | 2.62× | 13.6% |
| FY2024 | 11.0% | 0.55× | 2.63× | 15.8% |
| FY2023 | 6.6% | 0.52× | 2.60× | 9.0% |
| FY2022 | 9.1% | 0.48× | 2.62× | 11.5% |
| FY2021 | 8.3% | 0.47× | 2.64× | 10.2% |
| FY2020 | 6.8% | 0.56× | 2.65× | 10.0% |
| FY2019 | 6.2% | 0.58× | 2.68× | 9.7% |
| FY2018 | 8.5% | 0.59× | 2.73× | 13.8% |
| FY2017 | 6.6% | 0.57× | 2.81× | 10.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero¥3.85T
- Cash generatingOperating cash flow above zero¥5.47T
- Return on assets improvedROA up on the prior year5.3% → 4.1%
- Earnings backed by cashOperating cash flow above net income¥5.47T vs ¥3.85T
- Less leverageLong-term debt to assets fell24.5% → 24.3%
- Better liquidityCurrent ratio rose1.26 → 1.27
- No dilutionShare count did not rise13.25B → 13.03B
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.53 → 0.54