TM Consumer Cyclical

Toyota Motor Corporation

$193.00-1.45%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Consumer Cyclical
Industry: Auto Manufacturers
Country: Japan
Market cap: 228.5B USD
Enterprise value: 654.3B USD
Full-time employees: 367,990

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: more debt relative to equity (1.08× vs a peer median of 0.46×)more debt vs equity (1.08× vs peers 0.46×)
About average: profitability and risk (debt, liquidity and share-price swings)profitability and risk

Ranks #1,079 of 1,502 consumer cyclical companies (bottom 29%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Toyota Motor reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Valuation signals disagree. Cheaper than 58% of peers on earnings, but only 0% on free cash flow.
Relative to its earnings, Toyota Motor looks cheaper than 58% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from JPY 27.2T in FY Mar 2021 to JPY 50.7T in FY Mar 2026.
Toyota Motor's fiscal-year revenue rose in each of the five years to FY Mar 2026, from JPY 27.2T to JPY 50.7T.

StockQuotient Score

40/ 100

Oct 5 40 → Nov 4 40

Valuation

Is the price right?

34/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ FCF yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield5.3%

SEC filings · 12 months to Mar 2026 · JPY→USD at the current rateReported value30% base weight · Z-score 0.28Sector median: 0.0439 · MAD: 0.0329

EBITDA yield6.0%

SEC filings · 12 months to Mar 2026 · JPY→USD at the current rateReported value50% base weight · Z-score -0.60Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield-3.4%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · JPY→USD converted · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.13Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield55.3%

SEC filings · latest balance sheet · JPY→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

37/100

Weak

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 5.5%

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-59.6%

SEC filings · 12 months to Mar 2026Reported value33% base weight · Z-score -2.51Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth10.9%

SEC filings · 3 years to Mar 2026Reported value33% base weight · Z-score 1.05Sector median: 0.0425 · MAD: 0.0636

Revenue growth5.5%

SEC filings · 12 months to Mar 2026Reported value33% base weight · Z-score 0.27Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

46/100

Moderate

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Operating margin fell 2.6 points to 7.4%

Why

Held back by:

▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin7.4%

SEC filings · 12 months to Mar 2026Reported value33% base weight · Z-score 0.23Sector median: 0.0638 · MAD: 0.0461

Return on assets3.6%

SEC filings · 12 months to Mar 2026Reported value33% base weight · Z-score 0.13Sector median: 0.0331 · MAD: 0.0254

Return on invested capital4.2%

SEC filings · 12 months to Mar 2026Reported value33% base weight · Z-score -0.52Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin16.8%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity9.6%

SEC filings · 12 months to Mar 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why

Mixed versus peers:

▲ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.34

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 1.00Sector median: 0.6345 · MAD: 0.2980

Current ratio1.27×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.37Sector median: 1.4800 · MAD: 0.5570

Debt / equity1.08×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.74Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Toyota Motor

Is Toyota Motor getting weaker?: Its latest SEC filing (Jun 10, 2026) got weaker in some ways: operating margin fell 2.6 points to 7.4%. Its overall score is unchanged at 40/100 since Oct 28, 2026.
How is Toyota Motor valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 34/100 against 1,612 consumer cyclical peers. Free cash flow yield -3.4% vs a peer median of 6.1% (weaker than 100% of peers).Free cash flow yield -3.4% vs peers 6.1% (weaker than 100% of peers).
Is Toyota Motor growing?: More slowly than most of its peers. Growth scores 37/100 against 1,612 consumer cyclical peers. 3-year revenue growth 10.9% vs a peer median of 4.3% (stronger than 75% of peers).3-year revenue growth 10.9% vs peers 4.3% (stronger than 75% of peers). Earnings per share growth -59.6% vs a peer median of 4.2% (weaker than 93% of peers).Earnings per share growth -59.6% vs peers 4.2% (weaker than 93% of peers).
How profitable is Toyota Motor?: About as profitable as its peers. Profitability scores 46/100 against 1,612 consumer cyclical peers. Return on invested capital 4.2% vs a peer median of 7.3% (weaker than 64% of peers).Return on invested capital 4.2% vs peers 7.3% (weaker than 64% of peers).
How risky is Toyota Motor?: Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Beta 0.34 vs a peer median of 0.63 (stronger than 80% of peers).Beta 0.34 vs peers 0.63 (stronger than 80% of peers). Debt / equity 1.08× vs a peer median of 0.46× (weaker than 74% of peers).Debt / equity 1.08× vs peers 0.46× (weaker than 74% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Mar 31, 2026 · filed Jun 10, 2026 · compared with the year ended Mar 31, 2025

Got weaker

Operating margin fell 2.6 points to 7.4%

	Previous year	Latest year	Change
Revenue (12 months)	48.04T JPY	50.68T JPY	+5.5%
Net income (12 months)	4.77T JPY	3.85T JPY	−19.2%
Operating margin	10.0%	7.4%	−2.6 pts
Debt	38.79T JPY	43.21T JPY	+11.4%
Cash	8.98T JPY	12.66T JPY	+40.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in JPY, as reported

Key ratios	FY Mar 2022	FY Mar 2023	FY Mar 2024	FY Mar 2025	FY Mar 2026	Change
Operating margin	9.5%	7.3%	11.9%	10.0%	7.4%	▼ 2.6 pts
Net margin	9.1%	6.6%	11.0%	9.9%	7.6%	▼ 2.3 pts
Return on assets (ROA)	4.2%	3.3%	5.5%	5.1%	3.6%	▼ 1.4 pts
Return on equity (ROE)	10.9%	8.7%	14.4%	13.3%	9.6%	▼ 3.6 pts
Current ratio	1.09×	1.10×	1.19×	1.26×	1.27×	▲ 1.2%
Quick ratio	0.91×	0.93×	1.03×	1.10×	1.12×	▲ 1.6%
Debt to equity	1.01×	1.04×	1.07×	1.08×	1.08×	▲ 0.2%
Interest coverage	7.30×	4.18×	4.41×	2.90×	2.22×	▼ 23%

TM price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: more debt relative to equity (1.08× vs a peer median of 0.46×)more debt vs equity (1.08× vs peers 0.46×)

About average: profitability and risk (debt, liquidity and share-price swings)profitability and risk

Ranks #1,079 of 1,502 consumer cyclical companies (bottom 29%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

Toyota Motor reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Valuation signals disagree. Cheaper than 58% of peers on earnings, but only 0% on free cash flow.

Relative to its earnings, Toyota Motor looks cheaper than 58% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from JPY 27.2T in FY Mar 2021 to JPY 50.7T in FY Mar 2026.

Toyota Motor's fiscal-year revenue rose in each of the five years to FY Mar 2026, from JPY 27.2T to JPY 50.7T.

Questions investors ask about Toyota Motor

Is Toyota Motor getting weaker?

Its latest SEC filing (Jun 10, 2026) got weaker in some ways: operating margin fell 2.6 points to 7.4%. Its overall score is unchanged at 40/100 since Oct 28, 2026.

How is Toyota Motor valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 34/100 against 1,612 consumer cyclical peers. Free cash flow yield -3.4% vs a peer median of 6.1% (weaker than 100% of peers).Free cash flow yield -3.4% vs peers 6.1% (weaker than 100% of peers).

Is Toyota Motor growing?

More slowly than most of its peers. Growth scores 37/100 against 1,612 consumer cyclical peers. 3-year revenue growth 10.9% vs a peer median of 4.3% (stronger than 75% of peers).3-year revenue growth 10.9% vs peers 4.3% (stronger than 75% of peers). Earnings per share growth -59.6% vs a peer median of 4.2% (weaker than 93% of peers).Earnings per share growth -59.6% vs peers 4.2% (weaker than 93% of peers).

How profitable is Toyota Motor?

About as profitable as its peers. Profitability scores 46/100 against 1,612 consumer cyclical peers. Return on invested capital 4.2% vs a peer median of 7.3% (weaker than 64% of peers).Return on invested capital 4.2% vs peers 7.3% (weaker than 64% of peers).

How risky is Toyota Motor?

Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Beta 0.34 vs a peer median of 0.63 (stronger than 80% of peers).Beta 0.34 vs peers 0.63 (stronger than 80% of peers). Debt / equity 1.08× vs a peer median of 0.46× (weaker than 74% of peers).Debt / equity 1.08× vs peers 0.46× (weaker than 74% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

48.04T JPY

50.68T JPY

+5.5%

Net income (12 months)

4.77T JPY

3.85T JPY

−19.2%

Operating margin

10.0%

7.4%

−2.6 pts

Debt

38.79T JPY

43.21T JPY

+11.4%

Cash

8.98T JPY

12.66T JPY

+40.9%

Key ratios

FY Mar 2022

FY Mar 2023

FY Mar 2024

FY Mar 2025

FY Mar 2026

Change

Operating margin

9.5%

7.3%

11.9%

10.0%

7.4%

▼ 2.6 pts

Net margin

9.1%

6.6%

11.0%

9.9%

7.6%

▼ 2.3 pts

Return on assets (ROA)

4.2%

3.3%

5.5%

5.1%

3.6%

▼ 1.4 pts

Return on equity (ROE)

10.9%

8.7%

14.4%

13.3%

9.6%

▼ 3.6 pts

Current ratio

1.09×

1.10×

1.19×

1.26×

1.27×

▲ 1.2%

Quick ratio

0.91×

0.93×

1.03×

1.10×

1.12×

▲ 1.6%

Debt to equity

1.01×

1.04×

1.07×

1.08×

▲ 0.2%

Interest coverage

7.30×

4.18×

4.41×

2.90×

2.22×

▼ 23%