Toyota Motor (TM) Financials

$194.61 -3.64 (-1.84%)

As of 01:08 PM Eastern

Annual Income Statements for Toyota Motor

This table shows Toyota Motor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	19,803	19,267	16,916	23,465	16,910	19,000	20,297	23,469	18,466	-26,553	30,823
Consolidated Net Income / (Loss)	21,029	20,279	17,802	24,332	17,833	19,000	20,632	23,671	18,779	-26,553	35,257
Net Income / (Loss) Continuing Operations	21,029	20,279	17,802	24,332	17,833	13,822	20,632	23,671	18,779	-26,553	30,823
Total Pre-Tax Income	26,359	24,854	20,267	24,655	20,526	26,062	26,508	32,860	27,636	-26,553	42,850
Total Operating Income	25,063	23,776	18,424	22,579	22,161	22,389	19,867	24,668	20,527	-26,553	42,850
Total Gross Profit	49,139	48,299	44,924	51,656	48,891	42,833	43,684	49,174	47,556	0.00	394,142
Total Revenue	248,159	236,620	254,946	276,419	271,456	258,425	246,017	258,395	279,882	0.00	670,452
Operating Revenue	248,159	236,620	254,946	276,419	271,456	258,425	-	-	-	-	670,811
Other Revenue	-	-	-	-	-	-	-	-	-	-	-359
Total Cost of Revenue	199,020	188,321	210,022	224,763	222,565	215,592	202,332	209,221	232,326	0.00	276,310
Operating Cost of Revenue	199,020	188,321	210,022	224,763	222,565	215,592	202,332	209,221	232,326	-	276,310
Total Operating Expenses	24,076	24,523	26,499	29,077	26,731	27,826	23,817	24,506	27,028	26,553	351,292
Selling, General & Admin Expense	24,076	24,523	26,499	29,077	26,731	27,826	23,817	24,506	27,028	26,553	37,491
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	-	-	-	313,801
Total Other Income / (Expense), net	1,296	1,078	1,843	2,075	-1,635	5,178	6,641	8,192	7,109	0.00	0.00
Income Tax Expense	8,141	7,317	5,810	4,746	5,927	6,362	5,876	9,189	8,857	-	12,027
Weighted Average Basic Shares Outstanding	3.15B	3.04B	2.97B	2.91B	283.24M	2.77B	2.80B	13.78B	13.57B	13.47B	13.05B
Weighted Average Diluted Shares Outstanding	3.15B	3.04B	2.97B	2.91B	283.24M	2.77B	2.80B	13.78B	13.57B	13.47B	13.05B
Weighted Average Basic & Diluted Shares Outstanding	3.15B	3.04B	2.97B	2.91B	283.24M	2.77B	2.80B	13.78B	13.57B	13.47B	13.05B

No quarterly income statements for Toyota Motor are available.

This table details how cash moves in and out of Toyota Motor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Change in Cash & Equivalents	2,218	5,456	2,064	662	4,373	4,625	9,062	8,340	10,571	12,532	-2,866
Net Cash From Operating Activities	33,584	37,162	32,966	39,734	33,828	22,382	24,653	30,654	22,260	27,816	24,663
Net Cash From Continuing Operating Activities	33,584	37,162	32,966	39,734	33,828	86,506	24,653	30,654	22,444	27,816	25,002
Net Income / (Loss) Continuing Operations	21,029	20,279	17,802	24,332	17,833	19,000	20,632	23,671	18,779	33,537	31,953
Consolidated Net Income / (Loss)	21,029	20,279	17,802	24,332	17,833	19,000	20,632	23,671	18,779	33,537	31,953
Depreciation Expense	12,839	13,545	14,882	16,315	16,097	14,887	14,864	15,002	15,367	13,802	15,018
Non-Cash Adjustments To Reconcile Net Income	-1,082	1,490	811	-5,566	363	21,195	-10,636	-7,354	-18,489	-25,398	-13,667
Changes in Operating Assets and Liabilities, net	798	1,849	-529	4,653	-465	31,423	-208	-665	6,786	5,876	-8,303
Net Cash From Investing Activities	-34,748	-26,513	-27,437	-34,436	-24,224	19,826	-42,344	-4,755	-12,044	-33,056	-27,950
Net Cash From Continuing Investing Activities	-34,748	-26,513	-27,437	-34,436	-24,224	30,757	-42,344	-4,755	-12,044	-33,056	-27,950
Purchase of Property, Plant & Equipment	-30,594	-33,816	-32,716	-33,859	-33,579	-29,269	-34,062	-31,540	-27,916	-33,384	-35,076
Purchase of Investments	-148,715	-131,183	-149,230	-170,403	-159,187	22,445	-24,671	-19,993	-8,665	-19,659	-26,455
Sale of Property, Plant & Equipment	379	351	381	676	588	13,429	12,766	13,010	12,924	14,308	11,866
Sale and/or Maturity of Investments	24,665	28,858	17,955	24,054	24,457	22,168	18,639	18,138	10,047	14,888	25,014
Other Investing Activities, net	119,517	109,278	136,173	145,095	143,498	1,983	-15,017	15,630	1,566	-9,209	-3,299
Net Cash From Financing Activities	2,789	-3,529	-3,466	-4,226	-4,857	3,386	24,762	-20,311	-423	16,516	1,316
Net Cash From Continuing Financing Activities	2,789	-3,529	-3,466	-4,226	-4,857	99,140	24,762	-20,311	-606	16,566	977
Repayment of Debt	-34,178	-34,882	-35,526	-41,890	-39,896	41,590	-48,963	-72,823	-62,923	-57,878	-72,530
Payment of Dividends	-5,688	-6,490	-6,486	-6,498	-6,414	6,287	-5,985	-6,271	-6,124	-6,418	-8,403
Issuance of Debt	45,824	40,370	45,049	48,376	46,389	55,706	77,904	62,117	71,688	82,390	89,775
Issuance of Common Equity	0.00	3,956	-	-	-	-4,443	1,807	-3,333	-3,247	-1,528	-7,866
Effect of Exchange Rate Changes	593	-1,665	-	-410	-	1,316	1,991	2,752	778	1,256	-895

No quarterly cash flow statements for Toyota Motor are available.

This table presents Toyota Motor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	4/1/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Total Assets	397,881	421,879	437,575	473,712	479,820	503,645	562,887	557,384	559,723	595,915	624,425
Total Current Assets	149,520	161,978	160,073	170,929	172,273	176,957	205,899	195,342	199,320	229,561	247,356
Cash & Equivalents	19,044	26,147	26,883	28,741	32,363	38,245	46,111	50,343	56,625	62,241	59,923
Accounts Receivable	21,085	21,807	22,914	25,508	86,341	86,503	87,822	85,014	89,386	98,179	100,954
Inventories, net	17,819	18,338	21,440	23,915	24,532	23,645	26,107	31,467	32,057	30,455	30,675
Current Deferred & Refundable Income Taxes	8,154	8,607	-	-	760	2,217	1,017	1,350	1,647	773	1,444
Other Current Assets	-	-	-	-	4,560	6,344	6,735	6,521	6,681	6,819	8,091
Other Current Nonoperating Assets	-	-	-	-	-	-	-	20,646	12,924	31,095	46,269
Plant, Property, & Equipment, net	77,490	86,643	91,528	96,682	95,971	98,299	103,155	101,504	95,171	94,285	102,293
Plant, Property & Equipment, gross	372,865	202,603	212,271	226,403	224,068	228,493	234,836	230,365	220,784	213,991	225,934
Accumulated Depreciation	108,942	115,960	120,743	129,720	128,096	130,195	131,681	128,861	125,613	119,706	123,641
Total Noncurrent Assets	170,871	173,258	185,974	206,101	211,575	228,390	253,832	260,539	265,231	272,069	274,776
Long-Term Investments	86,059	89,587	94,476	105,106	31,145	40,103	37,613	39,838	39,377	37,760	38,679
Intangible Assets	-	-	-	-	8,163	9,334	10,022	9,815	9,410	8,963	9,095
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	4,010	3,045	3,039	2,818	2,918	3,321	3,455
Other Noncurrent Operating Assets	8,099	6,789	10,606	11,714	168,258	175,907	203,158	208,068	213,526	222,025	223,548
Total Liabilities & Shareholders' Equity	397,881	421,879	437,575	473,712	479,820	503,645	562,887	557,384	559,723	595,915	624,425
Total Liabilities	250,771	260,980	270,005	286,122	294,282	304,519	343,324	333,778	339,277	362,882	378,402
Total Current Liabilities	136,975	143,430	155,453	167,579	166,020	169,295	194,000	179,860	180,487	192,950	196,359
Short-Term Debt	74,721	75,797	82,974	87,958	91,417	97,473	117,301	92,126	103,187	113,123	118,070
Accounts Payable	27,706	30,509	31,445	34,227	34,638	32,642	36,575	35,343	37,562	34,727	36,874
Accrued Expenses	22,246	24,249	28,165	29,230	12,129	11,728	12,630	12,520	11,694	12,325	12,194
Current Deferred & Payable Income Tax Liabilities	2,908	3,054	2,007	4,353	2,886	1,981	3,172	6,808	3,048	8,098	3,372
Other Current Liabilities	9,394	9,821	10,862	11,810	24,950	25,471	24,322	33,061	24,998	24,678	25,849
Total Noncurrent Liabilities	113,796	117,550	114,552	118,543	128,261	135,225	149,324	153,918	158,789	169,932	182,043
Long-Term Debt	83,481	86,925	88,965	94,222	101,884	106,699	121,564	126,058	132,643	143,178	156,097
Noncurrent Deferred & Payable Income Tax Liabilities	19,160	18,200	12,779	10,529	11,024	11,179	11,275	11,156	13,577	14,678	11,070
Noncurrent Employee Benefit Liabilities	7,338	8,049	8,124	8,768	9,007	9,538	9,357	8,422	8,026	7,128	6,802
Other Noncurrent Operating Liabilities	3,817	4,375	4,684	5,024	6,346	7,808	7,128	8,282	4,543	4,947	8,074
Total Equity & Noncontrolling Interests	147,110	156,631	163,209	182,958	185,538	199,126	3,589	223,607	220,446	233,034	246,023
Total Preferred & Common Equity	139,948	148,968	157,210	176,422	178,818	192,406	211,574	216,123	213,474	226,299	239,659
Total Common Equity	139,948	148,968	157,210	176,422	178,818	192,406	264,036	216,123	213,474	226,299	239,659
Common Stock	7,870	8,408	7,908	8,329	7,943	8,271	8,085	7,375	6,748	5,878	5,933
Retained Earnings	129,976	149,388	157,985	183,366	185,166	207,478	217,899	217,829	213,509	216,872	239,101
Treasury Stock	-10,216	-14,262	-14,435	-19,376	-23,417	-28,807	26,231	-27,224	-28,147	-26,233	-29,459
Other Equity Adjustments	-	-	-	-	9,127	5,464	11,822	18,143	21,365	29,783	24,084
Noncontrolling Interest	7,162	7,663	5,998	6,536	6,720	6,720	7,989	7,484	6,972	6,734	6,365

This table presents Toyota Motor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q4 2023	Q4 2024
Period end date	3/31/2022	3/31/2023	3/31/2024
Total Assets	557,384	559,723	595,915
Total Current Assets	195,342	199,320	229,561
Cash & Equivalents	50,343	56,625	62,241
Accounts Receivable	85,014	89,386	98,179
Inventories, net	31,467	32,057	30,455
Current Deferred & Refundable Income Taxes	1,350	1,647	773
Other Current Assets	6,521	6,681	6,819
Other Current Nonoperating Assets	20,646	12,924	31,095
Plant, Property, & Equipment, net	101,504	95,171	94,285
Plant, Property & Equipment, gross	230,365	220,784	213,991
Accumulated Depreciation	128,861	125,613	119,706
Total Noncurrent Assets	260,539	265,231	272,069
Long-Term Investments	39,838	39,377	37,760
Intangible Assets	9,815	9,410	8,963
Noncurrent Deferred & Refundable Income Taxes	2,818	2,918	3,321
Other Noncurrent Operating Assets	208,068	213,526	222,025
Total Liabilities & Shareholders' Equity	557,384	559,723	595,915
Total Liabilities	333,778	339,277	362,882
Total Current Liabilities	179,860	180,487	192,950
Short-Term Debt	92,126	103,187	113,123
Accounts Payable	35,343	37,562	34,727
Accrued Expenses	12,520	11,694	12,325
Current Deferred & Payable Income Tax Liabilities	6,808	3,048	8,098
Other Current Liabilities	33,061	24,998	24,678
Total Noncurrent Liabilities	153,918	158,789	169,932
Long-Term Debt	126,058	132,643	143,178
Noncurrent Deferred & Payable Income Tax Liabilities	11,156	13,577	14,678
Noncurrent Employee Benefit Liabilities	8,422	8,026	7,128
Other Noncurrent Operating Liabilities	8,282	4,543	4,947
Total Equity & Noncontrolling Interests	223,607	220,446	233,034
Total Preferred & Common Equity	216,123	213,474	226,299
Total Common Equity	216,123	213,474	226,299
Common Stock	7,375	6,748	5,878
Retained Earnings	217,829	213,509	216,872
Treasury Stock	-27,224	-28,147	-26,233
Other Equity Adjustments	18,143	21,365	29,783
Noncontrolling Interest	7,484	6,972	6,734

This table displays calculated financial ratios and metrics derived from Toyota Motor's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.53%	-4.65%	7.74%	8.42%	-1.80%	-4.80%	-4.80%	5.03%	8.32%	6.55%	0.00%
EBITDA Growth	52.63%	-1.81%	-18.34%	32.92%	-19.59%	9.12%	9.93%	15.36%	-8.87%	26.29%	553.81%
EBIT Growth	40.02%	-5.52%	303.24%	43.58%	-34.73%	271.38%	16.41%	23.33%	-13.98%	45.91%	261.37%
NOPAT Growth	42.22%	-3.15%	-21.66%	77.46%	-27.11%	216.58%	-8.62%	14.91%	-21.50%	84.78%	265.83%
Net Income Growth	11.50%	-3.57%	-24.43%	36.68%	-49.99%	17.02%	8.59%	14.73%	-20.67%	78.58%	232.78%
EPS Growth	22.34%	-2.23%	39,715.54%	41.54%	-26.06%	4,771.61%	-99.00%	17.63%	-20.01%	79.00%	0.00%
Operating Cash Flow Growth	-7.75%	10.65%	-11.29%	41.06%	115.05%	-67.67%	10.15%	24.34%	-27.38%	24.96%	-11.34%
Free Cash Flow Firm Growth	-95.43%	-57.51%	-26.49%	-107.47%	-20,530.91%	1,431.64%	-550.83%	244.57%	-110.41%	711.19%	146.62%
Invested Capital Growth	0.20%	5.40%	119.78%	19.48%	85.92%	4.57%	10.38%	-1.67%	4.95%	3.13%	4.77%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.60%	20.41%	17.62%	37.38%	36.02%	45.35%	17.76%	19.03%	16.99%	100.00%	58.79%
EBITDA Margin	15.34%	15.80%	26.63%	14.30%	25.68%	29.43%	16.99%	18.66%	15.70%	18.61%	8.63%
Operating Margin	20.20%	10.05%	7.23%	16.34%	8.16%	28.76%	8.08%	9.55%	7.33%	11.87%	6.39%
EBIT Margin	10.17%	10.07%	14.96%	16.80%	13.82%	29.30%	10.95%	12.86%	10.21%	13.98%	6.39%
Profit (Net Income) Margin	8.47%	8.57%	13.97%	17.60%	13.14%	14.70%	8.39%	9.16%	6.71%	11.25%	5.26%
Tax Burden Percent	79.78%	81.59%	175.67%	197.38%	86.88%	72.90%	77.83%	72.04%	67.95%	72.81%	82.28%
Interest Burden Percent	208.98%	104.28%	212.56%	106.16%	218.91%	225.25%	98.40%	98.91%	96.70%	110.46%	100.00%
Effective Tax Rate	61.77%	29.44%	57.33%	38.50%	57.75%	24.41%	22.17%	27.96%	32.05%	27.19%	28.07%
Return on Invested Capital (ROIC)	9.86%	9.29%	6.97%	9.05%	6.27%	5.67%	4.82%	5.32%	4.11%	7.31%	8.40%
ROIC Less NNEP Spread (ROIC-NNEP)	18.66%	22.50%	52.06%	69.24%	9.48%	119.53%	7.18%	8.00%	8.24%	13.46%	11.89%
Return on Net Nonoperating Assets (RNNOA)	5.33%	3.87%	7.75%	9.30%	3.28%	75.86%	15.54%	15.51%	4.35%	7.49%	6.32%
Return on Equity (ROE)	30.38%	13.17%	22.63%	27.40%	9.56%	20.12%	20.36%	20.84%	8.46%	14.79%	14.72%
Cash Return on Invested Capital (CROIC)	19.52%	4.04%	6.70%	-0.47%	-26.47%	1.20%	-5.05%	7.01%	-0.72%	4.22%	3.75%
Operating Return on Assets (OROA)	6.30%	5.81%	8.88%	10.19%	7.93%	10.01%	5.05%	5.93%	5.12%	7.22%	7.02%
Return on Assets (ROA)	5.26%	4.95%	8.54%	10.68%	7.50%	7.87%	3.87%	4.23%	3.36%	5.80%	5.78%
Return on Common Equity (ROCE)	14.45%	12.35%	20.21%	25.74%	9.10%	19.42%	45.83%	44.04%	8.18%	14.34%	14.32%
Return on Equity Simple (ROE_SIMPLE)	15.03%	13.61%	22.65%	27.58%	9.97%	20.11%	9.75%	10.95%	8.80%	14.82%	14.71%
Net Operating Profit after Tax (NOPAT)	17,322	16,777	13,143	18,233	15,762	16,923	15,464	17,770	13,949	25,774	30,823
NOPAT Margin	13.96%	7.09%	5.16%	6.60%	5.81%	21.74%	6.29%	6.88%	4.98%	8.64%	4.60%
Net Nonoperating Expense Percent (NNEP)	-17.59%	-13.21%	-19.07%	-25.57%	-3.20%	-1.96%	-2.36%	-2.68%	-4.12%	-6.16%	-3.48%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	5.93%
Cost of Revenue to Revenue	160.40%	79.59%	82.38%	162.62%	81.99%	83.43%	82.24%	80.97%	83.01%	0.00%	41.21%
SG&A Expenses to Revenue	19.40%	10.36%	20.79%	21.04%	19.69%	21.54%	9.68%	9.48%	9.66%	8.90%	5.59%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.40%	10.36%	10.39%	21.04%	19.69%	21.54%	9.68%	9.48%	9.66%	8.90%	52.40%
Earnings before Interest and Taxes (EBIT)	25,227	23,834	19,069	23,225	18,753	23,141	26,938	33,222	28,579	41,699	42,850
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	38,066	37,378	33,951	39,540	34,850	38,028	41,802	48,225	43,945	55,500	57,868
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.30	0.92	0.91	0.98	0.88	0.84	0.83	1.36	1.08	1.81	1.20
Price to Tangible Book Value (P/TBV)	1.30	0.92	0.91	0.98	0.92	0.88	0.86	1.42	1.13	1.88	1.24
Price to Revenue (P/Rev)	0.73	0.58	0.56	0.62	0.58	0.62	0.89	1.13	0.82	1.37	0.43
Price to Earnings (P/E)	9.18	7.15	8.42	7.36	9.29	8.47	10.75	12.49	12.48	12.51	9.31
Dividend Yield	2.45%	4.02%	3.90%	6.72%	7.11%	6.97%	2.86%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	10.90%	13.99%	11.88%	13.59%	10.76%	11.81%	9.30%	8.01%	8.02%	7.99%	10.74%
Enterprise Value to Invested Capital (EV/IC)	1.24	0.94	0.92	0.98	0.93	0.90	1.02	1.29	1.09	1.60	1.25
Enterprise Value to Revenue (EV/Rev)	0.88	0.74	0.70	0.75	0.99	1.06	1.40	1.66	1.35	1.92	0.70
Enterprise Value to EBITDA (EV/EBITDA)	5.71	4.66	5.22	5.24	7.75	7.19	8.21	8.89	8.58	10.31	8.10
Enterprise Value to EBIT (EV/EBIT)	8.62	7.30	9.30	8.91	14.39	11.81	12.74	12.90	13.20	13.72	10.94
Enterprise Value to NOPAT (EV/NOPAT)	12.56	10.37	13.49	11.35	17.12	16.16	22.19	24.12	27.04	22.20	15.21
Enterprise Value to Operating Cash Flow (EV/OCF)	6.48	4.68	5.38	5.21	7.98	12.22	13.92	13.98	16.94	20.57	19.01
Enterprise Value to Free Cash Flow (EV/FCFF)	12.68	23.88	28.03	0.00	0.00	76.14	0.00	18.31	0.00	38.44	34.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.08	1.01	2.05	1.94	2.08	2.05	66.55	0.98	1.07	1.10	1.11
Long-Term Debt to Equity	1.14	0.54	1.06	1.00	1.10	1.07	33.87	0.56	0.60	0.61	0.63
Financial Leverage	0.29	0.17	0.15	0.13	0.75	0.55	2.16	1.94	0.53	0.56	0.53
Leverage Ratio	2.71	2.66	5.23	5.13	5.11	5.11	5.26	4.93	2.52	2.55	2.55
Compound Leverage Factor	5.67	2.78	2.78	2.72	5.59	2.88	5.18	4.88	2.43	2.81	2.55
Debt to Total Capital	51.82%	50.28%	50.64%	98.54%	102.05%	50.63%	98.52%	49.39%	51.69%	52.38%	52.71%
Short-Term Debt to Total Capital	24.47%	23.42%	24.44%	23.79%	24.13%	24.17%	48.38%	20.85%	22.62%	23.12%	22.70%
Long-Term Debt to Total Capital	27.34%	26.86%	52.41%	50.96%	54.09%	53.25%	50.14%	28.53%	29.07%	29.26%	30.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.69%	3.69%	3.05%	3.02%	3.55%	3.35%	3.30%	1.69%	1.53%	1.38%	1.22%
Common Equity to Total Capital	91.68%	46.03%	92.61%	95.42%	94.94%	96.02%	108.90%	48.92%	46.79%	46.25%	46.07%
Debt to EBITDA	8.31	4.35	10.13	4.61	5.55	5.37	5.71	4.52	5.37	4.62	4.74
Net Debt to EBITDA	0.75	0.65	1.44	1.17	6.63	5.57	2.80	2.65	3.18	2.82	3.03
Long-Term Debt to EBITDA	4.39	2.33	7.29	4.87	5.85	2.81	2.91	2.61	3.02	2.58	2.70
Debt to NOPAT	9.13	9.70	26.17	19.98	24.53	24.13	15.45	12.28	16.91	9.94	8.89
Net Debt to NOPAT	3.31	1.45	1.87	2.60	6.73	13.39	7.57	7.20	10.02	6.06	5.70
Long-Term Debt to NOPAT	4.82	5.18	13.54	10.55	12.93	12.61	7.86	7.09	9.51	5.56	5.06
Altman Z-Score	1.76	1.61	1.56	1.66	1.57	1.58	1.54	1.77	1.65	1.99	2.39
Noncontrolling Interest Sharing Ratio	9.80%	6.20%	13.57%	6.06%	9.59%	3.49%	-125.16%	-111.34%	3.26%	3.02%	2.73%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.13	2.06	2.04	1.04	2.09	1.06	1.09	1.10	1.19	1.26
Quick Ratio	0.85	0.86	0.85	1.66	1.72	1.71	0.89	0.75	0.81	0.83	0.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	17,150	7,288	6,323	-472	-65,065	3,591	-16,187	23,402	-2,436	14,886	13,742
Operating Cash Flow to CapEx	222.30%	111.05%	101.95%	119.74%	205.07%	141.30%	115.77%	165.42%	148.48%	145.81%	106.26%
Free Cash Flow to Firm to Interest Expense	164.59	24.71	23.32	-3.64	-516.05	2.71	-37.67	64.59	-2.58	21.70	0.00
Operating Cash Flow to Interest Expense	161.15	126.00	121.57	306.18	268.30	16.92	57.37	84.61	23.62	40.56	0.00
Operating Cash Flow Less CapEx to Interest Expense	32.33	12.54	2.33	25.24	6.63	4.94	7.81	33.46	7.71	12.74	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.62	0.58	1.85	1.82	1.14	1.18	0.46	0.46	0.50	0.52	1.10
Accounts Receivable Turnover	22.42	11.03	11.40	11.42	9.73	2.99	2.82	2.99	3.21	3.18	6.73
Inventory Turnover	10.99	10.42	21.12	19.82	18.52	18.44	8.13	7.27	7.31	0.00	9.04
Fixed Asset Turnover	3.27	2.88	5.72	5.87	5.65	5.53	2.44	2.53	2.85	3.15	6.82
Accounts Payable Turnover	13.87	6.47	13.56	13.69	13.03	13.20	5.85	5.82	6.37	0.00	7.72
Days Sales Outstanding (DSO)	32.56	33.08	32.01	63.94	75.20	244.13	129.32	122.07	113.72	114.79	54.20
Days Inventory Outstanding (DIO)	33.21	35.04	69.13	77.31	79.45	81.56	44.88	50.22	49.90	0.00	40.38
Days Payable Outstanding (DPO)	52.64	56.42	111.44	106.65	56.47	113.91	62.43	62.73	57.27	0.00	47.29
Cash Conversion Cycle (CCC)	13.13	11.71	27.41	30.94	116.91	211.78	111.76	109.56	106.35	114.79	47.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	175,772	185,261	192,081	210,787	291,614	304,946	336,597	330,965	347,349	358,238	375,319
Invested Capital Turnover	1.41	1.31	1.35	4.12	1.08	1.80	0.77	0.77	0.83	0.85	1.83
Increase / (Decrease) in Invested Capital	172	9,489	6,820	18,705	80,827	13,332	31,651	-5,632	16,384	10,889	17,081
Enterprise Value (EV)	217,541	174,024	177,249	206,992	269,916	273,398	343,191	428,546	377,164	572,225	468,939
Market Capitalization	181,717	137,730	142,378	172,627	157,121	160,857	218,168	293,058	230,365	409,191	287,009
Book Value per Share	$44.15	$47.34	$51.75	$59.31	$61.45	$679.30	$95.45	$77.30	$15.74	$16.68	$17.79
Tangible Book Value per Share	$44.15	$47.34	$51.75	$59.31	$58.65	$646.34	$91.83	$73.79	$15.04	$16.02	$17.11
Total Capital	305,312	323,620	339,509	369,771	378,839	403,297	242,455	441,792	456,276	489,334	520,190
Total Debt	158,202	162,722	171,939	182,180	193,301	204,171	238,865	218,185	235,830	256,300	274,167
Total Long-Term Debt	83,481	86,925	88,965	94,222	101,884	106,699	121,564	126,058	132,643	143,178	156,097
Net Debt	28,662	24,363	24,512	23,196	106,076	105,821	117,034	128,004	139,827	156,299	175,565
Capital Expenditures (CapEx)	30,215	33,465	32,335	33,183	32,991	15,840	21,295	18,531	14,992	19,077	23,210
Debt-free, Cash-free Net Working Capital (DFCFNWC)	43,785	45,573	34,643	37,430	41,590	46,887	44,982	57,265	65,395	87,493	109,144
Debt-free Net Working Capital (DFNWC)	87,266	94,344	87,594	91,308	97,670	105,135	129,200	107,608	122,020	149,734	169,067
Net Working Capital (NWC)	12,545	18,547	4,620	3,350	6,253	7,662	11,899	15,482	18,833	36,611	50,997
Net Nonoperating Expense (NNE)	-3,707	-3,502	-4,659	-6,099	-2,071	-2,077	-5,169	-5,901	-4,831	-7,762	-4,433
Net Nonoperating Obligations (NNO)	28,662	24,363	24,512	23,196	106,076	105,821	333,008	107,358	126,903	125,204	129,295
Total Depreciation and Amortization (D&A)	12,839	13,545	14,882	16,315	16,097	14,887	14,864	15,002	15,367	13,802	15,018
Debt-free, Cash-free Net Working Capital to Revenue	17.64%	19.26%	27.18%	27.08%	36.41%	40.17%	18.28%	22.16%	23.37%	29.34%	16.28%
Debt-free Net Working Capital to Revenue	35.17%	39.87%	68.72%	66.07%	35.98%	40.68%	52.52%	41.64%	43.60%	50.21%	25.22%
Net Working Capital to Revenue	5.06%	7.84%	3.62%	1.21%	4.61%	5.93%	4.84%	5.99%	6.73%	12.28%	7.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.27	$6.18	$5.59	$7.60	$5.87	$6.86	$803.23	$0.00	$1.35	$2.42	$0.00
Adjusted Weighted Average Basic Shares Outstanding	3.15B	3.04B	2.97B	2.91B	283.24M	2.77B	2.80B	0.00	13.57B	13.47B	13.05B
Adjusted Diluted Earnings per Share	$6.27	$6.13	$5.54	$7.52	$5.82	$6.81	$794.67	$0.00	$1.35	$2.42	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	3.15B	3.04B	2.97B	2.91B	283.24M	2.77B	2.80B	0.00	13.57B	13.47B	13.05B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.15B	3.04B	2.97B	2.91B	283.24M	2.77B	2.80B	0.00	13.57B	13.47B	13.05B
Normalized Net Operating Profit after Tax (NOPAT)	17,322	16,777	13,143	18,233	15,762	16,923	15,464	17,770	13,949	25,774	30,823
Normalized NOPAT Margin	13.96%	7.09%	10.31%	6.60%	11.61%	21.74%	6.29%	6.88%	4.98%	8.64%	4.60%
Pre Tax Income Margin	21.24%	10.50%	7.95%	8.92%	15.12%	20.17%	10.77%	12.72%	9.87%	15.45%	6.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	121.05	80.81	70.32	178.97	74.37	17.49	62.69	91.70	30.32	60.80	0.00
NOPAT to Interest Expense	166.24	56.88	96.93	140.50	125.01	12.79	35.98	49.05	14.80	37.58	0.00
EBIT Less CapEx to Interest Expense	-23.94	-32.66	-48.92	184.17	-112.93	5.52	13.13	40.55	14.42	32.99	0.00
NOPAT Less CapEx to Interest Expense	-123.74	-56.58	-141.56	145.71	-136.65	0.82	-13.57	-2.10	-1.11	9.77	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.05%	32.01%	72.87%	53.41%	71.94%	-1.18%	29.01%	26.49%	32.61%	19.14%	23.83%
Augmented Payout Ratio	84.23%	63.97%	145.94%	44.02%	127.30%	-33.09%	29.01%	26.49%	32.61%	19.14%	23.83%

No quarterly metrics and ratios for Toyota Motor are available.

Key Financial Trends

Toyota Motor's Balance Sheet Analysis (FY 2022 to FY 2024):

Over the past three fiscal years, Toyota has demonstrated several key trends in its balance sheet that retail investors may find relevant:

Cash & Equivalents have grown steadily, increasing from about $50.3 billion in 2022 to over $62.2 billion in 2024, highlighting improving liquidity.
Accounts Receivable increased substantially from $85.0 billion in 2022 to $98.2 billion in 2024, which may indicate growing sales or extended credit to customers.
Inventories have fluctuated slightly but remained roughly around $30 billion, showing relatively stable inventory management.
Total Current Assets rose from $195.3 billion in 2022 to $229.6 billion in 2024, reflecting stronger short-term asset positions.
Plant, Property & Equipment (gross) declined from $230.4 billion in 2022 to $214.0 billion in 2024, which could suggest asset depreciation or divestment.
Net PP&E decreased slightly from $101.5 billion in 2022 to $94.3 billion in 2024, indicating some reduction in fixed assets after accounting for depreciation.
Total Assets have grown meaningfully from $557.4 billion in 2022 to nearly $596.0 billion in 2024, indicating overall company expansion.
Total Liabilities increased from $333.8 billion in 2022 to $362.9 billion in 2024, reflecting a rise in the company's total obligations.
Short-Term Debt rose from $92.1 billion in 2022 to $113.1 billion in 2024, signifying higher near-term borrowing.
Total Common Equity advanced significantly from $216.1 billion in 2022 to $226.3 billion in 2024, supporting a stronger equity base.

Summary: Toyota has generally strengthened its liquidity, total assets, and shareholders' equity over the last three years, which are positive indicators for investors. However, increasing liabilities, particularly short-term debt, alongside a slight decline in net fixed assets, may warrant attention. The company appears to be expanding but is also taking on more debt. Overall, the balance sheet reflects cautious growth with improving asset strength.

08/29/25 11:23 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Toyota Motor's Financials

When does Toyota Motor's fiscal year end?

According to the most recent income statement we have on file, Toyota Motor's financial year ends in March. Their financial year 2025 ended on March 31, 2025.

How has Toyota Motor's net income changed over the last 10 years?

Toyota Motor's net income appears to be on a downward trend, with a most recent value of $35.26 billion in 2025, rising from $21.03 billion in 2015. The previous period was -$26.55 billion in 2024. View Toyota Motor's forecast to see where analysts expect Toyota Motor to go next.

What is Toyota Motor's operating income?

Toyota Motor's total operating income in 2025 was $42.85 billion, based on the following breakdown:

Total Gross Profit: $394.14 billion
Total Operating Expenses: $351.29 billion

How has Toyota Motor's revenue changed over the last 10 years?

Over the last 10 years, Toyota Motor's total revenue changed from $248.16 billion in 2015 to $670.45 billion in 2025, a change of 170.2%.

How much debt does Toyota Motor have?

Toyota Motor's total liabilities were at $378.40 billion at the end of 2025, a 4.3% increase from 2024, and a 50.9% increase since 2015.

How much cash does Toyota Motor have?

In the past 10 years, Toyota Motor's cash and equivalents has ranged from $19.04 billion in 2015 to $62.24 billion in 2024, and is currently $59.92 billion as of their latest financial filing in 2025.

How has Toyota Motor's book value per share changed over the last 10 years?

Over the last 10 years, Toyota Motor's book value per share changed from 44.15 in 2015 to 17.79 in 2025, a change of -59.7%.

Related Companies

This page (NYSE:TM) was last updated on 8/29/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Toyota Motor (TM) Financials

Key Financial Trends

Financials Breakdown Chart

Frequently Asked Questions About Toyota Motor's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Toyota Motor (TM) Financials

Annual Income Statements for Toyota Motor

Quarterly Income Statements for Toyota Motor

Annual Cash Flow Statements for Toyota Motor

Quarterly Cash Flow Statements for Toyota Motor

Annual Balance Sheets for Toyota Motor

Quarterly Balance Sheets for Toyota Motor

Annual Metrics And Ratios for Toyota Motor

Quarterly Metrics And Ratios for Toyota Motor

Key Financial Trends

Financials Breakdown Chart

Frequently Asked Questions About Toyota Motor's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools