TOYO revenueFY2025$427.38M
- FY YoY
- +141.5%
TOYO revenue was $427.38M for fiscal 2025 (ended Dec 31, 2025), up 141.5% from fiscal 2024.
TOYO Co. Ltd (TOYO) financials
For fiscal 2025 (ended Dec 31, 2025), TOYO Co. Ltd reported $427.38M of revenue and $39.66M of net income.
- Revenue, FY2025
- $427.38M
- Revenue growth, YoY
- +141.5%
- Net income, FY2025
- $39.66M
- Net income growth, YoY
- -2.3%
- Net margin
- 9.3%
- Free cash flow, FY2025
- $41.24M
- EPS, diluted, FY2025
- $1.13
- EPS growth, YoY
- +3.7%
- Cash
- $58.86M
- P/E
- 5.78
- P/S
- 0.54
- Market cap
- $229.4M
FY2023FY2025
FY2023FY2025
FY2023FY2025
TOYO revenue and earnings growth
TOYO net incomeFY2025$39.66M
- FY YoY
- -2.3%
TOYO net income was $39.66M for fiscal 2025 (ended Dec 31, 2025), down 2.3% from fiscal 2024.
TOYO EPSFY2025$1.13
- FY YoY
- +3.7%
TOYO diluted EPS was $1.13 for fiscal 2025 (ended Dec 31, 2025), up 3.7% from fiscal 2024.
TOYO free cash flowFY2025$41.24M
- FY YoY
- +929.5%
TOYO free cash flow was $41.24M for fiscal 2025 (ended Dec 31, 2025), up 929.5% from fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $427.38M | $176.96M | $62.38M |
| Cost of revenue | $331.05M | $155.06M | $45.74M |
| Gross profit | $96.34M | $21.90M | $16.64M |
| Selling, general and admin | $31.38M | $11.41M | $4.63M |
| Operating income | $59.04M | $8.86M | $11.99M |
| Interest expense | $3.32M | $3.26M | $3.26M |
| Pre-tax income | $52.52M | $41.28M | $9.89M |
| Income tax | $15.37M | $781.2K | - |
| Net income | $39.66M | $40.61M | $9.89M |
| EPS, basic | $1.14 | $1.09 | $0.24 |
| EPS, diluted | $1.13 | $1.09 | $0.24 |
| Diluted shares | 30.3M | 30.8M | 41.0M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $58.86M | $17.15M | $19.00M |
| Receivables | $11.25M | $6.91M | - |
| Inventory | $79.99M | $19.98M | $40.00M |
| Current assets | $171.85M | $55.39M | $82.75M |
| Total assets | $441.43M | $239.80M | $238.28M |
| Current liabilities | $295.70M | $125.03M | $169.19M |
| Short-term debt | $5.47M | $16.13M | - |
| Long-term debt | - | $21.00M | $11.82M |
| Total debt | - | $37.13M | $11.82M |
| Total liabilities | $330.18M | $180.36M | $181.39M |
| Shareholders' equity | $111.26M | $59.24M | $56.90M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | $132.99M | $46.51M | -$12.53M |
| Capital expenditures | $91.75M | $42.50M | $114.11M |
| Free cash flow | $41.24M | $4.01M | -$126.64M |
| Investing cash flow | -$98.40M | -$44.04M | -$114.24M |
| Financing cash flow | $9.10M | -$2.09M | $146.15M |
| Stock-based compensation | $9.00M | $609.0K | - |
| Depreciation and amortization | - | $23.24M | $2.61M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue growth, YoY | 141.5% | 183.7% | - |
| Net income growth, YoY | -2.3% | 310.7% | - |
| EPS growth, YoY | 3.7% | 354.2% | - |
| Gross margin | 22.5% | 12.4% | 26.7% |
| Operating margin | 13.8% | 5.0% | 19.2% |
| Net margin | 9.3% | 23.0% | 15.9% |
| Free cash flow margin | 9.6% | 2.3% | -203.0% |
| Return on equity | 35.6% | 68.6% | 17.4% |
| Return on assets | 9.0% | 16.9% | 4.2% |
| Current ratio | 0.58 | 0.44 | 0.49 |
| Debt to equity | - | 0.63 | 0.21 |
Source: XBRL data TOYO Co. Ltd files with the SEC, latest filing dated Apr 1, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
TOYO peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| TOYO | $427.38M | +141.5% | $39.66M | 9.3% | $229.4M |
| AMCR | $23.89B | +37.3% | $1.09B | 4.5% | $20.74B |
| BRC | $1.66B | +9.8% | $205.38M | 12.4% | $3.69B |
| ODC | $493.84M | +1.7% | $56.97M | 11.5% | $1.02B |
| DAKT | $854.30M | +14.0% | $48.34M | 5.7% | $933.5M |
| VTSI | $17.50M | -35.3% | -$2.77M | -15.8% | $30.3M |
| JCSE | SGD 20.30M | +5.3% | SGD 3.24M | 15.9% | $8.6M |
| DOGZ | $15.88M | -23.3% | -$27.63M | -173.9% | $8.1M |
| MWG | $44.77M | +44.1% | -$433.0K | -1.0% | $6.9M |
TOYO FAQ
9 questionsWhat is TOYO revenue?
TOYO Co. Ltd (TOYO) reported $427.38M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 141.5% from the year before.Is TOYO profitable?
Yes. TOYO Co. Ltd earned $39.66M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 9.3%.How much cash and debt does TOYO have?
TOYO Co. Ltd reported $58.86M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is TOYO revenue growing?
TOYO Co. Ltd's revenue changed +141.5% in fiscal 2025, to $427.38M.What is TOYO gross margin?
TOYO Co. Ltd's gross profit was $96.34M on $427.38M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 22.5%.What is TOYO free cash flow?
TOYO Co. Ltd generated $41.24M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $132.99M less capital expenditures.What is TOYO earnings per share?
Diluted earnings per share were $1.13 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did TOYO last report financial results?
The latest statements here come from TOYO Co. Ltd's 20-F filed on Apr 1, 2026, covering the period ended Dec 31, 2025.Where does this TOYO financial data come from?
Quantisnow builds these statements from the structured XBRL data TOYO Co. Ltd files with the SEC. It is provided for information only and is not investment advice.