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World's largest automaker by volume, selling gasoline, hybrid and increasingly EV vehicles under Toyota and Lexus.
World's largest automaker by volume, selling gasoline, hybrid and increasingly EV vehicles under Toyota and Lexus.
Sells through franchised dealers worldwide, with hybrids a large part of volume while battery-only cars remain a small part. Its financing arm earns interest on loans and leases to buyers. Japan, North America and Asia are the big markets, and the founding Toyoda family still chairs the company.
In one line: Itself, the largest, most profitable automaker; closest US peer is General Motors, at much.
Moat: wide (scale, brand, cost advantage). Largest global production scale, legendary manufacturing efficiency (Toyota Production System), and dealer network.
Headquarters: Toyota City, Aichi, Japan · Founded: 1937 · Employees: 390,927
Size Toyota Motor (7203.T) is a Japan Consumer Discretionary company (Motor Vehicles) with a market value of $251B, the largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,338 on 6 Nov 2026.
Performance Over six months the shares gained 10.4%, against -1.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 7.2% over the last twelve months (peer median +6.8%); the operating margin is 7.0% (peer median 6.0%).
Valuation It trades at 10.6× forward earnings against a peer median of 10.6× (10th cheapest of 20).
Capital Return on invested capital runs 3.0 points below its cost of capital (6.5% WACC).
Credit Toyota Motor has 21 bonds outstanding ($16.2B), rated A+ by the agencies and trading like A+ at a weighted spread of 82 bp.
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥52.0T | ¥50.7T | ¥48.0T | ¥45.1T | ¥37.2T |
| Revenue growth | — | +6% | +7% | +21% | — |
| Gross profit | ¥8.71T | ¥8.46T | ¥9.58T | ¥9.37T | ¥6.31T |
| EBITDA | ¥6.15T | ¥6.16T | ¥7.05T | ¥7.44T | ¥4.76T |
| Net income | ¥4.48T | ¥3.85T | ¥4.77T | ¥4.94T | ¥2.45T |
| Free cash flow | -¥842B | ¥558B | -¥1.21T | -¥508B | -¥402B |
| Capital expenditure | ¥5.36T | ¥5.29T | ¥5.26T | ¥5.05T | ¥3.71T |
| Total debt | ¥44.0T | ¥43.2T | ¥38.8T | ¥36.6T | ¥29.4T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Toyota Motor 7203.T | $251B | +10% | +7% | 7% | 10.6× | n/a |
| Volkswagen VOW.DE | $39.1B | -24% | -3% | 7% | 5.5× | n/a |
| General Motors GM | $72.7B | +10% | 0% | 2% | 6.1× | 23.9% |
| HyundaiMtr 005380.KS | $47.5B | -47% | +1% | 5% | 7.3× | n/a |
| Honda Motor 7267.T | $45.2B | +45% | +4% | -1% | 11.7× | 18.2% |
| Stellantis STLAP.PA | $17.0B | -40% | -2% | -14% | 8.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 7203.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.9% | +7.5% | 4th highest of 21 |
| 6-month return | +10.4% | -1.5% | 5th highest of 21 |
| Distance from 52-week high | -15.3% | -22.9% | 10th highest of 21 |
| Revenue growth (TTM) | +7.2% | +6.8% | 11th highest of 21 |
| Operating margin | 7.0% | 6.0% | 7th highest of 21 |
| Forward P/E | 10.6× | 10.6× | 10th cheapest of 20 |
| ROIC minus cost of capital | -3.0 pp | -1.8 pp | 6th lowest of 21 |
| EV / EBITDA | 12.0× | 10.7× | 8th most expensive of 16 |
| Net debt / EBITDA | 5.5× | 2.7× | 7th most indebted of 17 |
| Bond spread | 82 bp | 100 bp | 5th tightest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Toyota Motor 7203.T | Japan | $251B | +10% | +7% | 7% | 10.6× | n/a | n/a |
| Ferrari RACE.MI | Italy | $92.2B | +30% | +6% | 30% | 37.7× | 22.8% | +15.6% |
| General Motors GM | United States | $72.7B | +10% | 0% | 2% | 6.1× | 23.9% | +8.6% |
| Ford Motor F | United States | $48.8B | +2% | -1% | 2% | 7.0× | 25.6% | +8.1% |
| Porsche P911.DE | Germany | $47.8B | 0% | -10% | 6% | 22.9× | 17.3% | +4.8% |
| HyundaiMtr 005380.KS | South Korea | $47.5B | -47% | +1% | 5% | 7.3× | n/a | n/a |
| Honda Motor 7267.T | Japan | $45.2B | +45% | +4% | -1% | 11.7× | 18.2% | +10.6% |
| Mercedes-Benz MBG.DE | Germany | $44.9B | -19% | -7% | 5% | 7.9× | 4.5% | +1.7% |
| Tesla TSLA | United States | $1.42T | -16% | +8% | 4% | 176.4× | n/a | n/a |
| Mahindra & Mahindra M&M.NS | India | $43.1B | -2% | +26% | 15% | 24.0× | 13.6% | +21.5% |
| Maruti Suzuki India MARUTI.NS | India | $42.3B | -7% | +30% | 7% | 30.1× | 27.7% | +21.1% |
| Bayerische Motoren Werke BMW.DE | Germany | $40.3B | -22% | -6% | 6% | 9.7× | n/a | n/a |
| Volkswagen VOW.DE | Germany | $39.1B | -24% | -3% | 7% | 5.5× | n/a | n/a |
| Daimler Truck DTG.DE | Germany | $34.7B | -1% | -14% | 5% | 10.6× | 9.8% | +4.8% |
| Bajaj Auto BAJAJ-AUTO.NS | India | $31.7B | +3% | +48% | 19% | 24.0× | 27.3% | +17.4% |
| Kia 000270.KS | South Korea | $28.3B | -34% | +8% | 7% | 5.4× | -12.9% | +14.0% |
| Suzuki Motor 7269.T | Japan | $27.3B | +26% | +14% | 9% | 9.1× | -0.8% | +14.6% |
| TVS Motor TVSMOTOR.NS | India | $22.6B | +21% | +34% | 12% | 42.5× | n/a | n/a |
| Eicher Motors EICHERMOT.NS | India | $22.3B | +5% | +28% | 21% | 33.0× | 36.0% | +21.8% |
| Geely Auto 0175.HK | Hong Kong | $20.1B | -34% | +27% | 4% | 6.5× | -9.3% | +29.3% |
| Rivian Automotive RIVN | United States | $19.9B | -4% | +11% | -53% | n/a | n/a | n/a |
Toyota Motor has 21 bonds outstanding with $16.2B face value. The agencies rate it A+; its bonds trade like A+. Weighted yield 4.13%, a spread of 82 bp over government bonds.