What is Toyota Motor's earnings per share (EPS)?

Toyota Motor (TM) reported diluted earnings per share of $3.23 for fiscal year 2013. This represents a 193.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Toyota Motor Financials

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2013 Currency USD FYE March

This page shows Toyota Motor (TM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TM FY2013 2026-04-22

FY2013 profit recovery came mainly from margin restoration, not big sales growth, inside a balance-sheet-heavy operating model.

Between FY2012 and FY2013, operating income climbed from $4.3B to $14.0B even though sales moved only modestly, which means the profit snapback was driven below the revenue line. The key shift was gross-margin restoration: gross margin widened from 15.0% to 18.4% while SG&A discipline kept overhead roughly flat, making FY2013 a margin-led recovery rather than a volume-led one.

Cash generation looked stronger than reported profit in FY2013, with operating cash flow of $26.1B against net income of $10.2B, a sign that the accounting rebound translated into cash. Free cash flow still reached $17.0B after $9.1B of capex, so the rebound was not being swallowed by reinvestment before cash could leave the business.

Toyota also operates with a balance-sheet-heavy funding model: FY2013 liabilities were $241.5B versus equity of $129.2B, so creditors finance a large share of the asset base. Because the current ratio stayed near 1.1x across the last three years, liquidity appears managed tightly rather than padded with idle cash, which is a useful clue to how day-to-day funding is run.

Financial Health Signals

Financial health score pending refresh

We are recalculating Toyota Motor's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress

1.79

Toyota Motor scores 1.79, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

Toyota Motor passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.55x

For every $1 of reported earnings, Toyota Motor generates $2.55 in operating cash flow ($26.1B OCF vs $10.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

57.6x

Toyota Motor earns $57.6 in operating income for every $1 of interest expense ($14.0B vs $244.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$234.6B

YoY+3.8%

Toyota Motor generated $234.6B in revenue in fiscal year 2013. This represents an increase of 3.8% from the prior year.

EBITDA

$25.8B

YoY+48.9%

Toyota Motor's EBITDA was $25.8B in fiscal year 2013, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.9% from the prior year.

Net Income

$10.2B

YoY+196.5%

Toyota Motor reported $10.2B in net income in fiscal year 2013. This represents an increase of 196.5% from the prior year.

EPS (Diluted)

$3.23

YoY+193.6%

Toyota Motor earned $3.23 per diluted share (EPS) in fiscal year 2013. This represents an increase of 193.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$17.0B

YoY+91.4%

Toyota Motor generated $17.0B in free cash flow in fiscal year 2013, representing cash available after capex. This represents an increase of 91.4% from the prior year.

Cash & Debt

$18.3B

YoY+2.3%

Toyota Motor held $18.3B in cash against $78.0B in long-term debt as of fiscal year 2013.

Dividends Per Share

$0.96

YoY+57.4%

Toyota Motor paid $0.96 per share in dividends in fiscal year 2013. This represents an increase of 57.4% from the prior year.

Shares Outstanding

3.17B

YoY+0.0%

Toyota Motor had 3.17B shares outstanding in fiscal year 2013. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

18.4%

YoY+3.4pp

Toyota Motor's gross margin was 18.4% in fiscal year 2013, indicating the percentage of revenue retained after direct costs. This is up 3.4 percentage points from the prior year.

Operating Margin

6.0%

YoY+4.1pp

Toyota Motor's operating margin was 6.0% in fiscal year 2013, reflecting core business profitability. This is up 4.1 percentage points from the prior year.

Net Margin

4.4%

YoY+2.8pp

Toyota Motor's net profit margin was 4.4% in fiscal year 2013, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.

Return on Equity

7.9%

YoY+5.2pp

Toyota Motor's ROE was 7.9% in fiscal year 2013, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$8.6B

YoY-9.5%

Toyota Motor invested $8.6B in research and development in fiscal year 2013. This represents a decrease of 9.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$9.1B

YoY+3.2%

Toyota Motor invested $9.1B in capex in fiscal year 2013, funding long-term assets and infrastructure. This represents an increase of 3.2% from the prior year.

TM Income Statement

Metric	FY13	FY12	FY11	FY10
Revenue	$234.6B+3.8%	$226.1B-1.0%	$228.4B+12.1%	$203.7B
Cost of Revenue	$191.5B-0.4%	$192.2B0.0%	$192.3B+12.0%	$171.7B
Gross Profit	$43.1B+27.1%	$33.9B-6.2%	$36.2B+13.0%	$32.0B
R&D Expenses	$8.6B-9.5%	$9.5B+8.0%	$8.8B	N/A
SG&A Expenses	$22.4B-0.1%	$22.4B-2.6%	$23.0B+0.8%	$22.8B
Operating Income	$14.0B+224.6%	$4.3B-23.2%	$5.6B+255.1%	$1.6B
Interest Expense	$244.0M-12.5%	$279.0M-21.0%	$353.0M-1.7%	$359.0M
Income Tax	$5.9B+83.8%	$3.2B-15.2%	$3.8B+277.7%	$996.0M
Net Income	$10.2B+196.5%	$3.5B-29.7%	$4.9B+118.1%	$2.3B
EPS (Diluted)	$3.23+193.6%	$1.10-29.9%	$1.57+118.1%	$0.72

Metric	Q4'13	Q4'12	Q4'11	Q4'10
Revenue	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A

TM Balance Sheet

Metric	FY13	FY12	FY11	FY10
Total Assets	$377.3B+1.2%	$372.9B+4.0%	$358.6B+9.9%	$326.2B
Current Assets	$146.6B-2.2%	$149.9B+5.4%	$142.3B+1.2%	$140.5B
Cash & Equivalents	$18.3B+2.3%	$17.9B-29.5%	$25.3B+12.8%	$22.4B
Inventory	$18.2B-7.6%	$19.7B+25.8%	$15.7B+2.6%	$15.3B
Accounts Receivable	N/A	N/A	N/A	$20.3B
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$241.5B+1.3%	$238.3B+4.8%	$227.3B+5.8%	$214.8B
Current Liabilities	$137.3B-4.2%	$143.3B+10.5%	$129.8B+13.0%	$114.9B
Long-Term Debt	$78.0B+6.1%	$73.5B-5.2%	$77.6B+2.9%	$75.4B
Total Equity	$129.2B+0.6%	$128.4B+3.3%	$124.3B+11.6%	$111.3B
Retained Earnings	$134.9B-6.9%	$145.0B+1.9%	$142.3B+14.5%	$124.3B

Metric	Q4'13	Q4'12	Q4'11	Q4'10
Total Assets	$377.3B+1.2%	$372.9B+4.0%	$358.6B+9.9%	$326.2B
Current Assets	$146.6B-2.2%	$149.9B+5.4%	$142.3B+1.2%	$140.5B
Cash & Equivalents	$18.3B+2.3%	$17.9B-29.5%	$25.3B+12.8%	$22.4B
Inventory	$18.2B-7.6%	$19.7B+25.8%	$15.7B+2.6%	$15.3B
Accounts Receivable	N/A	N/A	N/A	$20.3B
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$241.5B+1.3%	$238.3B+4.8%	$227.3B+5.8%	$214.8B
Current Liabilities	$137.3B-4.2%	$143.3B+10.5%	$129.8B+13.0%	$114.9B
Long-Term Debt	$78.0B+6.1%	$73.5B-5.2%	$77.6B+2.9%	$75.4B
Total Equity	$129.2B+0.6%	$128.4B+3.3%	$124.3B+11.6%	$111.3B
Retained Earnings	$134.9B-6.9%	$145.0B+1.9%	$142.3B+14.5%	$124.3B

TM Cash Flow Statement

Metric	FY13	FY12	FY11	FY10
Operating Cash Flow	$26.1B+47.5%	$17.7B-27.4%	$24.3B-11.5%	$27.5B
Capital Expenditures	$9.1B+3.2%	$8.8B+16.3%	$7.6B+16.5%	$6.5B
Free Cash Flow	$17.0B+91.4%	$8.9B-47.1%	$16.8B-20.1%	$21.0B
Investing Cash Flow	-$32.2B-83.4%	-$17.6B+31.0%	-$25.5B+16.9%	-$30.6B
Financing Cash Flow	$5.1B+217.4%	-$4.3B-182.8%	$5.2B+274.8%	-$3.0B
Dividends Paid	$2.0B+5.9%	$1.9B+12.4%	$1.7B-8.5%	$1.9B
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q4'13	Q4'12	Q4'11	Q4'10
Operating Cash Flow	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

TM Financial Ratios

Metric	FY13	FY12	FY11	FY10
Gross Margin	18.4%+3.4pp	15.0%-0.8pp	15.8%+0.1pp	15.7%
Operating Margin	6.0%+4.1pp	1.9%-0.6pp	2.5%+1.7pp	0.8%
Net Margin	4.4%+2.8pp	1.5%-0.6pp	2.1%+1.0pp	1.1%
Return on Equity	7.9%+5.2pp	2.7%-1.3pp	4.0%+1.9pp	2.0%
Return on Assets	2.7%+1.8pp	0.9%-0.4pp	1.4%+0.7pp	0.7%
Current Ratio	1.07+0.0	1.05-0.1	1.10-0.1	1.22
Debt-to-Equity	0.60+0.0	0.57-0.1	0.62-0.1	0.68
FCF Margin	7.2%+3.3pp	3.9%-3.4pp	7.3%-3.0pp	10.3%

Metric	Q4'13	Q4'12	Q4'11	Q4'10
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A
Current Ratio	1.07+0.0	1.05-0.1	1.10-0.1	1.22
Debt-to-Equity	0.60+0.0	0.57-0.1	0.62-0.1	0.68
FCF Margin	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Toyota Motor's annual revenue?

Toyota Motor (TM) reported $234.6B in total revenue for fiscal year 2013. This represents a 3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Toyota Motor's revenue growing?

Toyota Motor (TM) revenue grew by 3.8% year-over-year, from $226.1B to $234.6B in fiscal year 2013.

Is Toyota Motor profitable?

Yes, Toyota Motor (TM) reported a net income of $10.2B in fiscal year 2013, with a net profit margin of 4.4%.

What is Toyota Motor's EBITDA?

Toyota Motor (TM) had EBITDA of $25.8B in fiscal year 2013, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Toyota Motor have?

As of fiscal year 2013, Toyota Motor (TM) had $18.3B in cash and equivalents against $78.0B in long-term debt.

What is Toyota Motor's gross margin?

Toyota Motor (TM) had a gross margin of 18.4% in fiscal year 2013, indicating the percentage of revenue retained after direct costs of goods sold.

What is Toyota Motor's operating margin?

Toyota Motor (TM) had an operating margin of 6.0% in fiscal year 2013, reflecting the profitability of core business operations before interest and taxes.

What is Toyota Motor's net profit margin?

Toyota Motor (TM) had a net profit margin of 4.4% in fiscal year 2013, representing the share of revenue converted into profit after all expenses.

Does Toyota Motor pay dividends?

Yes, Toyota Motor (TM) paid $0.96 per share in dividends during fiscal year 2013.

What is Toyota Motor's return on equity (ROE)?

Toyota Motor (TM) has a return on equity of 7.9% for fiscal year 2013, measuring how efficiently the company generates profit from shareholder equity.

What is Toyota Motor's free cash flow?

Toyota Motor (TM) generated $17.0B in free cash flow during fiscal year 2013. This represents a 91.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Toyota Motor's operating cash flow?

Toyota Motor (TM) generated $26.1B in operating cash flow during fiscal year 2013, representing cash generated from core business activities.

What are Toyota Motor's total assets?

Toyota Motor (TM) had $377.3B in total assets as of fiscal year 2013, including both current and long-term assets.

What are Toyota Motor's capital expenditures?

Toyota Motor (TM) invested $9.1B in capital expenditures during fiscal year 2013, funding long-term assets and infrastructure.

How much does Toyota Motor spend on research and development?

Toyota Motor (TM) invested $8.6B in research and development during fiscal year 2013.

How many shares does Toyota Motor have outstanding?

Toyota Motor (TM) had 3.17B shares outstanding as of fiscal year 2013.

What is Toyota Motor's current ratio?

Toyota Motor (TM) had a current ratio of 1.07 as of fiscal year 2013, which is considered adequate.

What is Toyota Motor's debt-to-equity ratio?

Toyota Motor (TM) had a debt-to-equity ratio of 0.60 as of fiscal year 2013, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Toyota Motor's return on assets (ROA)?

Toyota Motor (TM) had a return on assets of 2.7% for fiscal year 2013, measuring how efficiently the company uses its assets to generate profit.

What is Toyota Motor's Altman Z-Score?

Toyota Motor (TM) has an Altman Z-Score of 1.79, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Toyota Motor's Piotroski F-Score?

Toyota Motor (TM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Toyota Motor's earnings high quality?

Toyota Motor (TM) has an earnings quality ratio of 2.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Toyota Motor cover its interest payments?

Toyota Motor (TM) has an interest coverage ratio of 57.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.