TOYO Co WTS (TOYWF) Financials
Newest figures come from the 20-F for FY2025, filed Apr 1, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TOYWF SEC filings page.
TOYO Co Ltd WTS (TOYWF) reported $427.4M in revenue for fiscal year 2025, up 141.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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 (20-F and 6-K reports).
TOYO’s 2025 expansion generated cash and wider operating margins, but working-capital obligations and taxes kept reported earnings from matching operating progress.
Revenue expanded141.5% while operating income rose566.3% , a spread that points to fixed-cost absorption or mix improvement rather than growth alone. Operating cash flow of$133M versus free cash flow of$41.2M shows that capital spending absorbed much of the cash produced by operations.
Margin economics improved sharply: gross margin expanded
Expansion became more working-capital-intensive: inventory grew
Financial Health Signals
We do not publish a peer-relative financial health score for TOYO Co Ltd WTS, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
TOYO Co Ltd WTS passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, TOYO Co Ltd WTS generates $3.35 in operating cash flow ($133.0M OCF vs $39.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
TOYO Co Ltd WTS earns $80.02 in operating income for every $1 of interest expense ($59.0M vs $738K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
TOYO Co Ltd WTS generated $427.4M in revenue in fiscal year 2025. This represents an increase of 141.5% from the prior year.
TOYO Co Ltd WTS's EBITDA was $95.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 197.8% from the prior year.
TOYO Co Ltd WTS reported $39.7M in net income in fiscal year 2025. This represents a decrease of 2.3% from the prior year.
TOYO Co Ltd WTS earned $1.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 3.7% from the prior year.
Cash & Balance Sheet
TOYO Co Ltd WTS generated $41.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 929.5% from the prior year.
TOYO Co Ltd WTS held $58.9M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
TOYO Co Ltd WTS's gross margin was 22.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 10.2 percentage points from the prior year.
TOYO Co Ltd WTS's operating margin was 13.8% in fiscal year 2025, reflecting core business profitability. This is up 8.8 percentage points from the prior year.
TOYO Co Ltd WTS's net profit margin was 9.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 13.7 percentage points from the prior year.
TOYO Co Ltd WTS's ROE was 35.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 32.9 percentage points from the prior year.
Capital Allocation
TOYO Co Ltd WTS invested $91.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 115.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
TOYWF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Revenue | $427.4M+141.5% | $177.0M+183.7% | $62.4M |
| Cost of Revenue | $331.0M+113.5% | $155.1M+239.0% | $45.7M |
| Gross Profit | $96.3M+339.9% | $21.9M+31.6% | $16.6M |
| SG&A Expenses | $37.3M+186.1% | $13.0M+180.4% | $4.6M |
| Operating Income | $59.0M+566.3% | $8.9M-26.1% | $12.0M |
| EBITDA | $95.6M+197.8% | $32.1M+119.9% | $14.6M |
| Interest Expense | $738K+4.1% | $709K+234.3% | $212K |
| Income Tax | $15.4M+1867.4% | $781K | N/A |
| Net Income | $39.7M-2.3% | $40.6M+310.7% | $9.9M |
| EPS (Basic) | $1.14+4.6% | $1.09+354.2% | $0.24 |
| EPS (Diluted) | $1.13+3.7% | $1.09+354.2% | $0.24 |
| Diluted Shares (Avg) | 30M-1.4% | 31M-25.0% | 41M |
Not reported in any period shown, so not listed: R&D Expenses.
TOYWF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Total Assets | $441.4M+84.1% | $239.8M+0.6% | $238.3M |
| Current Assets | $171.8M+210.3% | $55.4M-33.1% | $82.8M |
| Cash & Equivalents | $58.9M+331.1% | $13.7M-24.3% | $18.0M |
| Short-Term Investments | $0n/m | $0n/m | $0 |
| Inventory | $80.0M+300.2% | $20.0M-50.0% | $40.0M |
| Accounts Receivable | $11.3M+62.8% | $6.9M | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0 |
| Total Liabilities | $330.2M+83.1% | $180.4M-0.6% | $181.4M |
| Current Liabilities | $295.7M+136.5% | $125.0M-26.1% | $169.2M |
| Non-Current Liabilities | $34.5M-37.7% | $55.3M+353.8% | $12.2M |
| Long-Term Debt | N/A | $21.0M+77.7% | $11.8M |
| Total Equity | $111.3M+87.8% | $59.2M+4.1% | $56.9M |
| Retained Earnings | $90.0M+78.8% | $50.3M+418.6% | $9.7M |
Not reported in any period shown, so not listed: Goodwill.
TOYWF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Operating Cash Flow | $133.0M+186.0% | $46.5Mn/m | -$12.5M |
| Depreciation & Amortization | $36.6M+57.3% | $23.2M+791.2% | $2.6M |
| Stock-Based Compensation | $9.0M+1378.0% | $609K | N/A |
| Capital Expenditures | $91.8M+115.9% | $42.5M-62.8% | $114.1M |
| Free Cash Flow | $41.2M+929.5% | $4.0Mn/m | -$126.6M |
| Investing Cash Flow | -$98.4Mn/m | -$44.0Mn/m | -$114.2M |
| Financing Cash Flow | $9.1Mn/m | -$2.1M-101.4% | $146.1M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TOYWF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F |
|---|---|---|---|
| Gross Margin | 22.5%+10.2pp | 12.4%-14.3pp | 26.7% |
| Operating Margin | 13.8%+8.8pp | 5.0%-14.2pp | 19.2% |
| Net Margin | 9.3%-13.7pp | 22.9%+7.1pp | 15.8% |
| Return on Equity | 35.6%-32.9pp | 68.6%+51.2pp | 17.4% |
| Return on Assets | 9.0%-8.0pp | 16.9%+12.8pp | 4.2% |
| Current Ratio | 0.58+0.1x | 0.440.0x | 0.49 |
| Debt-to-Equity | N/A | 0.35+0.1x | 0.21 |
| Liabilities-to-Equity | 2.97-0.1x | 3.04-0.1x | 3.19 |
| Asset Turnover | 0.97+0.2x | 0.74+0.5x | 0.26 |
| FCF Margin | 9.7%+7.4pp | 2.3% | -203.0% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
Note: The current ratio is below 1.0 (0.58), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| TOYO Co Ltd WTS TOYWF | FY2025 | $427.4M | $39.7M | 9.3% | N/A | — |
| NOVONIX Ltd NVNXF | FY2025 | $5.6M | -$92.7M | N/A | $62.4M | — |
| Sentinel Holdings Ltd SNTL | FY2025 | $1.9M | $1.7M | 86.1% | $18.3M | — |
| Sentient Brands Holdings Inc SNBH | FY2025 | $701K | -$1.2M | N/A | $1.4M | — |
Where TOYO Co Ltd WTS Ranks
Frequently Asked Questions
TOYO Co Ltd WTS (TOYWF) reported $427.4M in total revenue for fiscal year 2025. This represents a 141.5% 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.
TOYO Co Ltd WTS (TOYWF) revenue grew by 141.5% year-over-year, from $177.0M to $427.4M in fiscal year 2025.
Yes, TOYO Co Ltd WTS (TOYWF) reported a net income of $39.7M in fiscal year 2025, with a net profit margin of 9.3%.
TOYO Co Ltd WTS (TOYWF) had EBITDA of $95.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
TOYO Co Ltd WTS (TOYWF) had a gross margin of 22.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
TOYO Co Ltd WTS (TOYWF) had an operating margin of 13.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
TOYO Co Ltd WTS (TOYWF) had a net profit margin of 9.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
TOYO Co Ltd WTS (TOYWF) has a return on equity of 35.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
TOYO Co Ltd WTS (TOYWF) generated $41.2M in free cash flow during fiscal year 2025. This represents a 929.5% 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.
TOYO Co Ltd WTS (TOYWF) generated $133.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
TOYO Co Ltd WTS (TOYWF) had $441.4M in total assets as of fiscal year 2025, including both current and long-term assets.
TOYO Co Ltd WTS (TOYWF) invested $91.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
TOYO Co Ltd WTS (TOYWF) had a current ratio of 0.58 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
TOYO Co Ltd WTS (TOYWF) had a liabilities-to-equity ratio of 2.97 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
TOYO Co Ltd WTS (TOYWF) had a return on assets of 9.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
TOYO Co Ltd WTS (TOYWF) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.
TOYO Co Ltd WTS (TOYWF) has an earnings quality ratio of 3.35x, 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.
TOYO Co Ltd WTS (TOYWF) has an interest coverage ratio of 80.02x, 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.