TOYO CO LTD WTS (TOYWF) Financials
Newest figures come from the 10-K 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 (10-K and 10-Q reports).
Rapid scale-up is converting into cash, but it is also stretching working capital and materially increasing balance-sheet leverage
After generating negative free cash flow of-$127M in FY2023, the company produced$41.2M in FY2025, indicating a meaningful improvement in cash conversion. FY2025 operating cash flow reached$133M while capital expenditure was$91.8M , so positive free cash flow reflected cash generation exceeding reinvestment rather than simply reduced investment.
Gross margin expanded from
Debt-to-equity climbed from 0.4x in FY2024 to 3.0x in FY2025, indicating that expansion came with a sharp shift toward leverage. The 0.6x current ratio, with current liabilities exceeding current assets, adds short-term balance-sheet tightness to that financing change.
Financial Health Signals
TOYO CO LTD WTS does not currently provide enough eligible data for a peer-relative financial health score, so none is published. 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
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
TOYO CO LTD WTS held $58.9M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 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 | Q4'2510-K | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q4'2210-K |
|---|---|---|---|---|---|---|
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | $187K |
| Operating Income | N/A | N/A | N/A | N/A | N/A | -$187K |
| EBITDA | N/A | N/A | N/A | N/A | N/A | -$187K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | -$583 |
| Net Income | N/A | N/A | N/A | N/A | N/A | -$187K |
| EPS (Basic) | N/A | N/A | N/A | N/A | N/A | $0.00 |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | $0.00 |
| Diluted Shares (Avg) | N/A | N/A | N/A | N/A | N/A | 41M |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.
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 | Q4'2510-K | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q4'2210-K |
|---|---|---|---|---|---|---|
| Total Assets | $441.4M+84.1% | $353.6M+46.5% | $239.8M+0.6% | $241.4M | $238.3M | N/A |
| Current Assets | $171.8M+210.3% | $117.9M+22.1% | $55.4M-33.1% | $96.6M | $82.8M | N/A |
| Cash & Equivalents | $58.9M+331.1% | $36.7M-17.4% | $13.7M-24.3% | $44.4M | $18.0M+773.2% | $2.1M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $80.0M+300.2% | $53.5M+96.9% | $20.0M-50.0% | $27.2M | $40.0M | N/A |
| Accounts Receivable | $11.3M+62.8% | $12.2M | $6.9M | N/A | N/A | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $330.2M+83.1% | $283.4M+68.6% | $180.4M-0.6% | $168.0M | $181.4M | N/A |
| Current Liabilities | $295.7M+136.5% | $249.3M+71.4% | $125.0M-26.1% | $145.4M | $169.2M | N/A |
| Non-Current Liabilities | $34.5M-37.7% | $34.1M+50.7% | $55.3M+353.8% | $22.6M | $12.2M | N/A |
| Long-Term Debt | N/A | $13.7M-38.9% | $21.0M+77.7% | $22.4M | $11.8M | N/A |
| Total Equity | $111.3M+87.8% | $67.0M-8.7% | $59.2M+4.1% | $73.4M | $56.9M+625.0% | $7.8M |
| Retained Earnings | $90.0M+78.8% | $53.8M+83.9% | $50.3M+418.6% | $29.3M | $9.7M | N/A |
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.
Not reported in any period shown, so not listed: Stock-Based Compensation, 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Assets, Asset Turnover, 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.
Where TOYO CO LTD WTS Ranks
Frequently Asked Questions
What is TOYO CO LTD WTS's annual revenue?
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.
How fast is TOYO CO LTD WTS's revenue growing?
TOYO CO LTD WTS (TOYWF) revenue grew by 141.5% year-over-year, from $177.0M to $427.4M in fiscal year 2025.
Is TOYO CO LTD WTS profitable?
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%.
What is TOYO CO LTD WTS's EBITDA?
TOYO CO LTD WTS (TOYWF) had EBITDA of $95.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is TOYO CO LTD WTS's gross margin?
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.
What is TOYO CO LTD WTS's operating margin?
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.
What is TOYO CO LTD WTS's net profit margin?
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.
What is TOYO CO LTD WTS's return on equity (ROE)?
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.
What is TOYO CO LTD WTS's free cash flow?
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.
What is TOYO CO LTD WTS's operating cash flow?
TOYO CO LTD WTS (TOYWF) generated $133.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are TOYO CO LTD WTS's total assets?
TOYO CO LTD WTS (TOYWF) had $441.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are TOYO CO LTD WTS's capital expenditures?
TOYO CO LTD WTS (TOYWF) invested $91.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is TOYO CO LTD WTS's current ratio?
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.
What is TOYO CO LTD WTS's debt-to-equity ratio?
TOYO CO LTD WTS (TOYWF) had a debt-to-equity ratio of 2.97 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is TOYO CO LTD WTS's return on assets (ROA)?
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.
What is TOYO CO LTD WTS's Piotroski F-Score?
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.
Are TOYO CO LTD WTS's earnings high quality?
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.
Can TOYO CO LTD WTS cover its interest payments?
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.