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TOYO Co., Ltd

TOYO Clue Score75
Cayman Islands Fiscal year ends December CIK 0001985273
$4.37 +0.23% Close, 9 Oct 2026
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Price $4.37 −38.36% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 1 Jul 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2023Revenue62.4Operating income12.0Net income9.9EPS, diluted0.24Fiscal year 2024Revenue177.0 +183.7%Operating income8.9Net income40.6 +310.7%EPS, diluted1.09 +354.2%Fiscal year 2025Revenue427.4 +141.5%Operating income59.0Net income39.7 −2.3%EPS, diluted1.13 +3.7%
FY2023FY2024FY2025
Revenue 62.4 177.0 427.4
Growth +183.7% +141.5%
Operating income 12.0 8.9 59.0
Net income 9.9 40.6 39.7
Growth +310.7% −2.3%
EPS, diluted 0.24 1.09 1.13
Growth +354.2% +3.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2023Gross margin26.7%Operating margin19.2%Net margin15.9%Free cash flow margin−203.0%Fiscal year 2024Gross margin12.4%Operating margin5.0%Net margin23.0%Free cash flow margin2.3%Fiscal year 2025Gross margin22.5%Operating margin13.8%Net margin9.3%Free cash flow margin9.6%
FY2023FY2024FY2025
Gross margin 26.7% 12.4% 22.5%
Operating margin 19.2% 5.0% 13.8%
Net margin 15.9% 23.0% 9.3%
Free cash flow margin −203.0% 2.3% 9.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2023Operating cash flow−12.5Capital expenditure−114.1Free cash flow−126.6Fiscal year 2024Operating cash flow46.5Capital expenditure−42.5Free cash flow4.0Fiscal year 2025Operating cash flow133.0Capital expenditure−91.8Free cash flow41.2 +929.5%
FY2023FY2024FY2025
Operating cash flow −12.5 46.5 133.0
Capital expenditure −114.1 −42.5 −91.8
Free cash flow −126.6 4.0 41.2
Growth +929.5%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2023Cash18.0Total debt11.8Net cash (debt)6.2Shareholders’ equity56.9Debt to equity0.21Fiscal year 2024Cash13.7Total debt21.0Net cash (debt)−7.3Shareholders’ equity59.2Debt to equity0.35Fiscal year 2025Cash58.9Total debt5.5Net cash (debt)53.4Shareholders’ equity111.3Debt to equity0.05
FY2023FY2024FY2025
Cash 18.0 13.7 58.9
Total debt 11.8 21.0 5.5
Net cash (debt) 6.2 −7.3 53.4
Shareholders’ equity 56.9 59.2 111.3
Debt to equity 0.21 0.35 0.05

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
18.0 13.7 58.9
n/a 6.9 11.3
40.0 20.0 80.0
142.8 129.0 220.6
238.3 239.8 441.4
Growth +0.6% +84.1%
Liabilities
n/a n/a 5.5
11.8 21.0 n/a
calc 11.8 21.0 5.5
181.4 180.4 330.2
Equity
9.7 50.3 90.0
56.9 59.2 111.3
Growth +4.1% +87.8%
Per share and net cash
calc 6.2 −7.3 53.4
41.0 46.6 37.8
calc 1.39 1.27 2.95

Lines marked calc are worked out here from filed figures; point at one for how.