TOYO Co., Ltd cash flow statement TOYO
In fiscal 2025, which ended Dec 31, 2025, TOYO Co., Ltd generated $133.0 million of cash from operations, up 186.0% from the year before. It spent $91.8 million on capital expenditures. That left free cash flow of $41.2 million.
USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.
| Line |
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
|---|---|---|
| Operating | ||
| Depreciation and amortization |
37
+57.3%
|
23
|
| Stock-based compensation |
9
+1378.0%
|
1
|
| Operating cash flow |
133
+186.0%
|
47
|
| Investing | ||
| Capital expenditures |
92
+115.9%
|
43
|
| Investing cash flow |
-98
-123.4%
|
-44
|
| Financing | ||
| Short-term debt repaid |
26
|
—
|
| Financing cash flow |
9
+535.4%
|
-2
|
| Change in cash | ||
| Effect of exchange rate |
-2
+11.1%
|
-2
|
| Net change in cash |
42
+2356.9%
|
-2
|
| Free cash flow |
41
+929.5%
|
4
|
| Per share | ||
| Free cash flow per share |
1.36
+943.7%
|
0.13
|
| Ratios | ||
| Free cash flow margin |
9.65%
|
2.26%
|
| Capital expenditures to revenue |
21.47%
|
24.02%
|
| Stock-based compensation to revenue |
2.11%
|
0.34%
|
| Cash conversion |
3.35x
|
1.15x
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.
Company profile
- Industry
- Semiconductors & Related Devices (SIC 3674)
- Listed as
- TOYO (Nasdaq), TOYWF (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Tokyo
- SEC filer status
- Non-accelerated filer, Emerging growth company
- SEC CIK
- 1985273
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.