Company Analysis

TOYO Co., Ltd (TOYO)

Nasdaq: TOYO · Semiconductors & Related Devices · Tokyo · filing with the SEC since 2023
Grade6.0
◀ Past 6.2● Present 6.1▶ Future 5.4
2 est.

The grade of TOYO Co., Ltd

Nine metrics read from its own filings, by tense
Headline grade
6.0/10
◀ Past6.235% of the headline
● Present6.138% of the headline
▶ Future5.428% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.2/1035% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.5/10

Has it survived what it has been through?

1 warning event since 2023; the latest 2025-04-30.

weight 39% of this tense · 35th percentile among 99 sector filers · read for itself

From the record

TOYO Co., Ltd's filings since 2023 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2025-04-30) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
9.3/10

What has it actually done, year after year?

+161.6% a year over 3 filed years; profitable in 3 of 3.

weight 39% of this tense · 93rd percentile among 93 sector filers · read for its customers

From the record

TOYO Co., Ltd's 3 filed years say what it did: revenue went from $62 million in fiscal 2023 to $427 million in fiscal 2025, up 161.6% a year; it rose in 2 of 2 years; it never fell from a peak; net income was positive in 3 of 3 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span161.6%top 3% of its family
  • the share of years revenue rosetop 6% of its family
  • the share of filed years with a profittop 13% of its family
  • the deepest fall from a revenue peak0.0%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.7/10

How has it treated the people who own it?

Share count shrank 14.0% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 57th percentile among 67 sector filers · read for its shareholders

From the record

Over the 2 fiscal years to 2025-12-31, TOYO Co., Ltd's diluted share count shrank about 14.0% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-11-02 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 1% of its family
  • cash returned against operating cash flowbottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.1/1038% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.2/10

Is it financially healthy right now?

ROE 36%: 36¢ of profit per shareholder dollar. Leverage 75%: owes 75¢ per asset dollar.

weight 45% of this tense · 62nd percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, TOYO Co., Ltd earned about 36 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 22 cents per dollar of everything the company owns. Leverage: it owed about 75 cents per dollar of assets, and net share issuance: its share count shrank 1.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 12% of its family
  • return on equitytop 5% of its family
  • gross profit against assetstop 43% of its family
  • the share count against the year beforetop 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.6/10

How strong is its position in its industry?

top 34% of 97 in its family; net margin 9.3%.

weight 33% of this tense · 66th percentile among 97 sector filers · read for its customers

From the record

TOYO Co., Ltd's standing among 97 graded names in its industry family: revenue of $427 million in fiscal 2025 ranks in the bottom 36% by size; a net margin of 9.3% ranks in the top 34%; revenue growth of 161.6% a year over the last 2 filed years ranks in the top 5% (its annual reports).

What it rests on

  • revenue against the family$427Mbottom 36% of its family
  • net margin9.3%top 34% of its family
  • three-year revenue growth161.6%top 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.4/10

What are the people in charge doing?

SI estimate 5.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 78 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 78 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 78 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: TOYO Co., Ltd's leadership is put at 5.4 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 78 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.4/1028% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
4.7/10

How much room does it have to grow?

bottom 47% of 94 in its family for room to expand.

weight 34% of this tense · 47th percentile among 94 sector filers · read for itself

From the record

TOYO Co., Ltd's room to grow, from the newest filed statements (fiscal 2025): cash of $59 million against no long-term debt tagged leaves 13.3% of its assets as net cash, top 46% of its family; cash from operations less capital spending is 9.6% of revenue (top 38%); a gross margin of 22.5% (bottom 24%) (its annual report).

What it rests on

  • cash less debt against assets13.3%top 46% of its family
  • cash from operations less capital spending against revenue9.6%top 38% of its family
  • gross margin22.5%bottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.5/10

What could actually drive growth from here?

top 35% of 93 in its family for growth drivers.

weight 33% of this tense · 65th percentile among 93 sector filers · read for its customers

From the record

TOYO Co., Ltd's growth drivers, from the filed years to fiscal 2025: revenue grew 161.6% a year over the last three filed years against 161.6% over all 3, speeding up (top 28% of its family); the newest year grew 141.7% (top 6%); capital spending grew -10.3% a year (bottom 29%) (its annual reports). TOYO Co., Ltd reported 2 product lines in fiscal 2025: Revenues From Third Parties at $256 million (60%), Revenues From Related Parties at $171 million (40%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 28% of its family
  • the newest year's revenue growth141.7%top 6% of its family
  • three-year growth of capital spending-10.3%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
5.2/10

Did its newest year beat what its own record pointed to?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 34% of this tense · 50th percentile among 88 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 88 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 88 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: TOYO Co., Ltd's expectations vs reality is put at 5.2 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 88 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TOYO · research, not advice