TYIDY (Toyota Industries) Operating Income: $895 Mil (TTM As of Mar. 2026)


TYIDY Toyota Industries Corp TYIDY
80 GF Score
Price $127.95
GF Value $97.84
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Toyota Industries Operating Income?

Toyota Industries TYIDY 80 Operating Income is $895 Mil as of Mar. 2026. GuruFocus rates TYIDY with a GF Score™ of 80/100 and a GF Value™ of $97.84 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Toyota Industries's Operating Income for the three months ended in Mar. 2026 was $322 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $895 Mil.

Warning Sign:

Toyota Industries Corp has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Toyota Industries's Operating Income for the three months ended in Mar. 2026 was $322 Mil. Toyota Industries's Revenue for the three months ended in Mar. 2026 was $7,579 Mil. Therefore, Toyota Industries's Operating Margin % for the quarter that ended in Mar. 2026 was 4.24%.

Warning Sign:

Toyota Industries Corp operating margin has been in a 5-year decline. The average rate of decline per year is -8.4%.

Toyota Industries's 5-Year average Growth Rate for Operating Margin % was -8.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Toyota Industries's annualized ROC % for the quarter that ended in Mar. 2026 was 1.45%. Toyota Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.17%.


Toyota Industries  (OTCPK:TYIDY) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Toyota Industries's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1286.644 * ( 1 - 30.95% )/( (62233.948 + 60371.629)/ 2 )
=888.427682/61302.7885
=1.45 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=71969.862 - 6255.351 - ( 3480.563 - max(0, 11729.962 - 21274.316+3480.563))
=62233.948

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=70500.055 - 6811.102 - ( 3317.324 - max(0, 16781.684 - 51785.425+3317.324))
=60371.629

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Toyota Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1415.276/( ( (10804.374 + max(10111.137, 0)) + (10898.075 + max(36135.119, 0)) )/ 2 )
=1415.276/( ( 20915.511 + 47033.194 )/ 2 )
=1415.276/33974.3525
=4.17 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12200.115 + 4415.451 + 1178.187) - (6255.351 + 0 + 1427.265)
=10111.137

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12691.547 + 4183.09 + 31593.464) - (6811.102 + 0 + 5521.88)
=36135.119

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Toyota Industries's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=321.661/7578.797
=4.24 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Toyota Industries Operating Income Related Terms


Toyota Industries Operating Income Historical Data

* Premium members only.

The historical data trend for Toyota Industries's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Toyota Industries Operating Income Chart

Toyota Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,341.47 1,271.13 1,337.64 1,487.31 863.52

Toyota Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 273.34 362.68 -100.60 310.79 321.66
TYIDY
80GF Score
Toyota Industries Corp TYIDY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Toyota Industries Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $895 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $895 Mil mean?
Toyota Industries (TYIDY) has a Operating Income of $895 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Toyota Industries and its competitors.
Is Toyota Industries' Operating Income too high?
Toyota Industries' current Operating Income is $895 Mil. Overall, Toyota Industries has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Industries' Operating Income compare to CNH and PCAR?
Toyota Industries' Operating Income of $895 Mil can be compared against companies in the Farm & Heavy Construction Machinery industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Farm & Heavy Construction Machinery company?
A good Operating Income depends on the Farm & Heavy Construction Machinery industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Toyota Industries and its competitors. Toyota Industries's current Operating Income is $895 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Industries stock overvalued right now?
Based on GuruFocus' analysis, Toyota Industries (TYIDY) is currently considered Significantly Overvalued. The stock's GF Value™ is $97.84, compared to a current price of $127.95 — trading 30.8% above its estimated fair value. The current Operating Income is $895 Mil. Toyota Industries' overall GF Score™ is 80/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Toyota Industries (TYIDY), the current Operating Income is $895 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Toyota Industries (TYIDY) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Industries stock appears to be overvalued. The current stock price of $127.95 is trading 30.8% above its estimated GF Value™ of $97.84. GuruFocus considers Toyota Industries to be Significantly Overvalued.

Key valuation signals for TYIDY:

  • Operating Income: $895 Mil
  • GF Value™: $97.84 vs. price of $127.95 (30.8% above fair value)
  • GF Score™: 80/100 with 9 warning signs

No single metric tells the full story. See the TYIDY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyota Industries Business Description

Other Exchanges TAH0:Germany
Address 2-1 Toyodacho, Aichi Prefecture, Kariya, JPN, 448-8671
Toyota Industries Corp is engaged in the manufacture and sale of automobiles, industrial vehicles, and textile machinery. The group operates through three reportable segments: Automobiles, Industrial Vehicles, and Textile Machinery. The Automobiles segment includes vehicles, engines, castings, car air conditioner compressors, electronic devices, and batteries. The Industrial Vehicles segment covers forklift trucks, warehouse equipment, automated warehouses, and logistics solutions. The Textile Machinery segment manufactures looms, spinning machines, and related equipment. It generates the majority of its revenue from the Industrial vehicles segment.
80GF Score

Get the complete analysis for TYIDY

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$127.95
Price
$97.84
GF Value