HMC vs TM
Honda Motor Co. Ltd. and Toyota Motor Corp., side by side — 7 fiscal years reported in JPY, drawn from SEC filings.
Most recent reported year
| Metric | HMC | TM |
|---|---|---|
| Revenue | JPY 11.8T | JPY 29.9T |
| Net income | JPY 574.1B | JPY 2.1T |
| Gross margin | 26.0% | · |
| Net margin | 5.1% | 7.2% |
| Return on equity | 10.5% | 10.5% |
| Diluted EPS | · | JPY 729.50 |
| Dividend / share | JPY 79.00 | JPY 220.00 |
| Payout ratio | 24.8% | 29.8% |
| Free cash flow | JPY 455.2B | JPY 2.2T |
| Equity | JPY 5.9T | JPY 20.1T |
| Net debt / equity | 0.57× | 0.59× |
| Current ratio | 1.22× | 1.04× |
| Revenue CAGR 5y | 3.4% | 1.9% |
| Profit CAGR 5y | 33.2% | −0.9% |
TM bills 2.5× the revenue of HMC, and keeps more of each dollar of revenue as profit (7.2% against 5.1%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | HMC | TM |
|---|---|---|
| FY2013 | JPY 11.8T | JPY 25.7T |
| FY2012 | JPY 9.9T | JPY 22.1T |
| FY2011 | JPY 7.9T | JPY 18.6T |
| FY2010 | JPY 8.9T | JPY 19.0T |
| FY2009 | JPY 8.6T | JPY 19.0T |
| FY2008 | JPY 10.0T | JPY 20.5T |
| FY2007 | JPY 12.0T | JPY 26.3T |
Bottom line
| Fiscal year | HMC | TM |
|---|---|---|
| FY2013 | JPY 574.1B | JPY 1.8T |
| FY2012 | JPY 367.1B | JPY 962.2B |
| FY2011 | JPY 211.5B | JPY 283.6B |
| FY2010 | JPY 534.1B | JPY 408.2B |
| FY2009 | JPY 268.4B | JPY 209.5B |
| FY2008 | JPY 137.0B | JPY -436.9B |
| FY2007 | JPY 600.0B | JPY 1.7T |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2013 | −JPY 13,849,460,000,000 | TM |
| FY2012 | −JPY 12,186,245,000,000 | TM |
| FY2011 | −JPY 10,635,558,000,000 | TM |
| FY2010 | −JPY 10,056,821,000,000 | TM |
| FY2009 | −JPY 10,371,799,000,000 | TM |
| FY2008 | −JPY 10,518,329,000,000 | TM |
| FY2007 | −JPY 14,286,406,000,000 | TM |
TM has reported the higher revenue in every one of these 7 fiscal years. The gap has narrowed since the earliest year compared.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2013 | −2.6 pp | TM |
| FY2012 | −0.9 pp | TM |
| FY2011 | +0.8 pp | HMC |
| FY2010 | +3.9 pp | HMC |
| FY2009 | +2.0 pp | HMC |
| FY2008 | +3.8 pp | HMC |
| FY2007 | −1.6 pp | TM |
The higher net margin has changed hands between HMC and TM over this period.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TM's net margin has been more volatile than HMC's over the 7 comparable fiscal years — 3.2 percentage points of standard deviation against 1.5.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between HMC and TM over these 7 fiscal years — HMC led in 4 and TM in 3.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TM's return on equity has been more volatile than HMC's over the 7 comparable fiscal years — 6.0 percentage points of standard deviation against 3.4.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between HMC and TM over these 7 fiscal years — HMC led in 4 and TM in 3.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.