NYSE : HMC
Honda Motor Co., Ltd. — Financial statements
Consumer Discretionary · Auto Manufacturers · Japan
Last price 33.96 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 44.15B
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Financial statements
Honda Motor Co., Ltd. (HMC) reported revenue of 22.52T JPY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 18.79T | 18.27T | 18.18T | 17.18T | 13.95T | 11.73T |
| Other Revenue | 3.72T | 3.53T | 3.51T | 3.25T | 2.95T | 2.82T |
| Revenue | 22.52T | 21.80T | 21.69T | 20.43T | 16.91T | 14.55T |
| Cost of Revenue | 18.59T | 18.15T | 17.02T | 16.02T | 13.58T | 11.57T |
| Gross Profit | 3.93T | 3.65T | 4.66T | 4.41T | 3.33T | 2.98T |
| Selling, General & Admin | 2.52T | 2.48T | 2.35T | 2.11T | 1.67T | 1.33T |
| Research & Development | 1.49T | 1.54T | 1.10T | 923.63B | 880.91B | 787.06B |
| Operating Expenses | 4.01T | 4.02T | 3.45T | 3.03T | 2.55T | 2.11T |
| Operating Income | -79.42B | -366.02B | 1.21T | 1.38T | 780.77B | 871.23B |
| Interest Expense | -89.19B | -83.56B | -54.91B | -59.63B | -36.11B | -16.87B |
| Interest & Investment Income | 204.18B | 195.04B | 206.17B | 182.50B | 79.22B | 30.40B |
| Earnings From Equity Investments | -143.65B | -162.08B | 982.00M | 110.82B | 117.44B | 202.51B |
| Currency Exchange Gain (Loss) | -29.16B | -29.16B | -22.01B | 67.41B | 47.70B | 68.03B |
| Other Non Operating Income (Expenses) | 94.97B | 90.80B | -26.08B | -40.69B | -109.46B | -85.12B |
| EBT Excluding Unusual Items | -42.28B | -354.97B | 1.32T | 1.64T | 879.57B | 1.07T |
| Asset Writedown | -48.33B | -48.33B | ||||
| Pretax Income | -90.61B | -403.30B | 1.32T | 1.64T | 879.57B | 1.07T |
| Income Tax Expense | 3.49B | -50.28B | 414.61B | 459.79B | 162.26B | 309.49B |
| Earnings From Continuing Operations | -94.10B | -353.02B | 903.03B | 1.18T | 717.31B | 760.70B |
| Minority Interest in Earnings | -75.60B | -70.92B | -67.20B | -75.42B | -65.89B | -53.63B |
| Net Income | -169.70B | -423.94B | 835.84B | 1.11T | 651.42B | 707.07B |
| Net Income to Common | -169.70B | -423.94B | 835.84B | 1.11T | 651.42B | 707.07B |
| Shares Outstanding (Basic) | 3.92B | 4.00B | 4.67B | 4.90B | 5.09B | 5.16B |
| Shares Outstanding (Diluted) | 3.92B | 4.00B | 4.67B | 4.90B | 5.09B | 5.16B |
| EPS (Basic) | -43.29 | -106.06 | 178.93 | 225.88 | 128.01 | 137.03 |
| EPS (Diluted) | -43.29 | -106.06 | 178.93 | 225.88 | 128.01 | 137.03 |
| Free Cash Flow | 278.51B | 523.20B | -218.65B | 398.60B | 1.65T | 1.41T |
| Free Cash Flow Per Share | 71.05 | 130.89 | -46.81 | 81.32 | 325.01 | 273.55 |
| Dividend Per Share | 70.00 | 70.00 | 68.00 | 68.00 | 40.00 | 40.00 |
| Gross Margin | 17.45% | 16.75% | 21.50% | 21.60% | 19.71% | 20.51% |
| Operating Margin | -0.35% | -1.68% | 5.59% | 6.77% | 4.62% | 5.99% |
| Profit Margin | -0.75% | -1.94% | 3.85% | 5.42% | 3.85% | 4.86% |
| Free Cash Flow Margin | 1.24% | 2.40% | -1.01% | 1.95% | 9.78% | 9.70% |
| EBITDA | 1.28T | 1.00T | 2.55T | 2.18T | 1.50T | 1.48T |
| EBITDA Margin | 5.69% | 4.59% | 11.75% | 10.65% | 8.89% | 10.19% |
| D&A For EBITDA | 1.36T | 1.37T | 1.33T | 794.37B | 721.63B | 611.06B |
| EBIT | -79.42B | -366.02B | 1.21T | 1.38T | 780.77B | 871.23B |
| EBIT Margin | -0.35% | -1.68% | 5.59% | 6.77% | 4.62% | 5.99% |
| Effective Tax Rate | 31.47% | 28.00% | 18.45% | 28.92% |
Balance sheet
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.30T | 5.07T | 4.53T | 4.95T | 3.80T | 3.67T |
| Short-Term Investments | 205.59B | 296.97B | 208.48B | 229.58B | 263.89B | 217.74B |
| Cash & Short-Term Investments | 5.50T | 5.36T | 4.74T | 5.18T | 4.07T | 3.89T |
| Receivables | 1.15T | 1.27T | 1.16T | 1.24T | 1.06T | 896.77B |
| Inventory | 2.55T | 2.53T | 2.47T | 2.44T | 2.17T | 1.92T |
| Finance Div. Loans and Leases | 3.13T | 3.06T | 2.76T | 2.56T | 1.90T | 1.69T |
| Other Current Assets | 929.40B | 852.07B | 563.25B | 446.76B | 384.49B | 439.32B |
| Total Current Assets | 13.25T | 13.07T | 11.69T | 11.87T | 9.58T | 8.84T |
| Property, Plant & Equipment | 3.71T | 3.20T | 3.21T | 3.23T | 3.17T | 3.08T |
| Long-Term Investments | 2.27T | 2.34T | 2.12T | 2.18T | 1.77T | 1.79T |
| Other Intangible Assets | 782.60B | 296.71B | 284.89B | 270.50B | 202.54B | 155.86B |
| Finance Div. Loans and Leases Long-Term | 7.04T | 6.84T | 6.17T | 5.62T | 4.00T | 3.74T |
| Long-Term Deferred Tax Assets | 249.57B | 301.01B | 143.50B | 170.86B | 105.79B | 91.59B |
| Long-Term Deferred Charges | 488.05B | 841.13B | 729.19B | 668.36B | 693.65B | |
| Other Long-Term Assets | 525.31B | 542.69B | 571.59B | 502.07B | 454.35B | 424.65B |
| Total Assets | 34.44T | 33.51T | 30.78T | 29.77T | 24.67T | 23.97T |
| Accounts Payable | 1.64T | 1.78T | 1.66T | 1.61T | 1.43T | 1.24T |
| Accrued Expenses | 969.54B | 996.65B | 728.93B | 638.32B | 419.57B | 375.60B |
| Current Portion of Long-Term Debt | 5.37T | 3.77T | 2.67T | 2.67T | 1.97T | 2.21T |
| Current Portion of Leases | 78.18B | 72.06B | 79.01B | 69.30B | 71.51B | |
| Finance Div. Debt Current | 1.23T | 1.83T | 1.44T | 1.32T | 906.54B | |
| Current Income Taxes Payable | 142.73B | 109.04B | 108.56B | 157.41B | 86.25B | 96.12B |
| Current Unearned Revenue | 412.23B | 411.94B | 401.86B | 292.55B | 261.05B | |
| Other Current Liabilities | 2.16T | 1.82T | 1.13T | 1.33T | 1.07T | 845.59B |
| Total Current Liabilities | 10.28T | 10.20T | 8.62T | 8.32T | 6.65T | 6.00T |
| Long-Term Debt | 8.70T | 8.48T | 6.95T | 6.06T | 4.37T | 4.98T |
| Long-Term Leases | 310.59B | 248.76B | 250.86B | 253.39B | 246.66B | 247.25B |
| Long-Term Unearned Revenue | 364.50B | 329.30B | 306.17B | 240.56B | 193.84B | |
| Pension & Post-Retirement Benefits | 315.87B | 309.88B | 288.47B | 284.84B | 255.85B | 282.05B |
| Long-Term Deferred Tax Liabilities | 708.68B | 677.39B | 718.08B | 855.07B | 877.30B | 990.75B |
| Other Long-Term Liabilities | 1.50T | 1.08T | 992.65B | 687.34B | 521.31B | 498.06B |
| Total Liabilities | 21.81T | 21.36T | 18.15T | 16.77T | 13.17T | 13.20T |
| Common Stock | 86.07B | 86.07B | 86.07B | 86.07B | 86.07B | 86.07B |
| Additional Paid-In Capital | 213.68B | 204.89B | 205.30B | 205.07B | 185.59B | 185.50B |
| Retained Earnings | 9.81T | 9.38T | 11.12T | 10.64T | 9.98T | 9.54T |
| Treasury Stock | -896.31B | -896.93B | -1.27T | -550.81B | -484.93B | -328.31B |
| Comprehensive Income & Other | 3.15T | 3.05T | 2.19T | 2.31T | 1.42T | 990.44B |
| Total Common Equity | 12.36T | 11.82T | 12.33T | 12.70T | 11.18T | 10.47T |
| Minority Interest | 267.11B | 330.56B | 301.29B | 308.88B | 318.04B | 299.72B |
| Shareholders' Equity | 12.63T | 12.15T | 12.63T | 13.01T | 11.50T | 10.77T |
| Total Liabilities & Equity | 34.44T | 33.51T | 30.78T | 29.77T | 24.67T | 23.97T |
| Total Debt | 14.38T | 13.81T | 11.77T | 10.50T | 7.98T | 8.42T |
| Net Cash (Debt) | -8.87T | -8.44T | -7.04T | -5.31T | -3.91T | -4.53T |
| Net Cash Per Share | -2,263.87 | -2,112.19 | -1,506.39 | -1,083.70 | -769.16 | -877.66 |
| Filing Date Shares Outstanding | 3.89B | 3.89B | 4.35B | 4.83B | 4.99B | 5.13B |
| Total Common Shares Outstanding | 3.89B | 3.89B | 4.35B | 4.83B | 4.99B | 5.13B |
| Working Capital | 2.97T | 2.87T | 3.07T | 3.55T | 2.93T | 2.84T |
| Book Value Per Share | 3,175.29 | 3,035.91 | 2,835.96 | 2,629.37 | 2,239.98 | 2,040.77 |
| Tangible Book Value | 11.58T | 11.52T | 12.04T | 12.43T | 10.98T | 10.32T |
| Tangible Book Value Per Share | 2,974.27 | 2,959.68 | 2,770.42 | 2,573.36 | 2,199.41 | 2,010.40 |
| Land | 689.11B | 681.26B | 674.56B | 653.92B | 645.47B | |
| Buildings | 3.12T | 3.01T | 2.95T | 2.76T | 2.70T | |
| Machinery | 7.33T | 7.13T | 7.16T | 6.62T | 6.15T | |
| Construction In Progress | 692.22B | 295.58B | 219.88B | 164.78B | 237.57B |
Cash flow statement
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -169.70B | -423.94B | 835.84B | 1.11T | 651.42B | 707.07B |
| Depreciation & Amortization | 1.44T | 1.44T | 1.41T | 794.37B | 721.63B | 611.06B |
| Other Amortization | 206.38B | 206.38B | 203.13B | |||
| Loss (Gain) From Sale of Assets | 335.90B | 335.90B | 22.08B | -5.22B | ||
| Asset Writedown & Restructuring Costs | 606.82B | 606.82B | 6.92B | |||
| Loss (Gain) on Equity Investments | 143.65B | 162.08B | -982.00M | -110.82B | -117.44B | -202.51B |
| Other Operating Activities | -1.31T | -1.21T | -835.15B | 136.61B | 17.58B | 261.38B |
| Change in Accounts Receivable | -105.72B | -56.26B | 69.20B | -138.32B | -155.92B | -24.04B |
| Change in Inventory | 19.42B | 81.62B | -79.46B | -67.83B | -171.47B | -208.90B |
| Change in Accounts Payable | 140.03B | 29.53B | 112.64B | 36.52B | 105.27B | 50.12B |
| Change in Other Net Operating Assets | 37.05B | -36.61B | -1.45T | -1.01T | 1.08T | 485.43B |
| Operating Cash Flow | 1.34T | 1.14T | 292.15B | 747.28B | 2.13T | 1.68T |
| Capital Expenditures | -1.06T | -612.07B | -510.80B | -348.68B | -475.05B | -268.14B |
| Sale of Property, Plant & Equipment | 37.49B | 31.95B | 12.26B | 14.42B | 16.21B | 27.11B |
| Divestitures | 3.60B | 3.60B | -18.54B | 740.00M | ||
| Sale (Purchase) of Intangibles | -271.30B | -285.48B | -336.63B | -259.99B | -157.44B | -181.08B |
| Investment in Securities | 252.68B | 9.83B | -106.79B | -254.48B | -62.52B | 46.06B |
| Investing Cash Flow | -1.04T | -852.17B | -941.97B | -867.27B | -678.06B | -376.06B |
| Short-Term Debt Issued | 7.54T | 8.99T | 10.02T | 9.13T | 7.49T | |
| Long-Term Debt Issued | 4.59T | 3.81T | 3.65T | 971.07B | 2.00T | |
| Total Debt Issued | 11.83T | 12.13T | 12.80T | 13.68T | 10.10T | 9.49T |
| Short-Term Debt Repaid | -8.23T | -8.65T | -10.05T | -8.68T | -7.96T | |
| Long-Term Debt Repaid | -2.90T | -2.74T | -2.14T | -2.46T | -1.84T | |
| Lease Payments | -80.02B | -80.22B | -78.14B | -80.51B | -78.30B | -80.17B |
| Total Debt Repaid | -10.63T | -11.13T | -11.38T | -12.18T | -11.15T | -9.80T |
| Net Debt Issued (Repaid) | 1.20T | 995.94B | 1.41T | 1.49T | -1.05T | -311.32B |
| Repurchase of Common Stock | -307.06B | -670.27B | -722.04B | -250.01B | -156.62B | -62.18B |
| Common Dividends Paid | -272.86B | -284.39B | -347.81B | -241.87B | -213.47B | -188.40B |
| Other Financing Activities | -77.00B | -78.20B | -63.14B | -83.47B | -51.38B | -53.81B |
| Financing Cash Flow | 538.64B | -36.92B | 280.48B | 918.65B | -1.47T | -615.72B |
| Foreign Exchange Rate Adjustments | 494.71B | 343.50B | -56.43B | 352.89B | 145.48B | 229.06B |
| Net Cash Flow | 1.33T | 589.68B | -425.77B | 1.15T | 128.08B | 916.91B |
| Free Cash Flow | 278.51B | 523.20B | -218.65B | 398.60B | 1.65T | 1.41T |
| Free Cash Flow Margin | 1.24% | 2.40% | -1.01% | 1.95% | 9.78% | 9.70% |
| Free Cash Flow Per Share | 71.05 | 130.89 | -46.81 | 81.32 | 325.01 | 273.55 |
| Levered Free Cash Flow | 267.76B | 189.56B | 1.53T | 796.11B | 886.99B | 45.99B |
| Unlevered Free Cash Flow | 323.50B | 241.79B | 1.56T | 833.38B | 909.56B | 56.53B |
| Free Cash Flow After Leases | 198.49B | 442.97B | -296.79B | 318.08B | 1.58T | 1.33T |
| Cash Interest Paid | 515.11B | 495.27B | 439.08B | 283.45B | 159.02B | 97.88B |
| Cash Income Tax Paid | 411.11B | 413.37B | 523.18B | 540.66B | 401.34B | 203.13B |
| Change in Working Capital | 90.78B | 18.29B | -1.35T | -1.17T | 855.84B | 302.62B |
Ratios
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 44.46B | 30.78B | 39.53B | 60.63B | 44.20B | 49.12B |
| Enterprise Value | 102.50B | 86.29B | 85.89B | 95.52B | 76.33B | 90.89B |
| Last Close Price | 33.96 | 24.31 | 26.15 | 34.67 | 23.97 | 24.89 |
| PE Ratio | 7.08 | 8.28 | 9.02 | 8.44 | ||
| PS Ratio | 0.32 | 0.23 | 0.27 | 0.45 | 0.35 | 0.41 |
| PB Ratio | 0.57 | 0.40 | 0.47 | 0.70 | 0.51 | 0.55 |
| P/TBV Ratio | 0.62 | 0.42 | 0.49 | 0.74 | 0.54 | 0.58 |
| P/FCF Ratio | 25.21 | 9.36 | 23.01 | 3.55 | 4.23 | |
| P/OCF Ratio | 5.23 | 4.31 | 20.26 | 12.27 | 2.76 | 3.55 |
| EV/Sales Ratio | 0.74 | 0.63 | 0.59 | 0.71 | 0.60 | 0.76 |
| EV/EBITDA Ratio | 12.99 | 13.71 | 5.05 | 6.64 | 6.75 | 7.45 |
| EV/EBIT Ratio | 10.60 | 10.45 | 13.00 | 12.67 | ||
| EV/FCF Ratio | 58.13 | 26.22 | 36.25 | 6.13 | 7.82 | |
| Debt / Equity Ratio | 1.14 | 1.14 | 0.93 | 0.81 | 0.69 | 0.78 |
| Debt / EBITDA Ratio | 10.57 | 12.81 | 4.49 | 4.82 | 5.31 | 5.68 |
| Debt / FCF Ratio | 51.62 | 26.39 | 26.33 | 4.83 | 5.97 | |
| Net Debt / Equity Ratio | 0.70 | 0.69 | 0.56 | 0.41 | 0.34 | 0.42 |
| Net Debt / EBITDA Ratio | 6.92 | 8.44 | 2.76 | 2.44 | 2.60 | 3.06 |
| Net Debt / FCF Ratio | 31.86 | 16.14 | -32.18 | 13.33 | 2.37 | 3.21 |
| Asset Turnover | 0.70 | 0.68 | 0.72 | 0.75 | 0.69 | 0.63 |
| Inventory Turnover | 7.57 | 7.25 | 6.93 | 6.95 | 6.65 | 6.68 |
| Quick Ratio | 0.95 | 0.95 | 1.00 | 1.08 | 1.06 | 1.08 |
| Current Ratio | 1.29 | 1.28 | 1.36 | 1.43 | 1.44 | 1.47 |
| Return on Equity (ROE) | -0.76% | -2.85% | 7.05% | 9.65% | 6.44% | 7.55% |
| Return on Assets (ROA) | -0.15% | -0.71% | 2.50% | 3.17% | 2.01% | 2.37% |
| Return on Invested Capital (ROIC) | -0.38% | -1.82% | 4.38% | 5.90% | 4.15% | 4.18% |
| Return on Capital Employed (ROCE) | -0.30% | -1.60% | 5.50% | 6.40% | 4.30% | 4.80% |
| Earnings Yield | -2.42% | -8.66% | 14.12% | 12.07% | 11.09% | 11.85% |
| FCF Yield | 3.97% | 10.69% | -3.69% | 4.35% | 28.15% | 23.66% |
| Dividend Yield | 3.01% | 5.57% | 4.99% | 3.58% | 3.40% | 3.44% |
| Payout Ratio | 41.61% | 21.84% | 32.77% | 26.65% | ||
| Buyback Yield / Dilution | 13.20% | 14.43% | 4.70% | 3.68% | 1.38% | 0.39% |
| Total Shareholder Return | 16.21% | 20.00% | 9.69% | 7.26% | 4.77% | 3.83% |