Honda Motor Co Ltd Sponsored ADR (HMC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 23	—	$0.51	—	—	$4.4T	—
Q3 23	—	$1.02	—	—	$4.4T	—
Q2 23	—	$0.8	—	—	$4.3T	—
Q1 23	—	$0.67	—	—	$3.8T	—
Q4 22	—	$0.63	—	—	$3.9T	—
Q3 22	—	$0.99	—	—	$3.7T	—
Q2 22	$0.74	$0.88	+18.9%	—	$3.4T	—
Q1 22	—	$1.18	—	—	$3.6T	—
Q4 21	—	$1.17	—	—	$3.6T	—
Q3 21	—	$1.58	—	—	$3.8T	—
Q2 21	—	$1.32	—	—	$3.7T	—
Q1 21	—	-$0.43	—	—	$2.1T	—
Q4 20	—	-$0.16	—	—	$3.5T	—
Q3 20	—	$0.61	—	—	$3.7T	—
Q2 20	—	$1.04	—	—	$3.7T	—
Q1 20	—	$0.89	—	—	$4T	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	-$318.2	—	—	$21.8T	—
FY25	—	$536.8	—	—	$21.7T	—
FY24	—	$677.6	—	—	$20.4T	—
FY23	—	$409.9	—	—	$16.9T

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$14T	$15.4T	$15.9T	$14.9T	$13.2T	$14.6T	$16.9T	$20.4T	$21.7T	$21.8T
YoY change	-4.12%	+9.73%	+3.43%	-6.03%	-11.8%	+10.5%	+16.2%	+20.8%	+6.17%	+0.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	14T	15.4T	15.9T	14.9T	13.2T	14.6T	16.9T	20.4T	21.7T	21.8T
Cost of revenue	10.9T	12T	12.6T	11.9T	10.4T	11.6T	13.6T	16T	17T	18.2T
Gross profit	3.1T	3.4T	3.3T	3.1T	2.7T	3T	3.3T	4.4T	4.7T	3.6T
Gross margin	22.4%	21.9%	20.8%	20.6%	20.7%	20.5%	19.7%	21.6%	21.5%	16.5%
Research & development	691.4B	751.9B	806.9B	804.1B	738.9B	787.1B	880.9B	923.6B	1.1T	1.5T
Selling, general & administrative	1.6T	1.8T	1.8T	1.6T	1.3T	1.3T	1.7T	2.1T	2.4T	2.5T
Operating expenses	2.3T	2.5T	2.6T	2.4T	2.1T	2.1T	2.6T	3T	3.5T	4T
Operating income	840.7B	833.6B	726.4B	633.6B	660.2B	871.2B	780.8B	1.4T	1.2T	-414.3B
Operating margin	6.01%	5.43%	4.57%	4.24%	5.01%	5.99%	4.62%	6.76%	5.59%	-1.9%
Non-operating income, net	140.2B	250.3B	210.3B	125.2B	265B	197.5B	79.2B	186.8B	-30.8B	-110.5B
Pretax income	1T	1.1T	979.4B	789.9B	914.1B	1.1T	879.6B	1.6T	1.3T	-403.3B
Income tax	327.6B	-13.7B	303.1B	280B	218.6B	309.5B	162.3B	459.8B	414.6B	-50.3B
Net income	679.4B	1.1T	676.3B	509.9B	695.4B	760.7B	717.3B	1.2T	903B	-353B
Net margin	4.85%	7.35%	4.26%	3.42%	5.28%	5.23%	4.24%	5.79%	4.16%	-1.62%
EBITDA	1.7T	1.8T	1.7T	1.6T	1.6T	1.7T	1.7T	2.4T	2.1T	931.9B
EPS	342.1	590.8	346	260.1	380.8	411.1	409.9	677.6	536.8	-318.2
Diluted EPS	342.1	590.8	346	260.1	380.8	411.1	409.9	677.6	536.8	-318.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	5T	5.4T	5.4T	5.4T	35.2B	35.2B	5.4T	5.3T	5.3T	5.3T	5.8T	6.1T
Cost of revenue	3.9T	4.2T	4.3T	4.2T	27.7B	27.7B	4.2T	4.3T	4.2T	4.3T	5.4T	4.7T
Gross profit	1.1T	1.2T	1.2T	1.2T	7.5B	7.5B	1.1T	1.1T	1.1T	1.1T	372.1B	1.3T
Gross margin	21.9%	21.8%	21.2%	22.1%	21.3%	21.3%	21.2%	20.1%	20.4%	20.3%	6.39%	22.2%
Research & development	206.2B	227.2B	292.2B	215.9B	1.7B	1.7B	353.3B	292.9B	291.3B	321.5B	634.9B	243.3B
Selling, general & administrative	582.2B	567.1B	552.5B	495.8B	4.1B	3.3B	711.2B	533.7B	592.8B	607.3B	743.1B	574B
Operating expenses	788.4B	794.3B	844.8B	711.7B	5.8B	5B	1.1T	826.6B	884.1B	928.8B	1.4T	817.3B
Operating income	302.1B	379.8B	305.6B	484.7B	1.7B	2.5B	73.6B	244.2B	194B	153.4B	-1T	530.8B
Operating margin	6.06%	7.05%	5.63%	8.97%	4.78%	7.18%	1.37%	4.57%	3.67%	2.87%	-17.3%	8.76%
Non-operating income, net	23.9B	543M	119.6B	1.4B	-144.7M	-41.4M	-3.5B	4.2B	6.7B	13.1B	-134.5B	22.6B
Pretax income	364.4B	385.2B	377.9B	559.5B	1.2B	3.1B	92.1B	292.3B	235.1B	244.4B	-1.2T	605B
Income tax	93.4B	114.5B	120B	145.1B	456.1M	955.6M	49.5B	77.4B	101.3B	73.8B	-302.9B	131.2B
Net income	271B	270.8B	257.9B	414.3B	733.6M	2.1B	42.6B	214.9B	133.8B	170.6B	-872.2B	473.8B
Net margin	5.44%	5.02%	4.75%	7.67%	2.09%	6.03%	0.79%	4.02%	2.53%	3.19%	-15%	7.82%
EBITDA	563.3B	627B	596.5B	759.6B	2.4B	4.3B	303.8B	484.9B	550.9B	434.9B	-487.1B	797.9B
EPS	154.5	156.1	—	245.4	—	—	—	140.4	—	—	—	347.5
Diluted EPS	154.5	156.1	—	245.4	—	—	—	140.4	—	—	—	347.5

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	8.5T	9.7T	7.4T	6.1T	8.1T	7.5T	7T	—	42.2B	—	42.2B
Enterprise value	13T	14T	12.1T	10.7T	12.7T	11.7T	10.5T	—	-272.8B	—	58.4B
Shares outstanding	279.7B	278.3B	273.1B	271.9B	268B	266.9B	263.3B	1.6B	1.6B	1.3B	1.3B

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	12.5	8.56	11	12	11.6	9.92	9.72	—	0.05	—	10.1
P/S	0.6	0.63	0.47	0.41	0.61	0.52	0.41	—	0	—	0
P/B	1.12	1.17	0.87	0.74	0.86	0.7	0.61	—	0	—	0.54
EV/EBITDA	7.56	7.59	6.96	6.86	8.16	6.87	6.28	—	-0.13	—	7.16
EV/Sales	0.93	0.91	0.76	0.71	0.97	0.8	0.62	—	-0.01	—	0.41
Earnings yield	8.03%	11.7%	9.11%	8.35%	8.59%	10.1%	10.3%	—	2.1K%	—	9.91%
FCF yield	2.93%	4.3%	2.27%	6.19%	6.44%	16.3%	21.5%	—	-1.3K%	—	4.04%
PEG	—	—	—	—	—	—	—	—	—	—	0.07

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	22.4%	21.9%	20.8%	20.6%	20.7%	20.5%	19.7%	21.6%	21.5%	16.5%	22.2%
Operating margin	6.01%	5.43%	4.57%	4.24%	5.01%	5.99%	4.62%	6.76%	5.59%	-1.9%	8.76%
Net margin	4.85%	7.35%	4.26%	3.42%	5.28%	5.23%	4.24%	5.79%	4.16%	-1.62%	-0.75%
ROE	8.98%	13.7%	7.9%	6.15%	7.42%	7.06%	6.24%	9.09%	7.15%	-2.91%	-0.76%
ROA	3.58%	5.83%	3.31%	2.49%	3.17%	3.17%	2.91%	3.97%	2.93%	-1.05%	-0.15%
ROIC	4.69%	6.65%	3.8%	3.19%	3.59%	4.15%	4.23%	5.56%	6.75%	-3.54%	-1.79%
Return on tangible assets	3.9%	6.32%	3.57%	2.69%	3.43%	3.42%	3.13%	4.26%	3.17%	-1.11%	-0.28%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.21	1.23	1.23	1.26	1.33	1.47	1.44	1.43	1.36	1.28	1.29
Quick ratio	0.96	0.96	0.96	0.99	1.06	1.15	1.11	1.13	1.07	1.03	1.04
Debt / equity	0.9	0.82	0.85	0.89	0.82	0.75	0.66	0.78	0.35	0.4	1.14
Debt / assets	0.36	0.35	0.36	0.36	0.35	0.34	0.31	0.34	0.14	0.15	0.15
Net debt / EBITDA	2.64	2.34	2.67	2.93	2.97	2.44	2.12	2.02	-0.15	-0.48	0.06
Interest coverage	81.7	87	75.1	33	66.9	64.4	25.4	28.5	25	-3.83	-0.02
Effective tax rate	32.5%	0%	30.9%	35.4%	23.9%	28.9%	18.4%	28%	31.5%	0%	0%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	50	55.2	58.2	54.9	49.1	54.5	64.2	12.5K	13.9K	16.4K	17.2K
EPS (basic)	342.1	590.8	346	260.1	380.8	411.1	409.9	677.6	536.8	-318.2	-318.2
EPS (diluted)	342.1	590.8	346	260.1	380.8	411.1	409.9	677.6	536.8	-318.2	-0.7
Book value per share	27.1	29.6	31.4	30.5	35	40.4	43.7	8K	8.1K	9.1K	60.5
FCF per share	0.89	1.49	0.62	1.39	1.95	4.61	5.68	84.8	-356.6	178.4	5.15
Cash per share	8.06	8.87	9.73	10.5	11.4	14.6	15.4	3.2K	3K	4K	4.2K
Capex per share	1.7	1.44	1.46	1.3	1.16	0.9	1.74	204.6	320.2	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	3.4%	2.61%	2.52%	2.36%	2.37%	1.66%	2.71%	1.64%	2.3%	—	—
Capex / operating cash flow	51.6%	33.4%	42.2%	33.1%	24.4%	13.2%	20.9%	41.5%	156.5%	—	—
Payout ratio	23.9%	15.4%	28.7%	38.6%	20.9%	24.8%	29.8%	20.5%	38.5%	-80.6%	55.4%
Dividend yield	1.92%	1.8%	2.62%	3.22%	1.79%	2.5%	3.06%	—	823.3%	—	4.38%

Yield

4.38%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.712

ex-dividend Mar 28, 2025

Payout ratio

55%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Mar 28, 2025	$0.712
Sep 27, 2024	$0.673
Mar 27, 2024	$0.747

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$5T	$5.4T	$5.4T	$5.4T	$35.2B	$35.2B	$5.4T	$5.3T	$5.3T	$5.3T	$5.8T	$6.1T
YoY change	+17.1%	+21.4%	+23.8%	+16.9%	-99.3%	-99.3%	-1.28%	-1.2%	+15K%	+15.1K%	+8.6%	+13.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	2.3T	2.5T	2.7T	2.9T	3.1T	3.9T	4.1T	5.2T	4.7T	5.4T
Receivables	2.6T	2.6T	2.7T	2.5T	2.6T	2.6T	3T	3.8T	3.9T	4.3T
Inventory	1.4T	1.5T	1.6T	1.6T	1.5T	1.9T	2.2T	2.4T	2.5T	2.5T
Total current assets	6.6T	6.9T	7.3T	7.3T	7.6T	8.8T	9.6T	11.9T	11.7T	13.1T
Property, plant & equipment	5.1T	4.9T	5.1T	5.2T	5.4T	5.5T	5.1T	5.5T	6T	6.5T
Goodwill & intangibles	1.6T	1.5T	1.5T	1.5T	1.6T	1.7T	1.7T	2T	2.3T	1.6T
Total assets	19T	19.3T	20.4T	20.5T	21.9T	24T	24.7T	29.8T	30.8T	33.5T
Accounts payable	1.2T	1.2T	1.2T	958.5B	1.1T	1.2T	1.4T	1.6T	1.7T	1.8T
Short-term debt	2.8T	2.9T	3.1T	3.2T	3T	3.1T	3.2T	4T	4.4T	4.9T
Total current liabilities	5.4T	5.6T	6T	5.8T	5.7T	6T	6.7T	8.3T	8.6T	10.2T
Long-term debt	4T	3.9T	4.1T	4.2T	4.7T	5T	4.4T	6.1T	—	—
Total liabilities	11.4T	11.1T	11.9T	12.2T	12.5T	13.2T	13.2T	16.8T	18.1T	21.4T
Shareholders' equity	7.6T	8.2T	8.6T	8.3T	9.4T	10.8T	11.5T	13T	12.6T	12.1T
Total debt	6.8T	6.8T	7.3T	7.4T	7.7T	8.1T	7.6T	10.1T	4.4T	4.9T
Net debt	4.7T	4.5T	4.8T	4.7T	4.9T	4.4T	3.8T	5.1T	-106.6B	-151.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	4.6T	4.5T	5.2T	5.2T	32.4B	33.3B	4.7T	4.2T	4.8T	5T	5.4T	5.5T
Receivables	3.3T	3.4T	3.8T	3.9T	23B	24.7B	3.9T	3.7T	3.8T	4.1T	4.3T	4.3T
Inventory	2.4T	2.3T	2.4T	2.7T	16.1B	16B	2.5T	2.4T	2.4T	2.4T	2.5T	2.6T
Total current assets	10.7T	10.8T	11.9T	12.3T	75.1B	77.7B	11.7T	10.8T	12T	12.4T	13.1T	13.3T
Property, plant & equipment	8.3T	7.9T	5.5T	8.8T	53.9B	57.1B	6T	9T	9.1T	9.6T	6.5T	10.3T
Goodwill & intangibles	922.1B	934.3B	2T	1T	6.6B	6.8B	2.3T	1.1T	1T	1T	1.6T	782.6B
Total assets	27.7T	27.4T	29.8T	31.3T	190.9B	199.8B	30.8T	29.9T	31.5T	32.8T	33.5T	34.4T
Accounts payable	1.4T	1.4T	1.6T	1.5T	9.2B	9.1B	1.7T	1.4T	1.5T	1.6T	1.8T	1.6T
Short-term debt	3.8T	3.8T	4T	4.9T	—	—	4.4T	—	—	—	4.9T	—
Total current liabilities	7.4T	7.4T	8.3T	9T	52.5B	56.2B	8.6T	8.3T	8.5T	9.1T	10.2T	10.3T
Long-term debt	5.3T	5.4T	6.1T	6.2T	—	—	—	—	—	—	—	—
Total liabilities	15T	15.1T	16.8T	17.6T	108.2B	114.7B	18.1T	17.8T	19.3T	20.1T	21.4T	21.8T
Shareholders' equity	12.7T	12.3T	13T	13.7T	82.6B	85.2B	12.6T	12.1T	12.2T	12.8T	12.1T	12.6T
Total debt	9T	9.2T	10.1T	11.1T	—	—	4.4T	—	—	—	4.9T	—
Net debt	4.6T	4.8T	5.1T	6.1T	—	—	-106.6B	—	—	—	-151.4B	—

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	1T	1.1T	979.4B	789.9B	914.1B	1.1T	879.6B	1.6T	1.3T	-403.3B
Depreciation & amortization	674.3B	713.1B	721.7B	699.9B	624.2B	611.1B	721.6B	794.4B	742.9B	1.3T
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-585.8B	-525.4B	-544.9B	-255.9B	-151.4B	371.4B	813.7B	-1.3T	-1.4T	-53.4B
Operating cash flow	920.6B	1.2T	947.2B	1.1T	1.3T	1.8T	2.2T	805.8B	318.6B	1.1T
Capital expenditure	-475.4B	-400.5B	-400B	-352.6B	-311.6B	-241B	-458.8B	-334.3B	-498.5B	—
Investing cash flow	-507.3B	-458.2B	-390.5B	-388.4B	-564.2B	-195B	-520.6B	-607.3B	-605.3B	13.4B
Dividends paid	-162.2B	-174.2B	-194.3B	-196.8B	-145.1B	-188.4B	-213.5B	-241.9B	-347.8B	-284.4B
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-8T	-8.1T	-8.1T	-9T	-9.6T	-8.5T	-10T	-8.9T	-7.6T	-7.6T
Net change in cash	-7.6T	-7.4T	-7.6T	-8.4T	-8.9T	-6.9T	-8.3T	-8.7T	-7.9T	-6.4T
Free cash flow	247.6B	415.2B	168.2B	378.2B	521.2B	1.2T	1.5T	138.6B	-555.3B	237.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	364.4B	385.2B	377.9B	559.5B	1.2B	3.1B	92.1B	292.3B	235.1B	244.4B	-1.2T	605B
Depreciation & amortization	188.1B	229.6B	191B	187.9B	1.2B	1.2B	194.9B	178.6B	300.4B	176.7B	647.6B	173.4B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-220.6B	-504B	-177.9B	-634.8B	-1.1B	-2.9B	-162B	-426.1B	-87.6B	-86.5B	546.8B	-305.8B
Operating cash flow	192.9B	64.7B	307.2B	33.7B	1B	427.8M	59.5B	85.7B	280.2B	311.9B	457.5B	292.5B
Capital expenditure	-69.3B	-86.9B	-110.2B	-138.8B	-529.6M	-668.1M	-173.7B	—	—	—	—	—
Investing cash flow	-107.2B	-186.2B	-229.5B	-124B	-1.6B	-186.1M	-199.6B	-12.3B	8B	30B	-12.2B	230.5B
Dividends paid	0	-141.9B	0	-188.4B	0	-1B	0	-148B	0	-136.4B	0	-136.4B
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-2.6T	-1.8T	-1.6T	-2.1T	-10.3B	-11.8B	-2.1T	-2.3T	-1.4T	-2T	-1.8T	-1.4T
Net change in cash	-2.5T	-1.9T	-1.6T	-2.2T	-10.9B	-11.6B	-2.3T	-2.3T	-1.1T	-1.6T	-1.4T	-867.9B
Free cash flow	56.3B	-112.1B	109.6B	-288.7B	-47.3M	-694.5M	-150.3B	-114.7B	116B	97.7B	138.8B	-345.2B

Date	Ratio
Jan 10, 2002	4:1
Apr 3, 1989	5:1

Honda Motor Co Ltd Sponsored ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history