F vs TM: Ford Motor and Toyota Motor Corporation ADR compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Toyota Motor Corporation ADR is the larger company, worth $239.7B, about 5.1 times Ford Motor.
- Toyota Motor Corporation ADR grew revenue faster over the last year (+6.5% vs +6.4%).
- Toyota Motor Corporation ADR keeps more of each dollar of revenue as operating profit (10.0% vs -3.8%).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | F | TM |
|---|---|---|
| Market cap | $46.7B | $239.7B |
| Share price | $12.17 | $185.30 |
| Revenue (last fiscal year) | $187.3B | $48.04T |
| Free cash flow (last fiscal year) | $12.5B | $3.34T |
| Revenue growth, last year | +6.4% | +6.5% |
| Revenue growth per year, last 5 fiscal years | +8.3% | +15.3% |
| Operating margin | -3.8% | 10.0% |
| Net margin | -3.2% | 9.9% |
| Return on equity | -16.3% | 20.4% |
| P/E (trailing) | — | 9.90x |
| Price / free cash flow | 3.74x | 0.41x |
| EV / EBITDA | 25.7x | 8.53x |
| FCF growth the price implies | -18.5% | — |
| Dividend yield | 5.1% | 3.1% |
| Debt / equity | 6.54x | 1.62x |
| Fundamental grade | D | C |
| Superinvestors holding it | 0 | 1 |
| Insider purchases, last 12 months | 1 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Ford Motor
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $136.3B | $9.6B | 3.3% |
| 2022 | $158.1B | -$13M | 4.0% |
| 2023 | $176.2B | $6.7B | 3.1% |
| 2024 | $185.0B | $6.7B | 2.8% |
| 2025 | $187.3B | $12.5B | -4.9% |
Toyota Motor Corporation ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $27.21T | $2.45T | 8.1% |
| 2022 | $31.38T | $3.38T | 9.5% |
| 2023 | $37.15T | $2.61T | 7.3% |
| 2024 | $45.10T | $3.87T | 11.9% |
| 2025 | $48.04T | $3.34T | 10.0% |
Where the revenue comes from
Ford Motor · by segments, 2025
Ford Blue$101.0B54%
Ford Pro$66.3B35%
Ford Credit$13.3B7%
Ford Model e$6.7B4%
Toyota Motor Corporation ADR · by segments, 2026
Automotive$45.42T87%
Financial services$4.86T9%
All other$1.65T3%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open F in InvestinglyQuestions
Which is bigger, Ford Motor or Toyota Motor Corporation ADR?
Toyota Motor Corporation ADR (TM), at $239.7B against $46.7B.
Which grows faster, F or TM?
Toyota Motor Corporation ADR: revenue grew +6.5% over the last year, against +6.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.