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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and TOYO Co., Ltd (TOYO). Click either name above to swap in a different company.

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $139.1M, roughly 1.8× TOYO Co., Ltd). TOYO Co., Ltd runs the higher net margin — 2.5% vs -125.2%, a 127.7% gap on every dollar of revenue. TOYO Co., Ltd produced more free cash flow last quarter ($-7.1M vs $-256.6M).

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

Toyo Tire Corporation , commonly known as Toyo Tires, is a multinational tire and rubber products company based in Itami, Japan. The company owns and operates eight factories in Asia, North America, and Europe and distributes tires and automotive components through fourteen sales companies throughout the world.

PCLA vs TOYO — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.8× larger
PCLA
$252.6M
$139.1M
TOYO
Higher net margin
TOYO
TOYO
127.7% more per $
TOYO
2.5%
-125.2%
PCLA
More free cash flow
TOYO
TOYO
$249.5M more FCF
TOYO
$-7.1M
$-256.6M
PCLA

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
PCLA
PCLA
TOYO
TOYO
Revenue
$252.6M
$139.1M
Net Profit
$-316.2M
$3.5M
Gross Margin
16.6%
Operating Margin
-114.8%
7.0%
Net Margin
-125.2%
2.5%
Revenue YoY
0.7%
Net Profit YoY
-82.3%
EPS (diluted)
$0.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PCLA
PCLA
TOYO
TOYO
Q2 25
$139.1M
Q1 25
$252.6M
Q2 24
$138.1M
Net Profit
PCLA
PCLA
TOYO
TOYO
Q2 25
$3.5M
Q1 25
$-316.2M
Q2 24
$19.6M
Gross Margin
PCLA
PCLA
TOYO
TOYO
Q2 25
16.6%
Q1 25
Q2 24
19.3%
Operating Margin
PCLA
PCLA
TOYO
TOYO
Q2 25
7.0%
Q1 25
-114.8%
Q2 24
16.3%
Net Margin
PCLA
PCLA
TOYO
TOYO
Q2 25
2.5%
Q1 25
-125.2%
Q2 24
14.2%
EPS (diluted)
PCLA
PCLA
TOYO
TOYO
Q2 25
$0.10
Q1 25
Q2 24
$0.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PCLA
PCLA
TOYO
TOYO
Cash + ST InvestmentsLiquidity on hand
$456.8M
Total DebtLower is stronger
$13.7M
Stockholders' EquityBook value
$354.8M
$67.0M
Total Assets
$1.2B
$353.6M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
TOYO
TOYO
Q2 25
Q1 25
$456.8M
Q2 24
Total Debt
PCLA
PCLA
TOYO
TOYO
Q2 25
$13.7M
Q1 25
Q2 24
$22.4M
Stockholders' Equity
PCLA
PCLA
TOYO
TOYO
Q2 25
$67.0M
Q1 25
$354.8M
Q2 24
$73.4M
Total Assets
PCLA
PCLA
TOYO
TOYO
Q2 25
$353.6M
Q1 25
$1.2B
Q2 24
$241.4M
Debt / Equity
PCLA
PCLA
TOYO
TOYO
Q2 25
0.20×
Q1 25
Q2 24
0.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PCLA
PCLA
TOYO
TOYO
Operating Cash FlowLast quarter
$-245.6M
$40.0M
Free Cash FlowOCF − Capex
$-256.6M
$-7.1M
FCF MarginFCF / Revenue
-101.6%
-5.1%
Capex IntensityCapex / Revenue
4.3%
33.9%
Cash ConversionOCF / Net Profit
11.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
TOYO
TOYO
Q2 25
$40.0M
Q1 25
$-245.6M
Q2 24
$21.8M
Free Cash Flow
PCLA
PCLA
TOYO
TOYO
Q2 25
$-7.1M
Q1 25
$-256.6M
Q2 24
$5.2M
FCF Margin
PCLA
PCLA
TOYO
TOYO
Q2 25
-5.1%
Q1 25
-101.6%
Q2 24
3.8%
Capex Intensity
PCLA
PCLA
TOYO
TOYO
Q2 25
33.9%
Q1 25
4.3%
Q2 24
12.0%
Cash Conversion
PCLA
PCLA
TOYO
TOYO
Q2 25
11.55×
Q1 25
Q2 24
1.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

TOYO
TOYO

Segment breakdown not available.

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