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

Thryv Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $139.1M, roughly 1.2× TOYO Co., Ltd). Thryv Holdings, Inc. runs the higher net margin — 2.7% vs 2.5%, a 0.2% gap on every dollar of revenue. On growth, TOYO Co., Ltd posted the faster year-over-year revenue change (0.7% vs -7.5%). Thryv Holdings, Inc. produced more free cash flow last quarter ($-5.5M vs $-7.1M).

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

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.

THRY vs TOYO — Head-to-Head

Bigger by revenue
THRY
THRY
1.2× larger
THRY
$167.7M
$139.1M
TOYO
Growing faster (revenue YoY)
TOYO
TOYO
+8.3% gap
TOYO
0.7%
-7.5%
THRY
Higher net margin
THRY
THRY
0.2% more per $
THRY
2.7%
2.5%
TOYO
More free cash flow
THRY
THRY
$1.6M more FCF
THRY
$-5.5M
$-7.1M
TOYO

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
THRY
THRY
TOYO
TOYO
Revenue
$167.7M
$139.1M
Net Profit
$4.5M
$3.5M
Gross Margin
65.2%
16.6%
Operating Margin
37.3%
7.0%
Net Margin
2.7%
2.5%
Revenue YoY
-7.5%
0.7%
Net Profit YoY
147.2%
-82.3%
EPS (diluted)
$0.10
$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
THRY
THRY
TOYO
TOYO
Q1 26
$167.7M
Q4 25
$191.6M
Q3 25
$201.6M
Q2 25
$210.5M
$139.1M
Q1 25
$181.4M
Q4 24
$186.6M
Q3 24
$179.9M
Q2 24
$224.1M
$138.1M
Net Profit
THRY
THRY
TOYO
TOYO
Q1 26
$4.5M
Q4 25
$-9.7M
Q3 25
$5.7M
Q2 25
$13.9M
$3.5M
Q1 25
$-9.6M
Q4 24
$7.9M
Q3 24
$-96.1M
Q2 24
$5.5M
$19.6M
Gross Margin
THRY
THRY
TOYO
TOYO
Q1 26
65.2%
Q4 25
68.0%
Q3 25
67.7%
Q2 25
69.7%
16.6%
Q1 25
65.8%
Q4 24
65.9%
Q3 24
62.3%
Q2 24
66.3%
19.3%
Operating Margin
THRY
THRY
TOYO
TOYO
Q1 26
37.3%
Q4 25
5.3%
Q3 25
9.9%
Q2 25
14.0%
7.0%
Q1 25
-1.7%
Q4 24
-3.9%
Q3 24
-49.2%
Q2 24
14.0%
16.3%
Net Margin
THRY
THRY
TOYO
TOYO
Q1 26
2.7%
Q4 25
-5.0%
Q3 25
2.8%
Q2 25
6.6%
2.5%
Q1 25
-5.3%
Q4 24
4.2%
Q3 24
-53.4%
Q2 24
2.5%
14.2%
EPS (diluted)
THRY
THRY
TOYO
TOYO
Q1 26
$0.10
Q4 25
$-0.21
Q3 25
$0.13
Q2 25
$0.31
$0.10
Q1 25
$-0.22
Q4 24
$0.28
Q3 24
$-2.65
Q2 24
$0.15
$0.48

Balance Sheet & Financial Strength

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

Metric
THRY
THRY
TOYO
TOYO
Cash + ST InvestmentsLiquidity on hand
$8.0M
Total DebtLower is stronger
$13.7M
Stockholders' EquityBook value
$225.4M
$67.0M
Total Assets
$693.7M
$353.6M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THRY
THRY
TOYO
TOYO
Q1 26
$8.0M
Q4 25
$10.8M
Q3 25
$11.6M
Q2 25
$10.8M
Q1 25
$11.0M
Q4 24
$16.3M
Q3 24
$12.5M
Q2 24
$15.5M
Total Debt
THRY
THRY
TOYO
TOYO
Q1 26
Q4 25
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
$13.7M
Q1 25
$299.0M
Q4 24
$284.3M
Q3 24
$307.8M
Q2 24
$342.1M
$22.4M
Stockholders' Equity
THRY
THRY
TOYO
TOYO
Q1 26
$225.4M
Q4 25
$218.1M
Q3 25
$221.1M
Q2 25
$214.9M
$67.0M
Q1 25
$193.2M
Q4 24
$196.9M
Q3 24
$94.5M
Q2 24
$183.1M
$73.4M
Total Assets
THRY
THRY
TOYO
TOYO
Q1 26
$693.7M
Q4 25
$688.6M
Q3 25
$701.8M
Q2 25
$687.7M
$353.6M
Q1 25
$703.7M
Q4 24
$712.2M
Q3 24
$654.8M
Q2 24
$785.5M
$241.4M
Debt / Equity
THRY
THRY
TOYO
TOYO
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
0.20×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×
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
THRY
THRY
TOYO
TOYO
Operating Cash FlowLast quarter
$40.0M
Free Cash FlowOCF − Capex
$-5.5M
$-7.1M
FCF MarginFCF / Revenue
-3.3%
-5.1%
Capex IntensityCapex / Revenue
33.9%
Cash ConversionOCF / Net Profit
11.55×
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
THRY
THRY
TOYO
TOYO
Q1 26
Q4 25
$22.2M
Q3 25
$22.2M
Q2 25
$29.6M
$40.0M
Q1 25
$-10.5M
Q4 24
$26.1M
Q3 24
$36.0M
Q2 24
$22.2M
$21.8M
Free Cash Flow
THRY
THRY
TOYO
TOYO
Q1 26
$-5.5M
Q4 25
$12.3M
Q3 25
$14.6M
Q2 25
$21.8M
$-7.1M
Q1 25
$-17.6M
Q4 24
$17.3M
Q3 24
$27.5M
Q2 24
$13.3M
$5.2M
FCF Margin
THRY
THRY
TOYO
TOYO
Q1 26
-3.3%
Q4 25
6.4%
Q3 25
7.2%
Q2 25
10.4%
-5.1%
Q1 25
-9.7%
Q4 24
9.3%
Q3 24
15.3%
Q2 24
5.9%
3.8%
Capex Intensity
THRY
THRY
TOYO
TOYO
Q1 26
Q4 25
5.2%
Q3 25
3.8%
Q2 25
3.7%
33.9%
Q1 25
3.9%
Q4 24
4.7%
Q3 24
4.7%
Q2 24
4.0%
12.0%
Cash Conversion
THRY
THRY
TOYO
TOYO
Q1 26
Q4 25
Q3 25
3.93×
Q2 25
2.12×
11.55×
Q1 25
Q4 24
3.32×
Q3 24
Q2 24
4.01×
1.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

TOYO
TOYO

Segment breakdown not available.

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