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

Vroom, Inc. is the larger business by last-quarter revenue ($235.9M vs $139.1M, roughly 1.7× TOYO Co., Ltd). TOYO Co., Ltd runs the higher net margin — 2.5% vs -59.8%, a 62.3% gap on every dollar of revenue. On growth, Vroom, Inc. posted the faster year-over-year revenue change (12.9% vs 0.7%). TOYO Co., Ltd produced more free cash flow last quarter ($-7.1M vs $-108.8M).

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.

Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.

TOYO vs VRM — Head-to-Head

Bigger by revenue
VRM
VRM
1.7× larger
VRM
$235.9M
$139.1M
TOYO
Growing faster (revenue YoY)
VRM
VRM
+12.2% gap
VRM
12.9%
0.7%
TOYO
Higher net margin
TOYO
TOYO
62.3% more per $
TOYO
2.5%
-59.8%
VRM
More free cash flow
TOYO
TOYO
$101.7M more FCF
TOYO
$-7.1M
$-108.8M
VRM

Income Statement — Q2 FY2025 vs Q4 FY2023

Metric
TOYO
TOYO
VRM
VRM
Revenue
$139.1M
$235.9M
Net Profit
$3.5M
$-141.1M
Gross Margin
16.6%
12.3%
Operating Margin
7.0%
-11.5%
Net Margin
2.5%
-59.8%
Revenue YoY
0.7%
12.9%
Net Profit YoY
-82.3%
-669.8%
EPS (diluted)
$0.10
$-80.66

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
TOYO
TOYO
VRM
VRM
Q2 25
$139.1M
Q2 24
$138.1M
Q4 23
$235.9M
Q3 23
$235.6M
Q2 23
$225.2M
Q1 23
$196.5M
Q4 22
$208.9M
Q3 22
$340.8M
Net Profit
TOYO
TOYO
VRM
VRM
Q2 25
$3.5M
Q2 24
$19.6M
Q4 23
$-141.1M
Q3 23
$-82.7M
Q2 23
$-66.0M
Q1 23
$-74.7M
Q4 22
$24.8M
Q3 22
$-51.1M
Gross Margin
TOYO
TOYO
VRM
VRM
Q2 25
16.6%
Q2 24
19.3%
Q4 23
12.3%
Q3 23
20.4%
Q2 23
20.4%
Q1 23
19.8%
Q4 22
14.1%
Q3 22
19.8%
Operating Margin
TOYO
TOYO
VRM
VRM
Q2 25
7.0%
Q2 24
16.3%
Q4 23
-11.5%
Q3 23
-18.0%
Q2 23
-23.4%
Q1 23
-34.7%
Q4 22
-37.2%
Q3 22
-22.9%
Net Margin
TOYO
TOYO
VRM
VRM
Q2 25
2.5%
Q2 24
14.2%
Q4 23
-59.8%
Q3 23
-35.1%
Q2 23
-29.3%
Q1 23
-38.0%
Q4 22
11.9%
Q3 22
-15.0%
EPS (diluted)
TOYO
TOYO
VRM
VRM
Q2 25
$0.10
Q2 24
$0.48
Q4 23
$-80.66
Q3 23
$-47.38
Q2 23
$-37.97
Q1 23
$-43.16
Q4 22
Q3 22
$-0.37

Balance Sheet & Financial Strength

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

Metric
TOYO
TOYO
VRM
VRM
Cash + ST InvestmentsLiquidity on hand
$135.6M
Total DebtLower is stronger
$13.7M
$454.2M
Stockholders' EquityBook value
$67.0M
$127.7M
Total Assets
$353.6M
$1.5B
Debt / EquityLower = less leverage
0.20×
3.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TOYO
TOYO
VRM
VRM
Q2 25
Q2 24
Q4 23
$135.6M
Q3 23
$208.6M
Q2 23
$237.9M
Q1 23
$316.7M
Q4 22
$398.9M
Q3 22
$509.7M
Total Debt
TOYO
TOYO
VRM
VRM
Q2 25
$13.7M
Q2 24
$22.4M
Q4 23
$454.2M
Q3 23
$521.4M
Q2 23
$544.9M
Q1 23
$554.7M
Q4 22
$402.2M
Q3 22
$607.8M
Stockholders' Equity
TOYO
TOYO
VRM
VRM
Q2 25
$67.0M
Q2 24
$73.4M
Q4 23
$127.7M
Q3 23
$263.6M
Q2 23
$343.4M
Q1 23
$407.1M
Q4 22
$479.8M
Q3 22
$445.1M
Total Assets
TOYO
TOYO
VRM
VRM
Q2 25
$353.6M
Q2 24
$241.4M
Q4 23
$1.5B
Q3 23
$1.6B
Q2 23
$1.6B
Q1 23
$1.7B
Q4 22
$1.6B
Q3 22
$1.8B
Debt / Equity
TOYO
TOYO
VRM
VRM
Q2 25
0.20×
Q2 24
0.31×
Q4 23
3.56×
Q3 23
1.98×
Q2 23
1.59×
Q1 23
1.36×
Q4 22
0.84×
Q3 22
1.37×

Cash Flow & Capital Efficiency

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

Metric
TOYO
TOYO
VRM
VRM
Operating Cash FlowLast quarter
$40.0M
$-108.1M
Free Cash FlowOCF − Capex
$-7.1M
$-108.8M
FCF MarginFCF / Revenue
-5.1%
-46.1%
Capex IntensityCapex / Revenue
33.9%
0.3%
Cash ConversionOCF / Net Profit
11.55×
TTM Free Cash FlowTrailing 4 quarters
$-536.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TOYO
TOYO
VRM
VRM
Q2 25
$40.0M
Q2 24
$21.8M
Q4 23
$-108.1M
Q3 23
$-193.5M
Q2 23
$-147.1M
Q1 23
$-85.0M
Q4 22
$-86.0M
Q3 22
$114.4M
Free Cash Flow
TOYO
TOYO
VRM
VRM
Q2 25
$-7.1M
Q2 24
$5.2M
Q4 23
$-108.8M
Q3 23
$-194.2M
Q2 23
$-147.5M
Q1 23
$-85.8M
Q4 22
$-90.2M
Q3 22
$110.5M
FCF Margin
TOYO
TOYO
VRM
VRM
Q2 25
-5.1%
Q2 24
3.8%
Q4 23
-46.1%
Q3 23
-82.4%
Q2 23
-65.5%
Q1 23
-43.7%
Q4 22
-43.2%
Q3 22
32.4%
Capex Intensity
TOYO
TOYO
VRM
VRM
Q2 25
33.9%
Q2 24
12.0%
Q4 23
0.3%
Q3 23
0.3%
Q2 23
0.2%
Q1 23
0.4%
Q4 22
2.0%
Q3 22
1.2%
Cash Conversion
TOYO
TOYO
VRM
VRM
Q2 25
11.55×
Q2 24
1.11×
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
-3.47×
Q3 22

Financial Flow Comparison

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

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