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Side-by-side financial comparison of TOYO Co., Ltd (TOYO) and VERRA MOBILITY Corp (VRRM). Click either name above to swap in a different company.

VERRA MOBILITY Corp is the larger business by last-quarter revenue ($257.9M vs $139.1M, roughly 1.9× TOYO Co., Ltd). VERRA MOBILITY Corp runs the higher net margin — 7.3% vs 2.5%, a 4.8% gap on every dollar of revenue. On growth, VERRA MOBILITY Corp posted the faster year-over-year revenue change (16.4% vs 0.7%). VERRA MOBILITY Corp produced more free cash flow last quarter ($5.7M vs $-7.1M).

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.

Verra Mobility Corp is a leading global smart mobility technology solution provider. It delivers toll management, parking and traffic compliance enforcement, connected vehicle services, and fleet management tools, serving government transport agencies, rental car operators, commercial fleet owners, and automotive partners across North America, Europe, and Asia-Pacific.

TOYO vs VRRM — Head-to-Head

Bigger by revenue
VRRM
VRRM
1.9× larger
VRRM
$257.9M
$139.1M
TOYO
Growing faster (revenue YoY)
VRRM
VRRM
+15.7% gap
VRRM
16.4%
0.7%
TOYO
Higher net margin
VRRM
VRRM
4.8% more per $
VRRM
7.3%
2.5%
TOYO
More free cash flow
VRRM
VRRM
$12.8M more FCF
VRRM
$5.7M
$-7.1M
TOYO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
TOYO
TOYO
VRRM
VRRM
Revenue
$139.1M
$257.9M
Net Profit
$3.5M
$18.9M
Gross Margin
16.6%
Operating Margin
7.0%
16.7%
Net Margin
2.5%
7.3%
Revenue YoY
0.7%
16.4%
Net Profit YoY
-82.3%
128.3%
EPS (diluted)
$0.10
$0.12

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
VRRM
VRRM
Q4 25
$257.9M
Q3 25
$261.9M
Q2 25
$139.1M
$236.0M
Q1 25
$223.3M
Q4 24
$221.5M
Q3 24
$225.6M
Q2 24
$138.1M
$222.4M
Q1 24
$209.7M
Net Profit
TOYO
TOYO
VRRM
VRRM
Q4 25
$18.9M
Q3 25
$46.8M
Q2 25
$3.5M
$38.6M
Q1 25
$32.3M
Q4 24
$-66.7M
Q3 24
$34.7M
Q2 24
$19.6M
$34.2M
Q1 24
$29.1M
Gross Margin
TOYO
TOYO
VRRM
VRRM
Q4 25
Q3 25
Q2 25
16.6%
Q1 25
Q4 24
Q3 24
Q2 24
19.3%
Q1 24
Operating Margin
TOYO
TOYO
VRRM
VRRM
Q4 25
16.7%
Q3 25
28.6%
Q2 25
7.0%
26.8%
Q1 25
25.7%
Q4 24
-19.6%
Q3 24
28.3%
Q2 24
16.3%
27.5%
Q1 24
25.9%
Net Margin
TOYO
TOYO
VRRM
VRRM
Q4 25
7.3%
Q3 25
17.9%
Q2 25
2.5%
16.3%
Q1 25
14.5%
Q4 24
-30.1%
Q3 24
15.4%
Q2 24
14.2%
15.4%
Q1 24
13.9%
EPS (diluted)
TOYO
TOYO
VRRM
VRRM
Q4 25
$0.12
Q3 25
$0.29
Q2 25
$0.10
$0.24
Q1 25
$0.20
Q4 24
$-0.39
Q3 24
$0.21
Q2 24
$0.48
$0.20
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
TOYO
TOYO
VRRM
VRRM
Cash + ST InvestmentsLiquidity on hand
$65.3M
Total DebtLower is stronger
$13.7M
$1.0B
Stockholders' EquityBook value
$67.0M
$293.0M
Total Assets
$353.6M
$1.6B
Debt / EquityLower = less leverage
0.20×
3.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TOYO
TOYO
VRRM
VRRM
Q4 25
$65.3M
Q3 25
$196.1M
Q2 25
$147.7M
Q1 25
$108.5M
Q4 24
$77.6M
Q3 24
$206.1M
Q2 24
$122.0M
Q1 24
$149.5M
Total Debt
TOYO
TOYO
VRRM
VRRM
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$13.7M
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$22.4M
$1.0B
Q1 24
$1.0B
Stockholders' Equity
TOYO
TOYO
VRRM
VRRM
Q4 25
$293.0M
Q3 25
$403.1M
Q2 25
$67.0M
$352.1M
Q1 25
$299.6M
Q4 24
$265.1M
Q3 24
$486.5M
Q2 24
$73.4M
$438.6M
Q1 24
$449.0M
Total Assets
TOYO
TOYO
VRRM
VRRM
Q4 25
$1.6B
Q3 25
$1.8B
Q2 25
$353.6M
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.9B
Q2 24
$241.4M
$1.8B
Q1 24
$1.8B
Debt / Equity
TOYO
TOYO
VRRM
VRRM
Q4 25
3.51×
Q3 25
2.55×
Q2 25
0.20×
2.93×
Q1 25
3.45×
Q4 24
3.90×
Q3 24
2.13×
Q2 24
0.31×
2.36×
Q1 24
2.31×

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
VRRM
VRRM
Operating Cash FlowLast quarter
$40.0M
$40.0M
Free Cash FlowOCF − Capex
$-7.1M
$5.7M
FCF MarginFCF / Revenue
-5.1%
2.2%
Capex IntensityCapex / Revenue
33.9%
13.3%
Cash ConversionOCF / Net Profit
11.55×
2.12×
TTM Free Cash FlowTrailing 4 quarters
$136.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TOYO
TOYO
VRRM
VRRM
Q4 25
$40.0M
Q3 25
$77.7M
Q2 25
$40.0M
$75.1M
Q1 25
$63.0M
Q4 24
$40.5M
Q3 24
$108.8M
Q2 24
$21.8M
$40.0M
Q1 24
$34.3M
Free Cash Flow
TOYO
TOYO
VRRM
VRRM
Q4 25
$5.7M
Q3 25
$49.0M
Q2 25
$-7.1M
$40.3M
Q1 25
$41.7M
Q4 24
$21.6M
Q3 24
$85.1M
Q2 24
$5.2M
$26.0M
Q1 24
$20.1M
FCF Margin
TOYO
TOYO
VRRM
VRRM
Q4 25
2.2%
Q3 25
18.7%
Q2 25
-5.1%
17.1%
Q1 25
18.7%
Q4 24
9.8%
Q3 24
37.7%
Q2 24
3.8%
11.7%
Q1 24
9.6%
Capex Intensity
TOYO
TOYO
VRRM
VRRM
Q4 25
13.3%
Q3 25
11.0%
Q2 25
33.9%
14.8%
Q1 25
9.5%
Q4 24
8.5%
Q3 24
10.5%
Q2 24
12.0%
6.3%
Q1 24
6.8%
Cash Conversion
TOYO
TOYO
VRRM
VRRM
Q4 25
2.12×
Q3 25
1.66×
Q2 25
11.55×
1.95×
Q1 25
1.95×
Q4 24
Q3 24
3.13×
Q2 24
1.11×
1.17×
Q1 24
1.18×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TOYO
TOYO

Segment breakdown not available.

VRRM
VRRM

Services$239.5M93%
CA$8.4M3%
GB$5.7M2%
Other Customer$1.6M1%
Parking Solutions$1.1M0%

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