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Income Statement
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Toyo (TOYO) Payables (2023 - 2026)

Toyo's quarterly Payables came in at $29.9 million in Q1 2026, up 54.11% year-on-year from $19.4 million in Q1 2025, and down 35.1% quarter-over-quarter from $46.1 million in Q4 2025.

Toyo has reported Payables for 4 years, with the latest figure at $29.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Payables rose 54.11% year-over-year to $29.9 million; the trailing twelve-month figure through Mar 2026 stood at $29.9 million (up 54.11% YoY), and the FY2025 full-year result was $46.1 million, up 36.46% from the prior year.
  • Payables for Q1 2026 stood at $29.9 million, down from $46.1 million in the prior quarter.
  • The five-year high for Payables was $46.1 million in Q4 2025, with the low at $5.6 million in Q4 2023.
  • Average Payables over 4 years is $26.9 million, with a median of $29.9 million recorded in 2026.
  • Year-over-year, Payables jumped 502.07% in 2024 and jumped 36.46% in 2025.
  • Tracing TOYO's Payables over 4 years: stood at $5.6 million in 2023, then jumped by 502.07% to $33.8 million in 2024, then soared by 36.46% to $46.1 million in 2025, then slumped by 35.1% to $29.9 million in 2026.
  • The last three Payables figures came in at $29.9 million (Q1 2026), $46.1 million (Q4 2025), and $19.4 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 306.83 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 533.49 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 3.17 Bn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 113.46 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 404.51 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 343.23 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 80.43 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 142.17 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 3.45 Bn
10 Toyo 14,082.60 -59.56 Mn 47.76 Mn 29.90 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 29.90 Mn
Dec 31, 2025 46.06 Mn
Dec 31, 2024 33.76 Mn
Dec 31, 2023 5.61 Mn