Toyo (TOYO) Tax Rate (2022 - 2026)
Toyo (TOYO) posted quarterly Tax Rate of 16.3% for Q1 2026, down 5860.0% year-over-year from 0.28% in Q1 2025, and up 37.45% quarter-over-quarter from 26.07% in Q2 2025.
Toyo (TOYO) Tax Rate (2022 - 2026) Analysis & Trends
Toyo's Tax Rate history runs 3 years deep, the most recent figure standing at 16.3% for Q1 2026.
- In Q1 2026, Tax Rate fell 5860.0% year-over-year to 16.3%; the TTM figure through Mar 2026 stood at 22.42% (changed N/A YoY), while the FY2025 annual figure was 29.26%, down 2737.0% from the prior year.
- Tax Rate for Q1 2026 stood at 16.3%, up from 26.07% in the prior quarter.
- The five-year high for Tax Rate was 42.29% in Q1 2025, with the low at 26.07% in Q2 2025.
- The 3-year median for Tax Rate is 1.85% (2022), against an average of 4.98%.
- Peak annual rise in Tax Rate reached 5860 bps in 2026, while the deepest fall reached 5860 bps in 2026.
- Toyo's Tax Rate stood at 20.0% in 2022, then tumbled by 230 bps to 26.07% in 2025, then soared by 37 bps to 16.3% in 2026.
- Business Quant data shows TOYO's Tax Rate at 16.3% in Q1 2026, 26.07% in Q2 2025, and 42.29% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 8.01% |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 16.88% |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 41.71% |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 1.87% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -8.19% |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 21.67% |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | -3.52% |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | -31.47% |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 23.33% |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | -16.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -16.30% |
| Mar 31, 2026 | -16.30% |
| Mar 31, 2026 | -16.30% |
| Jun 30, 2025 | -26.07% |
| Jun 30, 2025 | -26.07% |
| Jun 30, 2025 | -26.07% |
| Mar 31, 2025 | 42.29% |
| Mar 31, 2025 | 42.29% |
| Mar 31, 2025 | 42.29% |
| Dec 31, 2022 | 20.00% |
| Dec 31, 2022 | 20.00% |
| Dec 31, 2022 | 20.00% |