Toyo (TOYO) Tax Rate (2022 - 2026)
Toyo's (TOYO) quarterly Tax Rate came in at 16.3% in Q1 2026, down 5860.0% year-on-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.
- On a quarterly basis, Tax Rate fell 5860.0% year-over-year to 16.3% in Q1 2026; TTM through Mar 2026 was 22.42%, a N/A change from a year earlier, with the FY2025 full-year figure at 29.26%, down 2737.0% from the prior year.
- Tax Rate rose to 16.3% in Q1 2026 per TOYO's latest filing, from 26.07% in the prior quarter.
- Across five years, Tax Rate topped out at 42.29% in Q1 2025 and bottomed at 26.07% in Q2 2025.
- The 3-year median for Tax Rate is 1.85% (2022), against an average of 4.98%.
- Biggest YoY gain for Tax Rate was 5860 bps in 2026; the steepest drop was 5860 bps in 2026.
- Year by year, Tax Rate stood at 20.0% in 2022, then slumped by 230 bps to 26.07% in 2025, then jumped by 37 bps to 16.3% in 2026.
- Per Business Quant, the three latest TOYO Tax Rate figures stand at 16.3% (Q1 2026), 26.07% (Q2 2025), and 42.29% (Q1 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 2.18% |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 5.66% |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 46.76% |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -31.47% |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -2.29% |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -2.43% |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 23.06% |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -3.52% |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 51.59% |
| 10 | Toyo | 182.74 Mn | 106.10 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% |