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
DateValue
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%