MongoDB vs Toyota: Revenue, Profit and Business Model
MongoDB reported $2.5B of revenue in FY2026 and a net loss of $71.2M. Toyota reported ~$339.6B of revenue in FY2026 and ~$25.8B of net income.
Latest financial snapshot
Financial summary
MongoDB
MongoDB grew revenue from $114.8M in fiscal 2017 to $2.464B in fiscal 2026 while narrowing GAAP losses from a peak of $345.4M in fiscal 2023 to $71.2M in fiscal 2026. Profitability improved further in fiscal 2027: Q2 revenue reached $771.8M (up 30%), GAAP operating income was $28.4M, non-GAAP operating margin hit 24%, and free cash flow nearly doubled to $137.6M. The company held $2.4B in cash and investments at July 31, 2026 and raised full-year fiscal 2027 revenue guidance to $2.99B to $3.03B.
Toyota
Toyota's fiscal 2026 showed record revenue alongside sharply lower profit. Sales revenues reached ~$340 billion (¥50.68 trillion) while operating margin narrowed to about 7.4% from 10.0% a year earlier, mostly because of roughly $9.25 billion (¥1.38 trillion) in U.S. tariff costs. North America swung to a much weaker profit, Japan remained the largest profit contributor, and financial services kept growing. For fiscal 2027, Toyota's August 2026 forecast calls for ~$362 billion (¥54.0 trillion) in revenue, ~$22.8 billion (¥3.4 trillion) in operating income and ~$21.8 billion (¥3.25 trillion) in net income, assuming 160 yen per dollar.
Revenue and profit by year
MongoDB
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $2.5B | -$71.2M | -2.9% | +22.8% | Source |
| FY2025 | $2B | -$129.1M | -6.4% | +19.2% | Source |
| FY2024 | $1.7B | -$176.6M | -10.5% | +31.1% | Source |
| FY2023 | $1.3B | -$345.4M | -26.9% | +47.0% | Source |
| FY2022 | $873.8M | -$306.9M | -35.1% | +48.0% | Source |
| FY2021 | $590.4M | -$266.9M | -45.2% | +40.0% | Source |
| FY2020 | $421.7M | -$175.5M | -41.6% | +57.9% | Source |
| FY2019 | $267M | -$99M | -37.1% | +60.8% | Source |
| FY2018 | $166M | -$84M | -50.6% | +44.6% | Source |
| FY2017 | $114.8M | -$70.1M | -61.0% | — | Source |
Toyota
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | ~$339.6B | ~$25.8B | 7.6% | +5.5% | Source |
| FY2025 | ~$321.8B | ~$31.9B | 9.9% | +6.5% | Source |
| FY2024 | ~$302.1B | ~$33.1B | 11.0% | +21.4% | Source |
| FY2023 | ~$248.9B | ~$16.4B | 6.6% | +18.4% | Source |
| FY2022 | ~$210.2B | ~$19.1B | 9.1% | +15.3% | Source |
| FY2021 | ~$182.3B | ~$15B | 8.3% | -9.1% | Source |
| FY2020 | ~$200.5B | ~$13.9B | 6.9% | -1.0% | Source |
| FY2019 | ~$202.5B | ~$12.6B | 6.2% | +2.9% | Source |
| FY2018 | ~$196.8B | ~$16.7B | 8.5% | +6.5% | Source |
| FY2017 | ~$184.9B | ~$12.3B | 6.6% | -2.8% | Source |
| FY2016 | ~$190.3B | ~$15.5B | 8.1% | — | Source |
Where the revenue comes from
MongoDB
- MongoDB Atlas
Not formally reported
Managed cloud database revenue driven by consumption of compute, storage, backup, search, and related services.
- Enterprise Advanced
Not formally reported
Self-managed enterprise subscriptions, support, and advanced database capabilities.
- Professional services
Not formally reported
Consulting, training, migration, and technical enablement for customers.
- Search and AI platform features
Not formally reported
Additional Atlas usage from search, vector search, stream processing, and data services.
Toyota
- Automotive~89%
Toyota, Lexus, Daihatsu and Hino vehicles, plus parts and service
- Financial services~9%
Retail loans, leases and dealer financing
- All other~2%
Housing-related, telecommunications and other businesses
Business model and strategy
MongoDB
How it makes money
MongoDB runs a developer-led, open-core model. The free Community Server (source-available under the SSPL since 2018) drives adoption. Revenue comes from MongoDB Atlas, a fully managed service on AWS, Google Cloud, and Microsoft Azure billed on consumption of compute, storage, and data transfer; from MongoDB Enterprise Advanced, a self-managed subscription with security, management tooling, and support;
Growth strategy
Under CEO CJ Desai, MongoDB is positioning itself as a data platform for AI applications: Atlas Vector Search, Voyage AI embedding and reranking models (acquired in 2025), and tooling that connects coding agents to operational data. It also pursues migrations off relational databases and sells a 'run anywhere' approach spanning self-managed Enterprise Advanced and multi-cloud Atlas.
Competitive advantage
MongoDB's advantage rests on developer familiarity with the document model, the ability to run the same database self-managed or on any of the three largest clouds, integrated search and vector search inside Atlas, and high switching costs once applications are built on it. Its customer base grew from about 54,500 in January 2025 to more than 70,600 in July 2026.
Toyota
How it makes money
Toyota makes most of its money building and selling vehicles under the Toyota and Lexus brands (plus Daihatsu and Hino), led by high-volume models such as the RAV4, Corolla, Camry and Hilux. A large financial services arm earns interest and lease income on loans and leases to Toyota buyers and dealers, and parts, service and other value-chain businesses add recurring revenue from the installed base of vehicles.
Growth strategy
Toyota's strategy centers on hybrid leadership, battery EV scaling, software improvement, localized manufacturing, Lexus and truck/SUV profitability, financial services, and disciplined capital allocation.
Competitive advantage
Toyota's advantage is manufacturing discipline, hybrid technology, global supplier relationships, brand trust, reliability, and scale. Those strengths are durable, but they must be paired with faster software and EV execution.
Questions about MongoDB vs Toyota
Which company has higher revenue — MongoDB, Inc. or Toyota Motor Corporation?
MongoDB, Inc. reported $2.5B (FY2026), while Toyota Motor Corporation reported ~$339.6B (FY2026). By last reported revenue, Toyota Motor Corporation is the larger business, with MongoDB, Inc. reporting a smaller revenue base.
What is the market cap of MongoDB, Inc. vs Toyota Motor Corporation?
MongoDB, Inc.'s market capitalisation stands at $30.1B, while Toyota Motor Corporation's is $258.0B. Toyota Motor Corporation carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to MongoDB, Inc..
Which is more financially efficient — MongoDB, Inc. or Toyota Motor Corporation?
MongoDB, Inc. generates $437k / employee in revenue per employee, while Toyota Motor Corporation generates $905k / employee. Toyota Motor Corporation shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do MongoDB, Inc. and Toyota Motor Corporation make money?
MongoDB, Inc. and Toyota Motor Corporation generate revenue in fundamentally different ways. MongoDB, Inc.: MongoDB runs a developer-led, open-core model. Toyota Motor Corporation: Toyota makes most of its money building and selling vehicles under the Toyota and Lexus brands (plus Daihatsu and Hino), led by high-volume models such as the RAV4, Corolla, Camry and Hilux.
Which company is valued higher relative to revenue — MongoDB, Inc. or Toyota Motor Corporation?
On a price-to-sales (P/S) basis, MongoDB, Inc. trades at 12.2x P/S and Toyota Motor Corporation at 0.8x P/S. MongoDB, Inc. commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to Toyota Motor Corporation. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is MongoDB, Inc. bigger than Toyota Motor Corporation?
By last reported revenue, Toyota Motor Corporation (~$339.6B (FY2026)) is the larger company compared to MongoDB, Inc. ($2.5B (FY2026)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the MongoDB vs Toyota overview