Skoda Auto vs Toyota: Revenue, Profit and Business Model
Skoda Auto had ~$34B of annual revenue in FY2025. Toyota had ~$339.6B of annual revenue in FY2026 and ~$25.8B of net income.
Latest financial snapshot
Skoda Auto
- Latest annual revenue
- ~$34B (FY2025)
- Net income
- Unavailable here
- Net margin
- —
- Revenue growth
- +6.6% a year, FY2023–FY2025
Toyota
- Latest annual revenue
- ~$339.6B (FY2026)
- Net income
- ~$25.8B
- Net margin
- 7.6%
- Revenue growth
- +6.0% a year, FY2016–FY2026
Financial summary
Skoda Auto
Skoda Auto Group revenue rose from ~$29.9 billion (€26.5 billion) in 2023 to ~$31.4 billion (€27.8 billion) in 2024 and a record ~$34 billion (€30.1 billion) in 2025 (+8.3%). Operating profit reached ~$2.82 billion (€2.5 billion) in 2025 (+8.6%), giving a return on sales of 8.3%, and net cash flow hit a record ~$2.6 billion (€2.3 billion). In the first half of 2026 revenue grew 6.3% to ~$18.1 billion (€16.0 billion), operating profit rose 6.3% to ~$1.58 billion (€1.4 billion), return on sales held at 8.5% and net cash flow rose 14.3% to ~$1.92 billion (€1.7 billion). Management credits higher volumes, cost discipline under the Next Level Efficiency+ programme and Volkswagen Group synergies.
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. Toyota is consistently the top-selling automaker globally and sustains a massive market valuation often exceeding $300 billion.
Revenue and profit by year
Skoda Auto
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$34B | — | — | +8.3% | Source |
| FY2024 | ~$31.4B | — | — | +4.9% | Source |
| FY2023 | ~$29.9B | — | — | — | 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
Skoda Auto
- Car sales
83.9% (2025)
Share of Skoda Auto a.s. revenue. The range runs from the Fabia and Kamiq to the Kodiaq and the electric Elroq and Enyaq.
- Parts, accessories and components
Not formally reported
Genuine parts and accessories, components supplied to other Volkswagen Group brands, and services. Group revenue was ~$34 billion (€30.1 billion) in 2025.
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
Skoda Auto
How it makes money
Skoda makes most of its money selling new cars. In its 2025 annual report, car sales made up 83.9% of Skoda Auto a.s. revenue, with the rest coming from genuine parts, accessories, components supplied to other Volkswagen Group brands and services. The line-up runs from the Fabia and Kamiq through the Octavia, Superb and Kodiaq to the electric Elroq, Enyaq, Epiq and Peaq.
Growth strategy
Skoda's growth plan has two tracks. In Europe it is widening its EV range at lower price points (Elroq, Epiq) while keeping combustion and plug-in hybrid versions of the Octavia, Superb and Kodiaq. Internationally it leads Volkswagen Group business in India and is building presence in ASEAN, the Middle East, Türkiye and Morocco. India deliveries doubled in 2025, and the Kylaq compact SUV is a key volume model there.
Competitive advantage
Skoda's edge comes from combining Volkswagen Group platforms, engines and EV hardware with its own packaging and pricing. Its cars typically offer more cabin and boot space than similarly priced rivals, and features branded 'Simply Clever' (an umbrella in the door, an ice scraper in the fuel flap) reinforce a practical image.
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 Skoda Auto vs Toyota
Which company has higher revenue — Skoda Auto a.s. or Toyota Motor Corporation?
Skoda Auto a.s. had ~$34B (FY2025), while Toyota Motor Corporation had ~$339.6B (FY2026). By latest annual revenue, Toyota Motor Corporation is the larger business, with Skoda Auto a.s. showing a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
What is the market cap of Skoda Auto a.s. vs Toyota Motor Corporation?
Toyota Motor Corporation has a market capitalisation of $258.0B. A public market cap figure for Skoda Auto a.s. was not available (it may be privately held).
How does revenue per employee compare for Skoda Auto a.s. and Toyota Motor Corporation?
Skoda Auto a.s. has $850k / employee in revenue per employee, while Toyota Motor Corporation has $905k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do Skoda Auto a.s. and Toyota Motor Corporation make money?
Skoda Auto a.s. and Toyota Motor Corporation generate revenue in fundamentally different ways. Skoda Auto a.s.: Skoda makes most of its money selling new cars. 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.
Is Skoda Auto a.s. bigger than Toyota Motor Corporation?
By last reported revenue, Toyota Motor Corporation (~$339.6B (FY2026)) is the larger company compared to Skoda Auto a.s. (~$34B (FY2025)). 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 Skoda Auto vs Toyota overview