Toyota vs Visteon: Revenue, Profit and Business Model
Toyota had ~$339.6B of annual revenue in FY2026 and ~$25.8B of net income. Visteon had $3.8B of annual revenue in FY2025 and $201M of net income.
Latest financial snapshot
Financial summary
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.
Visteon
Visteon's 2025 net sales fell about 3% to USD 3.768 billion, with price-downs and lower BMS volumes offsetting roughly 20% growth in displays. Profitability still improved: gross margin was USD 532 million and adjusted EBITDA a record USD 492 million (13.1%). Net income attributable to Visteon dropped to USD 201 million from USD 296 million, mainly because of tax valuation allowance changes and a pension transfer charge. In Q2 2026, sales were USD 960 million versus USD 969 million a year earlier, adjusted EBITDA was USD 116 million, net cash was USD 351 million, and the company reaffirmed full-year sales guidance of USD 3.625 billion to USD 3.825 billion.
Revenue and profit by year
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 |
Visteon
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $3.8B | $201M | 5.3% | -2.5% | Source |
| FY2024 | $3.9B | $296M | 7.7% | -2.2% | Source |
| FY2023 | $4B | $568M | 14.4% | +5.3% | Source |
| FY2022 | $3.8B | $124M | 3.3% | +35.4% | Source |
| FY2021 | $2.8B | $41M | 1.5% | +8.8% | Source |
| FY2020 | $2.5B | -$56M | -2.2% | -13.5% | Source |
| FY2019 | $2.9B | $70M | 2.4% | -1.3% | Source |
| FY2018 | $3B | $164M | 5.5% | -5.1% | Source |
| FY2017 | $3.1B | $176M | 5.6% | -0.5% | Source |
| FY2016 | $3.2B | $75M | 2.4% | — | Source |
Where the revenue comes from
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
Visteon
- Digital cockpit electronics
- Automotive displays
- Instrument clusters
- Infotainment systems
- Cockpit domain controllers
- Battery management systems
Business model and strategy
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.
Visteon
How it makes money
Visteon is a Tier 1 supplier. It bids for cockpit electronics programs on specific vehicle platforms, usually years before production starts, and is paid per unit once those vehicles are built. Displays, instrument clusters, infotainment and SmartCore domain controllers make up most sales, with battery management systems for EVs a smaller line.
Growth strategy
Visteon's growth strategy is to deepen its digital cockpit portfolio, win more domain controller and display programs, expand with Asian and European OEMs, support electric and software-defined vehicle platforms, and use disciplined M&A or partnerships to add technology.
Competitive advantage
Visteon's advantage comes from focus. After exiting climate and interiors, it became a cockpit electronics specialist with global engineering, OEM qualification history, and domain-controller know-how. It has the credibility to win programs with large automakers and the operating discipline to convert those wins into margins.
Questions about Toyota vs Visteon
Which company has higher revenue — Toyota Motor Corporation or Visteon Corporation?
Toyota Motor Corporation had ~$339.6B (FY2026), while Visteon Corporation had $3.8B (FY2025). By latest annual revenue, Toyota Motor Corporation is the larger business, with Visteon Corporation 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 Toyota Motor Corporation vs Visteon Corporation?
Toyota Motor Corporation has a market capitalisation of $258.0B. A public market cap figure for Visteon Corporation was not available (it may be privately held).
How does revenue per employee compare for Toyota Motor Corporation and Visteon Corporation?
Toyota Motor Corporation has $905k / employee in revenue per employee, while Visteon Corporation has $359k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do Toyota Motor Corporation and Visteon Corporation make money?
Toyota Motor Corporation and Visteon Corporation generate revenue in fundamentally different ways. 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. Visteon Corporation: Visteon is a Tier 1 supplier.
Is Toyota Motor Corporation bigger than Visteon Corporation?
By last reported revenue, Toyota Motor Corporation (~$339.6B (FY2026)) is the larger company compared to Visteon Corporation ($3.8B (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 Toyota vs Visteon overview