Indie Semiconductor vs Toyo Co.
Toyo Co. is the larger business, with $427m of revenue in fiscal 2025 against $217m for Indie Semiconductor (2.0 times as much). Toyo Co. grew faster (141.5% against 0.3%). Toyo Co. kept more of each dollar of sales as profit: a net margin of 9.3% against -65.8%. Toyo Co. carries less debt relative to equity (4.9% against 101.2%).
| Latest fiscal year | Indie SemiconductorINDI, 2025 | Toyo Co.TOYO, 2025 |
|---|---|---|
| Revenue | $217m | $427m |
| Revenue growth | 0.3% | 141.5% |
| Net income | −$143m | $39.7m |
| Operating margin | -70.9% | 13.8% |
| Net margin | -65.8% | 9.3% |
| Return on equity | -36.9% | 46.5% |
| Free cash flow | −$71.4m | $41.2m |
| Cash | $145m | $58.9m |
| Total debt | $362m | $5.5m |
| Debt to equity | 101.2% | 4.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 800 | — |
| Market value | $316m | $184m |
| Price vs our value range | — | — |
| Moat score | 30 (Weak) | — |
| Insider trades, 12 months | 0 buys, 104 sales | 0 buys, 0 sales |