PerpEquities

Equity · Consumer cyclical

Toyota Motor Corporation (TM) perpetual futures

TM perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade TMUSDT.

Toyota Motor Corporation designs and manufactures passenger vehicles, commercial vehicles, and related parts, along with financial services and prefabricated housing.

$198.96+3.0%NYSE closed
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venue perp mark · Bitget (TM/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/3 live markets
Venues
3
Live markets
2/3
24h volume
$3.2K
Open interest
$43.5K
Best liquidity
$700.8K
Bitget
Tightest spread
+57.8 bps
Bitget
Highest volume
$2.2K
Bitget
Settlement mix
USDT · 3/3
Perp/spot vol.
0.00x
Spot volume $78M
OI / float
0.00%
Float $134.1B
Spot performance
1D+2.97%
5D+2.16%
1M+5.03%
6M-6.00%
YTD-7.41%
1Y+0.47%

Venue matrix

3 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BitgetTradeTM/USDTTrading$198.960.0% APR
0.000% every 8h
+57.8 bps$700.8K$2.2K$32.4KUSDT20x
Gate.ioTradeTM/USDTTrading$198.570.0% APR
0.000% every 8h
+134.0 bps-$1K$11.1KUSDT20x
BingXTradeTM-USDTWatchlist------USDT-

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 2 venues absorb $10k · Typical cost: +36.2 bps

Cheapest execution: Bitget · +36.2 bps

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

TM

Tightest spread

TM

Highest volume

TM

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$234.7B
Updated 1h ago
Revenue
$342.1B
Trailing 12 months
Revenue growth
+8%
Next fiscal year
Profit margin
+8.6%
P/E
8.6
Peer P/E 29.3
Free cash flow
-$5.7B
Trailing 12 months
More metrics
Net income
$29.5B
Trailing 12 months
P/S
0.7
Peer P/E
29.3
Similar listed perps
Revenue estimate
$356.2B
Next fiscal year
Earnings
2026-11-04
Revenue est. $84.1B · Updated 1h ago
Dividend
$3.133
2026-03-31

Fundamental detail

Annual + quarterly
Latest revenue$329.6B
Net margin+7.9%
Free cash flow$3.8B
Net debt$199.5B
2021$177B
2022$204B
2023$241.6B
2024$293.2B
2025$312.3B
2026$329.6B
PeriodRevenueGrowthNet incomeFCF
2021$177B-9%$14.6B-$46.7M
2022$204B+15%$18.5B-$699.8M
2023$241.6B+18%$15.9B-$4.9B
2024$293.2B+21%$32.2B-$5.5B
2025$312.3B+7%$31B-$10.1B
2026$329.6B+6%$25.9B$3.8B
PeriodGross marginOperating marginNet marginROEROA
2021+17.8%+8.1%+8.3%+8.6%+3.3%
2022+19.0%+9.5%+9.1%+10.9%+4.2%
2023+17.0%+7.3%+6.6%+8.7%+3.3%
2024+20.8%+11.9%+11.0%+14.4%+5.5%
2025+19.9%+10.0%+9.9%+13.3%+5.1%
2026+16.7%+7.4%+7.9%+9.9%+3.8%
PeriodCashDebtNet debtCurrent ratio
2021$39.8B$172.3B$132.5B1.09
2022$39.8B$172.3B$132.5B1.09
2023$48.9B$191B$142.2B1.10
2024$61.2B$237.7B$176.5B1.19
2025$58.4B$252.2B$193.8B1.26
2026$82.7B$282.1B$199.5B1.27
PeriodMarket capEnterprise valueP/SP/E
2021$157B$289.5B0.910.8
2022$198B$330.5B1.010.7
2023$167B$309.2B0.710.5
2024$322.6B$499.2B1.110.0
2025$225.7B$419.5B0.77.4
2026$277.2B$476.7B0.810.4
Q2 2025$74.4B
Q3 2025$80.6B
Q4 2025$80.4B
Q1 2026$79.7B
Q2 2026$80.5B
Q3 2026$89.1B
Q4 2026$83.4B
Q1 2027$89.1B
PeriodRevenueGrowthNet incomeFCF
Q2 2025$74.4B0%$3.7B-$1.5B
Q3 2025$80.6B+3%$14.3B-$3B
Q4 2025$80.4B+12%$4.3B$614.6M
Q1 2026$79.7B+4%$5.5B$4.1B
Q2 2026$80.5B+8%$6.1B-$793M
Q3 2026$89.1B+11%$8.3B-$2.9B
Q4 2026$83.4B+4%$5.4B$2.6B
Q1 2027$89.1B+12%$9.7B-$4.6B
PeriodGross marginOperating marginNet marginROEROA
Q2 2025+21.3%+10.1%+5.0%+1.7%+0.6%
Q3 2025+19.2%+9.8%+17.7%+6.1%+2.3%
Q4 2025+18.9%+9.0%+5.4%+1.9%+0.7%
Q1 2026+17.9%+9.5%+6.9%+2.3%+0.9%
Q2 2026+15.9%+6.8%+7.5%+2.5%+1.0%
Q3 2026+17.8%+8.9%+9.3%+3.3%+1.2%
Q4 2026+15.1%+4.5%+6.5%+2.1%+0.8%
Q1 2027+18.0%+7.9%+10.9%+4.0%+1.5%
PeriodCashDebtNet debtCurrent ratio
Q2 2025$49.6B$237.4B$187.8B1.23
Q3 2025$53.9B$257.3B$203.5B1.21
Q4 2025$58.4B$252.2B$193.8B1.26
Q1 2026$53.4B$250B$196.6B1.27
Q2 2026$52.8B$259.2B$206.4B1.25
Q3 2026$51.5B$274.1B$222.6B1.26
Q4 2026$82.7B$282.1B$199.5B1.27
Q1 2027$66.8B$283.9B$217.1B1.17
PeriodMarket capEnterprise valueP/SP/E
Q2 2025$221.7B$409.5B3.014.9
Q3 2025$261B$464.5B3.24.6
Q4 2025$225.7B$419.5B2.813.1
Q1 2026$210.2B$406.7B2.69.6
Q2 2026$239.3B$445.8B3.09.9
Q3 2026$284.5B$507.1B3.28.5
Q4 2026$277.2B$476.7B3.312.8
Q1 2027$217.8B$434.9B2.45.6

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$89.1BQ1 2027
$22.3B$44.6B$66.8B$89.1BQ2 2024: $74.3BQ3 2024: $78.3BQ4 2024: $72BQ1 2025: $77BQ2 2025: $74.4BQ3 2025: $80.6BQ4 2025: $80.4BQ1 2026: $79.7BQ2 2026: $80.5BQ3 2026: $89.1BQ4 2026: $83.4BQ1 2027: $89.1BQ2 2024Q1 2027
Net income$9.7BQ1 2027
$3.6B$7.1B$10.7B$14.3BQ2 2024: $8.3BQ3 2024: $8.8BQ4 2024: $6.5BQ1 2025: $8.7BQ2 2025: $3.7BQ3 2025: $14.3BQ4 2025: $4.3BQ1 2026: $5.5BQ2 2026: $6.1BQ3 2026: $8.3BQ4 2026: $5.4BQ1 2027: $9.7BQ2 2024Q1 2027
EBITDA$11.2BQ1 2027
$5.5B$10.9B$16.4B$21.9BQ2 2024: $15.2BQ3 2024: $15.5BQ4 2024: $14BQ1 2025: $16BQ2 2025: $9.4BQ3 2025: $21.9BQ4 2025: $9.6BQ1 2026: $11.8BQ2 2026: $11.9BQ3 2026: $14.5BQ4 2026: $10.8BQ1 2027: $11.2BQ2 2024Q1 2027
Free cash flow-$4.6BQ1 2027
-$2.5B-$289.2M$1.9B$4.1BQ2 2024: -$1.3BQ3 2024: -$4.7BQ4 2024: -$246.3KQ1 2025: -$31.3MQ2 2025: -$1.5BQ3 2025: -$3BQ4 2025: $614.6MQ1 2026: $4.1BQ2 2026: -$793MQ3 2026: -$2.9BQ4 2026: $2.6BQ1 2027: -$4.6BQ2 2024Q1 2027
EPS$7.95Q1 2027
$2.72$5.44$8.16$10.9Q2 2024: $6.15Q3 2024: $6.54Q4 2024: $4.81Q1 2025: $6.44Q2 2025: $2.81Q3 2025: $10.9Q4 2025: $3.3Q1 2026: $4.2Q2 2026: $4.65Q3 2026: $6.39Q4 2026: $4.16Q1 2027: $7.95Q2 2024Q1 2027
Cash / Debt$66.8BQ1 2027
$71B$141.9B$212.9B$283.9BQ2 2024 · Cash: $51.5BQ2 2024 · Debt: $217.2BQ3 2024 · Cash: $49.3BQ3 2024 · Debt: $220.8BQ4 2024 · Cash: $61.2BQ4 2024 · Debt: $237.7BQ1 2025 · Cash: $49.4BQ1 2025 · Debt: $253BQ2 2025 · Cash: $49.6BQ2 2025 · Debt: $237.4BQ3 2025 · Cash: $53.9BQ3 2025 · Debt: $257.3BQ4 2025 · Cash: $58.4BQ4 2025 · Debt: $252.2BQ1 2026 · Cash: $53.4BQ1 2026 · Debt: $250BQ2 2026 · Cash: $52.8BQ2 2026 · Debt: $259.2BQ3 2026 · Cash: $51.5BQ3 2026 · Debt: $274.1BQ4 2026 · Cash: $82.7BQ4 2026 · Debt: $282.1BQ1 2027 · Cash: $66.8BQ1 2027 · Debt: $283.9BQ2 2024Q1 2027
CashDebt
Profitability+18.0%Q1 2027
+5.6%+11.2%+16.7%+22.3%Q2 2024 · Gross margin: +20.7%Q3 2024 · Gross margin: +22.3%Q4 2024 · Gross margin: +20.3%Q1 2025 · Gross margin: +20.5%Q2 2025 · Gross margin: +21.3%Q3 2025 · Gross margin: +19.2%Q4 2025 · Gross margin: +18.9%Q1 2026 · Gross margin: +17.9%Q2 2026 · Gross margin: +15.9%Q3 2026 · Gross margin: +17.8%Q4 2026 · Gross margin: +15.1%Q1 2027 · Gross margin: +18.0%Q2 2024 · Operating margin: +12.6%Q3 2024 · Operating margin: +14.0%Q4 2024 · Operating margin: +10.0%Q1 2025 · Operating margin: +11.1%Q2 2025 · Operating margin: +10.1%Q3 2025 · Operating margin: +9.8%Q4 2025 · Operating margin: +9.0%Q1 2026 · Operating margin: +9.5%Q2 2026 · Operating margin: +6.8%Q3 2026 · Operating margin: +8.9%Q4 2026 · Operating margin: +4.5%Q1 2027 · Operating margin: +7.9%Q2 2024 · Net margin: +11.2%Q3 2024 · Net margin: +11.3%Q4 2024 · Net margin: +9.0%Q1 2025 · Net margin: +11.3%Q2 2025 · Net margin: +5.0%Q3 2025 · Net margin: +17.7%Q4 2025 · Net margin: +5.4%Q1 2026 · Net margin: +6.9%Q2 2026 · Net margin: +7.5%Q3 2026 · Net margin: +9.3%Q4 2026 · Net margin: +6.5%Q1 2027 · Net margin: +10.9%Q2 2024Q1 2027
Gross marginOperating marginNet margin
Revenue growth+11.8%Q1 2027
+3.8%+7.5%+11.3%+15.0%Q1 2025: +15.0%Q2 2025: +0.1%Q3 2025: +2.9%Q4 2025: +11.7%Q1 2026: +3.5%Q2 2026: +8.2%Q3 2026: +10.6%Q4 2026: +3.8%Q1 2027: +11.8%Q2 2024Q1 2027
Shares outstanding1.2BQ1 2027
338.1M676.1M1B1.4BQ2 2024: 1.4BQ3 2024: 1.3BQ4 2024: 1.3BQ1 2025: 1.3BQ2 2025: 1.3BQ3 2025: 1.3BQ4 2025: 1.3BQ1 2026: 1.3BQ2 2026: 1.3BQ3 2026: 1.3BQ4 2026: 1.3BQ1 2027: 1.2BQ2 2024Q1 2027
Valuation5.6Q1 2027
3.77.411.114.9Q2 2024 · P/E: 7.1Q3 2024 · P/E: 6.4Q4 2024 · P/E: 12.4Q1 2025 · P/E: 8.3Q2 2025 · P/E: 14.9Q3 2025 · P/E: 4.6Q4 2025 · P/E: 13.1Q1 2026 · P/E: 9.6Q2 2026 · P/E: 9.9Q3 2026 · P/E: 8.5Q4 2026 · P/E: 12.8Q1 2027 · P/E: 5.6Q2 2024 · P/S: 3.2Q3 2024 · P/S: 2.9Q4 2024 · P/S: 4.5Q1 2025 · P/S: 3.7Q2 2025 · P/S: 3.0Q3 2025 · P/S: 3.2Q4 2025 · P/S: 2.8Q1 2026 · P/S: 2.6Q2 2026 · P/S: 3.0Q3 2026 · P/S: 3.2Q4 2026 · P/S: 3.3Q1 2027 · P/S: 2.4Q2 2024Q1 2027
P/EP/S
Revenue$329.6B2026
$82.4B$164.8B$247.2B$329.6B2019: $196.5B2020: $194.2B2021: $177B2022: $204B2023: $241.6B2024: $293.2B2025: $312.3B2026: $329.6B20192026
Net income$25.9B2026
$8B$16.1B$24.1B$32.2B2019: $12.2B2020: $13.2B2021: $14.6B2022: $18.5B2023: $15.9B2024: $32.2B2025: $31B2026: $25.9B20192026
EBITDA$50.4B2026
$14.8B$29.6B$44.5B$59.3B2019: $26.7B2020: $25B2021: $30B2022: $38B2023: $37.4B2024: $59.3B2025: $56.9B2026: $50.4B20192026
Free cash flow$3.8B2026
-$6.6B-$3.2B$349.7M$3.8B2019: $180.2M2020: -$8.8B2021: -$46.7M2022: -$699.8M2023: -$4.9B2024: -$5.5B2025: -$10.1B2026: $3.8B20192026
EPS$20.42026
$5.95$11.9$17.8$23.82019: $8.392020: $9.362021: $10.32022: $13.32023: $11.72024: $23.82025: $23.42026: $20.420192026
Cash / Debt$82.7B2026
$70.5B$141.1B$211.6B$282.1B2019 · Cash: $23.2B2019 · Debt: $131B2020 · Cash: $166.5M2020 · Debt: $1.3B2021 · Cash: $39.8B2021 · Debt: $172.3B2022 · Cash: $39.8B2022 · Debt: $172.3B2023 · Cash: $48.9B2023 · Debt: $191B2024 · Cash: $61.2B2024 · Debt: $237.7B2025 · Cash: $58.4B2025 · Debt: $252.2B2026 · Cash: $82.7B2026 · Debt: $282.1B20192026
CashDebt
Profitability+16.7%2026
+5.2%+10.4%+15.6%+20.8%2019 · Gross margin: +18.0%2020 · Gross margin: +18.0%2021 · Gross margin: +17.8%2022 · Gross margin: +19.0%2023 · Gross margin: +17.0%2024 · Gross margin: +20.8%2025 · Gross margin: +19.9%2026 · Gross margin: +16.7%2019 · Operating margin: +8.2%2020 · Operating margin: +8.0%2021 · Operating margin: +8.1%2022 · Operating margin: +9.5%2023 · Operating margin: +7.3%2024 · Operating margin: +11.9%2025 · Operating margin: +10.0%2026 · Operating margin: +7.4%2019 · Net margin: +6.2%2020 · Net margin: +6.8%2021 · Net margin: +8.3%2022 · Net margin: +9.1%2023 · Net margin: +6.6%2024 · Net margin: +11.0%2025 · Net margin: +9.9%2026 · Net margin: +7.9%20192026
Gross marginOperating marginNet margin
Revenue growth+5.5%2026
-1.3%+6.2%+13.8%+21.4%2020: -1.2%2021: -8.9%2022: +15.3%2023: +18.4%2024: +21.4%2025: +6.5%2026: +5.5%20192026
Shares outstanding1.3B2026
364.8M729.7M1.1B1.5B2019: 1.5B2020: 1.4B2021: 1.4B2022: 1.4B2023: 1.4B2024: 1.4B2025: 1.3B2026: 1.3B20192026
Valuation10.42026
2.75.48.110.82019 · P/E: 10.22020 · P/E: 8.92021 · P/E: 10.82022 · P/E: 10.72023 · P/E: 10.52024 · P/E: 10.02025 · P/E: 7.42026 · P/E: 10.42019 · P/S: 0.62020 · P/S: 0.62021 · P/S: 0.92022 · P/S: 1.02023 · P/S: 0.72024 · P/S: 1.12025 · P/S: 0.72026 · P/S: 0.820192026
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-04
Revenue est. $84.1B · Updated 1h ago
Dividend
$3.133
2026-03-31

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20273,206.84$356.2B+8%2
FY 20283,568.79$369.3B+12%3
FY 20293,915.66$380.8B+16%1
FY 20304,172.64$396.6B+20%1
FY 20314,921.24$413.5B+25%1
Q2 20281,031.53$92.8B+15%1

Company events

6
2026-11-04EarningsActual - / Estimate 3.77-
2026-08-04EarningsActual 7.57 / Estimate 4.68Beat
2026-05-08EarningsActual 4 / Estimate 3.11Beat
2026-03-31Dividend$3.133-
2026-02-06EarningsActual 6.26 / Estimate 4.35Beat
2025-11-05EarningsActual 4.85 / Estimate 3.36Beat

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 13, 2026, 12:52 PM UTC

Company profile

Sector
Consumer Cyclical
Industry
Auto - Manufacturers
Chief executive
Kenta Kon
Employees
390,927
IPO date
Mar 17, 1980
Country
JP
Exchange
New York Stock Exchange
Website
Altman Z-scorei1.58
Piotroski scorei5/9
FMP ratingiA
Owner earningsi-¥235.82B-¥19.27 per share
ESG risk ratingiB+Industry rank: 3 out of 6

Rating factors

Return on equityi
4
Return on assetsi
4
Debt to equityi
2
Price to earningsi
4
Price to booki
4
Market cap history
2026-06-122026-09-11Latest: $242.57BHigh: $242.57BLow: $221.12B
Largest fund holders
FundWeightShares held
EDIV0.96%6M
SPEM0.03%2.4M
AVDE0.45%442.1K
JHEM0.03%186.5K
FVD0.43%176.5K
AVIV0.96%104.6K
PID1.99%91.8K
GMF0.04%88.4K
GMOI1.2%42.3K
QEMM0.12%38.2K
APIE0.63%37.5K
KOMP0.27%36K

Analyst track record

How the analysts covering TM have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings312
Analysts28
Buy / hold / sell2 / 1 / 08 / 4 / 0
Upgrades / downgrades / initiations2 / 1 / 02 / 3 / 1
Price targets hit / missed0 / 1 (0%)0 / 5 (0%)
Avg. return after a rating (TipRanks)-16.3%-13.5%
Best / worst call-16.3% / -16.3%-9.7% / -16.3%

After buy calls on this stock: not enough measured cases yet

Most accurate on this stock

  1. Stephan LingnauErste Group100% hit rate on this stockBuyno targetOct 31, 2025
  2. Kentaro HosodaBank of America Securities100% hit rate on this stockBuyno targetSep 17, 2024
  3. Masahiro AkitaBernstein100% hit rate on this stockHoldno targetApr 14, 2025

Latest ratings

DateAnalystCallTarget
May 14, 2026Dmitriy PozdnyakovFreedom Capital MarketsBuyUpgraded$230
Apr 2, 2026Stephan LingnauErste GroupHoldDowngraded
Oct 31, 2025Stephan LingnauErste GroupBuyUpgraded
Apr 14, 2025Masahiro AkitaBernsteinHoldInitiated
Sep 17, 2024Kentaro HosodaBank of America SecuritiesBuyMaintained
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$180$200$220$240Oct 25 · Buy 1 · Hold 0 · Sell 0Oct 25Nov 25 · Buy 1 · Hold 0 · Sell 0Dec 25 · Buy 1 · Hold 0 · Sell 0Dec 25Jan 26 · Buy 1 · Hold 0 · Sell 0Feb 26 · Buy 1 · Hold 0 · Sell 0Feb 26Mar 26 · Buy 1 · Hold 0 · Sell 0Apr 26 · Buy 0 · Hold 1 · Sell 0Apr 26May 26 · Buy 1 · Hold 1 · Sell 0Jun 26 · Buy 1 · Hold 1 · Sell 0Jun 26Jul 26 · Buy 1 · Hold 1 · Sell 0Aug 26 · Buy 1 · Hold 1 · Sell 0Aug 26Sep 26 · Buy 1 · Hold 1 · Sell 0May 26 · avg. target $230Jun 26 · avg. target $230Jul 26 · avg. target $230Aug 26 · avg. target $230Sep 26 · avg. target $230Oct 25 · month-end close $204Nov 25 · month-end close $202Dec 25 · month-end close $214Jan 26 · month-end close $227Feb 26 · month-end close $242Mar 26 · month-end close $206Apr 26 · month-end close $193May 26 · month-end close $190Jun 26 · month-end close $168Jul 26 · month-end close $189Aug 26 · month-end close $197Sep 26 · month-end close $192

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 11, 2026 · 3 ratings

Frequently asked questions

Where can I trade TM perpetual futures?

Toyota Motor Corporation (TM) perpetual futures trade on 2 crypto venues, including Bitget, Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade TM around the clock?

Yes. Unlike the underlying stock, TM perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on TM perpetuals?

Right now the TM perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the TM perp price compare to the Toyota Motor Corporation stock?

The venue-median TM perp mark is $198.8 versus a reference stock price of $199, a basis of -0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a TM perpetual future?

A TM perpetual is a derivative that tracks the price of Toyota Motor Corporation with no expiry date. It lets you take long or short exposure to Toyota Motor Corporation on crypto venues, around the clock.

What is TMUSDT perpetual?

TMUSDT is the symbol most crypto exchanges use for the Toyota Motor Corporation perpetual settled in USDT (Tether). It tracks the TM share price through an index, trades 24/7 with leverage and never expires.

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