HMC

MKT CAP:$32B

Honda Motor Co., Ltd.

Market Cap

$32B

Consumer Cyclical·Auto - Manufacturers·🇯🇵 Japan·NYSE

Consumer Cyc.·Auto·🇯🇵·NYSE

Stock Price

$24.25-$5.71 (-19.04%)

Apr 24, 2026

Company Details

Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, A...

CEO

Toshihiro Mibe

IPO Date

Mar 17, 1980

Website

www.honda.co.jp

Key Metrics TTM

Revenue

$134.3B

-1.5% YoY

Net Income

$3.1B

EPS (Diluted)

$2.25

Free Cash Flow

$74M

Revenue / Share

$102.97

Gross Margin

20.5%

Operating Margin

3.1%

Net Margin

2.3%

FCF Margin

0.1%

P/S

0.2x

P/E

10.2x

Earnings Reports

Q4 2026

May 12, 2026

PENDING

Q3 2026

Feb 10, 2026

$34.1B-1.7%EPS $0.74

Q2 2026

Nov 7, 2025

$33.2B-1.9%EPS $0.51

Q1 2026

Aug 6, 2025

$33.5B-1.2%EPS $0.88

FY 2025

Jun 18, 2025

$135.9B+6.2%EPS $3.36

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 22	$24.3B	$5.0B	$1.3B
Q1 23	$24.0B	$4.8B	$1.4B
Q2 23	$26.7B	$5.1B	$1.4B
Q3 23	$27.8B	$5.6B	$1.8B
Q4 23	$27.5B	$5.3B	$293M
Q1 24	$29.0B	$6.2B	$2.5B
Q2 24	$31.2B	$6.8B	$1.9B
Q3 24	$33.8B	$7.4B	$2.4B
Q4 24	$34.0B	$7.2B	$1.9B
Q1 25	$33.9B	$7.5B	$3.0B
Q2 25	$33.8B	$7.2B	$6.3B
Q3 25	$34.7B	$7.4B	$2.5B
Q4 25	$33.6B	$7.1B	$461M
Q1 26	$33.5B	$6.7B	$1.5B
Q2 26	$33.2B	$6.8B	$1.2B
Q3 26	$34.1B	$6.9B	$978M

Valuation

Quarter	P/S	P/E
Q4 22	0.2x	3.6x
Q1 23	0.2x	3.5x
Q2 23	0.1x	3.1x
Q3 23	0.1x	3.0x
Q4 23	0.1x	3.6x
Q1 24	0.2x	3.1x
Q2 24	0.2x	3.1x
Q3 24	0.1x	2.9x
Q4 24	0.2x	2.8x
Q1 25	0.1x	2.4x
Q2 25	0.1x	2.7x
Q3 25	0.1x	2.3x
Q4 25	0.1x	2.7x
Q1 26	0.1x	3.7x
Q2 26	0.3x	10.9x
Q3 26	0.3x	13.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$4.6B	$3.8B
Q1 23	$3.9B	$3.0B
Q2 23	$4.5B	$3.3B
Q3 23	$2.3B	$1.2B
Q4 23	$2.6B	$1.8B
Q1 24	$1.2B	$531M
Q2 24	$1.2B	$352M
Q3 24	$262M	-$702M
Q4 24	$2.0B	$1.3B
Q1 25	$537M	-$719M
Q2 25	$939M	-$45M
Q3 25	$530M	-$683M
Q4 25	$870M	-$942M
Q1 26	$537M	-$719M
Q2 26	$1.8B	$727M
Q3 26	$2.0B	$1.0B

Capital Expenditures

Quarter	CapEx
Q4 22	$776M
Q1 23	$850M
Q2 23	$1.2B
Q3 23	$1.1B
Q4 23	$783M
Q1 24	$698M
Q2 24	$799M
Q3 24	$964M
Q4 24	$749M
Q1 25	$1.3B
Q2 25	$985M
Q3 25	$1.2B
Q4 25	$1.8B
Q1 26	$1.3B
Q2 26	$1.0B
Q3 26	$946M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+7.0%	+7.8%
Q1 23	+6.9%	+8.0%
Q2 23	+25.0%	+25.6%
Q3 23	+20.3%	+20.2%
Q4 23	+13.1%	+18.0%
Q1 24	+20.8%	+17.3%
Q2 24	+17.1%	+16.3%
Q3 24	+21.4%	+20.5%
Q4 24	+23.8%	+18.1%
Q1 25	+16.9%	+16.3%
Q2 25	+8.2%	-6.2%
Q3 25	+2.6%	+2.5%
Q4 25	-1.3%	+3.2%
Q1 26	-1.2%	+3.6%
Q2 26	-1.9%	+16.1%
Q3 26	-1.7%	+2.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$3M	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%
Q2 26	$0	0.0%
Q3 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q4 22	$1.4B	$2.3B
Q1 23	$1.1B	$2.3B
Q2 23	$1.3B	$2.4B
Q3 23	$1.4B	$2.5B
Q4 23	$1.7B	$3.3B
Q1 24	$1.2B	$2.5B
Q2 24	$1.3B	$3.6B
Q3 24	$1.4B	$3.6B
Q4 24	$1.8B	—
Q1 25	$1.4B	$3.1B
Q2 25	$1.6B	—
Q3 25	$1.7B	$3.2B
Q4 25	$2.2B	$4.5B
Q1 26	$1.8B	$3.3B
Q2 26	$1.8B	$3.7B
Q3 26	$2.1B	$3.9B

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$23.0B	$1.4B	$24.4B
Q1 23	$22.7B	$2.4B	$25.1B
Q2 23	$24.7B	$1.7B	$26.3B
Q3 23	$22.5B	$2.4B	$24.9B
Q4 23	$23.8B	$1.7B	$25.5B
Q1 24	$25.6B	$1.4B	$27.0B
Q2 24	$27.8B	$1.1B	$28.9B
Q3 24	$27.1B	$952M	$28.0B
Q4 24	$31.0B	$1.4B	$32.5B
Q1 25	$31.2B	$1.2B	$32.4B
Q2 25	$29.0B	$2.2B	$31.1B
Q3 25	$31.1B	$1.7B	$32.7B
Q4 25	$28.4B	$1.3B	$29.7B
Q1 26	$28.4B	$1.3B	$29.7B
Q2 26	$29.0B	$1.3B	$30.3B
Q3 26	$30.4B	$1.2B	$31.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 22	1.71B	-0.3%	-0.9%
Q1 23	1.71B	+0.0%	-0.9%
Q2 23	1.71B	-0.2%	-1.1%
Q3 23	1.69B	-0.8%	-1.3%
Q4 23	1.68B	-1.0%	-2.0%
Q1 24	1.66B	-1.2%	-3.1%
Q2 24	1.64B	-1.1%	-4.0%
Q3 24	1.62B	-1.0%	-4.2%
Q4 24	1.62B	-0.1%	-3.3%
Q1 25	1.61B	-0.8%	-3.0%
Q2 25	1.58B	-1.6%	-3.5%
Q3 25	1.58B	0.0%	-2.5%
Q4 25	1.58B	0.0%	-2.4%
Q1 26	1.40B	-11.5%	-12.9%
Q2 26	1.40B	0.0%	-11.5%
Q3 26	1.30B	-6.9%	-17.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 22	$111.0K	219K
Q1 23	$109.7K	219K
Q2 23	$121.9K	219K
Q3 23	$127.2K	219K
Q4 23	$129.9K	211K
Q1 24	$137.1K	211K
Q2 24	$147.7K	211K
Q3 24	$159.8K	211K
Q4 24	$166.7K	204K
Q1 25	$166.0K	204K
Q2 25	$165.6K	204K
Q3 25	$169.8K	204K
Q4 25	$170.4K	197K
Q1 26	$169.8K	197K
Q2 26	$168.3K	197K
Q3 26	$173.0K	197K

Revenue / Employee