Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAlex SiroisSat, July 4, 2026 at 4:38 PM GMT+2 3 min readQuick ReadToyota (TM) absorbed an $8.8 billion tariff hit and still produced $35 billion in operating cash flow, exposing Ford's (F) far thinner margin cushion.Ford's Model e will lose up to $4.5 billion this year while Toyota backs its 3.65% dividend with $81 billion in cash and a 9x P/E.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Toyota didn't make the cut. Grab the names FREE today.Toyota (NYSE:TM) and Ford (NYSE:F) closed very different earnings cycles. Toyota wrapped fiscal 2026 with $323.62 billion in revenue and a global hybrid engine humming across five brands. Ford posted a $43.25 billion Q1 and raised its 2026 outlook, yet the story underneath is a U.S. truck franchise carrying an EV division still bleeding cash.LucaLorenzelli / iStock Editorial via Getty ImagesHybrid Cash Machine Meets a Truck-Powered TurnaroundToyota's electrified mix hit 48.1% of retail sales, with BEV volumes up 68.4% to 243 thousand units. That mix, plus a Financial Services segment that grew operating income 24.6% to $5.44 billion, helped absorb an $8.81 billion U.S. tariff hit. Operating cash flow landed at $34.94 billion.Ford's quarter leans on Blue and Pro. Ford Blue revenue rose 14% to $23.9 billion, powered by F-Series, Bronco, and Expedition. Ford Pro delivered $1.69 billion EBIT with paid software subs up 30% YoY to 879,000. Model e lost $777 million, and a $1.30 billion IEEPA tariff benefit flattered results.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Toyota didn't make the cut. Grab the names FREE today.Business DriverToyotaFordMain Growth EngineHybrids and Lexus premiumF-Series, Bronco, Ford Pro softwareManagement FocusCost reform, SDV, value chainFord+ plan, Universal EV platformKey DragU.S. tariffs, China marginModel e losses, aluminum costsGlobal Insulation vs. a Narrower U.S. BetToyota earns roughly $132.70 billion in North America but balances that with $50.71 billion in Japan, $50.41 billion in Asia, and $40.84 billion in Europe. Ford is heavily U.S.-anchored, amplifying commodity and tariff swings. Jim Farley framed it bluntly: "We built the foundation for a more modern, resilient Ford, improving cost and quality and building our world-class team." Model e guidance calls for a $4.0 billion to $4.5 billion loss this year.Valuation frames the divergence. Toyota trades at a 9 trailing P/E with a 3.65% dividend yield and a 0.306 beta. Ford's $0.15 quarterly payout is generous, but Q1 free cash flow was negative $1.87 billion.The Next Test Is Who Compounds Through TariffsTerms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info