Honda Motor Co Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Honda Motor Co Ltd (HMC) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Honda Motor Co Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 142,394M vs 2,309,826M combined for its competitors (5.8% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (-1.3% annualized vs trailing 12 months), vs decelerating (-18.6%) for its tracked peer group.
- Growth: Honda Motor Co Ltd generated -74.9% revenue growth year over year in Q4 2025, vs -34.2% for its competitors combined.
- Profitability: Its 0.8% net margin compares with 2.9% for the peer group.
- Scale: Honda Motor Co Ltd ranks #3 of 31 companies by market capitalization in the EV, Auto & Truck Manufacturers industry, holding 3.6% of industry market cap.
- Peer revenue share: Honda Motor Co Ltd accounted for 7.0% of combined revenue among its tracked peer group, down from 16.4% a year earlier.
- Peer differentiation: Revenue per employee of $0.73M compares with $1.44M for the peer group (0.5x).
- Structure: Honda Motor Co Ltd reports the following subsidiaries: AMERICAN HONDA FINANCE CORP.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
HMC Sales vs. its Competitors, Q4 2025
Honda Motor Co Ltd reported revenue contraction of 74.85 % year on year in Q4 2025, below its competitors' combined revenue change of -34.15 %.
With a net margin of 0.79 %, Honda Motor Co Ltd reported lower profitability than its competitors (2.92 %).
Honda Motor Co Ltd generated 6.96 % of the combined sales of its peer group, down from 16.38 % a year earlier.
API endpoints for this dataset
Honda Motor Co Ltd vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Honda Motor Co Ltd reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Honda Motor Co Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Honda Motor Co Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (7) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Honda Motor Co Ltd's competitor groups requires a Commercial License.
For context: the EV, Auto & Truck Manufacturers industry grew revenue 3.7% year over year, combined, vs -74.9% for Honda Motor Co Ltd. Honda Motor Co Ltd's share of combined industry revenue moved from 12.72% to 3.08%, a loss of 9.63 percentage points.
Honda Motor Co Ltd's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Honda Motor Co Ltd | Yes | Yes | No | Yes |
| Competitors combined (39) | ||||
| High-Confidence Competitors (5) | ||||
| Similar-Size Competitors (7) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 50.00 % (4 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
HMC Stock Performance relative to its Competitors
HMC Stock Performance relative to High-Confidence Competitors
HMC Stock Performance relative to Similar-Size Competitors
HMC Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Allison Transmission Holdings Inc | 282.9% | Outperformed |
| 2 | Westinghouse Air Brake Technologies Corporation | 282.9% | Outperformed |
| 3 | General Motors Company | 282.9% | Outperformed |
| 4 | Woodward Inc | 282.9% | Outperformed |
| 5 | Brunswick Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Honda Motor Co Ltd's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Honda Motor Co Ltd's Comment on Competition and Industry Peers
Publicly Traded Peers of Honda Motor Co Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Honda Motor Co Ltd |
167,142.10 | 142,393.78 |
 Tesla Inc |
1,268,457.02 | 103,570.00 |
 General Electric Company |
336,492.84 | 52,575.00 |
 Caterpillar Inc |
258,366.38 | 74,729.00 |
 General Motors Company |
76,423.92 | 186,951.00 |
 Ferrari N v |
74,204.72 | 8,079.16 |
| SUBTOTAL | 2,543,728.62 | 2,452,232.46 |
Sign in to see all competitors of Honda Motor Co Ltd .
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Honda Motor Co Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Honda Motor Co Ltd's Competitors Named by the Company
Competitive relationships identified from Honda Motor Co Ltd reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| finance and leasing companies | Company report | 85% |
| commercial banks | Company report | 85% |
| Eve Holding Inc | Company report | 85% |
| SPEV | Company report | 85% |
| PEV | Company report | 85% |
| Phoenix Motor Inc | Company report | 85% |
| Aeternum Health Inc | Company report | 85% |
| Evgo Inc | Company report | 85% |
| Lear Corp | Company report | 85% |
| Ford Motor Co | Company report | 85% |
| Renault SA | Company report | 85% |
| Stellantis N v | Company report | 85% |
| Toyota Motor Corp | Company report | 85% |
| Li Auto Inc | Company report | 85% |
| Volvo | Company report | 85% |
| VOLKSWAGEN GROUP | Company report | 85% |
| Rivian Automotive Inc | Company report | 85% |
| Tesla Inc | Company report | 85% |
| Hyundai Motor Co | Company report | 85% |
| Xpeng Inc | Company report | 85% |
| General Motors Company | Company report | 85% |
| Mercedes-Benz Group AG | Company report | 85% |
| BYD | Company report | 85% |
| Generac Holdings Inc | Company report | 85% |
| Allison Transmission Holdings Inc | Company report | 85% |
| Bollinger Innovations Inc | Company report | 85% |
| Fisker Inc | Company report | 85% |
| Cummins Inc | Company report | 85% |
| Borgwarner Inc | Company report | 85% |
| Bayerische Motoren Werke BMW AG | Company report | 85% |
| Gentherm Incorporated | Company report | 85% |
| Vinfast Auto ltd | Company report | 85% |
Company report basis, confidence, active dates and source counts for Honda Motor Co Ltd's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Honda Motor Co Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Tesla Inc | Automotive 89.73 % |
| General Electric Company | Commercial Engines and Services, Reportable 73.25 % |
| Caterpillar Inc | Construction Industries 41.12 % |
| General Motors Company | GM North America 82.81 % |
| Cummins Inc | Distribution 35.17 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Sign in to see all peers for Honda Motor Co Ltd .
Honda Motor Co Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Honda Motor Co Ltd | 167,142 | 730,251 | 30,405 |
| Tesla Inc | 1,268,457 | 768,409 | 24,202 |
| General Electric Company | 336,493 | 922,368 | 159,930 |
| Caterpillar Inc | 258,366 | 633,297 | 91,873 |
| General Motors Company | 76,424 | 1,198,404 | 26,500 |
| Ferrari N v | 74,205 | 1,412,935 | 316,273 |
| PEERS TOTAL | 2,376,587 | 1,439,826 | 14,728 |
Sign in to see all peers for Honda Motor Co Ltd .
Honda Motor Co Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Tesla Inc | United States 44.55 % |
| Caterpillar Inc | Latin America -0.11 % |
| Cummins Inc | United States 56.10 % |
| Borgwarner Inc | Europe 34.76 % |
| Oshkosh Corporation | US 87.40 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Sign in to see all peers for Honda Motor Co Ltd .
Honda Motor Co Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 27 companies in Honda Motor Co Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Honda Motor Co Ltd ranks #3 of 27 companies by market capitalization in its industry, holding 3.63 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 4,650, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Toyota Motor Corp | 2,865,048 | 62.21 % |
| 2 | Tesla Inc | 1,268,099 | 27.54 % |
| 3 | Honda Motor Co Ltd | 167,142 | 3.63 % |
| 4 | General Motors Company | 78,406 | 1.70 % |
| 5 | Ferrari N v | 1,234 | 5.2% |
| 6 | Ford Motor Co | 1,234 | 5.2% |
| 7 | Li Auto Inc | 1,234 | 5.2% |
| 8 | Rivian Automotive Inc | 1,234 | 5.2% |
| 9 | Stellantis N v | 1,234 | 5.2% |
| 10 | Xpeng Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Honda Motor Co Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Honda Motor Co Ltd's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Toyota Motor Corp | 2,865,048 | 7.32 % |
| 2 | Tesla Inc | 1,268,099 | -23.99 % |
| 3 | Honda Motor Co Ltd | 167,142 | 15.33 % |
| 4 | General Motors Company | 1,234 | 12.3% |
| 5 | Ferrari N v | 1,234 | 12.3% |
| 6 | Ford Motor Co | 1,234 | 12.3% |
| 7 | Li Auto Inc | 1,234 | 12.3% |
| 8 | Rivian Automotive Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Honda Motor Co Ltd's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Honda Motor Co Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the EV, Auto & Truck Manufacturers industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (50 companies). See the full EV, Auto & Truck Manufacturers industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.00 % | 4.06 % (avg) | -4.1 pp |
| Operating Margin | 5.59 % | industry median | +7.4 pp |
| EBITDA Margin | 6.51 % | -13.39 % (avg) | +19.9 pp |
| Capital Intensity (Capex / Revenue) | 2.36 % | 10.01 % (avg) | -7.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Honda Motor Co Ltd's Valuation vs Competitive Position
Valuation multiples vs the EV, Auto & Truck Manufacturers industry average (50 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full EV, Auto & Truck Manufacturers industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 0.2x | 26.6x | -26.5x |
| EV / EBITDA | 18.0x | 23.3x | -5.2x |
| P/B | 1.6x | 4.6x | -3.1x |
| Return on Equity | 7.04 % | industry aggregate | -2.06 % |
| Return on Invested Capital | 3.43 % | -7.22 % (avg) | 10.65 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Honda Motor Co Ltd's Strategic Group Map
Honda Motor Co Ltd is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Honda Motor Co Ltd's trailing-12-month revenue growth of 0.6% and operating margin of 5.6% compares with an average of 3.0% growth and 5.0% margin across its 8 closest peers by combined growth, margin and ROIC -- Honda Motor Co Ltd sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Honda Motor Co Ltd's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Honda Motor Co Ltd falls in the Dog quadrant: relative market share of 0.06x vs its largest competitor, in an industry growing revenue 3.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Toyota Motor Corp alone holds 62% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Honda Motor Co Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 4,650 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.36 % vs industry average 10.01 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Honda Motor Co Ltd's dedicated Suppliers and Customers pages, not here.
Honda Motor Co Ltd's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Honda Motor Co Ltd falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Honda Motor Co Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 7.4 points above the industry median.
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.06x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Trades at a lower P/E than the industry average (0.2x vs 26.6x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- Industry dominated by Toyota Motor Corp, holding 62.21 % of industry market cap.
- Losing revenue share to the broader industry (-9.6 points over the past year).
- Tracked peer group's revenue run-rate is broadly decelerating (-18.6% annualized).
Methodology: see Methodology: SWOT Analysis.
Honda Motor Co Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Honda Motor Co Ltd | 0.53 | 1.36 | 0.76 |
| Tesla Inc | 0.47 | 1.96 | 0.05 |
| General Electric Company | - | 0.90 | 1.09 |
| Caterpillar Inc | 0.19 | 1.39 | 0.99 |
| General Motors Company | 0.22 | 1.13 | 0.82 |
| Ferrari N v | 13.62 | 44.77 | - |
Sign in to see all peers for Honda Motor Co Ltd .
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Honda Motor Co Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Honda Motor Co Ltd | Q1 2025 | +0.6 % | -27.6 % |
| Tesla Inc | Q3 2026 | -0.2 % | -43.3 % |
| General Electric Company | Q3 2026 | +15.9 % | +6.2 % |
| Caterpillar Inc | Q2 2026 | +24.0 % | +64.9 % |
| General Motors Company | Q3 2026 | +2.9 % | +157.9 % |
| Ferrari N v | Q4 2025 | +11.8 % | +9.5 % |
| PEERS TOTAL | +3.4 % | -70.6 % |
Sign in to see all peers for Honda Motor Co Ltd .
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Honda Motor Co Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Honda Motor Co Ltd | Q1 2025 | +1.6 % | +38.8 % |
| Tesla Inc | Q3 2026 | -2.1 % | +110.5 % |
| General Electric Company | Q3 2026 | +450.6 % | +9.4 % |
| Caterpillar Inc | Q2 2026 | +18.3 % | +16.3 % |
| General Motors Company | Q3 2026 | - | +10.1 % |
| Ferrari N v | Q4 2025 | +8.6 % | +5.1 % |
Sign in to see all peers for Honda Motor Co Ltd .
Honda Motor Co Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Honda Motor Co Ltd | 2.89% | 4.01% | 7.04% |
| Tesla Inc | 2.22% | 3.04% | 3.80% |
| General Electric Company | 7.10% | 10.18% | 50.08% |
| Caterpillar Inc | 11.11% | 17.90% | 54.18% |
| General Motors Company | 1.46% | 2.42% | 6.46% |
| Ferrari N v | 16.00% | 19.93% | 39.36% |
Sign in to see all peers for Honda Motor Co Ltd .
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Honda Motor Co Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Honda Motor Co Ltd | 0.20 | 1.17 |
| Tesla Inc | 393.65 | 12.25 |
| General Electric Company | 37.37 | 6.40 |
| Caterpillar Inc | 24.07 | 3.46 |
| General Motors Company | 19.06 | 0.41 |
| Ferrari N v | 46.44 | 9.18 |
| PEERS AVERAGE | 86.07 | 1.04 |
Sign in to see all peers for Honda Motor Co Ltd .
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.