Mitsubishi Heavy Industries, Ltd. (MHVYF) Financial Statements
$22.95OTC: MHVYFMarket Cap $77.12B
Mitsubishi Heavy Industries, Ltd. most recently reported annual revenue of $5.01T, net profit of $334.2B. Revenue grew at an average annual rate of 6.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Mitsubishi Heavy Industries, Ltd.: Revenue rose from $3.91T in 2017 to $5.01T in 2026, a change of +27.9% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 3.9% to 9.0%, a shift of +5.2 percentage points; the most recent year shows net profit of $334.2B.
Income Statement — 10 Years (USD millions)
Metric
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Revenue
$3.91T
$4.09T
$4.08T
$4.04T
$3.70T
$3.86T
$4.20T
$4.66T
$5.03T
$5.01T
Operating Expenses
$3.76T
$3.91T
$3.85T
$3.92T
$3.65T
$3.76T
$4.06T
$4.42T
$4.64T
$4.55T
Operating Profit
$150.5B
$173.5B
$230.8B
$126.2B
$54.1B
$99.2B
$141.4B
$234.8B
$383.2B
$452.7B
Operating Margin
3.9%
4.3%
5.7%
3.1%
1.5%
2.6%
3.4%
5.0%
7.6%
9.0%
Other Income
$19.2B
$-134.3B
$-5.5B
$-158.8B
$-4.7B
$74.5B
$49.7B
$80.4B
$-8.7B
$25.0B
Interest
$11.5B
$9.9B
$10.9B
$13.0B
$16.4B
$18.5B
$31.2B
$17.3B
$22.3B
$17.1B
Depreciation
$189.3B
$173.7B
$135.7B
$144.6B
$238.3B
$135.8B
$148.5B
$155.9B
$160.6B
$212.5B
Profit Before Tax
$169.7B
$39.2B
$195.1B
$-32.7B
$49.4B
$173.7B
$191.1B
$315.2B
$374.5B
$477.7B
Tax
$38.0M
$57.7M
$29.6M
$428.5M
$12.5M
$27.6M
$23.4M
$22.7M
$30.1M
$24.5M
Net Profit
$87.7B
$-7.3B
$110.3B
$87.1B
$40.6B
$113.5B
$130.5B
$222.0B
$245.4B
$334.2B
EPS
$260.71
$-21.75
$328.01
$259.21
$12.08
$33.81
$38.83
$66.04
$73.02
$99.06
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
8 duplicate period labels in the source data were collapsed.
Metric
Jun '23
Sep '23
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
$984.0B
$1.09T
$1.19T
$1.40T
$1.11T
$1.19T
$1.25T
$1.48T
$1.19T
$933.2B
$1.21T
$1.66T
Operating Expenses
$947.5B
$1.04T
$1.10T
$1.33T
$1.05T
$1.10T
$1.16T
$1.40T
$1.10T
$875.2B
$1.09T
$1.48T
Operating Profit
$36.4B
$45.7B
$90.7B
$67.5B
$65.4B
$84.3B
$85.3B
$79.3B
$89.9B
$58.0B
$121.6B
$182.4B
Operating Margin
3.7%
4.2%
7.6%
4.8%
5.9%
7.1%
6.8%
5.4%
7.5%
6.2%
10.0%
11.0%
Interest
$4.9B
$2.2B
$19.6B
$5.2B
$5.4B
$37.9B
$0
$18.8B
$9.2B
$0
$3.6B
$4.7B
Profit Before Tax
$75.9B
$56.5B
$73.9B
$107.6B
$101.3B
$67.0B
$106.6B
$99.6B
$95.0B
$79.9B
$155.7B
$146.3B
Tax
$22.6M
$21.3M
$30.2M
$18.8M
$33.4M
$27.7M
$34.6M
$23.3M
$24.8M
$30.6M
$33.3M
$11.5M
Net Profit
$53.2B
$38.8B
$46.1B
$84.0B
$62.3B
$44.8B
$65.0B
$73.3B
$68.2B
$47.4B
$96.2B
$121.9B
EPS
$15.83
$11.53
$13.71
$24.98
$18.52
$13.33
$19.34
$21.83
$20.31
$14.09
$28.61
$36.75
Over the 10 years reported for Mitsubishi Heavy Industries, Ltd., borrowings decreased from $934.4B in 2017 to $881.8B in 2026, cash stood at $1.34T in the latest year, shareholders' equity was $267.3B, current assets covered current liabilities 1.28 times.
Balance Sheet — 10 Years (USD millions)
Metric
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Total Assets
$5.48T
$5.25T
$5.24T
$4.99T
$4.81T
$5.12T
$5.47T
$6.26T
$6.66T
$8.32T
Current Assets
$3.52T
$3.24T
$3.16T
$2.84T
$2.45T
$2.80T
$3.04T
$3.42T
$3.91T
$5.47T
Cash
$242.4B
$299.2B
$283.2B
$281.6B
$245.4B
$314.3B
$347.7B
$431.3B
$657.8B
$1.34T
Inventory
$1.33T
$748.6B
$739.8B
$726.2B
$713.5B
$798.6B
$876.9B
$974.6B
$1.06T
$1.05T
Receivables
$1.17T
$0
$0
$1.19T
$1.23T
$1.40T
$1.54T
$1.69T
$1.78T
$2.14T
Fixed Assets
$935.1B
$773.2B
$867.6B
$889.1B
$873.0B
$888.5B
$926.1B
$1.00T
$1.02T
$862.7B
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Investments
$615.2B
$690.2B
$657.8B
$597.6B
$743.1B
$771.2B
$783.6B
$1.31T
$1.25T
$821.4B
Other Assets
$120.6B
$121.6B
$121.1B
$124.5B
$124.5B
$128.7B
$131.2B
$172.5B
$172.9B
$107.1B
Total Liabilities
$3.38T
$3.55T
$3.51T
$3.70T
$3.37T
$3.45T
$3.64T
$3.90T
$4.19T
$5.07T
Current Liabilities
$2.53T
$2.65T
$2.60T
$2.81T
$2.35T
$2.48T
$2.62T
$2.94T
$3.15T
$4.29T
Borrowings
$934.4B
$1.17T
$794.7B
$1.37T
$1.24T
$869.1B
$1.19T
$1.14T
$1.13T
$881.8B
Other Liabilities
$2.44T
$2.38T
$2.72T
$2.32T
$2.14T
$2.58T
$2.45T
$2.75T
$3.06T
$4.19T
Equity
$265.6B
$265.6B
$265.6B
$265.6B
$265.6B
$265.6B
$265.6B
$265.6B
$265.6B
$267.3B
Reserves
$1.78T
$1.40T
$1.41T
$1.22T
$1.37T
$1.58T
$1.74T
$2.24T
$2.35T
$3.11T
For Mitsubishi Heavy Industries, Ltd., operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $766.3B; free cash flow was positive in 7 of 10 years; financing activities used $87.9B in the latest year, which covers debt repayment, dividends and buybacks.
Cash Flow Statement — 10 Years (USD millions)
Metric
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Operating Cash Flow
$95.9B
$405.8B
$420.3B
$452.6B
$-94.9B
$285.6B
$80.9B
$331.2B
$530.5B
$948.6B
Investing Cash Flow
$-191.0B
$-504.8B
$-384.4B
$-499.7B
$-357.2B
$-113.0B
$-177.5B
$-291.5B
$-428.4B
$-231.7B
Financing Cash Flow
$2.7B
$34.9B
$-77.1B
$-78.7B
$-58.7B
$-34.2B
$60.9B
$-86.2B
$40.0B
$-87.9B
Net Cash Flow
$-57.9B
$56.8B
$-16.0B
$-1.6B
$-36.2B
$68.8B
$33.4B
$83.6B
$226.5B
$642.6B
Free Cash Flow
$-104.3B
$138.6B
$196.1B
$206.3B
$-241.2B
$156.3B
$-51.0B
$170.7B
$289.8B
$766.3B
Valuation & Return Ratios
Metric
Value
PEG Ratio
1.09
EV / EBITDA
18.01
FCF Yield
5.93%
Quick Ratio
1.03
Interest Coverage
20.86
Return 1Y
-23.32%
Return 3Y
341.95%
Return 5Y
879.93%
Mitsubishi Heavy Industries, Ltd. (MHVYF) financials — frequently asked questions
What is Mitsubishi Heavy Industries, Ltd.'s annual revenue?
Mitsubishi Heavy Industries, Ltd. (MHVYF) reported annual revenue of $5.01T in its most recent fiscal year.
What is Mitsubishi Heavy Industries, Ltd.'s net profit?
Mitsubishi Heavy Industries, Ltd. (MHVYF) reported net profit of $334.2B in its most recent fiscal year.
What is MHVYF EV/EBITDA?
Mitsubishi Heavy Industries, Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is 18.01.