10 Most Profitable Large Cap Stocks to Buy Now

8. Toyota Motor Corporation (NYSE:TM)

Number of Hedge Fund Holders: 13

Last year net income: $33.50 billion

Toyota Motor Corporation (NYSE:TM) is a global automotive manufacturer that designs, produces, and sells passenger vehicles, trucks, and hybrid and electric vehicles. Its product lineup includes popular models under the Toyota and Lexus brands, with a strong presence in hybrid technology through its Prius and other electrified vehicles. TM operates worldwide, with manufacturing plants and sales networks across multiple regions. The company is involved in vehicle electrification, hydrogen fuel cell technology, and autonomous driving research, and also provides financial services, including vehicle financing and leasing, to support its global customer base. The Japanese company ranked seventh on our recent list of 7 Cheap Global Stocks to Buy Right Now.

Toyota Motor Corporation (NYSE:TM)’s financial performance reflects successful improvement efforts, including price revisions, controlled incentives, and expanded value chain profits. The company’s success is attributed to recovered and stabilized production levels, continuous maintenance of high product strength through “ever-better cars” manufacturing and coordinated regional activities leading to customer satisfaction. TM has increased its investment in human resources and growth areas to 830 billion yen this fiscal year, focusing on workplace environment improvements and work style reforms. Significant strategic developments include the establishment of a new BEV and battery development facility in Shanghai, with planned production capacity of 100,000 units and 1,000 new jobs after 2027. Additionally, Toyota Battery Manufacturing North Carolina (TBMNC), representing a $14 billion investment with 5,000 planned jobs, will commence battery shipments in April, strengthening the company’s multi-pathway strategy through local production.

Toyota Motor Corporation (NYSE:TM) emphasizes that these financial results stem from customer support, with a focus on mass-producing smiles and happiness for customers through engaged employees, suppliers, and dealers working with purpose and enthusiasm. Management remains committed to active investment in people and growth areas to ensure continued development with all stakeholders. With more than $33 billion net profit in 2024, TM is one of the most profitable large cap stocks to buy now.