Fanuc Corp FANUY

IndustrialsMachinery, Tools, Heavy Vehicles, Trains & ShipsJapan

Last close 17.72 USD on Nov 2, 2026, −8.1% year to date

Quant rating

Quant rating A Rank 55 of 418 in Industrials

Growth B 132 of 418
Valuation C 170 of 418
Quality A 50 of 418
Revisions A 26 of 418
Momentum C 260 of 418

Wall Street consensus Hold (3.00)Average target 22.81 USD +28.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 35.2B
Enterprise value: 30.3B
52-week range: 15.11 – 27.54
3-year range: 10.91 – 27.54
Dividend yield: 1.91%
Beta (5 years): 1.18
Shares outstanding: 982M
Next earnings: Jan 25, 2027

About the company

Fanuc Corp is a Japan-based company mainly engaged in the development, manufacture, and sale of computer numerical control (CNC) systems used in production systems through automation and their application products based on CNC system technology, as a comprehensive supplier of factory automation (FA). The FA division is engaged in the development, manufacture and sale of FA products, such as CNC systems and laser products. The Robot division is engaged in the development, manufacture and sale of robot systems and other robotic products. The Robot Machine division is engaged in the development, manufacture, and sale of small cutting machines, electric injection molding machines, wire electrical discharge machining tools, and other products.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	5,405	5,316	5,256	6,416	6,025	–
Revenue growth	1.7%	1.1%	−18.1%	6.5%	21.0%	1.7%
EPS (basic, normalized)	0.59	0.52	0.48	0.66	0.72	–
EPS growth	14.7%	6.4%	−26.4%	−8.5%	–	–
Gross margin	38.3%	37.0%	34.7%	38.2%	40.3%	37.7%
Net margin	19.4%	18.5%	16.7%	20.0%	21.2%	19.2%
ROE	9.3%	8.6%	8.0%	10.8%	10.5%	9.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	5,001
Current ratio	6.50x
Long-term debt (mil)	0
Net debt (mil)	−4,882
Total equity (mil)	12,030
Net debt / equity	−0.41x
Net debt / EBITDA	−3.18x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	5,405	+1.7%	5.6x	1,536	+7.9%	19.7x	0.59	+14.7%	29.9x
2027	6,337	+17.2%	4.8x	2,006	+30.6%	15.1x	1.09	+84.7%	16.2x
2028	6,824	+7.7%	4.4x	2,115	+5.4%	14.3x	1.15	+5.1%	15.4x
2029	7,341	+7.6%	4.1x	2,371	+12.1%	12.8x	1.60	+39.4%	11.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	6,337	+3.1%	+3.6%	+6.2%	1.09	+6.8%	+6.8%	+13.7%
2028	6,824	+2.2%	+2.8%	+8.4%	1.15	+2.2%	+2.2%	−19.9%
2029	7,341	0.0%	0.0%	+8.5%	1.60	0.0%	0.0%	+1.6%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	–	1,252	1,293	1,292	1,391	1,359	1,432	1,399	1,495	1,449
Sales mean (mil)	–	–	–	–	1,363	1,430	1,353	1,322	1,413	1,468
Surprise	–	–	–	–	+2.1%	−5.0%	+5.9%	+5.8%	+5.8%	−1.3%
EPS reported	–	0.10	0.15	0.12	0.16	0.14	0.15	0.13	0.17	0.17
EPS mean	–	–	–	–	0.03	0.13	0.13	0.13	0.13	0.17
Surprise	–	–	–	–	+423.3%	+7.7%	+16.9%	−0.8%	+30.8%	+0.6%

Peer comparison Machinery, Tools, Heavy Vehicles, Trains & Ships

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
FANUY Fanuc Corp	35.2B	−3.18x	19.4%	2.76x	16.2x	15.4x	15.1x	14.3x
ATLKY Atlas Copco AB	89.9B	0.28x	15.7%	7.69x	30.5x	23.0x	18.5x	14.3x
KNYJF KONE Oyj	28.5B	−0.37x	8.7%	10.57x	24.8x	22.2x	13.7x	12.3x
ALFVF Alfa Laval AB (publ)	22.8B	0.89x	11.9%	4.52x	25.1x	21.5x	15.7x	13.5x
SCWO 374Water Inc	45M	–	−9,754.0%	15.07x	–	–	–	–
LASE Laser Photonics Corp	40M	–	−390.3%	−34.09x	–	–	–	–
Mean		−0.59x	−1,681.4%	1.09x	24.1x	20.5x	15.7x	13.6x
Median		−0.05x	10.3%	6.11x	25.0x	21.8x	15.4x	13.9x

Technical analysis

1M−10.0%
3M−12.8%
1Y+8.1%
3Y+47.9%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Fanuc Corp, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	5,405	5,316	5,256	6,416	6,025	4,980
Cost of revenue	3,335	3,349	3,433	3,965	3,595	3,156
Gross profit	2,070	1,967	1,823	2,451	2,430	1,824
Selling, general & administrative expenses	840	844	822	943	846	727
Research & development	–	–	–	–	–	–
Depreciation/amortization	71.5	63.8	63.1	66.9	77.9	81.0
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	2.8	7.3	–	9.2	6.3	7.0
Other operating expenses	0	0	0	0	0	0
Operating income	1,155	1,052	938	1,432	1,500	1,009
Net interest income (expense)	261	247	227	287	216	136
Gain (loss) on sale of assets	−5.7	–	−3.7	−8.9	−3.4	–
Other non-operating income (expense)	22.9	12.9	39.9	22.7	37.3	17.5
Net income before taxes	1,433	1,312	1,201	1,733	1,750	1,163
Provision for taxes	366	303	306	423	447	293
Minority interest	−18.0	−25.3	−15.4	−25.1	−26.4	−20.3
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,049	984	880	1,285	1,276	849
Extraordinary items	–	–	–	–	–	–
Net income	1,049	984	880	1,285	1,276	849
EBIT, normalized	1,158	1,059	938	1,441	1,506	1,016
EBITDA, normalized	1,459	1,369	1,262	1,811	1,893	1,424
Basic EPS, normalized	0.59	0.52	0.48	0.66	0.72	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Fanuc Corp, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	4,750	4,045	3,563	3,985	4,942	5,301
Receivables	1,062	1,030	1,021	1,215	1,226	1,151
Total inventory	1,841	2,044	2,396	2,640	2,051	1,484
Prepaid expenses	–	–	–	–	–	–
Other current assets	141	123	134	155	123	102
Total current assets	7,794	7,241	7,113	7,996	8,342	8,037
Property, plant & equipment	3,726	4,030	4,017	4,433	4,752	5,211
Goodwill	–	–	–	–	–	–
Intangibles	53.8	58.7	64.9	81.7	73.4	89.9
Long-term investments	1,407	1,282	1,219	1,201	1,115	987
Note receivable	–	–	–	–	–	–
Other long-term assets	192	307	316	397	380	357
Total assets	13,173	12,918	12,729	14,109	14,664	14,681
Liabilities
Accounts payable	291	250	284	429	407	398
Payable/accrued	–	–	–	–	–	–
Accrued expenses	–	–	–	–	–	–
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	17.5	17.2	15.1	12.9	7.8	2.5
Other current liabilities	822	784	738	944	1,045	820
Total current liabilities	1,131	1,051	1,037	1,385	1,460	1,221
Long-term debt	30.4	31.4	27.3	25.5	12.2	17.0
Minority interest	114	102	90.2	91.7	116	91.0
Other liabilities	148	232	303	442	452	475
Total liabilities	1,423	1,417	1,457	1,944	2,040	1,804
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	435	460	456	520	567	623
Additional paid-in capital	605	640	634	725	790	867
Retained earnings (accumulated deficit)	10,216	10,575	10,180	11,414	11,849	12,403
Treasury stock	−868	−1,159	−949	−981	−871	−958
Other equity	1,362	984	950	487	289	−59.1
Total equity	11,750	11,501	11,272	12,165	12,624	12,877
Total liabilities & shareholders' equity	13,173	12,918	12,729	14,109	14,664	14,681

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Fanuc Corp, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	1,433	1,312	1,201	1,733	1,750	1,163
Depreciation, depletion & amortization	301	310	324	370	387	407
Deferred taxes	–	–	–	–	–	–
Non-cash items	−261	−247	−230	−275	−215	−137
Changes in working capital	107	327	−160	−1,079	−890	−364
Cash from operations	1,581	1,702	1,135	749	1,032	1,069
Investing activities
Capital expenditures	−133	−272	−356	−354	−282	−197
Other investing cash flows	−222	−622	266	−233	−161	45.1
Cash from investing	−356	−894	−89.6	−587	−443	−151
Financing activities
Financing cash flow items	−22.6	−26.2	−26.6	−52.7	−17.4	−21.4
Cash dividends paid	−595	−554	−595	−727	−713	−456
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−3.5	−330	−188	−184	−1.9	−2.6
Cash from financing	−621	−911	−810	−963	−733	−480
Foreign exchange effects	108	−62.4	94.1	65.6	117	131
Net change in cash	712	−165	330	−736	−26.8	568
Free cash flow	1,447	1,430	779	395	750	872

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.