Detailed financial statements for Sony Group Corporation (SONY): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year: ten fiscal years free and up to 20 with Premium.
Sony Group Corporation is a global conglomerate engaged in the design, development, manufacturing, and distribution of diverse electronic equipment, instruments, and devices. Its offerings serve consumer, professional, and industrial segments across Japan, the United States, Europe, China, the Asia-Pacific region, and other international territories.
Analysis Summary
Sony Group Corporation reported revenue of 12.48T JPY in the most recent fiscal year, growing at a 5-year CAGR of 6.8%.
Trailing-twelve-month margins: gross margin 31.8%, operating margin 13.3%, net margin -1.7%. Free cash flow grew at 17.6% CAGR over 5 years.
At $26.08 (closing price, October 28, 2026), SONY has negative trailing earnings (P/E not meaningful) and an ROE of -2.74%. Market capitalisation stands at $153.2B, placing it among large-cap names.
Balance sheet quality for SONY: current ratio of 1.2, net cash position of 539.21B JPY. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Revenue | 7.63T JPY | 8.55T JPY | 8.69T JPY | 8.24T JPY | 9.00T JPY | 9.92T JPY | 10.97T JPY | 13.02T JPY | 12.03T JPY | 12.48T JPY |
| Cost of Revenue | 5.19T JPY | 5.77T JPY | 5.78T JPY | 5.41T JPY | 6.02T JPY | 6.60T JPY | 7.00T JPY | 8.95T JPY | 7.77T JPY | 7.87T JPY |
| Gross Profit | 2.44T JPY | 2.78T JPY | 2.90T JPY | 2.83T JPY | 2.98T JPY | 3.32T JPY | 3.97T JPY | 4.07T JPY | 4.26T JPY | 4.61T JPY |
| Research & Development | 447.46B JPY | 458.52B JPY | 481.20B JPY | 499.29B JPY | 545.36B JPY | 618.37B JPY | 735.70B JPY | 742.77B JPY | 734.58B JPY | 762.03B JPY |
| Selling, General & Admin | 1.45T JPY | 1.56T JPY | 1.54T JPY | 1.48T JPY | 1.47T JPY | 1.59T JPY | 1.97T JPY | 2.16T JPY | 2.26T JPY | 2.30T JPY |
| Operating Expenses | 1.89T JPY | 2.02T JPY | 2.02T JPY | 1.98T JPY | 2.02T JPY | 2.21T JPY | 2.70T JPY | 2.90T JPY | 2.99T JPY | 3.06T JPY |
| Operating Income | 542.73B JPY | 757.04B JPY | 877.13B JPY | 852.45B JPY | 957.95B JPY | 1.11T JPY | 1.27T JPY | 1.17T JPY | 1.27T JPY | 1.55T JPY |
| EBITDA | 890.72B JPY | 1.43T JPY | 1.75T JPY | 1.56T JPY | 1.75T JPY | 2.06T JPY | 2.32T JPY | 2.47T JPY | 2.54T JPY | 2.67T JPY |
| Interest Expense | 14.54B JPY | 13.57B JPY | 12.47B JPY | 11.09B JPY | 24.89B JPY | 36.35B JPY | 39.84B JPY | 58.78B JPY | 70.56B JPY | 70.99B JPY |
| Pre-tax Income | 251.62B JPY | 699.05B JPY | 1.01T JPY | 799.45B JPY | 997.97B JPY | 1.12T JPY | 1.27T JPY | 1.27T JPY | 1.34T JPY | 1.42T JPY |
| Income Tax | 124.06B JPY | 151.77B JPY | 45.10B JPY | 177.19B JPY | -45.93B JPY | 229.10B JPY | 262.72B JPY | 288.17B JPY | 257.48B JPY | 367.11B JPY |
| Net Income | 73.29B JPY | 490.79B JPY | 916.27B JPY | 582.19B JPY | 1.03T JPY | 882.18B JPY | 1.01T JPY | 970.57B JPY | 1.14T JPY | -326.87B JPY |
| EPS | $11.61 | $77.66 | $144.68 | $94.33 | $167.35 | $142.37 | $162.71 | $157.66 | $188.71 | $-54.70 |
| EPS (Diluted) | $11.38 | $75.95 | $141.55 | $92.25 | $164.75 | $141.03 | $161.97 | $157.14 | $187.92 | $-54.70 |
| Shares Outstanding (Diluted) | 6,289.4 M | 6,441.7 M | 6,462.1 M | 6,473.2 M | 6,311.3 M | 6,251.7 M | 6,256.3 M | 6,206.9 M | 6,176.7 M | 5,976.0 M |
Income Statement (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Revenue | 3.11T JPY | 3.71T JPY | 3.04T JPY | 2.84T JPY |
| Gross Profit | 1.01T JPY | 1.06T JPY | 934.27B JPY | 1.04T JPY |
| Operating Income | 454.58B JPY | 472.38B JPY | 287.05B JPY | 473.11B JPY |
| EBITDA | 739.47B JPY | 809.58B JPY | 527.17B JPY | 751.76B JPY |
| Net Income | 361.97B JPY | -1.01T JPY | 82.87B JPY | 342.16B JPY |
| EPS | $60.48 | $-169.03 | $13.73 | $58.07 |
| EPS (Diluted) | $60.10 | $-169.03 | $13.73 | $57.82 |
Balance Sheet (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Cash & Equivalents | 960.14B JPY | 1.59T JPY | 1.47T JPY | 1.51T JPY | 1.79T JPY | 2.05T JPY | 1.48T JPY | 1.91T JPY | 2.98T JPY | 2.21T JPY |
| Short-term Investments | 1.05T JPY | 1.18T JPY | 1.31T JPY | 407.83B JPY | 431.55B JPY | 415.83B JPY | 353.81B JPY | 422.97B JPY | 467.32B JPY | 0 |
| Receivables | 1.18T JPY | 1.20T JPY | 1.29T JPY | 1.19T JPY | 1.37T JPY | 1.62T JPY | 1.77T JPY | 2.16T JPY | 1.94T JPY | 1.82T JPY |
| Inventory | 640.84B JPY | 692.94B JPY | 653.28B JPY | 559.78B JPY | 636.67B JPY | 874.01B JPY | 1.47T JPY | 1.52T JPY | 1.31T JPY | 1.23T JPY |
| Total Current Assets | 4.36T JPY | 5.18T JPY | 5.25T JPY | 4.17T JPY | 4.72T JPY | 5.48T JPY | 5.72T JPY | 6.78T JPY | 7.45T JPY | 5.95T JPY |
| Property, Plant & Equipment | 758.20B JPY | 739.47B JPY | 777.05B JPY | 1.29T JPY | 1.35T JPY | 1.53T JPY | 1.82T JPY | 2.03T JPY | 2.04T JPY | 1.98T JPY |
| Goodwill | 522.54B JPY | 530.49B JPY | 768.55B JPY | 690.93B JPY | 726.11B JPY | 952.89B JPY | 1.28T JPY | 1.49T JPY | 1.51T JPY | 1.67T JPY |
| Intangible Assets | 584.18B JPY | 527.17B JPY | 917.97B JPY | 1.37T JPY | 1.45T JPY | 1.79T JPY | 2.13T JPY | 2.54T JPY | 2.92T JPY | 3.22T JPY |
| Total Assets | 17.66T JPY | 19.07T JPY | 20.98T JPY | 24.97T JPY | 27.51T JPY | 29.65T JPY | 31.15T JPY | 34.11T JPY | 35.29T JPY | 15.68T JPY |
| Accounts Payable | 539.90B JPY | 468.55B JPY | 492.12B JPY | 1.31T JPY | 1.60T JPY | 1.84T JPY | 1.87T JPY | 2.06T JPY | 2.10T JPY | 2.24T JPY |
| Short-term Debt | 518.08B JPY | 721.62B JPY | 791.08B JPY | 922.97B JPY | 1.41T JPY | 2.15T JPY | 2.10T JPY | 2.03T JPY | 2.13T JPY | 311.75B JPY |
| Total Current Liabilities | 5.22T JPY | 5.62T JPY | 6.08T JPY | 6.15T JPY | 7.35T JPY | 8.77T JPY | 9.32T JPY | 10.19T JPY | 10.69T JPY | 5.03T JPY |
| Long-term Debt | 681.46B JPY | 623.45B JPY | 568.37B JPY | 939.03B JPY | 1.05T JPY | 1.20T JPY | 1.77T JPY | 2.06T JPY | 1.56T JPY | 824.39B JPY |
| Total Liabilities | 14.51T JPY | 15.41T JPY | 16.54T JPY | 18.97T JPY | 20.78T JPY | 23.95T JPY | 24.50T JPY | 26.35T JPY | 26.78T JPY | 7.17T JPY |
| Retained Earnings | 984.37B JPY | 1.44T JPY | 2.32T JPY | 1.95T JPY | 2.91T JPY | 4.17T JPY | 5.09T JPY | 6.00T JPY | 6.68T JPY | 5.29T JPY |
| Total Equity | 2.50T JPY | 2.97T JPY | 3.75T JPY | 4.87T JPY | 6.68T JPY | 5.65T JPY | 6.60T JPY | 7.59T JPY | 8.18T JPY | 8.12T JPY |
| Total Debt | 1.20T JPY | 1.35T JPY | 1.36T JPY | 2.05T JPY | 2.65T JPY | 3.57T JPY | 4.06T JPY | 4.09T JPY | 4.20T JPY | 1.67T JPY |
| Net Debt | -812.04B JPY | -1.42T JPY | -1.42T JPY | 130.29B JPY | 432.16B JPY | 1.11T JPY | 2.23T JPY | 1.76T JPY | 749.97B JPY | -539.21B JPY |
| Working Capital | -866.02B JPY | -444.44B JPY | -833.20B JPY | -1.98T JPY | -2.64T JPY | -3.28T JPY | -3.60T JPY | -3.42T JPY | -3.23T JPY | 917.37B JPY |
Balance Sheet (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Cash & Equivalents | 1.50T JPY | 2.09T JPY | 2.21T JPY | 2.17T JPY |
| Total Assets | 36.13T JPY | 15.88T JPY | 15.68T JPY | 16.05T JPY |
| Total Liabilities | 28.13T JPY | 7.37T JPY | 7.17T JPY | 7.27T JPY |
| Total Equity | 7.69T JPY | 8.16T JPY | 8.12T JPY | 8.37T JPY |
| Total Debt | 1.60T JPY | 2.19T JPY | 1.67T JPY | 1.87T JPY |
Cash Flow (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Net Income | 73.29B JPY | 490.79B JPY | 916.27B JPY | 582.19B JPY | 1.03T JPY | 1.12T JPY | 1.01T JPY | 970.57B JPY | 1.14T JPY | 1.03T JPY |
| Depreciation & Amortization | 624.55B JPY | 720.72B JPY | 722.52B JPY | 746.45B JPY | 732.11B JPY | 835.23B JPY | 1.00T JPY | 1.14T JPY | 1.15T JPY | 1.18T JPY |
| Stock-based Compensation | 2.74B JPY | 5.25B JPY | 0 | 5.96B JPY | 8.89B JPY | 11.11B JPY | 15.78B JPY | 0 | 0 | 0 |
| Change in Working Capital | 437.0M JPY | 91.14B JPY | 37.62B JPY | -12.98B JPY | -1.46T JPY | -1.19T JPY | -1.54T JPY | -562.91B JPY | 884.18B JPY | -510.06B JPY |
| Operating Cash Flow | 809.26B JPY | 1.25T JPY | 1.26T JPY | 1.35T JPY | 1.14T JPY | 1.23T JPY | 314.69B JPY | 1.37T JPY | 2.32T JPY | 1.95T JPY |
| Capital Expenditure | -333.51B JPY | -262.99B JPY | -312.64B JPY | -439.76B JPY | -477.93B JPY | -441.10B JPY | -613.63B JPY | -623.95B JPY | -647.53B JPY | -457.68B JPY |
| Acquisitions | 3.26B JPY | 44.62B JPY | -161.73B JPY | 93.17B JPY | 3.15B JPY | -213.01B JPY | -282.18B JPY | -199.25B JPY | -294.42B JPY | -136.00B JPY |
| Stock Repurchased | -114.0M JPY | -198.0M JPY | -100.18B JPY | -200.21B JPY | -366.0M JPY | -88.62B JPY | -99.25B JPY | -202.97B JPY | -285.55B JPY | -522.09B JPY |
| Dividends Paid | -25.30B JPY | -28.49B JPY | -38.07B JPY | -49.57B JPY | -61.29B JPY | -74.34B JPY | -86.57B JPY | -98.62B JPY | -115.25B JPY | -135.03B JPY |
| Free Cash Flow | 475.75B JPY | 991.98B JPY | 946.09B JPY | 909.98B JPY | 662.29B JPY | 792.55B JPY | -298.94B JPY | 749.27B JPY | 1.67T JPY | 1.49T JPY |
Cash Flow (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Operating Cash Flow | 394.29B JPY | 860.28B JPY | 548.54B JPY | 240.45B JPY |
| Capital Expenditure | -99.78B JPY | -75.28B JPY | -162.52B JPY | -137.87B JPY |
| Free Cash Flow | 294.50B JPY | 785.00B JPY | 386.02B JPY | 102.58B JPY |
| Dividends Paid | -339.0M JPY | -74.43B JPY | -385.0M JPY | -73.43B JPY |
| Stock-based Compensation | 0 | 0 | 0 | 0 |
Growth & Margins (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Revenue Growth (YoY) | | +12.0% | +1.6% | -5.1% | +9.2% | +10.3% | +10.6% | +18.6% | -7.6% | +3.7% |
| Net Income Growth (YoY) | | +569.7% | +86.7% | -36.5% | +76.9% | -14.3% | +14.0% | -3.5% | +17.6% | -128.6% |
| EPS Growth (YoY) | | +568.9% | +86.3% | -34.8% | +77.4% | -14.9% | +14.3% | -3.1% | +19.7% | -129.0% |
| Shares Change (YoY) | | +2.4% | +0.3% | +0.2% | -2.5% | -0.9% | +0.1% | -0.8% | -0.5% | -3.2% |
| FCF Growth (YoY) | | +108.5% | -4.6% | -3.8% | -27.2% | +19.7% | -137.7% | +350.6% | +123.4% | -11.1% |
| Gross Margin | 31.9% | 32.5% | 33.4% | 34.3% | 33.1% | 33.5% | 36.2% | 31.2% | 35.4% | 36.9% |
| Operating Margin | 7.1% | 8.9% | 10.1% | 10.3% | 10.6% | 11.2% | 11.5% | 9.0% | 10.6% | 12.4% |
| EBITDA Margin | 11.7% | 16.8% | 20.1% | 18.9% | 19.5% | 20.7% | 21.1% | 19.0% | 21.1% | 21.4% |
| Net Margin | 1.0% | 5.7% | 10.5% | 7.1% | 11.4% | 8.9% | 9.2% | 7.5% | 9.5% | -2.6% |
| FCF Margin | 6.2% | 11.6% | 10.9% | 11.0% | 7.4% | 8.0% | -2.7% | 5.8% | 13.9% | 11.9% |
| Effective Tax Rate | 49.3% | 21.7% | 4.5% | 22.2% | -4.6% | 20.5% | 20.6% | 22.7% | 19.2% | 25.8% |
Per-Share Data (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF Per Share | $75.64 | $153.99 | $146.41 | $140.58 | $104.94 | $126.77 | $-47.78 | $120.72 | $271.04 | $248.99 |
| Dividends Per Share | $4.02 | $4.42 | $5.89 | $7.66 | $9.71 | $11.89 | $13.84 | $15.89 | $18.66 | $22.60 |
| Shares Outstanding (Basic) | 6,189.0 M | 6,310.1 M | 6,319.5 M | 6,333.0 M | 6,172.0 M | 6,152.4 M | 6,196.5 M | 6,178.5 M | 6,156.2 M | 5,976.0 M |
What to look at in Technology companies
- Revenue growth 3y (>=15%/year) — Validates sustained traction, not a one-off.
- Gross margin (Sub-sector dependent) — SaaS >=70%, Internet >=55%, Semis >=45%, Hardware >=35%.
- FCF / Revenue (>=20%) — Real cash generated. Many tech firms dress up non-GAAP earnings.
- ROIC (>=15%) — Capital reinvested efficiency — Buffett's first metric.
- SBC / Revenue (<10% healthy) — Stock-based compensation. Silent dilution: >20% destroys value.
- Net Debt / EBITDA (<=2x (1.5x SaaS)) — Resilience in downturns and rate hikes.
Profitability
| Return on Equity | -2.74% |
| Return on Invested Capital | 10.92% |
| Return on Assets | -1.38% |
| Gross Margin | 31.82% |
| Operating Margin | 13.29% |
| Net Margin | -1.75% |
Financial Health
| Debt / Equity | 0.22 |
| Current Ratio | 1.25 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 3.31 |
Key Ratios (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | 64.75 | 13.14 | 6.62 | 13.49 | 14.02 | 17.55 | 14.79 | 16.57 | 20.18 | -60.06 |
| P/B | 1.86 | 2.17 | 1.62 | 1.65 | 2.17 | 2.72 | 2.26 | 2.13 | 2.87 | 2.42 |
| P/S | 0.61 | 0.75 | 0.70 | 0.98 | 1.61 | 1.55 | 1.36 | 1.24 | 1.95 | 1.57 |
| Gross Margin | 31.9% | 32.5% | 33.4% | 34.3% | 33.1% | 33.5% | 36.2% | 31.2% | 35.4% | 36.9% |
| Operating Margin | 7.1% | 8.9% | 10.1% | 10.3% | 10.6% | 11.2% | 11.5% | 9.0% | 10.6% | 12.4% |
| Net Margin | 1.0% | 5.7% | 10.5% | 7.1% | 11.4% | 8.9% | 9.2% | 7.5% | 9.5% | -2.6% |