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Fanuc

FANUY
54
Industrial - Machinery · Industrials
Price
$19.01
+0.03 (+0.16%)
Market Cap
$35.48B
Exchange
New York Stock Exchange
Winston Score
54
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Exceptional
Cash Flow
Weak
Stability
Good
Valuation
Good
Dividends
Weak

Share count falling — buybacks

2.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 1.91B (2022) → 1.87B (2026)

Winston Score History

The full picture

Fanuc Corporation is a Japanese company that makes machines that control other machines. Its three main products are CNC systems (the computers inside machine tools that cut metal with precision), industrial robots (used in car factories and electronics plants), and "ROBOMACHINE" factory equipment like drilling and injection-molding machines. Fanuc is one of the largest industrial robot makers in the world, with its yellow robots found in factories across the automotive and electronics industries.

Fanuc earns money by selling hardware — robots, controllers, and factory machines — mostly to manufacturers in Japan, China, Europe, and North America. China is its largest single market, which creates meaningful risk since any slowdown in Chinese factory investment hits revenue hard. Fanuc's moat comes from decades of engineering expertise, a massive installed base of equipment, and a reputation for reliability that makes factories reluctant to switch suppliers. The key growth driver is the long-term trend of factory automation, but near-term results depend heavily on capital spending cycles in the auto and electronics sectors.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+12.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+13.3% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

¥0/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

50.0%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

¥981.4B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Fanuc is a rare growth stock that's already generating positive cash flow while growing at 13%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
38.9%
Modest — 38.9% gross margin
Profit after running costs
Operating Margin
23.2%
Excellent — 23.2% operating margin
Return on the money invested
ROCE
10.5%
Below par — 10.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+13.7%
Fast-growing sales (+13.7% YoY)
Profit growth
EPS YoY
+16.5%
Earnings growing fast (+16.5% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
0%
Weak — only 0% of profit becomes cash
Spare cash per sale
FCF Margin
0.0%
Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
100.00x
Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
31.3x
Pricey — P/E 31.3

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+5.8
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (31.3 → 25.6)

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Dividends

Dividend
Dividend Yield
1.50%
Small dividend — 1.50% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-5.6%
Dividend cut (-5.6% YoY) — warning sign

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