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Toro (TTC) Financials

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$88.88 -0.58 (-0.65%)
Closing price 05/15/2026 03:59 PM Eastern
Extended Trading
$88.74 -0.13 (-0.15%)
As of 05/15/2026 04:40 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for Toro

Annual Income Statements for Toro

This table shows Toro's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 10/31/2025
Net Income / (Loss) Attributable to Common Shareholders
202 231 268 272 274 330 410 443 330 419 316
Consolidated Net Income / (Loss)
202 231 268 272 274 330 410 443 330 419 316
Net Income / (Loss) Continuing Operations
202 231 268 272 274 330 410 443 330 419 316
Total Pre-Tax Income
291 330 353 372 322 407 500 553 401 513 378
Total Operating Income
299 334 355 373 325 426 518 576 431 533 410
Total Gross Profit
836 875 921 941 1,048 1,190 1,339 1,505 1,578 1,549 1,505
Total Revenue
2,391 2,392 2,505 2,619 3,138 3,379 3,960 4,515 4,553 4,584 4,510
Operating Revenue
2,391 2,392 2,505 2,619 3,138 3,379 3,960 4,515 4,553 4,584 4,510
Total Cost of Revenue
1,555 1,518 1,584 1,678 2,090 2,189 2,621 3,010 2,976 3,035 3,006
Operating Cost of Revenue
1,555 1,518 1,584 1,678 2,090 2,189 2,621 3,010 2,976 3,035 3,006
Total Operating Expenses
537 540 566 568 723 763 820 929 1,147 1,016 1,095
Selling, General & Admin Expense
537 540 566 568 723 763 820 929 996 1,016 1,014
Impairment Charge
- - - - - - 0.00 0.00 151 0.00 81
Total Other Income / (Expense), net
-8.08 -3.94 -1.93 -0.69 -2.90 -19 -19 -23 -30 -21 -32
Interest Expense
19 19 19 19 29 33 29 36 59 62 59
Other Income / (Expense), net
11 15 17 18 26 14 10 13 29 41 27
Income Tax Expense
89 99 85 100 48 77 90 109 71 94 62
Basic Earnings per Share
$1.81 $2.10 $2.47 $2.56 $2.57 $3.06 $3.82 $4.23 $3.16 $4.04 $3.18
Weighted Average Basic Shares Outstanding
111.13M 109.83M 108.31M 106.37M 106.77M 107.66M 107.30M 104.80M 104.40M 103.80M 99.50M
Diluted Earnings per Share
$1.78 $2.06 $2.41 $2.50 $2.53 $3.03 $3.78 $4.20 $3.13 $4.01 $3.17
Weighted Average Diluted Shares Outstanding
113.51M 111.99M 111.25M 108.66M 108.09M 108.66M 108.50M 105.60M 105.30M 104.40M 99.80M
Weighted Average Basic & Diluted Shares Outstanding
111.40M 110M 108.40M 106.20M 106.83M 107.63M 104.49M 104.01M 103.87M 101.18M 97.90M
Cash Dividends to Common per Share
$0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.05 $1.20 $1.36 $1.44 $1.52

Quarterly Income Statements for Toro

This table shows Toro's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 8/4/2023 10/31/2023 2/2/2024 5/3/2024 8/2/2024 10/31/2024 1/31/2025 5/2/2025 8/1/2025 10/31/2025 1/30/2026
Net Income / (Loss) Attributable to Common Shareholders
-15 70 65 145 119 90 53 137 54 73 68
Consolidated Net Income / (Loss)
-15 70 65 145 119 90 53 137 54 73 68
Net Income / (Loss) Continuing Operations
-15 70 65 145 119 90 53 137 54 73 68
Total Pre-Tax Income
-29 87 80 179 144 109 66 169 58 85 87
Total Operating Income
-19 95 89 188 148 109 78 175 65 93 87
Total Gross Profit
372 330 345 453 403 349 336 437 382 351 337
Total Revenue
1,082 983 1,002 1,349 1,157 1,076 995 1,318 1,131 1,066 1,036
Operating Revenue
1,082 983 1,002 1,349 1,157 1,076 995 1,318 1,131 1,066 1,036
Total Cost of Revenue
709 654 657 896 754 727 659 881 750 716 700
Operating Cost of Revenue
709 654 657 896 754 727 659 881 750 716 700
Total Operating Expenses
392 235 256 265 255 240 258 262 317 258 249
Selling, General & Admin Expense
240 235 256 265 255 240 258 262 236 258 249
Total Other Income / (Expense), net
-9.50 -7.60 -8.50 -8.40 -3.90 0.30 -12 -6.10 -7.00 -7.50 -0.20
Interest Expense
15 15 16 17 15 15 15 16 15 13 14
Other Income / (Expense), net
5.50 7.30 7.70 8.30 11 15 3.30 9.70 8.10 5.70 14
Income Tax Expense
-14 17 15 34 25 19 13 32 4.30 12 19
Basic Earnings per Share
($0.14) $0.68 $0.62 $1.39 $1.15 $0.88 $0.52 $1.37 $0.54 $0.75 $0.69
Weighted Average Basic Shares Outstanding
104.30M 104.40M 104.40M 104.40M 104M 103.80M 101.30M 99.80M 98.80M 99.50M 98M
Diluted Earnings per Share
($0.14) $0.67 $0.62 $1.38 $1.14 $0.87 $0.52 $1.37 $0.54 $0.74 $0.69
Weighted Average Diluted Shares Outstanding
104.30M 105.30M 104.70M 104.90M 104.50M 104.40M 101.70M 100.10M 99M 99.80M 98.30M
Weighted Average Basic & Diluted Shares Outstanding
103.84M 103.87M 104.41M 103.87M 102.61M 101.18M 99.82M 98.69M 97.86M 97.90M 96.93M
Cash Dividends to Common per Share
$0.34 - $0.36 $0.36 $0.36 - $0.38 $0.38 $0.38 - $0.39

Annual Cash Flow Statements for Toro

This table details how cash moves in and out of Toro's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 10/31/2025
Net Change in Cash & Equivalents
-189 147 32 -21 -137 328 -74 -217 4.90 6.40 142
Net Cash From Operating Activities
250 384 361 365 337 539 556 297 307 570 662
Net Cash From Continuing Operating Activities
250 384 361 365 337 539 556 297 307 570 662
Net Income / (Loss) Continuing Operations
202 231 268 272 274 330 410 443 330 419 316
Consolidated Net Income / (Loss)
202 231 268 272 274 330 410 443 330 419 316
Depreciation Expense
63 64 55 53 69 76 76 75 84 94 112
Amortization Expense
- - 10 7.79 18 20 24 34 36 35 31
Non-Cash Adjustments To Reconcile Net Income
6.62 10 12 11 58 24 21 3.30 159 22 114
Changes in Operating Assets and Liabilities, net
-22 79 16 21 -82 90 25 -258 -301 1.30 89
Net Cash From Investing Activities
-255 -49 -84 -128 -773 -216 -129 -548 -158 -60 -77
Net Cash From Continuing Investing Activities
-255 -49 -84 -128 -773 -216 -129 -548 -158 -60 -77
Purchase of Property, Plant & Equipment
-56 -51 -58 -90 -93 -78 -104 -144 -150 -104 -84
Acquisitions
-198 0.00 -24 -31 -697 -138 -52 -410 -21 -0.80 -4.20
Sale of Property, Plant & Equipment
0.18 0.31 0.20 0.15 4.67 0.22 1.00 0.20 0.40 0.30 0.80
Divestitures
0.00 1.50 0.00 0.00 13 0.00 27 4.60 5.30 40 9.70
Other Investing Activities, net
- - - - - - 0.00 0.00 7.10 4.30 0.00
Net Cash From Financing Activities
-182 -183 -245 -252 299 2.35 -504 42 -148 -505 -446
Net Cash From Continuing Financing Activities
-182 -183 -245 -252 299 2.35 -504 42 -148 -505 -446
Repayment of Debt
-29 -25 -19 -20 -511 -546 -370 0.00 -517 -580 -1,044
Repurchase of Common Equity
-106 -110 -159 -160 -20 0.00 -302 -140 -60 -246 -290
Payment of Dividends
-56 -66 -76 -85 -96 -108 -112 -126 -142 -150 -151
Issuance of Debt
- - 0.00 0.00 900 636 270 300 555 465 1,040
Other Financing Activities, net
8.20 18 8.98 13 27 20 11 7.90 16 5.20 -0.80
Effect of Exchange Rate Changes
-1.85 -5.16 - -5.94 -1.22 2.41 2.40 -8.50 3.30 1.30 3.00
Cash Interest Paid
18 20 19 20 30 34 32 31 61 63 63
Cash Income Taxes Paid
77 82 97 76 55 70 102 121 165 92 106

Quarterly Cash Flow Statements for Toro

This table details how cash moves in and out of Toro's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 8/4/2023 10/31/2023 2/2/2024 5/3/2024 8/2/2024 10/31/2024 1/31/2025 5/2/2025 8/1/2025 10/31/2025 1/30/2026
Net Change in Cash & Equivalents
-3.40 45 5.40 -9.70 32 -22 -28 5.20 25 140 -152
Net Cash From Operating Activities
93 152 -92 227 195 240 -49 172 226 313 26
Net Cash From Continuing Operating Activities
93 152 -92 227 195 240 -49 172 226 313 26
Net Income / (Loss) Continuing Operations
-15 70 65 145 119 90 53 137 54 73 68
Consolidated Net Income / (Loss)
-15 70 65 145 119 90 53 137 54 73 68
Depreciation Expense
18 27 22 21 22 28 24 24 25 40 23
Amortization Expense
8.90 8.90 8.70 8.80 8.80 8.20 7.90 7.70 7.60 7.50 10
Non-Cash Adjustments To Reconcile Net Income
160 2.00 12 3.10 9.00 -2.30 6.40 2.30 98 7.20 0.10
Changes in Operating Assets and Liabilities, net
-79 44 -200 49 36 116 -140 1.10 42 186 -75
Net Cash From Investing Activities
-57 -39 -19 -18 -5.90 -16 -19 -23 -8.30 -27 -210
Net Cash From Continuing Investing Activities
-57 -39 -19 -18 -5.90 -16 -19 -23 -8.30 -27 -210
Purchase of Property, Plant & Equipment
-36 -44 -19 -20 -24 -40 -19 -19 -19 -27 -12
Acquisitions
- - - - - - 0.00 - - - -210
Sale of Property, Plant & Equipment
0.10 - - 0.10 0.10 0.10 0.00 - 0.60 - 11
Net Cash From Financing Activities
-50 -65 114 -218 -157 -245 45 -150 -193 -148 25
Net Cash From Continuing Financing Activities
-50 -65 114 -218 -157 -245 45 -150 -193 -148 25
Repayment of Debt
0.10 40 -2.60 -0.10 -0.70 -112 -186 -567 -165 -311 -70
Repurchase of Common Equity
-36 - 0.00 - -99 -136 -100 -100 -90 - -95
Payment of Dividends
-35 -35 -38 -38 -38 -37 -39 -38 -38 -37 -38
Issuance of Debt
20 -70 155 -170 -25 40 370 555 100 200 220
Other Financing Activities, net
0.80 0.30 -0.70 0.10 5.30 0.50 -0.90 0.40 -0.70 0.40 8.30
Effect of Exchange Rate Changes
10 -3.30 2.60 -1.10 0.60 -0.80 -5.10 6.30 0.20 1.60 7.20

Annual Balance Sheets for Toro

This table presents Toro's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 10/31/2025
Total Assets
1,304 1,385 1,494 1,571 2,331 2,853 2,936 3,556 3,644 3,583 3,439
Total Current Assets
673 779 860 895 1,123 1,428 1,489 1,675 1,799 1,765 1,705
Cash & Equivalents
126 274 310 289 152 480 406 188 193 200 341
Accounts Receivable
171 158 176 185 242 497 284 308 384 437 378
Inventories, net
335 307 329 358 652 652 738 1,051 1,088 1,039 921
Prepaid Expenses
35 35 38 54 51 34 35 103 111 67 65
Plant, Property, & Equipment, net
225 222 235 271 437 468 488 572 642 645 616
Total Noncurrent Assets
406 384 399 405 770 958 959 1,309 1,204 1,173 1,118
Long-Term Investments
- - - - 24 20 21 39 51 49 41
Goodwill
196 195 205 225 362 424 422 583 451 450 451
Intangible Assets
119 108 104 106 352 408 420 586 540 499 390
Noncurrent Deferred & Refundable Income Taxes
67 57 64 38 6.25 6.47 5.80 5.30 14 45 106
Other Noncurrent Operating Assets
25 23 26 36 25 99 91 95 148 130 130
Total Liabilities & Shareholders' Equity
1,304 1,385 1,494 1,571 2,331 2,853 2,936 3,556 3,644 3,583 3,439
Total Liabilities
841 835 877 902 1,471 1,738 1,785 2,204 2,133 2,031 1,986
Total Current Liabilities
444 464 522 533 757 856 937 1,064 949 976 912
Short-Term Debt
23 22 26 0.00 80 100 - - 0.00 10 0.00
Accounts Payable
152 175 212 257 319 364 503 579 430 453 368
Accrued Expenses
208 207 218 218 271 308 305 356 389 423 526
Other Current Liabilities
- 7.93 7.54 - 0.00 15 14 16 20 20 19
Total Noncurrent Liabilities
398 371 355 369 714 883 848 1,141 1,185 1,055 1,073
Long-Term Debt
355 328 306 313 621 691 691 991 1,032 912 922
Noncurrent Deferred & Payable Income Tax Liabilities
0.01 0.00 1.73 1.40 51 70 50 44 0.40 0.50 0.80
Other Noncurrent Operating Liabilities
32 30 23 55 43 121 106 106 153 143 151
Total Equity & Noncontrolling Interests
462 550 617 669 860 1,115 1,151 1,352 1,511 1,552 1,453
Total Preferred & Common Equity
462 550 617 669 860 1,115 1,151 1,352 1,511 1,552 1,453
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
462 550 617 669 860 1,115 1,151 1,352 1,511 1,552 1,453
Common Stock
109 108 107 106 107 108 105 104 104 102 98
Retained Earnings
383 480 534 587 785 1,042 1,072 1,281 1,444 1,496 1,391
Accumulated Other Comprehensive Income / (Loss)
-30 -38 -24 -24 -32 -34 -26 -33 -37 -46 -35

Quarterly Balance Sheets for Toro

This table presents Toro's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 7/29/2022 2/3/2023 5/5/2023 8/4/2023 2/2/2024 5/3/2024 8/2/2024 1/31/2025 5/2/2025 8/1/2025 1/30/2026
Total Assets
3,440 3,655 3,741 3,586 3,801 3,852 3,731 3,697 3,788 3,520 3,703
Total Current Assets
1,604 1,758 1,827 1,732 1,967 2,019 1,914 1,896 1,979 1,794 1,737
Cash & Equivalents
232 174 151 148 199 189 221 171 177 201 189
Accounts Receivable
351 377 462 391 489 623 532 494 603 473 486
Inventories, net
939 1,131 1,128 1,113 1,177 1,105 1,082 1,143 1,120 1,036 984
Prepaid Expenses
83 75 86 81 102 102 79 88 80 84 78
Plant, Property, & Equipment, net
532 584 606 625 639 638 636 638 636 629 637
Total Noncurrent Assets
1,304 1,313 1,309 1,229 1,195 1,195 1,182 1,163 1,173 1,097 1,330
Long-Term Investments
31 46 53 49 48 52 46 48 51 41 41
Goodwill
584 585 585 451 451 451 450 450 451 451 592
Intangible Assets
595 577 568 549 532 523 512 491 487 399 446
Noncurrent Deferred & Refundable Income Taxes
0.96 12 11 42 20 31 38 46 59 86 118
Other Noncurrent Operating Assets
92 94 91 138 144 139 135 128 126 120 133
Total Liabilities & Shareholders' Equity
3,440 3,655 3,741 3,586 3,801 3,852 3,731 3,697 3,788 3,520 3,703
Total Liabilities
2,153 2,211 2,181 2,109 2,253 2,201 2,095 2,229 2,312 2,109 2,283
Total Current Liabilities
1,011 988 1,024 908 922 1,049 984 993 1,091 956 1,029
Short-Term Debt
65 0.00 0.00 0.00 6.80 14 25 15 20 20 10
Accounts Payable
487 475 515 407 422 512 438 447 516 385 437
Accrued Expenses
444 497 493 482 475 503 502 511 537 534 560
Other Current Liabilities
16 16 16 18 19 20 20 20 19 17 22
Total Noncurrent Liabilities
1,142 1,223 1,157 1,201 1,331 1,152 1,111 1,236 1,220 1,153 1,255
Long-Term Debt
991 1,091 1,041 1,061 1,180 1,003 967 1,092 1,077 1,012 1,062
Noncurrent Deferred & Payable Income Tax Liabilities
50 31 19 0.10 0.40 0.40 0.40 0.50 0.60 0.60 20
Other Noncurrent Operating Liabilities
101 100 98 140 151 148 144 144 143 140 173
Total Equity & Noncontrolling Interests
1,287 1,444 1,560 1,477 1,548 1,651 1,636 1,468 1,477 1,411 1,419
Total Preferred & Common Equity
1,287 1,444 1,560 1,477 1,548 1,651 1,636 1,468 1,477 1,411 1,419
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
1,287 1,444 1,560 1,477 1,548 1,651 1,636 1,468 1,477 1,411 1,419
Common Stock
104 104 104 104 104 104 103 100 99 98 97
Retained Earnings
1,214 1,369 1,485 1,404 1,479 1,583 1,576 1,415 1,420 1,351 1,340
Accumulated Other Comprehensive Income / (Loss)
-31 -29 -29 -31 -35 -36 -43 -47 -42 -38 -17

Annual Metrics And Ratios for Toro

This table displays calculated financial ratios and metrics derived from Toro's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 10/31/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
10.04% 0.05% 4.72% 4.53% 19.84% 7.67% 17.19% 14.02% 0.85% 0.67% -1.60%
EBITDA Growth
14.74% 10.98% 5.65% 3.54% -3.12% 22.15% 17.16% 11.02% -17.02% 21.52% -17.54%
EBIT Growth
13.95% 12.91% 6.43% 5.16% -10.35% 25.43% 20.05% 11.30% -21.93% 25.15% -24.01%
NOPAT Growth
16.12% 12.82% 15.16% 1.21% 1.47% 24.91% 23.09% 8.67% -23.24% 22.87% -21.23%
Net Income Growth
15.94% 14.59% 15.90% 1.58% 0.75% 20.34% 24.32% 8.15% -25.63% 27.05% -24.54%
EPS Growth
15.94% 15.73% 16.99% 3.73% 1.20% 19.76% 24.75% 11.11% -25.48% 28.12% -20.95%
Operating Cash Flow Growth
36.86% 53.97% -6.12% 1.12% -7.52% 59.88% 2.99% -46.50% 3.23% 85.76% 16.16%
Free Cash Flow Firm Growth
-135.06% 937.65% -19.50% -17.96% -297.70% 114.85% 995.18% -135.61% 170.43% 198.57% 13.54%
Invested Capital Growth
52.37% -12.13% 1.80% 9.53% 99.31% 20.31% -15.22% 49.52% 8.65% -3.20% -10.53%
Revenue Q/Q Growth
2.87% -0.52% 0.82% 1.97% 6.63% 3.26% 3.12% 4.91% -3.98% 2.06% -0.22%
EBITDA Q/Q Growth
5.67% 1.88% 0.97% 3.39% 2.23% 9.16% -3.02% 13.27% -7.48% 3.31% -2.51%
EBIT Q/Q Growth
6.12% 2.06% 1.27% -0.83% 1.05% 11.25% -3.70% 15.37% -10.31% 3.96% -5.54%
NOPAT Q/Q Growth
6.38% 3.03% 1.00% 1.65% -0.22% 12.41% -2.73% 14.70% -11.70% 3.13% -2.88%
Net Income Q/Q Growth
6.70% 2.98% 1.37% 1.95% -0.28% 11.47% -2.86% 14.87% -12.53% 4.91% -5.08%
EPS Q/Q Growth
6.70% 0.98% -1.23% -0.79% -1.56% 10.99% -2.33% 15.07% -12.32% 5.25% -3.94%
Operating Cash Flow Q/Q Growth
34.07% -0.33% 1.07% 6.21% -7.46% 40.41% -21.83% 27.59% 3.18% 18.26% 12.39%
Free Cash Flow Firm Q/Q Growth
55.88% 2.24% -2.55% -0.63% -2.73% -64.51% 15.11% 19.87% 22.95% 26.24% 12.75%
Invested Capital Q/Q Growth
-3.68% -4.19% -2.74% -1.72% -0.13% 9.77% 3.50% 2.27% -1.35% -5.27% -9.09%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
34.96% 36.56% 36.76% 35.94% 33.40% 35.21% 33.80% 33.33% 34.65% 33.80% 33.36%
EBITDA Margin
15.60% 17.30% 17.46% 17.29% 13.98% 15.86% 15.86% 15.44% 12.70% 15.33% 12.85%
Operating Margin
12.51% 13.98% 14.18% 14.25% 10.36% 12.62% 13.09% 12.75% 9.46% 11.63% 9.09%
EBIT Margin
12.96% 14.62% 14.86% 14.95% 11.18% 13.03% 13.35% 13.03% 10.09% 12.54% 9.68%
Profit (Net Income) Margin
8.43% 9.66% 10.69% 10.38% 8.73% 9.76% 10.35% 9.82% 7.24% 9.14% 7.01%
Tax Burden Percent
69.27% 69.90% 75.80% 73.02% 85.05% 80.99% 82.01% 80.24% 82.32% 81.69% 83.71%
Interest Burden Percent
93.95% 94.47% 94.87% 95.12% 91.78% 92.47% 94.57% 93.93% 87.22% 89.23% 86.47%
Effective Tax Rate
30.73% 30.10% 24.20% 26.98% 14.95% 19.01% 17.99% 19.76% 17.68% 18.31% 16.29%
Return on Invested Capital (ROIC)
35.04% 34.85% 42.52% 40.71% 26.40% 22.48% 27.43% 26.03% 15.98% 19.16% 16.20%
ROIC Less NNEP Spread (ROIC-NNEP)
31.45% 33.18% 39.57% 38.79% 25.53% 19.64% 23.79% 22.47% 12.82% 16.91% 11.81%
Return on Net Nonoperating Assets (RNNOA)
11.26% 10.79% 3.36% 1.58% 9.45% 10.91% 8.75% 9.39% 7.05% 8.19% 4.84%
Return on Equity (ROE)
46.30% 45.64% 45.88% 42.29% 35.85% 33.40% 36.18% 35.42% 23.04% 27.35% 21.04%
Cash Return on Invested Capital (CROIC)
-6.47% 47.76% 40.74% 31.62% -39.95% 4.05% 43.90% -13.66% 7.69% 22.41% 27.31%
Operating Return on Assets (OROA)
24.82% 26.02% 25.87% 25.55% 17.99% 16.98% 18.26% 18.12% 12.76% 15.90% 12.44%
Return on Assets (ROA)
16.15% 17.19% 18.60% 17.75% 14.04% 12.72% 14.16% 13.66% 9.16% 11.59% 9.00%
Return on Common Equity (ROCE)
46.30% 45.64% 45.88% 42.29% 35.85% 33.40% 36.18% 35.42% 23.04% 27.35% 21.04%
Return on Equity Simple (ROE_SIMPLE)
43.62% 42.00% 43.38% 40.65% 31.87% 29.57% 35.61% 32.80% 21.82% 26.99% 0.00%
Net Operating Profit after Tax (NOPAT)
207 234 269 272 276 345 425 462 355 436 343
NOPAT Margin
8.67% 9.77% 10.74% 10.40% 8.81% 10.22% 10.74% 10.23% 7.79% 9.50% 7.61%
Net Nonoperating Expense Percent (NNEP)
3.59% 1.67% 2.95% 1.92% 0.87% 2.85% 3.64% 3.56% 3.16% 2.26% 4.39%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 19.72% 13.95% 17.61% 14.45%
Cost of Revenue to Revenue
65.04% 63.44% 63.24% 64.07% 66.61% 64.79% 66.20% 66.67% 65.35% 66.20% 66.64%
SG&A Expenses to Revenue
22.45% 22.58% 22.58% 21.69% 23.04% 22.59% 20.71% 20.58% 21.87% 22.17% 22.48%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
22.45% 22.58% 22.58% 21.69% 23.04% 22.59% 20.71% 20.58% 25.19% 22.17% 24.28%
Earnings before Interest and Taxes (EBIT)
310 350 372 391 351 440 529 588 459 575 437
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
373 414 437 453 439 536 628 697 578 703 580
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
7.95 8.60 10.03 8.23 8.98 7.52 8.49 7.89 5.47 5.32 5.03
Price to Tangible Book Value (P/TBV)
24.90 19.14 20.08 16.29 53.24 29.68 31.59 58.42 15.89 13.70 11.95
Price to Revenue (P/Rev)
1.54 1.98 2.47 2.10 2.46 2.48 2.47 2.36 1.82 1.80 1.62
Price to Earnings (P/E)
18.24 20.48 23.12 20.24 28.17 25.43 23.84 24.06 25.07 19.71 23.14
Dividend Yield
1.49% 1.39% 1.22% 1.53% 1.24% 1.28% 1.14% 1.17% 1.71% 1.79% 2.03%
Earnings Yield
5.48% 4.88% 4.33% 4.94% 3.55% 3.93% 4.19% 4.16% 3.99% 5.07% 4.32%
Enterprise Value to Invested Capital (EV/IC)
5.50 7.66 9.73 7.90 5.91 5.17 7.06 5.38 3.92 3.99 3.92
Enterprise Value to Revenue (EV/Rev)
1.64 2.01 2.48 2.11 2.63 2.57 2.54 2.53 1.99 1.95 1.74
Enterprise Value to EBITDA (EV/EBITDA)
10.53 11.61 14.21 12.21 18.79 16.19 15.99 16.40 15.65 12.71 13.55
Enterprise Value to EBIT (EV/EBIT)
12.68 13.74 16.68 14.12 23.48 19.70 18.99 19.43 19.71 15.54 17.98
Enterprise Value to NOPAT (EV/NOPAT)
18.96 20.57 23.08 20.29 29.81 25.12 23.61 24.75 25.53 20.50 22.89
Enterprise Value to Operating Cash Flow (EV/OCF)
15.74 12.51 17.22 15.15 24.43 16.08 18.07 38.46 29.51 15.67 11.86
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 15.00 24.09 26.13 0.00 139.63 14.75 0.00 53.05 17.53 13.57
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.82 0.64 0.54 0.47 0.82 0.71 0.60 0.73 0.68 0.59 0.63
Long-Term Debt to Equity
0.77 0.60 0.50 0.47 0.72 0.62 0.60 0.73 0.68 0.59 0.63
Financial Leverage
0.36 0.33 0.08 0.04 0.37 0.56 0.37 0.42 0.55 0.48 0.41
Leverage Ratio
2.87 2.66 2.47 2.38 2.55 2.63 2.55 2.59 2.52 2.36 2.34
Compound Leverage Factor
2.69 2.51 2.34 2.27 2.34 2.43 2.42 2.44 2.19 2.11 2.02
Debt to Total Capital
45.00% 38.95% 34.97% 31.85% 44.91% 41.51% 37.52% 42.30% 40.57% 37.26% 38.80%
Short-Term Debt to Total Capital
2.78% 2.50% 2.77% 0.00% 5.12% 5.24% 0.00% 0.00% 0.00% 0.40% 0.00%
Long-Term Debt to Total Capital
42.22% 36.46% 32.21% 31.85% 39.79% 36.27% 37.52% 42.30% 40.57% 36.86% 38.80%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
55.00% 61.05% 65.03% 68.15% 55.09% 58.49% 62.48% 57.70% 59.43% 62.74% 61.20%
Debt to EBITDA
1.01 0.85 0.76 0.69 1.60 1.48 1.10 1.42 1.78 1.31 1.59
Net Debt to EBITDA
0.68 0.19 0.05 0.05 1.20 0.54 0.42 1.10 1.36 0.96 0.93
Long-Term Debt to EBITDA
0.95 0.79 0.70 0.69 1.42 1.29 1.10 1.42 1.78 1.30 1.59
Debt to NOPAT
1.83 1.50 1.23 1.15 2.54 2.29 1.63 2.15 2.91 2.12 2.69
Net Debt to NOPAT
1.22 0.33 0.08 0.09 1.90 0.84 0.62 1.65 2.22 1.55 1.57
Long-Term Debt to NOPAT
1.71 1.41 1.14 1.15 2.25 2.00 1.63 2.15 2.91 2.09 2.69
Altman Z-Score
5.86 6.72 7.51 6.95 5.65 5.34 5.96 5.43 4.82 5.10 4.78
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.52 1.68 1.65 1.68 1.48 1.67 1.59 1.58 1.90 1.81 1.87
Quick Ratio
0.68 0.94 0.95 0.91 0.56 1.17 0.76 0.49 0.63 0.68 0.79
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-38 320 258 212 -418 62 680 -242 171 510 579
Operating Cash Flow to CapEx
444.15% 762.27% 621.15% 405.46% 382.45% 692.82% 539.32% 207.40% 205.77% 552.23% 798.55%
Free Cash Flow to Firm to Interest Expense
-2.04 16.57 13.49 11.08 -14.51 1.87 23.71 -6.79 2.91 8.23 9.79
Operating Cash Flow to Interest Expense
13.31 19.87 18.87 19.10 11.70 16.27 19.36 8.32 5.23 9.21 11.20
Operating Cash Flow Less CapEx to Interest Expense
10.31 17.27 15.84 14.39 8.64 13.92 15.77 4.31 2.69 7.54 9.80
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.92 1.78 1.74 1.71 1.61 1.30 1.37 1.39 1.26 1.27 1.28
Accounts Receivable Turnover
14.82 14.54 15.00 14.50 14.68 9.14 10.15 15.27 13.17 11.17 11.41
Inventory Turnover
5.11 4.73 4.98 4.88 4.14 3.36 3.77 3.36 2.78 2.85 3.07
Fixed Asset Turnover
11.12 10.70 10.96 10.34 8.85 7.47 8.29 8.52 7.50 7.13 7.16
Accounts Payable Turnover
11.26 9.29 8.20 7.16 7.26 6.41 6.05 5.56 5.90 6.88 7.33
Days Sales Outstanding (DSO)
24.63 25.11 24.33 25.17 24.86 39.93 35.98 23.91 27.72 32.68 32.00
Days Inventory Outstanding (DIO)
71.49 77.15 73.26 74.76 88.18 108.72 96.82 108.48 131.18 127.90 118.99
Days Payable Outstanding (DPO)
32.43 39.29 44.51 50.95 50.28 56.96 60.37 65.59 61.87 53.09 49.81
Cash Conversion Cycle (CCC)
63.69 62.97 53.08 48.98 62.77 91.70 72.43 66.80 97.04 107.50 101.18
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
714 627 639 700 1,394 1,678 1,422 2,126 2,310 2,236 2,001
Invested Capital Turnover
4.04 3.57 3.96 3.91 3.00 2.20 2.55 2.54 2.05 2.02 2.13
Increase / (Decrease) in Invested Capital
245 -87 11 61 695 283 -255 704 184 -74 -235
Enterprise Value (EV)
3,928 4,807 6,212 5,527 8,242 8,675 10,038 11,431 9,053 8,932 7,853
Market Capitalization
3,676 4,730 6,190 5,504 7,717 8,383 9,773 10,668 8,265 8,258 7,313
Book Value per Share
$8.43 $10.06 $5.73 $6.34 $8.06 $10.39 $10.81 $12.97 $14.55 $15.12 $14.85
Tangible Book Value per Share
$2.69 $4.52 $2.86 $3.20 $1.36 $2.63 $2.91 $1.75 $5.01 $5.88 $6.25
Total Capital
840 901 949 981 1,560 1,906 1,842 2,343 2,542 2,474 2,375
Total Debt
378 351 332 313 701 791 691 991 1,032 922 922
Total Long-Term Debt
355 328 306 313 621 691 691 991 1,032 912 922
Net Debt
252 77 22 23 525 291 265 763 788 673 540
Capital Expenditures (CapEx)
56 50 58 90 88 78 103 143 149 103 83
Debt-free, Cash-free Net Working Capital (DFCFNWC)
126 64 54 73 294 192 147 424 657 599 452
Debt-free Net Working Capital (DFNWC)
252 338 364 362 446 672 552 612 850 799 793
Net Working Capital (NWC)
229 315 338 362 366 572 552 612 850 789 793
Net Nonoperating Expense (NNE)
5.60 2.75 1.46 0.50 2.46 16 15 19 25 17 27
Net Nonoperating Obligations (NNO)
252 77 22 31 535 563 271 775 799 685 548
Total Depreciation and Amortization (D&A)
63 64 65 61 88 96 99 109 119 128 143
Debt-free, Cash-free Net Working Capital to Revenue
5.27% 2.68% 2.16% 2.78% 9.37% 5.68% 3.70% 9.38% 14.43% 13.08% 10.01%
Debt-free Net Working Capital to Revenue
10.55% 14.11% 14.54% 13.82% 14.21% 19.88% 13.95% 13.55% 18.67% 17.43% 17.57%
Net Working Capital to Revenue
9.57% 13.18% 13.50% 13.82% 11.66% 16.92% 13.95% 13.55% 18.67% 17.21% 17.57%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.82 $2.10 $2.47 $2.56 $2.57 $3.06 $3.82 $4.23 $3.16 $4.04 $3.18
Adjusted Weighted Average Basic Shares Outstanding
111.13M 109.83M 108.31M 106.37M 106.77M 107.66M 107.34M 104.82M 104.40M 103.80M 99.50M
Adjusted Diluted Earnings per Share
$1.78 $2.06 $2.41 $2.50 $2.53 $3.03 $3.78 $4.20 $3.13 $4.01 $3.17
Adjusted Weighted Average Diluted Shares Outstanding
113.51M 111.99M 111.25M 108.66M 108.09M 108.66M 108.47M 105.65M 105.30M 104.40M 99.80M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
109.48M 108.11M 106.62M 105.83M 106.83M 107.63M 104.49M 104.01M 103.87M 101.18M 97.90M
Normalized Net Operating Profit after Tax (NOPAT)
207 234 269 272 276 345 425 462 479 436 411
Normalized NOPAT Margin
8.67% 9.77% 10.74% 10.40% 8.81% 10.22% 10.74% 10.23% 10.52% 9.50% 9.11%
Pre Tax Income Margin
12.17% 13.81% 14.10% 14.22% 10.27% 12.05% 12.62% 12.24% 8.80% 11.19% 8.37%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
16.52 18.09 19.48 20.50 12.17 13.28 18.41 16.48 7.82 9.28 7.39
NOPAT to Interest Expense
11.05 12.09 14.08 14.27 9.59 10.42 14.81 12.94 6.04 7.04 5.81
EBIT Less CapEx to Interest Expense
13.52 15.48 16.44 15.79 9.11 10.93 14.83 12.46 5.28 7.62 5.99
NOPAT Less CapEx to Interest Expense
8.05 9.48 11.04 9.56 6.53 8.07 11.22 8.92 3.50 5.37 4.40
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
27.56% 28.52% 28.30% 31.27% 35.09% 32.67% 27.42% 28.36% 43.04% 35.69% 47.80%
Augmented Payout Ratio
80.12% 76.14% 87.82% 90.27% 42.40% 32.67% 101.17% 59.94% 61.24% 94.29% 139.54%

Quarterly Metrics And Ratios for Toro

This table displays calculated financial ratios and metrics derived from Toro's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 8/4/2023 10/31/2023 2/2/2024 5/3/2024 8/2/2024 10/31/2024 1/31/2025 5/2/2025 8/1/2025 10/31/2025 1/30/2026
DEI Shares Outstanding
- - - - - - - - - - 97,904,689.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 97,904,689.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - 0.69
Growth Metrics
- - - - - - - - - - -
Profitability Metrics
- - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)
-13 76 72 152 123 90 62 142 60 79 68
Return On Investment Capital (ROIC_SIMPLE)
- 3.01% 2.63% - - 3.62% 2.41% 5.51% 2.45% 3.35% 2.73%
Earnings before Interest and Taxes (EBIT)
-14 102 96 196 159 124 81 185 73 98 101
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
14 138 127 226 190 160 113 216 105 145 134
Valuation Ratios
- - - - - - - - - - -
Leverage & Solvency
- - - - - - - - - - -
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-276 -107 -100 121 104 164 195 223 220 315 162
Efficiency Ratios
- - - - - - - - - - -
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
2,342 2,310 2,488 2,428 2,361 2,236 2,355 2,346 2,201 2,001 2,261
Increase / (Decrease) in Invested Capital
263 184 172 31 19 -74 -132 -82 -160 -235 -94
Book Value per Share
$14.22 $14.55 $14.83 $15.82 $15.75 $15.12 $14.50 $14.79 $14.30 $14.85 $14.50
Tangible Book Value per Share
$4.59 $5.01 $5.41 $6.49 $6.49 $5.88 $5.21 $5.39 $5.69 $6.25 $3.90
Total Capital
2,538 2,542 2,735 2,668 2,628 2,474 2,575 2,574 2,443 2,375 2,491
Total Debt
1,061 1,032 1,187 1,017 992 922 1,107 1,097 1,032 922 1,072
Total Long-Term Debt
1,061 1,032 1,180 1,003 967 912 1,092 1,077 1,012 922 1,062
Net Debt
865 788 940 776 724 673 888 869 790 540 842
Capital Expenditures (CapEx)
36 44 19 20 24 40 19 19 18 27 0.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)
676 657 853 795 734 599 747 731 657 452 529
Debt-free Net Working Capital (DFNWC)
824 850 1,051 984 955 799 918 908 858 793 718
Net Working Capital (NWC)
824 850 1,045 971 930 789 903 888 838 793 708
Net Nonoperating Expense (NNE)
1.63 6.14 6.89 6.79 3.23 -0.25 9.35 4.95 6.48 6.44 0.16
Net Nonoperating Obligations (NNO)
865 799 940 776 724 685 888 869 790 548 842
Total Depreciation and Amortization (D&A)
27 36 31 30 31 36 32 32 32 47 33
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.14) $0.68 $0.62 $1.39 $1.15 $0.88 $0.52 $1.37 $0.54 $0.75 $0.69
Adjusted Weighted Average Basic Shares Outstanding
104.29M 104.40M 104.40M 104.40M 104M 103.80M 101.30M 99.80M 98.80M 99.50M 98M
Adjusted Diluted Earnings per Share
($0.14) $0.67 $0.62 $1.38 $1.14 $0.87 $0.52 $1.37 $0.54 $0.74 $0.69
Adjusted Weighted Average Diluted Shares Outstanding
104.29M 105.30M 104.70M 104.90M 104.50M 104.40M 101.70M 100.10M 99M 99.80M 98.30M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
103.84M 103.87M 104.41M 103.87M 102.61M 101.18M 99.82M 98.69M 97.86M 97.90M 96.93M
Normalized Net Operating Profit after Tax (NOPAT)
93 76 72 152 123 90 62 142 135 79 68
Debt Service Ratios
- - - - - - - - - - -
Payout Ratios
- - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

MarketBeat: Toro (NYSE: TTC) has delivered a set of quarterly results in 2025 that show a notable improvement in cash generation and a generally stable profitability profile, despite some quarter-to-quarter volatility. Below is a concise, data-driven look at the last four years of TTC’s quarterly statements, focusing on the four most recent years (2022–2025) and highlighting meaningful trends for retail investors.

  • Cash flow from operating activities (CFO) has strengthened meaningfully in 2025, rising from negative or low levels earlier in the year to +$313.1 million in Q4 2025, signaling improved core operating cash generation.
  • Free cash flow (FCF) turned positive in mid-2025 and remained strong through Q4 2025 (roughly +$152M in Q2, +$207M in Q3, +$286M in Q4), reflecting how TTC is converting earnings into cash after capital expenditures.
  • Gross margin has remained in the low- to mid-30s across 2025, generally around 33%, indicating a stable profitability backdrop despite quarterly swings in revenue and expenses.
  • Toro has continued to return capital to shareholders in 2025 via share repurchases and a steady dividend per share (cash dividends per share about $0.38), supporting per-share value for investors even as quarterly earnings vary.
  • Revenue dynamics show seasonality and quarterly fluctuations, with peak revenue typically appearing in mid-year quarters and easing in later quarters, which can create uneven quarterly comparisons but may reflect normal seasonal demand for outdoor equipment.
  • Long-term debt in the roughly $1.0–1.1 billion range has been relatively stable, with occasional issuances and repayments, suggesting a moderate leverage profile rather than aggressive balance-sheet risk.
  • Operating working capital swings (changes in assets and liabilities) have contributed to quarterly variability in cash flow, underscoring the importance of monitoring working-capital management as a driver of cash generation.
  • Impairment charges occurred in 2025 Q3 (about $81.1 million), a one-time non-cash hit that reduced operating income and pretax profitability for that quarter.
  • Financing activities consistently produced net cash outflows in several quarters (debt repayments, dividends, and share repurchases), which can pressure near-term liquidity if CFO or operating momentum weakens and may warrant watching TTC’s ability to fund activity without compromising cash reserves.

Overall takeaway for investors: TTC has demonstrated meaningful improvement in cash generation in 2025, with expanding CFO and positive FCF in the back half of the year. The company’s margins have remained relatively steady, and capital returns to shareholders have continued. However, investors should note the 2025 Q3 impairment and the ongoing reliance on financing activities as a planned source of cash for buybacks and dividends. If TTC can sustain positive CFO and FCF while managing leverage and one-time items, the stock could benefit from a more predictable cash-generation profile going into 2026.

05/17/26 03:47 PM ETAI Generated. May Contain Errors.

Toro Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Toro's financial year ends in October. Their financial year 2025 ended on October 31, 2025.

Toro's net income appears to be on an upward trend, with a most recent value of $316.10 million in 2025, rising from $201.59 million in 2015. The previous period was $418.90 million in 2024. Find out what analysts predict for Toro in the coming months.

Toro's total operating income in 2025 was $409.90 million, based on the following breakdown:
  • Total Gross Profit: $1.50 billion
  • Total Operating Expenses: $1.09 billion

Over the last 10 years, Toro's total revenue changed from $2.39 billion in 2015 to $4.51 billion in 2025, a change of 88.7%.

Toro's total liabilities were at $1.99 billion at the end of 2025, a 2.2% decrease from 2024, and a 135.9% increase since 2015.

In the past 10 years, Toro's cash and equivalents has ranged from $126.28 million in 2015 to $479.89 million in 2020, and is currently $341 million as of their latest financial filing in 2025.

Over the last 10 years, Toro's book value per share changed from 8.43 in 2015 to 14.85 in 2025, a change of 76.1%.



Financial statements for NYSE:TTC last updated on 3/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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