Toro Corp Financials
This page shows Toro Corp (TORO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Toro Corp has an operating margin of -24.8%, meaning the company retains $-25 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 36.8% the prior year.
Toro Corp's revenue grew a modest 0.4% year-over-year to $22.4M. This slow but positive growth earns a score of 30/100.
Toro Corp carries a low D/E ratio of 0.64, meaning only $0.64 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 11.77, Toro Corp holds $11.77 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Toro Corp converts 47.6% of revenue into free cash flow ($10.7M). This strong cash generation earns a score of 100/100.
Toro Corp's ROE of 12.7% shows moderate profitability relative to equity, earning a score of 51/100. This is down from 79.6% the prior year.
Toro Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Toro Corp generates $0.43 in operating cash flow ($10.8M OCF vs $25.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Toro Corp earns $-24.1 in operating income for every $1 of interest expense (-$5.6M vs $231K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Toro Corp generated $22.4M in revenue in fiscal year 2024. This represents an increase of 0.4% from the prior year.
Toro Corp's EBITDA was -$656K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 105.7% from the prior year.
Toro Corp generated $10.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 166.2% from the prior year.
Toro Corp reported $25.2M in net income in fiscal year 2024. This represents a decrease of 82.1% from the prior year.
Toro Corp earned $1.09 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 62.0% from the prior year.
Toro Corp held $37.2M in cash against $0 in long-term debt as of fiscal year 2024.
Toro Corp had 19M shares outstanding in fiscal year 2024. This represents an increase of 0.6% from the prior year.
Toro Corp's operating margin was -24.8% in fiscal year 2024, reflecting core business profitability. This is down 61.6 percentage points from the prior year.
Toro Corp's net profit margin was 112.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 518.0 percentage points from the prior year.
Toro Corp's ROE was 12.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 66.9 percentage points from the prior year.
Toro Corp spent $3.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 256.1% from the prior year.
Toro Corp invested $119K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 99.8% from the prior year.
TORO Income Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TORO Balance Sheet
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|---|
| Total Assets | $326.3M0.0% | $326.4M+0.9% | $323.4M+5.0% | $308.1M+24.2% | $248.1M+57.5% | $157.5M+27.0% | $124.0M |
| Current Assets | $122.0M+120.7% | $55.3M-71.3% | $192.8M+16.7% | $165.1M+1.6% | $162.6M+196.9% | $54.8M+333.6% | $12.6M |
| Cash & Equivalents | $114.7M+208.3% | $37.2M-80.3% | $189.2M+24.7% | $151.8M+18.7% | $127.9M+206.1% | $41.8M+741.8% | $5.0M |
| Inventory | $122K-37.6% | $195K-8.8% | $214K+23.8% | $173K-79.9% | $858K-4.0% | $894K-71.5% | $3.1M |
| Accounts Receivable | $0-100.0% | $416K-37.0% | $661K-52.9% | $1.4M-70.8% | $4.8M-54.8% | $10.6M+158.8% | $4.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $130.3M+2.3% | $127.4M+0.5% | $126.7M-3.5% | $131.4M-1.0% | $132.7M+681.2% | $17.0M-15.2% | $20.0M |
| Current Liabilities | $6.1M+30.1% | $4.7M-16.6% | $5.6M-28.4% | $7.9M-21.4% | $10.0M+53.4% | $6.5M-6.1% | $6.9M |
| Long-Term Debt | N/A | N/A | $0-100.0% | $5.2M-11.1% | $5.9M-55.1% | $13.1M-18.3% | $16.0M |
| Total Equity | $195.9M-1.6% | $199.0M+1.2% | $196.7M+11.3% | $176.7M+53.1% | $115.4M-17.8% | $140.5M+35.1% | $104.0M |
| Retained Earnings | $141.2M+0.5% | $140.4M-0.2% | $140.7M+17.6% | $119.7M+104.2% | $58.6M+183185968.8% | -$32 | N/A |
TORO Cash Flow Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TORO Financial Ratios
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 19.96+8.2 | 11.77-22.5 | 34.24+13.2 | 21.01+4.8 | 16.25+7.9 | 8.40+6.6 | 1.82 |
| Debt-to-Equity | 0.67+0.0 | 0.64+0.6 | 0.00-0.0 | 0.03-0.0 | 0.05-0.0 | 0.09-0.1 | 0.15 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Toro Corp's annual revenue?
Toro Corp (TORO) reported $22.4M in total revenue for fiscal year 2024. This represents a 0.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Toro Corp's revenue growing?
Toro Corp (TORO) revenue grew by 0.4% year-over-year, from $22.3M to $22.4M in fiscal year 2024.
Is Toro Corp profitable?
Yes, Toro Corp (TORO) reported a net income of $25.2M in fiscal year 2024, with a net profit margin of 112.6%.
What is Toro Corp's earnings per share (EPS)?
Toro Corp (TORO) reported diluted earnings per share of $1.09 for fiscal year 2024. This represents a -62.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Toro Corp's EBITDA?
Toro Corp (TORO) had EBITDA of -$656K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Toro Corp's operating margin?
Toro Corp (TORO) had an operating margin of -24.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Toro Corp's net profit margin?
Toro Corp (TORO) had a net profit margin of 112.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Toro Corp's return on equity (ROE)?
Toro Corp (TORO) has a return on equity of 12.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Toro Corp's free cash flow?
Toro Corp (TORO) generated $10.7M in free cash flow during fiscal year 2024. This represents a 166.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Toro Corp's operating cash flow?
Toro Corp (TORO) generated $10.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Toro Corp's total assets?
Toro Corp (TORO) had $326.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Toro Corp's capital expenditures?
Toro Corp (TORO) invested $119K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Toro Corp buy back shares?
Yes, Toro Corp (TORO) spent $3.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Toro Corp have outstanding?
Toro Corp (TORO) had 19M shares outstanding as of fiscal year 2024.
What is Toro Corp's current ratio?
Toro Corp (TORO) had a current ratio of 11.77 as of fiscal year 2024, which is generally considered healthy.
What is Toro Corp's debt-to-equity ratio?
Toro Corp (TORO) had a debt-to-equity ratio of 0.64 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Toro Corp's return on assets (ROA)?
Toro Corp (TORO) had a return on assets of 7.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Toro Corp's Piotroski F-Score?
Toro Corp (TORO) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Toro Corp's earnings high quality?
Toro Corp (TORO) has an earnings quality ratio of 0.43x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Toro Corp cover its interest payments?
Toro Corp (TORO) has an interest coverage ratio of -24.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Toro Corp?
Toro Corp (TORO) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.