Toro Financials

TTC

Source SEC Filings (10-K/10-Q) Updated Oct 31, 2025 Currency USD FYE October

This page shows Toro (TTC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Key Financial Metrics

Revenue

$4.5B

YoY-0.1%

5Y CAGR+11.5%

10Y CAGR+8.3%

Toro generated $4.5B in revenue in fiscal year 2025. This represents a decrease of 0.1% from the prior year.

EBITDA

$552.8M

YoY-19.2%

5Y CAGR+4.9%

10Y CAGR+6.9%

Toro's EBITDA was $552.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 19.2% from the prior year.

Free Cash Flow

$578.3M

YoY+276.3%

5Y CAGR+16.1%

10Y CAGR+12.9%

Toro generated $578.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 276.3% from the prior year.

Net Income

$316.1M

YoY-28.7%

5Y CAGR+3.1%

10Y CAGR+7.4%

Toro reported $316.1M in net income in fiscal year 2025. This represents a decrease of 28.7% from the prior year.

EPS (Diluted)

$3.17

YoY-24.5%

5Y CAGR+4.9%

10Y CAGR+1.9%

Toro earned $3.17 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 24.5% from the prior year.

Cash & Debt

N/A

Dividends Per Share

$1.52

YoY+26.7%

5Y CAGR+13.7%

10Y CAGR+10.5%

Toro paid $1.52 per share in dividends in fiscal year 2025. This represents an increase of 26.7% from the prior year.

Shares Outstanding

98M

YoY-6.1%

5Y CAGR-1.5%

10Y CAGR+6.2%

Toro had 98M shares outstanding in fiscal year 2025. This represents a decrease of 6.1% from the prior year.

Gross Margin

33.4%

YoY+0.0pp

5Y CAGR-2.6pp

10Y CAGR-2.1pp

Toro's gross margin was 33.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.

Operating Margin

9.1%

YoY-3.7pp

5Y CAGR-5.2pp

10Y CAGR-2.2pp

Toro's operating margin was 9.1% in fiscal year 2025, reflecting core business profitability. This is down 3.7 percentage points from the prior year.

Net Margin

7.0%

YoY-2.8pp

5Y CAGR-3.4pp

10Y CAGR-0.6pp

Toro's net profit margin was 7.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.

Return on Equity

21.8%

YoY-8.9pp

5Y CAGR-17.4pp

10Y CAGR-23.6pp

Toro's ROE was 21.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.9 percentage points from the prior year.

R&D Spending

$162.3M

YoY+4.3%

5Y CAGR+14.2%

Toro invested $162.3M in research and development in fiscal year 2025. This represents an increase of 4.3% from the prior year.

Share Buybacks

$290.0M

YoY+107.1%

5Y CAGR+12.6%

10Y CAGR+11.3%

Toro spent $290.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 107.1% from the prior year.

Capital Expenditures

$83.7M

YoY-41.7%

5Y CAGR-1.5%

10Y CAGR+5.4%

Toro invested $83.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 41.7% from the prior year.

TTC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4.5B-0.1%	$4.5B+14.0%	$4.0B+17.2%	$3.4B+7.7%	$3.1B+19.8%	$2.6B
Cost of Revenue	$3.0B-0.1%	$3.0B+14.8%	$2.6B+19.7%	$2.2B+4.7%	$2.1B+24.6%	$1.7B
Gross Profit	$1.5B0.0%	$1.5B+12.4%	$1.3B+12.5%	$1.2B+13.5%	$1.0B+11.4%	$941.0M
R&D Expenses	$162.3M+4.3%	$155.6M+10.4%	$141.0M+13.6%	$124.1M+13.7%	$109.1M+30.7%	$83.5M
SG&A Expenses	$1.0B+9.1%	$928.9M+13.3%	$820.2M+7.4%	$763.4M+5.6%	$722.9M+27.3%	$567.9M
Operating Income	$409.9M-28.8%	$575.7M+11.1%	$518.3M+21.6%	$426.4M+31.2%	$325.0M-12.9%	$373.1M
Interest Expense	$59.1M+65.5%	$35.7M+24.4%	$28.7M-13.4%	$33.2M+15.0%	$28.8M+51.0%	$19.1M
Income Tax	$61.5M-43.7%	$109.2M+21.5%	$89.9M+16.2%	$77.4M+60.7%	$48.1M-52.1%	$100.5M
Net Income	$316.1M-28.7%	$443.3M+8.1%	$409.9M+24.3%	$329.7M+20.3%	$274.0M+0.8%	$271.9M
EPS (Diluted)	$3.17-24.5%	$4.20+11.1%	$3.78+24.8%	$3.03+19.8%	$2.53+1.2%	$2.50

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Revenue	$1.1B-14.2%	$1.3B+32.5%	$995.0M-8.0%	$1.1B-19.2%	$1.3B+16.6%	$1.1B-1.0%	$1.2B-7.1%	$1.2B
Cost of Revenue	$749.5M-14.9%	$881.2M+33.6%	$659.4M-7.0%	$709.4M-17.5%	$859.6M+14.2%	$752.9M-1.0%	$760.6M-9.9%	$844.1M
Gross Profit	$381.8M-12.6%	$436.7M+30.1%	$335.6M-9.9%	$372.4M-22.4%	$479.7M+21.2%	$395.9M-1.0%	$399.9M-1.3%	$405.4M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$235.9M-9.9%	$261.9M+1.6%	$257.8M+7.3%	$240.2M-7.9%	$260.9M+0.5%	$259.5M+9.6%	$236.9M+0.9%	$234.8M
Operating Income	$64.8M-62.9%	$174.8M+124.7%	$77.8M+507.3%	-$19.1M-108.7%	$218.8M+60.4%	$136.4M-16.3%	$163.0M-4.4%	$170.6M
Interest Expense	$15.1M-4.4%	$15.8M+5.3%	$15.0M0.0%	$15.0M+2.0%	$14.7M+4.3%	$14.1M+53.6%	$9.2M+14.4%	$8.0M
Income Tax	$4.3M-86.5%	$31.9M+139.8%	$13.3M+197.8%	-$13.6M-131.4%	$43.3M+77.5%	$24.4M-23.6%	$31.9M-5.9%	$33.9M
Net Income	$53.5M-60.9%	$136.8M+159.1%	$52.8M+452.0%	-$15.0M-109.0%	$167.5M+56.7%	$106.9M-14.6%	$125.2M-4.6%	$131.1M
EPS (Diluted)	$0.54-60.6%	$1.37+163.5%	$0.52+471.4%	$-0.14-108.8%	$1.59+57.4%	$1.01-15.1%	$1.19-4.0%	$1.24

TTC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.4B-5.9%	$3.7B+12.4%	$3.3B+13.1%	$2.9B+15.4%	$2.5B+53.5%	$1.6B
Current Assets	$1.7B-3.0%	$1.8B+22.3%	$1.4B-1.3%	$1.5B+19.4%	$1.2B+30.7%	$933.9M
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	$250.0M
Inventory	$920.8M-18.6%	$1.1B+36.0%	$832.1M+23.2%	$675.3M-8.6%	$739.0M+77.4%	$416.6M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$450.9M-22.9%	$584.6M+1.3%	$576.9M+36.7%	$422.2M+16.6%	$362.1M+59.5%	$227.1M
Total Liabilities	$2.0B-10.2%	$2.2B+3.6%	$2.1B+25.8%	$1.7B+7.3%	$1.6B+70.1%	$928.4M
Current Liabilities	$912.4M-7.7%	$988.0M+0.2%	$986.1M+20.3%	$819.5M-0.6%	$824.3M+45.9%	$565.0M
Long-Term Debt	$921.5M-15.5%	$1.1B+10.1%	$991.4M+43.4%	$691.4M+15.0%	$601.0M+92.3%	$312.6M
Total Equity	$1.5B+0.6%	$1.4B+29.0%	$1.1B-5.1%	$1.2B+29.3%	$912.0M+31.3%	$694.4M
Retained Earnings	$1.4B+1.6%	$1.4B+31.5%	$1.0B-5.8%	$1.1B+31.9%	$837.2M+36.5%	$613.2M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Total Assets	$3.4B-9.2%	$3.8B+2.5%	$3.7B+3.1%	$3.6B-4.2%	$3.7B+2.4%	$3.7B+6.2%	$3.4B-1.1%	$3.5B
Current Assets	$1.7B-13.8%	$2.0B+4.4%	$1.9B+9.5%	$1.7B-5.2%	$1.8B+3.9%	$1.8B+9.6%	$1.6B-3.6%	$1.7B
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	$920.8M-17.8%	$1.1B-2.0%	$1.1B+2.7%	$1.1B-1.3%	$1.1B-0.3%	$1.1B+20.5%	$939.3M+5.3%	$891.7M
Accounts Receivable	N/A	N/A	N/A	$290.0M	N/A	N/A	$252.8M	N/A
Goodwill	$450.9M0.0%	$450.8M+0.2%	$449.8M-0.3%	$451.3M-22.8%	$584.6M0.0%	$584.6M+0.1%	$583.8M+0.4%	$581.3M
Total Liabilities	$2.0B-14.1%	$2.3B+3.7%	$2.2B+5.7%	$2.1B-3.3%	$2.2B-1.3%	$2.2B+2.7%	$2.2B-4.5%	$2.3B
Current Liabilities	$912.4M-16.4%	$1.1B+9.9%	$993.1M+9.4%	$907.5M-11.4%	$1.0B+3.6%	$988.0M-2.3%	$1.0B-9.0%	$1.1B
Long-Term Debt	$921.5M-14.4%	$1.1B-1.4%	$1.1B+2.9%	$1.1B+1.9%	$1.0B-4.6%	$1.1B+10.1%	$990.6M0.0%	$991.0M
Total Equity	$1.5B-1.6%	$1.5B+0.6%	$1.5B-0.6%	$1.5B-5.3%	$1.6B+8.0%	$1.4B+12.2%	$1.3B+5.2%	$1.2B
Retained Earnings	$1.4B-2.0%	$1.4B+0.4%	$1.4B+0.8%	$1.4B-5.5%	$1.5B+8.5%	$1.4B+12.8%	$1.2B+5.8%	$1.1B

TTC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$662.0M+122.7%	$297.2M-46.5%	$555.5M+3.0%	$539.4M+59.9%	$337.4M-7.5%	$364.8M
Capital Expenditures	$83.7M-41.7%	$143.5M+38.0%	$104.0M+33.2%	$78.1M-15.9%	$92.9M+3.1%	$90.1M
Free Cash Flow	$578.3M+276.3%	$153.7M-66.0%	$451.5M-2.1%	$461.3M+88.7%	$244.5M-11.0%	$274.7M
Investing Cash Flow	-$77.4M+85.9%	-$548.3M-326.7%	-$128.5M+40.5%	-$216.1M+72.0%	-$772.9M-504.2%	-$127.9M
Financing Cash Flow	-$446.1M-1157.1%	$42.2M+108.4%	-$503.7M-21497.6%	$2.4M-99.2%	$299.5M+218.8%	-$252.1M
Dividends Paid	$151.1M+20.2%	$125.7M+11.8%	$112.4M+4.4%	$107.7M+12.0%	$96.1M+13.1%	$85.0M
Share Buybacks	$290.0M+107.1%	$140.0M-53.7%	$302.3M	$0-100.0%	$20.0M-87.5%	$160.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Operating Cash Flow	N/A	N/A	-$48.6M	N/A	N/A	-$68.9M	N/A	N/A
Capital Expenditures	N/A	N/A	$19.1M	N/A	N/A	$29.3M	N/A	N/A
Free Cash Flow	N/A	N/A	-$67.7M	N/A	N/A	-$98.2M	N/A	N/A
Investing Cash Flow	N/A	N/A	-$19.1M	N/A	N/A	-$21.9M	N/A	N/A
Financing Cash Flow	N/A	N/A	$44.6M	N/A	N/A	$74.4M	N/A	N/A
Dividends Paid	N/A	N/A	$38.5M	N/A	N/A	$35.5M	N/A	N/A
Share Buybacks	N/A	N/A	$100.0M	N/A	N/A	$0	N/A	N/A

TTC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	33.4%+0.0pp	33.3%-0.5pp	33.8%-1.4pp	35.2%+1.8pp	33.4%-2.5pp	35.9%
Operating Margin	9.1%-3.7pp	12.8%-0.3pp	13.1%+0.5pp	12.6%+2.3pp	10.4%-3.9pp	14.2%
Net Margin	7.0%-2.8pp	9.8%-0.5pp	10.3%+0.6pp	9.8%+1.0pp	8.7%-1.7pp	10.4%
Return on Equity	21.8%-8.9pp	30.7%-5.9pp	36.6%+8.7pp	28.0%-2.1pp	30.0%-9.1pp	39.2%
Return on Assets	9.2%-2.9pp	12.1%-0.5pp	12.6%+1.1pp	11.5%+0.5pp	11.0%-5.8pp	16.8%
Current Ratio	1.87+0.1	1.78+0.3	1.46-0.3	1.78+0.3	1.48-0.2	1.65
Debt-to-Equity	0.63-0.1	0.76-0.1	0.89+0.3	0.59-0.1	0.66+0.2	0.45
FCF Margin	12.8%+9.4pp	3.4%-8.0pp	11.4%-2.3pp	13.7%+5.9pp	7.8%-2.7pp	10.5%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Gross Margin	33.8%+0.6pp	33.1%-0.6pp	33.7%-0.7pp	34.4%-1.4pp	35.8%+1.4pp	34.5%0.0pp	34.5%+2.0pp	32.4%
Operating Margin	5.7%-7.5pp	13.3%+5.4pp	7.8%+9.6pp	-1.8%-18.1pp	16.3%+4.5pp	11.9%-2.2pp	14.1%+0.4pp	13.7%
Net Margin	4.7%-5.7pp	10.4%+5.1pp	5.3%+6.7pp	-1.4%-13.9pp	12.5%+3.2pp	9.3%-1.5pp	10.8%+0.3pp	10.5%
Return on Equity	3.8%-5.5pp	9.3%+5.7pp	3.6%	N/A	10.7%+3.3pp	7.4%-2.3pp	9.7%-1.0pp	10.7%
Return on Assets	1.5%-2.1pp	3.6%+2.2pp	1.4%+1.8pp	-0.4%-4.9pp	4.5%+1.6pp	2.9%-0.7pp	3.6%-0.1pp	3.8%
Current Ratio	1.87+0.1	1.81-0.1	1.910.0	1.91+0.1	1.780.0	1.78+0.2	1.59+0.1	1.50
Debt-to-Equity	0.63-0.1	0.73-0.0	0.74+0.0	0.72+0.1	0.67-0.1	0.76-0.0	0.77-0.0	0.81
FCF Margin	N/A	N/A	-6.8%	N/A	N/A	-8.6%	N/A	N/A

Financial Health Signals

Financial Profile 61/100

Profitability

Growth

Leverage

Liquidity

Cash Flow

Returns

Based on FY2025 annual data. Scores normalized against common benchmarks.

Altman Z-Score Safe

5.45

Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.

Piotroski F-Score Strong

8/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed

2.09x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

Interest Coverage Safe

6.9x

Operating income vs interest expense. Above 5x = safe, below 2x = risky.

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Frequently Asked Questions

What is Toro's annual revenue?

Toro (TTC) reported $4.5B in total revenue for fiscal year 2025. This represents a -0.1% 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's revenue growing?

Toro (TTC) revenue declined by 0.1% year-over-year, from $4.5B to $4.5B in fiscal year 2025.

Is Toro profitable?

Yes, Toro (TTC) reported a net income of $316.1M in fiscal year 2025, with a net profit margin of 7.0%.

What is Toro's earnings per share (EPS)?

Toro (TTC) reported diluted earnings per share of $3.17 for fiscal year 2025. This represents a -24.5% 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's EBITDA?

Toro (TTC) had EBITDA of $552.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Toro's gross margin?

Toro (TTC) had a gross margin of 33.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Toro's operating margin?

Toro (TTC) had an operating margin of 9.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Toro's net profit margin?

Toro (TTC) had a net profit margin of 7.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Toro pay dividends?

Yes, Toro (TTC) paid $1.52 per share in dividends during fiscal year 2025.

What is Toro's return on equity (ROE)?

Toro (TTC) has a return on equity of 21.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Toro's free cash flow?

Toro (TTC) generated $578.3M in free cash flow during fiscal year 2025. This represents a 276.3% 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's operating cash flow?

Toro (TTC) generated $662.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Toro's total assets?

Toro (TTC) had $3.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Toro's capital expenditures?

Toro (TTC) invested $83.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Toro spend on research and development?

Toro (TTC) invested $162.3M in research and development during fiscal year 2025.

Does Toro buy back shares?

Yes, Toro (TTC) spent $290.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Toro have outstanding?

Toro (TTC) had 98M shares outstanding as of fiscal year 2025.

What is Toro's current ratio?

Toro (TTC) had a current ratio of 1.87 as of fiscal year 2025, which is generally considered healthy.

What is Toro's debt-to-equity ratio?

Toro (TTC) had a debt-to-equity ratio of 0.63 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Toro's return on assets (ROA)?

Toro (TTC) had a return on assets of 9.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Toro's Altman Z-Score?

Toro (TTC) has an Altman Z-Score of 5.45, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress.

What is Toro's Piotroski F-Score?

Toro (TTC) has a Piotroski F-Score of 8 out of 9, indicating strong 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.

Are Toro's earnings high quality?

Toro (TTC) has an earnings quality ratio of 2.09x, considered cash-backed (high quality). 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.

Can Toro cover its interest payments?

Toro (TTC) has an interest coverage ratio of 6.9x, meaning it can comfortably 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.

How financially healthy is Toro?

Toro (TTC) 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.