NYSE : TTC
The Toro Company — Financial statements
Industrials · Tools & Accessories · United States
Last price 107.96 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 10.22B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
The Toro Company (TTC) reported revenue of 4.75B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.75B | 4.51B | 4.58B | 4.55B | 4.51B | 3.96B |
| Cost of Revenue | 3.16B | 3.01B | 3.03B | 2.98B | 3.01B | 2.62B |
| Gross Profit | 1.59B | 1.50B | 1.55B | 1.58B | 1.50B | 1.34B |
| Selling, General & Admin | 902.80M | 851.20M | 842.50M | 821.50M | 773.10M | 679.10M |
| Research & Development | 162.30M | 162.30M | 173.10M | 173.90M | 155.60M | 141.00M |
| Operating Expenses | 1.07B | 1.01B | 1.02B | 995.40M | 928.70M | 820.10M |
| Operating Income | 528.10M | 491.30M | 533.70M | 582.20M | 575.90M | 518.40M |
| Interest Expense | -56.00M | -59.10M | -61.90M | -58.70M | -35.70M | -28.70M |
| Earnings From Equity Investments | 15.90M | 18.70M | 20.80M | 19.20M | 8.80M | 5.70M |
| Currency Exchange Gain (Loss) | -4.70M | -5.00M | -8.00M | -6.30M | ||
| Other Non Operating Income (Expenses) | 11.50M | 12.80M | 28.20M | 15.40M | 3.50M | 4.40M |
| EBT Excluding Unusual Items | 494.80M | 458.70M | 512.80M | 551.80M | 552.50M | 499.80M |
| Merger & Restructuring Charges | -40.60M | |||||
| Asset Writedown | -81.10M | -151.30M | ||||
| Pretax Income | 462.20M | 377.60M | 512.80M | 400.50M | 552.50M | 499.80M |
| Income Tax Expense | 98.90M | 61.50M | 93.90M | 70.80M | 109.20M | 89.90M |
| Net Income | 363.30M | 316.10M | 418.90M | 329.70M | 443.30M | 409.90M |
| Net Income to Common | 363.30M | 316.10M | 418.90M | 329.70M | 443.30M | 409.90M |
| Shares Outstanding (Basic) | 96.95M | 99.50M | 103.80M | 104.40M | 104.80M | 107.30M |
| Shares Outstanding (Diluted) | 97.33M | 99.80M | 104.40M | 105.30M | 105.60M | 108.50M |
| EPS (Basic) | 3.75 | 3.18 | 4.04 | 3.16 | 4.23 | 3.82 |
| EPS (Diluted) | 3.74 | 3.17 | 4.01 | 3.13 | 4.20 | 3.78 |
| Free Cash Flow | 711.50M | 578.30M | 466.40M | 157.30M | 146.50M | 424.30M |
| Free Cash Flow Per Share | 7.31 | 5.79 | 4.47 | 1.49 | 1.39 | 3.91 |
| Dividend Per Share | 1.55 | 1.52 | 1.44 | 1.36 | 1.20 | 1.05 |
| Gross Margin | 33.52% | 33.36% | 33.80% | 34.65% | 33.33% | 33.80% |
| Operating Margin | 11.11% | 10.89% | 11.64% | 12.79% | 12.76% | 13.09% |
| Profit Margin | 7.64% | 7.01% | 9.14% | 7.24% | 9.82% | 10.35% |
| Free Cash Flow Margin | 14.97% | 12.82% | 10.17% | 3.45% | 3.25% | 10.72% |
| EBITDA | 673.60M | 634.20M | 661.90M | 701.40M | 684.70M | 617.70M |
| EBITDA Margin | 14.17% | 14.06% | 14.44% | 15.40% | 15.17% | 15.60% |
| D&A For EBITDA | 145.50M | 142.90M | 128.20M | 119.20M | 108.80M | 99.30M |
| EBIT | 528.10M | 491.30M | 533.70M | 582.20M | 575.90M | 518.40M |
| EBIT Margin | 11.11% | 10.89% | 11.64% | 12.79% | 12.76% | 13.09% |
| Effective Tax Rate | 21.40% | 16.29% | 18.31% | 17.68% | 19.77% | 17.99% |
| Advertising Expenses | 66.40M | 69.50M | 77.60M | 58.30M | 50.50M |
Balance sheet
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 175.30M | 341.00M | 199.50M | 193.10M | 188.20M | 405.61M |
| Cash & Short-Term Investments | 175.30M | 341.00M | 199.50M | 193.10M | 188.20M | 405.61M |
| Accounts Receivable | 496.10M | 332.30M | 410.90M | 349.50M | 290.00M | 252.76M |
| Other Receivables | 45.90M | 48.80M | 57.90M | 42.70M | 57.52M | |
| Receivables | 496.10M | 378.20M | 459.70M | 407.40M | 332.70M | 310.28M |
| Inventory | 882.70M | 920.80M | 1.04B | 1.09B | 1.05B | 738.17M |
| Prepaid Expenses | 96.40M | 61.00M | 64.60M | 93.70M | 70.20M | 34.80M |
| Other Current Assets | 7.00M | 4.10M | 2.20M | 16.80M | 33.20M | 322.00K |
| Total Current Assets | 1.66B | 1.71B | 1.76B | 1.80B | 1.68B | 1.49B |
| Property, Plant & Equipment | 686.20M | 730.50M | 759.30M | 767.00M | 647.80M | 554.72M |
| Long-Term Investments | 39.70M | 41.00M | 49.20M | 50.60M | 39.30M | 20.67M |
| Goodwill | 576.50M | 450.90M | 450.30M | 450.80M | 583.30M | 421.68M |
| Other Intangible Assets | 439.50M | 390.30M | 498.70M | 540.10M | 585.80M | 420.04M |
| Long-Term Deferred Tax Assets | 119.00M | 105.80M | 45.00M | 14.20M | 5.30M | 5.80M |
| Other Long-Term Assets | 17.60M | 15.20M | 15.40M | 22.80M | 19.10M | 24.04M |
| Total Assets | 3.54B | 3.44B | 3.58B | 3.64B | 3.56B | 2.94B |
| Accounts Payable | 463.60M | 367.60M | 452.70M | 430.00M | 578.70M | 503.12M |
| Accrued Expenses | 565.50M | 370.10M | 342.80M | 355.20M | 334.70M | 300.70M |
| Current Portion of Long-Term Debt | 10.00M | |||||
| Current Portion of Leases | 20.20M | 19.30M | 20.30M | 19.50M | 15.70M | 14.28M |
| Other Current Liabilities | 2.70M | 155.40M | 150.20M | 143.90M | 134.50M | 118.92M |
| Total Current Liabilities | 1.05B | 912.40M | 976.00M | 948.60M | 1.06B | 937.02M |
| Long-Term Debt | 962.00M | 921.50M | 911.80M | 1.03B | 990.80M | 691.24M |
| Long-Term Leases | 95.80M | 100.30M | 99.10M | 112.10M | 63.60M | 55.75M |
| Long-Term Deferred Tax Liabilities | 19.40M | 800.00K | 500.00K | 400.00K | 44.30M | 50.40M |
| Other Long-Term Liabilities | 70.50M | 50.50M | 43.50M | 40.80M | 42.00M | 50.60M |
| Total Liabilities | 2.20B | 1.99B | 2.03B | 2.13B | 2.20B | 1.79B |
| Common Stock | 900.00K | 97.90M | 101.50M | 103.80M | 104.00M | 105.21M |
| Retained Earnings | 1.36B | 1.39B | 1.50B | 1.44B | 1.28B | 1.07B |
| Comprehensive Income & Other | -23.80M | -35.10M | -46.00M | -37.00M | -33.10M | -26.00M |
| Shareholders' Equity | 1.34B | 1.45B | 1.55B | 1.51B | 1.35B | 1.15B |
| Total Liabilities & Equity | 3.54B | 3.44B | 3.58B | 3.64B | 3.56B | 2.94B |
| Total Debt | 1.08B | 1.04B | 1.04B | 1.16B | 1.07B | 761.28M |
| Net Cash (Debt) | -902.70M | -700.10M | -841.70M | -970.00M | -881.90M | -355.67M |
| Net Cash Per Share | -9.28 | -7.02 | -8.06 | -9.21 | -8.35 | -3.28 |
| Filing Date Shares Outstanding | 94.66M | 97.90M | 101.18M | 103.87M | 104.01M | 104.49M |
| Total Common Shares Outstanding | 94.65M | 97.89M | 101.47M | 103.84M | 103.97M | 105.21M |
| Working Capital | 605.50M | 792.70M | 788.90M | 850.20M | 611.80M | 552.17M |
| Book Value Per Share | 14.12 | 14.85 | 15.29 | 14.55 | 13.00 | 10.94 |
| Tangible Book Value | 320.30M | 612.10M | 602.90M | 520.00M | 182.60M | 309.41M |
| Tangible Book Value Per Share | 3.38 | 6.25 | 5.94 | 5.01 | 1.76 | 2.94 |
| Land | 79.60M | 78.30M | 72.80M | 69.00M | 59.60M | 57.69M |
| Buildings | 434.30M | 414.40M | 372.10M | 355.80M | 324.30M | 308.22M |
| Machinery | 1.06B | 1.08B | 1.02B | 983.00M | 888.20M | 840.46M |
| Construction In Progress | 94.70M | 65.10M | 116.90M | 133.20M | 144.40M | 85.72M |
| Order Backlog | 800.00M |
Cash flow statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 363.30M | 316.10M | 418.90M | 329.70M | 443.30M | 409.90M |
| Depreciation & Amortization | 145.50M | 142.90M | 128.20M | 119.20M | 108.80M | 99.30M |
| Asset Writedown & Restructuring Costs | 43.10M | 81.10M | 151.30M | |||
| Loss (Gain) on Equity Investments | 1.60M | 8.20M | 1.40M | -11.30M | -18.70M | -900.00K |
| Stock-Based Compensation | 21.90M | 19.00M | 23.00M | 19.40M | 22.10M | 21.80M |
| Other Operating Activities | -32.60M | -53.00M | -30.80M | -48.10M | -12.40M | -22.40M |
| Change in Accounts Receivable | -16.30M | 83.20M | -53.10M | -71.60M | -19.30M | -52.30M |
| Change in Inventory | 192.90M | 109.30M | 27.50M | -26.70M | -285.90M | -98.30M |
| Change in Accounts Payable | 62.20M | -86.60M | 24.30M | -149.90M | 66.30M | 139.30M |
| Change in Other Net Operating Assets | 7.70M | 41.80M | 30.50M | -5.20M | -7.00M | 59.10M |
| Operating Cash Flow | 789.30M | 662.00M | 569.90M | 306.80M | 297.20M | 555.50M |
| Capital Expenditures | -77.80M | -83.70M | -103.50M | -149.50M | -150.70M | -131.20M |
| Sale of Property, Plant & Equipment | 13.20M | 800.00K | 300.00K | 400.00K | 200.00K | 1.00M |
| Cash Acquisitions | -210.30M | -4.20M | -800.00K | -21.00M | -402.40M | -24.90M |
| Divestitures | 9.70M | 40.00M | 5.30M | 4.60M | 26.60M | |
| Other Investing Activities | 4.30M | 7.10M | ||||
| Investing Cash Flow | -274.90M | -77.40M | -59.70M | -157.70M | -548.30M | -128.50M |
| Long-Term Debt Issued | 1.04B | 465.00M | 555.00M | 300.00M | 270.00M | |
| Long-Term Debt Repaid | -1.04B | -575.00M | -515.00M | -370.00M | ||
| Total Debt Repaid | -820.00M | -1.04B | -575.00M | -515.00M | -370.00M | |
| Net Debt Issued (Repaid) | -70.00M | -110.00M | 40.00M | 300.00M | -100.00M | |
| Issuance of Common Stock | 39.80M | 2.10M | 9.10M | 19.70M | 10.30M | 13.10M |
| Repurchase of Common Stock | -360.40M | -292.90M | -249.40M | -63.80M | -142.40M | -304.40M |
| Common Dividends Paid | -150.10M | -151.10M | -149.50M | -141.90M | -125.70M | -112.40M |
| Other Financing Activities | -3.80M | -4.20M | -5.30M | -1.50M | ||
| Financing Cash Flow | -544.50M | -446.10M | -505.10M | -147.50M | 42.20M | -503.70M |
| Foreign Exchange Rate Adjustments | 4.40M | 3.00M | 1.30M | 3.30M | -8.50M | 2.40M |
| Net Cash Flow | -25.70M | 141.50M | 6.40M | 4.90M | -217.40M | -74.30M |
| Free Cash Flow | 711.50M | 578.30M | 466.40M | 157.30M | 146.50M | 424.30M |
| Free Cash Flow Margin | 14.97% | 12.82% | 10.17% | 3.45% | 3.25% | 10.72% |
| Free Cash Flow Per Share | 7.31 | 5.79 | 4.47 | 1.49 | 1.39 | 3.91 |
| Levered Free Cash Flow | 608.06M | 497.02M | 399.48M | 78.99M | 39.36M | 342.40M |
| Unlevered Free Cash Flow | 643.06M | 533.96M | 438.16M | 115.67M | 61.67M | 360.34M |
| Cash Interest Paid | 62.50M | 62.50M | 63.00M | 61.10M | 30.50M | 31.60M |
| Cash Income Tax Paid | 106.40M | 106.40M | 91.70M | 165.20M | 120.50M | 101.80M |
| Change in Working Capital | 246.50M | 147.70M | 29.20M | -253.40M | -245.90M | 47.80M |
Ratios
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.28B | 7.31B | 8.26B | 8.39B | 10.99B | 10.16B |
| Enterprise Value | 11.19B | 8.25B | 9.15B | 9.43B | 11.89B | 10.39B |
| Last Close Price | 107.96 | 73.42 | 77.48 | 76.63 | 98.56 | 88.02 |
| PE Ratio | 29.07 | 23.14 | 19.71 | 25.46 | 24.78 | 24.79 |
| Forward PE | 21.98 | 16.36 | 17.57 | 20.16 | 21.43 | 25.62 |
| PS Ratio | 2.15 | 1.62 | 1.80 | 1.84 | 2.43 | 2.57 |
| PB Ratio | 7.65 | 5.03 | 5.32 | 5.56 | 8.13 | 8.83 |
| P/TBV Ratio | 31.91 | 11.95 | 13.70 | 16.14 | 60.16 | 32.84 |
| P/FCF Ratio | 14.36 | 12.65 | 17.71 | 53.37 | 74.99 | 23.95 |
| P/OCF Ratio | 12.95 | 11.05 | 14.49 | 27.36 | 36.97 | 18.29 |
| PEG Ratio | 2.18 | 2.01 | 2.01 | 2.01 | 2.01 | 2.88 |
| EV/Sales Ratio | 2.34 | 1.83 | 2.00 | 2.07 | 2.63 | 2.62 |
| EV/EBITDA Ratio | 16.51 | 13.02 | 13.82 | 13.44 | 17.36 | 16.83 |
| EV/EBIT Ratio | 21.06 | 16.80 | 17.14 | 16.19 | 20.64 | 20.05 |
| EV/FCF Ratio | 15.63 | 14.27 | 19.61 | 59.93 | 81.14 | 24.50 |
| Debt / Equity Ratio | 0.81 | 0.72 | 0.67 | 0.77 | 0.79 | 0.66 |
| Debt / EBITDA Ratio | 1.51 | 1.54 | 1.48 | 1.59 | 1.50 | 1.19 |
| Debt / FCF Ratio | 1.51 | 1.80 | 2.23 | 7.39 | 7.30 | 1.79 |
| Net Debt / Equity Ratio | 0.68 | 0.48 | 0.54 | 0.64 | 0.65 | 0.31 |
| Net Debt / EBITDA Ratio | 1.34 | 1.10 | 1.27 | 1.38 | 1.29 | 0.58 |
| Net Debt / FCF Ratio | 1.27 | 1.21 | 1.80 | 6.17 | 6.02 | 0.84 |
| Asset Turnover | 1.35 | 1.28 | 1.27 | 1.26 | 1.39 | 1.37 |
| Inventory Turnover | 3.29 | 3.07 | 2.85 | 2.78 | 3.37 | 3.77 |
| Quick Ratio | 0.64 | 0.79 | 0.68 | 0.63 | 0.49 | 0.76 |
| Current Ratio | 1.58 | 1.87 | 1.81 | 1.90 | 1.57 | 1.59 |
| Return on Equity (ROE) | 26.45% | 21.04% | 27.35% | 23.04% | 35.42% | 36.18% |
| Return on Assets (ROA) | 9.36% | 8.75% | 9.23% | 10.11% | 11.09% | 11.19% |
| Return on Invested Capital (ROIC) | 18.19% | 18.09% | 17.89% | 20.33% | 24.71% | 28.20% |
| Return on Capital Employed (ROCE) | 21.30% | 19.40% | 20.50% | 21.60% | 23.10% | 25.90% |
| Earnings Yield | 3.44% | 4.32% | 5.07% | 3.93% | 4.04% | 4.03% |
| FCF Yield | 6.96% | 7.91% | 5.65% | 1.87% | 1.33% | 4.17% |
| Dividend Yield | 1.44% | 2.04% | 1.77% | 1.68% | 1.14% | 1.09% |
| Payout Ratio | 41.75% | 47.80% | 35.69% | 43.04% | 28.36% | 27.42% |
| Buyback Yield / Dilution | 3.66% | 4.41% | 0.85% | 0.28% | 2.67% | 0.15% |
| Total Shareholder Return | 5.11% | 6.44% | 2.62% | 1.97% | 3.81% | 1.24% |