The Toro Company (TTC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.31	$1.33	+1.5%	—	$1.2B	—
Q2 26	$1.5	$1.6	+6.7%	—	$1.4B	—
Q1 26	$0.65	$0.74	+13.8%	—	$1B	—
Q4 25	$0.87	$0.91	+4.6%	—	$1.1B	—
Q3 25	$1.22	$1.24	+1.6%	—	$1.1B	—
Q2 25	$1.4	$1.42	+1.4%	—	$1.3B	—
Q1 25	$0.63	$0.65	+3.2%	—	$995M	—
Q4 24	$0.95	$0.95	0.0%	—	$1.1B	—
Q3 24	$1.23	$1.18	-4.1%	—	$1.2B	—
Q2 24	$1.29	$1.4	+8.5%	—	$1.3B	—
Q1 24	$0.66	$0.64	-3.0%	—	$1B	—
Q4 23	$0.56	$0.71	+26.8%	—	$983.3M	—
Q3 23	$1.24	$0.95	-23.4%	—	$1.1B	—
Q2 23	$1.52	$1.59	+4.6%	—	$1.3B	—
Q1 23	$0.94	$0.98	+4.3%	—	$1.1B	—
Q4 22	$1.09	$1.11	+1.8%	—	$1.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.18	—	—	$4.5B	—
FY24	—	$4.04	—	—	$4.6B	—
FY23	—	$3.16	—	—	$4.6B	—
FY22	—	$4.23	—	—	$4.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.4B	$2.5B	$2.6B	$3.1B	$3.4B	$4B	$4.5B	$4.6B	$4.6B	$4.5B
YoY change	+0.05%	+4.72%	+4.53%	+19.8%	+7.67%	+17.2%	+14%	+0.85%	+0.67%	-1.6%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.4B	2.5B	2.6B	3.1B	3.4B	4B	4.5B	4.6B	4.6B	4.5B
Cost of revenue	1.5B	1.6B	1.7B	2.1B	2.2B	2.6B	3B	3B	3B	3B
Gross profit	874.6M	920.8M	941M	1B	1.2B	1.3B	1.5B	1.6B	1.5B	1.5B
Gross margin	36.6%	36.8%	35.9%	33.4%	35.2%	33.8%	33.3%	34.6%	33.8%	33.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	540.2M	565.7M	567.9M	722.9M	763.4M	820.2M	928.9M	995.6M	1B	1B
Operating expenses	540.2M	565.7M	567.9M	722.9M	763.4M	820.2M	928.9M	995.6M	1B	1B
Operating income	334.4M	355.1M	373.1M	325M	426.4M	518.3M	575.7M	582M	533.3M	491M
Operating margin	14%	14.2%	14.2%	10.4%	12.6%	13.1%	12.8%	12.8%	11.6%	10.9%
Non-operating income, net	13.5M	14.7M	14.7M	25.9M	13.9M	10.2M	12.5M	-122.8M	41.4M	-54.3M
Pretax income	330.5M	353.2M	372.4M	322.1M	407.1M	499.8M	552.5M	400.5M	512.8M	377.6M
Income tax	99.5M	85.5M	100.5M	48.1M	77.4M	89.9M	109.2M	70.8M	93.9M	61.5M
Net income	231M	267.7M	271.9M	274M	329.7M	409.9M	443.3M	329.7M	418.9M	316.1M
Net margin	9.66%	10.7%	10.4%	8.73%	9.76%	10.4%	9.82%	7.24%	9.14%	7.01%
EBITDA	411.3M	435.8M	451.6M	438.7M	535.8M	627.8M	697M	729.7M	702.9M	660.7M
EPS	2.1	2.47	2.56	2.57	3.06	3.82	4.23	3.16	4.04	3.18
Diluted EPS	2.06	2.41	2.5	2.53	3.03	3.78	4.2	3.13	4.01	3.17

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	983.3M	1B	1.3B	1.2B	1.1B	995M	1.3B	1.1B	1.1B	1B	1.4B	1.2B
Cost of revenue	653.6M	657.4M	896M	754.1M	727M	659.4M	881.2M	749.5M	715.5M	699.8M	942M	807.7M
Gross profit	329.6M	344.5M	453M	402.8M	349M	335.6M	436.7M	381.8M	350.7M	336.5M	482.7M	418.1M
Gross margin	33.5%	34.4%	33.6%	34.8%	32.4%	33.7%	33.1%	33.7%	32.9%	32.5%	33.9%	34.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	235M	255.9M	265.4M	254.7M	240M	257.8M	261.9M	235.9M	258.2M	249.4M	287.7M	259.8M
Operating expenses	235M	255.9M	265.4M	254.7M	240M	257.8M	261.9M	235.9M	258.2M	249.4M	287.7M	259.8M
Operating income	94.6M	88.6M	187.6M	148.1M	109M	77.8M	174.8M	145.9M	92.5M	87.1M	195M	158.3M
Operating margin	9.62%	8.84%	13.9%	12.8%	10.1%	7.82%	13.3%	12.9%	8.68%	8.4%	13.7%	12.9%
Non-operating income, net	7.2M	7.7M	8.3M	10.6M	14.8M	3.3M	9.7M	-73M	5.7M	14M	3.2M	-37.6M
Pretax income	86.9M	80.1M	179.2M	144.2M	109.3M	66.1M	168.7M	57.8M	85M	86.9M	183.4M	106.9M
Income tax	16.6M	15.2M	34.4M	24.9M	19.4M	13.3M	31.9M	4.3M	12M	19M	38M	29.9M
Net income	70.3M	64.9M	144.8M	119.3M	89.9M	52.8M	136.8M	53.5M	73M	67.9M	145.4M	77M
Net margin	7.15%	6.48%	10.7%	10.3%	8.36%	5.31%	10.4%	4.73%	6.85%	6.55%	10.2%	6.28%
EBITDA	137.7M	127M	226.1M	189.6M	160.2M	113.2M	216M	186.2M	145.3M	134.3M	235M	192.2M
EPS	0.67	0.62	1.39	1.15	0.88	0.52	1.37	0.54	0.74	0.69	1.51	0.81
Diluted EPS	0.67	0.62	1.38	1.14	0.87	0.52	1.37	0.54	0.74	0.69	1.5	0.81

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	5.3B	6.8B	6B	8.2B	8.8B	10.2B	11.1B	8.4B	8.4B	7.4B	9.2B
Enterprise value	5.3B	6.8B	6B	8.8B	9.2B	10.6B	11.9B	9.4B	9.2B	8.1B	10.1B
Shares outstanding	109.8M	108.3M	106.4M	106.8M	107.7M	107.3M	104.8M	104.4M	103.8M	99.5M	99.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	22.8	25.4	22	30.1	26.8	25	24.9	25.6	19.9	23.5	26
P/S	2.2	2.72	2.29	2.62	2.62	2.59	2.45	1.85	1.82	1.65	1.94
P/B	9.56	11	8.96	9.58	7.93	8.9	8.18	5.59	5.38	5.12	6.77
EV/EBITDA	13	15.7	13.3	20	17.2	16.9	17.1	12.9	13.1	12.3	15
EV/Sales	2.23	2.73	2.3	2.8	2.73	2.68	2.64	2.07	2.01	1.8	2.13
Earnings yield	4.39%	3.93%	4.54%	3.33%	3.73%	4%	4.01%	3.91%	5.01%	4.25%	3.85%
FCF yield	6.34%	4.44%	4.58%	2.97%	5.22%	4.41%	1.39%	1.86%	5.58%	7.78%	6.62%
PEG	—	—	—	—	—	—	—	—	—	—	0.52

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	36.6%	36.8%	35.9%	33.4%	35.2%	33.8%	33.3%	34.6%	33.8%	33.4%	34.1%
Operating margin	14%	14.2%	14.2%	10.4%	12.6%	13.1%	12.8%	12.8%	11.6%	10.9%	14%
Net margin	9.66%	10.7%	10.4%	8.73%	9.76%	10.4%	9.82%	7.24%	9.14%	7.01%	7.64%
ROE	42%	43.4%	40.7%	31.9%	29.6%	35.6%	32.8%	21.8%	27%	21.8%	26.4%
ROA	16.7%	17.9%	17.3%	11.8%	11.6%	14%	12.5%	9.05%	11.7%	9.19%	9.36%
ROIC	37.3%	42.1%	39.4%	19.6%	22.9%	28.2%	20.7%	19.3%	18.2%	19.1%	18.7%
Return on tangible assets	29.7%	30.6%	29.9%	30.4%	27.7%	32.7%	36.4%	19.8%	24.9%	18%	24.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.68	1.65	1.68	1.48	1.67	1.59	1.58	1.9	1.81	1.87	1.58
Quick ratio	1.02	1.02	1.01	0.62	0.91	0.8	0.59	0.75	0.74	0.86	0.74
Debt / equity	0.64	0.54	0.47	0.82	0.78	0.66	0.79	0.77	0.67	0.72	0.81
Debt / assets	0.25	0.22	0.2	0.3	0.31	0.26	0.3	0.32	0.29	0.3	0.3
Net debt / EBITDA	0.19	0.05	0.05	1.25	0.73	0.57	1.27	1.33	1.2	1.06	1.28
Interest coverage	18.1	19.5	20.5	12.2	13.3	18.4	16.5	7.82	9.28	7.39	9.25
Effective tax rate	30.1%	24.2%	27%	14.9%	19%	18%	19.8%	17.7%	18.3%	16.3%	21.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	21.8	23.1	24.6	29.4	31.4	36.9	43.1	43.6	44.2	45.3	49
EPS (basic)	2.1	2.47	2.56	2.57	3.06	3.82	4.23	3.16	4.04	3.18	3.18
EPS (diluted)	2.06	2.41	2.5	2.53	3.03	3.78	4.2	3.13	4.01	3.17	3.74
Book value per share	5.01	5.7	6.29	8.05	10.4	10.7	12.9	14.5	15	14.6	14.3
FCF per share	3.04	2.79	2.58	2.29	4.28	4.21	1.47	1.51	4.49	5.81	7.44
Cash per share	2.49	2.86	2.72	1.42	4.46	3.78	1.8	1.85	1.92	3.43	1.85
Capex per share	0.46	0.54	0.85	0.87	0.73	0.97	1.37	1.43	1	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.12%	2.33%	3.44%	2.96%	2.31%	2.63%	3.18%	3.28%	2.26%	—	—
Capex / operating cash flow	12.8%	15.6%	23.2%	28.2%	14.9%	20.6%	46.9%	85.6%	17.5%	—	—
Payout ratio	28.5%	28.3%	31.3%	35.1%	32.7%	27.4%	28.4%	43%	35.7%	47.8%	41.4%
Dividend yield	1.25%	1.11%	1.42%	1.17%	1.22%	1.1%	1.14%	1.68%	1.79%	2.03%	1.61%

Yield

1.61%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.39

ex-dividend Jun 16, 2026

Payout ratio

41%

of earnings

Dividend growth

16 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 16, 2026	$0.39
Mar 30, 2026	$0.39
Dec 22, 2025	$0.39

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$983.3M	$1B	$1.3B	$1.2B	$1.1B	$995M	$1.3B	$1.1B	$1.1B	$1B	$1.4B	$1.2B
YoY change	-16.1%	-12.8%	+0.72%	+6.94%	+9.43%	-0.69%	-2.31%	-2.21%	-0.91%	+4.15%	+8.1%	+8.35%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	273.6M	310.3M	289.1M	151.8M	479.9M	405.6M	188.2M	193.1M	199.5M	341M
Receivables	157.9M	176M	185.1M	220.5M	223.1M	252.8M	290M	349.5M	410.9M	332.3M
Inventory	307M	329M	358.3M	651.7M	652.4M	738.2M	1.1B	1.1B	1B	920.8M
Total current assets	779M	859.9M	894.6M	1.1B	1.4B	1.5B	1.7B	1.8B	1.8B	1.7B
Property, plant & equipment	39.9M	40.2M	61.8M	160.8M	244.8M	246.5M	323.5M	411.2M	387.2M	316.1M
Goodwill & intangibles	605.8M	617.5M	661.9M	1.4B	1.7B	1.7B	2.3B	2B	1.9B	1.7B
Total assets	1.4B	1.5B	1.6B	2.3B	2.9B	2.9B	3.6B	3.6B	3.6B	3.4B
Accounts payable	174.7M	211.8M	256.6M	319.2M	364M	503.1M	578.7M	430M	452.7M	367.6M
Short-term debt	22.5M	26.3M	—	79.9M	115.3M	14.3M	15.7M	19.5M	30.3M	19.3M
Total current liabilities	463.8M	521.8M	532.6M	757M	855.8M	937M	1.1B	948.6M	976M	912.4M
Long-term debt	328.5M	305.6M	312.5M	620.9M	757.9M	747M	1.1B	1.1B	1B	1B
Total liabilities	834.5M	876.7M	902.1M	1.5B	1.7B	1.8B	2.2B	2.1B	2B	2B
Shareholders' equity	550M	617.1M	668.9M	859.6M	1.1B	1.2B	1.4B	1.5B	1.6B	1.5B
Total debt	351M	331.9M	312.5M	700.8M	873.2M	761.3M	1.1B	1.2B	1B	1B
Net debt	77.4M	21.6M	23.4M	549M	393.3M	355.7M	881.9M	970M	841.7M	700.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	193.1M	198.5M	188.8M	221.1M	199.5M	171.3M	176.5M	201M	341M	189M	180.4M	175.3M
Receivables	349.5M	489.1M	623.1M	532.3M	410.9M	494.3M	602.5M	472.7M	332.3M	486.1M	575.1M	496.1M
Inventory	1.1B	1.2B	1.1B	1.1B	1B	1.1B	1.1B	1B	920.8M	983.7M	923.4M	882.7M
Total current assets	1.8B	2B	2B	1.9B	1.8B	1.9B	2B	1.8B	1.7B	1.7B	1.8B	1.7B
Property, plant & equipment	411.2M	404.8M	395.2M	388.9M	387.2M	379.7M	373.6M	359.4M	316.1M	316.3M	300.5M	251.9M
Goodwill & intangibles	2B	2B	1.9B	1.9B	1.9B	1.9B	1.9B	1.7B	1.7B	2.1B	2B	2B
Total assets	3.6B	3.8B	3.9B	3.7B	3.6B	3.7B	3.8B	3.5B	3.4B	3.7B	3.7B	3.5B
Accounts payable	430M	421.8M	512.4M	437.8M	452.7M	447.1M	516M	385M	367.6M	437M	551.8M	463.6M
Short-term debt	19.5M	25.6M	33.1M	45M	30.3M	34.7M	38.5M	36.6M	19.3M	31.5M	20.2M	20.2M
Total current liabilities	948.6M	921.9M	1B	984.4M	976M	993.1M	1.1B	955.9M	912.4M	1B	1.1B	1.1B
Long-term debt	1.1B	1.3B	1.1B	1.1B	1B	1.2B	1.2B	1.1B	1B	1.2B	1.1B	1.1B
Total liabilities	2.1B	2.3B	2.2B	2.1B	2B	2.2B	2.3B	2.1B	2B	2.3B	2.3B	2.2B
Shareholders' equity	1.5B	1.5B	1.7B	1.6B	1.6B	1.5B	1.5B	1.4B	1.5B	1.4B	1.4B	1.3B
Total debt	1.2B	1.3B	1.1B	1.1B	1B	1.2B	1.2B	1.1B	1B	1.2B	1.1B	1.1B
Net debt	970M	1.1B	950.8M	889.6M	841.7M	1.1B	1B	940.6M	700.1M	1B	956.6M	902.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	231M	267.7M	271.9M	274M	329.7M	409.9M	443.3M	329.7M	418.9M	316.1M
Depreciation & amortization	64.1M	65M	61.3M	87.7M	95.6M	99.3M	108.8M	119.2M	128.2M	142.9M
Stock-based compensation	10.6M	13.5M	12.2M	13.4M	15.4M	21.8M	22.1M	19.4M	23M	19M
Change in working capital	69.6M	26.5M	7.3M	-85.4M	75.7M	-8.3M	-245.9M	-253.4M	29.2M	147.7M
Operating cash flow	394.8M	374.1M	387.7M	329.2M	523.1M	505.1M	306M	174.7M	590.7M	662M
Capital expenditure	-50.7M	-58.3M	-90.1M	-92.9M	-78.1M	-104M	-143.5M	-149.5M	-103.5M	—
Investing cash flow	-48.9M	-83.8M	-127.9M	-772.9M	-216.1M	-128.5M	-548.3M	-157.7M	-59.7M	6.3M
Dividends paid	-65.9M	-75.8M	-85M	-96.1M	-107.7M	-112.4M	-125.7M	-141.9M	-149.5M	-151.1M
Share repurchases	-110M	-159.4M	-160.4M	-20M	0	-302.3M	-140M	-60M	-245.5M	-290M
Financing cash flow	-179.1M	-255.5M	-269.3M	270.2M	-19.8M	-516.8M	31.9M	-127.2M	-514.2M	-448.2M
Net change in cash	166.8M	34.8M	-9.6M	-173.6M	287.2M	-140.2M	-210.4M	-110.2M	16.8M	220.1M
Free cash flow	333.6M	302.5M	274.7M	244.5M	461.3M	451.5M	153.7M	157.3M	466.4M	578.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	70.3M	64.9M	144.8M	119.3M	89.9M	52.8M	136.8M	53.5M	73M	67.9M	145.4M	77M
Depreciation & amortization	35.8M	30.7M	30.2M	30.9M	36.4M	32.1M	31.5M	32.2M	47.1M	33.2M	36.8M	28.4M
Stock-based compensation	5M	8.4M	6.9M	4.2M	3.5M	4.4M	5.4M	5.5M	3.7M	5.9M	6.6M	5.7M
Change in working capital	117.9M	-199.5M	49.2M	35.5M	144M	-139.9M	-2.8M	30.1M	244.5M	-66.3M	84.7M	22.5M
Operating cash flow	223.3M	-87.2M	239.9M	200.1M	273M	-49.8M	178.8M	225.8M	313.1M	26.1M	267.4M	182.7M
Capital expenditure	-43.8M	-19.1M	-20.4M	-24.1M	-39.9M	-19.1M	-19.3M	—	—	—	—	—
Investing cash flow	-38.5M	-19.1M	-20.4M	-5.9M	-16.3M	-19.1M	-19.3M	10.3M	0	-198.9M	210.5M	1.6M
Dividends paid	-35.4M	-37.6M	-37.5M	-37.5M	-36.9M	-38.5M	-37.8M	-37.5M	-37.3M	-38.3M	-37.5M	-37M
Share repurchases	40K	—	-10M	-99.2M	-136.3M	-100M	-100M	-90M	0	-94.9M	-190.2M	-73M
Financing cash flow	-105.4M	112.6M	-47.9M	-138.8M	-175.1M	43.9M	-150.1M	-193.7M	-148.3M	16M	-285.8M	-166.2M
Net change in cash	79.4M	6.3M	171.6M	55.4M	81.6M	-25M	9.4M	42.4M	164.8M	-156.8M	192.1M	18.1M
Free cash flow	108.3M	-111.3M	206.9M	170.6M	200.2M	-67.7M	152.4M	207.2M	286.4M	14.6M	250.9M	159.6M

Date	Ratio
Sep 19, 2016	2:1
Jul 2, 2012	2:1
Apr 13, 2005	2:1
Apr 15, 2003	2:1
Jun 11, 1987	3:2

The Toro Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history