TORO CO TTC

Industrials SIC 3524 - Lawn & Garden Tractors & Home Lawn & Gardens Equip NAICS Manufacturing › Machinery Manufacturing › Agriculture, Construction, and Mining Machinery Manufacturing › Agricultural Implement Manufacturing › Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing derived NYSE

We design, manufacture, market and sell professional turf maintenance equipment and services; turf irrigation systems; landscaping equipment and lighting products; snow and ice management products; agricultural irrigation ("ag-irrigation") systems; rental, specialty and underground construction equipment; and residential yard and snow thrower products. Our purpose is to help our customers enrich the beauty, productivity, and sustainability of the land. Our products are marketed and sold worldwide through a network of distributors, dealers, mass retailers, hardware retailers, equipment rental centers, and home centers, as well as online and direct to end-users under the primary trademarks of Toro®, Ditch Witch®, eXmark®, Spartan®, BOSS®, Ventrac®, American Augers®, Subsite®, HammerHead®, Radius®, Perrot®, Hayter®, Unique Lighting Systems®, Irritrol®, and Lawn-Boy®, most of which are registered in the United States ("U.S.") and/or in the primary countries outside the U.S. where we market our products branded under such trademarks.

Last close 105.29 2026-10-23
Market cap $9.97B 2026-07-31 share count
52-week range 67.64 - 106.00

Valuation FY2025 figures against the last close

P/S2.2x
P/E33.2x
P/FCF17.2x
EV/EBITDA19.1x
Dividend yield1.5%
Diluted EPS3.17

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • International Countries
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 3.6B (80.5%) 81% United States International Countries, FY2025: 878.3M (19.5%) 19% International Countries FY2024 United States, FY2024: 3.7B (79.9%) 80% International Countries, FY2024: 923M (20.1%) 20% FY2023 United States, FY2023: 3.6B (79.2%) 79% International Countries, FY2023: 947.7M (20.8%) 21%
Region FY2025FY2024FY2023
United States $3.63B $3.66B $3.61B
International Countries $878.3M $923.0M $947.7M

As the company reported it, from the “Revenue - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.51B$4.58B$4.55B$4.51B$3.96B$3.38B$3.14B$2.62B$2.51B$2.39B
Cost of revenue $3.01B$3.03B$2.98B$3.01B$2.62B$2.19B$2.09B$1.68B$1.58B$1.52B
Gross profit $1.50B$1.55B$1.58B$1.50B$1.34B$1.19B$1.05B$941.0M$920.8M$874.6M
R&D $162.3M$173.1M$173.9M$155.6M$141.0M$124.1M$109.1M$83.5M$80.4M$77.4M
SG&A $1.01B$1.02B$995.6M$928.9M$820.2M$763.4M$722.9M$567.9M$565.7M$540.2M
Operating income $409.9M$533.3M$430.7M$575.7M$518.3M$426.4M$325.0M$373.1M$355.1M$334.4M
Interest expense $59.1M$61.9M$58.7M$35.7M$28.7M$33.2M$28.8M$19.1M$19.1M$19.3M
Pre-tax income $377.6M$512.8M$400.5M$552.5M$499.8M$407.1M$322.1M$372.4M$353.2M$330.5M
Income tax $61.5M$93.9M$70.8M$109.2M$89.9M$77.4M$48.1M$100.5M$85.5M$99.5M
Net income $316.1M$418.9M$329.7M$443.3M$409.9M$329.7M$274.0M$271.9M——
EPS, basic 3.184.043.164.233.823.062.572.562.472.10
EPS, diluted 3.174.013.134.203.783.032.532.502.412.06
Shares, diluted (wtd. avg.) 99.8M104.4M105.3M105.6M108.5M108.7M108.1M108.7M111.3M112.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $341.0M$199.5M$193.1M$188.2M$405.6M$479.9M$151.8M$289.1M$310.3M$273.6M
Receivables $378.2M$459.7M$407.4M$332.7M$252.8M$223.1M$220.5M$185.1M$176.0M$157.9M
Inventory $920.8M$1.04B$1.09B$1.05B$738.2M$652.4M$651.7M$358.3M$329.0M$307.0M
Total current assets $1.71B$1.76B$1.80B$1.68B$1.49B$1.43B$1.12B$894.6M$859.9M$779.0M
Property, plant and equipment $615.8M$644.8M$641.7M$571.7M$487.7M$467.9M$437.3M$271.5M$235.2M$222.0M
Goodwill $450.9M$450.3M$450.8M$583.3M$421.7M$424.1M$362.3M$225.3M$205.0M$194.8M
Other intangibles $390.3M$498.7M$540.1M$585.8M$420.0M$408.3M$352.4M$105.6M$103.7M$108.1M
Total assets $3.44B$3.58B$3.64B$3.56B$2.94B$2.85B$2.33B$1.57B$1.49B$1.38B
Accounts payable $367.6M$452.7M$430.0M$578.7M$503.1M$364.0M$319.2M$256.6M$211.8M$174.7M
Short-term debt $0$10.0M$0$0$0$99.9M$79.9M$0$26.3M$22.5M
Total current liabilities $912.4M$976.0M$948.6M$1.06B$937.0M$855.8M$757.0M$532.6M$521.8M$463.8M
Long-term debt $921.5M$911.8M$1.03B$990.8M$691.2M$691.2M$620.9M$312.5M$305.6M$328.5M
Retained earnings $1.39B$1.50B$1.44B$1.28B$1.07B$1.04B$784.9M$587.3M$534.3M$480.0M
Total equity $1.45B$1.55B$1.51B$1.35B$1.15B$1.11B$859.6M$668.9M$617.1M$550.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $662.0M$569.9M$306.8M$297.2M$555.5M$539.4M$337.4M$364.8M$360.7M$384.3M
Depreciation and amortisation $142.9M$128.2M$119.2M$108.8M$99.3M$95.6M$87.7M$61.3M$65.0M$64.1M
Stock-based compensation $19.0M$23.0M$19.4M$22.1M$21.8M$15.4M$13.4M$12.2M$13.5M$10.6M
Capital expenditure $83.7M$103.5M$149.5M$143.5M$104.0M$78.1M$92.9M$90.1M$58.3M$50.7M
Investing cash flow -$77.4M-$59.7M-$157.7M-$548.3M-$128.5M-$216.1M-$772.9M-$127.9M-$83.8M-$48.9M
Financing cash flow -$446.1M-$505.1M-$147.5M$42.2M-$503.7M$2.4M$299.5M-$252.1M-$245.3M-$182.9M
Dividends paid $151.1M$149.5M$141.9M$125.7M$112.4M$107.7M$96.1M$85.0M$75.8M$65.9M
Buybacks $290.0M$245.5M$60.0M$140.0M$302.3M$0$20.0M$160.4M$159.4M$110.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000737758-25-000115.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 2.4B Gross profit, FY2016: 874.6M Revenue, FY2017: 2.5B Gross profit, FY2017: 920.8M Revenue, FY2018: 2.6B Gross profit, FY2018: 941M Net income, FY2018: 271.9M Revenue, FY2019: 3.1B Gross profit, FY2019: 1B Net income, FY2019: 274M Revenue, FY2020: 3.4B Gross profit, FY2020: 1.2B Net income, FY2020: 329.7M Revenue, FY2021: 4B Gross profit, FY2021: 1.3B Net income, FY2021: 409.9M Revenue, FY2022: 4.5B Gross profit, FY2022: 1.5B Net income, FY2022: 443.3M Revenue, FY2023: 4.6B Gross profit, FY2023: 1.6B Net income, FY2023: 329.7M Revenue, FY2024: 4.6B Gross profit, FY2024: 1.5B Net income, FY2024: 418.9M Revenue, FY2025: 4.5B Gross profit, FY2025: 1.5B Net income, FY2025: 316.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.39B $2.51B $2.62B $3.14B $3.38B $3.96B $4.51B $4.55B $4.58B $4.51B
Gross profit $874.6M $920.8M $941.0M $1.05B $1.19B $1.34B $1.50B $1.58B $1.55B $1.50B
Net income — — $271.9M $274.0M $329.7M $409.9M $443.3M $329.7M $418.9M $316.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Officer or director change Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.