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TTC

The Toro Company

TTC

The Toro Company • NYSE
$69.74 ▼ -0.91% (-0.64)
Market Cap $6.82 B
52w High $89.50
52w Low $62.34
Dividend Yield 1.52%
P/E 21.2
Volume 418.25K
Outstanding Shares 97.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.131B ▼ $317M ▲ $53.5M ▼ 4.729% ▼ $0.54 ▼ $105.1M ▼
Q2-2025 $1.318B ▲ $261.9M ▲ $136.8M ▲ 10.38% ▲ $1.37 ▲ $216M ▲
Q1-2025 $995M ▼ $257.8M ▲ $52.8M ▼ 5.307% ▼ $0.52 ▼ $113.2M ▼
Q4-2024 $1.076B ▼ $240M ▼ $89.9M ▼ 8.355% ▼ $0.88 ▼ $160.2M ▼
Q3-2024 $1.157B $254.7M $119.3M 10.312% $1.15 $189.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $201M ▲ $3.52B ▼ $2.109B ▼ $1.411B ▼
Q2-2025 $176.5M ▲ $3.788B ▲ $2.312B ▲ $1.477B ▲
Q1-2025 $171.3M ▼ $3.697B ▲ $2.229B ▲ $1.468B ▼
Q4-2024 $199.5M ▼ $3.583B ▼ $2.031B ▼ $1.552B ▼
Q3-2024 $221.1M $3.731B $2.095B $1.636B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $53.5M ▼ $225.8M ▲ $-8.3M ▲ $-193.2M ▼ $24.5M ▲ $207.2M ▲
Q2-2025 $136.8M ▲ $171.7M ▲ $-23.3M ▼ $-149.5M ▼ $5.2M ▲ $152.4M ▲
Q1-2025 $52.8M ▼ $-48.6M ▼ $-19.1M ▼ $44.6M ▲ $-28.2M ▼ $-67.7M ▼
Q4-2024 $89.9M ▼ $240.1M ▲ $-16.3M ▼ $-244.6M ▼ $-21.6M ▼ $200.2M ▲
Q3-2024 $119.3M $194.7M $-5.9M $-157.1M $32.3M $170.6M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Equipment Products And Services
Equipment Products And Services
 $990.00M ▲$890.00M ▼$1.19Bn ▲$1.01Bn ▼
Irrigation
Irrigation
 $90.00M ▲$110.00M ▲$120.00M ▲$120.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown over the last few years and is now more or less stable at a higher level than before the pandemic. Profitability dipped in the middle of the period as costs rose faster than sales, but margins have recovered more recently and are back in a healthy range. Earnings per share followed the same pattern: solid growth, a soft patch, and then a rebound rather than a sharp acceleration. Overall, it looks like a mature, profitable business that is still growing, but not at a rapid pace and with some sensitivity to cost pressures and the broader economy.

Balance Sheet

Balance Sheet The balance sheet shows a business that has expanded while steadily building its equity base. Debt increased as the company grew but has started to edge down again, which reduces financial risk compared with the recent peak. Cash on hand is modest relative to the size of the business, but not unusually low for an established industrial company. In simple terms, Toro is using some leverage but does not appear overly stretched, and its asset base and equity have moved in a generally positive direction.

Cash Flow

Cash Flow Cash generation has been somewhat lumpy, with weaker operating cash flow in the middle years and a strong recovery most recently. Even in the softer years, the company continued to invest at a fairly steady pace in its manufacturing base and product development. Free cash flow has bounced back to a comfortable level, suggesting that recent earnings are well supported by cash, not just accounting profits. The pattern points to a business that can fund its own growth and strategic projects, though working capital swings can temporarily tighten cash.

Competitive Edge

Competitive Edge Toro holds a strong niche in turf, landscaping, and irrigation rather than trying to compete across all of agriculture and heavy equipment. Its long-standing brand, deep dealer and distributor network, and strong service capability create switching costs for professional users who value uptime and support. The professional segment, including golf, sports fields, and underground construction, provides a relatively steady base of demand compared with more cyclical residential spending. Competition from larger players remains real, but Toro’s focus, ecosystem of products and services, and entrenched relationships give it a durable position.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus, centered on three themes: autonomous equipment, battery and hybrid power, and connected, software-enabled solutions. The company’s dedicated technology and research center works closely with customers, which increases the odds that new products solve real problems such as labor shortages, noise limits, and environmental rules. Toro is pushing hard into robotic mowers, electric commercial equipment, and data-driven irrigation and fleet-management software, trying to create a full solution rather than just individual machines. This requires ongoing investment and carries execution risk, but it also strengthens its moat if adoption continues to build.

Summary

Toro today looks like a mature, profitable industrial business with steady revenue, recovering margins, and solid cash generation after a temporary soft patch. The balance sheet uses debt but not excessively, and equity has grown over time, supporting financial stability. Strategically, the company benefits from a strong brand, entrenched dealer network, and deep presence in professional turf and landscape markets, which together form a meaningful competitive moat. At the same time, Toro is leaning into long-term trends—autonomy, electrification, and smart, connected systems—which could support future growth if the technologies scale and customer adoption remains strong. Key things to watch are how well the company manages cost pressures, demand swings in residential markets, and the pace and profitability of its newer electric and autonomous offerings.

NEWS

November 25, 2025 · 8:30 AM UTC

The Toro Company to Announce Fiscal 2025 Full-Year Results

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October 8, 2025 · 12:00 PM UTC

The Toro Company Names Heather M. Hille Vice President of Corporate Affairs and Investor Relations

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October 7, 2025 · 4:35 PM UTC

The Toro Company Names Grant M. Young Group Vice President of Golf, Grounds and Irrigation

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October 6, 2025 · 8:00 AM UTC

The Toro Company to Acquire Tornado Infrastructure Equipment Ltd.

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September 23, 2025 · 4:35 PM UTC

The Toro Company Declares Regular Quarterly Cash Dividend

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