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TORO CO

TTC Clue Score48
United States Fiscal year ends October CIK 0000737758
$95.79 -1.05% Close, 9 Oct 2026
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Price $95.79 +0.13% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2,392.2Operating income334.4EPS, diluted2.06Fiscal year 2017Revenue2,505.2 +4.7%Operating income355.1EPS, diluted2.41 +17.0%Fiscal year 2018Revenue2,618.7 +4.5%Operating income373.1Net income271.9EPS, diluted2.50 +3.7%Fiscal year 2019Revenue3,138.1 +19.8%Operating income325.0Net income274.0 +0.8%EPS, diluted2.53 +1.2%Fiscal year 2020Revenue3,378.8 +7.7%Operating income426.4Net income329.7 +20.3%EPS, diluted3.03 +19.8%Fiscal year 2021Revenue3,959.6 +17.2%Operating income518.3Net income409.9 +24.3%EPS, diluted3.78 +24.8%Fiscal year 2022Revenue4,514.7 +14.0%Operating income575.7Net income443.3 +8.1%EPS, diluted4.20 +11.1%Fiscal year 2023Revenue4,553.2 +0.9%Operating income430.7Net income329.7 −25.6%EPS, diluted3.13 −25.5%Fiscal year 2024Revenue4,583.8 +0.7%Operating income533.3Net income418.9 +27.1%EPS, diluted4.01 +28.1%Fiscal year 2025Revenue4,510.4 −1.6%Operating income409.9Net income316.1 −24.5%EPS, diluted3.17 −20.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,392.2 2,505.2 2,618.7 3,138.1 3,378.8 3,959.6 4,514.7 4,553.2 4,583.8 4,510.4
Growth +4.7% +4.5% +19.8% +7.7% +17.2% +14.0% +0.9% +0.7% −1.6%
Operating income 334.4 355.1 373.1 325.0 426.4 518.3 575.7 430.7 533.3 409.9
Net income n/a n/a 271.9 274.0 329.7 409.9 443.3 329.7 418.9 316.1
Growth +0.8% +20.3% +24.3% +8.1% −25.6% +27.1% −24.5%
EPS, diluted 2.06 2.41 2.50 2.53 3.03 3.78 4.20 3.13 4.01 3.17
Growth +17.0% +3.7% +1.2% +19.8% +24.8% +11.1% −25.5% +28.1% −20.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin36.6%Operating margin14.0%Free cash flow margin13.9%Fiscal year 2017Gross margin36.8%Operating margin14.2%Free cash flow margin12.1%Fiscal year 2018Gross margin35.9%Operating margin14.2%Net margin10.4%Free cash flow margin10.5%Fiscal year 2019Gross margin33.4%Operating margin10.4%Net margin8.7%Free cash flow margin7.8%Fiscal year 2020Gross margin35.2%Operating margin12.6%Net margin9.8%Free cash flow margin13.7%Fiscal year 2021Gross margin33.8%Operating margin13.1%Net margin10.4%Free cash flow margin11.4%Fiscal year 2022Gross margin33.3%Operating margin12.8%Net margin9.8%Free cash flow margin3.4%Fiscal year 2023Gross margin34.6%Operating margin9.5%Net margin7.2%Free cash flow margin3.5%Fiscal year 2024Gross margin33.8%Operating margin11.6%Net margin9.1%Free cash flow margin10.2%Fiscal year 2025Gross margin33.4%Operating margin9.1%Net margin7.0%Free cash flow margin12.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 36.6% 36.8% 35.9% 33.4% 35.2% 33.8% 33.3% 34.6% 33.8% 33.4%
Operating margin 14.0% 14.2% 14.2% 10.4% 12.6% 13.1% 12.8% 9.5% 11.6% 9.1%
Net margin n/a n/a 10.4% 8.7% 9.8% 10.4% 9.8% 7.2% 9.1% 7.0%
Free cash flow margin 13.9% 12.1% 10.5% 7.8% 13.7% 11.4% 3.4% 3.5% 10.2% 12.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow384.3Capital expenditure−50.7Free cash flow333.6Buybacks−110.0Dividends paid−65.9Fiscal year 2017Operating cash flow360.7Capital expenditure−58.3Free cash flow302.5 −9.3%Buybacks−159.4Dividends paid−75.8Fiscal year 2018Operating cash flow364.8Capital expenditure−90.1Free cash flow274.7 −9.2%Buybacks−160.4Dividends paid−85.0Fiscal year 2019Operating cash flow337.4Capital expenditure−92.9Free cash flow244.5 −11.0%Buybacks−20.0Dividends paid−96.1Fiscal year 2020Operating cash flow539.4Capital expenditure−78.1Free cash flow461.3 +88.7%Buybacks0.0Dividends paid−107.7Fiscal year 2021Operating cash flow555.5Capital expenditure−104.0Free cash flow451.5 −2.1%Buybacks−302.3Dividends paid−112.4Fiscal year 2022Operating cash flow297.2Capital expenditure−143.5Free cash flow153.7 −66.0%Buybacks−140.0Dividends paid−125.7Fiscal year 2023Operating cash flow306.8Capital expenditure−149.5Free cash flow157.3 +2.3%Buybacks−60.0Dividends paid−141.9Fiscal year 2024Operating cash flow569.9Capital expenditure−103.5Free cash flow466.4 +196.5%Buybacks−245.5Dividends paid−149.5Fiscal year 2025Operating cash flow662.0Capital expenditure−83.7Free cash flow578.3 +24.0%Buybacks−290.0Dividends paid−151.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 384.3 360.7 364.8 337.4 539.4 555.5 297.2 306.8 569.9 662.0
Capital expenditure −50.7 −58.3 −90.1 −92.9 −78.1 −104.0 −143.5 −149.5 −103.5 −83.7
Free cash flow 333.6 302.5 274.7 244.5 461.3 451.5 153.7 157.3 466.4 578.3
Growth −9.3% −9.2% −11.0% +88.7% −2.1% −66.0% +2.3% +196.5% +24.0%
Buybacks −110.0 −159.4 −160.4 −20.0 0.0 −302.3 −140.0 −60.0 −245.5 −290.0
Dividends paid −65.9 −75.8 −85.0 −96.1 −107.7 −112.4 −125.7 −141.9 −149.5 −151.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash273.6Total debt351.0Net cash (debt)−77.4Shareholders’ equity550.0Debt to equity0.64Fiscal year 2017Cash310.3Total debt331.9Net cash (debt)−21.6Shareholders’ equity617.1Debt to equity0.54Fiscal year 2018Cash289.1Total debt312.5Net cash (debt)−23.4Shareholders’ equity668.9Debt to equity0.47Fiscal year 2019Cash151.8Total debt700.8Net cash (debt)−549.0Shareholders’ equity859.6Debt to equity0.82Fiscal year 2020Cash479.9Total debt791.1Net cash (debt)−311.2Shareholders’ equity1,114.8Debt to equity0.71Fiscal year 2021Cash405.6Total debt691.2Net cash (debt)−285.6Shareholders’ equity1,151.1Debt to equity0.60Fiscal year 2022Cash188.2Total debt990.8Net cash (debt)−802.6Shareholders’ equity1,351.7Debt to equity0.73Fiscal year 2023Cash193.1Total debt1,031.5Net cash (debt)−838.4Shareholders’ equity1,510.9Debt to equity0.68Fiscal year 2024Cash199.5Total debt921.8Net cash (debt)−722.3Shareholders’ equity1,551.9Debt to equity0.59Fiscal year 2025Cash341.0Total debt921.5Net cash (debt)−580.5Shareholders’ equity1,453.3Debt to equity0.63
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 273.6 310.3 289.1 151.8 479.9 405.6 188.2 193.1 199.5 341.0
Total debt 351.0 331.9 312.5 700.8 791.1 691.2 990.8 1,031.5 921.8 921.5
Net cash (debt) −77.4 −21.6 −23.4 −549.0 −311.2 −285.6 −802.6 −838.4 −722.3 −580.5
Shareholders’ equity 550.0 617.1 668.9 859.6 1,114.8 1,151.1 1,351.7 1,510.9 1,551.9 1,453.3
Debt to equity 0.64 0.54 0.47 0.82 0.71 0.60 0.73 0.68 0.59 0.63

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending October, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Oct 2016 FY2017 31 Oct 2017 FY2018 31 Oct 2018 FY2019 31 Oct 2019 FY2020 31 Oct 2020 FY2021 31 Oct 2021 FY2022 31 Oct 2022 FY2023 31 Oct 2023 FY2024 31 Oct 2024 FY2025 31 Oct 2025
Revenue and profit
2,392.2 2,505.2 2,618.7 3,138.1 3,378.8 3,959.6 4,514.7 4,553.2 4,583.8 4,510.4
Growth +4.7% +4.5% +19.8% +7.7% +17.2% +14.0% +0.9% +0.7% −1.6%
1,517.6 1,584.3 1,677.6 2,090.1 2,189.0 2,621.1 3,010.1 2,975.6 3,034.5 3,005.6
874.6 920.8 941.0 1,048.0 1,189.8 1,338.5 1,504.6 1,577.6 1,549.3 1,504.8
Growth +5.3% +2.2% +11.4% +13.5% +12.5% +12.4% +4.9% −1.8% −2.9%
77.4 80.4 83.5 109.1 124.1 141.0 155.6 173.9 173.1 162.3
540.2 565.7 567.9 722.9 763.4 820.2 928.9 995.6 1,016.0 1,013.8
334.4 355.1 373.1 325.0 426.4 518.3 575.7 430.7 533.3 409.9
Growth +6.2% +5.1% −12.9% +31.2% +21.6% +11.1% −25.2% +23.8% −23.1%
330.5 353.2 372.4 322.1 407.1 499.8 552.5 400.5 512.8 377.6
99.5 85.5 100.5 48.2 77.4 89.9 109.2 70.8 93.9 61.5
n/a n/a 271.9 274.0 329.7 409.9 443.3 329.7 418.9 316.1
Growth +0.8% +20.3% +24.3% +8.1% −25.6% +27.1% −24.5%
Per share
2.10 2.47 2.56 2.57 3.06 3.82 4.23 3.16 4.04 3.18
2.06 2.41 2.50 2.53 3.03 3.78 4.20 3.13 4.01 3.17
Growth +17.0% +3.7% +1.2% +19.8% +24.8% +11.1% −25.5% +28.1% −20.9%
109.8 108.3 106.4 106.8 107.7 107.3 104.8 104.4 103.8 99.5
112.0 111.3 108.7 108.1 108.7 108.5 105.6 105.3 104.4 99.8
Growth −0.7% −2.3% −0.5% +0.5% −0.2% −2.7% −0.3% −0.9% −4.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 5.9% a year over five years, and earnings per share grew 0.9% a year.
  • The diluted share count fell 8.2% in five years, so buybacks did some of the work per share.
  • Operating margin is down 3.5 points on five years ago, at 9.1%.
  • Profitable in every one of the 8 years on file.