The Toro Company Income Statement

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	4,510	4,584	4,553	4,515	3,960
Revenue Growth (YoY)	-1.60%	0.67%	0.85%	14.02%	17.19%
Cost of Revenue	3,006	3,035	2,976	3,010	2,621
Gross Profit	1,505	1,549	1,578	1,505	1,339
Selling, General & Admin	851.2	842.5	821.5	773.1	679.1
Research & Development	162.3	173.1	173.9	155.6	141
Operating Expenses	1,014	1,016	995.4	928.7	820.1
Operating Income	491.3	533.7	582.2	575.9	518.4
Interest Expense	-59.1	-61.9	-58.7	-35.7	-28.7
Earnings From Equity Investments	18.7	20.8	19.2	8.8	5.7
Currency Exchange Gain (Loss)	-5	-8	-6.3	-	-
Other Non Operating Income (Expenses)	12.8	28.2	15.4	3.5	4.4
EBT Excluding Unusual Items	458.7	512.8	551.8	552.5	499.8
Asset Writedown	-81.1	-	-151.3	-	-
Pretax Income	377.6	512.8	400.5	552.5	499.8
Income Tax Expense	61.5	93.9	70.8	109.2	89.9
Net Income	316.1	418.9	329.7	443.3	409.9
Net Income to Common	316.1	418.9	329.7	443.3	409.9
Net Income Growth	-24.54%	27.05%	-25.63%	8.15%	24.32%
Shares Outstanding (Basic)	100	104	104	105	107
Shares Outstanding (Diluted)	100	104	105	106	109
Shares Change (YoY)	-4.41%	-0.85%	-0.28%	-2.67%	-0.15%
EPS (Basic)	3.18	4.04	3.16	4.23	3.82
EPS (Diluted)	3.17	4.01	3.13	4.20	3.78
EPS Growth	-20.95%	28.12%	-25.48%	11.11%	24.75%
Free Cash Flow	578.3	466.4	157.3	146.5	424.3
Free Cash Flow Per Share	5.79	4.47	1.49	1.39	3.91
Dividend Per Share	1.520	1.440	1.360	1.200	1.050
Dividend Growth	5.56%	5.88%	13.33%	14.29%	5.00%
Gross Margin	33.36%	33.80%	34.65%	33.33%	33.80%
Operating Margin	10.89%	11.64%	12.79%	12.76%	13.09%
Profit Margin	7.01%	9.14%	7.24%	9.82%	10.35%
Free Cash Flow Margin	12.82%	10.17%	3.45%	3.25%	10.72%
EBITDA	634.2	661.9	701.4	684.7	617.7
EBITDA Margin	14.06%	14.44%	15.40%	15.17%	15.60%
D&A For EBITDA	142.9	128.2	119.2	108.8	99.3
EBIT	491.3	533.7	582.2	575.9	518.4
EBIT Margin	10.89%	11.64%	12.79%	12.76%	13.09%
Effective Tax Rate	16.29%	18.31%	17.68%	19.77%	17.99%
Advertising Expenses	66.4	69.5	77.6	58.3	50.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.