The Toro Company (TTC)

The Toro Company Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Revenue	4,584	4,553	4,515	3,960	3,379
Revenue Growth (YoY)	0.67%	0.85%	14.02%	17.19%	7.67%
Cost of Revenue	3,035	2,975	3,010	2,621	2,185
Gross Profit	1,549	1,578	1,505	1,339	1,194
Selling, General & Admin	842.5	821.3	773.1	679.1	639.12
Research & Development	173.1	173.9	155.6	141	124.1
Operating Expenses	1,016	995.2	928.7	820.1	763.22
Operating Income	533.7	582.6	575.9	518.4	430.51
Interest Expense	-61.9	-58.7	-35.7	-28.7	-33.16
Earnings From Equity Investments	20.8	19.2	8.8	5.7	7.66
Currency Exchange Gain (Loss)	-8	-6.3	-	-	-
Other Non Operating Income (Expenses)	28.2	15.4	3.5	4.4	6.01
EBT Excluding Unusual Items	512.8	552.2	552.5	499.8	411.02
Merger & Restructuring Charges	-	-0.4	-	-	-3.95
Asset Writedown	-	-151.3	-	-	-
Pretax Income	512.8	400.5	552.5	499.8	407.07
Income Tax Expense	93.9	70.8	109.2	89.9	77.37
Net Income	418.9	329.7	443.3	409.9	329.7
Net Income to Common	418.9	329.7	443.3	409.9	329.7
Net Income Growth	27.05%	-25.63%	8.15%	24.32%	20.34%
Shares Outstanding (Basic)	104	104	105	107	108
Shares Outstanding (Diluted)	104	105	106	109	109
Shares Change (YoY)	-0.85%	-0.28%	-2.67%	-0.15%	0.53%
EPS (Basic)	4.04	3.16	4.23	3.82	3.06
EPS (Diluted)	4.01	3.13	4.20	3.78	3.03
EPS Growth	28.12%	-25.48%	11.11%	24.75%	19.76%
Free Cash Flow	465.6	157.3	146.5	424.3	461.31
Free Cash Flow Per Share	4.46	1.49	1.39	3.91	4.25
Dividend Per Share	1.440	1.360	1.200	1.050	1.000
Dividend Growth	5.88%	13.33%	14.29%	5.00%	11.11%
Gross Margin	33.80%	34.65%	33.33%	33.80%	35.33%
Operating Margin	11.64%	12.80%	12.76%	13.09%	12.74%
Profit Margin	9.14%	7.24%	9.82%	10.35%	9.76%
Free Cash Flow Margin	10.16%	3.45%	3.25%	10.72%	13.65%
EBITDA	661.9	701.8	684.7	617.7	526.12
EBITDA Margin	14.44%	15.41%	15.17%	15.60%	15.57%
D&A For EBITDA	128.2	119.2	108.8	99.3	95.62
EBIT	533.7	582.6	575.9	518.4	430.51
EBIT Margin	11.64%	12.80%	12.76%	13.09%	12.74%
Effective Tax Rate	18.31%	17.68%	19.77%	17.99%	19.01%
Advertising Expenses	69.5	77.6	58.3	50.5	50.3

Updated Jun 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q