The Toro Company (TTC)

The Toro Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Aug 1, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Revenue	4,520	4,584	4,553	4,515	3,960	3,379
Revenue Growth (YoY)	0.65%	0.67%	0.85%	14.02%	17.19%	7.67%
Cost of Revenue	3,009	3,035	2,975	3,010	2,621	2,185
Gross Profit	1,511	1,549	1,578	1,505	1,339	1,194
Selling, General & Admin	819.2	842.5	821.3	773.1	679.1	639.12
Research & Development	173.1	173.1	173.9	155.6	141	124.1
Operating Expenses	992.3	1,016	995.2	928.7	820.1	763.22
Operating Income	518.6	533.7	582.6	575.9	518.4	430.51
Interest Expense	-60.4	-61.9	-58.7	-35.7	-28.7	-33.16
Earnings From Equity Investments	19.6	20.8	19.2	8.8	5.7	7.66
Currency Exchange Gain (Loss)	-6.5	-8	-6.3	-	-	-
Other Non Operating Income (Expenses)	22.4	28.2	15.4	3.5	4.4	6.01
EBT Excluding Unusual Items	493.7	512.8	552.2	552.5	499.8	411.02
Merger & Restructuring Charges	-10.7	-	-0.4	-	-	-3.95
Asset Writedown	-81.1	-	-151.3	-	-	-
Pretax Income	401.9	512.8	400.5	552.5	499.8	407.07
Income Tax Expense	68.9	93.9	70.8	109.2	89.9	77.37
Net Income	333	418.9	329.7	443.3	409.9	329.7
Net Income to Common	333	418.9	329.7	443.3	409.9	329.7
Net Income Growth	-16.60%	27.05%	-25.63%	8.15%	24.32%	20.34%
Shares Outstanding (Basic)	101	104	104	105	107	108
Shares Outstanding (Diluted)	101	104	105	106	109	109
Shares Change (YoY)	-3.65%	-0.85%	-0.28%	-2.67%	-0.15%	0.53%
EPS (Basic)	3.31	4.04	3.16	4.23	3.82	3.06
EPS (Diluted)	3.29	4.01	3.13	4.20	3.78	3.03
EPS Growth	-13.65%	28.12%	-25.48%	11.11%	24.75%	19.76%
Free Cash Flow	491.3	465.6	157.3	146.5	424.3	461.31
Free Cash Flow Per Share	4.86	4.46	1.49	1.39	3.91	4.25
Dividend Per Share	1.500	1.440	1.360	1.200	1.050	1.000
Dividend Growth	5.63%	5.88%	13.33%	14.29%	5.00%	11.11%
Gross Margin	33.43%	33.80%	34.65%	33.33%	33.80%	35.33%
Operating Margin	11.47%	11.64%	12.80%	12.76%	13.09%	12.74%
Profit Margin	7.37%	9.14%	7.24%	9.82%	10.35%	9.76%
Free Cash Flow Margin	10.87%	10.16%	3.45%	3.25%	10.72%	13.65%
EBITDA	650.8	661.9	701.8	684.7	617.7	526.12
EBITDA Margin	14.40%	14.44%	15.41%	15.17%	15.60%	15.57%
D&A For EBITDA	132.2	128.2	119.2	108.8	99.3	95.62
EBIT	518.6	533.7	582.6	575.9	518.4	430.51
EBIT Margin	11.47%	11.64%	12.80%	12.76%	13.09%	12.74%
Effective Tax Rate	17.14%	18.31%	17.68%	19.77%	17.99%	19.01%
Advertising Expenses	-	69.5	77.6	58.3	50.5	50.3

Updated Sep 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q