The Toro Company (TTC) Income Statement
TTC FY2025 at a glance
Fiscal year ended October 31, 2025 · U.S. dollarsTTC revenue and net income
Where TTC's revenue goes
FY2025Each bar shows an amount and its share of revenue. TTC kept 7.0% of revenue as net income.
TTC profit margins
TTC growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.6% | −0.0% | +5.9% | +6.6% |
| Gross profit | −2.9% | +0.0% | +4.8% | +6.1% |
| Operating income | −7.9% | −5.2% | +2.9% | +5.1% |
| Net income | −24.5% | −10.7% | −0.8% | +4.6% |
| EPS (diluted) | +1.2% | +0.1% | +6.9% | +9.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TTC quarterly EPS vs estimates
Toro beat the analyst EPS estimate in 8 of the last 8 quarters.
TTC income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.51B | $4.58B | $4.55B | $4.51B | $3.96B | $3.38B | $3.14B | $2.62B | $2.51B | $2.39B |
| Cost of revenue | $3.01B | $3.03B | $2.98B | $3.01B | $2.62B | $2.19B | $2.09B | $1.68B | $1.58B | $1.52B |
| Gross profit | $1.50B | $1.55B | $1.58B | $1.50B | $1.34B | $1.19B | $1.05B | $941.0M | $920.8M | $874.6M |
| Research & development | — | $173.1M | $173.9M | $155.6M | $141.0M | $124.1M | $109.1M | $83.5M | $80.4M | $77.4M |
| Sales, general & admin | $1.01B | $842.5M | $821.3M | $870.6M | $769.7M | $713.1M | $679.4M | $521.5M | $522.7M | $498.4M |
| Total operating expenses | $1.01B | $1.02B | $1.15B | $928.9M | $820.2M | $763.4M | $722.9M | $567.9M | $565.7M | $540.2M |
| Operating income | $491.0M | $533.3M | $430.7M | $575.7M | $518.3M | $426.4M | $325.0M | $373.1M | $355.1M | $334.4M |
| Interest income | $59.1M | $61.9M | $58.7M | $35.7M | $28.7M | $1.3M | $2.8M | $2.5M | $1.4M | $827,000 |
| Interest expense | $59.1M | $61.9M | $58.7M | $35.7M | $28.7M | $33.2M | $28.8M | $19.1M | $19.1M | $19.3M |
| Income before taxes | $377.6M | $512.8M | $400.5M | $552.5M | $499.8M | $407.1M | $322.1M | $372.4M | $353.2M | $330.5M |
| Income taxes | $61.5M | $93.9M | $70.8M | $109.2M | $89.9M | $77.4M | $48.1M | $100.5M | $85.5M | $99.5M |
| Net income | $316.1M | $418.9M | $329.7M | $443.3M | $409.9M | $329.7M | $274.0M | $271.9M | $267.7M | $231.0M |
| EBITDA | $552.8M | $702.9M | $578.4M | $697.0M | $627.8M | $535.8M | $438.7M | $452.8M | $437.3M | $413.9M |
| EPS (diluted) | $4.22 | $4.17 | $4.23 | $4.21 | $3.62 | $3.02 | $2.99 | $2.68 | $2.41 | $2.07 |
| Gross margin | 33.4% | 33.8% | 34.6% | 33.3% | 33.8% | 35.2% | 33.4% | 35.9% | 36.8% | 36.6% |
| Operating margin | 10.9% | 11.6% | 9.5% | 12.8% | 13.1% | 12.6% | 10.4% | 14.2% | 14.2% | 14.0% |
| Net margin | 7.0% | 9.1% | 7.2% | 9.8% | 10.4% | 9.8% | 8.7% | 10.4% | 10.7% | 9.7% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.42B | $1.04B | $1.07B | $1.13B | $1.32B | $995.0M | $1.08B | $1.16B | $1.35B | $1.00B | $983.2M |
| Cost of revenue | $807.7M | $942.0M | $700.2M | $715.5M | $749.5M | $881.2M | $659.4M | $727.0M | $754.1M | $896.0M | $657.4M | $653.6M |
| Gross profit | $418.1M | $482.7M | $337.3M | $350.7M | $381.8M | $436.7M | $335.6M | $349.0M | $402.8M | $453.0M | $344.5M | $329.6M |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | $173.9M |
| Sales, general & admin | $259.8M | $287.7M | $249.4M | $258.2M | $235.9M | $261.9M | $257.8M | $240.0M | $254.7M | $265.4M | $255.9M | $157.5M |
| Total operating expenses | $302.9M | $287.7M | $247.2M | $258.2M | $317.0M | $261.9M | $257.8M | $240.0M | $254.7M | $265.4M | $255.9M | $235.1M |
| Operating income | $115.2M | $195.0M | $90.1M | $92.5M | $64.8M | $174.8M | $77.8M | $109.0M | $148.1M | $187.6M | $88.6M | $94.5M |
| Interest income | — | — | $14.2M | $13.2M | $15.1M | $15.8M | $15.0M | $14.5M | — | — | — | — |
| Interest expense | $13.8M | $14.8M | $14.2M | $13.2M | $15.1M | $15.8M | $15.0M | $14.5M | $14.5M | $16.7M | $16.2M | $14.9M |
| Income before taxes | $106.9M | $183.4M | $86.9M | $85.0M | $57.8M | $168.7M | $66.1M | $109.3M | $144.2M | $179.2M | $80.1M | $86.9M |
| Income taxes | $29.9M | $38.0M | $19.0M | $12.0M | $4.3M | $31.9M | $13.3M | $19.4M | $24.9M | $34.4M | $15.2M | $16.6M |
| Net income | $77.0M | $145.4M | $67.9M | $73.0M | $53.5M | $136.8M | $52.8M | $89.9M | $119.3M | $144.8M | $64.9M | $70.3M |
| EBITDA | $149.1M | $235.0M | $134.3M | $145.3M | $105.1M | $216.0M | $113.2M | $160.2M | $189.6M | $226.1M | $127.0M | $137.6M |
| EPS (diluted) | $1.33 | $1.60 | $0.74 | $0.91 | $1.24 | $1.42 | $0.65 | $0.95 | $1.18 | $1.40 | $0.64 | $0.71 |
| Gross margin | 34.1% | 33.9% | 32.5% | 32.9% | 33.7% | 33.1% | 33.7% | 32.4% | 34.8% | 33.6% | 34.4% | 33.5% |
| Operating margin | 9.4% | 13.7% | 8.7% | 8.7% | 5.7% | 13.3% | 7.8% | 10.1% | 12.8% | 13.9% | 8.8% | 9.6% |
| Net margin | 6.3% | 10.2% | 6.5% | 6.8% | 4.7% | 10.4% | 5.3% | 8.4% | 10.3% | 10.7% | 6.5% | 7.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TTC's financial statements (latest annual report filed December 17, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TTC financial results
In fiscal year 2025 (ended October 31, 2025), Toro reported revenue of $4.5 billion, down 1.6% from the year before. It had net income of $316.1 million (down 24.5%), a net profit margin of 7.0%. Diluted earnings per share came to $4.22. Over five years revenue grew at an average rate of 5.9% a year.
See the TTC stock overview for the latest quote and news, or the TTC chart for price history and technical indicators.
TTC income statement FAQ
What is Toro's annual revenue?
Toro reported total revenue of $4.5 billion for fiscal year 2025, which ended on October 31, 2025. That was down 1.6% from $4.6 billion the previous year.
Is Toro profitable?
Yes. Toro reported net income of $316.1 million in fiscal 2025, a net profit margin of 7.0%; its operating margin was 10.9%.
What is Toro's gross margin?
Toro's gross margin was 33.4% in fiscal 2025: for every $100 of revenue, Toro kept $33 after the direct cost of its products and services.
How fast is Toro growing?
Revenue grew 5.9% a year on average over the last five fiscal years, from $3.4 billion to $4.5 billion.
What are Toro's earnings per share?
Toro earned $4.22 per diluted share in fiscal 2025, compared with $4.17 a year earlier.
When does Toro's fiscal year end?
Toro's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on December 17, 2025.