TTCNYSELawn & Garden Tractors & Home Lawn & Gardens EquipFiscal year ends October 31
TORO CO
Financials through Q3 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 3, 2026
$100.41−0.17 (-0.17%)
Close on Oct 19, 2026
- Market cap
- $9.60B
- P/E (TTM)
- 26.8
- Dividend yield
- 1.51%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
33.4%−1.8 pts over 5 years
Operating margin
9.1%−3.5 pts over 5 years
Net margin
7.0%−2.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.6% | -0.0% | +5.9% | +6.6% | |
| Gross profit | -2.9% | +0.0% | +4.8% | +6.1% | |
| Operating income | -23.1% | -10.7% | -0.8% | +3.2% | |
| Net income | -24.5% | -10.7% | -0.8% | – | |
| EPS, diluted | -20.9% | -9.0% | +0.9% | +5.9% | |
| Free cash flow | +24.0% | +55.5% | +4.6% | +11.6% | |
| Dividend per share | +5.6% | +8.2% | +8.7% | +11.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 33.4% | 21.0% | |
| Return on assets | – | 12.7% | 9.0% | |
| Current ratio | 1.68 | 1.67 | 1.87 | |
| Debt to equity | 0.64 | 0.71 | 0.63 | |
| Net debt to EBITDA | 0.19× | 0.60× | 1.05× | |
| Interest coverage | 17.3× | 12.9× | 6.9× | |
| Inventory turnover | 4.7× | 3.4× | 3.1× | |
| Capex to revenue | 2.1% | 2.3% | 1.9% | |
| Diluted shares | 112M | 109M | 100M |
Where the cash went
Fiscal 2021 to 2025, five years combined
TORO generated $2.39B from operations and spent $2.30B on capital expenditure, dividends and share buybacks. 25% of that went back into the business.
Generated
$2.39B
Used
$2.30B
Capital expenditure$584.20M25%Dividends$680.60M30%Share buybacks$1.04B45%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.0%
×Asset turnover1.28×
×Equity multiplier2.34×
=Return on equity, FY202521.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.0% | 1.28× | 2.34× | 21.0% |
| FY2024 | 9.1% | 1.27× | 2.36× | 27.4% |
| FY2023 | 7.2% | 1.26× | 2.52× | 23.0% |
| FY2022 | 9.8% | 1.39× | 2.59× | 35.4% |
| FY2021 | 10.4% | 1.37× | 2.55× | 36.2% |
| FY2020 | 9.8% | 1.30× | 2.63× | 33.4% |
| FY2019 | 8.7% | 1.61× | 2.55× | 35.9% |
| FY2018 | 10.4% | 1.71× | 2.38× | 42.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$316.10M
- Cash generatingOperating cash flow above zero$662.00M
- Return on assets improvedROA up on the prior year11.5% → 8.8%
- Earnings backed by cashOperating cash flow above net income$662.00M vs $316.10M
- Less leverageLong-term debt to assets fell25.4% → 26.8%
- Better liquidityCurrent ratio rose1.81 → 1.87
- No dilutionShare count did not rise104M → 100M
- Gross margin improvedGross margin up on the prior year33.80% → 33.36%
- More efficientAsset turnover rose1.26 → 1.26