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C3is vs Toro

C3is is the larger business, with $34.8m of revenue in fiscal 2025 against $21.1m for Toro (1.6 times as much). Toro grew faster (-5.9% against -17.8%). C3is kept more of each dollar of sales as profit: a net margin of 30.1% against 28.1%. C3is carries less debt relative to equity (0.0% against 0.0%).

Latest fiscal yearC3isCISS, 2025ToroTORO, 2025
Revenue $34.8m $21.1m
Revenue growth -17.8% -5.9%
Net income $10.5m $5.9m
Operating margin 3.9% -22.1%
Net margin 30.1% 28.1%
Return on equity 12.6% 3.3%
Free cash flow $3.8m −$73.1m
Cash $616,640 $87.4m
Total debt $0 $0
Debt to equity 0.0% 0.0%
Dividend per share — —
Dividend yield — —
Share buybacks — $0
Employees — —
Market value $329,570 $93.0m
Price vs our value range — —
Moat score — —
Insider trades, 12 months 0 buys, 0 sales 4 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.