CNH Industrial vs Toro
CNH Industrial is the larger business, with $18.09bn of revenue in fiscal 2025 against $4.51bn for Toro (4.0 times as much). Toro grew faster (-1.6% against -8.8%). Toro kept more of each dollar of sales as profit: a net margin of 7.0% against 2.8%.
| Latest fiscal year | CNH IndustrialCNH, 2025 | ToroTTC, 2025 |
|---|---|---|
| Revenue | $18.09bn | $4.51bn |
| Revenue growth | -8.8% | -1.6% |
| Net income | $510m | $316m |
| Operating margin | — | 9.1% |
| Net margin | 2.8% | 7.0% |
| Return on equity | 6.6% | 21.0% |
| Free cash flow | $2.54bn | $578m |
| Cash | $2.58bn | $341m |
| Total debt | $26.76bn | $922m |
| Debt to equity | — | 63.4% |
| Dividend per share | $0.25 | $1.52 |
| Dividend yield | — | 1.5% |
| Share buybacks | — | $290m |
| Employees | 34,197 | 9,791 |
| Market value | $14.54bn | $10.21bn |
| Price vs our value range | — | Within our value range |
| Moat score | 37 (Weak) | 78 (Strong) |
| Insider trades, 12 months | 4 buys, 1 sales | 1 buys, 13 sales |