Toro Co income statement
In fiscal 2025, Toro Co reported revenue of $4.51bn, down 1.6% on the year before, operating income of $410m (a 9.1% margin) and net income of $316m, or $3.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Oct 2009 | 2010Oct 2010 | 2011Oct 2011 | 2012Oct 2012 | 2013Oct 2013 | 2014Oct 2014 | 2015Oct 2015 | 2016Oct 2016 | 2017Oct 2017 | 2018Oct 2018 | 2019Oct 2019 | 2020Oct 2020 | 2021Oct 2021 | 2022Oct 2022 | 2023Oct 2023 | 2024Oct 2024 | 2025Oct 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,523 | 1,690 | 1,884 | 1,959 | 2,041 | 2,173 | 2,391 | 2,392 | 2,505 | 2,619 | 3,138 | 3,379 | 3,960 | 4,515 | 4,553 | 4,584 | 4,510 | 4,753 |
| Cost of revenue | 1,012 | 1,114 | 1,247 | 1,286 | 1,317 | 1,399 | 1,555 | 1,518 | 1,584 | 1,678 | 2,090 | 2,189 | 2,621 | 3,010 | 2,976 | 3,035 | 3,006 | 3,165 |
| Gross profit | 511 | 576 | 637 | 673 | 725 | 773 | 836 | 875 | 921 | 941 | 1,048 | 1,190 | 1,339 | 1,505 | 1,578 | 1,549 | 1,505 | 1,588 |
| Research and development | — | — | — | — | — | — | — | 77 | 80 | 84 | 109 | 124 | 141 | 156 | 174 | 173 | 162 | — |
| Selling, general and administrative | 396 | 425 | 452 | 467 | 494 | 510 | 537 | 540 | 566 | 568 | 723 | 763 | 820 | 929 | 996 | 1,016 | 1,014 | 1,055 |
| Operating income | 115 | 151 | 184 | 206 | 231 | 263 | 299 | 334 | 355 | 373 | 325 | 426 | 518 | 576 | 431 | 533 | 410 | 490 |
| Interest expense | 18 | 17 | 17 | 17 | 16 | 15 | 19 | 19 | 19 | 19 | 29 | 33 | 29 | 36 | 59 | 62 | 59 | 56 |
| Income before tax | 96 | 141 | 175 | 196 | 227 | 256 | 291 | 330 | 353 | 372 | 322 | 407 | 500 | 553 | 401 | 513 | 378 | 462 |
| Income tax | 33 | 48 | 57 | 67 | 72 | 83 | 89 | 99 | 85 | 100 | 48 | 77 | 90 | 109 | 71 | 94 | 62 | 99 |
| Net income | 63 | 93 | 118 | 130 | 155 | 174 | 202 | 231 | 268 | 272 | 274 | 330 | 410 | 443 | 330 | 419 | 316 | 363 |
| Diluted EPS | $0.43 | $0.69 | $0.93 | $1.07 | $1.31 | $1.51 | $1.78 | $2.06 | $2.41 | $2.50 | $2.53 | $3.03 | $3.78 | $4.20 | $3.13 | $4.01 | $3.17 | $3.73 |
| Diluted shares (average) | 145m | 134m | 127m | 121m | 118m | 115m | 114m | 112m | 111m | 109m | 108m | 109m | 109m | 106m | 105m | 104m | 100m | 97m |
| EBITDA | 160 | 196 | 233 | 259 | 285 | 316 | 362 | 398 | 420 | 434 | 413 | 522 | 618 | 685 | 550 | 662 | 553 | 636 |
| Quarter | 2024 Q4Oct 2024 | 2025 Q1Jan 2025 | 2025 Q2May 2025 | 2025 Q3Aug 2025 | 2025 Q4Oct 2025 | 2026 Q1Jan 2026 | 2026 Q2May 2026 | 2026 Q3Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,076 | 995 | 1,318 | 1,131 | 1,066 | 1,036 | 1,425 | 1,226 |
| Cost of revenue | 727 | 659 | 881 | 750 | 716 | 700 | 942 | 808 |
| Gross profit | 349 | 336 | 437 | 382 | 351 | 337 | 483 | 418 |
| Selling, general and administrative | 240 | 258 | 262 | 236 | 258 | 249 | 288 | 260 |
| Operating income | 109 | 78 | 175 | 65 | 93 | 87 | 195 | 115 |
| Interest expense | 15 | 15 | 16 | 15 | 13 | 14 | 15 | 14 |
| Income before tax | 109 | 66 | 169 | 58 | 85 | 87 | 183 | 107 |
| Income tax | 19 | 13 | 32 | 4 | 12 | 19 | 38 | 30 |
| Net income | 90 | 53 | 137 | 54 | 73 | 68 | 145 | 77 |
| Diluted EPS | $0.87 | $0.52 | $1.37 | $0.54 | $0.75 | $0.69 | $1.50 | $0.81 |
| EBITDA | 172 | 110 | 208 | 98 | 137 | 121 | 233 | 145 |
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