Tearsheet

Toro (TORO)


Market Price (10/31/2025): $3.7 | Market Cap: $65.6 Mil
Sector: Energy | Industry: Oil & Gas Storage & Transportation

Toro (TORO)


Market Price (10/31/2025): $3.7
Market Cap: $65.6 Mil
Sector: Energy
Industry: Oil & Gas Storage & Transportation

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%
Weak multi-year price returns
2Y Excs Rtn is -72%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -32%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -175%
  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -21%, Rev Chg QQuarterly Revenue Change % is -25%
2   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -29%
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -175%
2 Weak multi-year price returns
2Y Excs Rtn is -72%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -32%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -21%, Rev Chg QQuarterly Revenue Change % is -25%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -29%

Market Valuation & Key Metrics

TORO Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
TORO Return-----43%32%-19%
Peers Return-30%3%-2%19%-18%9%-25%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
TORO Win Rate---78%42%44% 
Peers Win Rate22%35%27%40%25%48% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
TORO Max Drawdown-----53%-36% 
Peers Max Drawdown-37%-8%-21%-18%-32%-14% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: FRO, BANL, TMDE, TOPS, ENB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

TORO has limited trading history. Below is the Energy sector ETF (XLE) in its place.

Unique KeyEventXLES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-26.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven36.7%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven116 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-60.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven153.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven660 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-31.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven46.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1201 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-57.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven137.1%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1858 days1480 days

Compare to


In The Past

SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 6/8/2022. A -26.9% loss requires a 36.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Toro (TORO)

Better Bets than Toro (TORO)

Latest Trefis Analyses

TitleTopic
0DASHBOARDS 
1Toro Stock Up 35%, Buy Or Wait?Return

Trade Ideas

Select past ideas related to TORO. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TDW_9302025_Dip_Buyer_FCFYield09302025TDWTidewaterDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.4%-5.4%-11.3%
OKE_9302025_Dip_Buyer_ValueBuy09302025OKEONEOKDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-8.6%-8.6%-8.6%
LEU_8312025_Quality_Momentum_RoomToRun_10%08312025LEUCentrus EnergyQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
90.0%90.0%-1.3%
KNTK_5312025_Dip_Buyer_ValueBuy05312025KNTKKinetikDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-14.1%-14.1%-18.1%
WHD_4302025_Dip_Buyer_FCFYield04302025WHDCactusDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.1%14.5%-11.4%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TDW_9302025_Dip_Buyer_FCFYield09302025TDWTidewaterDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.4%-5.4%-11.3%
OKE_9302025_Dip_Buyer_ValueBuy09302025OKEONEOKDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-8.6%-8.6%-8.6%
LEU_8312025_Quality_Momentum_RoomToRun_10%08312025LEUCentrus EnergyQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
90.0%90.0%-1.3%
KNTK_5312025_Dip_Buyer_ValueBuy05312025KNTKKinetikDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-14.1%-14.1%-18.1%
WHD_4302025_Dip_Buyer_FCFYield04302025WHDCactusDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.1%14.5%-11.4%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Toro

Financials

TOROFROBANLTMDETOPSENBMedian
NameToro FrontlineCBL Inte.TMD Ener.TOP ShipsEnbridge  
Mkt Price3.7024.370.500.726.1046.984.90
Mkt Cap0.15.4---102.45.4
Rev LTM201,824--264,477922
Op Inc LTM-7387---511,146191
FCF LTM-6615---4,875615
FCF 3Y Avg10-179---6,85610
CFO LTM-6624---12,926624
CFO 3Y Avg34726---12,950726

Growth & Margins

TOROFROBANLTMDETOPSENBMedian
NameToro FrontlineCBL Inte.TMD Ener.TOP ShipsEnbridge  
Rev Chg LTM-21.5%-5.3%---95.8%48.2%-13.4%
Rev Chg 3Y Avg-35.9%---49.4%10.2%10.2%
Rev Chg Q-25.2%-13.7%---77.1%31.2%-19.4%
QoQ Delta Rev Chg LTM-6.4%-4.0%---67.4%5.8%-5.2%
Op Mgn LTM-32.5%21.2%---208.7%17.3%-7.6%
Op Mgn 3Y Avg26.2%34.6%---55.9%19.2%22.7%
QoQ Delta Op Mgn LTM-0.3%-5.7%---202.2%-0.4%-3.1%
CFO/Rev LTM-28.1%34.2%---20.0%20.0%
CFO/Rev 3Y Avg117.3%38.3%---25.7%38.3%
FCF/Rev LTM-28.6%33.7%---7.6%7.6%
FCF/Rev 3Y Avg29.1%-8.7%---14.0%14.0%

Valuation

TOROFROBANLTMDETOPSENBMedian
NameToro FrontlineCBL Inte.TMD Ener.TOP ShipsEnbridge  
Mkt Cap0.15.4---102.45.4
P/S3.33.0---1.63.0
P/EBIT-17.310.3---7.57.5
P/E13.222.8---15.415.4
P/CFO-11.68.7---7.97.9
Total Yield7.6%9.9%---14.4%9.9%
Dividend Yield0.0%5.5%---7.9%5.5%
FCF Yield 3Y Avg6.7%1.3%---8.6%6.7%
D/E0.00.7---1.00.7
Net D/E-1.80.6---1.00.6

Returns

TOROFROBANLTMDETOPSENBMedian
NameToro FrontlineCBL Inte.TMD Ener.TOP ShipsEnbridge  
1M Rtn17.8%6.9%-33.5%-12.1%3.6%-6.9%-1.7%
3M Rtn23.7%34.4%-30.1%-20.2%5.7%5.2%5.5%
6M Rtn92.7%49.2%-46.9%-47.8%4.9%4.1%4.5%
12M Rtn15.3%33.8%-48.6%--24.0%22.8%15.3%
3Y Rtn-162.3%---89.2%47.4%47.4%
1M Excs Rtn-13.6%4.9%-35.1%-13.4%3.0%-6.9%-10.1%
3M Excs Rtn16.9%22.3%-36.4%-26.6%-5.6%-6.2%-5.9%
6M Excs Rtn71.0%27.5%-68.7%-69.6%-16.8%-17.6%-17.2%
12M Excs Rtn-3.3%14.1%-64.1%--45.7%4.8%-3.3%
3Y Excs Rtn-80.8%---166.7%-26.2%-26.2%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity11,249
Short Interest: % Change Since 9302025-26.6%
Average Daily Volume306,452
Days-to-Cover Short Interest1
Basic Shares Quantity17,742,913
Short % of Basic Shares0.1%

Returns Analyses

SEC Filings

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Report DateFiling DateFiling
6302025100120256-K 6/30/2025
331202571720256-K 3/31/2025
12312024415202520-F 12/31/2024
9302024111220246-K 9/30/2024
630202481220246-K 6/30/2024
331202451020246-K 3/31/2024
12312023312202420-F 12/31/2023
9302023110920236-K 9/30/2023
630202380920236-K 6/30/2023
331202352320236-K 3/31/2023
12312022308202320-F 12/31/2022
12312021202202320FR12B/A 12/31/2021

Insider Activity

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