Tearsheet

Toro (TTC)

Market Price (12/24/2025): $78.585 | Market Cap: $7.7 Bil
Sector: Industrials | Industry: Agricultural & Farm Machinery

Toro (TTC)

Market Price (12/24/2025): $78.585
Market Cap: $7.7 Bil
Sector: Industrials
Industry: Agricultural & Farm Machinery

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%, FCF Yield is 7.5%	Weak multi-year price returns 2Y Excs Rtn is -53%, 3Y Excs Rtn is -105%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.0%, Rev Chg QQuarterly Revenue Change % is -0.9%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%		Key risks TTC key risks include [1] persistent underperformance and weak consumer demand in its Residential segment due to cautious homeowner spending.
2	Low stock price volatility Vol 12M is 31%
3	Megatrend and thematic drivers Megatrends include Sustainable Resource Management, Autonomous Technologies, and Electrification of Everything. Themes include Resource Efficiency Solutions, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%, FCF Yield is 7.5%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
2	Low stock price volatility Vol 12M is 31%
3	Megatrend and thematic drivers Megatrends include Sustainable Resource Management, Autonomous Technologies, and Electrification of Everything. Themes include Resource Efficiency Solutions, Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -53%, 3Y Excs Rtn is -105%
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.0%, Rev Chg QQuarterly Revenue Change % is -0.9%
6	Key risks TTC key risks include [1] persistent underperformance and weak consumer demand in its Residential segment due to cautious homeowner spending.

Valuation, Metrics & Events

	12/24/25	2024	2023	2022
Share Price CYE	$78.58	$78.46	$92.47	$107.49
Market Cap CYE ($ Bil)	7.7	8.0	9.6	11.2
Total Debt ($ Bil)	1.0	1.0	1.0	1.2
Total Cash ($ Bil)	0.3	0.3	0.2	0.2
Enterprise Value ($ Bil)	8.4	9.0	10.6	12.4
Valuation Ratios
P/S TTM	1.7	1.8	2.2	2.6
P/EBIT TTM	17.6	18.3	17.3	25.7
P/E TTM	24.4	25.2	23.8	35.8
P/FCF TTM	13.3	13.8	21.4	75.1
Sector Ratios
P/S TTM (Sector)	1.7	1.5	1.4	1.1
P/EBIT TTM (Sector)	12.9	11.9	11.2	9.1
P/E TTM (Sector)	17.1	16.5	15.4	12.1
P/FCF TTM (Sector)	13.5	13.3	12.1	8.5

	12/24/25	2024	2023
Share Price CYE	$78.58	$78.46	$92.47
Market Cap CYE ($ Bil)	7.7	8.0	9.6
Total Debt ($ Bil)	1.0	1.0	1.0
Total Cash ($ Bil)	0.3	0.3	0.2
Enterprise Value ($ Bil)	8.4	9.0	10.6
Valuation Ratios
P/S TTM	1.7	1.8	2.2
P/EBIT TTM	17.6	18.3	17.3
P/E TTM	24.4	25.2	23.8
P/FCF TTM	13.3	13.8	21.4
Sector Ratios
P/S TTM (Sector)	1.7	1.5	1.4
P/EBIT TTM (Sector)	12.9	11.9	11.2
P/E TTM (Sector)	17.1	16.5	15.4
P/FCF TTM (Sector)	13.5	13.3	12.1

	TTC	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	4.5
Rev Chg Q	-0.9%	7.3%
Rev Chg LTM	-1.6%	6.1%
Rev Chg 3Y Avg	-0.0%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.5
CFO LTM ($ Bil)	0.7
Net Inc LTM ($ Bil)	0.3
Op Mgn LTM	10.9%	18.8%
CFO/Rev LTM	14.7%	20.4%
Net Inc Mgn	7.0%	13.1%
VALUATION	LOW
P/S	1.7	3.2
P/CFO	11.6	15.7
P/FCF	13.3	20.6
P/E	24.4	23.5
STABILITY	GOOD
Debt/Equity	0.14	0.21
Cash/Assets	0.10	0.07

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Metric	Value	Date	Source
Countries of Operation	More than 125	11072025	Link
Ditch Witch Dealer Locations	Over 175	11102025	Link
Order Backlog	1,970,000,000	10312023	Link

Upcoming
12/22/2025	Dividend	Amount: $0.39 Payment On: 1/12/2026
3/05/2026	Earnings Release	Rev: $1.0 Bil (E) EPS: $0.65 (E)

TTC Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are five key points explaining why Toro (symbol: TTC) stock moved by -2.1% for the approximate time period from August 31, 2025, to December 24, 2025: **1. Weakness in the Residential Segment.** The Residential segment experienced a notable decline in sales, with a significant drop of 27.9% in the third quarter of fiscal 2025 due to subdued homeowner demand. This trend continued into the fourth quarter, where residential net sales were down 5.1% year-over-year, contributing to a 14.0% decrease for the full fiscal year 2025.

**2. Overall Decline in Net Sales for Fiscal Year 2025.** The Toro Company reported a 2% decrease in full-year fiscal 2025 net sales, totaling $4.51 billion, compared to fiscal 2024. The fourth quarter also saw a slight dip in consolidated net sales, down 0.9% from the previous year.

**3. Impact of Higher Material and Manufacturing Costs.** Despite productivity improvements and cost-saving measures, higher material and manufacturing costs partially offset these gains, impacting overall margins. The Residential segment, in particular, saw its earnings margin significantly decrease.

**4. Ongoing Macroeconomic Pressures.** The company acknowledged facing persistent macroeconomic pressures, including inflation and elevated interest rates. These factors have the potential to dampen consumer confidence, which could further affect demand, especially in the residential market.

**5. Analyst Downgrade.** On December 24, 2025, Zacks Research downgraded Toro (NYSE:TTC) from a "hold" rating to a "strong sell" rating, which could contribute to negative sentiment and downward pressure on the stock price. Show more

Stock Movement Drivers

Fundamental Drivers

The 2.9% change in TTC stock from 9/23/2025 to 12/23/2025 was primarily driven by a 7.5% change in the company's P/E Multiple.

	9232025	12232025	Change
Stock Price ($)	76.34	78.57	2.92%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4520.20	4510.40	-0.22%
Net Income Margin (%)	7.37%	7.01%	-4.87%
P/E Multiple	22.65	24.36	7.54%
Shares Outstanding (Mil)	98.80	98.00	0.81%
Cumulative Contribution			2.91%

LTM = Last Twelve Months as of date shown

Market Drivers

9/23/2025 to 12/23/2025

	Return	Correlation
TTC	2.9%
Market (SPY)	3.7%	10.3%
Sector (XLI)	2.6%	24.0%

Fundamental Drivers

The 12.3% change in TTC stock from 6/24/2025 to 12/23/2025 was primarily driven by a 39.1% change in the company's P/E Multiple.

	6242025	12232025	Change
Stock Price ($)	69.96	78.57	12.31%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4545.80	4510.40	-0.78%
Net Income Margin (%)	8.77%	7.01%	-20.12%
P/E Multiple	17.51	24.36	39.14%
Shares Outstanding (Mil)	99.80	98.00	1.80%
Cumulative Contribution			12.28%

LTM = Last Twelve Months as of date shown

Market Drivers

6/24/2025 to 12/23/2025

	Return	Correlation
TTC	12.3%
Market (SPY)	13.7%	17.6%
Sector (XLI)	8.7%	28.4%

Fundamental Drivers

The 0.0% change in TTC stock from 12/23/2024 to 12/23/2025 was primarily driven by a 26.6% change in the company's P/E Multiple.

	12232024	12232025	Change
Stock Price ($)	78.56	78.57	0.01%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4583.80	4510.40	-1.60%
Net Income Margin (%)	9.14%	7.01%	-23.31%
P/E Multiple	19.24	24.36	26.59%
Shares Outstanding (Mil)	102.60	98.00	4.48%
Cumulative Contribution			-0.19%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2024 to 12/23/2025

	Return	Correlation
TTC	0.0%
Market (SPY)	16.7%	49.6%
Sector (XLI)	19.1%	55.5%

Fundamental Drivers

The -26.5% change in TTC stock from 12/24/2022 to 12/23/2025 was primarily driven by a -28.6% change in the company's Net Income Margin (%).

	12242022	12232025	Change
Stock Price ($)	106.95	78.57	-26.54%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4514.70	4510.40	-0.10%
Net Income Margin (%)	9.82%	7.01%	-28.63%
P/E Multiple	25.19	24.36	-3.30%
Shares Outstanding (Mil)	104.41	98.00	6.14%
Cumulative Contribution			-26.82%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2023 to 12/23/2025

	Return	Correlation
TTC	-17.1%
Market (SPY)	48.4%	39.0%
Sector (XLI)	42.3%	48.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
TTC Return	21%	6%	15%	-14%	-15%	0%	8%
Peers Return	28%	15%	2%	19%	-3%	16%	102%
S&P 500 Return	16%	27%	-19%	24%	23%	17%	114%
Monthly Win Rates [3]
TTC Win Rate	58%	42%	50%	42%	25%	42%
Peers Win Rate	70%	57%	45%	47%	42%	53%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
TTC Max Drawdown	-32%	-2%	-26%	-29%	-18%	-20%
Peers Max Drawdown	-44%	-2%	-28%	-10%	-18%	-18%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: DE, CAT, AGCO, SWK, ALG. See TTC Returns vs. Peers.
[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 12/23/2025 (YTD)

How Low Can It Go

Unique Key	Event	TTC	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-36.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	57.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-35.2%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	54.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	176 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-27.8%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	38.4%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	115 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-67.2%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	204.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	640 days	1,480 days

Compare to DE, GGG, AGCO, ALG, UTX

In The Past

Toro's stock fell -36.6% during the 2022 Inflation Shock from a high on 5/7/2021. A -36.6% loss requires a 57.8% gain to breakeven.

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About Toro (TTC)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

The Toro Company engages in the designing, manufacturing, marketing, and selling professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment; and snow and ice management equipment, such as snowplows, brush, snow thrower attachment, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders. It also provides irrigation and lighting products that consist of sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, coupling systems, and ag-irrigation drip tape and hose products, as well as professionally installed landscape lighting products offered through distributors and landscape contractors. This segment sells its products primarily through a network of distributors and dealers to professional users engaged in maintaining golf courses, sports fields, municipal properties, agricultural fields, residential and commercial landscapes, and removing snow and ice, as well as directly to government customers, rental companies, and retailers. Its Residential segment provides walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solution products that include grass and hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, hoses, and hose-end retail irrigation products. This segment sells its products to homeowners through a network of distributors and dealers; and home centers, hardware retailers, and mass retailers, as well as online. The Toro Company was founded in 1914 and is headquartered in Bloomington, Minnesota.

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Here are 1-3 brief analogies for Toro (TTC):

The John Deere for golf courses, sports fields, and backyard lawn care.
A specialized outdoor equipment manufacturer, like a lighter-duty Caterpillar for greenspaces and utility lines.

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Turf & Landscape Maintenance Equipment: Toro produces a wide range of mowers, trimmers, blowers, and utility vehicles for residential, commercial, and golf course applications.
Professional Construction & Underground Equipment: This category includes machinery such as trenchers, compact utility loaders, and horizontal directional drills primarily for the construction and rental industries.
Snow & Ice Management Products: Toro offers equipment like snow throwers, plows, and spreaders designed for both residential and commercial snow and ice removal.
Specialty Irrigation Systems: The company provides advanced drip and micro-irrigation solutions for agricultural use, alongside landscape irrigation systems for various outdoor environments.

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The Toro Company (TTC) primarily sells its products to other companies, specifically a global network of independent dealers, distributors, and major retailers. These entities then sell the products to end-users, which include both professional customers (e.g., golf courses, municipalities, landscape contractors, construction companies) and individual residential customers.

Based on their widespread retail presence, the following public companies are major retail channel partners for Toro's residential products and some pro-sumer lines:

The Home Depot, Inc. (symbol: HD)
Lowe's Companies, Inc. (symbol: LOW)

While a significant portion of Toro's professional products are sold through independent, specialized dealerships and distributors (who are also companies), specific major public company customers in that distribution channel are not typically disclosed due to the fragmented nature of their network, and Toro's financial reports generally indicate no single customer accounts for a significant percentage of their overall revenue.

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Richard M. Olson, Chairman of the Board, President and Chief Executive Officer

Richard M. Olson joined The Toro Company in 1986 as a manufacturing process engineer. He has held various leadership positions in operations and engineering across five Toro locations. In 2010, he was named general manager of Exmark, a Toro company, and became vice president of Exmark in 2012. Mr. Olson was elected president and chief operating officer in September 2015, chief executive officer in November 2016, and chairman of the board in November 2017. He earned a Bachelor of Science in industrial technology from Iowa State University and an MBA from the University of Minnesota – Carlson School of Management. Mr. Olson serves on the board of Donaldson Company, Inc. and the Carlson School Board of Overseers.

Angela C. Drake, Vice President and Chief Financial Officer

Angela C. Drake was appointed Vice President and Chief Financial Officer of The Toro Company effective March 10, 2023. She joined Toro as senior managing director and integration co-lead following The Charles Machine Works (CMW) acquisition in April 2019. Ms. Drake originally joined CMW in 1997, where she held roles including corporate controller and treasurer starting in 2007, and chief financial officer, secretary, and treasurer in 2011. As CFO of CMW, she was instrumental in strategic planning and creating CMW's family of businesses through acquisitions. She also served as Toro's vice president, finance in 2022 and vice president, construction from 2020. Ms. Drake serves on the board of Simpson Manufacturing Co., Inc. and First Bank & Trust Company.

Edric C. Funk, President and Chief Operating Officer

Edric C. Funk was appointed President and Chief Operating Officer of The Toro Company, effective September 1, 2025. A 29-year veteran of the company, he oversees all of the company's global businesses and integrated supply chain operations. Mr. Funk joined Toro in 1996 as a design engineer and has held various leadership roles across Residential, Landscape Contractor, International, and Commercial businesses, including group vice president of Golf, Grounds and Irrigation since 2022. He holds a Bachelor of Science in engineering and an MBA from The University of Minnesota – Carlson School of Management.

Joanna M. Totsky, Vice President, General Counsel and Corporate Secretary

Joanna M. Totsky joined The Toro Company as Vice President, General Counsel and Corporate Secretary, effective June 19, 2023. Prior to Toro, she served as Senior Vice President, Chief Legal and Transformation Officer and Secretary at Cooper-Standard Holdings, Inc. She also spent 16 years at Ford Motor Company in various roles, gaining expertise in corporate governance, mergers and acquisitions, and SEC and NYSE compliance. Ms. Totsky earned a Bachelor of Arts in English from St. Mary's College and a Juris Doctor from Wayne State University Law School.

Grant M. Young, Group Vice President, Golf, Grounds and Irrigation

Grant M. Young was appointed Group Vice President of Golf, Grounds and Irrigation at The Toro Company, effective October 7, 2025. He joined the company in 2004 as a national account manager for the Residential and Landscape Contractor business. Mr. Young has held numerous leadership positions within the company, including director of marketing and general manager for the Commercial business, and most recently served as vice president of Commercial since 2023. He holds a Bachelor of Arts in finance and marketing from the University of St. Thomas and an MBA from the University of Notre Dame.

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The Toro Company (TTC) faces several key risks to its business, primarily driven by market dynamics and operational challenges. Here are the key risks:

Weakness in the Residential Segment and Economic Uncertainty: Toro's Residential segment has experienced significant declines in sales due to weak consumer demand, cautious spending, and a reluctance by homeowners to make large purchases. This trend is exacerbated by broader economic uncertainty, inflationary pressures, and higher interest rates. The persistent underperformance of this segment remains a primary concern for the company.
Supply Chain Vulnerabilities and Cost Pressures: The company continues to navigate global supply chain disruptions, which have led to increased costs for commodities, components, parts, and accessories. Additionally, elevated material and manufacturing costs, along with the impact of tariffs (particularly on steel and aluminum), continue to pressure earnings and offset productivity improvements.
Seasonality and Weather Dependency: Toro's business is inherently seasonal, leading to fluctuations in demand for its products. Adverse weather conditions and the broader impacts of climate change can negatively affect the landscaping and turf maintenance industry, further impacting demand and revenue consistency throughout the year.

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The accelerating market penetration and technological advancements of pure-play electric outdoor power equipment manufacturers. These companies, often solely focused on battery and motor technology, are rapidly innovating in power, run-time, and charging solutions, and are increasingly capturing market share in both residential and commercial segments. Their agility, potentially different cost structures, and focused R&D in electric products represent a significant emerging competitive threat to established manufacturers like Toro, who must simultaneously manage legacy gas-powered product lines and adapt quickly to the evolving electric landscape.

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The Toro Company (TTC) operates in several key markets, providing a diverse range of products and services for turf and landscape maintenance, irrigation, snow and ice management, and underground utility and specialty construction. The addressable markets for these main product categories are detailed below, with regions specified where available:

Lawn Mowers (Global): The global lawn mowers market was valued at approximately USD 37.26 billion in 2024 and is projected to reach USD 57.27 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.52% from 2025 to 2032. Another estimate places the market at USD 34.9 billion in 2023, expected to reach USD 60.1 billion by 2032, with a CAGR of 6.2%. North America is a significant market, accounting for approximately 40% of the global share.
Turf Care Equipment (Global): The global turf care equipment market size is estimated to be US$15.4 billion in 2025 and is projected to reach US$22.6 billion by 2032, growing at a CAGR of 5.6% from 2025 to 2032. Another source states the market was valued at USD 28.4 billion in 2024 and is anticipated to increase to USD 43.8 billion by 2035, with a CAGR of 3.99% from 2025 to 2035. North America was the largest region in the turf equipment market in 2024.
Landscape Equipment (Global): The landscape equipment market was valued at USD 35.37 billion in 2024 and is expected to reach USD 64.5 billion by 2031, growing at a CAGR of about 7.80% from 2024 to 2031. The landscaping tools market is forecast to reach USD 46.70 billion by 2030, advancing at a 5.80% CAGR from USD 35.20 billion in 2025. North America holds market leadership in this sector.
Sprinkler Irrigation Systems (Global): The global sprinkler irrigation systems market size was valued at USD 2.6 billion in 2023 and is anticipated to exceed USD 3.4 billion by 2033, growing at a CAGR of 2.7% from 2023 to 2033. North America is projected to hold the largest share of this market.
Smart Irrigation (Global): The global smart irrigation market was valued at USD 2.0 billion in 2024 and is expected to reach USD 5.8 billion by 2033, exhibiting a CAGR of 12.68% during 2025-2033. North America dominates the global smart irrigation market due to its advanced technology infrastructure and focus on water conservation.
Automated Irrigation Systems (Global): The automated irrigation systems market was valued at USD 4.2 billion in 2023 and is estimated to register a CAGR of over 17% between 2024 and 2032, reaching USD 16.7 billion by 2032. The North American region accounted for over 36% of the market share in 2023 and is expected to exceed USD 6.2 billion by 2032.
Snow and Ice Management Equipment: null
Underground Utility and Specialty Construction Equipment: null
Outdoor Lighting Solutions: null

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Here are 3-5 expected drivers of future revenue growth for The Toro Company (TTC) over the next 2-3 years:

Growth in the Professional Segment: The Toro Company anticipates continued strong demand within its Professional segment, particularly in underground construction and golf and grounds products. This growth is supported by multi-year infrastructure investment cycles and sustained high participation in golf, which drive equipment investments.
Product Innovation and Technology Advancement: Toro is focused on expanding its innovation pipeline and launching new, technologically advanced products. This includes investments in smart autonomous solutions, such as GPS-guided sprayers and autonomous fairway mowers, as well as the introduction of all-electric equipment like the Greensmaster® eTriflex®.
Strategic Price Realization: The company plans to thoughtfully implement price increases across its product portfolio. This strategy is intended to ensure product competitiveness, protect profit margins, and fund ongoing investments in future growth initiatives.
Residential Segment Recovery and Inventory Normalization: While the Residential segment has faced recent headwinds, the company expects that ongoing efforts to reduce field inventory and the potential return of consumer confidence will establish a cleaner foundation for improved performance and sales growth in the 2026 selling season and beyond.
Operational Efficiencies and Cost Reduction (AMP Program): Through initiatives such as the "AMP transformational productivity initiative," Toro aims to achieve significant annualized cost savings. These efficiencies are expected to improve operating leverage, enhance profitability, and allow for strategic reallocation of resources to further invest in innovation and growth areas, indirectly supporting future revenue generation.

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Share Repurchases

The Toro Company's annual share repurchases were $140 million in 2022, $60 million in 2023, and $245.5 million in 2024.
As of the third quarter of fiscal 2025, year-to-date share repurchases totaled $290 million.
On December 10, 2024, the Board of Directors authorized the repurchase of up to an additional 4 million shares of common stock.

Outbound Investments

In January 2020, The Toro Company acquired Venture Products, Inc., manufacturer of Ventrac products, for $167.5 million in cash.
In October 2025, Toro announced a definitive agreement to acquire Tornado Infrastructure Equipment for C$279 million, with the transaction anticipated to close in the first quarter of fiscal 2026.
The company has made internal investments and acquisitions of companies like Left Hand Robotics and TURFLYNX, which have been crucial in advancing its innovation pipeline for autonomous technologies.

Capital Expenditures

Expected capital expenditures for fiscal year 2025 are approximately $90 million.
Capital expenditures are primarily focused on investments in technology innovations and new product development, particularly within professional segments such as underground construction and golf and grounds solutions.

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CAT (4.9%)

Caterpillar

Higher Op Mgn LTM (Value for TTC: 10.9%)

UNP (40.6%)

Union Pacific

GE (20.5%)

GE Aerospace

ETN (19.0%)

Eaton

DE (18.8%)

Deere

CAT (17.7%)

Caterpillar

Higher CFO/Rev LTM (Value for TTC: 14.7%)

UNP (39.6%)

Union Pacific

UBER (18.1%)

Uber Technologies

CAT (17.8%)

Caterpillar

GE (17.2%)

GE Aerospace

DE (16.7%)

Deere

Higher FCF/Rev LTM (Value for TTC: 12.8%)

UNP (24.5%)

Union Pacific

UBER (17.5%)

Uber Technologies

PH (16.9%)

Parker Hannifin

HON (15.2%)

Honeywell International

GE (14.7%)

GE Aerospace

Higher Total Yield (Value for TTC: 6.1%)

UBER (9.9%)

Uber Technologies

UNP (7.4%)

Union Pacific

HON (7.3%)

Honeywell International

ADP (6.3%)

Automatic Data Processing

GD (6.3%)

General Dynamics

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for TTC: 0.0% | 1.7x)

WMT (5.4% | 1.3x)

Walmart

COST (6.7% | 1.4x)

Costco Wholesale

UNH (11.4% | 0.7x)

UnitedHealth

T (1.1% | 1.4x)

AT&T

VZ (0.5% | 1.2x)

Verizon Communications

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TTC: 0.0% | 15.7x)

UNH (11.4% | 11.2x)

UnitedHealth

MRK (2.9% | 11.7x)

Merck

TMUS (2.4% | 11.4x)

T-Mobile US

DIS (4.5% | 14.7x)

Walt Disney

QCOM (1.2% | 15.2x)

Qualcomm

Higher Rev Chg LTM (Value for TTC: -1.6%)

NVDA (65.2%)

NVIDIA

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for TTC: 0.0%)

NVDA (91.6%)

NVIDIA

MSFT (13.2%)

Microsoft

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

AAPL (1.8%)

Apple

Higher Op Mgn LTM (Value for TTC: 10.9%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

AMZN (11.4%)

Amazon.com

Higher CFO/Rev LTM (Value for TTC: 14.7%)

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

AMZN (18.1%)

Amazon.com

Higher FCF/Rev LTM (Value for TTC: 12.8%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for TTC: 6.1%)

XOM (9.2%)

Exxon Mobil

JNJ (7.5%)

Johnson & Johnson

BAC (7.1%)

Bank of America

JPM (6.4%)

JPMorgan Chase

BRK-B (6.2%)

Berkshire Hathaway

		Best Bets In Industrials Sector
	TTC	GATX	VRSK	PAYX	ADT	AGX	PCTY	TDG	FTV	VRRM	CSW
What You Pay
P/E	24.4	19.9	33.1	25.7	10.3	38.4	37.5	36.9	30.6	69.5	35.9
P/EBIT	17.6	9.6	22.6	17.7	5.2	38.5	26.9	18.2	14.9	20.6	27.7
What You Get
Rev Chg Q	-0.9%	8.4%	5.9%	18.3%	4.4%	-2.3%	12.5%	11.5%	2.3%	16.1%	21.5%
Rev Chg LTM	-1.6%	10.7%	7.3%	12.4%	6.3%	13.5%	13.3%	11.2%	27.9%	8.5%	14.9%
Rev Chg 3Y Avg	-0.0%	10.3%	13.4%	7.9%	3.4%	26.9%	21.4%	17.7%	9.4%	9.1%	11.3%
FCF/Rev 3Y Avg	8.8%	39.2%	33.2%	32.6%	24.7%	24.5%	21.5%	21.0%	20.1%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Toro Earnings Notes
2	Toro Stock (+11%): Pro Segment Margin Surprise Ignites Rally	Notification
3	Toro Stock Leaps 11% In One Day, Should You Buy The Stock?	Buy or Fear
4	Where Does Toro Stock Rank Among Competitors?
5	Toro Stock Jump Looks Great, But How Secure Is That Gain?	Return
6	Better Bet Than TTC Stock: Pay Less Than Toro To Get More From UNH, MRK
7	Better Bet Than TTC Stock: Pay Less Than Toro To Get More From UAL, LDOS
8	TTC Dip Buy Analysis
9	Toro Total Shareholder Return (TSR): -3.2% in 2025 and -7.6% 3-yr compounded annual returns (below peer average)
10	Toro (TTC) Operating Cash Flow Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

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

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.7%	17.7%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.4%	4.4%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	6.3%	6.3%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.2%	2.2%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	6.3%	6.3%	-0.4%
TTC_4302025_Dip_Buyer_ValueBuy	04302025	TTC	Toro	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	11.3%	16.9%	-1.4%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
RZLT	Rezolute	0.3	18.0%	-50.6%
WW	WW International	2.4	14.2%
NRGV	Energy Vault	0.8	10.4%	122.8%
METC	Ramaco Resources	1.0	8.5%	67.0%
UAMY	United States Antimony	0.7	7.9%	240.7%
LION	Lionsgate Studios	2.6	7.4%	-71.0%
GHM	Graham	0.8	7.3%	56.3%
VG	Venture Global	17.0	6.4%
CRK	Comstock Resources	6.7	5.7%	26.6%
SSII	SS Innovations International	1.1	5.5%	-25.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TPL	Texas Pacific Land	6.8	-67.3%	-18.9%
GOSS	Gossamer Bio	0.7	-12.9%	263.1%
CSIQ	Canadian Solar	1.6	-11.8%	115.2%
TDUP	ThredUp	0.8	-11.7%	363.3%
LAB	Standard BioTools	0.6	-11.0%	-14.6%
INBX	Inhibrx Biosciences	1.2	-10.8%	407.0%
QBTS	D-Wave Quantum	10.0	-9.5%	246.7%
FDMT	4D Molecular Therapeutics	0.4	-9.3%	41.8%
FBYD	Falcons Beyond Global	0.6	-8.5%	109.8%
PVLA	Palvella Therapeutics	1.1	-8.1%	735.6%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LUNR	Intuitive Machines	1.9	53.2%	-9.1%
HUT	Hut 8	5.5	42.4%	156.1%
AAOI	Applied Optoelectronics	2.6	40.3%	10.3%
FBYD	Falcons Beyond Global	0.6	39.8%	109.8%
RKLB	Rocket Lab	39.8	39.1%	203.0%
DJT	Trump Media & Technology	3.9	31.9%	-58.5%
SGML	Sigma Lithium	1.5	31.9%	20.2%
ADEA	Adeia	1.9	31.0%	23.9%
TE	T1 Energy	1.1	30.7%
FOLD	Amicus Therapeutics	4.4	30.5%	50.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.0	-80.2%	-27.2%
TPL	Texas Pacific Land	6.8	-63.8%	-18.9%
FDMT	4D Molecular Therapeutics	0.4	-31.4%	41.8%
LW	Lamb Weston	5.9	-30.1%	-35.8%
TLRY	Tilray Brands	11.2	-24.5%	-20.8%
OLMA	Olema Pharmaceuticals	2.4	-19.3%	374.6%
INSP	Inspire Medical Systems	2.8	-17.8%	-48.8%
GETY	Getty Images	0.5	-17.6%	-41.7%
TDUP	ThredUp	0.8	-16.4%	363.3%
FRMI	Fermi	5.8	-15.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TE	T1 Energy	1.1	161.4%
WVE	WAVE Life Sciences	2.9	147.9%	41.3%
AAOI	Applied Optoelectronics	2.6	97.5%	10.3%
LUNR	Intuitive Machines	1.9	91.5%	-9.1%
RKLB	Rocket Lab	39.8	91.5%	203.0%
VERA	Vera Therapeutics	3.4	89.4%	27.5%
PL	Planet Labs PBC	6.3	85.8%	413.1%
ANF	Abercrombie & Fitch	5.9	77.2%	-17.2%
ARWR	Arrowhead Pharmaceuticals	9.7	72.6%	271.4%
NRGV	Energy Vault	0.8	68.8%	122.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-75.4%	-50.6%
JANX	Janux Therapeutics	0.9	-51.0%	-73.6%
LENZ	LENZ Therapeutics	0.5	-42.9%	-41.5%
FRMI	Fermi	5.8	-42.5%
GOGO	Gogo	0.6	-35.0%	-43.3%
HPK	HighPeak Energy	0.5	-29.7%	-70.1%
UP	Wheels Up Experience	0.4	-29.2%	-61.8%
ORIC	ORIC Pharmaceuticals	0.6	-28.8%	2.5%
LW	Lamb Weston	5.9	-27.5%	-35.8%
ACLX	Arcellx	3.7	-27.4%	-14.6%

Peer Comparisons for Toro

Peers to compare with:

Financials

	TTC	DE	CAT	AGCO	SWK	ALG	Median
Name	Toro	Deere	Caterpil.	AGCO	Stanley .	Alamo
Mkt Price	78.57	466.21	582.42	105.60	74.65	173.60	139.60
Mkt Cap	7.7	126.0	272.9	7.9	11.3	2.1	9.6
Rev LTM	4,510	44,664	64,671	10,049	15,166	1,615	12,608
Op Inc LTM	491	8,415	11,415	658	1,124	164	891
FCF LTM	578	3,231	7,560	749	370	150	664
FCF 3Y Avg	401	3,927	8,616	654	644	128	649
CFO LTM	662	7,459	11,541	1,022	695	182	858
CFO 3Y Avg	513	8,426	11,936	1,050	988	160	1,019

Growth & Margins

	TTC	DE	CAT	AGCO	SWK	ALG	Median
Name	Toro	Deere	Caterpil.	AGCO	Stanley .	Alamo
Rev Chg LTM	-1.6%	-11.6%	-1.5%	-20.1%	-1.4%	-2.7%	-2.2%
Rev Chg 3Y Avg	-0.0%	-3.4%	4.9%	-3.9%	-3.6%	3.6%	-1.7%
Rev Chg Q	-0.9%	11.7%	9.5%	-4.7%	0.1%	4.7%	2.4%
QoQ Delta Rev Chg LTM	-0.2%	2.9%	2.4%	-1.2%	0.0%	1.2%	0.6%
Op Mgn LTM	10.9%	18.8%	17.7%	6.5%	7.4%	10.1%	10.5%
Op Mgn 3Y Avg	11.8%	21.9%	18.9%	9.2%	5.8%	10.8%	11.3%
QoQ Delta Op Mgn LTM	-0.3%	-1.1%	-0.6%	0.4%	0.4%	-0.3%	-0.3%
CFO/Rev LTM	14.7%	16.7%	17.8%	10.2%	4.6%	11.2%	13.0%
CFO/Rev 3Y Avg	11.3%	16.4%	18.2%	8.6%	6.4%	9.7%	10.5%
FCF/Rev LTM	12.8%	7.2%	11.7%	7.5%	2.4%	9.3%	8.4%
FCF/Rev 3Y Avg	8.8%	7.6%	13.1%	5.4%	4.1%	7.8%	7.7%

Valuation

	TTC	DE	CAT	AGCO	SWK	ALG	Median
Name	Toro	Deere	Caterpil.	AGCO	Stanley .	Alamo
Mkt Cap	7.7	126.0	272.9	7.9	11.3	2.1	9.6
P/S	1.7	2.8	4.2	0.8	0.7	1.3	1.5
P/EBIT	17.6	13.4	22.3	32.9	13.9	12.5	15.8
P/E	24.4	25.1	29.4	21.0	25.8	17.9	24.7
P/CFO	11.6	16.9	23.6	7.7	16.3	11.5	13.9
Total Yield	6.1%	5.4%	4.4%	5.9%	8.3%	6.2%	6.0%
Dividend Yield	2.0%	1.4%	1.0%	1.1%	4.4%	0.7%	1.2%
FCF Yield 3Y Avg	4.9%	3.4%	4.9%	8.0%	4.7%	5.8%	4.9%
D/E	0.1	0.5	0.2	0.4	0.6	0.1	0.3
Net D/E	0.1	0.4	0.1	0.3	0.6	-0.0	0.2

Returns

	TTC	DE	CAT	AGCO	SWK	ALG	Median
Name	Toro	Deere	Caterpil.	AGCO	Stanley .	Alamo
1M Rtn	12.8%	-4.3%	5.8%	-0.4%	14.2%	7.8%	6.8%
3M Rtn	2.9%	-1.2%	23.9%	-3.4%	0.3%	-11.6%	-0.4%
6M Rtn	12.3%	-8.7%	57.2%	3.9%	15.1%	-19.8%	8.1%
12M Rtn	0.0%	9.3%	61.8%	14.2%	-4.0%	-6.3%	4.7%
3Y Rtn	-26.5%	11.2%	155.6%	-13.3%	13.7%	24.8%	12.4%
1M Excs Rtn	8.2%	-9.0%	1.2%	-5.0%	9.5%	3.2%	2.2%
3M Excs Rtn	-0.3%	-4.7%	20.2%	-5.4%	-3.5%	-14.5%	-4.1%
6M Excs Rtn	-0.7%	-20.8%	44.3%	-7.8%	1.9%	-33.0%	-4.2%
12M Excs Rtn	-18.4%	-7.0%	46.3%	0.2%	-19.4%	-27.9%	-12.7%
3Y Excs Rtn	-105.3%	-66.7%	84.0%	-90.0%	-69.2%	-51.3%	-67.9%

Comparison Analyses

	Title
0	DE or TTC - With 11% Return Forecast, TTC Probably Deserves Your Money
1	TTC Looks Stronger Than AGCO With 11% Return Potential
2	With 11% Gains On The Table, TTC May Outshine NDSN
3	With 11% Gains On The Table, TTC May Outshine PNR
4	The Toro Company vs. Align Technology: With Return Forecast Of 54%, Align Technology Is A Better Bet
5	The Toro Company vs. Paychex: With Return Forecast Of 40%, The Toro Company Is A Better Bet
6	The Toro Company vs. ResMed: With Return Forecast Of 40%, The Toro Company Is A Better Bet
7	The Toro Company vs. American Airlines: Similar Market Cap, But American Airlines Is A Better Bet
8	The Toro Company vs. Teladoc: Similar Market Cap, But Teladoc Is A Better Bet
9	The Toro Company vs. Avis Budget Group: Similar Market Cap, But The Toro Company Is A Better Bet

FDIC Bank Data

$ Mil \| FY: 10/31	LTM	2025	2024	2023	2022	2021	2020
Period End	10/31/2025	10/31/2025	10/31/2024	10/31/2023	10/31/2022	10/31/2021	10/31/2020
Filing Date	12/17/2025	12/17/2025	12/18/2024	12/20/2023	12/22/2022	12/17/2021	12/18/2020
Key Financials
Total Revenue	4,510	4,510	4,584	4,553	4,515	3,960	3,379
EBITDA	580	580	703	578	697	628	536
Operating Income	491	491	533	582	576	518	426
Net Income	316	316	419	330	443	410	330
EPS	3.17	3.18	4.04	3.16	4.23	3.82	3.06
Growth Rates
Total Revenue Growth	-1.6%	-1.6%	0.7%	0.9%	14.0%	17.2%	7.7%
EBITDA Growth	-17.5%	-17.5%	21.5%	-17.0%	11.0%	17.2%	22.2%
Operating Income Growth	-7.9%	-7.9%	-8.4%	1.1%	11.1%	21.6%	31.2%
Net Income Growth	-24.5%	-24.5%	27.1%	-25.6%	8.1%	24.3%	20.3%
Margins
EBITDA Margin	12.9%	12.9%	15.3%	12.7%	15.4%	15.9%	15.9%
Operating Income Margin	10.9%	10.9%	11.6%	12.8%	12.8%	13.1%	12.6%
Net Income Margin	7.0%	7.0%	9.1%	7.2%	9.8%	10.4%	9.8%
Cash & Debt
Total Cash	341	341	200	193	188	406	480
Total Debt	1,041	1,041	1,041	1,163	1,070	761	873
Net Debt / (Cash)	700	700	842	970	882	356	393
Cash Flows
Net Cash from Operations	662	662	570	307	297	556	539
Free Cash from Operations	578	578	466	157	154	452	461
Returns to Shareholders
Dividends	151	151	150	142	126	112	108
Share Repurchases	290	290	246	60	140	302	-0

$ Mil \| FY: 10/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	10/31/2025	8/1/2025	5/2/2025	1/31/2025	10/31/2024	8/2/2024	5/3/2024	2/2/2024	10/31/2023	8/4/2023	5/5/2023	2/3/2023
Filing Date	12/17/2025	9/4/2025	6/5/2025	3/6/2025	12/18/2024	9/5/2024	6/6/2024	3/7/2024	12/20/2023	9/7/2023	6/8/2023	3/9/2023
Key Financials Quarterly
Total Revenue	1,066	1,131	1,318	995	1,076	1,157	1,349	1,002	983	1,082	1,339	1,149
Ebitda	145	105	216	113	160	190	226	127	138	14	253	174
Operating Income	92	146	175	78	109	148	188	89	95	132	219	136
Net Income	73	54	137	53	90	119	145	65	70	-15	168	107
EPS	0.74	0.54	1.37	0.52	0.88	1.15	1.39	0.62	0.67	-0.14	1.60	1.02
Key Financials TTM
Total Revenue TTM	4,510	4,520	4,546	4,577	4,584	4,491	4,416	4,406	4,553	4,742	4,821	4,731
Ebitda TTM	580	594	679	689	703	680	504	532	578	625	804	752
Operating Income TTM	491	508	510	522	533	519	503	534	582	638	669	620
Net Income TTM	316	333	399	407	419	399	265	288	330	377	517	481
Growth Rates Quarterly
Total Revenue Growth	-0.9%	-2.2%	-2.3%	-0.7%	9.4%	6.9%	0.7%	-12.8%	-16.1%	-6.8%	7.2%	23.2%
EBITDA Growth	-9.3%	-44.6%	-4.5%	-10.9%	16.4%	1294.1%	-10.8%	-26.9%	-25.4%	-92.9%	26.0%	45.8%
Operating Income Growth	-15.1%	-1.5%	-6.8%	-12.2%	15.2%	12.0%	-14.3%	-35.0%	-37.1%	-18.9%	28.3%	48.9%
Net Income Growth	-18.8%	-55.2%	-5.5%	-18.6%	27.9%	895.3%	-13.6%	-39.3%	-40.2%	-112.0%	27.7%	53.8%
Margins Quarterly
EBITDA Margin	13.6%	9.3%	16.4%	11.4%	14.9%	16.4%	16.8%	12.7%	14.0%	1.3%	18.9%	15.1%
Operating Income Margin	8.7%	12.9%	13.3%	7.8%	10.1%	12.8%	13.9%	8.8%	9.6%	12.2%	16.3%	11.9%
Net Income Margin	6.8%	4.7%	10.4%	5.3%	8.4%	10.3%	10.7%	6.5%	7.2%	-1.4%	12.5%	9.3%
Cash & Debt
Total Cash	341	201	176	171	200	221	189	198	193	148	151	174
Total Debt	1,041	1,142	1,212	1,225	1,041	1,111	1,140	1,314	1,163	1,180	1,115	1,168
Net Debt / (Cash)	700	941	1,035	1,054	842	890	951	1,115	970	1,032	964	994
Cash Flows Quarterly
FCF from Operations	313	226	172	-49	240	195	227	-92	152	93	131	-69
Cash Flows TTM
FCF from Operations TTM	662	589	558	614	570	482	380	284	307	297	316	318
Returns to Shareholders Quarterly
Dividends	37	38	38	38	37	38	38	38	35	35	36	36
Share Repurchases	-0	90	100	100	136	99	10	-0	-0	36	24	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	41.7%	54.0%	51.9%	22.5%	40.0%	51.6%	59.5%	24.2%	29.5%	25.1%	67.0%	41.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	53.9%	42.0%	38.1%	38.5%	48.6%	44.5%	41.2%	37.2%	46.2%	47.6%	51.8%	46.7%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Professional	3,557	3,720	3,463	2,930	2,523
Residential	998	854	1,069	1,010	821
Other	29	-22	-17	20	35
Total	4,584	4,553	4,515	3,960	3,379

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Professional	2,674	2,680	2,703	2,032	1,941
Residential	521	565	502	388	282
Other	388	400	352	516	630
Total	3,583	3,644	3,556	2,936	2,853

Price Behavior

Price Behavior

Market Price	$78.57
Market Cap ($ Bil)	7.8
First Trading Date	12/30/1987
Distance from 52W High	-8.1%
	50 Days	200 Days
DMA Price	$72.79	$72.94
DMA Trend	down	down
Distance from DMA	7.9%	7.7%
	3M	1YR
Volatility	30.2%	31.2%
Downside Capture	28.03	86.22
Upside Capture	36.71	73.04
Correlation (SPY)	10.6%	49.4%

TTC Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.57	0.56	0.54	0.69	0.84	0.77
Up Beta	0.43	0.24	0.65	0.54	0.84	0.84
Down Beta	-0.08	0.79	0.75	0.85	0.83	0.66
Up Capture	5%	14%	-6%	38%	56%	31%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	5	15	23	55	109	369
Down Capture	106%	86%	85%	95%	100%	99%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	15	27	40	71	139	380

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of TTC With Other Asset Classes (Last 1Y)
	TTC	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-1.0%	20.4%	18.8%	72.9%	9.0%	3.7%	-11.4%
Annualized Volatility	31.0%	18.8%	19.5%	19.2%	15.3%	17.2%	35.0%
Sharpe Ratio	-0.02	0.85	0.76	2.72	0.36	0.05	-0.14
Correlation With Other Assets		55.5%	49.4%	-0.9%	17.4%	50.8%	15.5%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of TTC With Other Asset Classes (Last 5Y)
	TTC	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-1.7%	13.8%	14.8%	18.9%	11.8%	4.7%	35.5%
Annualized Volatility	28.4%	17.2%	17.1%	15.5%	18.7%	18.9%	48.9%
Sharpe Ratio	-0.03	0.64	0.70	0.98	0.51	0.16	0.62
Correlation With Other Assets		56.8%	47.6%	2.7%	9.8%	45.0%	19.4%

Based On 10-Year Data

		Comparison of TTC With Other Asset Classes (Last 10Y)
	TTC	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	9.0%	13.5%	14.8%	15.1%	6.8%	5.4%	69.1%
Annualized Volatility	26.4%	19.9%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	0.36	0.60	0.71	0.85	0.31	0.23	0.90
Correlation With Other Assets		61.8%	56.2%	-0.3%	17.5%	49.2%	12.9%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	2,365,836
Short Interest: % Change Since 11152025	-0.2%
Average Daily Volume	727,314
Days-to-Cover Short Interest	3.25
Basic Shares Quantity	98,000,000
Short % of Basic Shares	2.4%

Returns Analyses

	Title
0	Toro Stock Jump Looks Great, But How Secure Is That Gain?
1	Toro Stock Return Comparison
2	Toro Total Shareholder Return (TSR): 11.7% in 2022 and 12.3% 3-yr returns (below peer average)
3	The Toro Company (TTC) Stock Return: AI Predicts TTC Average and Excess Return After a Fall or Rise

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
12/17/2025	10.7%
9/4/2025	0.1%	-2.5%	-4.6%
6/5/2025	-3.0%	-6.5%	-1.1%
3/6/2025	-4.9%	-6.1%	-12.7%
12/18/2024	-4.5%	-4.8%	-0.5%
9/5/2024	-10.1%	-9.6%	-3.9%
6/6/2024	14.4%	19.1%	13.2%
3/7/2024	-5.5%	-4.4%	-7.0%
...
SUMMARY STATS
# Positive	9	8	8
# Negative	15	16	16
Median Positive	2.3%	3.4%	5.5%
Median Negative	-3.8%	-5.6%	-6.0%
Max Positive	14.4%	19.1%	13.2%
Max Negative	-12.7%	-17.4%	-17.7%

	Forward Returns
12/17/2025	10.7%
9/4/2025	0.1%	-2.5%	-4.6%
6/5/2025	-3.0%	-6.5%	-1.1%
3/6/2025	-4.9%	-6.1%	-12.7%
12/18/2024	-4.5%	-4.8%	-0.5%
9/5/2024	-10.1%	-9.6%	-3.9%
6/6/2024	14.4%	19.1%	13.2%
3/7/2024	-5.5%	-4.4%	-7.0%
12/20/2023	8.9%	10.3%	6.3%
9/7/2023	-12.7%	-17.4%	-16.5%
6/8/2023	-7.3%	-7.6%	-2.1%
3/9/2023	2.3%	-5.6%	-10.6%
12/21/2022	0.8%	1.3%	-2.7%
9/1/2022	0.8%	6.1%	4.3%
6/2/2022	5.5%	2.4%	-4.6%
3/3/2022	-3.8%	-12.8%	-11.7%
12/15/2021	-0.4%	-1.3%	1.0%
9/2/2021	0.4%	-1.4%	-9.5%
6/3/2021	-3.4%	-3.4%	0.9%
3/4/2021	-3.6%	1.3%	5.4%
12/16/2020	-0.3%	2.1%	5.5%
9/3/2020	-2.2%	4.4%	8.3%
6/4/2020	-2.1%	-0.9%	-6.0%
3/5/2020	-6.3%	-10.2%	-17.7%
SUMMARY STATS
# Positive	9	8	8
# Negative	15	16	16
Median Positive	2.3%	3.4%	5.5%
Median Negative	-3.8%	-5.6%	-6.0%
Max Positive	14.4%	19.1%	13.2%
Max Negative	-12.7%	-17.4%	-17.7%

SEC Filings

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Report Date	Filing Date	Filing
10312025	12172025	10-K 10/31/2025
7312025	9042025	10-Q 8/1/2025
4302025	6052025	10-Q 5/2/2025
1312025	3062025	10-Q 1/31/2025
10312024	12182024	10-K 10/31/2024
7312024	9052024	10-Q 8/2/2024
4302024	6062024	10-Q 5/3/2024
1312024	3072024	10-Q 2/2/2024
10312023	12202023	10-K 10/31/2023
7312023	9072023	10-Q 8/4/2023
4302023	6082023	10-Q 5/5/2023
1312023	3092023	10-Q 2/3/2023
10312022	12222022	10-K 10/31/2022
7312022	9012022	10-Q 7/29/2022
4302022	6022022	10-Q 4/29/2022
1312022	3032022	10-Q 1/28/2022

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Toro (TTC)

Market Price (12/24/2025): $78.585 | Market Cap: $7.7 BilSector: Industrials | Industry: Agricultural & Farm Machinery

Toro (TTC)

Market Price (12/24/2025): $78.585Market Cap: $7.7 BilSector: IndustrialsIndustry: Agricultural & Farm Machinery

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

TTC Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Toro (TTC)

Interactive Breakdown

Better Bets than Toro (TTC)

INDUSTRY: Agricultural & Farm Machinery

Higher Rev Chg 3Y Avg | Lower P/S (Values for TTC: 0.0% | 1.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TTC: 0.0% | 15.7x)

Higher Rev Chg LTM (Value for TTC: -1.6%)

Higher Rev Chg 3Y Avg (Value for TTC: 0.0%)

Higher Op Mgn LTM (Value for TTC: 10.9%)

Higher CFO/Rev LTM (Value for TTC: 14.7%)

Higher FCF/Rev LTM (Value for TTC: 12.8%)

Higher Total Yield (Value for TTC: 6.1%)

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for TTC: 0.0% | 1.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TTC: 0.0% | 15.7x)

Higher Rev Chg LTM (Value for TTC: -1.6%)

Higher Rev Chg 3Y Avg (Value for TTC: 0.0%)

Higher Op Mgn LTM (Value for TTC: 10.9%)

Higher CFO/Rev LTM (Value for TTC: 14.7%)

Higher FCF/Rev LTM (Value for TTC: 12.8%)

Higher Total Yield (Value for TTC: 6.1%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for TTC: 0.0% | 1.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for TTC: 0.0% | 15.7x)

Higher Rev Chg LTM (Value for TTC: -1.6%)

Higher Rev Chg 3Y Avg (Value for TTC: 0.0%)

Higher Op Mgn LTM (Value for TTC: 10.9%)

Higher CFO/Rev LTM (Value for TTC: 14.7%)

Higher FCF/Rev LTM (Value for TTC: 12.8%)

Higher Total Yield (Value for TTC: 6.1%)

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Financials

Market Price (12/24/2025): $78.585 | Market Cap: $7.7 Bil
Sector: Industrials | Industry: Agricultural & Farm Machinery

Market Price (12/24/2025): $78.585
Market Cap: $7.7 Bil
Sector: Industrials
Industry: Agricultural & Farm Machinery