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ValueScreener company report

The Toro Company (TTC)

NYSE / Industrials / Manufacturing - Tools & Accessories

Share price

98.26 USD Market dataClose of Oct 14, 2026

Market capitalisation

9.36B USD Market dataClose of Oct 14, 2026
Market data
Oct 14, 2026
Filed accounts
FY2025, filed Dec 17, 2025
Ratios computed
Oct 14, 2026
Filed years
17, FY2008 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

15.9% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

30.90x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

5.9% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 2.39B USDFY2016 Net income: 231.0M USDFY2017 Revenue: 2.51B USDFY2017 Net income: 267.7M USDFY2018 Revenue: 2.62B USDFY2018 Net income: 271.9M USDFY2019 Revenue: 3.14B USDFY2019 Net income: 274.0M USDFY2020 Revenue: 3.38B USDFY2020 Net income: 329.7M USDFY2021 Revenue: 3.96B USDFY2021 Net income: 409.9M USDFY2022 Revenue: 4.51B USDFY2022 Net income: 443.3M USDFY2023 Revenue: 4.55B USDFY2023 Net income: 329.7M USDFY2024 Revenue: 4.58B USDFY2024 Net income: 418.9M USDFY2025 Revenue: 4.51B USDFY2025 Net income: 316.1M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
2 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 30.90x at the close of 2026-10-14 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 25.00x and 40.00x.

Today, against the Industrials sector (412 companies), 30.90x sits at the 63rd percentile; the middle half of that group runs from 14.79x to 38.17x.

Is it good

Return on invested capital was 15.9% in FY2025, in the band labelled "Above the cost of capital" (12.0% to 20.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Industrials sector (294 companies), 15.9% sits at the 77th percentile; the middle half of that group runs from 4.0% to 15.3%.

Is it safe

Interest coverage was 6.94x in FY2025, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether The Toro Company's return on invested capital stayed above the median of the Industrials sector, year by year. (FY2019 to FY2025, 7 fiscal years of The Toro Company with a comparable figure)
The direction
Which way The Toro Company's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of The Toro Company)
What could explain it
What in The Toro Company's filed statements could explain the movements. (6 readings drawn from the statement lines The Toro Company filed)
What to check next
What to check next on The Toro Company, and where in its filings. (3 questions for The Toro Company)
In one paragraph
One paragraph on The Toro Company's returns, cash, balance sheet and price. (16 of sixteen figures read for The Toro Company)

These are TTC’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research TTCPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Dec 17, 2025, accession 0000737758-25-000115.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

The Toro Company: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax15.9% ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Return on equity21.8% ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Return on capital employed, pre-tax16.2% ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Return on assets9.2% ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Gross margin33.4% ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Operating margin9.1% ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Net margin7.0% ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
TTC 7.0%
DRS 7.6%BAH 7.6%OSK 6.2%SAIA 7.9%AYI 9.1%
6.2%9.1%
Net margin: TTC against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

The Toro Company: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.72 ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Current ratio1.87 ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Quick ratio0.86 ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Interest coverage6.94x ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Altman Z-score5.51 ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Net debt700.1M ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Total assets 3.44BTotal liabilities 1.99BShareholders' equity 1.45BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What The Toro Company owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Dec 17, 2025, 0000737758-25-000115).

The Toro Company: balance sheet position
Total assets3.44B FiledFY2025 10-K, filed Dec 17, 2025
Total liabilities1.99B FiledFY2025 10-K, filed Dec 17, 2025
Shareholders' equity1.45B FiledFY2025 10-K, filed Dec 17, 2025
Cash341.0M FiledFY2025 10-K, filed Dec 17, 2025
Total debt1.04B FiledFY2025 10-K, filed Dec 17, 2025
Net debt700.1M
Current ratio1.87
Debt to equity0.72

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

The Toro Company: what the market charges, each with its source
FigureValue, source and document
Price to earnings30.90x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
P/E on trailing twelve months25.84x ComputedClose of Oct 14, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book6.75x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Price to sales2.17x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Enterprise value to EBIT25.63x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Enterprise value to EBITDA19.01x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Price to earnings over growth40.01 ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Diluted earnings per share3.17 USD FiledFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Graham number32.28 USD ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115

We publish no fair value or price target of our own. Value TTC on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for The Toro Company today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

The Toro Company: valuation
Share price98.26 USD
Market capitalisation9.36B USD
Enterprise value to EBITDA19.01x
Graham number32.28 USD
Diluted earnings per share, FY20253.17 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Aug 13, 2021: low 16.24x, median 24.99x, high 39.30x, latest 25.84x. 1,296 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like The Toro Company

  1. Leonardo DRS, Inc. (DRS)Market cap 9.32B USD
  2. Booz Allen Hamilton Holding Corporation (BAH)Market cap 8.64B USD
  3. Oshkosh Corporation (OSK)Market cap 7.88B USD
  4. Saia, Inc. (SAIA)Market cap 8.93B USD
  5. Acuity Brands, Inc. (AYI)Market cap 8.89B USD

Same sector (Industrials) and size band (Mid, 2B to 10B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

The Toro Company: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield5.9% ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Free cash flow578.3M USD ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Free cash flow margin12.8% ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Dividend yield1.6% ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Payout ratio47.8% ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
FY2016 Free cash flow: 333.6M USDFY2016 Net income: 231.0M USDFY2017 Free cash flow: 302.5M USDFY2017 Net income: 267.7M USDFY2018 Free cash flow: 274.7M USDFY2018 Net income: 271.9M USDFY2019 Free cash flow: 244.5M USDFY2019 Net income: 274.0M USDFY2020 Free cash flow: 461.3M USDFY2020 Net income: 329.7M USDFY2021 Free cash flow: 451.5M USDFY2021 Net income: 409.9M USDFY2022 Free cash flow: 153.7M USDFY2022 Net income: 443.3M USDFY2023 Free cash flow: 157.3M USDFY2023 Net income: 329.7M USDFY2024 Free cash flow: 466.4M USDFY2024 Net income: 418.9M USDFY2025 Free cash flow: 578.3M USDFY2025 Net income: 316.1M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

The Toro Company: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
30.90xFY2025Oct 14, 2026
6.75xFY2025Oct 14, 2026
25.63xFY2025Oct 14, 2026
5.9%FY2025Oct 14, 2026
15.9%FY2025Dec 17, 2025
1.6%FY2025Oct 14, 2026
0.72FY2025Dec 17, 2025
1.87FY2025Dec 17, 2025
2.17xFY2025Oct 14, 2026
40.01FY2025Oct 14, 2026
5.51FY2025Oct 14, 2026
-3.04FY2025Dec 17, 2025
6/9FY2025Dec 17, 2025

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 17 filed fiscal years on record, FY2008 to FY2025, from SEC EDGAR. Prices as of Oct 14, 2026. Ratios recomputed Oct 14, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports The Toro Company filed with the SEC. Each year names its filing. Amounts in USD, as filed.

The Toro Company: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20254.51B409.9M316.1M3.17578.3M9.1%21.8%10-K, Dec 17, 20250000737758-25-000115
FY20244.58B533.3M418.9M4.01466.4M11.6%27.0%10-K, Dec 18, 20240000737758-24-000087
FY20234.55B430.7M329.7M3.13157.3M9.5%21.8%10-K, Dec 20, 20230000737758-23-000034
FY20224.51B575.7M443.3M4.20153.7M12.8%32.8%10-K, Dec 22, 20220000737758-22-000039
FY20213.96B518.3M409.9M3.78451.5M13.1%35.6%10-K, Dec 17, 20210000737758-21-000030
FY20203.38B426.4M329.7M3.03461.3M12.6%29.6%10-K, Dec 18, 20200000737758-20-000029
FY20193.14B325.0M274.0M2.53244.5M10.4%31.9%10-K, Dec 20, 20190000737758-19-000028
FY20182.62B373.1M271.9M2.50274.7M14.3%40.6%10-K, Dec 21, 20180000737758-18-000050
FY20172.51B355.1M267.7M2.41302.5M14.2%43.4%10-K, Dec 22, 20170000737758-17-000056
FY20162.39B334.4M231.0M2.06333.6M14.0%42.0%10-K, Dec 22, 20160001047469-16-017295
  • Revenue, compound annual growth FY2016 to FY2025: 7.3%
  • Earnings, compound annual growth FY2016 to FY2025: 3.5%
  • Earnings per share, compound annual growth FY2016 to FY2025: 4.9%
  • Free cash flow, compound annual growth FY2016 to FY2025: 6.3%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

The Toro Company: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-3.04 ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Piotroski F-score6/9 ComputedFY2025 10-K, filed Dec 17, 2025, 0000737758-25-000115
Named tests met2 of 30 Computed
Beta0.87 ComputedClose of Oct 14, 2026

The named tests

Of 30 tests value investors published: 2 met, 27 not met, 1 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
ROIC at or above WACC; Cash-flow yield and ROIC
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Cash-covered dividend. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(1)
  • Dividend Streak: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • One figure could not be read on this company: Dividend Streak. 1 named test comes back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.