Toro Corp.(TORO)Earnings, Financials & Key Ratios
TORO•NASDAQ
$5.45
$104M mkt cap·5.0× P/E·Price updated May 7, 2026
AboutToro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide. The company operates through Aframax/LR2 tanker and Handysize tanker segments. It operates a fleet of eight tanker vessels with an aggregate cargo carrying capacity of 0.7 million dwt. The company was incorporated in 2022 and is headquartered in Limassol, Cyprus.Show more
- Revenue$22M-71.5%
- EBITDA-$656K-100.5%
- Net Income$25M-82.1%
- EPS (Diluted)1.09-85.6%
- Gross Margin20.84%-69.3%
- EBITDA Margin-2.93%-101.6%
- Operating Margin-24.82%-114.2%
- Net Margin112.56%-37.2%
- ROE8.16%-87.3%
- ROIC-1.93%-102.4%
- Interest Coverage-24.11-100.6%
TORO Key Insights
Toro Corp. (TORO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 37.8%
- ✓FCF machine: 64.5% free cash flow margin
- ✓Momentum leader: RS Rating 95 (top 5%)
- ✓Share count reduced 5.8% through buybacks
- ✓Healthy 5Y average net margin of 151.5%
- ✓Trading at only 0.3x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TORO Price & Volume
Toro Corp. (TORO) stock price & volume — 10-year historical chart
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TORO Growth Metrics
Toro Corp. (TORO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-8.53%
TTM-15.61%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-89.53%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-98.91%
Return on Capital
10 Years15.86%
5 Years15.86%
3 Years21.35%
Last Year-1.79%
TORO Recent Earnings
Toro Corp. (TORO) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
Apr 15, 2026EPS
$0.02
Revenue
—
Q1 2026
Feb 12, 2026EPS
$0.04
Revenue
$6M
Q4 2025
Dec 5, 2025EPS
$0.01
Revenue
$6M
Q4 2025
Oct 1, 2025EPS
$0.02
Revenue
$4M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 15, 2026 | $0.02 | — |
| Q1 2026 | Feb 12, 2026 | $0.04 | $6M |
| Q4 2025 | Dec 5, 2025 | $0.01 | $6M |
| Q4 2025 | Oct 1, 2025 | $0.02 | $4M |
Based on last 12 quarters of dataView full earnings history →
TORO Peer Comparison
Toro Corp. (TORO) competitors in Oil and Product Tankers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TOPS | 10.18M | 2.20 | 2.02 | 3.83% | 1.19% | 0.8% | 1.74 | |
 GLBS | 45.28M | 2.20 | -26.04 | 26.77% | -3.95% | -1% | 0.62 | |
 ESEA | 506.44M | 72.28 | 3.67 | 7.03% | 60.11% | 29.55% | 0.47 | |
 SHIP | 342.26M | 16.21 | 16.05 | -5.59% | 9.74% | 5.29% | 1.03 | |
 TRMD | 3.36B | 33.11 | 5.21 | 2.55% | 21.42% | 12.91% | 0.59 | |
 TNK | 2.83B | 81.27 | 8.05 | -22.58% | 36.9% | 17.18% | 0.03 | |
 ASC | 769.54M | 18.86 | 21.43 | -23.56% | 13.22% | 6.37% | 0.20 | |
 STNG | 4.38B | 84.69 | 12.05 | -24.58% | 48.44% | 15.85% | 0.19 |
Compare TORO vs Peers
Toro Corp. (TORO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TORO Income Statement
Toro Corp. (TORO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 29.26M | 15.64M | 78.47M | 22.39M | 21.11M |
| Revenue Growth % | - | -46.56% | 401.79% | -71.46% | -15.61% |
| Cost of Goods Sold | 29.11M | 61.16M | 25.23M | 17.73M | 17.3M |
| COGS % of Revenue | 99.47% | 391.08% | 32.16% | 79.16% | - |
| Gross Profit | 154.91K▲ 0% | 11.14M▲ 7090.0% | 53.23M▲ 377.9% | 4.67M▼ 91.2% | 3.81M▲ 0% |
| Gross Margin % | 0.53% | 71.23% | 67.84% | 20.84% | 18.07% |
| Gross Profit Growth % | - | 7090.04% | 377.94% | -91.23% | - |
| Operating Expenses | 889.1K | 4.21M | -83.65M | 10.22M | 9.41M |
| OpEx % of Revenue | 3.04% | 26.9% | -106.6% | 45.66% | - |
| Selling, General & Admin | 889.1K | 2.09M | 5.36M | 10.2M | 9.82M |
| SG&A % of Revenue | 3.04% | 13.39% | 6.83% | 45.54% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 2.11M | -89.01M | 25.37K | 0 |
| Operating Income | -734.18K▲ 0% | 6.93M▲ 1044.1% | 136.88M▲ 1874.8% | -5.56M▼ 104.1% | -5.6M▲ 0% |
| Operating Margin % | -2.51% | 44.32% | 174.44% | -24.82% | -26.51% |
| Operating Income Growth % | - | 1044.09% | 1874.83% | -104.06% | - |
| EBITDA | 3.1M | 8.34M | 140.52M | -655.91K | -540.73K |
| EBITDA Margin % | 10.59% | 53.31% | 179.08% | -2.93% | -2.56% |
| EBITDA Growth % | - | 168.92% | 1585.6% | -100.47% | -105.88% |
| D&A (Non-Cash Add-back) | 3.83M | 1.41M | 3.64M | 4.9M | 5.06M |
| EBIT | -734.18K | 6.93M | 12.17M | 5.74M | -186.69K |
| Net Interest Income | -597.33K | -735.67K | 2.02M | 8.49M | 5.24M |
| Interest Income | 771 | 212.94K | 2.05M | 8.72M | 5.26M |
| Interest Expense | 598.1K | 948.61K | 31.82K | 230.53K | 23.03K |
| Other Income/Expense | -490.03K | -11.38K | 3.03M | 11.07M | 10.99M |
| Pretax Income | -1.22M▲ 0% | 6.92M▲ 665.3% | 140.99M▲ 1937.4% | 5.51M▼ 96.1% | 5.39M▲ 0% |
| Pretax Margin % | -4.18% | 44.25% | 179.67% | 24.61% | 25.56% |
| Income Tax | 206.17K | 0 | 350.67K | 0 | 0 |
| Effective Tax Rate % | -16.84% | 0% | 0.25% | 0% | 0% |
| Net Income | -1.43M▲ 0% | 49.93M▲ 3590.4% | 140.64M▲ 181.7% | 25.21M▼ 82.1% | 5.49M▲ 0% |
| Net Margin % | -4.89% | 319.27% | 179.23% | 112.56% | 26.03% |
| Net Income Growth % | - | 3590.4% | 181.69% | -82.08% | -89.53% |
| Net Income (Continuing) | -1.43M | 6.92M | 11.18M | 5.51M | 5.39M |
| Discontinued Operations | 0 | 43.01M | 129.46M | 19.7M | 99.73K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.15▲ 0% | 5.28▲ 3620.0% | 7.56▲ 43.2% | 1.09▼ 85.6% | 0.08▲ 0% |
| EPS Growth % | - | 3620% | 43.18% | -85.58% | -98.91% |
| EPS (Basic) | -0.15 | 5.55 | 9.05 | 1.09 | - |
| Diluted Shares Outstanding | 9.46M | 9.46M | 18.47M | 17.4M | 66.86M |
| Basic Shares Outstanding | 9.46M | 9.46M | 15.44M | 17.4M | 17.91M |
| Dividend Payout Ratio | - | - | - | - | - |
TORO Balance Sheet
Toro Corp. (TORO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 12.63M | 54.76M | 165.14M | 55.27M | 40.37M |
| Cash & Short-Term Investments | 4.96M | 41.78M | 155.24M | 37.42M | 29.5M |
| Cash Only | 4.96M | 41.78M | 155.24M | 37.19M | 29.5M |
| Short-Term Investments | 0 | 0 | 0 | 226.57K | 0 |
| Accounts Receivable | 4.1M | 10.62M | 1.4M | 16.87M | 7.89M |
| Days Sales Outstanding | 51.16 | 247.8 | 6.53 | 275.01 | 213.38 |
| Inventory | 3.14M | 893.57K | 172.72K | 194.98K | 0 |
| Days Inventory Outstanding | 39.35 | 5.33 | 2.5 | 4.01 | 1.03 |
| Other Current Assets | 25.34K | 558.33K | 6.74M | 786.84K | 2.97M |
| Total Non-Current Assets | 111.42M | 102.72M | 142.97M | 271.13M | 347.76M |
| Property, Plant & Equipment | 108.09M | 92.49M | 88.71M | 72.77M | 114.49M |
| Fixed Asset Turnover | 0.27x | 0.17x | 0.88x | 0.31x | 0.26x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.51M | 2.41M | 50.54M | 105.34M | 579.22M |
| Other Non-Current Assets | 1.82M | 7.82M | 3.72M | 93.03M | 137.37M |
| Total Assets | 124.05M▲ 0% | 157.48M▲ 27.0% | 308.1M▲ 95.6% | 326.41M▲ 5.9% | 388.13M▲ 0% |
| Asset Turnover | 0.24x | 0.10x | 0.25x | 0.07x | 0.06x |
| Asset Growth % | - | 26.95% | 95.65% | 5.94% | 14.51% |
| Total Current Liabilities | 6.95M | 6.52M | 7.86M | 4.7M | 6.8M |
| Accounts Payable | 505.63K | 1.64M | 3.19M | 770.83K | 0 |
| Days Payables Outstanding | 6.34 | 9.81 | 46.11 | 15.87 | 4.07 |
| Short-Term Debt | 2.93M | 2.61M | 1.31M | 0 | 0 |
| Deferred Revenue (Current) | 547.94K | 0 | 0 | 984K | 984K |
| Other Current Liabilities | 2.48M | 0 | 625K | 1.62M | 6.8M |
| Current Ratio | 1.82x | 8.40x | 21.01x | 11.77x | 11.77x |
| Quick Ratio | 1.37x | 8.26x | 20.99x | 11.73x | 11.73x |
| Cash Conversion Cycle | 84.17 | 243.33 | -37.08 | 263.15 | 210.34 |
| Total Non-Current Liabilities | 13.07M | 10.46M | 3.9M | 0 | 0 |
| Long-Term Debt | 13.07M | 10.46M | 3.9M | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 20.02M | 16.98M | 11.76M | 4.7M | 6.8M |
| Total Debt | 16M | 13.07M | 5.21M | 0 | 0 |
| Net Debt | 11.04M | -28.71M | -150.02M | -37.19M | -29.5M |
| Debt / Equity | 0.15x | 0.09x | 0.02x | - | 0.00x |
| Debt / EBITDA | 5.16x | 1.57x | 0.04x | - | -0.00x |
| Net Debt / EBITDA | 3.56x | -3.44x | -1.07x | - | 54.56x |
| Interest Coverage | -1.23x | 7.31x | 4302.44x | -24.11x | -8.11x |
| Total Equity | 104.03M▲ 0% | 140.5M▲ 35.1% | 296.34M▲ 110.9% | 321.71M▲ 8.6% | 381.33M▲ 0% |
| Equity Growth % | - | 35.05% | 110.92% | 8.56% | 75.26% |
| Book Value per Share | 11.00 | 14.85 | 16.04 | 18.49 | 5.70 |
| Total Shareholders' Equity | 104.03M | 140.5M | 296.34M | 321.71M | 381.33M |
| Common Stock | 104.03M | 140.5M | 19.02K | 19.09K | 22.41K |
| Retained Earnings | 0 | -34 | 119.7M | 140.42M | 166.02M |
| Treasury Stock | 0 | 0 | -223.84K | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
TORO Cash Flow Statement
Toro Corp. (TORO) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -4.42M | 41.54M | 56.13M | 14.56M | 14.56M |
| Operating CF Margin % | -15.09% | 265.63% | 71.53% | 65.03% | - |
| Operating CF Growth % | - | 1040.83% | 35.12% | -74.05% | -697.39% |
| Net Income | -1.43M | 49.93M | 140.64M | 5.51M | 5.49M |
| Depreciation & Amortization | 3.83M | 7.29M | 7.39M | 4.9M | 4.97M |
| Stock-Based Compensation | 0 | 0 | 1.27M | 5.31M | 1.88M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 94.79K | -2.84M | -99.95M | 2.39M | 1.71M |
| Working Capital Changes | -6.91M | -12.85M | 6.77M | -3.55M | -27.66M |
| Change in Receivables | -4.1M | -6.78M | 7.01M | 961.65K | -793.24K |
| Change in Inventory | -3.14M | 2.24M | 633.01K | -22.27K | -819.95K |
| Change in Payables | 47.83K | 1.3M | 1.61M | -978.03K | -110.79K |
| Cash from Investing | -111.29M | 11.79M | 50.71M | -122.57M | -144.45M |
| Capital Expenditures | -111.29M | -852.6K | -72.24M | -119.3K | -77.88M |
| CapEx % of Revenue | 380.29% | 5.45% | 92.06% | 0.53% | - |
| Acquisitions | 0 | 12.64M | 0 | 0 | 44.4M |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 0 | 122.94M | -117.53M | -35.35M |
| Cash from Financing | 121.37M | -16.51M | 6.27M | -10.39M | -13.52M |
| Debt Issued (Net) | 16.3M | -3.05M | -7.99M | 0 | 0 |
| Equity Issued (Net) | 1000K | -1000K | 1000K | -1000K | -36.24K |
| Dividends Paid | 0 | 0 | -851.67K | -1.4M | -1.56M |
| Share Repurchases | 0 | 0 | -1.05M | -3.73M | -36.24K |
| Other Financing | -19.59M | 686.15K | -2.48M | -5.26M | -11.92M |
| Net Change in Cash | 5.66M▲ 0% | 36.82M▲ 550.1% | 113.11M▲ 207.2% | -118.39M▼ 204.7% | -170.07M▲ 0% |
| Free Cash Flow | -115.7M▲ 0% | 40.69M▲ 135.2% | -16.11M▼ 139.6% | 14.44M▲ 189.7% | -92.01M▲ 0% |
| FCF Margin % | -395.37% | 260.18% | -20.53% | 64.5% | -435.9% |
| FCF Growth % | - | 135.16% | -139.6% | 189.65% | -473.79% |
| FCF per Share | -12.23 | 4.30 | -0.87 | 0.83 | 0.83 |
| FCF Conversion (FCF/Net Income) | 3.09x | 0.83x | 0.40x | 0.58x | -16.75x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
TORO Key Ratios
Toro Corp. (TORO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | 40.83% | 64.39% | 8.16% | 1.44% |
| Return on Invested Capital (ROIC) | 4.58% | 79.55% | -1.93% | -1.93% |
| Gross Margin | 71.23% | 67.84% | 20.84% | 18.07% |
| Net Margin | 319.27% | 179.23% | 112.56% | 26.03% |
| Debt / Equity | 0.09x | 0.02x | - | 0.00x |
| Interest Coverage | 7.31x | 4302.44x | -24.11x | -8.11x |
| FCF Conversion | 0.83x | 0.40x | 0.58x | -16.75x |
| Revenue Growth | -46.56% | 401.79% | -71.46% | -15.61% |
TORO Frequently Asked Questions
Toro Corp. (TORO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Toro Corp. (TORO) reported $21.1M in revenue for fiscal year 2024. This represents a 28% decrease from $29.3M in 2021.
Toro Corp. (TORO) saw revenue decline by 71.5% over the past year.
Yes, Toro Corp. (TORO) is profitable, generating $5.5M in net income for fiscal year 2024 (112.6% net margin).
Dividend & Returns
Yes, Toro Corp. (TORO) pays a dividend with a yield of 1.48%. This makes it attractive for income-focused investors.
Toro Corp. (TORO) has a return on equity (ROE) of 8.2%. This is below average, suggesting room for improvement.
Toro Corp. (TORO) had negative free cash flow of $92.0M in fiscal year 2024, likely due to heavy capital investments.
Explore More TORO
Toro Corp. (TORO) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates