Toro Corp. (TORO) Revenue History
Annual and quarterly revenue from 2021 to present
TORO Revenue Over Time (2021–2024)
TORO Revenue Growth History
1 of 3 years with positive growth- FY2021 revenue growth
- N/A
- FY2022 revenue growth
- -46.6%
- FY2023 revenue growth
- +401.8%
- FY2024 revenue growth
- -71.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2025 | $6.3M | +18.2% |
| Q2 2025 | $4.1M | -25.8% |
| Q1 2025 | $5.5M | -13.1% |
| Q4 2024 | $5.2M | -33.4% |
| Q3 2024 | $5.3M | -49.5% |
| Q2 2024 | $5.5M | -52.2% |
| Q1 2024 | $6.4M | -79.5% |
| Q4 2023 | $7.8M | -79.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
TORO's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
TORO Revenue Analysis (2021–2024)
Current Revenue & Growth
As of June 23, 2026, Toro Corp. (TORO) generated trailing twelve-month (TTM) revenue of $21.1 million, reflecting strong growth of +18.2% year-over-year. The most recent quarter (Q3 2025) recorded $6.3 million in revenue, up 54.8% sequentially.
Historical Growth Trajectory
TORO's historical revenue data shows a 3-year CAGR of -8.5%. Toro Corp.'s highest annual revenue of $78.5 million was recorded in 2023.
Revenue by Segment
TORO's revenue is primarily driven by Voyage Charter (100%). With over half of revenue concentrated in Voyage Charter, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including TOPS (+111.5% YoY), GLBS (+33.7% YoY), and ESEA (+2.2% YoY) — TORO has underperformed the peer group in revenue growth. Compare TORO vs TOPS →
TORO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TOROCurrent | $21M | +18.2% | - | -24.8% | |
 TOPS | $86M | +111.5% | +5.4% | 32.4% | |
 GLBS | $44M | +33.7% | +30.3% | 5.4% | |
 ESEA | $228M | +2.2% | +33.7% | 57.0% | |
 SHIP | $158M | -7.5% | +20.1% | 26.0% | |
 TRMD | $1.4B | -2.4% | +13.2% | 25.6% |
TORO Historical Revenue Data (2021–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $22.4M | -71.5% | $4.7M | 20.8% | $-5,557,155 | -24.8% |
| 2023 | $78.5M | +401.8% | $53.2M | 67.8% | $136.9M | 174.4% |
| 2022 | $15.6M | -46.6% | $11.1M | 71.2% | $6.9M | 44.3% |
| 2021 | $29.3M | - | $155K | 0.5% | $-734,184 | -2.5% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
5+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
TORO — Frequently Asked Questions
Quick answers to the most common questions about buying TORO stock.
Is TORO's revenue growth accelerating or slowing?
TORO revenue growth is accelerating. TTM revenue reached $21M, up +18.2% year-over-year — ahead of the 5-year CAGR of N/A. This indicates the business is expanding faster than its historical baseline.
What is TORO's revenue history from 2021 to 2026?
Toro Corp. (TORO) revenue history spans 2021 to 2026. TTM revenue as of 2026 is $21M, growing at +18.2% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TORO's long-term revenue growth rate (CAGR)?
Toro Corp.'s 5-year revenue CAGR of N/A reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +18.2% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TORO.
Why does TORO's quarterly revenue fluctuate?
TORO quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Toro Corp.'s revenue data from 2021 to 2026 shows full historical quarterly detail on this page.
How is TORO's revenue distributed by segment?
TORO reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TORO's revenue compare to industry peers?
Toro Corp. (TORO) with TTM revenue of $21M and +18.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.