The Toro Company (TTC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 1.42B | 1.04B | 1.07B | 1.13B | 1.32B | 995M | 1.08B | 1.16B | 1.35B | 1B | 983.25M | 1.08B | 1.34B | 1.15B | 1.17B | 1.16B | 1.25B | 932.65M | 960.65M | 976.84M |
| Revenue Growth % | 8.1% | 4.27% | -0.91% | -2.21% | -2.31% | -0.69% | 9.43% | 6.94% | 0.72% | -12.79% | -16.1% | -6.79% | 7.19% | 23.18% | 22% | 18.81% | 8.73% | 6.83% | 14.23% | 16.16% |
| Cost of Goods Sold | 942M | 700.2M | 715.5M | 749.5M | 881.2M | 659.4M | 727M | 754.1M | 896M | 657.4M | 653.65M | 709.4M | 859.6M | 752.9M | 773.14M | 760.64M | 844.11M | 632.17M | 671.27M | 645.72M |
| COGS % of Revenue | 66.12% | 67.49% | 67.11% | 66.25% | 66.86% | 66.27% | 67.57% | 65.18% | 66.42% | 65.62% | 66.48% | 65.58% | 64.18% | 65.54% | 65.97% | 65.54% | 67.56% | 67.78% | 69.88% | 66.1% |
| Gross Profit | 482.7M | 337.3M | 350.7M | 381.8M | 436.7M | 335.6M | 349M | 402.8M | 453M | 344.5M | 329.6M | 372.4M | 479.7M | 395.9M | 398.85M | 399.91M | 405.37M | 300.48M | 289.39M | 331.12M |
| Gross Margin % | 33.88% | 32.51% | 32.89% | 33.75% | 33.14% | 33.73% | 32.43% | 34.82% | 33.58% | 34.38% | 33.52% | 34.42% | 35.82% | 34.46% | 34.03% | 34.46% | 32.44% | 32.22% | 30.12% | 33.9% |
| Gross Profit Growth % | 10.53% | 0.51% | 0.49% | -5.21% | -3.6% | -2.58% | 5.89% | 8.16% | -5.57% | -12.98% | -17.36% | -6.88% | 18.34% | 31.76% | 37.82% | 20.77% | 0.6% | -4.62% | -3.66% | 12.41% |
| Operating Expenses | 287.7M | 247.2M | 258.2M | 317M | 261.9M | 257.8M | 240M | 254.7M | 265.4M | 255.9M | 235.05M | 391.5M | 260.9M | 259.5M | 248.43M | 236.86M | 234.79M | 208.85M | 215.23M | 209.18M |
| OpEx % of Revenue | 20.19% | 23.83% | 24.22% | 28.02% | 19.87% | 25.91% | 22.3% | 22.02% | 19.67% | 25.54% | 23.91% | 36.19% | 19.48% | 22.59% | 21.2% | 20.41% | 18.79% | 22.39% | 22.4% | 21.41% |
| Selling, General & Admin | 287.7M | 247.2M | 258.2M | 235.9M | 261.9M | 257.8M | 240M | 254.7M | 265.4M | 255.9M | 235.01M | 240.2M | 260.9M | 259.5M | 248.43M | 236.86M | 234.79M | 208.85M | 215.23M | 209.18M |
| SG&A % of Revenue | 20.19% | 23.83% | 24.22% | 20.85% | 19.87% | 25.91% | 22.3% | 22.02% | 19.67% | 25.54% | 23.9% | 22.2% | 19.48% | 22.59% | 21.2% | 20.41% | 18.79% | 22.39% | 22.4% | 21.41% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 37K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 195M | 90.1M | 92.5M | 64.8M | 174.8M | 77.8M | 109M | 148.1M | 187.6M | 88.6M | 94.55M | -19.1M | 218.8M | 136.4M | 150.41M | 163.05M | 170.58M | 91.63M | 74.16M | 121.94M |
| Operating Margin % | 13.69% | 8.68% | 8.68% | 5.73% | 13.26% | 7.82% | 10.13% | 12.8% | 13.91% | 8.84% | 9.62% | -1.77% | 16.34% | 11.87% | 12.83% | 14.05% | 13.65% | 9.82% | 7.72% | 12.48% |
| Operating Income Growth % | 11.56% | 15.81% | -15.14% | -56.25% | -6.82% | -12.19% | 15.28% | 875.39% | -14.26% | -35.04% | -37.14% | -111.71% | 28.27% | 48.87% | 102.82% | 33.71% | -5.61% | -35.23% | -20.67% | 5.16% |
| EBITDA | 198.2M | 123.3M | 139.6M | 97M | 206.3M | 109.9M | 145.4M | 179M | 217.8M | 119.3M | 130.37M | 8.1M | 246.7M | 164.7M | 180.19M | 189.13M | 198.58M | 116.57M | 100.68M | 145.55M |
| EBITDA Margin % | 13.91% | 11.88% | 13.09% | 8.57% | 15.65% | 11.05% | 13.51% | 15.47% | 16.15% | 11.91% | 13.26% | 0.75% | 18.42% | 14.34% | 15.38% | 16.3% | 15.89% | 12.5% | 10.48% | 14.9% |
| EBITDA Growth % | -3.93% | 12.19% | -3.99% | -45.81% | -5.28% | -7.88% | 11.53% | 2109.88% | -11.71% | -27.57% | -27.65% | -95.72% | 24.23% | 41.29% | 78.97% | 29.94% | -3.52% | -29.58% | -15.56% | 3.78% |
| D&A (Non-Cash Add-back) | 0 | 33.2M | 47.1M | 32.2M | 31.5M | 32.1M | 36.4M | 30.9M | 30.2M | 30.7M | 35.82M | 27.2M | 27.9M | 28.3M | 29.78M | 26.08M | 28.01M | 24.94M | 26.52M | 23.61M |
| EBIT | 198.2M | 101.1M | 98.2M | 72.9M | 184.5M | 81.1M | 123.8M | 158.7M | 195.9M | 96.3M | 101.81M | -13.6M | 225.5M | 145.4M | 154.77M | 166.27M | 173.08M | 94.16M | 76.3M | 124.47M |
| Net Interest Income | -14.8M | -14.2M | -13.2M | -15.1M | -15.8M | -15M | -14.5M | -14.5M | -16.7M | -16.2M | -14.88M | -15M | -14.7M | -14.1M | -11.52M | -9.18M | -8.02M | -7.01M | -7M | -7.02M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 14.8M | 14.2M | 13.2M | 15.1M | 15.8M | 15M | 14.5M | 14.5M | 16.7M | 16.2M | 14.88M | 15M | 14.7M | 14.1M | 11.52M | 9.18M | 8.02M | 7.01M | 7M | 7.02M |
| Other Income/Expense | -11.6M | -3.2M | -7.5M | -7M | -6.1M | -11.7M | 300K | -3.9M | -8.4M | -8.5M | -7.62M | -9.5M | -8M | -5.1M | -7.16M | -5.96M | -5.52M | -4.48M | -4.86M | -4.49M |
| Pretax Income | 183.4M | 86.9M | 85M | 57.8M | 168.7M | 66.1M | 109.3M | 144.2M | 179.2M | 80.1M | 86.93M | -28.6M | 210.8M | 131.3M | 143.25M | 157.09M | 165.06M | 87.15M | 69.3M | 117.45M |
| Pretax Margin % | 12.87% | 8.38% | 7.97% | 5.11% | 12.8% | 6.64% | 10.16% | 12.46% | 13.28% | 7.99% | 8.84% | -2.64% | 15.74% | 11.43% | 12.22% | 13.54% | 13.21% | 9.34% | 7.21% | 12.02% |
| Income Tax | 38M | 19M | 12M | 4.3M | 31.9M | 13.3M | 19.4M | 24.9M | 34.4M | 15.2M | 16.6M | -13.6M | 43.35M | 24.45M | 25.7M | 31.94M | 33.93M | 17.64M | 9.19M | 21.13M |
| Effective Tax Rate % | 20.72% | 21.86% | 14.12% | 7.44% | 18.91% | 20.12% | 17.75% | 17.27% | 19.2% | 18.98% | 19.1% | 47.55% | 20.57% | 18.62% | 17.94% | 20.33% | 20.56% | 20.24% | 13.26% | 17.99% |
| Net Income | 145.4M | 67.9M | 73M | 53.5M | 136.8M | 52.8M | 89.9M | 119.3M | 144.8M | 64.9M | 70.34M | -14.96M | 167.5M | 106.9M | 117.56M | 125.15M | 131.13M | 69.51M | 60.11M | 96.32M |
| Net Margin % | 10.21% | 6.54% | 6.85% | 4.73% | 10.38% | 5.31% | 8.36% | 10.31% | 10.73% | 6.48% | 7.15% | -1.38% | 12.51% | 9.31% | 10.03% | 10.78% | 10.49% | 7.45% | 6.26% | 9.86% |
| Net Income Growth % | 6.29% | 28.6% | -18.8% | -55.16% | -5.52% | -18.64% | 27.81% | 897.3% | -13.55% | -39.29% | -40.17% | -111.96% | 27.74% | 53.79% | 95.58% | 29.93% | -7.77% | -37.54% | -16.74% | 8.26% |
| Net Income (Continuing) | 145.4M | 67.9M | 73M | 53.5M | 136.8M | 52.8M | 89.9M | 119.3M | 144.8M | 64.9M | 70.34M | -14.96M | 167.5M | 106.9M | 117.56M | 125.15M | 131.13M | 69.51M | 60.11M | 96.32M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.50 | 0.69 | 0.74 | 0.54 | 1.37 | 0.52 | 0.87 | 1.14 | 1.39 | 0.62 | 0.67 | -0.14 | 1.59 | 1.01 | 1.12 | 1.19 | 1.24 | 0.66 | 0.56 | 0.89 |
| EPS Growth % | 9.49% | 32.69% | -14.94% | -52.63% | -1.44% | -16.13% | 29.85% | 914.29% | -12.58% | -38.61% | -40.18% | -111.76% | 28.23% | 53.03% | 100% | 33.71% | -5.34% | -35.29% | -15.15% | 8.54% |
| EPS (Basic) | 1.51 | 0.69 | 0.74 | 0.54 | 1.37 | 0.52 | 0.88 | 1.15 | 1.39 | 0.62 | 0.67 | -0.14 | 1.60 | 1.02 | 1.13 | 1.19 | 1.25 | 0.66 | 0.56 | 0.90 |
| Diluted Shares Outstanding | 97.1M | 98.3M | 98.5M | 99M | 100.1M | 101.7M | 104.4M | 104.5M | 104.9M | 104.7M | 104.9M | 104.29M | 105.57M | 105.58M | 105.33M | 105.45M | 105.75M | 106.05M | 107.53M | 108.36M |
| Basic Shares Outstanding | 96.6M | 98M | 98.2M | 98.8M | 99.8M | 101.3M | 103.8M | 104M | 104.4M | 104.4M | 104.2M | 104.29M | 104.65M | 104.5M | 104.49M | 104.83M | 104.93M | 105.04M | 106.39M | 107.13M |
| Dividend Payout Ratio | 25.79% | 56.41% | 51.1% | 70.09% | 27.63% | 72.92% | 41.05% | 31.43% | 25.9% | 57.94% | 50.32% | - | 21.25% | 33.21% | 26.63% | 25.13% | 24.01% | 45.27% | 46.19% | 29.15% |