The Toro Company

TTC

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

10/31/2025

Revenue

4,510

Cost of Revenue

3,006

Gross Profit

1,505

Gross Margin

33.4%

Operating Income

491

Operating Margin

10.9%

Net Income

316

Net Margin

7.0%

EPS (Basic)

$3.18

EPS (Diluted)

$3.17

EBITDA

553

EBITDA Margin

12.3%

2024

10/31/2024

Revenue

4,584

Cost of Revenue

3,035

Gross Profit

1,549

Gross Margin

33.8%

Operating Income

533

Operating Margin

11.6%

Net Income

419

Net Margin

9.1%

EPS (Basic)

$4.04

EPS (Diluted)

$4.01

EBITDA

703

EBITDA Margin

15.3%

2023

10/31/2023

Revenue

4,553

Cost of Revenue

2,976

Gross Profit

1,578

Gross Margin

34.6%

Operating Income

431

Operating Margin

9.5%

Net Income

330

Net Margin

7.2%

EPS (Basic)

$3.16

EPS (Diluted)

$3.13

EBITDA

578

EBITDA Margin

12.7%

2022

10/31/2022

Revenue

4,515

Cost of Revenue

3,010

Gross Profit

1,505

Gross Margin

33.3%

Operating Income

576

Operating Margin

12.8%

Net Income

443

Net Margin

9.8%

EPS (Basic)

$4.23

EPS (Diluted)

$4.20

EBITDA

697

EBITDA Margin

15.4%

2021

10/31/2021

Revenue

3,960

Cost of Revenue

2,621

Gross Profit

1,339

Gross Margin

33.8%

Operating Income

518

Operating Margin

13.1%

Net Income

410

Net Margin

10.4%

EPS (Basic)

$3.82

EPS (Diluted)

$3.78

EBITDA

628

EBITDA Margin

15.9%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	4,510	4,584	4,553	4,515	3,960
Cost of Revenue	3,006	3,035	2,976	3,010	2,621
Gross Profit	1,505	1,549	1,578	1,505	1,339
Gross Margin	33.4%	33.8%	34.6%	33.3%	33.8%
Operating Income	491	533	431	576	518
Operating Margin	10.9%	11.6%	9.5%	12.8%	13.1%
Net Income	316	419	330	443	410
Net Margin	7.0%	9.1%	7.2%	9.8%	10.4%
EPS (Basic)	$3.18	$4.04	$3.16	$4.23	$3.82
EPS (Diluted)	$3.17	$4.01	$3.13	$4.20	$3.78
EBITDA	553	703	578	697	628
EBITDA Margin	12.3%	15.3%	12.7%	15.4%	15.9%