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Other financials

Income statement

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Revenue$1.4B+8.1%
Gross profit$482.7M+10.5%
Operating income$195.0M+11.6%
Net income$145.4M+6.3%
EPS (diluted)$1.50+9.5%

Balance sheet

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Cash & equivalents$180.4M+2.2%
Total debt$1.1B-6.2%
Total equity$1.4B-7.3%
Total assets$3.7B-2.2%

Cash flow

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Operating cash flow$267.4M+55.7%
CapEx$16.5M-14.5%
Free cash flow$250.9M+64.6%

Valuation

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Market cap$9.42B+28.4%
Enterprise value$10.38B+25.4%
P/E27.7×+5.7×
P/S+0.4×

Profitability

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Gross margin33.3%-0.2pp
Operating margin9.4%-1.8pp
Net margin7.3%-1.5pp
FCF margin16.3%+6.3pp

Returns & leverage

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Return on equity23.9%-1.6pp
Debt / equity0.8×0.0×
Current ratio1.6×-0.3×

Where this comes from

Reported directly by Toro Company in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The source filing: Toro Company’s 10-Q, filed June 4, 2026.

Filed
Jun 4, 2026, 12:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000737758-26-000018
Line itemThree Months Ended / May 1, 2026Three Months Ended / May 2, 2025Six Months Ended / May 1, 2026Six Months Ended / May 2, 2025
Interest expense(14.8)(15.8)(29.0)(30.8)
Other income, net3.29.717.213.0
Earnings before income taxes183.4168.7270.3234.8
Income tax provision38.031.957.045.2
Net earnings$145.4$136.8$213.3$189.6
Basic net earnings per share of common stock$1.51$1.37$2.19$1.88
Diluted net earnings per share of common stock$1.50$1.37$2.18$1.88
Weighted-average number of shares of common stock outstanding — Basic96.699.897.3100.6

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Toro Company's income tax?
Toro Company (TTC) reported income tax of $38M in Q1 2026.
How has Toro Company's income tax changed year-over-year?
Toro Company's income tax increased by 19.1% year-over-year, from $31.9M to $38M.
What is the long-term trend for Toro Company's income tax?
Over 4 years (2021 to 2025), Toro Company's income tax has grown at a -9.1% compound annual growth rate (CAGR), from $89.9M to $61.5M.
What does income tax mean?
Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

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