What is Toro Company's professional — goodwill acquired?

Toro Company (TTC) reported professional — goodwill acquired of $500K in Q1 2026.

What does professional — goodwill acquired mean?

This tracks the specific amount of goodwill added to the Professional segment's balance sheet during a reporting period due to new business acquisitions. It reflects the segment's inorganic growth strategy and the premium paid for new market capabilities.

Toro Company (TTC) Professional — Goodwill acquired

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Other segment segments

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$0—

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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/S2×+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:GoodwillAcquiredDuringPeriod.

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

(Dollars in millions)	Professional	Residential	Other	Total
Balance as of October 31, 2025	$440.9	$10.0	—	$450.9
Goodwill acquired	138.1	—	—	138.1
Translation adjustments	2.0	—	—	2.0
Balance as of May 1, 2026	$581.0	$10.0	—	$591.0

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Toro Company's professional — goodwill acquired?: Toro Company (TTC) reported professional — goodwill acquired of $500K in Q1 2026.
What does professional — goodwill acquired mean?: This tracks the specific amount of goodwill added to the Professional segment's balance sheet during a reporting period due to new business acquisitions. It reflects the segment's inorganic growth strategy and the premium paid for new market capabilities.