Toro
Equipment and irrigation supplier for turf, underground construction, snow and residential yards.
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Profile
Sells professional turf, irrigation, underground-construction and snow equipment alongside residential mowers and yard tools. Equipment sales through specialist distribution and retail channels anchor the model, with a distinctive golf offering that combines turf machinery and irrigation.
Sells equipment and irrigation products for golf courses, sports fields, landscape contractors, underground construction, snow and ice management, agriculture and homeowners. Its Professional portfolio combines turf machinery and irrigation with Ditch Witch underground equipment, BOSS snow products and other specialist brands; Residential sells mowers, snow throwers and powered yard tools.
Reaches customers through distributors, dealers, retailers, rental centers, online and direct channels across more than 125 countries. Engineering and product development support the portfolio, while parts, accessories, warranties, licensing and financing complement predominantly equipment sales.
Depends on seasonal weather, professional end-market spending, dealer inventory and financing, supply of key components, acquisition integration and product acceptance. Products and facilities operate under emissions, water-use, safety, trade and other environmental rules.
Company facts
Key statistics
Year to date +23.5% · Average volume (30d) 560.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Feb 18, 2026 | Raymond James | Downgrade | Outperform | Market Perform | ||
| Dec 18, 2025 | Robert W. Baird | Target | $84 | $86 | ||
| Dec 16, 2025 | Robert W. Baird | Target | $92 | $84 | ||
| Sep 9, 2025 | Northland Securities | Target | $90 | |||
| Aug 25, 2025 | DA Davidson | Upgrade | Neutral | Buy | $76 | $93 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 4, 2026Q2 FY26 | $1.51 | $1.60 | +6.0% | $1.39B | $1.42B | +2.2% | −1.82% |
| Mar 5, 2026Q1 FY26 | $0.65 | $0.74 | +13.8% | $1.00B | $1.04B | +3.6% | +0.57% |
| Dec 17, 2025Q4 FY25 | $0.87 | $0.91 | +4.2% | $1.05B | $1.07B | +1.8% | −2.79% |
| Sep 4, 2025Q3 FY25 | $1.22 | $1.24 | +1.6% | $1.16B | $1.13B | −2.5% | +1.28% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $995.0M | $1.32B | $1.13B | $1.07B | $1.04B | $1.42B | |
| Gross profit | $335.6M | $436.7M | $381.8M | $350.7M | $337.3M | $482.7M | |
| Operating income | $77.8M | $174.8M | $64.8M | $92.5M | $90.1M | $195.0M | |
| Net income | $52.8M | $136.8M | $53.5M | $73.0M | $67.9M | $145.4M | |
| Diluted EPS | $0.52 | $1.37 | $0.54 | $0.74 | $0.69 | $1.50 | |
| Gross margin | 33.7% | 33.1% | 33.7% | 32.9% | 32.5% | 33.9% | |
| Operating margin | 7.8% | 13.3% | 5.7% | 8.7% | 8.7% | 13.7% |
Fiscal years (4-quarter sums)FY21 $3.96B · FY22 $4.51B · FY23 $4.55B · FY24 $4.58B · FY25 $4.51B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, May 1, 2026Cash & short-term investments $180.4M · Total debt $1.14B · Total assets $3.71B · Shareholders' equity $1.37B
Dividends
Raised for 38 straight years — most recently to $0.39 from $0.38 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 16, 2026 | Jun 16 | Jul 10 | $0.39 | |
| Mar 30, 2026 | Mar 30 | Apr 13 | $0.39 | |
| Dec 22, 2025 | Dec 22 | Jan 12 | $0.39 | raised from $0.38 |
| Oct 7, 2025 | Oct 7 | Oct 21 | $0.38 | |
| Jun 17, 2025 | Jun 17 | Jul 11 | $0.38 | |
| Mar 31, 2025 | Mar 31 | Apr 14 | $0.38 | |
| Dec 23, 2024 | Dec 23 | Jan 13 | $0.38 | raised from $0.36 |
| Sep 30, 2024 | Sep 30 | Oct 11 | $0.36 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 95.23M · Float 94.84M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 8.98M | 9.43% | 13F | Aug 7, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 7.14M | 7.50% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 5.45M | 5.72% | 13F | Aug 13, 2026 |
| AQR Capital Management LLC | 4.42M | 4.64% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 4.37M | 4.59% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 26, 2026 | Edric C. Funk | officer: President & COO | −1,103 | $97.97 |
| Jun 23, 2026 | Kurt D. Svendsen | officer: VP, Technology | −6,600 | $93.09 |
| Jun 16, 2026 | Angela C. Drake | officer: VP & CFO | +160 | $90.01 |
| Jun 11, 2026 | Peter D. Moeller | officer: Group VP, Undg, Spec Con & Inl | −2,000 | $93.41 |
| Jun 9, 2026 | Gary Lee Ellis | director | −4,951 | $91.91 |
Peers
- Deere & Company
Leading rival in golf, commercial turf, and compact jobsite equipment.
- Textron
Specialist rival in golf-course, municipal, and sports-turf equipment.
- Douglas Dynamics
Named rival for light-truck snow plows and spreaders.
- Valmont Industries
Rival in agricultural irrigation hardware and digital water management.
- Alamo Group
Peripheral rival in vegetation management and rental utility equipment.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Toro | $99.03 | 0.00% | $9.43B | 28.5 | 20.4 | 2.0 | +8.1% |
| Deere & Company | $630.06 | −0.02% | $170.15B | 35.0 | 30.2 | 3.6 | +7.0% |
| Textron | $83.04 | +0.01% | $14.28B | 15.7 | 12.5 | 0.9 | +8.5% |
| Douglas Dynamics | $41.82 | −0.05% | $967.1M | 19.0 | 13.0 | 1.4 | +10.5% |
| Valmont Industries | $476.28 | +0.01% | $9.19B | 18.9 | — | 2.2 | +6.5% |
| Alamo Group | $165.27 | +0.02% | $2.01B | 19.8 | 14.8 | 1.2 | +7.6% |
| Median | 19.0 | 13.9 | 1.4 | +7.6% |