Toro (TTC) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Sep 3, 2026 · Toro (TTC) Q3 FY26 earnings results →

Q3 FY26 Revenue up 8% year over year to $1.2B · 6¢ of every $1 of revenue kept as net profit · operating margin 9.4%

Toro made $1.2B in Q3 FY26 (+8% Y/Y): Equipment $1.1B, Irrigation $122M. Operating margin 9.4%, net earnings $77.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 3, 2026.

Revenue$1.2B

Year over year+8%

Operating margin9.4%

Net earnings$77.0M

Operating cash flow$183M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.2B in Q3 FY26, up 8% year over year and down 14% from the previous quarter. Equipment was the largest line at 90% of revenue. Equipment added $0.09B year over year (up 9%), 94% of the total change.

Gross margin was 34.1%, up 0.4 points from Q3 FY25. Operating profit was $0.12B, a 9.4% margin (up 3.7 points year over year). Of the extra revenue versus Q3 FY25, 53% reached operating profit, above the 6% margin then. Operating expenses fell 4% while revenue rose 8%. The fastest-growing cost line was SG&A (+10%). Net earnings were $0.08B, up 44% year over year. The effective tax rate was 28.0%.

Operating cash flow was $0.18B (down 19% year over year), 237% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.02B left free cash flow of $0.16B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 FY26	10-Q	Sep 3, 2026	$1.2B	+8%	9.4%	$77.0M	$183M
Q2 FY26	10-Q	Jun 4, 2026	$1.4B	+8%	13.7%	$145M	$267M
Q1 FY26	10-Q	Mar 5, 2026	$1.0B	+4%	8.4%	$67.9M	$26.1M
Q4 FY25	10-K	Dec 17, 2025	$1.1B	-0.9%	8.7%	$73.0M	$313M
Q3 FY25	10-Q	Sep 4, 2025	$1.1B	-2%	5.7%	$53.5M	$226M
Q2 FY25	10-Q	Jun 5, 2025	$1.3B	-2%	13.3%	$137M	$172M
Q4 FY24	10-K	Dec 18, 2024	$1.1B	+9%	10.1%	$89.9M	$240M

Charts

Latest (Q3 FY26): Y/Y +8%, Q/Q -14%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 FY26): Net income $77.0M, Operating cash flow $183M.

-8.2% since FY20: buybacks shrank the count.

Cash $341M, short-term investments —, long-term debt $922M at 2025-10-31.