Filing Flows › Toro (TTC) › Q2 FY26 › vs Q2 FY25
Toro (TTC) Q2 FY26 vs Q2 FY25 (year over year)
Toro's revenue rose $107M (+8%) from $1.3B in Q2 FY25 to $1.4B in Q2 FY26. The biggest changes: Equipment +$110M (+9%); Irrigation −$3.2M (-3%). Gross margin 33.9% against 33.1% (+0.7 pts).
Toro, Q2 FY26: revenue $1.4B (+8% year over year), operating margin 13.7%, net earnings $145M, operating cash flow $267M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 33.9% | 33.1% | +0.7 pts |
| Operating margin | 13.7% | 13.3% | +0.4 pts |
| Net margin | 10.2% | 10.4% | -0.2 pts |
| Free cash flow margin | 17.6% | 11.6% | +6.0 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Equipment | $1.3B | $1.2B | $110M | +9% |
| Irrigation | $121M | $124M | −$3.2M | -3% |
| Revenue | $1.4B | $1.3B | $107M | +8% |
| Gross profit | $483M | $437M | $46.0M | +11% |
| Cost of revenue | $942M | $881M | $60.8M | +7% |
| Operating profit | $195M | $175M | $20.2M | +12% |
| Operating expenses | $288M | $262M | $25.8M | +10% |
| Pre-tax earnings | $183M | $169M | $14.7M | +9% |
| Other expense, net | $11.6M | $6.1M | $5.5M | +90% |
| Net earnings | $145M | $137M | $8.6M | +6% |
| Income tax | $38.0M | $31.9M | $6.1M | +19% |
| Depreciation & amortization | $37.8M | $33.1M | $4.7M | +14% |
| Share-based compensation | $6.6M | $5.4M | $1.2M | +22% |
| Working capital & other | $77.6M | −$3.6M | $81.2M | — |
| Operating cash flow | $267M | $172M | $95.7M | +56% |
| Free cash flow (OCF − capex) | $251M | $152M | $98.5M | +65% |
| Capital expenditures | $16.5M | $19.3M | −$2.8M | -15% |
Questions
How much did Toro's revenue grow year over year in Q2 FY26?
Toro's revenue rose $107M (+8%) from $1.3B in Q2 FY25 to $1.4B in Q2 FY26.
What drove Toro's revenue change in Q2 FY26?
Equipment +$110M (+9%); Irrigation −$3.2M (-3%).