Filing Flows › Toro (TTC) › Q3 FY25
Toro (TTC) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Sep 4, 2025
Toro (TTC) reported revenue of $1.1B for the third quarter fiscal 2025 (Q3 FY25), -2% from a year earlier and -14% from the quarter before. Operating margin was 5.7%, net earnings $53.5M (4.7% of revenue).
Toro, Q3 FY25: revenue $1.1B (-2% year over year), operating margin 5.7%, net earnings $53.5M, operating cash flow $226M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -14% | -2% |
| Gross profit | $382M | -13% | -5% |
| Operating profit | $64.8M | -63% | -56% |
| Net earnings | $53.5M | -61% | -55% |
| Operating cash flow | $226M | +32% | +16% |
| Free cash flow | $207M | +36% | +21% |
What changed
Revenue was $1.1B in Q3 FY25, down 2% year over year and down 14% from the previous quarter. Equipment was the largest line at 90% of revenue. Equipment lost $0.03B year over year (down 3%), 112% of the total change.
Gross margin was 33.7%, down 1.1 points from a year earlier. Operating profit was $0.06B, a 5.7% margin (down 7.1 points year over year). Operating expenses grew 24% against a revenue fall of 2%. Net earnings were $0.05B, down 55% year over year. The effective tax rate was 7.4%.
Operating cash flow was $0.23B (up 16% year over year), 422% 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 $0.13B. Capital expenditures of $0.02B left free cash flow of $0.21B.
Questions
What was Toro's revenue in the third quarter fiscal 2025?
Toro (TTC) reported revenue of $1.1B for the third quarter fiscal 2025 (Q3 FY25), -2% from a year earlier and -14% from the quarter before.
Was Toro profitable in the third quarter fiscal 2025?
Operating profit was $64.8M (5.7% of revenue) and net earnings $53.5M.
Source: Toro 10-Q on SEC EDGAR.