Filing Flows › Toro (TTC) › Q3 FY26 › vs Q3 FY25
Toro (TTC) Q3 FY26 vs Q3 FY25 (year over year)
Toro's revenue rose $94.5M (+8%) from $1.1B in Q3 FY25 to $1.2B in Q3 FY26. The biggest changes: Equipment +$89.2M (+9%); Irrigation +$5.3M (+5%). Gross margin 34.1% against 33.7% (+0.4 pts).
Toro, Q3 FY26: revenue $1.2B (+8% year over year), operating margin 9.4%, net earnings $77.0M, operating cash flow $183M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 34.1% | 33.7% | +0.4 pts |
| Operating margin | 9.4% | 5.7% | +3.7 pts |
| Net margin | 6.3% | 4.7% | +1.6 pts |
| Free cash flow margin | 13.0% | 18.3% | -5.3 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Equipment | $1.1B | $1.0B | $89.2M | +9% |
| Irrigation | $122M | $117M | $5.3M | +5% |
| Revenue | $1.2B | $1.1B | $94.5M | +8% |
| Gross profit | $418M | $382M | $36.3M | +10% |
| Cost of revenue | $808M | $750M | $58.2M | +8% |
| Operating profit | $115M | $64.8M | $50.4M | +78% |
| Operating expenses | $303M | $317M | −$14.1M | -4% |
| Pre-tax earnings | $107M | $57.8M | $49.1M | +85% |
| Other expense, net | $8.3M | $7.0M | $1.3M | +19% |
| SG&A | $260M | $236M | $23.9M | +10% |
| Other operating costs | $43.1M | $81.1M | −$38.0M | -47% |
| Net earnings | $77.0M | $53.5M | $23.5M | +44% |
| Income tax | $29.9M | $4.3M | $25.6M | +595% |
| Depreciation & amortization | $29.3M | $32.9M | −$3.6M | -11% |
| Share-based compensation | $5.7M | $5.5M | $200K | +4% |
| Working capital & other | $70.7M | $134M | −$63.2M | -47% |
| Operating cash flow | $183M | $226M | −$43.1M | -19% |
| Free cash flow (OCF − capex) | $160M | $207M | −$47.6M | -23% |
| Capital expenditures | $23.1M | $18.6M | $4.5M | +24% |
Questions
How much did Toro's revenue grow year over year in Q3 FY26?
Toro's revenue rose $94.5M (+8%) from $1.1B in Q3 FY25 to $1.2B in Q3 FY26.
What drove Toro's revenue change in Q3 FY26?
Equipment +$89.2M (+9%); Irrigation +$5.3M (+5%).