Filing Flows › Toro (TTC) › How it makes money
How Toro (TTC) makes money
Toro (TTC) made $1.2B of revenue in the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier. Equipment brought in $1.1B (90%); Irrigation brought in $122M (10%). Of every dollar of revenue, 34¢ was left as gross profit, 9¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Equipment | $1.1B | 90.0% | -15% | +9% |
| Irrigation | $122M | 10.0% | +1% | +5% |
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $1.2B | 100.0% |
| Cost of revenue | $808M | 65.9% |
| Gross profit | $418M | 34.1% |
| Operating expenses | $303M | 24.7% |
| Operating profit | $115M | 9.4% |
| Income tax | $29.9M | 2.4% |
| Net earnings | $77.0M | 6.3% |
| Operating cash flow | $183M | 14.9% |
| Free cash flow | $160M | 13.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $1.2B | +8% |
| Q2 FY26 | $1.4B | +8% |
| Q1 FY26 | $1.0B | +4% |
| Q4 FY25 | $1.1B | -0.9% |
| Q3 FY25 | $1.1B | -2% |
| Q2 FY25 | $1.3B | -2% |
| Q4 FY24 | $1.1B | +9% |
From Toro's 10-Q filed Sep 3, 2026 (on EDGAR).
Questions
How does Toro make money?
Toro (TTC) made $1.2B of revenue in the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier. Equipment brought in $1.1B (90%); Irrigation brought in $122M (10%). Of every dollar of revenue, 34¢ was left as gross profit, 9¢ was left as operating profit, 6¢ was left as net earnings.
What is Toro's biggest business?
Equipment: $1.1B in the third quarter fiscal 2026, 90% of revenue, +9% from a year earlier.
What is Toro's profit margin?
Net earnings were $77.0M, 6.3% of revenue, in the third quarter fiscal 2026; the operating margin was 9.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.