How Toro makes money

Period

FY2025

How does Toro make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Toro Company (The) · FY2025 · year ended 2025-10-31

Revenue$4.5BGross profit$1.5B · 33%Cost of revenue$3.0B · 67%Operating income$410M · 9%Operating expenses$1.1B · 24%R&D$162M · 4%Other opex$933M · 21%Pre-tax income$378M · 8%Other expense$32M · 1%Net income$316M · 7%Income tax$62M · 1%Equipment Products & Services$4.1B · 90%Irrigation$443M · 10%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.