Toro Corp.
TORO Energy Oil & Gas Midstream
In the quarter to June 2026, revenue grew 71.3%, EPS fell 745.0% and free cash flow grew 127.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Toro Corp. (TORO) Altman Z-score
Toro Corp.'s Altman Z-score for fiscal 2025 is 0.99, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.99 | (0.04) |
| FY2024 | 1.03 | (0.63) |
| FY2023 | 1.66 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.16 | — | 0.20 | |
| Retained earnings / total assets | 0.31 | — | 0.44 | |
| EBIT / total assets | (0.01) | — | −0.05 | |
| Market value of equity / total liabilities | 0.56 | — | 0.34 | |
| Sales / total assets | 0.06 | — | 0.06 | |
| Altman Z-score | Distress zone | 0.99 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.03 | ||
Z and Z″ put Toro Corp. in different zones: distress zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| IMPP Imperial Petroleum Inc. compare | 5.9× |
| TORO Toro Corp. | 1.0× |
| PXS Pyxis Tankers Inc. compare | 0.7× |
| BROGF Brooge Energy Limited compare | 0.6× |
| SMC Summit Midstream Partners, LP compare | 0.3× |
| NFE New Fortress Energy LLC compare | −1.3× |
| KNOP KNOT Offshore Partners LP compare | — |
| MMLP Martin Midstream Partners L.P. compare | — |
| DLNG Dynagas LNG Partners LP compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets