Toro Company (The)
TTC Industrials Tools & Accessories
Toro Company (The)’s revenue for fiscal 2025 (year ended October 2025) was $4.5 billion, down 1.60% from fiscal 2024. In the quarter to July 2026, revenue grew 8.35%, EPS grew 50.0%, free cash flow fell 22.4% and total debt fell 6.80%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
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Toro Company (The) (TTC) Altman Z-score
Toro Company (The)'s Altman Z-score for fiscal 2025 is 4.79, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.79 | (0.29) |
| FY2024 | 5.09 | 0.24 |
| FY2023 | 4.85 | (0.67) |
| FY2022 | 5.52 | (0.59) |
| FY2021 | 6.11 | 0.63 |
| FY2020 | 5.48 | (0.35) |
| FY2019 | 5.83 | (1.41) |
| FY2018 | 7.24 | (0.66) |
| FY2017 | 7.89 | 0.83 |
| FY2016 | 7.06 | 0.87 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.23 | — | 0.28 | |
| Retained earnings / total assets | 0.40 | — | 0.57 | |
| EBIT / total assets | 0.12 | — | 0.39 | |
| Market value of equity / total liabilities | 3.74 | — | 2.25 | |
| Sales / total assets | 1.31 | — | 1.31 | |
| Altman Z-score | Safe zone | 4.79 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.40 | ||
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 |
|---|---|
| SNA Snap-On Incorporated compare | 7.3× |
| RBC RBC Bearings Incorporated compare | 7.1× |
| LECO Lincoln Electric Holdings, Inc. compare | 7.1× |
| TTC Toro Company (The) | 4.8× |
| EML Eastern Company (The) compare | 3.4× |
| KMT Kennametal Inc. compare | 3.3× |
| TKR Timken Company (The) compare | 2.9× |
| SWK Stanley Black & Decker, Inc. compare | 2.0× |
| HLMN Hillman Solutions Corp. compare | 1.8× |
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