Financial Snapshot

Revenue
$29.09M
TTM
Gross Margin
51.9%
TTM
Net Earnings
$47.63M
TTM
Current Assets
$195.2M
Q3 2024
Current Liabilities
$5.302M
Q3 2024
Current Ratio
3682.33%
Q3 2024
Total Assets
$325.4M
Q3 2024
Total Liabilities
$5.302M
Q3 2024
Book Value
$320.1M
Q3 2024
Cash
$192.1M
Q3 2024
P/E
0.9742
Nov 29, 2024 EST
Free Cash Flow
$23.21M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021
Revenue $78.47M $111.9M $29.26M
YoY Change -29.87% 282.33%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021
Revenue $78.47M $111.9M $29.26M
Cost Of Revenue $25.53M $51.03M $23.42M
Gross Profit $52.94M $60.86M $5.843M
Gross Profit Margin 67.47% 54.39% 19.97%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021
Selling, General & Admin $8.244M $5.194M $2.743M
YoY Change 58.74% 89.34%
% of Gross Profit 15.57% 8.53% 46.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.840M $7.294M $3.834M
YoY Change -6.23% 90.25%
% of Gross Profit 12.92% 11.99% 65.62%
Operating Expenses $15.08M $12.49M $6.577M
YoY Change 20.79% 89.87%
Operating Profit $37.86M $51.59M -$734.2K
YoY Change -26.63% -7127.26%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021
Interest Expense $4.106M $902.6K -$367.2K
YoY Change 354.88% -345.79%
% of Operating Profit 10.85% 1.75%
Other Income/Expense, Net $4.106M -$706.1K -$122.8K
YoY Change -681.42% 474.89%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021
Pretax Income $141.0M $50.89M -$1.224M
YoY Change 177.06% -4256.65%
Income Tax $350.7K $960.2K $206.2K
% Of Pretax Income 0.25% 1.89%
Net Earnings $137.0M $49.93M -$1.430M
YoY Change 174.49% -3590.41%
Net Earnings / Revenue 174.64% 44.62% -4.89%
Basic Earnings Per Share $8.69 $5.28
Diluted Earnings Per Share $2.82 $5.28 -$0.15

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021
Cash & Short-Term Investments $155.2M $41.78M $4.963M
YoY Change 271.56% 741.75%
Cash & Equivalents $155.2M $41.78M $4.963M
Short-Term Investments
Other Short-Term Assets $5.977M $915.2K $427.8K
YoY Change 553.04% 113.92%
Inventory $260.6K $893.6K $3.138M
Prepaid Expenses
Receivables $4.132M $10.62M $4.102M
Other Receivables $3.923M $558.3K $0.00
Total Short-Term Assets $165.1M $54.76M $12.63M
YoY Change 201.54% 333.55%
Property, Plant & Equipment $88.71M $92.49M $108.1M
YoY Change -4.09% -14.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $50.54M $0.00
YoY Change
Other Assets $2.128M $8.521M $2.519M
YoY Change -75.02% 238.29%
Total Long-Term Assets $143.0M $102.7M $111.4M
YoY Change 39.19% -7.81%
Total Assets $308.1M $157.5M $124.0M
YoY Change
Accounts Payable $3.188M $1.643M $505.6K
YoY Change 93.96% 225.03%
Accrued Expenses $2.735M $2.269M $483.7K
YoY Change 20.52% 369.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.311M $2.606M $2.930M
YoY Change -49.69% -11.06%
Total Short-Term Liabilities $7.859M $6.519M $6.946M
YoY Change 20.55% -6.15%
Long-Term Debt $3.903M $10.46M $13.07M
YoY Change -62.7% -19.94%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.903M $10.46M $13.07M
YoY Change -62.7% -19.94%
Total Liabilities $11.76M $16.98M $20.02M
YoY Change -30.74% -15.16%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021
Basic Shares Outstanding 15.44M 9.461M
Diluted Shares Outstanding 48.66M 42.68M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $46.398 Million

About TORO CORP.

Toro Corp. is a shipping company, which engages in the acquisition, owning, chartering, and operation of oceangoing tanker vessels. Toro Corp is a shipping company that acquires, owns, charters and operates oceangoing tanker vessels and provides worldwide seaborne transportation services for crude oil and refined petroleum products. The firm operates tanker vessels that engage in the worldwide transportation of crude oil and refined petroleum products using Aframax/LR2 tankers, which transport crude oil, and Handysize tankers, which transport refined petroleum products. The firm operates in two reportable segments: the Aframax/LR2 tanker segment, which provides transportation of crude oil and the Handysize tanker segment, which provides transportation of crude oil as well as refined petroleum products.

Industry: Deep Sea Foreign Transportation of Freight Peers: Castor Maritime Inc.