Toro Co
thetorocompany.comWhat Do They Do?
Sells outdoor maintenance and construction equipment to contractors, rental companies and homeowners, as well as irrigation systems for landscaping and agricultural use.
10-K for FY2025, filed Dec 17, 2025We design, manufacture, market and sell professional turf maintenance equipment and services; turf irrigation systems; landscaping…View ↗
We design professional turf maintenance; landscape and lighting; rental, specialty, and underground construction; snow and ice management…View ↗
We design, manufacture, market, and sell a range of professional grade products to serve the underground construction market under the…View ↗
Irrigation products are designed, manufactured, marketed, and sold under the Toro and Irritrol brands and primarily include rotors…View ↗
Irrigation products for the ag-irrigation market are designed, manufactured, marketed, and sold under the Toro brand and are intended to…View ↗
We market and sell our Residential segment products to homeowners through a variety of distribution channels, including outdoor power…View ↗
How Do They Make Money?
Customers, mainly distributors, dealers and mass retailers, buy equipment and irrigation products; most sales are completed when products ship, with some completed on delivery, and service work as it is performed.
10-K for FY2025, filed Dec 17, 2025
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10-K for FY2025, filed Dec 17, 2025
FY2025 revenue by product or service ↗
$4.5B
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10-K for FY2025, filed Dec 17, 2025
$4.5B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Equipment
Sold outright
10-K for FY2025, filed Dec 17, 2025 |
90%
FY2022: 90%
|
Equipment, FY2025
$4.1B Sources
|
Sold outright |
|
Irrigation
Sold outright
10-K for FY2025, filed Dec 17, 2025 |
9.8%
FY2022: 10%
|
Irrigation, FY2025
$443M Sources
|
Sold outright |
Who Are Their Customers?
Professional users and homeowners mostly buy through distributors, dealers and retailers; some professional products are sold directly to government customers, rental companies and end-users.
10-K for FY2025, filed Dec 17, 2025Customers, Distribution, and MarketingView ↗
Professional segment products are sold to distributors and dealers primarily for resale to golf courses, sports fields, contractors…View ↗
Residential segment products, such as walk power mowers, zero-turn riding mowers, and snow throwers, are generally sold to home centers…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 7 cents of every revenue dollar as net income in FY2025 and turned 13 cents into free cash flow.
10-K for FY2025, filed Dec 17, 2025
$409.9MView ↗
10-K for FY2025, filed Dec 17, 2025
$316.1MView ↗
10-K for FY2025, filed Dec 17, 2025
$578.3MView ↗
How Are They Changing?
10-Q for Q3 FY2026, filed Sep 3, 2026
Open tableView ↗
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Jul 22, 2026
Edric Funk elected CEO as Richard Olson becomes executive chairman
The changes take effect November 1, 2026, with Olson moving to executive chairman.
Sources
8-K, filed Jul 22, 2026
On July 22, 2026, The Toro Company (the “Company”) announced a planned leadership transition as part of its long-term succession planning…View ↗
Growing. Revenue grew 14% in 4 years, from $4B in FY2021 to $4.5B in FY2025, about 3% a year.
Expanded underground offerings
Tornado adds hydrovac excavation and industrial equipment solutions for underground construction, power transmission and energy markets, supplementing the underground utility equipment described in the earlier report.
10-K for FY2022, filed Dec 22, 2022 10-K for FY2025, filed Dec 17, 2025We design, manufacture, market, and sell a range of professional grade products to serve the underground construction market under the…View ↗
On December 8, 2025, we acquired Tornado Infrastructure Equipment Ltd., a Calgary, Alberta, Canada-based manufacturer in the hydrovac…View ↗
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