TORO CO
For the period ended Oct 31, 2025. Filed Dec 17, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Dec 17, 2025
TTC$107.91+2.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(Dollars in millions, except per share data)
| October 31 | 2025 | 2024 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $341.0 | $199.5 |
| Receivables, net: | ||
| Customers, net of allowances (2025 - $4.8; 2024 - $4.3) | 332.3 | 410.9 |
| Receivables from finance affiliate | 21.6 | 26.0 |
| Other | 24.3 | 22.8 |
| Total receivables, net | 378.2 | 459.7 |
| Inventories, net | 920.8 | 1,038.9 |
| Prepaid expenses and other current assets | 65.1 | 66.8 |
| Total current assets | 1,705.1 | 1,764.9 |
| Property, plant, and equipment, net | 615.8 | 644.8 |
| Goodwill | 450.9 | 450.3 |
| Other intangible assets, net | 390.3 | 498.7 |
| Right-of-use assets | 114.7 | 114.5 |
| Investment in finance affiliate | 41.0 | 49.2 |
| Deferred income taxes | 105.8 | 45.0 |
| Other assets | 15.2 | 15.4 |
| Total assets | $3,438.8 | $3,582.8 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current portion of long-term debt | $— | $10.0 |
| Accounts payable | 367.6 | 452.7 |
| Short-term lease liabilities | 19.3 | 20.3 |
| Accrued liabilities: | ||
| Warranty | 152.2 | 150.2 |
| Advertising and sales promotions and incentives programs | 168.6 | 180.4 |
| Compensation and benefit costs | 96.7 | 58.6 |
| Insurance | 16.7 | 16.0 |
| Interest | 8.2 | 11.4 |
| Other | 83.1 | 76.4 |
| Total accrued liabilities | 525.5 | 493.0 |
| Total current liabilities | 912.4 | 976.0 |
| Long-term debt | 921.5 | 911.8 |
| Long-term lease liabilities | 100.3 | 99.1 |
| Deferred income taxes | 0.8 | 0.5 |
| Other long-term liabilities | 50.5 | 43.5 |
| Stockholders' equity: | ||
| Preferred stock, par value $1.00 per share, authorized 1,000,000 voting and 850,000 non-voting shares, none issued and outstanding | — | — |
| Common stock, par value $1.00 per share, authorized 175,000,000 shares; issued and outstanding 97,888,105 shares as of October 31, 2025 and 101,472,125 shares as of October 31, 2024 | 97.9 | 101.5 |
| Retained earnings | 1,390.5 | 1,496.4 |
| Accumulated other comprehensive loss | (35.1) | (46.0) |
| Total stockholders' equity | 1,453.3 | 1,551.9 |
| Total liabilities and stockholders' equity | $3,438.8 | $3,582.8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.