Toro Co (TTC)
Net profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 418,900 | 329,700 | 443,300 | 409,880 | 329,701 |
| Revenue | US$ in thousands | 4,583,800 | 4,494,500 | 4,478,920 | 3,930,920 | 3,347,690 |
| Net profit margin | 9.14% | 7.34% | 9.90% | 10.43% | 9.85% |
October 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $418,900K ÷ $4,583,800K
= 9.14%
The net profit margin of Toro Co has shown some fluctuation over the past five years. It was 9.14% in 2024, which represents the percentage of each dollar of revenue that translates into profit after all expenses have been deducted. This is an improvement from the previous year, where the net profit margin was 7.34%. In 2022, the net profit margin was 9.90%, slightly lower than the 10.43% reported in 2021. The net profit margin was 9.85% in 2020, showing relative stability compared to the fluctuations in the following years. Overall, Toro Co has maintained a solid net profit margin in recent years, demonstrating effective cost management and profitability.