Toro Co (TTC)
Pretax margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 512,800 | 400,500 | 552,546 | 499,818 | 407,070 |
| Revenue | US$ in thousands | 4,583,800 | 4,494,500 | 4,478,920 | 3,930,920 | 3,347,690 |
| Pretax margin | 11.19% | 8.91% | 12.34% | 12.72% | 12.16% |
October 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $512,800K ÷ $4,583,800K
= 11.19%
The pretax margin of Toro Co has shown fluctuations over the past five years. In 2024, the pretax margin improved to 11.19% from 8.91% in 2023, indicating a positive trend in profitability before accounting for taxes. However, this current margin is still lower compared to the levels seen in 2022 and 2021 when it was 12.34% and 12.72% respectively. It is worth noting that despite the slight decline in 2024, the company has managed to maintain a relatively stable pretax margin over the past five years, with the margin ranging between 8.91% and 12.72%. This suggests that Toro Co has been able to effectively manage its operating expenses and generate profits from its operations consistently.