Toro Co (TTC)
Pretax margin
| Oct 31, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Oct 31, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 31, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 31, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 31, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 512,800 | 490,430 | 317,667 | 349,246 | 400,446 | 456,768 | 642,422 | 596,699 | 552,546 | 478,592 | 438,952 | 451,139 | 499,818 | 519,087 | 512,629 | 456,757 | 407,070 | 362,201 | 322,443 | 338,252 |
| Revenue (ttm) | US$ in thousands | 4,550,900 | 4,443,272 | 4,353,172 | 4,345,472 | 4,494,472 | 4,686,560 | 4,771,130 | 4,687,980 | 4,478,917 | 4,272,115 | 4,090,565 | 3,991,095 | 3,930,922 | 3,818,221 | 3,681,069 | 3,468,487 | 3,362,350 | 3,255,772 | 3,261,817 | 3,294,455 |
| Pretax margin | 11.27% | 11.04% | 7.30% | 8.04% | 8.91% | 9.75% | 13.46% | 12.73% | 12.34% | 11.20% | 10.73% | 11.30% | 12.72% | 13.59% | 13.93% | 13.17% | 12.11% | 11.12% | 9.89% | 10.27% |
October 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $512,800K ÷ $4,550,900K
= 11.27%
The pre-tax margin of Toro Co has exhibited some variability over the past few years. In the latest period ending October 31, 2024, the pre-tax margin was 11.27%, showing a slight increase from the previous quarter. The trend in pre-tax margin appears to have fluctuated within a range in recent quarters, with some quarters exhibiting higher margins compared to others.
It is worth noting that the pre-tax margin was notably higher in the quarters ending May 5, 2023, and May 1, 2020, at 13.46% and 13.93% respectively. On the other hand, the lowest pre-tax margin was recorded in the quarter ending May 3, 2024, at 7.30%.
Overall, Toro Co's pre-tax margin has shown some level of stability around the double-digit range, with periodic fluctuations. It would be important to further investigate the factors contributing to these fluctuations in order to assess the company's operational efficiency and profitability.