Toro Co.
- TTC ยท NYSE
- Lawn & Garden Tractors & Home Lawn & Gardens Equip
- Bloomington, MN
- 9,227 employees
- CIK 0000737758
Updated from SEC filings through
Top things to know
Revenue, FY2025$4.5B-1.6% vs FY2024Operating margin9.1%Operating income $410MEmployees9,227As of October 31, 2025Next earningsDecember 16, 2026AnnouncedLatest 8-KDeparture or appointment of directors or officers; compensationFiled September 21, 2026Leadership changeItem 5.02 filedSeptember 21, 2026, last 90 days
Executives
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Richard M. Olson Chairman and chief executive officer 8-K, 2026-09-03 -
Angela C. Drake VP & CFO 4, 2026-06-17 - Neal Matthew Lackritz Chief Technology Officer 3, 2026-11-03
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Edric C. Funk President & COO 4, 2026-09-09 -
Joanna M. Totsky Vice President, General Counsel and Corporate Secretary 8-K, 2026-07-22 -
Grant M. Young Group Vice President, Golf, Grounds and Irrigation 10-K, 2025-12-17
What leadership is saying
“Strong momentum continued in the third quarter, supported by sustained demand across our portfolio and our consistent focus on operational excellence and margin expansion”
Earnings press release (8-K Ex. 99.1), filed September 3, 2026
Toro Co is a U.S. public company in lawn & garden tractors & home lawn & gardens equip (SIC 3524), headquartered in Bloomington, MN. It trades as TTC on NYSE. Revenue was $4.5B in the fiscal year ending October 31, 2025, -1.6% from the year before. It reported about 9,227 employees. Richard M. Olson is Chairman and chief executive officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $4.5B 10-K, 2025-12-17 | $4.6B 10-K, 2025-12-17 | $4.6B 10-K, 2025-12-17 | $4.5B 10-K, 2024-12-18 | $4.0B 10-K, 2023-12-20 |
| Operating income | $410M 10-K, 2025-12-17 | $533M 10-K, 2025-12-17 | $431M 10-K, 2025-12-17 | $576M 10-K, 2024-12-18 | $518M 10-K, 2023-12-20 |
| SG&A | $1.0B 10-K, 2025-12-17 | $1.0B 10-K, 2025-12-17 | $996M 10-K, 2025-12-17 | $929M 10-K, 2024-12-18 | $820M 10-K, 2023-12-20 |
| Net income | $316M 10-K, 2025-12-17 | $419M 10-K, 2025-12-17 | $330M 10-K, 2025-12-17 | $443M 10-K, 2024-12-18 | $410M 10-K, 2023-12-20 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Richard M. Olson Chairman and CEO at The Toro Company | Chairman and chief executive officer | 8-K, 2026-09-03 |
| Angela C. Drake | VP & CFO | 4, 2026-06-17 |
| Neal Matthew Lackritz | Chief Technology Officer | 3, 2026-11-03 |
| Edric C. Funk President & Chief Operating Officer at The Toro Company | President & COO | 4, 2026-09-09 |
| Joanna M. Totsky Global C-Suite Executive; Board Advisor; Board Member; Chief Legal Officer; Manufacturing; Industrial; Global Operations; Strategy; M&A; Governance; Sustainabil | Vice President, General Counsel and Corporate Secretary | 8-K, 2026-07-22 |
| Grant M. Young Group Vice President, Golf Grounds & Irrigation | Group Vice President, Golf, Grounds and Irrigation | 10-K, 2025-12-17 |
 Lori A. Riley Head of HR - Vice President - Human Resources & Corporate Affairs @ The Toro Company | Vice President, Human Resources | 10-K, 2025-12-17 |
 Kurt D. Svendsen Strategy/Technology Leader at The Toro Company | VP, Technology | 4, 2026-06-24 |
 Peter D. Moeller Group Vice President, Construction & International Businesses at The Toro Company | Group VP, Undg, Spec Con & Inl | 4, 2026-06-15 |
| Lori Riley | VP, Human Resources | 4, 2026-04-15 |
 Gregory S. Janey | Group VP, Landscapes & Contrac | 4, 2026-03-26 |
| Grant Young | VP, Golf, Grounds & Irrigation | 4, 2025-12-23 |
| Jason P. Baab | VP, Strategy, Corp Dev & Sust | 4, 2025-12-23 |
| Kevin N. Carpenter | VP, Global Ops & Supply Chain | 4, 2025-12-23 |
| Co Toro | VP, Golf, Grounds & Irr. | 4, 2025-10-14 |
 David W. Huml | Director | 8-K, 2026-09-21 |
What Toro Co does
We design, manufacture, market and sell professional turf maintenance equipment and services; turf irrigation systems; landscaping equipment and lighting products; snow and ice management products; agricultural irrigation ("ag-irrigation") systems; rental, specialty and underground construction equipment; and residential yard and snow thrower products. Our purpose is to help our customers enrich the beauty, productivity, and sustainability of the land.S.")S. where we market our products branded under such trademarks.
Shares and governance
| Shares outstanding | 94.7 million (as of August 27, 2026) | 10-Q, September 3, 2026 |
|---|---|---|
| Public float | $7.0B (as of May 2, 2025) | 10-K, December 17, 2025 |
| Reportable segments | 2 (period ending July 31, 2026) | 10-Q, September 3, 2026 |
| Latest proxy statement | Meeting October 31, 2025 (filed February 3, 2026) | DEF 14A, February 3, 2026 |
| Auditor | Kpmg LLP (Minneapolis, MN) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 8, 2026 | Edric C. Funk President & COO | Sale | 145 | $14K | Form 4, September 9, 2026 |
| June 26, 2026 | Edric C. Funk President & COO | Sale | 1,383 | $136K | Form 4, June 29, 2026 |
| June 23, 2026 | Kurt D. Svendsen VP, Technology | Sale | 6,600 | $614K | Form 4, June 24, 2026 |
| June 16, 2026 | Angela C. Drake VP & CFO | Buy | 160 | $14K | Form 4, June 17, 2026 |
| June 11, 2026 | Peter D. Moeller Group VP, Undg, Spec Con & Inl | Sale | 2,000 | $187K | Form 4, June 15, 2026 |
| June 9, 2026 | Gary Lee Ellis Director | Sale | 4,951 | $455K | Form 4, June 10, 2026 |
| March 24, 2026 | Gregory S. Janey Group VP, Landscapes & Contrac | Sale | 3,500 | $334K | Form 4, March 26, 2026 |
| March 10, 2026 | Richard M. Olson Chairman & CEO | Sale | 119,400 | $12.0M | Form 4, March 12, 2026 |
Recent 8-K events
- 8-K filed 2026-09-21
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-09-03
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-22
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-04
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-03-20
- Item 3.03 Material modification to rights of security holders
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- Item 5.07 Submission of matters to a vote of security holders
- Item 8.01 Other events
- 8-K filed 2026-03-05
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-12-17
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-12-09
- Item 2.01 Completion of acquisition or disposition of assets
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2025-10-08
- Item 1.01 Entry into a material definitive agreement
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-09-30
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
Frequently asked questions about Toro Co
- What does Toro Co do?
- In its own words, from Item 1 of its 10-K: "We design, manufacture, market and sell professional turf maintenance equipment and services; turf irrigation systems; landscaping equipment and lighting products; snow and ice management products; agricultural irrigation ("ag-irrigation") systems; rental, specialty and underground construction equipment; and residential yard and snow thrower products. Our purpose is to help our customers enrich the beauty, productivity, and sustainability of the land.S.")S. where we market our products branded under such trademarks."
- What is Toro Co's revenue?
- $4.5B for the fiscal year ending October 31, 2025, from its 10-K filed December 17, 2025.
- Is Toro Co profitable?
- Toro Co reported net income of $316M for the fiscal year ending October 31, 2025.
- How many employees does Toro Co have?
- About 9,227 as of October 31, 2025, as stated in its annual report.
- Who is the CEO of Toro Co?
- Richard M. Olson, Chairman and chief executive officer, as named in a 8-K filed September 3, 2026.
- Who is the CFO of Toro Co?
- Angela C. Drake, VP & CFO, as named in a 4 filed June 17, 2026.
- Where is Toro Co headquartered?
- Bloomington, MN.
- What is Toro Co's stock ticker?
- TTC on NYSE.
- What industry is Toro Co in?
- Lawn & Garden Tractors & Home Lawn & Gardens Equip, SIC code 3524.
- What is Toro Co's website?
- thetorocompany.com.
- When does Toro Co report earnings next?
- December 16, 2026. Source: pg_future_events.
- Is Toro Co a public company?
- Yes. Toro Co files with the SEC under CIK 0000737758 and trades as TTC.
- Who audits Toro Co?
- Kpmg LLP, Minneapolis, MN, as named in its latest annual report (10-K).
- How many shares of Toro Co are outstanding?
- 94.7 million shares as of August 27, 2026, from its 10-Q filed September 3, 2026.
- What is Toro Co's public float?
- $7.0B as of May 2, 2025, as reported on the cover of its 10-K filed December 17, 2025.
- How many business segments does Toro Co report?
- 2 reportable segments for the period ending July 31, 2026, from its 10-Q filed September 3, 2026.
- When is Toro Co's annual shareholder meeting?
- October 31, 2025, per its proxy statement (DEF 14A) filed February 3, 2026.
- Have Toro Co insiders traded stock recently?
- Since March 10, 2026, officers and directors reported 8 open-market sales worth about $14.2M and 1 purchase worth about $14K on Forms 4 and 5. The most recent: Edric C. Funk (President & COO) sold 145 shares on September 8, 2026.