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Financials · TORO

Toro Corp. (TORO) financials

For fiscal 2025 (ended Dec 31, 2025), Toro Corp. reported $21.08M of revenue and $5.93M of net income.

Revenue, FY2025
$21.08M
Revenue growth, YoY
-5.9%
Net income, FY2025
$5.93M
Net income growth, YoY
-76.5%
Net margin
28.1%
Free cash flow, FY2025
-$73.11M
EPS, diluted, FY2025
$0.08
EPS growth, YoY
-92.7%
Cash
$87.42M
P/E
23.12
P/S
6.51
Market cap
$137.2M
Annual revenue$21.08M
FY2021FY2025
Annual net income$5.93M
FY2021FY2025
Annual free cash flow-$73.11M
FY2021FY2025

TORO revenue and earnings growth

TORO revenueFY2025$21.08M

FY YoY
-5.9%

TORO revenue was $21.08M for fiscal 2025 (ended Dec 31, 2025), down 5.9% from fiscal 2024. It rose in 2 of the last 4 fiscal years.

TORO net incomeFY2025$5.93M

FY YoY
-76.5%

TORO net income was $5.93M for fiscal 2025 (ended Dec 31, 2025), down 76.5% from fiscal 2024. It rose in 1 of the last 3 fiscal years.

TORO EPSFY2025$0.08

FY YoY
-92.7%

TORO diluted EPS was $0.08 for fiscal 2025 (ended Dec 31, 2025), down 92.7% from fiscal 2024.

TORO free cash flowFY2025-$73.11M

TORO free cash flow was -$73.11M for fiscal 2025 (ended Dec 31, 2025), compared with $10.66M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Revenue$21.08M$22.39M$22.30M$15.64M$29.26M
Selling, general and admin$8.60M$10.20M$5.36M$2.09M$889.1K
Operating income-$4.65M-$5.56M$8.20M$6.93M-$734.2K
Interest expense$68.1K$230.5K$31.8K$14.1K$506.0K
Pre-tax income$5.61M$5.51M$11.23M$6.92M-$1.22M
Income tax$0$0$47.1K$0$206.2K
Net income$5.93M$25.21M$140.64M$49.93M-$1.43M
EPS, basic$0.08$1.09$8.69$5.28-$0.15
EPS, diluted$0.08$1.09$2.87$1.17-$0.15
Diluted shares17.9M17.4M48.7M42.7M9.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Cash and equivalents$87.42M$37.19M$151.76M$41.78M$4.96M
Receivables$69.9K$416.3K$1.40M$10.62M$4.10M
Inventory$200.4K$195.0K$172.7K$893.6K$3.14M
Current assets$96.30M$55.27M$165.14M$54.76M$12.63M
Total assets$331.35M$326.41M$308.10M$157.48M$124.05M
Current liabilities$41.94M$4.70M$7.86M$6.52M$6.95M
Total debt--$5.21M$13.07M$16.00M
Shareholders' equity$163.60M$199.05M$176.74M$140.50M$104.03M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Operating cash flow-$6.34M$10.78M$4.66M$7.08M-$4.42M
Capital expenditures$66.77M$119.3K$72.22M$295.7K$111.29M
Free cash flow-$73.11M$10.66M-$67.56M$6.78M-$115.70M
Investing cash flow$67.79M-$155.05M-$105.03M-$295.7K-$111.29M
Financing cash flow-$11.31M-$5.13M$14.27M-$13.46M$121.37M
Share repurchases$0$3.73M$1.05M$0$0
Stock-based compensation$3.59M$5.31M$1.27M$0$0
Depreciation and amortization$4.93M$4.90M$3.36M$1.41M$3.83M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Revenue growth, YoY-5.9%0.4%42.6%-46.6%-
Net income growth, YoY-76.5%-82.1%181.7%--
EPS growth, YoY-92.7%-145.3%--
Operating margin-22.1%-24.8%36.8%44.3%-2.5%
Net margin28.1%112.6%630.5%319.3%-4.9%
Free cash flow margin-346.8%47.6%-302.9%43.4%-395.4%
Return on equity3.6%12.7%79.6%35.5%-1.4%
Return on assets1.8%7.7%45.6%31.7%-1.2%
Current ratio2.3011.7721.018.401.82
Debt to equity--0.030.090.15

Source: XBRL data Toro Corp. files with the SEC, latest filing dated Apr 15, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

TORO peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TORO$21.08M-5.9%$5.93M28.1%$137.2M
GD$56.52B+9.7%$4.66B8.2%$97.84B
RCL$19.13B+9.7%$4.55B23.8%$90.13B
CCL$27.59B+5.2%$3.14B11.4%$41.43B
VIK$6.50B+21.9%$1.15B17.7%$38.86B
BIP$23.10B+9.8%$2.53B11.0%$18.16B
HII$13.53B+12.6%$733.00M5.4%$11.99B
FRO$1.97B-8.8%$379.08M19.2%$9.86B
NCLH$10.16B+4.9%$832.94M8.2%$8.46B

TORO FAQ

8 questions
  • What is TORO revenue?
    Toro Corp. (TORO) reported $21.08M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 5.9% from the year before.
  • Is TORO profitable?
    Yes. Toro Corp. earned $5.93M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 28.1%.
  • How much cash and debt does TORO have?
    Toro Corp. reported $87.42M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is TORO revenue growing?
    Toro Corp.'s revenue changed -5.9% in fiscal 2025, to $21.08M.
  • What is TORO free cash flow?
    Toro Corp. generated -$73.11M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$6.34M less capital expenditures.
  • What is TORO earnings per share?
    Diluted earnings per share were $0.08 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did TORO last report financial results?
    The latest statements here come from Toro Corp.'s 20-F filed on Apr 15, 2026, covering the period ended Dec 31, 2025.
  • Where does this TORO financial data come from?
    Quantisnow builds these statements from the structured XBRL data Toro Corp. files with the SEC. It is provided for information only and is not investment advice.