Toro (TORO) Gross Margin (2022 - 2026)
Toro's (TORO) quarterly Gross Margin came in at 60.89% in Q1 2026, up 732.0% year-over-year from 7.32% in Q1 2025, and down 2.75% quarter-over-quarter from 62.61% in Q4 2025.
Analysis
Toro (TORO) Gross Margin (2022 - 2026) Analysis & Trends
Toro has disclosed Gross Margin across 5 years of filings, most recently posting 60.89% for Q1 2026.
- In Q1 2026, Gross Margin rose 732.0% year-over-year to 60.89%; the TTM figure through Mar 2026 stood at 58.89% (up 362.0% YoY), while the FY2025 annual figure was 56.93%, down 154.0% from the prior year.
- Gross Margin came in at 60.89% for Q1 2026 at Toro, down from 62.61% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 84.74% in Q4 2022 to a low of 51.29% in Q2 2025.
- Average Gross Margin over 5 years is 64.91%, with a median of 60.89% recorded in 2026.
- The largest YoY upside for Gross Margin was 1469 bps in 2023 against a maximum downside of 3085 bps in 2023.
- Over 5 years, Gross Margin stood at 84.74% in 2022, then slumped by 33 bps to 56.84% in 2023, then decreased by 7 bps to 52.94% in 2024, then increased by 18 bps to 62.61% in 2025, then decreased by 3 bps to 60.89% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 60.89% in Q1 2026, 62.61% in Q4 2025, and 58.2% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 31.53% |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 99.97% |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | 45.71% |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | 79.33% |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | 84.14% |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 83.88% |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | 98.37% |
| 10 | Toro | 113.76 Mn | 113.76 Mn | 3.63 Mn | 60.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 60.89% |
| Dec 31, 2025 | 62.61% |
| Sep 30, 2025 | 58.20% |
| Jun 30, 2025 | 51.29% |
| Mar 31, 2025 | 53.57% |
| Dec 31, 2024 | 52.94% |
| Sep 30, 2024 | 57.07% |
| Jun 30, 2024 | 57.52% |
| Mar 31, 2024 | 64.94% |
| Dec 31, 2023 | 56.84% |
| Sep 30, 2023 | 52.84% |
| Jun 30, 2023 | 75.57% |
| Mar 31, 2023 | 83.58% |
| Dec 31, 2022 | 84.74% |
| Sep 30, 2022 | 83.69% |
| Jun 30, 2022 | 78.39% |
| Mar 31, 2022 | 68.89% |