Toro (TORO) Gross Margin (2022 - 2026)
Toro's Gross Margin was 65.69% in Q2 2026, up 14.40 percentage points from 51.29% a year earlier and up 4.81 percentage points from the prior quarter.
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Analysis
Toro (TORO) Gross Margin (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, Toro's Gross Margin was 62.10% through Jun 30, 2026, up 8.22 percentage points year-over-year; for FY2025, it came in at 56.93%, down 1.54 percentage points from FY2024.
- Gross Margin shows a four-year change of -0.83 percentage points (FY2021 to FY2025).
- In earlier years, Gross Margin was 58.47% in FY2024 (+0.58 pp), 57.89% in FY2023 (-14.47 pp), 72.36% in FY2022 (+14.60 pp) and 57.76% in FY2021.
- The Q2 2026 figure marks the highest quarterly Gross Margin since Q2 2023.
- Compared with a year earlier, Gross Margin has increased for four straight quarters, with an average year-over-year change of +1.91 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q1 2023 (a gain of 14.69 percentage points); the worst was Q3 2023 (a drop of 30.85 percentage points).
- Per Business Quant data, TORO's Gross Margin in the three quarters before Q2 2026 was 60.89% (Q1 2026), 62.61% (Q4 2025) and 58.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 174.38 Bn | 168.91 Bn | - | - |
| 2 | Csx | 95.46 Bn | 91.67 Bn | - | - |
| 3 | United Parcel Service | 85.37 Bn | 62.27 Bn | - | - |
| 4 | Canadian Pacific Kansas City | 80.13 Bn | 79.15 Bn | - | - |
| 5 | Norfolk Southern | 74.79 Bn | 69.43 Bn | - | - |
| 6 | Fedex | 71.16 Bn | 37.11 Bn | - | - |
| 7 | Delta Air Lines | 50.99 Bn | 33.18 Bn | - | - |
| 8 | Old Dominion Freight Line | 39.59 Bn | 38.85 Bn | - | - |
| 9 | United Airlines Holdings | 32.78 Bn | -23.59 Bn | - | - |
| 10 | Toro | 69.22 Mn | -204.27 Mn | 4.57 Mn | 65.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.69% |
| 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% |
API Access
Toro Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TORO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TORO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TORO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();