Lpg Carrier was Toro’s largest segment in fiscal 2025, bringing in $12.80M of $21.08M (61%).
| Segment | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Aframax/Lr2 Tanker | — | — | — | — | |
| Lpg Carrier | — | $6.69M | $15.63M | $12.80M | |
| Segment That Includes Eco Tanker Vessels That Transport Refined Petroleum/Oil Products | — | $15.61M | $6.77M | $6.23M | |
| Handysize Tanker | $15.64M | — | — | — | |
| Non-Eco Tanker | — | — | — | $2.05M | |
| Total | $15.64M | $22.30M | $22.39M | $21.08M |
Toro brought in $21.08M from its three segments in fiscal 2025, the year ended December 31, 2025. Toro regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $22.39M. Lpg Carrier was the largest at $12.80M (60.7%), ahead of Segment That Includes Eco Tanker Vessels That Transport Refined Petroleum/Oil Products at $6.23M (29.6%) and Non-Eco Tanker at $2.05M (9.7%).
Compared with fiscal 2024, Segment That Includes Eco Tanker Vessels That Transport Refined Petroleum/Oil Products fell 7.9% to $6.23M and Lpg Carrier fell 18.1% to $12.80M.
Toro began breaking out Lpg Carrier in fiscal 2023, Segment That Includes Eco Tanker Vessels That Transport Refined Petroleum/Oil Products in fiscal 2023 and Non-Eco Tanker in fiscal 2025. Toro stopped reporting Handysize Tanker as a separate segment after fiscal 2022, when it brought in $15.64M.
Toro (TORO) reports its revenue by segment. In fiscal 2025, Lpg Carrier was its largest segment, bringing in $12.80M (60.7% of the total), followed by Segment That Includes Eco Tanker Vessels That Transport Refined Petroleum/Oil Products at $6.23M (29.6%).
Lpg Carrier was Toro's largest segment in fiscal 2025, bringing in $12.80M, or 60.7% of the $21.08M total across its three segments.
Every figure comes from Toro's annual financial filings, as reported. Each line keeps the name Toro gives it, and years follow its fiscal calendar.
Toro's revenue by segment goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.