TacticScaleWhat Toro Does & How It Makes Money (TTC)
Updated October 2026 · reflects Toro's latest reported financials
Maker of mowers, irrigation, and outdoor landscaping and construction equipment. Toro makes money selling equipment, irrigation systems, parts, and accessories through two segments, Professional and Residential.
How Toro makes money
Toro makes money selling equipment, irrigation systems, parts, and accessories through two segments, Professional and Residential. It sells through distributors, dealers, mass and hardware retailers, rental and home centers, and online.
What Toro does
The Toro Company, founded in 1914 and based in Bloomington, Minnesota, makes turf maintenance, irrigation, and outdoor equipment. Its Professional segment serves golf courses, sports fields, landscape contractors, and underground and construction customers. Products include riding and reel mowers, turf sprayers, aeration equipment, irrigation controllers and sensors, directional drills, trenchers, vacuum excavators, and compact construction equipment. The Residential segment sells walk-behind and zero-turn mowers, snow throwers, trimmers, blowers, chainsaws, and related parts to homeowners. Toro reaches customers through distributors and dealers, mass and hardware retailers, rental and home centers, and online channels.
Products & services
- Zero-turn and walk-behind lawn mowers
- Golf and sports turf equipment (reel mowers, greens rollers, sprayers)
- Irrigation systems (sprinklers, valves, controllers, drip line, sensors)
- Horizontal directional drills and trenchers
- Vacuum excavators and stand-on skid steers
- Snow throwers and snow/ice management equipment
What is Toro worth?
On an owner-earnings DCF, Toro's most-likely value is about $107 versus a recent price near $96 (12% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$59) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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