The Filing Desk

Lindsay vs Toro

Lindsay LNN · Toro TTC · Agricultural & Farm Machinery

Toro reported revenue of $4.5 billion in fiscal 2025, 7.1 times Lindsay's $636 million in fiscal 2026. Lindsay's revenue fell 6.0% in its latest year, and Toro's fell 1.6%. Lindsay had an operating margin of 10.5%, against 9.1% at Toro. Free cash flow was $35 million at Lindsay and $578 million at Toro. Their fiscal years end in different months (August 31 and October 31), so the periods don't line up exactly.

Side by side

LindsayToro
Latest fiscal yearFY2026, Aug 31, 2026FY2025, Oct 31, 2025
Revenue$636M$4.5B
Revenue growth−6.0%−1.6%
Revenue growth a year, last 5 years2.3%5.9%
Gross margin28.9%33.4%
Operating margin10.5%9.1%
Net margin8.8%7.0%
Free cash flow$35M$578M
Free cash flow margin5.5%12.8%
Return on capital11.9%15.9%
Net debt to EBITDA−0.8x1.1x
Dividends and buybacks$96M$441M
Change in diluted share count−4.4%−4.4%
Last close$105.94$105.46
P/E at the last close19.9×28.1×
Insider trades, last 12 months—bought $14,402, sold $14.2 million
Piotroski F-score5 of 96 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
LindsayToro
Operating margin
Percent of revenue
LindsayToro
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
LindsayToro

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Lindsay and Toro pages.