Cash flow Toromont Industries Ltd.

Equities

TIH

CA8911021050

Heavy Machinery & Vehicles

Real-time Estimate TE Other stock markets 12:07:28 2026-04-14 pm EDT			5-day change	1st Jan Change
211.11 ^CAD	+0.19%		+5.08%	+27.03%

Mar. 27	CIBC Says Q4 2025 Results Mixed for Engineering, Construction, Heavy-Equipment Companies	MT
Mar. 23	Toromont Industries Ltd.(TSX:TIH) added to FTSE All-World Index	CI

6dba7f.BTmiOlrOVbOzGmOoAdDPjTVyGH3pB7c-JoaXauCVwfY.blrmV22RINXeUgmQSLP_-3Q3WQ_eSYcJSfP2E6rCh5BKT8VuD6Rtx9dgVw

Published financial data: TOROMONT INDUSTRIES LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3.89B	4.23B	4.62B	5.02B	5.2B
Total Revenues	3.89B	4.23B	4.62B	5.02B	5.2B
Cost of Goods Sold, Total	2.92B	3.1B	3.38B	3.76B	3.88B
Gross Profit	970M	1.13B	1.24B	1.26B	1.32B
Selling General & Admin Expenses, Total	471M	491M	524M	573M	618M
Provision for Bad Debts	-	-	-	-	-3.8M
Depreciation & Amortization - (IS)	17.8M	18M	16.9M	19.7M	40.91M
Other Operating Expenses, Total	489M	509M	541M	592M	655M
Operating Income	481M	624M	704M	670M	667M
Interest Expense, Total	-28.16M	-27.34M	-28.1M	-28.66M	-35.4M
Interest And Investment Income	9.03M	22.23M	45.98M	53.64M	43.45M
Net Interest Expenses	-19.13M	-5.11M	17.88M	24.98M	8.05M
Other Non Operating Income (Expenses)	-	-	-	-	-7.89M
EBT, Excl. Unusual Items	462M	619M	722M	695M	667M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	14.27M
Other Unusual Items	-5M	-	-	-	-
EBT, Incl. Unusual Items	457M	619M	722M	695M	681M
Income Tax Expense	124M	165M	193M	189M	185M
Earnings From Continuing Operations	333M	454M	529M	507M	497M
Earnings Of Discontinued Operations	-	-	5.6M	-	-
Net Income to Company	333M	454M	535M	507M	497M
Net Income - (IS)	333M	454M	535M	507M	497M
Net Income to Common Incl Extra Items	333M	454M	535M	507M	497M
Net Income to Common Excl. Extra Items	333M	454M	529M	507M	497M
Per Share Items
Net EPS - Basic	4.03	5.52	6.5	6.18	6.11
Basic EPS - Continuing Operations	4.03	5.52	6.43	6.18	6.11
Basic Weighted Average Shares Outstanding	82.55M	82.34M	82.31M	82.01M	81.3M
Net EPS - Diluted	4	5.47	6.45	6.13	6.07
Diluted EPS - Continuing Operations	4	5.47	6.38	6.13	6.07
Diluted Weighted Average Shares Outstanding	83.27M	82.98M	82.9M	82.59M	81.86M
Normalized Basic EPS	3.5	4.7	5.48	5.3	5.13
Normalized Diluted EPS	3.47	4.66	5.44	5.26	5.09
Dividend Per Share	1.36	1.56	1.72	1.92	2.08
Payout Ratio	32.78	27.57	25.91	30.32	33.4
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	628M	777M	876M	864M	971M
EBITA	483M	627M	707M	673M	751M
EBIT	481M	624M	704M	670M	667M
EBITDAR	628M	777M	877M	864M	971M
Effective Tax Rate - (Ratio)	27.17	26.63	26.73	27.14	27.13
Total Current Taxes	121M	155M	174M	189M	209M
Total Deferred Taxes	3.59M	9.85M	18.56M	-615K	-24.41M
Normalized Net Income	289M	387M	451M	434M	417M
Interest on Long-Term Debt	28.16M	27.34M	28.1M	28.66M	35.4M
Non-Cash Pension Expense	2.64M	1.63M	-1.28M	-1.04M	-2.06M
Supplemental Operating Expense Items
Net Rental Expense, Total	194K	252K	315K	378K	392K
Imputed Operating Lease Interest Expense	65.33K	82.45K	105K	126K	144K
Imputed Operating Lease Depreciation	129K	170K	210K	252K	248K
Stock-Based Comp., SG&A Exp. (Total)	3.3M	3.8M	8M	8.7M	21.79M
Stock-Based Comp., Other (Total)	3.17M	3M	2.85M	153K	-
Total Stock-Based Compensation	6.47M	6.8M	10.85M	8.85M	21.79M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	917M	928M	1.04B	891M	1.33B
Total Cash And Short Term Investments	917M	928M	1.04B	891M	1.33B
Accounts Receivable, Total	438M	561M	610M	615M	672M
Other Receivables	13.52M	18.2M	16.92M	21.65M	52.92M
Total Receivables	452M	580M	627M	637M	725M
Inventory	720M	1.03B	1.12B	1.32B	1.19B
Other Current Assets, Total	19.25M	35.97M	23.73M	41.43M	25.37M
Total Current Assets	2.11B	2.57B	2.81B	2.89B	3.27B
Gross Property Plant And Equipment	1.79B	2.01B	2.25B	2.55B	2.85B
Accumulated Depreciation	-794M	-905M	-997M	-1.1B	-1.24B
Net Property Plant And Equipment	995M	1.11B	1.25B	1.45B	1.61B
Goodwill	93.78M	93.78M	93.78M	95.29M	115M
Other Intangibles, Total	381M	379M	376M	374M	408M
Accounts Receivable Long-Term	1.86M	1.24M	1.04M	1.71M	1.08M
Deferred Tax Assets Long-Term	231K	925K	1.37M	1.2M	3.44M
Other Long-Term Assets, Total	3.13M	28.38M	34.37M	58.91M	66.84M
Total Assets	3.58B	4.18B	4.57B	4.87B	5.47B
Liabilities
Accounts Payable, Total	542M	665M	623M	678M	666M
Accrued Expenses, Total	23.07M	18.53M	22.13M	20.27M	24.87M
Current Portion of Long-Term Debt	-	-	-	150M	-
Current Portion of Leases	7.83M	7.72M	9.21M	8.81M	9.97M
Current Income Taxes Payable	15.24M	28.65M	7.01M	-	11.93M
Unearned Revenue Current, Total	200M	309M	360M	332M	359M
Other Current Liabilities	25.4M	27.65M	44.22M	30.68M	41.14M
Total Current Liabilities	814M	1.06B	1.07B	1.22B	1.11B
Long-Term Debt	646M	647M	648M	499M	796M
Long-Term Leases	11.78M	16.16M	25.08M	32.49M	44.69M
Unearned Revenue Non Current	27.25M	23.28M	22.48M	23.58M	26.65M
Pension & Other Post Retirement Benefits	82.71M	30.59M	28.7M	28.77M	28.43M
Deferred Tax Liability Non Current	48.68M	82.94M	97.89M	110M	120M
Other Non Current Liabilities	-	-	-	-	50M
Total Liabilities	1.63B	1.86B	1.89B	1.91B	2.18B
Common Stock, Total	540M	561M	583M	598M	640M
Additional Paid In Capital	16.35M	19.26M	27.35M	34.29M	40.33M
Retained Earnings	1.39B	1.73B	2.08B	2.31B	2.61B
Comprehensive Income and Other	4.75M	13.36M	-6.21M	13.34M	1.99M
Total Common Equity	1.95B	2.33B	2.68B	2.96B	3.29B
Total Equity	1.95B	2.33B	2.68B	2.96B	3.29B
Total Liabilities And Equity	3.58B	4.18B	4.57B	4.87B	5.47B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	82.44M	82.32M	82.31M	81.3M	81.45M
ECS Total Common Shares Outstanding	82.44M	82.32M	82.3M	81.3M	81.45M
Book Value / Share	23.69	28.25	32.61	36.35	40.4
Tangible Book Value	1.48B	1.85B	2.21B	2.49B	2.77B
Tangible Book Value Per Share	17.93	22.51	26.9	30.58	33.98
Total Debt	666M	671M	682M	690M	851M
Net Debt	-251M	-257M	-359M	-201M	-474M
Debt Equivalent of Unfunded Proj. Benefit Obligation	62.24M	-11.1M	-17.15M	-41.65M	-50.17M
Debt Equivalent Oper. Leases	1.55M	2.02M	2.52M	3.02M	3.14M
Account Code - Inventory Valuation	8	-	6	6	6
Inventories - Raw Materials, Total	6.04M	6.89M	6.14M	5.52M	5.32M
Inventories - Work In Process, Total	88.22M	120M	146M	176M	156M
Inventories - Finished Goods, Total	403M	565M	638M	760M	659M
Inventories - Others	223M	334M	329M	380M	371M
Land - (BS)	173M	177M	183M	197M	222M
Buildings, Total	315M	327M	370M	426M	556M
Machinery, Total	1.28B	1.49B	1.66B	1.88B	2.02B
Full Time Employees	6.4K	6.8K	7K	7.3K	7.9K
Accumulated Allowance for Doubtful Accounts (Supple)	20.32M	25.54M	25.08M	30.01M	25.12M
Order Backlog	-	1.29B	1.21B	1.05B	1.53B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	333M	454M	535M	507M	497M
Depreciation & Amortization - CF	154M	160M	179M	202M	232M
Amortization of Goodwill and Intangible Assets - (CF)	2.48M	2.48M	2.48M	2.48M	84.35M
Depreciation & Amortization, Total	157M	162M	182M	204M	316M
Amortization of Deferred Charges, Total - (CF)	1.64M	677K	544K	671K	1.04M
(Gain) Loss From Sale Of Asset	-21.53M	-34.36M	-34.71M	-26.1M	-32.72M
Stock-Based Compensation (CF)	6.47M	6.8M	10.85M	8.85M	12.53M
Net Cash From Discontinued Operations	-	-	2.59M	-	-
Other Operating Activities, Total	-62.61M	-159M	-163M	-147M	-131M
Change In Accounts Receivable	89.64M	-128M	-49.76M	4.2M	-33.51M
Change In Inventories	7.98M	-305M	-115M	-202M	136M
Change In Accounts Payable	-12.92M	104M	-47.16M	59.68M	-16.12M
Change in Unearned Revenues	61.46M	106M	52.53M	-27.09M	-5.65M
Change In Income Taxes	-8.04M	13.41M	-20.8M	-15.27M	-15.37M
Change in Other Net Operating Assets	-8.8M	-3.34M	3.36M	-8.14M	14.77M
Cash from Operations	543M	217M	356M	359M	742M
Capital Expenditure	-71.2M	-69.33M	-114M	-137M	-228M
Sale of Property, Plant, and Equipment	2.47M	25.17M	10.3M	3.43M	16.66M
Cash Acquisitions	-	-	-	-73.59M	-47.45M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	-133K	-167K	26.06M	-125K	95K
Cash from Investing	-68.87M	-44.33M	-78.12M	-207M	-259M
Long-Term Debt Issued, Total	-	-	-	-	300M
Total Debt Issued	-	-	-	-	300M
Long-Term Debt Repaid, Total	-9.88M	-9.08M	-9.39M	-9.73M	-162M
Total Debt Repaid	-9.88M	-9.08M	-9.39M	-9.73M	-162M
Issuance of Common Stock	21.75M	20.63M	21.04M	20.26M	23.17M
Repurchase of Common Stock	-50M	-48.5M	-37.54M	-160M	-40.06M
Common Dividends Paid	-109M	-125M	-139M	-154M	-166M
Common & Preferred Stock Dividends Paid	-109M	-125M	-139M	-154M	-166M
Other Financing Activities, Total	-961K	-	-38K	-103K	-3M
Cash from Financing	-148M	-162M	-164M	-304M	-47.29M
Foreign Exchange Rate Adjustments	-10K	489K	-210K	1.17M	-1.32M
Net Change in Cash	326M	10.95M	113M	-150M	435M
Supplemental Items
Cash Interest Paid	26.16M	24.78M	24.78M	24.78M	29.19M
Cash Income Tax Paid (Refund)	128M	142M	197M	204M	227M
Levered Free Cash Flow	487M	267M	381M	252M	607M
Unlevered Free Cash Flow	503M	283M	398M	270M	628M
Change In Net Working Capital	-110M	207M	121M	226M	-101M
Net Debt Issued / Repaid	-9.88M	-9.08M	-9.39M	-9.73M	138M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	8.67	10.05	10.06	8.87	8.06
Return on Total Capital	12.05	13.89	13.84	11.95	10.71
Return On Equity %	18.22	21.23	21.13	17.96	15.9
Return on Common Equity	18.22	21.23	21.13	17.96	15.9
Margin Analysis
Gross Profit Margin %	24.95	26.79	26.93	25.15	25.41
SG&A Margin	12.12	11.62	11.33	11.41	11.88
EBITDA Margin %	16.15	18.37	18.96	17.21	18.66
EBITA Margin %	12.44	14.81	15.29	13.4	14.44
EBIT Margin %	12.37	14.75	15.24	13.35	12.82
Income From Continuing Operations Margin %	8.56	10.74	11.45	10.09	9.54
Net Income Margin %	8.56	10.74	11.57	10.09	9.54
Net Avail. For Common Margin %	8.56	10.74	11.45	10.09	9.54
Normalized Net Income Margin	7.43	9.15	9.76	8.65	8.01
Levered Free Cash Flow Margin	12.53	6.3	8.23	5.03	11.66
Unlevered Free Cash Flow Margin	12.95	6.69	8.6	5.37	12.07
Asset Turnover
Asset Turnover	1.12	1.09	1.06	1.06	1.01
Fixed Assets Turnover	3.92	4.02	3.91	3.72	3.4
Receivables Turnover (Average Receivables)	8.12	8.46	7.89	8.19	8.08
Inventory Turnover (Average Inventory)	4.03	3.55	3.15	3.08	3.09
Short Term Liquidity
Current Ratio	2.59	2.43	2.64	2.37	2.93
Quick Ratio	1.68	1.43	1.56	1.25	1.84
Operating Cash Flow to Current Liabilities	0.67	0.21	0.33	0.29	0.67
Days Sales Outstanding (Average Receivables)	44.93	43.13	46.27	44.67	45.15
Days Outstanding Inventory (Average Inventory)	90.65	102.89	115.9	118.83	118.16
Average Days Payable Outstanding	67.87	64.76	67.74	60.12	65.42
Cash Conversion Cycle (Average Days)	67.71	81.27	94.43	103.38	97.89
Long Term Solvency
Total Debt/Equity	34.09	28.85	25.41	23.34	25.86
Total Debt / Total Capital	25.42	22.39	20.26	18.92	20.55
LT Debt/Equity	33.69	28.52	25.07	17.97	25.56
Long-Term Debt / Total Capital	25.13	22.13	19.99	14.57	20.31
Total Liabilities / Total Assets	45.5	44.4	41.3	39.3	39.85
EBIT / Interest Expense	17.08	22.83	25.06	23.39	18.84
EBITDA / Interest Expense	22.64	28.76	31.54	30.52	27.77
(EBITDA - Capex) / Interest Expense	20.11	26.23	27.46	25.75	21.32
Total Debt / EBITDA	1.04	0.85	0.77	0.79	0.87
Net Debt / EBITDA	-0.39	-0.33	-0.4	-0.23	-0.48
Total Debt / (EBITDA - Capex)	1.18	0.94	0.88	0.93	1.13
Net Debt / (EBITDA - Capex)	-0.44	-0.36	-0.46	-0.27	-0.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.72	8.86	12.32	8.63	3.62
Gross Profit, 1 Yr. Growth %	16.04	16.89	11.3	1.43	4.72
EBITDA, 1 Yr. Growth %	19.59	23.81	13.51	-1.4	12.56
EBITA, 1 Yr. Growth %	28.88	29.63	13.7	-4.82	11.99
EBIT, 1 Yr. Growth %	29.13	29.78	13.75	-4.84	-0.22
Earnings From Cont. Operations, 1 Yr. Growth %	30.52	36.51	17.55	-4.27	-1.96
Net Income, 1 Yr. Growth %	30.52	36.51	17.73	-5.27	-1.96
Normalized Net Income, 1 Yr. Growth %	31.37	34.05	17.71	-3.73	-3.79
Diluted EPS Before Extra, 1 Yr. Growth %	29.45	36.75	17.71	-3.92	-0.98
Accounts Receivable, 1 Yr. Growth %	-15.43	28.07	8.7	0.81	9.2
Inventory, 1 Yr. Growth %	-1.1	42.38	9.1	18.1	-9.88
Net Property, Plant and Equip., 1 Yr. Growth %	0.75	11.53	13.01	15.36	11.25
Total Assets, 1 Yr. Growth %	7.08	16.7	9.32	6.49	12.36
Tangible Book Value, 1 Yr. Growth %	21.12	25.33	19.48	12.31	11.32
Common Equity, 1 Yr. Growth %	14.99	19.05	15.42	10.12	11.34
Cash From Operations, 1 Yr. Growth %	55.5	-60.03	64	0.96	106.59
Capital Expenditures, 1 Yr. Growth %	64.48	-2.62	66.98	19.26	67.13
Levered Free Cash Flow, 1 Yr. Growth %	52.03	-45.23	44.39	-33.55	141.24
Unlevered Free Cash Flow, 1 Yr. Growth %	49.07	-43.78	41.75	-32.06	133.61
Dividend Per Share, 1 Yr. Growth %	9.68	14.71	10.26	11.63	8.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.79	10.28	9.06	10.46	6.09
Gross Profit, 2 Yr. CAGR %	3.45	16.46	13.3	6.25	3.06
EBITDA, 2 Yr. CAGR %	5.59	21.68	18.16	5.79	5.24
EBITA, 2 Yr. CAGR %	7.93	29.26	20.91	4.03	3.11
EBIT, 2 Yr. CAGR %	7.98	29.46	21.01	4.04	-2.68
Earnings From Cont. Operations, 2 Yr. CAGR %	7.71	33.48	26.11	6.08	-3.12
Net Income, 2 Yr. CAGR %	7.71	33.48	26.77	5.6	-3.63
Normalized Net Income, 2 Yr. CAGR %	8.19	32.7	25.05	6.45	-3.88
Diluted EPS Before Extra, 2 Yr. CAGR %	7.06	33.05	26.29	6.35	-2.46
Accounts Receivable, 2 Yr. CAGR %	-6.23	4.07	17.99	4.68	4.92
Inventory, 2 Yr. CAGR %	-11.13	18.67	24.63	13.51	3.16
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.74	6	12.27	14.18	13.29
Total Assets, 2 Yr. CAGR %	3.1	11.79	12.95	7.89	9.39
Tangible Book Value, 2 Yr. CAGR %	18.59	23.21	22.37	15.84	11.82
Common Equity, 2 Yr. CAGR %	12.85	17	17.22	12.74	10.73
Cash From Operations, 2 Yr. CAGR %	92.78	-21.16	-19.03	28.68	44.42
Capital Expenditures, 2 Yr. CAGR %	11.57	26.56	26.79	41.12	41.18
Levered Free Cash Flow, 2 Yr. CAGR %	60.88	-8.75	-11.58	-2.15	26.38
Unlevered Free Cash Flow, 2 Yr. CAGR %	56.91	-8.45	-11.13	-1.96	25.77
Dividend Per Share, 2 Yr. CAGR %	12.22	12.16	12.46	10.94	9.97
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.51	4.77	9.94	8.91	8.13
Gross Profit, 3 Yr. CAGR %	3.95	7.75	14.21	9.2	5.73
EBITDA, 3 Yr. CAGR %	7.22	11.34	18.63	11.24	7.93
EBITA, 3 Yr. CAGR %	8.93	14.73	23.51	11.64	6.52
EBIT, 3 Yr. CAGR %	9.18	14.81	23.66	11.69	2.52
Earnings From Cont. Operations, 3 Yr. CAGR %	9.71	16.56	27.56	15.04	3.33
Net Income, 3 Yr. CAGR %	9.71	16.56	28.01	15.04	3.02
Normalized Net Income, 3 Yr. CAGR %	9.91	16.2	27.12	14.61	2.84
Diluted EPS Before Extra, 3 Yr. CAGR %	9.22	16.16	27.34	15.29	3.85
Accounts Receivable, 3 Yr. CAGR %	-4.59	4.04	5.59	11.96	6.17
Inventory, 3 Yr. CAGR %	-6.22	3.99	15.39	22.41	5.1
Net Property, Plant and Equip., 3 Yr. CAGR %	1.4	1.8	8.29	13.29	13.19
Total Assets, 3 Yr. CAGR %	3.48	7.45	10.96	10.75	9.36
Tangible Book Value, 3 Yr. CAGR %	20.67	20.8	21.96	18.92	14.31
Common Equity, 3 Yr. CAGR %	13.74	14.88	16.47	14.8	12.27
Cash From Operations, 3 Yr. CAGR %	2.35	14.11	0.64	-12.85	50.67
Capital Expenditures, 3 Yr. CAGR %	12.88	6.62	38.28	24.23	49.31
Levered Free Cash Flow, 3 Yr. CAGR %	-7.16	12.33	5.93	-19.67	32.03
Unlevered Free Cash Flow, 3 Yr. CAGR %	-7.03	11.45	5.59	-18.79	30.8
Dividend Per Share, 3 Yr. CAGR %	13.92	13.04	11.52	12.18	10.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	15.24	12.48	5.69	6.42	8.38
Gross Profit, 5 Yr. CAGR %	15.68	15.31	7.59	6.86	9.61
EBITDA, 5 Yr. CAGR %	16.87	18.09	11.47	8.94	13.08
EBITA, 5 Yr. CAGR %	17.96	19.98	13.57	10.14	14.91
EBIT, 5 Yr. CAGR %	17.84	20.12	13.76	10.19	12.36
Earnings From Cont. Operations, 5 Yr. CAGR %	16.39	20.88	15.99	12.05	14.27
Net Income, 5 Yr. CAGR %	16.39	20.88	16.24	12.05	14.27
Normalized Net Income, 5 Yr. CAGR %	17.25	20.67	15.73	11.99	13.67
Diluted EPS Before Extra, 5 Yr. CAGR %	15.1	19.98	15.75	11.92	14.46
Accounts Receivable, 5 Yr. CAGR %	12.13	3.65	3.87	4.3	5.32
Inventory, 5 Yr. CAGR %	10.58	5.7	5.08	7.7	10.33
Net Property, Plant and Equip., 5 Yr. CAGR %	16.99	4.71	5.62	6.58	10.26
Total Assets, 5 Yr. CAGR %	20.78	7.84	7.17	7.63	10.33
Tangible Book Value, 5 Yr. CAGR %	11.5	23.96	21.35	18.79	17.79
Common Equity, 5 Yr. CAGR %	17.15	15.63	15.12	14.02	14.14
Cash From Operations, 5 Yr. CAGR %	23.51	-3.67	-6.81	19.73	16.28
Capital Expenditures, 5 Yr. CAGR %	23.46	13.19	18.25	19	39.44
Levered Free Cash Flow, 5 Yr. CAGR %	16.95	75.22	-8.95	6.05	13.63
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.32	98.88	-8.69	5.68	13.2
Dividend Per Share, 5 Yr. CAGR %	13.56	15.47	13.33	12.2	10.9