TORO Financial Statements

Balance sheet, income statement, cash flow, and dividends for Toro Corp (TORO).


$53.65M Market Cap.

As of 04/15/2025 5:00 PM ET (MRY) • Disclaimer

TORO Market Cap. (MRY)


TORO Shares Outstanding (MRY)


TORO Assets (MRY)


Total Assets

$326.41M

Total Liabilities

$4.70M

Total Investments

$201.05M

TORO Income (MRY)


Revenue

$22.39M

Net Income

$25.21M

Operating Expense

$15.19M

TORO Cash Flow (MRY)


CF Operations

$14.56M

CF Investing

-$122.57M

CF Financing

-$10.39M

TORO Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

0%

-

2023

$0

0%

0%

0%

-

2022

$0

-

0%

-

-

2021

$0

-

-

-

-

TORO Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$326,407,184 (5.94%)

$308,104,130 (95.65%)

$157,479,103 (26.95%)

$124,046,886

Assets Current

$55,274,287 (-66.53%)

$165,135,568 (201.54%)

$54,763,307 (333.55%)

$12,631,253

Assets Non-Current

$271,132,897 (89.65%)

$142,968,562 (39.19%)

$102,715,796 (-7.81%)

$111,415,633

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0

Shareholders Equity

$199,045,807 (12.62%)

$176,741,199 (25.80%)

$140,496,880 (35.05%)

$104,031,170

Property Plant & Equipment Net

$72,767,793 (-17.97%)

$88,708,051 (-4.09%)

$92,486,178 (-14.43%)

$108,086,280

Cash & Equivalents

$37,193,010 (-76.04%)

$155,235,401 (271.56%)

$41,779,594 (741.75%)

$4,963,411

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$547,939

Total Investments

$201,051,705 (295.06%)

$50,891,667 (7170.24%)

$700,000 (0.00%)

$700,000

Investments Current

$10,364,205 (0%)

$0 (0%)

$0 (0%)

$0

Investments Non-Current

$190,687,500 (274.69%)

$50,891,667 (7170.24%)

$700,000 (0.00%)

$700,000

Inventory

$0 (0%)

$0 (0%)

$893,569 (-71.52%)

$3,137,855

Trade & Non-Trade Receivables

$7,663,301 (38.98%)

$5,513,816 (-57.20%)

$12,883,374 (162.25%)

$4,912,587

Trade & Non-Trade Payables

$338,333 (7.41%)

$315,000 (-80.83%)

$1,643,467 (-44.93%)

$2,984,344

Accumulated Retained Earnings (Deficit)

$140,421,449 (17.31%)

$119,701,687 (374067871.88%)

-$32

-

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0

Total Debt

$0 (0%)

$5,213,786 (-60.11%)

$13,069,474 (-18.31%)

$15,999,743

Debt Current

$0 (0%)

$1,311,289 (-49.69%)

$2,606,302 (-11.06%)

$2,930,269

Debt Non-Current

$0 (0%)

$3,902,497 (-62.70%)

$10,463,172 (-19.94%)

$13,069,474

Total Liabilities

$4,695,558 (-60.08%)

$11,761,521 (-30.74%)

$16,982,223 (-15.16%)

$20,015,716

Liabilities Current

$4,695,558 (-40.25%)

$7,859,024 (20.55%)

$6,519,051 (-6.15%)

$6,946,242

Liabilities Non-Current

$0 (0%)

$3,902,497 (-62.70%)

$10,463,172 (-19.94%)

$13,069,474

TORO Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$22,394,283 (-71.46%)

$78,468,574 (-29.87%)

$111,885,865 (282.33%)

$29,264,268

Cost of Revenue

$12,825,960 (-55.28%)

$28,683,011 (-46.75%)

$53,861,204 (113.10%)

$25,275,239

Selling General & Administrative Expense

$10,198,863 (90.37%)

$5,357,265 (155.92%)

$2,093,347 (135.45%)

$889,096

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0

Operating Expenses

$15,190,903 (117.45%)

-$87,072,964 (-1453.76%)

$6,431,924 (36.18%)

$4,723,213

Interest Expense

-$8,488,282 (-173.08%)

-$3,108,300 (-444.38%)

$902,572 (78.37%)

$506,012

Income Tax Expense

$0 (0%)

$350,667 (-63.48%)

$960,181 (365.71%)

$206,174

Net Loss Income from Discontinued Operations

-$19,695,969 (0%)

$0 (0%)

$0 (0%)

$0

Consolidated Income

$25,207,504 (-82.08%)

$140,636,993 (181.69%)

$49,926,415 (3590.40%)

-$1,430,391

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0

Net Income

$25,207,504 (-82.08%)

$140,636,993 (181.69%)

$49,926,415 (3590.40%)

-$1,430,391

Preferred Dividends Income Statement Impact

$4,487,742 (24.80%)

$3,595,942 (0%)

$0 (0%)

$0

Net Income Common Stock

$20,719,762 (-84.88%)

$137,041,051 (174.49%)

$49,926,415 (3590.40%)

-$1,430,391

Weighted Average Shares

$17,399,772 (12.67%)

$15,443,485 (63.23%)

$9,461,009 (0.00%)

$9,461,009

Weighted Average Shares Diluted

$17,399,772 (-64.24%)

$48,659,725

-

-

Earning Before Interest & Taxes (EBIT)

$16,719,222 (-87.87%)

$137,879,360 (166.23%)

$51,789,168 (7310.92%)

-$718,205

Gross Profit

$9,568,323 (-80.78%)

$49,785,563 (-14.20%)

$58,024,661 (1354.61%)

$3,989,029

Operating Income

-$5,622,580 (-104.11%)

$136,858,527 (165.27%)

$51,592,737 (7127.22%)

-$734,184

TORO Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$122,565,663 (-341.72%)

$50,706,251 (330.13%)

$11,788,681 (110.59%)

-$111,288,060

Net Cash Flow from Financing

-$10,385,208 (-265.55%)

$6,273,237 (138.00%)

-$16,510,675 (-113.60%)

$121,366,515

Net Cash Flow from Operations

$14,563,316 (-74.05%)

$56,126,319 (35.12%)

$41,538,209 (1040.83%)

-$4,415,044

Net Cash Flow / Change in Cash & Cash Equivalents

-$118,387,555 (-204.67%)

$113,105,807 (207.22%)

$36,816,215 (550.07%)

$5,663,411

Net Cash Flow - Business Acquisitions and Disposals

-$50,000,000 (0.00%)

-$50,000,000 (0%)

$0 (0%)

$0

Net Cash Flow - Investment Acquisitions and Disposals

-$104,934,429

-

$0 (0%)

$0

Capital Expenditure

-$119,304 (-100.12%)

$100,706,251 (754.26%)

$11,788,681 (110.59%)

-$111,288,060

Issuance (Repayment) of Debt Securities

-

-$7,992,800 (-162.06%)

-$3,050,000 (-119.18%)

$15,904,954

Issuance (Purchase) of Equity Shares

-$3,728,008 (-121.18%)

$17,600,328 (0%)

$0 (0%)

$0

Payment of Dividends & Other Cash Distributions

-

-

$0 (0%)

$0

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0

Share Based Compensation

$5,312,854 (317.45%)

$1,272,698 (0%)

$0 (0%)

$0

Depreciation Amortization & Accretion

$4,901,246 (-28.34%)

$6,839,702 (-6.23%)

$7,294,476 (90.25%)

$3,834,117

TORO Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

42.70% (-32.65%)

63.40% (22.16%)

51.90% (281.62%)

13.60%

Profit Margin

92.50% (-47.02%)

174.60% (291.48%)

44.60% (1010.20%)

-4.90%

EBITDA Margin

96.50% (-47.67%)

184.40% (249.24%)

52.80% (398.11%)

10.60%

Return on Average Equity (ROAE)

10.50% (-90.72%)

113.20% (177.45%)

40.80%

-

Return on Average Assets (ROAA)

6.40% (-88.15%)

54.00% (52.11%)

35.50%

-

Return on Sales (ROS)

74.70% (-57.48%)

175.70% (279.48%)

46.30% (1952.00%)

-2.50%

Return on Invested Capital (ROIC)

10.00% (-89.92%)

99.20% (139.61%)

41.40%

-

Dividend Yield

0% (0%)

0%

-

-

Price to Earnings Ratio (P/E)

2.58 (355.48%)

0.57

-

-

Price to Sales Ratio (P/S)

2.18 (125.52%)

0.97

-

-

Price to Book Ratio (P/B)

0.27 (-49.53%)

0.54

-

-

Debt to Equity Ratio (D/E)

0.02 (-64.18%)

0.07 (-44.63%)

0.12 (-36.98%)

0.19

Earnings Per Share (EPS)

1.09 (-87.46%)

8.69

-

-

Sales Per Share (SPS)

1.29 (-74.67%)

5.08 (-57.04%)

11.83 (282.35%)

3.09

Free Cash Flow Per Share (FCFPS)

0.83 (-91.83%)

10.15 (80.18%)

5.64 (146.09%)

-12.23

Book Value Per Share (BVPS)

11.44 (-0.03%)

11.44 (-22.94%)

14.85 (35.05%)

11

Tangible Assets Book Value Per Share (TABVPS)

18.76 (-5.97%)

19.95 (19.86%)

16.64 (26.95%)

13.11

Enterprise Value Over EBIT (EV/EBIT)

-8 (0%)

0

-

-

Enterprise Value Over EBITDA (EV/EBITDA)

-6.4 (-29009.09%)

-0.02

-

-

Asset Turnover

0.07 (-77.67%)

0.31 (-61.13%)

0.8

-

Current Ratio

11.77 (-43.97%)

21.01 (150.11%)

8.4 (362.10%)

1.82

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0

Free Cash Flow (FCF)

$14,444,012 (-90.79%)

$156,832,570 (194.10%)

$53,326,890 (146.09%)

-$115,703,104

Enterprise Value (EV)

-$138,463,004 (-4336.75%)

-$3,120,820

-

-

Earnings Before Tax (EBT)

$25,207,504 (-82.12%)

$140,987,660 (177.06%)

$50,886,596 (4256.66%)

-$1,224,217

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$21,620,468 (-85.06%)

$144,719,062 (144.94%)

$59,083,644 (1796.19%)

$3,115,912

Invested Capital

$284,518,616 (89.40%)

$150,223,491 (22.88%)

$122,249,932 (-4.59%)

$128,136,976

Working Capital

$50,578,729 (-67.84%)

$157,276,544 (226.00%)

$48,244,256 (748.62%)

$5,685,011

Tangible Asset Value

$326,407,184 (5.94%)

$308,104,130 (95.65%)

$157,479,103 (26.95%)

$124,046,886

Market Capitalization

$53,653,727 (-43.20%)

$94,468,964

-

-

Average Equity

$197,306,406 (63.03%)

$121,025,648 (-1.01%)

$122,264,025

-

Average Assets

$324,047,369 (27.59%)

$253,966,869 (80.42%)

$140,762,994

-

Invested Capital Average

$167,581,925 (20.54%)

$139,025,430 (11.05%)

$125,193,454

-

Shares

19,093,853 (-0.56%)

19,201,009 (102.95%)

9,461,009 (0.00%)

9,461,009