Latest Ratios: P/E Ratio 60.4x · EV/EBITDA 37.3x · ROE 1.9%. (2021–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $98M | $94M | $49M | $91M | — | — |
| Enterprise Value | $11M | $7M | $12M | $-59148300 | — | — |
| P/E Ratio → | 60.36 | 63.61 | 2.58 | 0.65 | — | — |
| P/S Ratio | 4.65 | 4.48 | 2.18 | 4.07 | — | — |
| P/B Ratio | 0.31 | 0.33 | 0.15 | 0.31 | — | — |
| P/FCF | — | — | 3.39 | — | — | — |
| P/OCF | — | — | 3.36 | 1.62 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.33 | 0.52 | -2.65 | — | — |
| EV / EBITDA | 37.28 | 24.65 | — | -17.72 | — | — |
| EV / EBIT | — | 1.24 | 2.04 | -5.25 | — | — |
| EV / FCF | — | — | 0.81 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 18.8% | 18.8% | 20.8% | 23.9% | 57.7% | 0.5% |
| Operating Margin | -22.1% | -22.1% | -24.8% | -0.1% | 44.3% | -2.5% |
| Net Profit Margin | 28.1% | 28.1% | 112.6% | 630.5% | 319.3% | -4.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | 1.9% | 1.9% | 8.2% | 64.4% | 40.8% | -1.4% |
| ROA | 1.8% | 1.8% | 7.9% | 60.4% | 35.5% | -1.2% |
| ROIC | -1.4% | -1.4% | -1.9% | -0.0% | 4.6% | -0.5% |
| ROCE | -1.5% | -1.5% | -1.8% | -0.0% | 5.2% | -0.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 0.02 | 0.09 | 0.15 |
| Debt / EBITDA | — | — | — | 1.56 | 1.57 | 5.16 |
| Net Debt / Equity | — | -0.30 | -0.12 | -0.51 | -0.20 | 0.11 |
| Net Debt / EBITDA | -306.87 | -306.87 | — | -44.94 | -3.44 | 3.56 |
| Debt / FCF | — | — | -2.57 | — | -0.71 | — |
| Interest Coverage | 83.40 | 83.40 | 24.91 | 353.92 | 7.31 | -1.41 |
Net cash position: cash ($87M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 2.30 | 2.30 | 11.77 | 21.01 | 8.40 | 1.82 |
| Quick Ratio | 2.29 | 2.29 | 11.73 | 20.99 | 8.26 | 1.37 |
| Cash Ratio | 2.09 | 2.09 | 7.97 | 19.75 | 6.41 | 0.71 |
| Asset Turnover | — | 0.06 | 0.07 | 0.07 | 0.10 | 0.24 |
| Inventory Turnover | 85.48 | 85.48 | 90.92 | 98.27 | 7.40 | 9.28 |
| Days Sales Outstanding | — | 130.04 | 275.01 | 22.97 | 247.80 | 51.16 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | 1.6% | 1.5% | 2.9% | 0.9% | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | 1.7% | 1.6% | 38.8% | 153.7% | — | — |
| FCF Yield | — | — | 29.5% | — | — | — |
| Buyback Yield | 0.4% | 0.4% | 7.6% | 1.2% | — | — |
| Total Shareholder Yield | 1.9% | 1.8% | 10.5% | 2.1% | — | — |
| Shares Outstanding | — | $18M | $17M | $18M | $9M | $9M |
Operational cash flow insolvency
According to recent financial data, Toro Corp. trades at a P/S ratio of 4.49 and a P/B of 0.30, which, as reported in market filings, suggests that investors are pricing the entity as a liquidating vehicle rather than a traditional, earnings-generating shipping operator.
The low P/B ratio indicates that the market assigns little value to the company's fleet beyond its immediate liquidation potential, likely due to the persistent operating losses. Investors should monitor whether the significant cash position acts as a floor for the stock price or if it remains trapped in a structure that fails to generate shareholder value.
Based on reported figures, Toro's ROIC has remained consistently negative, including a -0.5% reading in 2026Q1, which indicates that the company is failing to generate returns on invested capital that exceed its cost of capital, a trend that warrants further investigation by long-term investors.
The inability to maintain positive ROIC suggests that the company's asset-recycling strategy has not yet translated into sustainable operational efficiency. This decay in returns highlights the difficulty of maintaining a competitive edge in the tanker market without a stable, high-utilization fleet.
As reported in financial statements, Toro's asset turnover remains extremely low at 0.02, which, compared to industry peers, suggests that the company's current fleet is not being utilized effectively to generate revenue relative to its total asset base, indicating significant operational underperformance.
The high DSO figures, which reached 288 in 2025Q1, imply that the company faces substantial delays in collecting payments, further straining its liquidity. This inefficiency in the cash conversion cycle suggests that the company's operational processes are not optimized for the volatile spot-market environment in which it operates.
Based on the most recent quarterly filings, Toro maintains a current ratio of 22.23, a figure that appears exceptionally high for the shipping sector and suggests that the company's liquidity is driven by idle cash rather than a robust, self-sustaining operational business model.
While this liquidity position provides a buffer against immediate insolvency, it also indicates that a large portion of the company's capital is not being deployed into productive assets. Investors should monitor whether this cash pile is intended for future fleet expansion or if it will continue to sit idle, dragging down overall return metrics.
As indicated by the company's financial reports, the P/E ratio is a fundamentally misapplied metric for Toro Corp., as the company's earnings are heavily distorted by non-operating income and vessel sales, rendering traditional valuation multiples largely irrelevant for assessing the core shipping business's true health.
Analysts should instead focus on Net Asset Value (NAV) and cash-per-share metrics to understand the company's underlying value. Relying on P/E ratios in this context may lead to a false sense of profitability, as the headline earnings do not reflect the recurring cash-generating capacity of the fleet.
Includes 30+ ratios · 5 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TORO stock.
Toro Corp.'s current P/E ratio is 60.4x. The historical average is 22.3x. This places it at the 67th percentile of its historical range.
Toro Corp.'s current EV/EBITDA is 37.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.6x.
Toro Corp.'s return on equity (ROE) is 1.9%. The historical average is 22.8%.
Based on historical data, Toro Corp. is trading at a P/E of 60.4x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Toro Corp.'s current dividend yield is 1.56%.
Toro Corp. has 18.8% gross margin and -22.1% operating margin.