Toro Corp. (TORO)
NASDAQ:TORO
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Toro Corp.
(NASDAQ:TORO)
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Rating:62Neutral
Price Target:
$5.50
▲(34.15% Upside)
Action:Reiterated
Date:05/31/26
The score is primarily held back by weak operating performance and a sharp deterioration to negative operating/free cash flow, despite positive net income. A debt-free, equity-heavy balance sheet materially supports the rating, and valuation is helped by a moderate P/E and very high dividend yield, while technicals are mixed with limited near-term momentum.
Positive Factors
Balance Sheet Strength
Zero reported debt and an equity-heavy capital structure materially improve financial resilience for a capital-intensive shipping operator. This durability supports capital allocation, dividend capacity, and ability to withstand freight-cycle swings over the next several months without forced asset sales.
Negative Factors
Weak Cash Generation
Negative trailing operating and free cash flow indicate poor cash conversion from operating results, reducing capacity to fund dividends, reinvest in the fleet, or absorb shocks. Persistent negative cash flow increases dependence on external financing despite current liquidity.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Zero reported debt and an equity-heavy capital structure materially improve financial resilience for a capital-intensive shipping operator. This durability supports capital allocation, dividend capacity, and ability to withstand freight-cycle swings over the next several months without forced asset sales.
Read all positive factors
Toro Corp. (TORO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$148.88M
Dividend YieldN/A
Average Volume (3M)941.42K
Price to Earnings (P/E)19.4
Beta (1Y)0.80
Revenue Growth7.90%
EPS GrowthN/A
CountryUS
EmployeesN/A
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.09
Shares Outstanding28,852,083
10 Day Avg. Volume46,180
30 Day Avg. Volume941,416
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)0.33
Price to Sales (P/S)4.48
P/FCF Ratio-1.29
Enterprise Value/Market Cap0.11
Enterprise Value/Revenue0.76
Enterprise Value/Gross Profit3.19
Enterprise Value/Ebitda0.93
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Toro Corp. Business Overview & Revenue Model
Company Description
Toro Corp. is a maritime shipping company specializing in acquiring, owning, operating, and chartering oil tanker vessels. These vessels transport crude oil and refined petroleum products across the globe. Its operations are structured around two ...
How the Company Makes Money
Toro Corp. primarily makes money by earning charter revenue from leasing its ships to customers who need ocean freight capacity. Revenue is generated through charter contracts (e.g., time charters and/or spot/voyage charters) where customers pay f...
Toro Corp. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
82
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.51M | 21.08M | 22.39M | 22.30M | 15.64M | 29.26M |
| Gross Profit | 5.14M | 3.95M | 4.67M | 5.33M | 9.02M | 154.91K |
| EBITDA | 17.71M | 10.62M | 10.64M | 14.62M | 8.34M | 2.99M |
| Net Income | 4.88M | 5.93M | 25.21M | 140.64M | 49.93M | -1.43M |
Balance Sheet | ||||||
| Total Assets | 323.62M | 331.35M | 326.41M | 308.10M | 157.48M | 124.05M |
| Cash, Cash Equivalents and Short-Term Investments | 81.64M | 87.63M | 37.42M | 155.24M | 41.78M | 4.96M |
| Total Debt | 0.00 | 0.00 | 0.00 | 5.21M | 13.07M | 16.00M |
| Total Liabilities | 4.05M | 41.94M | 4.70M | 11.76M | 16.98M | 20.02M |
| Stockholders Equity | 319.57M | 289.41M | 321.71M | 296.34M | 140.50M | 104.03M |
Cash Flow | ||||||
| Free Cash Flow | -87.80M | -73.02M | 14.44M | -16.11M | 40.69M | -115.70M |
| Operating Cash Flow | -9.79M | -6.25M | 14.56M | 56.13M | 41.54M | -4.42M |
| Investing Cash Flow | 16.17M | 67.79M | -122.57M | 50.71M | 11.79M | -111.29M |
| Financing Cash Flow | -22.49M | -11.31M | -10.39M | 6.27M | -16.51M | 121.37M |
Toro Corp. Technical Analysis
Positive
4.10
Price Trends
4.98
Positive
4.12
Positive
3.31
Positive
Market Momentum
>-0.01
Positive
50.79
Neutral
57.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TORO, the sentiment is Positive. The current price of 4.1 is below the 20-day moving average (MA) of 5.18, below the 50-day MA of 4.98, and above the 200-day MA of 3.31, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.79 is Neutral, neither overbought nor oversold. The STOCH value of 57.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TORO.
Toro Corp. Risk Analysis
Toro Corp. disclosed 58 risk factors in its most recent earnings report. Toro Corp. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Toro Corp. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $47.27M | 12.75 | 3.87% | ― | -20.22% | -47.01% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $148.88M | 19.44 | 1.49% | ― | 7.90% | ― | |
59 Neutral | $62.81M | -229.96 | -0.33% | ― | -0.04% | 96.94% | |
57 Neutral | $50.72M | 71.77 | -1.00% | ― | 33.71% | ― | |
53 Neutral | $77.08M | -5.59 | -95.96% | ― | 92.93% | -1922.39% | |
46 Neutral | $18.57M | -0.15 | -24.03% | ― | ― | ― |
* Industrials Sector Average
TORO
Toro Corp.
5.20
3.88
292.45%
GLBS
Globus Maritime
2.74
1.46
114.06%
PXS
Pyxis Tankers
4.50
1.55
52.54%
EDRY
EuroDry
25.06
16.12
180.31%
SVRN
OceanPal Inc
10.57
-1,149.43
-99.09%
HMR
Heidmar Maritime Holdings Corp.
1.20
-0.34
-22.08%
Toro Corp. Corporate Events
Toro Corp. Q1 2026 Profit Slips Despite Higher Revenues as New Credit Line Boosts Liquidity
May 28, 2026
Toro Corp. reported first‑quarter 2026 results on May 28, 2026, posting net income of $0.5 million as vessel revenues from continuing operations rose 9.1% year on year to $6.0 million amid higher hire rates and a stronger average daily TCE o...
Toro Corp. Launches Special Dividend Election Ahead of June 2026 Payout
May 5, 2026
On May 5, 2026, Toro Corp. began distributing notices to shareholders of record as of May 4, 2026, detailing their options for a previously declared special dividend of $0.90 per common share, expected to be paid on June 5, 2026. Shareholders can ...
Toro Corp. Declares $0.90 Special Dividend Payable in Cash or Shares
Apr 22, 2026
On April 22, 2026, Toro Corp. announced that its board of directors declared a one-time special dividend of $0.90 per common share, payable in either cash or company stock to shareholders of record as of May 4, 2026. The dividend, expected to be d...
Toro Corp. Posts 2025 Profit, Boosts Cash Reserves and Pays Special Dividend
Apr 15, 2026
Toro Corp. reported that for the fourth quarter ended December 31, 2025, vessel revenues from continuing operations rose 17.3% year-on-year to $6.1 million, with net income climbing to $1.6 million and EBITDA from continuing operations reaching $2...
Toro Corp. Secures $60 Million Revolving Credit Facility to Boost Liquidity
Apr 2, 2026
On April 2, 2026, Cyprus-based Toro Corp., a Nasdaq-listed energy transportation services company, announced it has secured a $60 million revolving credit facility from a leading European financial institution. The five-year facility, bearing inte...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.