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Toro Corp.
(NASDAQ:TORO)
Toro Corp. (TORO) vs. SPDR S&P 500 ETF (SPY)
Toro Corp. Business Overview & Revenue Model
Toro Corp. Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.11M | 22.39M | 78.47M | 15.64M | 29.26M |
| Gross Profit | 3.81M | 4.67M | 53.23M | 11.14M | 154.91K |
| EBITDA | 4.87M | 10.64M | 15.81M | 8.34M | 3.10M |
| Net Income | 5.49M | 25.21M | 140.64M | 49.93M | -1.43M |
Balance Sheet | |||||
| Total Assets | 388.13M | 326.41M | 308.10M | 157.48M | 124.05M |
| Cash, Cash Equivalents and Short-Term Investments | 29.50M | 37.42M | 155.24M | 41.78M | 4.96M |
| Total Debt | 0.00 | 0.00 | 5.21M | 13.07M | 16.00M |
| Total Liabilities | 6.80M | 4.70M | 11.76M | 16.98M | 20.02M |
| Stockholders Equity | 381.33M | 321.71M | 296.34M | 140.50M | 104.03M |
Cash Flow | |||||
| Free Cash Flow | -92.01M | 14.44M | -16.11M | 40.69M | -115.70M |
| Operating Cash Flow | -14.13M | 14.56M | 56.13M | 41.54M | -4.42M |
| Investing Cash Flow | -144.45M | -122.57M | 50.71M | 11.79M | -111.29M |
| Financing Cash Flow | -13.52M | -10.39M | 6.27M | -16.51M | 121.37M |
Toro Corp. Technical Analysis
Toro Corp. Risk Analysis
Toro Corp. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | $103.29M | 716.00 | 1.57% | ― | -30.68% | -98.19% | |
55 Neutral | $57.55M | -12.87 | -11.12% | ― | -20.95% | -77.49% | |
52 Neutral | $40.79M | -16.76 | 0.28% | ― | -23.25% | -107.24% | |
51 Neutral | $40.14M | -8.68 | -2.63% | ― | 18.49% | -264.74% | |
50 Neutral | $54.12M | -1.66 | ― | ― | ― | ― | |
46 Neutral | $12.17M | >-0.01 | ― | ― | ― | ― |
Toro Corp. Corporate Events
On January 16, 2026, Toro Corp. reported the results of shareholder elections tied to a previously declared special dividend of $1.75 per common share, which could be received in cash or in the company’s common stock. The dividend, announced on December 5, 2025 and paid on January 16, 2026 to shareholders of record as of December 16, 2025, was ultimately distributed as approximately $9.3 million in cash and 7,378,575 Toro common shares, with the share portion calculated using a 20-day volume-weighted average price of $3.8386 per share through December 4, 2025. The special dividend and its mixed cash-and-stock structure underscore Toro’s efforts to return capital to shareholders while also potentially broadening its equity base and maintaining financial flexibility within the energy shipping sector.
The most recent analyst rating on (TORO) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Toro Corp. stock, see the TORO Stock Forecast page.
On December 23, 2025, Toro Corp. and Castor Maritime Inc. agreed to amend the terms of their cross-held convertible preferred shares, extending the initial conversion dates on Castor’s 5.00% Series D Cumulative Perpetual Convertible Preferred Shares held by a Toro subsidiary to January 1, 2027, and on Toro’s 1.00% Series A Fixed Rate Cumulative Perpetual Convertible Preferred Shares held by a Castor subsidiary to March 7, 2027. The amendments, approved by both boards following recommendations from special committees of disinterested and independent directors, effectively push out the potential equity conversion timetable in this related-party capital structure, preserving the existing balance of ownership and control between the two affiliated companies while deferring any dilutive impact for current common shareholders.
On December 17, 2025, Toro Corp. notified its shareholders of a $1.75 per share special dividend, declared earlier on December 5, 2025 and set to be distributed on January 16, 2026. This dividend allows shareholders to choose to receive it in either cash or common shares, with specific election guidelines outlined for registered and beneficial holders. Due to the significant size of the dividend relative to the company’s stock price, Nasdaq has implemented a due bills period from December 16, 2025, to January 16, 2026, ensuring that all eligible shareholders retain dividend rights during this period. This move underscores Toro Corp.’s commitment to shareholder returns, which may enhance its positioning and attractiveness in the marketplace.
Toro Corp. reported its financial results for the three and nine months ended September 30, 2025, showing a net income of $1.3 million and $4.3 million, respectively. The company experienced a 30% increase in net income for the third quarter compared to the previous year, despite a slight decrease in total vessel revenues for the nine-month period. Notable events included the acquisition and disposal of vessels, as well as a significant investment in Castor Maritime Inc., which was later redeemed. These activities underscore Toro’s strategic fleet management and financial stability, although the decrease in cash reserves indicates tighter liquidity.
On December 5, 2025, Toro Corp. announced a special dividend of $1.75 per common share, payable in cash or company shares, to shareholders of record on December 16, 2025, with payment expected on January 16, 2026. This dividend, representing more than 25% of the trading price of the company’s shares, will result in the shares trading with ‘due bills’ as advised by Nasdaq, impacting trading and dividend entitlements during the specified period.
On November 13, 2025, Toro Corp. announced an ‘at-the-market’ offering agreement with Maxim Group LLC, allowing the company to sell common shares worth up to $12.5 million. The proceeds from this offering will be used for capital expenditures, working capital, vessel acquisitions, and other corporate purposes. This strategic move is expected to enhance Toro Corp.’s operational capabilities and market positioning by providing financial flexibility for growth and expansion.