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Toro Corp.
(NASDAQ:TORO)
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Rating:54Neutral
Price Target:
$5.50
▼(-10.71% Downside)
Action:Reiterated
Date:10/10/26
The score is driven primarily by mixed financial performance: a very strong, debt-free balance sheet supports solvency, but earnings quality is pressured by inconsistent operating results and persistently negative free cash flow. Technicals add a modest headwind with the stock trading below key short-term moving averages and negative MACD. Valuation further limits the score due to a high P/E and no dividend yield provided.
Positive Factors
Debt-free balance sheet
Zero debt and a predominantly equity-funded balance sheet provide Toro with meaningful financial flexibility. Growing assets and equity strengthen its capacity to fund vessel activity, absorb shipping-market volatility, and pursue opportunities without depending heavily on lenders or refinancing markets.
Negative Factors
Persistently negative free cash flow
Deeply negative free cash flow means operating inflows are not covering investment or working-capital outflows. Over the next several quarters, this can constrain fleet investment, increase reliance on existing liquidity, and weaken the cash-generation quality of reported profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero debt and a predominantly equity-funded balance sheet provide Toro with meaningful financial flexibility. Growing assets and equity strengthen its capacity to fund vessel activity, absorb shipping-market volatility, and pursue opportunities without depending heavily on lenders or refinancing markets.
Read all positive factors
Toro Corp. (TORO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$152.41M
Dividend Yield44.09%
Average Volume (3M)37.30K
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue Growth30.21%
EPS Growth-749.38%
CountryUS
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)-0.01
Shares Outstanding34,559,330
10 Day Avg. Volume50,014
30 Day Avg. Volume37,300
Financial Highlights & Ratios
PEG Ratio-0.69
Price to Book (P/B)0.33
Price to Sales (P/S)4.48
P/FCF Ratio-1.29
Enterprise Value/Market Cap1.47
Enterprise Value/Revenue8.76
Enterprise Value/Gross Profit36.91
Enterprise Value/Ebitda14.25
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 revenues from the operation of its vessels. Its core revenue stream is generated when its ships are contracted to customers under charter arrangements (e.g., time charters where the vessel is hir...
Toro Corp. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
35
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.53M | 21.08M | 22.39M | 22.30M | 15.64M | 29.26M |
| Gross Profit | 6.06M | 3.95M | 4.67M | 5.33M | 9.02M | 154.91K |
| EBITDA | 15.69M | 10.62M | 10.64M | 14.62M | 8.34M | 2.99M |
| Net Income | 4.10M | 5.93M | 25.21M | 140.64M | 49.93M | -1.43M |
Balance Sheet | ||||||
| Total Assets | 367.86M | 331.35M | 326.41M | 308.10M | 157.48M | 124.05M |
| Cash, Cash Equivalents and Short-Term Investments | 90.45M | 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 | 4.79M | 41.94M | 4.70M | 11.76M | 16.98M | 20.02M |
| Stockholders Equity | 363.07M | 289.41M | 321.71M | 296.34M | 140.50M | 104.03M |
Cash Flow | ||||||
| Free Cash Flow | -70.41M | -73.02M | 14.44M | -16.11M | 40.69M | -115.70M |
| Operating Cash Flow | 7.62M | -6.25M | 14.56M | 56.13M | 41.54M | -4.42M |
| Investing Cash Flow | -38.84M | 67.79M | -122.57M | 50.71M | 11.79M | -111.29M |
| Financing Cash Flow | -15.89M | -11.31M | -10.39M | 6.27M | -16.51M | 121.37M |
Toro Corp. Technical Analysis
Positive
6.16
Price Trends
4.40
Positive
4.11
Positive
3.49
Positive
Market Momentum
-0.12
Negative
54.29
Neutral
-56.85
Positive
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 6.16 is above the 20-day moving average (MA) of 4.26, above the 50-day MA of 4.40, and above the 200-day MA of 3.49, indicating a bullish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 54.29 is Neutral, neither overbought nor oversold. The STOCH value of -56.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TORO.
Toro Corp. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $79.76M | 9.62 | 8.79% | ― | -5.01% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $72.30M | 10.59 | 3.80% | 14.68% | 47.79% | ― | |
62 Neutral | $108.25M | 31.97 | 23.81% | ― | 92.93% | -1922.39% | |
61 Neutral | $168.33M | 17.52 | 9.92% | ― | 25.27% | ― | |
54 Neutral | $152.41M | -317.27 | 1.26% | 44.09% | 30.21% | -749.38% | |
46 Neutral | $82.54M | -0.45 | -46.46% | 15.15% | ― | ― |
* Energy Sector Average
TORO
Toro Corp.
4.41
2.45
124.54%
GLBS
Globus Maritime
3.35
2.21
193.86%
PXS
Pyxis Tankers
7.79
4.90
169.55%
EDRY
EuroDry
58.72
46.14
366.77%
SVRN
OceanPal Inc
44.00
5.60
14.59%
HMR
Heidmar Maritime Holdings Corp.
1.84
0.59
46.80%
Toro Corp. Corporate Events
Toro Corp. Files Mid‑Year 2026 Financials on Form 6‑K
Oct 9, 2026
Toro Corp., a Cyprus-based maritime investment and shipping company, derives income from vessel operations and a diversified portfolio of equity and debt securities, as well as stakes in related parties. As a foreign private issuer reporting under...
Toro Corp. Posts Higher Revenues but Lower Profits and Spins Off LPG Unit in First Half 2026
Oct 9, 2026
Toro Corp. reported financial results on October 9, 2026 for the second quarter and first half of 2026, reflecting a mixed performance in its energy transportation business. The global tanker and LPG operator grew total vessel revenues sharply yea...
Toro Corp. and Castor Maritime Delay Preferred Share Conversion Timelines
Oct 9, 2026
On October 8, 2026, Toro Corp. and Castor Maritime Inc. amended the terms of their cross-held cumulative perpetual convertible preferred shares, pushing back the earliest conversion dates by one year to January 1, 2028 for Castor’s Series D ...
Toro Corp. Sets Record Date for AI OKTO LPG Spin-Off
Sep 22, 2026
Toro Corp. has announced key dates for the proposed spin-off of its LPG carrier business into wholly owned subsidiary AI OKTO CORP. The company set October 1, 2026 as the record date and expects to distribute AI OKTO common shares around October 8...
Toro Corp. Expands MR Tanker Fleet with Two Cash-Funded Acquisitions
Sep 18, 2026
Toro Corp., a global energy transportation company based in Limassol and incorporated in the Marshall Islands, runs a modern fleet of MR tankers and LPG carriers focused on moving refined petroleum products and petrochemical gases worldwide. The c...
Toro Corp. Confirms Board Mandate and 2026 Auditor at Annual Meeting
Sep 15, 2026
Toro Corp. held its 2026 Annual General Meeting of Shareholders in Limassol, Cyprus, on September 11, 2026, confirming key decisions on governance and oversight. Shareholders approved the re-election of Chairman and CEO Petros Panagiotidis as Clas...
Toro Corp. Plans AI-Focused Spin-Off of LPG Carrier Business
Sep 9, 2026
Toro Corp., a Marshall Islands-incorporated energy transportation company based in Limassol, Cyprus, operates two LPG carriers and two MR tankers moving petrochemical gases and refined petroleum products worldwide. Its shares are listed on the Nas...
Toro Corp. Sets September 11 Date for 2026 Annual Shareholders Meeting
Jul 20, 2026
Toro Corp., the Cyprus‑based energy transportation services provider listed on Nasdaq, said on July 20, 2026 that its board has set September 11, 2026 as the date for its 2026 Annual General Meeting of Shareholders in Limassol. Shareholders ...
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.