• Toro average pre-tax profit margin for 2023 was 11.08%, a 1.86% decline from 2022.
• Toro average pre-tax profit margin for 2022 was 11.29%, a 14.92% decline from 2021.
• Toro average pre-tax profit margin for 2021 was 13.27%, a 22.87% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.