Toromont Industries Ltd
Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the supply and rent business; providing product support services for specialized mobile equipment, industrial engines, material handling lift trucks, and heavy equipment rentals; designing … Read more
Toromont Industries Ltd (TMTNF) - Net Assets
Latest net assets as of December 2025: $3.29 Billion USD
Based on the latest financial reports, Toromont Industries Ltd (TMTNF) has net assets worth $3.29 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.47 Billion) and total liabilities ($2.18 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.29 Billion |
| % of Total Assets | 60.15% |
| Annual Growth Rate | 14.06% |
| 5-Year Change | 68.46% |
| 10-Year Change | 271.63% |
| Growth Volatility | 18.31 |
Toromont Industries Ltd - Net Assets Trend (1993–2025)
This chart illustrates how Toromont Industries Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Toromont Industries Ltd (1993–2025)
The table below shows the annual net assets of Toromont Industries Ltd from 1993 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.29 Billion | +11.34% |
| 2024-12-31 | $2.96 Billion | +10.12% |
| 2023-12-31 | $2.68 Billion | +15.42% |
| 2022-12-31 | $2.33 Billion | +19.05% |
| 2021-12-31 | $1.95 Billion | +14.99% |
| 2020-12-31 | $1.70 Billion | +10.74% |
| 2019-12-31 | $1.53 Billion | +15.53% |
| 2018-12-31 | $1.33 Billion | +18.04% |
| 2017-12-31 | $1.12 Billion | +27.03% |
| 2016-12-31 | $885.43 Million | +14.21% |
| 2015-12-31 | $775.28 Million | +16.05% |
| 2014-12-31 | $668.08 Million | +15.87% |
| 2013-12-31 | $576.56 Million | +20.98% |
| 2012-12-31 | $476.57 Million | +18.00% |
| 2011-12-31 | $403.86 Million | -66.53% |
| 2010-12-31 | $1.21 Billion | +41.28% |
| 2009-12-31 | $854.06 Million | +9.62% |
| 2008-12-31 | $779.10 Million | +19.00% |
| 2007-12-31 | $654.73 Million | +15.77% |
| 2006-12-31 | $565.56 Million | +17.38% |
| 2005-12-31 | $481.81 Million | +15.86% |
| 2004-12-31 | $415.86 Million | +10.35% |
| 2003-12-31 | $376.84 Million | +12.38% |
| 2002-12-31 | $335.32 Million | +6.70% |
| 2001-12-31 | $314.25 Million | +44.01% |
| 2000-12-31 | $218.21 Million | +7.44% |
| 1999-12-31 | $203.10 Million | +10.62% |
| 1998-12-31 | $183.60 Million | +17.84% |
| 1997-12-31 | $155.80 Million | +55.33% |
| 1996-12-31 | $100.30 Million | +25.85% |
| 1995-12-31 | $79.70 Million | +23.57% |
| 1994-12-31 | $64.50 Million | +31.90% |
| 1993-12-31 | $48.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Toromont Industries Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 10418.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.61 Billion | 79.28% |
| Common Stock | $639.52 Million | 19.44% |
| Other Comprehensive Income | $1.99 Million | 0.06% |
| Other Components | $40.33 Million | 1.23% |
| Total Equity | $3.29 Billion | 100.00% |
Toromont Industries Ltd Competitors by Market Cap
The table below lists competitors of Toromont Industries Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
South Bow Corporation
NYSE:SOBO
|
$6.51 Billion |
|
CTS Eventim AG & Co. KGaA
PINK:CEVMF
|
$6.51 Billion |
|
Akbank TAS
IS:AKBNK
|
$6.52 Billion |
|
Valley National Bancorp
NASDAQ:VLY
|
$6.52 Billion |
|
Osisko Gold Ro
NYSE:OR
|
$6.50 Billion |
|
Indus Towers Limited
NSE:INDUSTOWER
|
$6.50 Billion |
|
Applied Digital Corporation
NASDAQ:APLD
|
$6.50 Billion |
|
Yaskawa Electric Corp
PINK:YASKY
|
$6.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Toromont Industries Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,955,393,000 to 3,290,495,000, a change of 335,102,000 (11.3%).
- Net income of 496,586,000 contributed positively to equity growth.
- Dividend payments of 165,880,000 reduced retained earnings.
- Share repurchases of 40,058,000 reduced equity.
- Other comprehensive income decreased equity by 11,347,000.
- Other factors increased equity by 55,801,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $496.59 Million | +15.09% |
| Dividends Paid | $165.88 Million | -5.04% |
| Share Repurchases | $40.06 Million | -1.22% |
| Other Comprehensive Income | $-11.35 Million | -0.34% |
| Other Changes | $55.80 Million | +1.7% |
| Total Change | $- | 11.34% |
Book Value vs Market Value Analysis
This analysis compares Toromont Industries Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.98x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 85.12x to 1.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $0.94 | $80.05 | x |
| 1994-12-31 | $1.12 | $80.05 | x |
| 1995-12-31 | $1.33 | $80.05 | x |
| 1996-12-31 | $1.65 | $80.05 | x |
| 1997-12-31 | $2.51 | $80.05 | x |
| 1998-12-31 | $2.98 | $80.05 | x |
| 1999-12-31 | $3.32 | $80.05 | x |
| 2000-12-31 | $3.77 | $80.05 | x |
| 2001-12-31 | $5.07 | $80.05 | x |
| 2002-12-31 | $5.19 | $80.05 | x |
| 2003-12-31 | $5.84 | $80.05 | x |
| 2004-12-31 | $6.43 | $80.05 | x |
| 2005-12-31 | $7.48 | $80.05 | x |
| 2006-12-31 | $8.74 | $80.05 | x |
| 2007-12-31 | $10.06 | $80.05 | x |
| 2008-12-31 | $11.91 | $80.05 | x |
| 2009-12-31 | $13.17 | $80.05 | x |
| 2010-12-31 | $15.79 | $80.05 | x |
| 2011-12-31 | $5.22 | $80.05 | x |
| 2012-12-31 | $6.18 | $80.05 | x |
| 2013-12-31 | $7.47 | $80.05 | x |
| 2014-12-31 | $8.60 | $80.05 | x |
| 2015-12-31 | $9.90 | $80.05 | x |
| 2016-12-31 | $11.25 | $80.05 | x |
| 2017-12-31 | $14.08 | $80.05 | x |
| 2018-12-31 | $16.20 | $80.05 | x |
| 2019-12-31 | $18.69 | $80.05 | x |
| 2020-12-31 | $20.56 | $80.05 | x |
| 2021-12-31 | $23.46 | $80.05 | x |
| 2022-12-31 | $28.02 | $80.05 | x |
| 2023-12-31 | $32.38 | $80.05 | x |
| 2024-12-31 | $35.78 | $80.05 | x |
| 2025-12-31 | $40.49 | $80.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Toromont Industries Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.54%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.66x
- Recent ROE (15.09%) is below the historical average (19.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 15.95% | 2.79% | 1.90x | 3.00x | $2.91 Million |
| 1994 | 26.82% | 4.15% | 1.97x | 3.28x | $10.85 Million |
| 1995 | 24.47% | 3.93% | 1.92x | 3.25x | $11.53 Million |
| 1996 | 21.83% | 4.04% | 1.70x | 3.17x | $11.87 Million |
| 1997 | 39.02% | 8.88% | 1.58x | 2.79x | $45.22 Million |
| 1998 | 20.81% | 5.59% | 1.54x | 2.41x | $19.84 Million |
| 1999 | 15.81% | 4.43% | 1.37x | 2.60x | $11.79 Million |
| 2000 | 14.82% | 4.04% | 1.30x | 2.81x | $10.52 Million |
| 2001 | 13.91% | 4.80% | 1.26x | 2.29x | $12.28 Million |
| 2002 | 12.34% | 3.84% | 1.40x | 2.30x | $7.84 Million |
| 2003 | 15.58% | 4.52% | 1.52x | 2.27x | $21.01 Million |
| 2004 | 16.96% | 4.74% | 1.57x | 2.27x | $28.93 Million |
| 2005 | 16.39% | 4.94% | 1.40x | 2.37x | $30.78 Million |
| 2006 | 17.58% | 5.63% | 1.36x | 2.30x | $42.87 Million |
| 2007 | 18.68% | 6.43% | 1.40x | 2.07x | $56.81 Million |
| 2008 | 18.04% | 6.62% | 1.38x | 1.97x | $62.61 Million |
| 2009 | 14.11% | 6.61% | 1.34x | 1.60x | $35.11 Million |
| 2010 | 8.58% | 4.44% | 1.03x | 1.88x | $-17.12 Million |
| 2011 | 61.18% | 17.88% | 1.51x | 2.26x | $206.70 Million |
| 2012 | 25.07% | 7.93% | 1.61x | 1.96x | $71.82 Million |
| 2013 | 21.34% | 7.72% | 1.55x | 1.79x | $65.38 Million |
| 2014 | 19.94% | 8.02% | 1.50x | 1.66x | $66.39 Million |
| 2015 | 18.79% | 8.08% | 1.41x | 1.65x | $68.14 Million |
| 2016 | 17.59% | 8.34% | 1.32x | 1.59x | $67.20 Million |
| 2017 | 15.65% | 7.49% | 0.82x | 2.54x | $63.50 Million |
| 2018 | 18.98% | 7.19% | 1.08x | 2.44x | $119.22 Million |
| 2019 | 18.70% | 7.80% | 1.09x | 2.20x | $133.41 Million |
| 2020 | 15.01% | 7.33% | 1.04x | 1.97x | $85.05 Million |
| 2021 | 17.03% | 8.56% | 1.08x | 1.83x | $137.38 Million |
| 2022 | 19.53% | 10.74% | 1.01x | 1.80x | $221.66 Million |
| 2023 | 19.92% | 11.57% | 1.01x | 1.70x | $266.33 Million |
| 2024 | 17.14% | 10.09% | 1.03x | 1.65x | $210.98 Million |
| 2025 | 15.09% | 9.54% | 0.95x | 1.66x | $167.54 Million |
Industry Comparison
This section compares Toromont Industries Ltd's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $916,275,000
- Average return on equity (ROE) among peers: 8.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Toromont Industries Ltd (TMTNF) | $3.29 Billion | 15.95% | 0.66x | $6.51 Billion |
| Addtech AB (publ.) (ADDHY) | $3.08 Billion | 28.02% | 1.77x | $4.34 Billion |
| Andritz AG (ADRZF) | $1.33 Billion | 19.84% | 3.73x | $4.12 Billion |
| Applied Industrial Technologies (AIT) | $932.55 Million | 15.52% | 1.44x | $9.65 Billion |
| Beacon Roofing Supply Inc (BECN) | $26.57 Million | -1.42% | 8.92x | $7.71 Billion |
| BlueLinx Holdings Inc (BXC) | $141.49 Million | 18.31% | 7.04x | $335.15 Million |
| CD International Enterprises Inc (CDIIQ) | $64.33 Million | 0.00% | 0.25x | $7.73K |
| Core & Main Inc (CNM) | $801.00 Million | 4.62% | 3.90x | $9.10 Billion |
| Doman Building Materials Group Ltd (CWXZF) | $497.71 Million | 21.40% | 2.09x | $403.14 Million |
| Now Inc (DNOW) | $1.40 Billion | -35.78% | 0.31x | $1.15 Billion |
| Diploma PLC (DPMAY) | $894.70 Million | 14.45% | 0.98x | $10.23 Billion |