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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Toromont Industries's retained earnings for the quarter that ended in Mar. 2026 was $1,938 Mil.
Toromont Industries's quarterly retained earnings
increased
from Sep. 2025 ($1,801 Mil) to Dec. 2025 ($1,891 Mil) and
increased
from Dec. 2025 ($1,891 Mil) to Mar. 2026 ($1,938 Mil).
Toromont Industries's annual retained earnings
increased
from Dec. 2023 ($1,550 Mil) to Dec. 2024 ($1,621 Mil) and
increased
from Dec. 2024 ($1,621 Mil) to Dec. 2025 ($1,891 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Toromont Industries Retained Earnings Historical Data
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The historical data trend for Toromont Industries's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Toromont Industries (TMTNF) has a Retained Earnings of $1,938 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Toromont Industries and its competitors.
Is Toromont Industries' Retained Earnings too high?
Toromont Industries' current Retained Earnings is $1,938 Mil. Overall, Toromont Industries has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toromont Industries' Retained Earnings compare to GWW and FAST?
Toromont Industries' Retained Earnings of $1,938 Mil can be compared against companies in the Industrial Distribution industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Industrial Distribution company?
A good Retained Earnings depends on the Industrial Distribution industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Toromont Industries and its competitors. Toromont Industries's current Retained Earnings is $1,938 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toromont Industries stock overvalued right now?
Based on GuruFocus' analysis, Toromont Industries (TMTNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $101.44, compared to a current price of $165.00 — trading 62.7% above its estimated fair value. The current Retained Earnings is $1,938 Mil. Toromont Industries' overall GF Score™ is 89/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Toromont Industries (TMTNF), the current Retained Earnings is $1,938 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Toromont Industries (TMTNF) Overvalued in 2026?
Based on GuruFocus' analysis, Toromont Industries stock appears to be overvalued.
The current stock price of $165.00 is trading 62.7% above its estimated GF Value™ of $101.44.
GuruFocus considers Toromont Industries to be Significantly Overvalued.
Key valuation signals for TMTNF:
Retained Earnings: $1,938 Mil
GF Value™: $101.44 vs. price of $165.00 (62.7% above fair value)
No single metric tells the full story. See the TMTNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group supplies and rents mobile and stationary machines used in road building, mining, aggregates, public infrastructure, residential construction, power generation, agriculture, forestry, truck engines, industrial, demolition, and waste management. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America and other regions.
89GF Score
Get the complete analysis for TMTNF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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