TMTNF (Toromont Industries) Tax Provision: $-142 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TMTNF Toromont Industries Ltd TMTNF
89 GF Score
Price $160.59
GF Value $98.33
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Toromont Industries Tax Provision?

Toromont Industries TMTNF 89 Tax Provision is $-142 Mil as of Mar. 2026. GuruFocus rates TMTNF with a GF Score™ of 89/100 and a GF Value™ of $98.33 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Toromont Industries's tax provision for the three months ended in Mar. 2026 was $-28 Mil. Its tax provision for the trailing twelve months (TTM) ended in Mar. 2026 was $-142 Mil.

Toromont Industries Tax Provision Historical Data

* Premium members only.

The historical data trend for Toromont Industries's Tax Provision 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.

Toromont Industries Tax Provision Chart

Toromont Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only -96.95 -120.27 -143.86 -132.41 -134.00

Toromont Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Provision Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -19.35 -33.90 -35.76 -44.42 -28.39
TMTNF
89GF Score
Toromont Industries Ltd TMTNF
Tax Provision is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toromont Industries Tax Provision Calculation

Tax to be paid.

Tax Provision for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-142 Mil.

* 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.

Frequently Asked Questions Learn more about Tax Provision →
What does a Tax Provision of $-142 Mil mean?
Toromont Industries (TMTNF) has a Tax Provision of $-142 Mil as of Mar. 2026. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Toromont Industries and its competitors.
Is Toromont Industries' Tax Provision too high?
Toromont Industries' current Tax Provision is $-142 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' Tax Provision compare to GWW and FAST?
Toromont Industries' Tax Provision of $-142 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 Tax Provision for an Industrial Distribution company?
A good Tax Provision depends on the Industrial Distribution industry context. However, Tax Provision 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 Tax Provision mean?
A high Tax Provision can signal that a stock is expensive relative to its fundamentals. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Toromont Industries and its competitors. Toromont Industries's current Tax Provision is $-142 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 $98.33, compared to a current price of $160.59 — trading 63.3% above its estimated fair value. The current Tax Provision is $-142 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 Tax Provision calculated?
Tax Provision is calculated from a company's financial statements. For Toromont Industries (TMTNF), the current Tax Provision is $-142 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 $160.59 is trading 63.3% above its estimated GF Value™ of $98.33. GuruFocus considers Toromont Industries to be Significantly Overvalued.

Key valuation signals for TMTNF:

  • Tax Provision: $-142 Mil
  • GF Value™: $98.33 vs. price of $160.59 (63.3% above fair value)
  • GF Score™: 89/100 with 6 warning signs

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 Business Description

Address 3131 Highway 7 West, P.O. Box 5511, Executive Offices, Concord, ON, CAN, L4K 1B7
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

Tax Provision is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$160.59
Price
$98.33
GF Value