Toromont Industries Ltd.

TSX:TIH Stock Report

Market Cap: CA$11.8b

Toromont Industries Management

Management criteria checks 2/4

Toromont Industries' CEO is Mike McMillan, appointed in Oct 2023, has a tenure of 1.92 years. total yearly compensation is CA$2.79M, comprised of 25.1% salary and 74.9% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth CA$780.12K. The average tenure of the management team and the board of directors is 1.9 years and 5.5 years respectively.

Key information

Mike McMillan

Chief executive officer

CA$2.8m

Total compensation

CEO salary percentage25.06%
CEO tenure1.9yrs
CEO ownership0.007%
Management average tenure1.9yrs
Board average tenure5.5yrs

Recent management updates

Recent updates

Is Toromont Industries (TSE:TIH) Using Too Much Debt?

Aug 23
Is Toromont Industries (TSE:TIH) Using Too Much Debt?

A Look At The Fair Value Of Toromont Industries Ltd. (TSE:TIH)

Jul 08
A Look At The Fair Value Of Toromont Industries Ltd. (TSE:TIH)

Toromont Industries' (TSE:TIH) Returns Have Hit A Wall

Jun 23
Toromont Industries' (TSE:TIH) Returns Have Hit A Wall

Here's Why Toromont Industries (TSE:TIH) Can Manage Its Debt Responsibly

May 21
Here's Why Toromont Industries (TSE:TIH) Can Manage Its Debt Responsibly

Toromont Industries Ltd. (TSE:TIH) Shares Could Be 30% Below Their Intrinsic Value Estimate

Mar 17
Toromont Industries Ltd. (TSE:TIH) Shares Could Be 30% Below Their Intrinsic Value Estimate

Toromont Industries (TSE:TIH) Is Paying Out A Larger Dividend Than Last Year

Feb 18
Toromont Industries (TSE:TIH) Is Paying Out A Larger Dividend Than Last Year

Toromont Industries Ltd.'s (TSE:TIH) Business Is Trailing The Market But Its Shares Aren't

Jan 13
Toromont Industries Ltd.'s (TSE:TIH) Business Is Trailing The Market But Its Shares Aren't

Is Toromont Industries (TSE:TIH) Using Too Much Debt?

Dec 26
Is Toromont Industries (TSE:TIH) Using Too Much Debt?
User avatar

Tactical Expansion And Investments Fuel Growth In Dynamic Equipment Market

Acquisition of Tri-City Equipment Rentals and improved equipment availability aim to expand heavy rents and boost future revenue streams.

Returns On Capital At Toromont Industries (TSE:TIH) Have Stalled

Nov 22
Returns On Capital At Toromont Industries (TSE:TIH) Have Stalled

Estimating The Fair Value Of Toromont Industries Ltd. (TSE:TIH)

Oct 31
Estimating The Fair Value Of Toromont Industries Ltd. (TSE:TIH)

Toromont Industries Ltd.'s (TSE:TIH) Price Is Out Of Tune With Earnings

Oct 01
Toromont Industries Ltd.'s (TSE:TIH) Price Is Out Of Tune With Earnings

CEO Compensation Analysis

How has Mike McMillan's remuneration changed compared to Toromont Industries's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

CA$486m

Mar 31 2025n/an/a

CA$497m

Dec 31 2024CA$3mCA$700k

CA$507m

Sep 30 2024n/an/a

CA$504m

Jun 30 2024n/an/a

CA$519m

Mar 31 2024n/an/a

CA$517m

Dec 31 2023CA$2mCA$529k

CA$529m

Sep 30 2023n/an/a

CA$533m

Jun 30 2023n/an/a

CA$508m

Mar 31 2023n/an/a

CA$486m

Dec 31 2022CA$2mCA$463k

CA$450m

Sep 30 2022n/an/a

CA$397m

Jun 30 2022n/an/a

CA$371m

Mar 31 2022n/an/a

CA$345m

Dec 31 2021CA$2mCA$435k

CA$333m

Sep 30 2021n/an/a

CA$316m

Jun 30 2021n/an/a

CA$300m

Mar 31 2021n/an/a

CA$265m

Dec 31 2020CA$1mCA$329k

CA$255m

Compensation vs Market: Mike's total compensation ($USD2.02M) is below average for companies of similar size in the Canadian market ($USD4.37M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Mike McMillan

1.9yrs
Tenure
CA$2,793,074
Compensation

Mr. Michael Stanley Howie McMillan, also known as Mike, served as an Executive Vice President and Chief Financial Officer at Toromont Industries Ltd. since March 1, 2020 until October 15, 2023 and serves a...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Stanley McMillan
CEO, President & Director1.9yrsCA$2.79m0.0066%
CA$ 780.1k
John Doolittle
Executive VP & CFO1.9yrsCA$1.65m0.00030%
CA$ 35.4k
Michael Cuddy
Chief Strategy Officerless than a yearCA$1.43m0.045%
CA$ 5.4m
Miles Sean Gregg
President of Construction Industries Toromont CATno dataCA$1.28m0.029%
CA$ 3.5m
Joel Couture
Chief Operating Officer - Toromont Catno dataCA$1.41m0.0082%
CA$ 967.5k
Rick Neuman
Chief Digitalless than a yearno datano data
Habeeb Syed
Chief Legal Officerless than a yearno datano data
Stephanie Hardman
Chief People & Culture Officerno datano datano data
William Harvey
President of Toromont Cat Mining Division4.7yrsCA$1.10m0.0045%
CA$ 535.0k
David Malinauskas
President of CIMCO Refrigeration10.7yrsCA$862.45k0.0020%
CA$ 231.0k
Colin Goheen
President of Battlefield Equipment Rentals6.7yrsno data0.0089%
CA$ 1.0m
1.9yrs
Average Tenure

Experienced Management: TIH's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Michael Stanley McMillan
CEO, President & Director1.9yrsCA$2.79m0.0066%
CA$ 780.1k
Peter James Blake
Independent Director6.3yrsCA$216.02k0.0019%
CA$ 225.1k
Richard Roy
Independent Chair of the Board6.8yrsCA$400.00k0.0037%
CA$ 434.8k
Katherine Rethy
Independent Director12.2yrsCA$210.00k0.0012%
CA$ 142.6k
Ben Cherniavsky
Independent Director4.6yrsCA$213.00k0.0020%
CA$ 239.2k
Ave Lethbridge
Independent Director1.7yrsCA$31.96kno data
Frederick Mifflin
Independent Director3.4yrsCA$218.98k0.0033%
CA$ 391.2k
Paramita Das
Independent Director1.7yrsCA$31.96kno data
Cathryn Cranston
Independent Director12.2yrsCA$228.00k0.0070%
CA$ 826.1k
Sharon Hodgson
Independent Director6.3yrsCA$221.64kno data
5.5yrs
Average Tenure
64.5yo
Average Age

Experienced Board: TIH's board of directors are considered experienced (5.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/08 16:41
End of Day Share Price 2025/09/05 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Toromont Industries Ltd. is covered by 17 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David HeasmanAccountability Research Corporation
Devin DodgeBMO Capital Markets Equity Research
null nullBMO Capital Markets Equity Research