Toromont Industries' TSR for the year was broadly in line with the market average, at 20%. It has to be noted that the recent return falls short of the 22% shareholders have gained each year, over half a decade. Although the share price growth has slowed, the longer term story points to a business well worth watching. It's always interesting to track share price performance over the longer term. But to understand Toromont Industries better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Toromont Industries, and understanding them should be part of your investment process.