What is Toll Brothers, Inc.'s earnings per share (EPS)?

Toll Brothers, Inc. (TOL) reported diluted earnings per share of $13.49 for fiscal year 2025. This represents a -10.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Toll Brothers, Inc. (TOL) Financials

TOL

Trailing 12 months to July 31, 2026

Revenue $10.8B -1.1% YoY

Net Income $1.2B -12.9% YoY

EPS (Diluted) $12.46 -8.4% YoY

Free Cash Flow $1.1B +18.7% YoY

Market Cap $12.4B as of Oct 9, 2026

Price / Sales 1.2x on $10.8B revenue, trailing 12 months to July 31, 2026

Price / Earnings 10.4x on $1.2B net income, trailing 12 months to July 31, 2026

Price / Book 1.5x on $8.5B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 31, 2026 Reported Aug 28, 2026 Currency USD FYE October

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TOL SEC filings page.

Toll Brothers, Inc. (TOL) reported $10.8B in revenue over the twelve months to Jul 31, 2026, down 1.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TOL FY2025 2026-10-03

FY2025 shows a business whose earnings softened because margins compressed, not because sales stopped growing.

FY2025's 25.1% gross margin reversed the prior year's 27.9% peak even as sales were nearly flat; this points to weaker economics per home rather than disappearing demand. Operating cash flow of $1.11B trailed net income of $1.35B, so accounting earnings exceeded cash produced.

Debt-to-equity fell from 1.2x in FY2021 to 0.8x in FY2025, showing a less debt-dependent financing structure. Equity reached $8.3B against $6.2B of liabilities, so the asset base was funded more by equity than obligations.

Free cash flow was $1.03B against $748M of buybacks and dividends, so internally generated cash supported distributions after reinvestment. Shares outstanding fell across the period, and financing cash flow of -$834M indicates capital allocation—not capital spending—was the dominant cash use.

Financial Health Signals

Financial Health Score 41/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Toll Brothers, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Toll Brothers, Inc. has an operating margin of 15.7%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 81/100, reflecting efficient cost management and pricing power. This is down from 18.8% the prior year.

Growth

Toll Brothers, Inc.'s revenue grew a modest 1.1% year-over-year to $11.0B. This slow but positive growth earns a score of 49/100.

Leverage

Toll Brothers, Inc. has a moderate D/E ratio of 0.75. This balance of debt and equity financing earns a leverage score of 53/100.

Liquidity

Not available for Toll Brothers, Inc., and counted as zero in the overall score.

Cash Flow

Toll Brothers, Inc. converts 9.4% of revenue into free cash flow ($1.0B). This strong cash generation earns a score of 65/100.

Returns

Not available for Toll Brothers, Inc., and counted as zero in the overall score.

Piotroski F-Score Partial

3/7

Toll Brothers, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.83x

For every $1 of reported earnings, Toll Brothers, Inc. generates $0.83 in operating cash flow ($1.1B OCF vs $1.3B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$2.7B

YoY-9.7%

QoQ+5.0%

5Y CAGR+3.3%

Toll Brothers, Inc. generated $2.7B in revenue in Q3 2026. This represents a decrease of 9.7% from the same quarter a year earlier. Against the prior quarter it is up 5.0%.

EBITDA

$380.1M

YoY-25.5%

QoQ+4.4%

5Y CAGR+5.0%

Toll Brothers, Inc.'s EBITDA was $380.1M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 25.5% from the same quarter a year earlier. Against the prior quarter it is up 4.4%.

Net Income

$280.1M

YoY-24.2%

QoQ+7.5%

5Y CAGR+3.6%

10Y CAGR+10.3%

Toll Brothers, Inc. reported $280.1M in net income in Q3 2026. This represents a decrease of 24.2% from the same quarter a year earlier. Against the prior quarter it is up 7.5%.

EPS (Diluted)

$2.97

YoY-20.4%

QoQ+9.2%

5Y CAGR+9.7%

10Y CAGR+17.2%

Toll Brothers, Inc. earned $2.97 per diluted share (EPS) in Q3 2026. This represents a decrease of 20.4% from the same quarter a year earlier. Against the prior quarter it is up 9.2%.

Cash & Balance Sheet

Free Cash Flow

$219.6M

YoY-36.3%

QoQ+99.7%

5Y CAGR-11.5%

Toll Brothers, Inc. generated $219.6M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 36.3% from the same quarter a year earlier. Against the prior quarter it is up 99.7%.

Cash & Debt

$1.1B

YoY+24.1%

QoQ-4.3%

5Y CAGR+2.3%

10Y CAGR+11.6%

Toll Brothers, Inc. held $1.1B in cash as of Q3 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.26

YoY+4.0%

QoQ0.0%

5Y CAGR+8.9%

Toll Brothers, Inc. paid $0.26 per share in dividends in Q3 2026. This represents an increase of 4.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

92M

YoY-4.4%

QoQ-1.4%

5Y CAGR-5.4%

10Y CAGR-5.6%

Toll Brothers, Inc. had 92M shares outstanding in Q3 2026. This represents a decrease of 4.4% from the same quarter a year earlier. Against the prior quarter it is down 1.4%.

Margins & Returns

Gross Margin

23.5%

YoY-1.6pp

QoQ-0.4pp

5Y change+0.9pp

Toll Brothers, Inc.'s gross margin was 23.5% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Operating Margin

13.5%

YoY-3.0pp

QoQ-0.2pp

5Y change+1.2pp

Toll Brothers, Inc.'s operating margin was 13.5% in Q3 2026, reflecting core business profitability. This is down 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.

Net Margin

10.5%

YoY-2.0pp

QoQ+0.2pp

5Y change+0.1pp

Toll Brothers, Inc.'s net profit margin was 10.5% in Q3 2026, showing the share of revenue converted to profit. This is down 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Return on Equity

3.3%

YoY-1.3pp

QoQ+0.2pp

5Y change-1.4pp

10Y change+0.8pp

Toll Brothers, Inc.'s ROE was 3.3% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Capital Allocation

Share Buybacks

$204.9M

YoY+2.8%

QoQ+14.1%

5Y CAGR+16.5%

10Y CAGR+7.7%

Toll Brothers, Inc. spent $204.9M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 2.8% from the same quarter a year earlier. Against the prior quarter it is up 14.1%.

Capital Expenditures

$30.7M

YoY+20.6%

QoQ+25.5%

5Y CAGR+13.7%

10Y CAGR+6.8%

Toll Brothers, Inc. invested $30.7M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 20.6% from the same quarter a year earlier. Against the prior quarter it is up 25.5%.

R&D Spending

Not reported for Q3 2026.

TOL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TOL quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$10.8B	$11.0B+1.1%	$10.8B+8.5%	$10.0B-2.7%	$10.3B+16.9%	$8.8B+24.2%	$7.1B-2.0%	$7.2B+1.1%	$7.1B+22.8%	$5.8B	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	$8.2B	$8.2B+5.0%	$7.8B+6.3%	$7.4B-5.5%	$7.8B+13.8%	$6.8B+21.0%	$5.7B-0.1%	$5.7B+2.3%	$5.5B+21.4%	$4.6B	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$2.6B	$2.8B-8.9%	$3.0B+14.7%	$2.6B+5.9%	$2.5B+28.0%	$1.9B+37.0%	$1.4B-9.1%	$1.6B-2.9%	$1.6B+28.2%	$1.3B	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.1B	$1.0B+5.2%	$982.3M+8.0%	$909.4M-7.0%	$977.8M+6.0%	$922.0M+6.3%	$867.4M-1.3%	$879.2M+7.2%	$820.2M+35.4%	$605.6M+13.6%	$533.1M+17.1%	$455.1M+5.2%	$432.5M+27.2%	$339.9M+18.3%	$287.3M+9.9%	$261.4M
Operating Income	$1.5B	$1.7B-15.7%	$2.0B+18.3%	$1.7B+14.3%	$1.5B+47.8%	$1.0B+85.5%	$550.3M-19.2%	$680.8M-13.4%	$786.2M+21.5%	$647.2M+31.5%	$492.3M+10.2%	$446.9M+12.5%	$397.2M+97.6%	$201.1M+217.0%	$63.4M+237.2%	-$46.2M
EBITDA	N/A	$1.8B-15.0%	$2.1B+17.8%	$1.8B+13.6%	$1.6B+44.5%	$1.1B+77.2%	$619.1M-17.8%	$752.9M-7.2%	$811.5M+20.7%	$672.5M+30.5%	$515.4M+9.6%	$470.4M+11.9%	$420.2M+85.7%	$226.3M+163.1%	$86.0M+472.3%	-$23.1M
Interest Expense	N/A	N/A	N/A	N/A	$0	$0-100.0%	$2.4M	$0	$0	$0	$0	$0	$0	$0	$0	N/A
Income Tax	$393.3M	$444.9M-13.5%	$514.4M+9.4%	$470.3M+12.7%	$417.2M+56.4%	$266.7M+90.1%	$140.3M-28.9%	$197.2M+6.1%	$185.8M-33.4%	$278.8M+34.7%	$206.9M+20.0%	$172.4M+4.8%	$164.6M+69.5%	$97.1M+125.9%	-$374.2M-441.1%	-$69.2M
Net Income	$1.2B	$1.3B-14.3%	$1.6B+14.5%	$1.4B+6.7%	$1.3B+54.3%	$833.6M+86.7%	$446.6M-24.3%	$590.0M-21.1%	$748.2M+39.7%	$535.5M+40.1%	$382.1M+5.2%	$363.2M+6.8%	$340.0M+99.3%	$170.6M-65.0%	$487.1M+1124.1%	$39.8M
EPS (Basic)	N/A	$13.60-10.3%	$15.16+21.6%	$12.47+13.2%	$11.02+64.0%	$6.72+95.9%	$3.43-15.7%	$4.07-17.3%	$4.92+49.1%	$3.30+45.4%	$2.27+10.2%	$2.06+7.9%	$1.91+89.1%	$1.01-65.3%	$2.91+1112.5%	$0.24
EPS (Diluted)	$12.46	$13.49-10.1%	$15.01+21.4%	$12.36+13.4%	$10.90+64.4%	$6.63+95.0%	$3.40-15.6%	$4.03-16.9%	$4.85+53.0%	$3.17+45.4%	$2.18+10.7%	$1.97+7.1%	$1.84+89.7%	$0.97-66.1%	$2.86+1091.7%	$0.24
Diluted Shares (Avg)	N/A	100M-4.7%	105M-5.7%	111M-5.9%	118M-6.2%	126M-4.1%	131M-10.4%	147M-5.0%	154M-9.0%	169M-3.7%	176M-4.7%	185M-0.6%	186M+4.4%	178M+4.6%	170M+1.1%	168M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$2.7B-9.7%	$2.5B-7.6%	$2.1B+15.4%	$3.4B+2.7%	$2.9B+8.0%	$2.7B-3.5%	$1.9B-4.6%	$3.3B+10.4%
Cost of Revenue	$2.0B-7.7%	$1.9B-5.3%	$1.7B+19.2%	$2.6B+5.0%	$2.2B+11.0%	$2.0B+2.9%	$1.4B-0.7%	$2.5B+10.5%
Gross Profit	$625.2M-15.7%	$604.9M-14.3%	$477.0M+3.8%	$847.9M-3.7%	$741.4M-0.1%	$705.4M-18.1%	$459.5M-14.7%	$880.8M+10.1%
SG&A Expenses	$266.1M+4.9%	$258.3M+1.0%	$257.9M+7.3%	$283.8M+5.2%	$253.7M+3.6%	$255.8M+7.6%	$240.4M+4.5%	$269.7M+11.7%
Operating Income	$359.2M-26.4%	$346.6M-22.9%	$219.1M0.0%	$564.1M-7.7%	$487.7M-1.9%	$449.7M-27.9%	$219.1M-28.9%	$611.1M+9.4%
EBITDA	$380.1M-25.5%	$363.9M-22.6%	$235.3M-0.4%	$585.9M-8.0%	$510.1M-1.4%	$470.5M-26.8%	$236.3M-27.2%	$636.8M+9.6%
Income Tax	$94.6M-27.1%	$89.8M-28.2%	$62.6M+43.4%	$146.3M+0.4%	$129.9M+0.7%	$125.1M-25.6%	$43.7M-39.0%	$145.7M-8.6%
Net Income	$280.1M-24.2%	$260.6M-26.1%	$210.9M+18.7%	$446.7M-6.0%	$369.6M-1.3%	$352.4M-26.8%	$177.7M-25.8%	$475.4M+6.7%
EPS (Basic)	$2.98-20.7%	$2.74-22.4%	$2.20+25.0%	$4.62-1.1%	$3.76+3.3%	$3.53-23.3%	$1.76-22.8%	$4.67+12.5%
EPS (Diluted)	$2.97-20.4%	$2.72-22.3%	$2.19+25.1%	$4.58-1.1%	$3.73+3.6%	$3.50-23.1%	$1.75-22.2%	$4.63+12.7%
Diluted Shares (Avg)	94M-4.8%	96M-4.8%	97M-5.2%	98M-5.0%	99M-4.7%	101M-4.9%	102M-4.2%	103M-5.3%

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

TOL Balance Sheet

TOL quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$14.5B+8.6%	$13.4B+6.7%	$12.5B+1.9%	$12.3B+6.5%	$11.5B+4.3%	$11.1B+2.2%	$10.8B+5.7%	$10.2B+8.5%	$9.4B-3.0%	$9.7B+5.8%	$9.2B+9.6%	$8.4B+23.0%	$6.8B+10.5%	$6.2B+22.3%	$5.1B
Cash & Equivalents	$1.3B-3.4%	$1.3B+0.2%	$1.3B-3.5%	$1.3B-17.8%	$1.6B+19.5%	$1.4B+6.6%	$1.3B+8.8%	$1.2B+65.8%	$712.8M+12.5%	$633.7M-31.0%	$919.0M+56.7%	$586.3M-24.1%	$773.0M0.0%	$773.0M-14.7%	$906.3M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$6.2B+9.7%	$5.7B-0.6%	$5.7B-8.8%	$6.3B+1.1%	$6.2B+1.0%	$6.1B+7.5%	$5.7B+4.3%	$5.5B+11.6%	$4.9B-10.8%	$5.5B+10.5%	$5.0B+9.7%	$4.5B+30.1%	$3.5B+14.3%	$3.1B+24.0%	$2.5B
Total Equity	$8.3B+7.8%	$7.7B+12.9%	$6.8B+13.2%	$6.0B+13.4%	$5.3B+8.6%	$4.9B-3.9%	$5.1B+6.5%	$4.8B+5.1%	$4.5B+7.1%	$4.2B+0.2%	$4.2B+9.6%	$3.9B+15.6%	$3.3B+6.8%	$3.1B+20.7%	$2.6B
Retained Earnings	$8.6B+5.2%	$8.2B+22.1%	$6.7B+8.3%	$6.2B+24.1%	$5.0B-3.8%	$5.2B+8.2%	$4.8B-7.5%	$5.2B+15.4%	$4.5B+12.5%	$4.0B+10.6%	$3.6B+11.2%	$3.2B+11.8%	$2.9B+6.3%	$2.7B+21.8%	$2.2B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$14.7B+2.0%	$14.5B+2.4%	$14.4B+5.9%	$14.5B+8.6%	$14.4B+7.8%	$14.2B+7.1%	$13.6B+8.8%	$13.4B+6.7%
Cash & Equivalents	$1.1B+24.1%	$1.1B+61.0%	$1.2B+109.2%	$1.3B-3.4%	$852.3M-4.6%	$686.5M-33.4%	$574.8M-23.8%	$1.3B+0.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$6.1B-2.2%	$6.0B-3.0%	$6.0B+3.5%	$6.2B+9.7%	$6.3B+6.0%	$6.2B+5.2%	$5.8B+5.9%	$5.7B-0.6%
Total Equity	$8.5B+5.4%	$8.5B+6.6%	$8.4B+7.9%	$8.3B+7.8%	$8.1B+9.2%	$7.9B+8.8%	$7.8B+11.1%	$7.7B+12.9%
Retained Earnings	$9.3B+3.0%	$9.0B+4.2%	$8.8B+5.5%	$8.6B+5.2%	$9.0B+16.6%	$8.6B+17.5%	$8.3B+20.5%	$8.2B+22.1%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

TOL Cash Flow Statement

TOL quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.2B	$1.1B+10.1%	$1.0B-20.2%	$1.3B+28.3%	$986.8M-24.3%	$1.3B+29.3%	$1.0B+130.3%	$437.7M-25.6%	$588.2M-31.7%	$861.7M+471.1%	$150.9M+150.7%	$60.2M-80.8%	$313.2M+155.0%	-$569.0M-231.7%	-$171.5M-392.0%	$58.8M
Depreciation & Amortization	N/A	$82.1M+1.1%	$81.2M+6.2%	$76.5M-0.4%	$76.8M+0.7%	$76.3M+10.7%	$68.9M-4.5%	$72.1M+185.6%	$25.3M-0.4%	$25.4M+9.7%	$23.1M-1.9%	$23.6M+2.4%	$23.0M-8.8%	$25.2M+11.6%	$22.6M-2.4%	$23.1M
Stock-Based Compensation	N/A	$30.8M+4.3%	$29.6M+19.2%	$24.8M+17.6%	$21.1M-9.0%	$23.2M-4.7%	$24.3M-7.1%	$26.2M-7.5%	$28.3M-0.5%	$28.5M+6.7%	$26.7M+16.5%	$22.9M+5.8%	$21.7M+13.7%	$19.0M+22.3%	$15.6M+24.7%	$12.5M
Capital Expenditures	$101.9M	$86.2M+17.0%	$73.6M+0.9%	$73.0M+1.7%	$71.7M+7.2%	$66.9M-39.0%	$109.6M+26.0%	$87.0M+208.1%	$28.2M-2.2%	$28.9M+1.6%	$28.4M+200.9%	$9.4M-37.3%	$15.1M-43.3%	$26.6M+122.9%	$11.9M-22.9%	$15.5M
Free Cash Flow	$1.1B	$1.0B+9.6%	$936.5M-21.5%	$1.2B+30.4%	$915.1M-26.0%	$1.2B+37.6%	$898.6M+156.2%	$350.7M-37.4%	$560.0M-32.8%	$832.8M+580.1%	$122.5M+141.4%	$50.7M-83.0%	$298.1M+150.1%	-$595.5M-224.6%	-$183.5M-523.7%	$43.3M
Investing Cash Flow	$46.4M	-$310.0M-85.0%	-$167.6M-11.3%	-$150.6M+1.7%	-$153.2M-3516.1%	-$4.2M+97.6%	-$177.8M-134.3%	-$75.9M	N/A	N/A	$8.2M	N/A	N/A	$332.7M+159.4%	-$560.5M-597.4%	-$80.4M
Financing Cash Flow	-$1.0B	-$833.9M-2.1%	-$816.5M+30.2%	-$1.2B-4.5%	-$1.1B-10.7%	-$1.0B-34.2%	-$753.3M-191.4%	-$258.5M	N/A	N/A	-$442.3M	N/A	N/A	$230.4M-61.9%	$604.6M+644.2%	-$111.1M
Dividends Paid	$97.3M	$97.1M+3.9%	$93.4M+2.5%	$91.1M+2.5%	$88.9M+16.0%	$76.6M+35.4%	$56.6M-11.1%	$63.6M+3.1%	$61.7M+59.9%	$38.6M	$0	N/A	$0	N/A	N/A	N/A
Share Buybacks	$681.6M	$651.0M+3.8%	$627.1M+11.7%	$561.6M+3.5%	$542.7M+43.5%	$378.3M-40.3%	$634.1M+171.5%	$233.5M-53.6%	$503.2M+73.0%	$290.9M-25.9%	$392.8M+590.4%	$56.9M-37.3%	$90.8M+490.2%	$15.4M+2945.0%	$505K-99.0%	$49.1M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$250.3M-32.4%	$134.4M-62.9%	$7.3M+101.7%	$800.0M+17.2%	$370.3M+110.9%	$362.8M-21.0%	-$420.8M-37.1%	$682.5M+15.4%
Depreciation & Amortization	$20.9M-6.3%	$17.3M-16.9%	$16.2M-5.4%	$21.8M-15.4%	$22.3M+10.9%	$20.8M+8.5%	$17.2M+6.3%	$25.8M+16.0%
Stock-Based Compensation	$4.4M+1.4%	$4.5M-5.3%	$18.8M+4.4%	N/A	$4.3M+13.2%	$4.8M+22.7%	$18.0M-1.2%	N/A
Capital Expenditures	$30.7M+20.6%	$24.5M+56.9%	$18.9M+8.9%	$27.8M+53.0%	$25.4M-1.2%	$15.6M-3.3%	$17.3M+27.6%	$18.2M-3.6%
Free Cash Flow	$219.6M-36.3%	$110.0M-68.3%	-$11.6M+97.4%	$772.2M+16.2%	$344.9M+130.1%	$347.3M-21.6%	-$438.1M-36.7%	$664.3M+16.0%
Investing Cash Flow	-$26.5M+49.5%	-$44.9M+34.3%	$187.7M+257.1%	-$69.9M-35.4%	-$52.4M-241.5%	-$68.3M-65.3%	-$119.5M-101.2%	-$51.6M-203.9%
Financing Cash Flow	-$265.7M-88.1%	-$194.1M-4.4%	-$257.3M-45.2%	-$329.5M-47.3%	-$141.3M+50.3%	-$185.9M-42.8%	-$177.2M+0.5%	-$223.8M+28.5%
Dividends Paid	$24.1M-0.7%	$24.4M-0.8%	$25.0M+2.4%	$23.8M+3.1%	$24.3M+4.3%	$24.6M+3.5%	$24.4M+4.9%	$23.1M+4.8%
Share Buybacks	$204.9M+2.8%	$179.6M-0.9%	$50.4M+112.4%	$246.7M+21.2%	$199.4M-18.1%	$181.2M+0.6%	$23.7M+42307.1%	$203.5M-36.9%

TOL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TOL quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	25.1%-2.8pp	27.9%+1.5pp	26.4%+2.2pp	24.2%+2.1pp	22.1%+2.1pp	20.0%-1.6pp	21.6%-0.9pp	22.5%+0.9pp	21.5%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	15.7%-3.1pp	18.8%+1.5pp	17.3%+2.6pp	14.7%+3.1pp	11.6%+3.8pp	7.8%-1.7pp	9.4%-1.6pp	11.0%-0.1pp	11.1%	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	12.3%-2.2pp	14.5%+0.8pp	13.7%+1.2pp	12.5%+3.0pp	9.5%+3.2pp	6.3%-1.9pp	8.2%-2.3pp	10.5%+1.3pp	9.2%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	16.3%-4.2pp	20.5%+0.3pp	20.2%-1.2pp	21.4%+5.7pp	15.7%+6.6pp	9.2%-2.5pp	11.6%-4.1pp	15.7%+3.9pp	11.8%+2.8pp	9.0%+0.4pp	8.6%-0.2pp	8.8%+3.7pp	5.1%-10.5pp	15.6%+14.1pp	1.5%
Return on Assets	9.3%-2.5pp	11.8%+0.8pp	10.9%+0.5pp	10.5%+3.2pp	7.2%+3.2pp	4.0%-1.4pp	5.5%-1.8pp	7.3%+1.6pp	5.7%+1.8pp	3.9%0.0pp	3.9%-0.1pp	4.0%+1.6pp	2.5%-5.4pp	7.9%+7.1pp	0.8%
Debt-to-Equity	0.750.0x	0.74-0.1x	0.84-0.2x	1.04-0.1x	1.17-0.1x	1.26+0.1x	1.130.0x	1.15+0.1x	1.08-0.2x	1.30+0.1x	1.180.0x	1.18+0.1x	1.05+0.1x	0.980.0x	0.95
Asset Turnover	0.76-0.1x	0.810.0x	0.800.0x	0.84+0.1x	0.76+0.1x	0.640.0x	0.670.0x	0.70+0.1x	0.62	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	9.4%+0.7pp	8.6%-3.3pp	11.9%+3.0pp	8.9%-5.2pp	14.1%+1.4pp	12.7%+7.8pp	4.9%-3.0pp	7.8%-6.5pp	14.3%	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	23.5%-1.6pp	23.9%-1.9pp	22.2%-2.5pp	24.8%-1.6pp	25.2%-2.0pp	25.8%-4.6pp	24.7%-2.9pp	26.4%-0.1pp
Operating Margin	13.5%-3.0pp	13.7%-2.7pp	10.2%-1.6pp	16.5%-1.8pp	16.6%-1.7pp	16.4%-5.5pp	11.8%-4.0pp	18.3%-0.2pp
Net Margin	10.5%-2.0pp	10.3%-2.6pp	9.8%+0.3pp	13.1%-1.2pp	12.6%-1.2pp	12.9%-4.1pp	9.6%-2.7pp	14.3%-0.5pp
Return on Equity	3.3%-1.3pp	3.1%-1.4pp	2.5%+0.2pp	5.4%-0.8pp	4.6%-0.5pp	4.4%-2.2pp	2.3%-1.1pp	6.2%-0.4pp
Return on Assets	1.9%-0.7pp	1.8%-0.7pp	1.5%+0.2pp	3.1%-0.5pp	2.6%-0.2pp	2.5%-1.1pp	1.3%-0.6pp	3.6%0.0pp
Debt-to-Equity	0.72-0.1x	0.71-0.1x	0.710.0x	0.750.0x	0.780.0x	0.780.0x	0.750.0x	0.74-0.1x
Asset Turnover	0.180.0x	0.170.0x	0.150.0x	0.240.0x	0.200.0x	0.190.0x	0.140.0x	0.250.0x
FCF Margin	8.3%-3.4pp	4.3%-8.3pp	-0.5%+23.0pp	22.6%+2.6pp	11.7%+6.2pp	12.7%-2.9pp	-23.6%-7.1pp	19.9%+1.0pp

Not reported in any period shown, so not listed: Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Toll Brothers, Inc. TOL	FY2025	$11.0B	$1.3B	12.3%	$12.4B	41/100
NVR, Inc. NVR	FY2025	$10.3B	$1.3B	13.0%	$16.0B	30/100
Pultegroup, Inc. PHM	FY2025	$17.3B	$2.2B	12.8%	$21.6B	33/100
D.R. Horton Inc. DHI	FY2025	$34.3B	$3.6B	10.5%	$38.0B	25/100
Lennar Corporation LEN	FY2025	$34.2B	$2.1B	6.1%	$18.5B	24/100
Taylor Morrison Home Corporation TMHC	FY2025	$8.1B	$782.5M	9.6%	$6.7B	29/100

Where Toll Brothers, Inc. Ranks

Frequently Asked Questions

What is Toll Brothers, Inc.'s annual revenue?

Toll Brothers, Inc. (TOL) reported $11.0B in total revenue for fiscal year 2025. This represents a 1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Toll Brothers, Inc.'s revenue growing?

Toll Brothers, Inc. (TOL) revenue grew by 1.1% year-over-year, from $10.8B to $11.0B in fiscal year 2025.

Is Toll Brothers, Inc. profitable?

Yes, Toll Brothers, Inc. (TOL) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 12.3%.

What is Toll Brothers, Inc.'s EBITDA?

Toll Brothers, Inc. (TOL) had EBITDA of $1.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Toll Brothers, Inc.'s gross margin?

Toll Brothers, Inc. (TOL) had a gross margin of 25.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Toll Brothers, Inc.'s operating margin?

Toll Brothers, Inc. (TOL) had an operating margin of 15.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Toll Brothers, Inc.'s net profit margin?

Toll Brothers, Inc. (TOL) had a net profit margin of 12.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Toll Brothers, Inc. pay dividends?

Yes, Toll Brothers, Inc. (TOL) paid $0.98 per share in dividends during fiscal year 2025.

What is Toll Brothers, Inc.'s return on equity (ROE)?

Toll Brothers, Inc. (TOL) has a return on equity of 16.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Toll Brothers, Inc.'s free cash flow?

Toll Brothers, Inc. (TOL) generated $1.0B in free cash flow during fiscal year 2025. This represents a 9.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Toll Brothers, Inc.'s operating cash flow?

Toll Brothers, Inc. (TOL) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Toll Brothers, Inc.'s total assets?

Toll Brothers, Inc. (TOL) had $14.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Toll Brothers, Inc.'s capital expenditures?

Toll Brothers, Inc. (TOL) invested $86.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Toll Brothers, Inc. buy back shares?

Yes, Toll Brothers, Inc. (TOL) spent $651.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Toll Brothers, Inc. have outstanding?

Toll Brothers, Inc. (TOL) had 95M shares outstanding as of fiscal year 2025.

What is Toll Brothers, Inc.'s debt-to-equity ratio?

Toll Brothers, Inc. (TOL) had a debt-to-equity ratio of 0.75 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Toll Brothers, Inc.'s return on assets (ROA)?

Toll Brothers, Inc. (TOL) had a return on assets of 9.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Toll Brothers, Inc.'s P/E ratio?

Toll Brothers, Inc. (TOL) trades at 10.4x earnings, its market capitalization divided by net income of $1.2B net income, trailing 12 months to July 31, 2026. The market capitalization is $12.4B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Toll Brothers, Inc.'s price-to-sales ratio?

Toll Brothers, Inc. (TOL) trades at 1.2x sales, its market capitalization divided by revenue of $10.8B revenue, trailing 12 months to July 31, 2026. The market capitalization is $12.4B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Toll Brothers, Inc.'s Piotroski F-Score?

Toll Brothers, Inc. (TOL) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Toll Brothers, Inc.'s earnings high quality?

Toll Brothers, Inc. (TOL) has an earnings quality ratio of 0.83x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Toll Brothers, Inc.?

Toll Brothers, Inc. (TOL) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.