Revenue
$10.97B
Fiscal year ended 2025-10-31Operating income
$1.72B
Fiscal year ended 2025-10-31Free cash flow
$1.03B
Fiscal year ended 2025-10-31Toll Brothers, Inc. (TOL) reported revenue of $10.97B and net income of $1.35B for the fiscal year ended 2025-10-31. This page shows 9 annual periods of income statement, balance sheet and cash flow figures normalized from Toll Brothers, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Operative Builders.
Income
| Metric | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.97B | $10.85B | $9.99B | $10.28B | $8.79B | $7.08B | $7.22B | $7.14B | $5.82B |
| Cost of revenue | $8.21B | $7.82B | $7.36B | $7.79B | $6.85B | $5.66B | $5.66B | $5.54B | $4.56B |
| Gross profit | $2.75B | $3.02B | $2.63B | $2.49B | $1.94B | $1.42B | $1.56B | $1.61B | $1.25B |
| Operating income | $1.72B | $2.04B | $1.72B | $1.51B | $1.02B | $550.26M | $680.80M | $786.22M | $647.18M |
| Net income | $1.35B | $1.57B | $1.37B | $1.29B | $833.63M | $446.62M | $590.01M | $748.15M | $535.50M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 99.78M | shares 104.69M | shares 111.01M | shares 117.98M | shares 125.81M | shares 131.25M | shares 146.50M | shares 154.20M | shares 169.49M |
| Pretax income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Income tax expense | $444.88M | $514.44M | $470.30M | $417.23M | $266.69M | $140.28M | $197.16M | $185.76M | $278.82M |
| Diluted EPS | $13.49 | $15.01 | $12.36 | $10.90 | $6.63 | $3.40 | $4.03 | $4.85 | $3.17 |
| Selling, general & administrative | $1.03B | $982.29M | $909.45M | $977.75M | $922.02M | $867.44M | $879.24M | $820.23M | $605.57M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.26B | $1.30B | $1.30B | $1.35B | $1.64B | $1.37B | $1.29B | $1.18B | $712.83M |
| Total assets | $14.52B | $13.37B | $12.53B | $12.29B | $11.54B | $11.07B | $10.83B | $10.24B | $9.45B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $6.23B | $5.68B | $5.71B | $6.27B | $6.20B | $6.14B | $5.71B | $5.48B | $4.91B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $8.29B | $7.69B | $6.81B | $6.02B | $5.34B | $4.93B | $5.12B | $4.77B | $4.54B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.11B | $1.01B | $1.27B | $986.82M | $1.30B | $1.01B | $437.66M | Unavailable | Unavailable |
| Capital expenditures | $86.20M | $73.64M | $72.96M | $71.73M | $66.88M | $109.56M | $86.97M | $28.23M | $28.87M |
| Investing cash flow | -$310.03M | -$167.62M | -$150.60M | -$153.18M | -$4.24M | -$177.84M | -$75.91M | Unavailable | Unavailable |
| Financing cash flow | -$833.88M | -$816.46M | -$1.17B | -$1.12B | -$1.01B | -$753.31M | -$258.51M | Unavailable | Unavailable |
| Net change in cash | -$31.50M | $26.09M | -$54.21M | -$285.86M | $287.81M | $76.96M | $103.23M | $455.18M | -$24.24M |
| Stock-based compensation | $30.83M | $29.56M | $24.80M | $21.10M | $23.19M | $24.33M | $26.18M | $28.31M | $28.47M |
| Common dividends paid | $97.08M | $93.40M | $91.08M | $88.90M | $76.62M | $56.59M | $63.64M | $61.70M | $38.59M |
| Common share repurchases | $651.02M | $627.06M | $561.60M | $542.74M | $378.26M | $634.06M | $233.52M | $503.16M | $290.88M |
| Depreciation & amortization | $82.08M | $81.20M | $76.47M | $76.82M | $76.25M | $68.87M | $72.15M | $25.26M | $25.36M |
Derived
| Metric | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 |
|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $1.03B | $936.52M | $1.19B | $915.09M | $1.24B | $898.55M | $350.69M | Unavailable | Unavailable |
| Gross margin | 25.1% | 27.9% | 26.4% | 24.2% | 22.1% | 20.0% | 21.6% | 22.5% | 21.5% |
| Operating margin | 15.7% | 18.8% | 17.3% | 14.7% | 11.6% | 7.8% | 9.4% | 11.0% | 11.1% |
| FCF margin | 9.4% | 8.6% | 11.9% | 8.9% | 14.1% | 12.7% | 4.9% | Unavailable | Unavailable |
| SBC / revenue | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% | 0.3% | 0.4% | 0.4% | 0.5% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 1.1% | 8.5% | -2.7% | 16.9% | 24.2% | -2.0% | 1.1% | 22.8% | Unavailable |
| Net margin | 12.3% | 14.5% | 13.7% | 12.5% | 9.5% | 6.3% | 8.2% | 10.5% | 9.2% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 0.8% | 0.7% | 0.7% | 0.7% | 0.8% | 1.5% | 1.2% | 0.4% | 0.5% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open TOL in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-28View SEC filing
10-Q · Filed 2026-05-29View SEC filing
10-Q · Filed 2026-02-27View SEC filing
10-K · Filed 2025-12-19View SEC filing
10-Q · Filed 2025-08-28View SEC filing
10-Q · Filed 2025-05-29View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.