Toll Brothers IncToll Brothers Inc
Toll Brothers Inc

Toll Brothers Inc

TOL
Consumer Discretionary·Household Durables

Toll Brothers, Inc. engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following geographical segments: North Region, Mid-Atlantic Region, South Region, Mountain Region, and Pacific Region. The North region segment includes Connecticut, Delaware, Massachusetts, Michigan, New Jersey, New York, and Pennsylvania. The Mid-Atlantic region segment consists of Georgia, Maryland, North Carolina, Tennessee, and Virginia. The South region segment includes Florida, South Carolina, and Texas. The Mountain region segment consists of Arizona, Colorado, Idaho, Nevada, and Utah. The Pacific region segment includes California, Oregon, and Washington. The company was founded by Robert I. Toll, and Bruce E. Toll in May 1967 and is headquartered in Fort Washington, PA.

Pennsylvania; U.S.A
Market cap
No dataNo data
Revenue
$11B+1.1% YoY
Net income
$1.3B−14.3% YoY
Free cash flow
$1B+9.6% YoY

Market

Listed stock
TOLPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$11B+1.1% YoY
Operating income
$1.7B−15.7% YoY
Net income
$1.3B−14.3% YoY
Free cash flow
$1B+9.6% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $8.8B, 2022 $10.3B, 2023 $10B, 2024 $10.8B, 2025 $11B. Operating income: 2021 $1B, 2022 $1.5B, 2023 $1.7B, 2024 $2B, 2025 $1.7B. Net income: 2021 $833.6M, 2022 $1.3B, 2023 $1.4B, 2024 $1.6B, 2025 $1.3B. Free cash flow: 2021 $1.2B, 2022 $915.1M, 2023 $1.2B, 2024 $936.5M, 2025 $1B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
1.1%−742 bps YoY
Gross margin
No dataNo data
Operating margin
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FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-10-31 $1B, 2022-10-31 $1.5B, 2023-10-31 $1.7B, 2024-10-31 $2B, 2025-10-31 $1.7B. Net income: 2021-10-31 $833.6M, 2022-10-31 $1.3B, 2023-10-31 $1.4B, 2024-10-31 $1.6B, 2025-10-31 $1.3B. Free cash flow: 2021-10-31 $1.2B, 2022-10-31 $915.1M, 2023-10-31 $1.2B, 2024-10-31 $936.5M, 2025-10-31 $1B

Growth heatmap

2022202320242025CAGR
Revenue
+16.9%
-2.7%
+8.5%
+1.1%
+5.7%
Gross profit
+28.0%
+5.9%
+14.7%
-8.9%
+9.1%
Operating income
+47.8%
+14.3%
+18.3%
-15.7%
+13.9%
Free cash flow
-26.0%
+30.4%
-21.5%
+9.6%
-4.5%

Earnings quality

Operating cash flow
$1.1B+10.1% YoY
Net income
$1.3B−14.3% YoY
Free cash flow
$1B+9.6% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-10-31 83%, 2024-10-31 64%, 2023-10-31 92%, 2022-10-31 77%, 2021-10-31 156%. Free cash flow: 2025-10-31 76%, 2024-10-31 60%, 2023-10-31 87%, 2022-10-31 71%, 2021-10-31 148%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
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Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
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Free cash flow yield
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