Toll Brothers, Inc.
TOL- Exchange
- NYSE
- Industry
- Operative Builders
- SEC CIK
- 0000794170
In the last 90 days, Toll Brothers, Inc. insiders filed 0 open-market purchases and 1 sale; 810 institutions reported holding it in 13F filings for Q2 2026, worth $14.2B in total; superinvestors Greenhaven Associates and Viking Global Investors hold it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 11:35 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Oct 31, 2025 | Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Dec 8, 2025 | Dec 9, 2024 | Dec 5, 2023 | Dec 6, 2022 | Dec 7, 2021 |
| Revenue | $11.0B | $10.8B | $9.99B | $10.3B | $8.79B |
| Cost of revenue | $8.21B | $7.82B | $7.36B | $7.79B | $6.85B |
| Selling, general and administrative | $1.03B | $982.3M | $909.4M | $977.8M | $922.0M |
| Operating income | $1.72B | $2.04B | $1.72B | $1.51B | $1.02B |
| Interest expense | – | – | – | $0 | $0 |
| Income tax | $444.9M | $514.4M | $470.3M | $417.2M | $266.7M |
| Net income | $1.35B | $1.57B | $1.37B | $1.29B | $833.6M |
| EPS, basic | $13.60 | $15.16 | $12.47 | $11.02 | $6.72 |
| EPS, diluted | $13.49 | $15.01 | $12.36 | $10.90 | $6.63 |
| Weighted shares, basic | 99.0M | 103.7M | 110.0M | 116.8M | 124.1M |
| Weighted shares, diluted | 99.8M | 104.7M | 111.0M | 118.0M | 125.8M |
| Margins and growth | |||||
| Operating margin | 15.7% | 18.8% | 17.3% | 14.7% | 11.6% |
| Net margin | 12.3% | 14.5% | 13.7% | 12.5% | 9.5% |
| Revenue growth, year over year | +1.1% | +8.5% | −2.7% | +16.9% | +24.2% |
| Net income growth, year over year | −14.3% | +14.5% | +6.7% | +54.3% | +86.7% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Oct 31, 2025 | Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Dec 8, 2025 | Dec 9, 2024 | Dec 5, 2023 | Dec 6, 2022 | Dec 7, 2021 |
| Cash and equivalents | $1.26B | $1.30B | $1.30B | $1.35B | $1.64B |
| Property, plant and equipment | $273.4M | $453.0M | $324.0M | $287.8M | $310.5M |
| Total assets | $14.5B | $13.4B | $12.5B | $12.3B | $11.5B |
| Total liabilities | $6.23B | $5.68B | $5.71B | $6.27B | $6.20B |
| Shareholders' equity | $8.29B | $7.69B | $6.81B | $6.02B | $5.34B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Oct 31, 2025 | Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Dec 8, 2025 | Dec 9, 2024 | Dec 5, 2023 | Dec 6, 2022 | Dec 7, 2021 |
| Operating cash flow | $1.11B | $1.01B | $1.27B | $986.8M | $1.30B |
| Capital expenditures | $86.2M | $73.6M | $73.0M | $71.7M | $66.9M |
| Free cash flow | $1.03B | $936.5M | $1.19B | $915.1M | $1.24B |
| Depreciation and amortization | $82.1M | $81.2M | $76.5M | $76.8M | $76.3M |
| Stock-based compensation | $30.8M | $29.6M | $24.8M | $21.1M | $23.2M |
| Dividends paid | $97.1M | $93.4M | $91.1M | $88.9M | $76.6M |
| Share buybacks | $651.0M | $627.1M | $561.6M | $542.7M | $378.3M |
| Investing cash flow | -$310.0M | -$167.6M | -$150.6M | -$153.2M | -$4.24M |
| Financing cash flow | -$833.9M | -$816.5M | -$1.17B | -$1.12B | -$1.01B |
| Net change in cash | -$31.5M | $26.1M | -$54.2M | -$285.9M | $287.8M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Aug 26, 2026 | 92.1M | −4.4% | SEC |
| May 27, 2026 | 93.5M | −4.8% | SEC |
| Feb 25, 2026 | 94.7M | −4.8% | SEC |
| Dec 17, 2025 | 95.0M | −5.0% | SEC |
| Aug 26, 2025 | 96.4M | −4.5% | SEC |
| May 27, 2025 | 98.2M | −4.4% | SEC |
| Feb 26, 2025 | 99.4M | −4.5% | SEC |
| Dec 18, 2024 | 100.0M | −3.9% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.