Toll Brothers, Inc. (TOL)

Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, rents apartments and student housing communities. In addition, it provides various interior fit-out options, such as flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies. Further, the company owns and operates architectural, engineering, mortgage, title, land development, insurance, smart home technology, landscaping, lumber distribution, house component assembly, and component manufacturing operations. It serves luxury first-time, move-up, empty-nester, active-adult, and second-home buyers. The company was founded in 1967 and is headquartered in Fort Washington, Pennsylvania.

Ticker
TOL
Exchange
NYSE
Sector
Consumer Cyclical
Industry
Residential Construction
Market cap
$14.32B
52-week range
$123.15 - $168.36

Valuation

Share price
$152.56 (close of Nov 6, 2026)
P/E (TTM)
12.17x
Price to book
1.68x
Price to free cash flow
13.14x
Enterprise value
$16.18B
Book value per share
$90.97

Price performance

PeriodChange
1 day-1.95%
5 days+4.53%
1 month+10.55%
3 months+0.81%
6 months+7.74%
Year to date+12.82%
1 year+15.00%
3 years+90.53%
5 years+145.99%
10 years+456.38%
All time+15,156.00%

Short interest

As of
Oct 15, 2026
Short % of float
5.50%
Shares short
3.99M
Days to cover
3.97
Change since prior report
+0.89%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
16.25%
Return on invested capital
11.39%
Return on assets
9.27%
Gross margin
25.11%
Net margin
12.28%
EBITDA margin
16.44%
Revenue growth
1.11%
Net income growth
-14.30%
Free cash flow growth
9.58%

Cash flow and balance sheet

Free cash flow yield (TTM)
7.61%
Net debt to EBITDA
1.19x

Latest reported year

Period end
Oct 31, 2025
Fiscal year
2025
Revenue
$10.97B
Cost of revenue
$8.21B
Gross profit
$2.75B
EBITDA
$1.80B
Net income
$1.35B
Earnings per share
$13.60
Shares outstanding
98.98M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-10-31$10.97B$2.75B$1.35B$13.60
2024-10-31$10.85B$3.02B$1.57B$15.16
2023-10-31$9.99B$2.63B$1.37B$12.47
2022-10-31$10.28B$2.49B$1.29B$11.02
2021-10-31$8.79B$1.94B$833.63M$6.72
2020-10-31$7.08B$1.42B$446.62M$3.43
2019-10-31$7.22B$1.56B$590.01M$4.07
2018-10-31$7.14B$1.61B$748.15M$4.92
2017-10-31$5.82B$1.25B$535.50M$3.30
2016-10-31$5.17B$1.03B$382.10M$2.27

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-10-3125.11%12.28%16.25%11.39%
2024-10-3127.87%14.49%20.44%14.33%
2023-10-3126.36%13.73%20.14%12.80%
2022-10-3124.20%12.52%21.36%11.50%
2021-10-3122.10%9.48%15.61%10.58%
2020-10-3120.03%6.31%9.06%6.39%
2019-10-3121.60%8.17%11.53%7.61%
2018-10-3122.49%10.47%15.69%10.14%
2017-10-3121.54%9.21%11.80%6.42%
2016-10-3119.84%7.39%9.02%5.29%

Cash and debt by year

Period endCashDebt
2025-10-31$1.26B$2.33B
2024-10-31$1.30B$3.18B
2023-10-31$1.30B$2.73B
2022-10-31$1.35B$2.24B
2021-10-31$1.64B$1.67B
2020-10-31$1.37B$1.37B
2019-10-31$1.29B$1.24B
2018-10-31$1.18B$1.15B
2017-10-31$712.83M$1.20B
2016-10-31$633.72M$1.16B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-10-31$1.03B$30.83M
2024-10-31$936.52M$29.56M
2023-10-31$1.19B$24.80M
2022-10-31$915.09M$21.09M
2021-10-31$1.24B$23.19M
2020-10-31$898.55M$24.33M
2019-10-31$350.69M$26.18M
2018-10-31$559.98M$28.31M
2017-10-31$832.83M$28.47M
2016-10-31$122.46M$26.68M

Dividend history

Most recent payment
Oct 9, 2026
Paid in the last twelve months
$1.03
Payment dateDividend per share
2026-10-09$0.26
2026-07-10$0.26
2026-04-10$0.26
2026-01-09$0.25
2025-10-10$0.25
2025-07-11$0.25
2025-04-11$0.25
2025-01-10$0.23

Investor relations

Next earnings report

Next confirmed report
Dec 14, 2026
Consensus EPS estimate
$4.89

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-18Jul 2026$2.90
2026-05-19Apr 2026$2.58
2026-02-17Jan 2026$2.05
2025-12-08Oct 2025$4.87
2025-08-19Jul 2025$3.59
2025-05-20Apr 2025$2.86
2025-02-18Jan 2025$1.99
2024-12-09Oct 2024$4.30

Filings and sources

Company website
tollbrothers.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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