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.
- Symbol
- TOL
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Residential Construction
- Market cap
- $12.92B
- 52 week range
- 123.15 - 168.36
Valuation
- Share price
- $135.27 (close of 2026-09-23)
- P/E (TTM)
- 10.97x
- Price to book
- 1.51x
- Price to free cash flow
- 11.85x
- Enterprise value
- $14.77B
- Book value per share
- $90.97
Price performance
| Period | Change |
|---|
| 1 day | -0.17% |
| 5 days | +0.80% |
| 1 month | -8.04% |
| 3 months | -10.39% |
| 6 months | -1.96% |
| Year to date | +0.04% |
| 1 year | -0.97% |
| 3 years | +82.62% |
| 5 years | +125.86% |
| 10 years | +363.41% |
| All time | +13427.00% |
Profitability and growth
- Return on equity
- 16.25%
- Return on invested capital
- 12.83%
- 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)
- 8.44%
- Net debt to EBITDA
- 1.19x
Latest reported year
- Period end
- 2025-10-31
- 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 end | Revenue | Gross profit | Net income | EPS |
|---|
| 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 | - | - | $382.10M | $2.27 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-10-31 | 25.11% | 12.28% | 16.25% | 12.83% |
| 2024-10-31 | 27.87% | 14.49% | 20.44% | 16.33% |
| 2023-10-31 | 26.36% | 13.73% | 20.14% | 14.76% |
| 2022-10-31 | 24.20% | 12.52% | 21.36% | 13.40% |
| 2021-10-31 | 22.10% | 9.48% | 15.61% | 13.74% |
| 2020-10-31 | 20.03% | 6.31% | 9.06% | 8.12% |
| 2019-10-31 | 21.60% | 8.17% | 11.53% | 9.54% |
| 2018-10-31 | 22.49% | 10.47% | 15.69% | 12.67% |
| 2017-10-31 | 21.54% | 9.21% | 11.80% | 7.33% |
| 2016-10-31 | - | - | 9.02% | 5.99% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 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 end | Free cash flow | Stock-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
- 2026-07-10
- Paid in the last twelve months
- $1.02
| Payment date | Dividend per share |
|---|
| 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 |
| 2024-10-11 | $0.23 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-18 | Jul/2026 | $2.90 |
| 2026-05-19 | - | - |
| 2026-02-17 | - | - |
| 2025-12-08 | - | - |
| 2025-08-19 | - | - |
| 2025-05-20 | - | - |
| 2025-02-18 | - | - |
| 2024-12-09 | - | - |
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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