For the twelve months ended Jul 31, 2026, Toll Brothers Inc. reported $10.76B of revenue and $1.20B of net income.
TOL revenue was $2.66B in fiscal Q3 2026 (ended Jul 31, 2026), down 9.7% from a year earlier and up 5.0% from the prior quarter. For the full fiscal 2025 it was $10.97B, up 1.1% from fiscal 2024. Compound annual growth was +9.2% over 5 years. It rose in 6 of the last 8 fiscal years. Fiscal 2025 is the highest of the 9 fiscal years on file.
TOL net income was $280.14M in fiscal Q3 2026 (ended Jul 31, 2026), down 24.2% from a year earlier and up 7.5% from the prior quarter. For the full fiscal 2025 it was $1.35B, down 14.3% from fiscal 2024. Compound annual growth was +24.7% over 5 years and +14.0% over 10 years. It rose in 7 of the last 10 fiscal years.
TOL diluted EPS was $2.97 in fiscal Q3 2026 (ended Jul 31, 2026), down 20.4% from a year earlier and up 9.2% from the prior quarter. For the full fiscal 2025 it was $13.49, down 10.1% from fiscal 2024. Compound annual growth was +31.7% over 5 years and +21.2% over 10 years.
TOL free cash flow was $219.64M in fiscal Q3 2026 (ended Jul 31, 2026), down 36.3% from a year earlier and up 99.7% from the prior quarter. For the full fiscal 2025 it was $1.03B, up 9.6% from fiscal 2024. Compound annual growth was +2.7% over 5 years and +35.1% over 10 years. It rose in 6 of the last 10 fiscal years.
| Line item | Oct 31, 2025 | Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | Oct 31, 2017 | Oct 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | - |
| Selling, general and admin | $1.03B | $982.29M | $909.45M | $977.75M | $922.02M | $867.44M | $879.25M | $820.23M | $605.57M | $533.12M |
| Operating income | $1.72B | $2.04B | $1.72B | $1.51B | $1.02B | $550.26M | $680.80M | $786.22M | $647.18M | $492.32M |
| Interest expense | - | - | - | - | - | - | $0 | $0 | $0 | $0 |
| Income tax | $444.88M | $514.45M | $470.30M | $417.23M | $266.69M | $140.28M | $197.16M | $185.76M | $278.82M | $206.93M |
| Net income | $1.35B | $1.57B | $1.37B | $1.29B | $833.63M | $446.62M | $590.01M | $748.15M | $535.50M | $382.10M |
| EPS, basic | $13.60 | $15.16 | $12.47 | $11.02 | $6.72 | $3.43 | $4.07 | $4.92 | $3.30 | $2.27 |
| EPS, diluted | $13.49 | $15.01 | $12.36 | $10.90 | $6.63 | $3.40 | $4.03 | $4.85 | $3.17 | $2.18 |
| Diluted shares | 99.8M | 104.7M | 111.0M | 118.0M | 125.8M | 131.2M | 146.5M | 154.2M | 169.5M | 176.0M |
| Line item | Oct 31, 2025 | Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | Oct 31, 2017 | Oct 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.26B | $1.37B | $1.30B | $1.40B | $1.68B | $1.40B | $1.32B | $1.22B | $761.23M | $785.47M |
| Total assets | $14.52B | $13.37B | $12.53B | $12.29B | $11.54B | $11.07B | $10.83B | $10.24B | $9.45B | $9.74B |
| Total liabilities | $6.23B | $5.68B | $5.71B | $6.27B | $6.20B | $6.14B | $5.71B | $5.48B | $4.91B | $5.50B |
| Shareholders' equity | $8.27B | $7.69B | $6.81B | $6.02B | $5.34B | $4.93B | $5.12B | $4.77B | $4.54B | $4.24B |
| Line item | Oct 31, 2025 | Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | Oct 31, 2017 | Oct 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.11B | $1.01B | $1.27B | $986.82M | $1.30B | $1.01B | $437.66M | $588.21M | $861.70M | $150.88M |
| Capital expenditures | $86.19M | $73.64M | $72.96M | $71.73M | $66.88M | $109.56M | $86.97M | $28.23M | $28.87M | $28.43M |
| Free cash flow | $1.03B | $936.52M | $1.19B | $915.09M | $1.24B | $898.55M | $350.69M | $559.98M | $832.83M | $122.46M |
| Investing cash flow | -$310.03M | -$167.62M | -$150.60M | -$153.18M | -$4.24M | -$177.84M | -$75.91M | $81.27M | -$7.68M | $8.21M |
| Financing cash flow | -$833.88M | -$816.46M | -$1.17B | -$1.12B | -$1.01B | -$753.31M | -$258.51M | -$214.30M | -$878.25M | -$444.37M |
| Dividends paid | $97.08M | $93.40M | $91.08M | $88.90M | $76.62M | $56.59M | $63.64M | $61.70M | $38.59M | $0 |
| Share repurchases | $651.02M | $627.06M | $561.60M | $542.74M | $378.26M | $634.06M | $233.52M | $503.16M | $290.88M | $392.77M |
| Stock-based compensation | $30.83M | $29.56M | $24.80M | $21.09M | $23.19M | $24.33M | $26.18M | $28.31M | $28.47M | $26.68M |
| Depreciation and amortization | $82.08M | $81.20M | $76.47M | $76.82M | $76.25M | $68.87M | $72.15M | $25.26M | $25.36M | $23.12M |
| Line item | Oct 31, 2025 | Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | Oct 31, 2017 | Oct 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 1.1% | 8.5% | -2.7% | 16.9% | 24.2% | -2.0% | 1.1% | 22.8% | - | - |
| Net income growth, YoY | -14.3% | 14.5% | 6.7% | 54.3% | 86.7% | -24.3% | -21.1% | 39.7% | 40.1% | 5.2% |
| EPS growth, YoY | -10.1% | 21.4% | 13.4% | 64.4% | 95.0% | -15.6% | -16.9% | 53.0% | 45.4% | 10.7% |
| 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% | - |
| Net margin | 12.3% | 14.5% | 13.7% | 12.5% | 9.5% | 6.3% | 8.2% | 10.5% | 9.2% | - |
| Free cash flow margin | 9.4% | 8.6% | 11.9% | 8.9% | 14.1% | 12.7% | 4.9% | 7.8% | 14.3% | - |
| Return on equity | 16.3% | 20.4% | 20.1% | 21.4% | 15.6% | 9.1% | 11.5% | 15.7% | 11.8% | 9.0% |
| Return on assets | 9.3% | 11.8% | 11.0% | 10.5% | 7.2% | 4.0% | 5.4% | 7.3% | 5.7% | 3.9% |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.66B | $2.53B | $2.15B | $3.42B | $2.95B | $2.74B | $1.86B | $3.33B | $2.73B | $2.84B | $1.95B | $3.02B |
| Cost of revenue | $2.03B | $1.93B | $1.67B | $2.58B | $2.20B | $2.03B | $1.40B | $2.45B | $1.99B | $1.98B | $1.41B | $2.22B |
| Gross profit | $625.22M | $604.89M | $476.99M | $847.86M | $741.39M | $705.44M | $459.55M | $880.79M | $742.00M | $861.22M | $538.46M | $800.02M |
| Selling, general and admin | $266.07M | $258.25M | $257.94M | $283.78M | $253.67M | $255.76M | $240.41M | $269.73M | $244.81M | $237.70M | $230.05M | $241.41M |
| Operating income | $359.15M | $346.64M | $219.06M | $564.09M | $487.72M | $449.68M | $219.13M | $611.05M | $497.19M | $623.53M | $308.42M | $558.62M |
| Income tax | $94.64M | $89.77M | $62.64M | $146.27M | $129.88M | $125.06M | $43.68M | $145.66M | $129.02M | $168.16M | $71.60M | $159.43M |
| Net income | $280.14M | $260.59M | $210.93M | $446.72M | $369.62M | $352.45M | $177.70M | $475.41M | $374.61M | $481.62M | $239.56M | $445.54M |
| EPS, basic | $2.98 | $2.74 | $2.20 | $4.62 | $3.76 | $3.53 | $1.76 | $4.67 | $3.64 | $4.60 | $2.28 | $4.15 |
| EPS, diluted | $2.97 | $2.72 | $2.19 | $4.58 | $3.73 | $3.50 | $1.75 | $4.63 | $3.60 | $4.55 | $2.25 | $4.11 |
| Diluted shares | 94.4M | 95.8M | 96.5M | 97.5M | 99.2M | 100.6M | 101.8M | 102.7M | 104.0M | 105.8M | 106.3M | 108.4M |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.06B | $1.11B | $1.20B | $1.26B | $852.31M | $686.47M | $574.83M | $1.37B | $893.42M | $1.03B | $754.79M | $1.30B |
| Total assets | $14.69B | $14.53B | $14.43B | $14.52B | $14.40B | $14.20B | $13.62B | $13.37B | $13.36B | $13.25B | $12.52B | $12.53B |
| Total liabilities | $6.14B | $6.05B | $6.01B | $6.23B | $6.29B | $6.23B | $5.81B | $5.68B | $5.93B | $5.93B | $5.49B | $5.71B |
| Shareholders' equity | $8.53B | $8.49B | $8.42B | $8.27B | $8.11B | $7.96B | $7.81B | $7.69B | $7.43B | $7.32B | $7.04B | $6.81B |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $250.34M | $134.45M | $7.27M | $800.03M | $370.31M | $362.85M | -$420.77M | $682.51M | $175.61M | $459.03M | -$306.98M | $591.40M |
| Capital expenditures | $30.70M | $24.47M | $18.86M | $27.83M | $25.45M | $15.59M | $17.32M | $18.19M | $25.75M | $16.12M | $13.58M | $18.86M |
| Free cash flow | $219.64M | $109.98M | -$11.59M | $772.20M | $344.86M | $347.25M | -$438.10M | $664.32M | $149.86M | $442.91M | -$320.56M | $572.54M |
| Investing cash flow | -$26.49M | -$44.88M | $187.68M | -$69.86M | -$52.41M | -$68.30M | -$119.46M | -$51.58M | -$15.35M | -$41.32M | -$59.36M | -$16.97M |
| Financing cash flow | -$265.71M | -$194.09M | -$257.27M | -$329.52M | -$141.28M | -$185.88M | -$177.19M | -$223.77M | -$284.44M | -$130.20M | -$178.04M | -$312.79M |
| Dividends paid | $24.10M | $24.43M | $25.00M | $23.77M | $24.26M | $24.63M | $24.41M | $23.07M | $23.27M | $23.80M | $23.26M | $22.01M |
| Share repurchases | $204.89M | $179.59M | $50.44M | $246.72M | $199.39M | $181.16M | $23.75M | $203.50M | $243.48M | $180.03M | $56.0K | $322.27M |
| Stock-based compensation | $4.38M | $4.52M | $18.81M | $3.72M | $4.32M | $4.77M | $18.02M | $3.61M | $3.81M | $3.89M | $18.25M | $3.52M |
| Depreciation and amortization | $20.93M | $17.26M | $16.24M | $21.81M | $22.34M | $20.77M | $17.16M | $25.77M | $20.14M | $19.14M | $16.14M | $22.22M |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -9.7% | -7.6% | 15.4% | 2.7% | 8.0% | -3.5% | -4.6% | 10.4% | 1.5% | 13.2% | 9.4% | -18.6% |
| Net income growth, YoY | -24.2% | -26.1% | 18.7% | -6.0% | -1.3% | -26.8% | -25.8% | 6.7% | -9.7% | 50.4% | 25.1% | -30.4% |
| EPS growth, YoY | -20.4% | -22.3% | 25.1% | -1.1% | 3.6% | -23.1% | -22.2% | 12.7% | -3.5% | 59.6% | 32.4% | -27.0% |
| Gross margin | 23.5% | 23.9% | 22.2% | 24.8% | 25.2% | 25.8% | 24.7% | 26.4% | 27.2% | 30.4% | 27.6% | 26.5% |
| Operating margin | 13.5% | 13.7% | 10.2% | 16.5% | 16.6% | 16.4% | 11.8% | 18.3% | 18.2% | 22.0% | 15.8% | 18.5% |
| Net margin | 10.5% | 10.3% | 9.8% | 13.0% | 12.6% | 12.9% | 9.6% | 14.3% | 13.7% | 17.0% | 12.3% | 14.8% |
| Free cash flow margin | 8.3% | 4.3% | -0.5% | 22.6% | 11.7% | 12.7% | -23.6% | 19.9% | 5.5% | 15.6% | -16.5% | 19.0% |
Source: XBRL data Toll Brothers Inc. files with the SEC, latest filing dated Aug 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| TOL | $10.76B | -1.1% | $1.20B | 11.1% | $14.06B |
| DHI | $33.35B | -3.5% | $3.07B | 9.2% | $42.59B |
| LEN | $31.97B | -8.0% | $1.31B | 4.1% | $21.11B |
| KBH | $5.18B | -20.8% | $227.57M | 4.4% | $3.08B |
| HOV | $2.82B | -10.1% | $5.18M | 0.2% | $604.7M |