Toll Brothers, Inc. (TOL)

Toll Brothers Income Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Revenue	10,877	10,847	9,995	10,276	8,790	7,078
Revenue Growth (YoY)	3.26%	8.52%	-2.73%	16.90%	24.20%	-2.02%
Cost of Revenue	8,013	7,760	7,299	7,750	6,821	5,604
Gross Profit	2,863	3,086	2,696	2,526	1,969	1,474
Selling, General & Admin	1,019	982.75	909.35	975.95	920.22	865.95
Operating Expenses	1,019	982.75	909.35	975.95	920.22	865.95
Operating Income	1,844	2,104	1,786	1,550	1,049	607.63
Interest Expense	-	-	-	-	-	-2.44
Interest & Investment Income	32.97	38.5	35.13	6.18	4.32	-
Earnings From Equity Investments	-8.31	-23.84	50.1	23.72	74.04	0.95
Other Non Operating Income (Expenses)	26.72	31.26	4.61	22.16	34.49	23.67
EBT Excluding Unusual Items	1,896	2,149	1,876	1,602	1,162	629.81
Gain (Loss) on Sale of Assets	-	-	-	-	-	12.97
Asset Writedown	-76.21	-63.84	-61.31	-39.54	-26.54	-55.88
Legal Settlements	-	-	27.68	141.23	-	-
Other Unusual Items	-	-	-	-	-35.21	-
Pretax Income	1,819	2,086	1,842	1,704	1,100	586.9
Income Tax Expense	444.28	514.45	470.3	417.23	266.69	140.28
Net Income	1,375	1,571	1,372	1,287	833.63	446.62
Net Income to Common	1,375	1,571	1,372	1,287	833.63	446.62
Net Income Growth	-10.78%	14.51%	6.65%	54.33%	86.65%	-24.30%
Shares Outstanding (Basic)	100	104	110	117	124	130
Shares Outstanding (Diluted)	101	105	111	118	126	131
Shares Change (YoY)	-4.76%	-5.69%	-5.91%	-6.22%	-4.15%	-10.41%
EPS (Basic)	13.72	15.16	12.47	11.02	6.72	3.43
EPS (Diluted)	13.61	15.01	12.36	10.90	6.63	3.40
EPS Growth	-6.31%	21.44%	13.39%	64.40%	95.00%	-15.63%
Free Cash Flow	918.34	936.52	1,193	915.09	1,236	898.55
Free Cash Flow Per Share	9.09	8.95	10.75	7.76	9.83	6.85
Dividend Per Share	0.960	0.900	0.830	0.770	0.620	0.440
Dividend Growth	9.09%	8.43%	7.79%	24.19%	40.91%	-
Gross Margin	26.33%	28.45%	26.97%	24.58%	22.40%	20.82%
Operating Margin	16.96%	19.39%	17.87%	15.08%	11.94%	8.58%
Profit Margin	12.64%	14.49%	13.73%	12.52%	9.48%	6.31%
Free Cash Flow Margin	8.44%	8.63%	11.94%	8.91%	14.06%	12.70%
EBITDA	1,930	2,185	1,863	1,627	1,125	676.51
EBITDA Margin	17.75%	20.14%	18.64%	15.83%	12.80%	9.56%
D&A For EBITDA	86.05	81.2	76.47	76.82	76.25	68.87
EBIT	1,844	2,104	1,786	1,550	1,049	607.63
EBIT Margin	16.96%	19.39%	17.87%	15.08%	11.94%	8.58%
Effective Tax Rate	24.42%	24.67%	25.53%	24.49%	24.24%	23.90%
Revenue as Reported	10,877	10,847	9,995	10,276	8,790	7,078
Advertising Expenses	-	63.1	49.6	42.5	39.1	46.3

Updated Aug 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q