Toll Brothers, Inc. (TOL)

Toll Brothers Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Revenue	10,967	10,847	9,995	10,276	8,790
Revenue Growth (YoY)	1.11%	8.52%	-2.73%	16.90%	24.20%
Cost of Revenue	8,120	7,760	7,299	7,750	6,821
Gross Profit	2,847	3,086	2,696	2,526	1,969
Selling, General & Admin	1,033	982.75	909.35	975.95	920.22
Operating Expenses	1,033	982.75	909.35	975.95	920.22
Operating Income	1,814	2,104	1,786	1,550	1,049
Interest & Investment Income	29.48	38.5	35.13	6.18	4.32
Earnings From Equity Investments	19.05	-23.84	50.1	23.72	74.04
Other Non Operating Income (Expenses)	21.4	31.26	4.61	22.16	34.49
EBT Excluding Unusual Items	1,884	2,149	1,876	1,602	1,162
Asset Writedown	-92.81	-63.84	-61.31	-39.54	-26.54
Legal Settlements	-	-	27.68	141.23	-
Other Unusual Items	-	-	-	-	-35.21
Pretax Income	1,791	2,086	1,842	1,704	1,100
Income Tax Expense	444.89	514.45	470.3	417.23	266.69
Net Income	1,346	1,571	1,372	1,287	833.63
Net Income to Common	1,346	1,571	1,372	1,287	833.63
Net Income Growth	-14.30%	14.51%	6.65%	54.33%	86.65%
Shares Outstanding (Basic)	99	104	110	117	124
Shares Outstanding (Diluted)	100	105	111	118	126
Shares Change (YoY)	-4.69%	-5.69%	-5.91%	-6.22%	-4.15%
EPS (Basic)	13.60	15.16	12.47	11.02	6.72
EPS (Diluted)	13.49	15.01	12.36	10.90	6.63
EPS Growth	-10.13%	21.44%	13.39%	64.40%	95.00%
Free Cash Flow	1,026	936.52	1,193	915.09	1,236
Free Cash Flow Per Share	10.29	8.95	10.75	7.76	9.83
Dividend Per Share	0.980	0.900	0.830	0.770	0.620
Dividend Growth	8.89%	8.43%	7.79%	24.19%	40.91%
Gross Margin	25.96%	28.45%	26.97%	24.58%	22.40%
Operating Margin	16.54%	19.39%	17.87%	15.08%	11.94%
Profit Margin	12.28%	14.49%	13.73%	12.52%	9.48%
Free Cash Flow Margin	9.36%	8.63%	11.94%	8.91%	14.06%
EBITDA	1,896	2,185	1,863	1,627	1,125
EBITDA Margin	17.29%	20.14%	18.64%	15.83%	12.80%
D&A For EBITDA	82.09	81.2	76.47	76.82	76.25
EBIT	1,814	2,104	1,786	1,550	1,049
EBIT Margin	16.54%	19.39%	17.87%	15.08%	11.94%
Effective Tax Rate	24.83%	24.67%	25.53%	24.49%	24.24%
Revenue as Reported	10,967	10,847	9,995	10,276	8,790
Advertising Expenses	77.4	63.1	49.6	42.5	39.1

Updated Dec 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q