Toll Brothers (TOL) Financials

$104.37 -0.68 (-0.65%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$104.50 +0.13 (+0.12%)

As of 05/30/2025 06:30 PM Eastern

Annual Income Statements for Toll Brothers

This table shows Toll Brothers' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/31/2024	10/31/2023	10/31/2022	10/31/2021	10/31/2020	10/31/2019	10/31/2018	10/31/2017	10/31/2016	10/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,571	1,372	1,287	834	447	583	751	535	382	363
Consolidated Net Income / (Loss)	1,571	1,372	1,287	834	447	590	748	535	382	363
Net Income / (Loss) Continuing Operations	1,571	1,372	1,287	834	447	590	748	535	382	363
Total Pre-Tax Income	2,086	1,842	1,704	1,100	587	787	934	814	589	536
Total Operating Income	2,040	1,725	1,509	1,021	550	681	786	647	492	447
Total Gross Profit	3,022	2,634	2,486	1,943	1,418	1,560	1,606	1,253	1,025	902
Total Revenue	10,847	9,995	10,276	8,790	7,078	7,224	7,143	5,815	5,170	4,171
Operating Revenue	10,847	9,995	10,276	8,790	7,078	7,224	7,143	5,815	5,170	4,171
Total Cost of Revenue	7,824	7,361	7,789	6,847	5,660	5,664	5,537	4,562	4,144	3,269
Operating Cost of Revenue	7,824	7,361	7,789	6,847	5,660	5,664	5,537	4,562	4,144	3,269
Total Operating Expenses	982	909	978	922	867	879	820	606	533	455
Selling, General & Admin Expense	982	909	978	922	867	879	820	606	533	455
Total Other Income / (Expense), net	45	118	195	79	37	106	148	167	97	89
Interest & Investment Income	-24	50	24	74	0.95	25	85	116	41	21
Other Income / (Expense), net	69	68	171	41	36	82	62	51	56	68
Income Tax Expense	514	470	417	267	140	197	186	279	207	172
Basic Earnings per Share	$15.16	$12.47	$11.02	$6.72	$3.43	$4.07	$4.92	$3.30	$2.27	$2.06
Weighted Average Basic Shares Outstanding	103.65M	110.02M	116.77M	124.10M	130.10M	145.01M	151.98M	162.22M	168.26M	176.43M
Diluted Earnings per Share	$15.01	$12.36	$10.90	$6.63	$3.40	$4.03	$4.85	$3.17	$2.18	$1.97
Weighted Average Diluted Shares Outstanding	104.69M	111.01M	117.98M	125.81M	131.25M	146.50M	154.20M	169.49M	175.97M	184.70M
Weighted Average Basic & Diluted Shares Outstanding	100.04M	208.22M	221.45M	240.72M	249.68M	138.70M	152.10M	162.30M	168.30M	176.30M
Cash Dividends to Common per Share	$0.90	$0.83	$0.77	$0.62	$0.44	$0.44	$0.41	$0.24	-	-

This table shows Toll Brothers' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Income / (Loss) Attributable to Common Shareholders	178	475	375	482	240	446	415	320	192	641	273
Consolidated Net Income / (Loss)	178	475	375	482	240	446	415	320	192	641	273
Net Income / (Loss) Continuing Operations	178	475	375	482	240	446	415	320	192	641	273
Total Pre-Tax Income	221	621	504	650	311	605	553	431	254	841	366
Total Operating Income	219	611	497	624	308	559	515	426	225	690	362
Total Gross Profit	460	881	742	861	538	800	744	653	437	965	595
Total Revenue	1,859	3,333	2,728	2,837	1,948	3,020	2,688	2,507	1,780	3,712	2,495
Operating Revenue	1,859	3,333	2,728	2,837	1,948	3,020	2,688	2,507	1,780	3,712	2,495
Total Cost of Revenue	1,400	2,453	1,986	1,976	1,409	2,220	1,944	1,854	1,343	2,748	1,900
Operating Cost of Revenue	1,400	2,453	1,986	1,976	1,409	2,220	1,944	1,854	1,343	2,748	1,900
Total Operating Expenses	240	270	245	238	230	241	229	228	211	274	233
Selling, General & Admin Expense	240	270	245	238	230	241	229	228	211	274	233
Total Other Income / (Expense), net	2.25	10	6.44	26	2.75	46	38	4.88	28	151	4.28
Interest & Investment Income	-8.74	-10	-11	5.89	-9.17	29	31	-5.30	-4.43	-4.23	2.98
Other Income / (Expense), net	11	20	17	20	12	17	7.36	10	33	155	1.29
Income Tax Expense	44	146	129	168	72	159	138	110	62	201	92
Basic Earnings per Share	$1.76	$4.64	$3.64	$4.60	$2.28	$4.10	$3.77	$2.88	$1.72	$5.52	$2.37
Weighted Average Basic Shares Outstanding	100.83M	103.65M	102.98M	104.79M	105.12M	110.02M	110.00M	111.21M	111.40M	116.77M	115.33M
Diluted Earnings per Share	$1.75	$4.61	$3.60	$4.55	$2.25	$4.08	$3.73	$2.85	$1.70	$5.46	$2.35
Weighted Average Diluted Shares Outstanding	101.83M	104.69M	104.01M	105.80M	106.27M	111.01M	111.12M	112.18M	112.34M	117.98M	116.33M
Weighted Average Basic & Diluted Shares Outstanding	99.44M	100.04M	201.94M	205.30M	208.34M	208.22M	214.96M	218.68M	221.47M	221.45M	226.66M
Cash Dividends to Common per Share	$0.23	-	$0.23	$0.23	$0.21	-	$0.21	$0.21	$0.20	-	$0.20

This table details how cash moves in and out of Toll Brothers' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/31/2024	10/31/2023	10/31/2022	10/31/2021	10/31/2020	10/31/2019	10/31/2018	10/31/2017	10/31/2016	10/31/2015
Net Change in Cash & Equivalents	33	-54	-286	288	77	2,265	3,348	2,408	-285	333
Net Cash From Operating Activities	1,010	1,266	987	1,303	1,008	2,092	3,481	3,293	2,704	2,119
Net Cash From Continuing Operating Activities	1,010	1,266	987	1,303	1,008	2,092	588	862	151	60
Net Income / (Loss) Continuing Operations	1,571	1,372	1,287	834	447	590	748	535	382	363
Consolidated Net Income / (Loss)	1,571	1,372	1,287	834	447	590	748	535	382	363
Depreciation Expense	81	76	77	76	69	72	25	25	23	24
Non-Cash Adjustments To Reconcile Net Income	80	214	124	36	80	1,693	27	173	-120	20
Changes in Operating Assets and Liabilities, net	-723	-396	-501	357	412	242	-212	128	-134	-347
Net Cash From Investing Activities	-168	-151	-153	-4.24	-178	-158	81	-7.69	8.21	-53
Net Cash From Continuing Investing Activities	-161	-151	-154	-5.54	-179	-158	81	-7.69	8.21	-53
Purchase of Property, Plant & Equipment	-74	-73	-72	-67	-110	-	-28	-29	-28	-9.45
Acquisitions	-193	-216	-227	-222	-132	-	-27	-205	-70	-124
Sale of Property, Plant & Equipment	1.14	26	28	80	16	87	0.00	0.00	-	-
Sale and/or Maturity of Investments	101	113	117	204	47	148	138	227	107	79
Other Investing Activities, net	3.24	0.00	-0.20	-0.65	-0.70	-	-	-	-	-
Net Cash From Financing Activities	-816	-1,170	-1,120	-1,011	-753	330	-214	-878	-444	325
Net Cash From Continuing Financing Activities	-816	-1,170	-1,120	-1,011	-753	330	-214	-878	-444	325
Repayment of Debt	-3,845	-3,645	-4,766	-3,719	-4,113	-	-2,694	-2,691	-2,502	-1,963
Repurchase of Common Equity	-627	-562	-543	-378	-634	-	-503	-291	-393	-57
Payment of Dividends	-93	-91	-115	-82	-58	64	-62	-39	0.40	-0.79
Issuance of Debt	3,745	3,079	4,305	3,158	4,027	5,571	3,031	2,077	2,443	2,304
Other Financing Activities, net	4.13	48	-0.69	10	25	-	13	66	6.99	41

This table details how cash moves in and out of Toll Brothers' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Change in Cash & Equivalents	-717	414	-124	288	-544	262	273	-29	-560	1,002	-191
Net Cash From Operating Activities	-421	683	176	459	-307	591	529	503	-358	1,233	-42
Net Cash From Continuing Operating Activities	-421	683	176	459	-307	591	529	503	-358	1,233	-42
Net Income / (Loss) Continuing Operations	178	475	375	482	240	446	415	320	192	641	273
Consolidated Net Income / (Loss)	178	475	375	482	240	446	415	320	192	641	273
Depreciation Expense	17	26	20	19	16	22	20	19	15	24	20
Non-Cash Adjustments To Reconcile Net Income	148	-7.46	32	-15	71	-9.17	49	23	152	-42	35
Changes in Operating Assets and Liabilities, net	-764	189	-251	-26	-634	133	46	142	-717	612	-370
Net Cash From Investing Activities	-119	-52	-15	-41	-59	-17	-34	-30	-69	-58	-23
Net Cash From Continuing Investing Activities	-119	-45	-15	-41	-59	-17	-34	-30	-69	-59	-23
Purchase of Property, Plant & Equipment	-17	-18	-26	-16	-14	-19	-15	-20	-20	-15	-17
Acquisitions	-119	-59	-35	-41	-59	-54	-45	-43	-75	-50	-55
Sale and/or Maturity of Investments	18	27	45	16	13	39	25	33	16	7.12	21
Other Investing Activities, net	-1.81	4.22	-0.26	-	0.00	-	-	-	-	-0.39	-
Net Cash From Financing Activities	-177	-224	-284	-130	-178	-313	-222	-503	-133	-173	-127
Net Cash From Continuing Financing Activities	-177	-226	-283	-130	-178	-313	-222	-503	-133	-175	-125
Repayment of Debt	-930	-979	-1,095	-881	-890	-636	-832	-1,348	-829	-1,347	-1,130
Repurchase of Common Equity	-24	-204	-243	-180	-0.06	-322	-146	-84	-9.36	-159	-100
Payment of Dividends	-24	-23	-23	-24	-23	-22	-23	-23	-23	-22	-23
Issuance of Debt	823	976	1,076	949	745	666	760	949	704	1,354	1,125
Other Financing Activities, net	-23	-	-	5.74	-9.28	1.18	19	3.43	25	-	-

This table presents Toll Brothers' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/31/2024	10/31/2023	10/31/2022	10/31/2021	10/31/2020	10/31/2019	10/31/2018	10/31/2017	10/31/2016	10/31/2015
Total Assets	13,368	12,527	12,289	11,538	11,066	10,828	10,245	9,445	9,737	9,207
Total Current Assets	11,607	11,049	10,827	10,292	10,010	9,895	9,331	8,539	8,570	8,262
Cash & Equivalents	1,303	1,300	1,347	1,638	1,371	1,286	1,182	713	634	919
Accounts Receivable	591	691	747	738	956	715	551	545	583	336
Inventories, net	9,713	9,058	8,733	7,916	7,659	7,873	7,598	7,281	7,354	6,998
Plant, Property, & Equipment, net	453	324	288	310	316	273	193	190	170	137
Total Noncurrent Assets	1,308	1,154	1,174	935	740	659	720	717	997	807
Long-Term Investments	1,007	959	852	599	431	366	432	482	528	430
Noncurrent Note & Lease Receivables	191	111	185	247	232	219	171	133	249	123
Other Noncurrent Operating Assets	110	85	136	89	77	74	118	102	53	56
Total Liabilities & Shareholders' Equity	13,368	12,527	12,289	11,538	11,066	10,828	10,245	9,445	9,737	9,207
Total Liabilities	5,681	5,714	6,267	6,197	6,138	5,709	5,476	4,908	5,502	4,978
Total Current Liabilities	2,998	2,953	3,086	2,782	2,329	1,788	1,928	1,808	1,936	1,288
Short-Term Debt	150	100	149	148	149	-	150	120	210	100
Accounts Payable	492	598	619	562	411	349	362	275	282	237
Accrued Expenses	1,753	1,549	1,346	1,220	1,110	951	974	959	1,072	608
Customer Deposits	489	541	681	636	459	386	411	396	309	284
Current Deferred & Payable Income Tax Liabilities	115	166	291	215	199	103	31	58	63	59
Total Noncurrent Liabilities	2,683	2,760	3,181	3,416	3,810	3,921	3,548	3,100	3,565	3,690
Long-Term Debt	2,683	2,760	3,181	3,416	3,810	3,921	3,548	3,100	3,565	3,690
Total Equity & Noncontrolling Interests	7,687	6,813	6,022	5,340	4,927	5,119	4,769	4,537	4,235	4,228
Total Preferred & Common Equity	7,671	6,797	6,006	5,295	4,875	5,072	4,760	4,531	4,229	4,223
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	7,671	6,797	6,006	5,295	4,875	5,072	4,760	4,531	4,229	4,223
Common Stock	696	700	718	716	719	728	729	722	730	730
Retained Earnings	8,153	6,676	6,167	4,970	5,164	4,774	5,162	4,474	3,977	3,595
Treasury Stock	-1,210	-619	-916	-392	-1,000	-425	-1,131	-663	-475	-100
Accumulated Other Comprehensive Income / (Loss)	31	41	38	1.11	-7.20	-5.83	0.69	-1.91	-3.34	-2.51
Noncontrolling Interest	16	16	16	45	52	47	8.71	5.90	5.91	5.52

This table presents Toll Brothers' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	1/31/2025	7/31/2024	4/30/2024	1/31/2024	7/31/2023	4/30/2023	1/31/2023	7/31/2022
Total Assets	13,622	13,360	13,250	12,522	12,354	11,989	11,985	11,743
Total Current Assets	11,848	11,669	11,682	11,038	10,976	10,567	10,567	10,398
Cash & Equivalents	575	893	1,031	755	1,033	762	792	316
Accounts Receivable	596	578	724	702	740	698	676	645
Inventories, net	10,678	10,198	9,927	9,581	9,204	9,108	9,099	9,409
Plant, Property, & Equipment, net	455	459	321	322	294	298	294	288
Total Noncurrent Assets	1,319	1,231	1,247	1,162	1,172	1,208	1,124	1,057
Long-Term Investments	1,107	984	1,002	996	990	972	909	768
Noncurrent Note & Lease Receivables	100	138	136	73	80	113	83	121
Other Noncurrent Operating Assets	113	110	109	93	102	124	133	168
Total Liabilities & Shareholders' Equity	13,622	13,360	13,250	12,522	12,354	11,989	11,985	11,743
Total Liabilities	5,811	5,929	5,926	5,486	5,643	5,554	5,768	6,204
Total Current Liabilities	3,155	3,232	3,216	2,826	2,884	2,822	2,627	3,009
Short-Term Debt	90	125	128	63	71	102	71	114
Accounts Payable	651	675	694	610	572	551	510	626
Accrued Expenses	1,831	1,778	1,637	1,464	1,458	1,334	1,251	1,228
Customer Deposits	518	524	543	534	620	663	665	812
Current Deferred & Payable Income Tax Liabilities	65	130	215	154	164	172	129	229
Total Noncurrent Liabilities	2,656	2,697	2,710	2,661	2,759	2,732	3,141	3,195
Long-Term Debt	2,656	2,697	2,710	2,661	2,759	2,732	3,141	3,195
Total Equity & Noncontrolling Interests	7,811	7,431	7,324	7,036	6,710	6,436	6,217	5,539
Total Preferred & Common Equity	7,796	7,415	7,308	7,019	6,693	6,420	6,201	5,523
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	7,796	7,415	7,308	7,019	6,693	6,420	6,201	5,523
Common Stock	676	694	690	687	697	699	697	717
Retained Earnings	8,308	7,701	7,350	6,893	7,024	6,633	6,336	5,548
Treasury Stock	-1,218	-1,016	-772	-598	-1,067	-945	-866	-759
Accumulated Other Comprehensive Income / (Loss)	30	36	40	37	39	34	34	17
Noncontrolling Interest	16	16	16	16	17	16	16	16

This table displays calculated financial ratios and metrics derived from Toll Brothers' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	10/31/2024	10/31/2023	10/31/2022	10/31/2021	10/31/2020	10/31/2019	10/31/2018	10/31/2017	10/31/2016	10/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.52%	-2.73%	16.90%	24.20%	-2.03%	1.13%	22.84%	12.49%	23.93%	6.64%
EBITDA Growth	17.23%	6.37%	54.41%	73.75%	-21.53%	-4.52%	20.78%	26.64%	6.21%	10.60%
EBIT Growth	17.70%	6.68%	58.27%	81.16%	-23.13%	-10.18%	21.54%	27.35%	6.58%	11.01%
NOPAT Growth	19.66%	12.75%	47.29%	84.71%	-17.94%	-18.98%	47.99%	33.26%	5.39%	13.19%
Net Income Growth	14.51%	6.65%	54.33%	86.65%	-24.30%	-21.14%	39.71%	40.15%	5.21%	6.80%
EPS Growth	21.44%	13.39%	64.40%	95.00%	-15.63%	-16.91%	53.00%	45.41%	10.66%	7.07%
Operating Cash Flow Growth	-20.24%	28.34%	-24.27%	29.26%	-51.82%	-39.90%	5.69%	21.78%	27.63%	8.66%
Free Cash Flow Firm Growth	-27.37%	56.55%	-45.21%	64.96%	3,058.90%	-107.20%	-52.37%	448.77%	151.43%	80.45%
Invested Capital Growth	10.72%	3.67%	7.30%	-5.90%	-4.11%	7.80%	4.43%	-4.19%	2.85%	9.10%
Revenue Q/Q Growth	2.97%	-6.48%	6.98%	5.98%	2.41%	-1.04%	6.36%	3.06%	8.80%	2.12%
EBITDA Q/Q Growth	2.77%	-12.67%	28.69%	19.26%	1.12%	-9.29%	8.27%	25.81%	-9.92%	5.39%
EBIT Q/Q Growth	2.70%	-13.08%	30.28%	20.91%	1.00%	-11.56%	8.60%	26.85%	-10.36%	5.74%
NOPAT Q/Q Growth	3.82%	-8.22%	20.80%	21.18%	7.24%	-16.24%	14.66%	26.55%	-10.74%	5.49%
Net Income Q/Q Growth	1.94%	-12.44%	26.09%	26.57%	-0.67%	-15.55%	18.93%	16.92%	-7.90%	4.50%
EPS Q/Q Growth	3.66%	-10.04%	29.30%	28.99%	3.03%	-13.70%	22.47%	18.28%	-6.03%	4.79%
Operating Cash Flow Q/Q Growth	9.91%	-33.64%	62.29%	227.59%	-57.96%	-45.59%	13.92%	-3.76%	22.54%	2.91%
Free Cash Flow Firm Q/Q Growth	4.46%	-34.36%	83.75%	10.18%	128.19%	-108.26%	53.46%	15.06%	165.92%	-1,507.12%
Invested Capital Q/Q Growth	-1.99%	-2.52%	-7.88%	-7.11%	-7.03%	-2.09%	-5.24%	-4.94%	-4.69%	0.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.87%	26.36%	24.20%	22.10%	20.03%	21.60%	22.49%	21.54%	19.84%	21.62%
EBITDA Margin	20.20%	18.70%	17.10%	12.94%	9.25%	11.55%	12.23%	12.44%	11.05%	12.90%
Operating Margin	18.81%	17.26%	14.68%	11.61%	7.77%	9.42%	11.01%	11.13%	9.52%	10.71%
EBIT Margin	19.45%	17.93%	16.35%	12.08%	8.28%	10.55%	11.88%	12.01%	10.61%	12.33%
Profit (Net Income) Margin	14.49%	13.73%	12.52%	9.48%	6.31%	8.17%	10.47%	9.21%	7.39%	8.71%
Tax Burden Percent	75.33%	74.47%	75.51%	75.76%	76.10%	74.95%	80.11%	65.76%	64.87%	67.81%
Interest Burden Percent	98.87%	102.80%	101.41%	103.66%	100.16%	103.26%	110.04%	116.62%	107.43%	104.11%
Effective Tax Rate	24.67%	25.53%	24.49%	24.24%	23.90%	25.05%	19.89%	34.24%	35.13%	32.19%
Return on Invested Capital (ROIC)	19.67%	17.64%	16.49%	11.25%	5.79%	7.17%	9.39%	6.35%	4.73%	4.75%
ROIC Less NNEP Spread (ROIC-NNEP)	25.77%	27.75%	28.49%	14.71%	7.05%	10.83%	15.15%	11.08%	7.21%	7.32%
Return on Net Nonoperating Assets (RNNOA)	2.00%	3.74%	6.16%	4.99%	3.10%	4.77%	6.69%	5.86%	4.30%	4.23%
Return on Equity (ROE)	21.67%	21.38%	22.65%	16.24%	8.89%	11.93%	16.08%	12.21%	9.03%	8.98%
Cash Return on Invested Capital (CROIC)	9.50%	14.03%	9.45%	17.33%	9.98%	-0.34%	5.06%	10.62%	1.92%	-3.95%
Operating Return on Assets (OROA)	16.29%	14.44%	14.10%	9.39%	5.35%	7.24%	8.62%	7.28%	5.79%	5.84%
Return on Assets (ROA)	12.14%	11.06%	10.80%	7.38%	4.08%	5.60%	7.60%	5.58%	4.03%	4.13%
Return on Common Equity (ROCE)	21.62%	21.33%	22.52%	16.08%	8.80%	11.87%	16.05%	12.19%	9.02%	8.97%
Return on Equity Simple (ROE_SIMPLE)	20.48%	20.19%	21.42%	15.74%	9.16%	11.63%	15.72%	11.82%	9.03%	8.60%
Net Operating Profit after Tax (NOPAT)	1,537	1,284	1,139	773	419	510	630	426	319	303
NOPAT Margin	14.17%	12.85%	11.09%	8.80%	5.92%	7.06%	8.82%	7.32%	6.18%	7.26%
Net Nonoperating Expense Percent (NNEP)	-6.09%	-10.12%	-12.00%	-3.46%	-1.26%	-3.66%	-5.76%	-4.74%	-2.49%	-2.57%
Return On Investment Capital (ROIC_SIMPLE)	14.61%	13.28%	12.18%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	72.13%	73.64%	75.80%	77.90%	79.97%	78.40%	77.51%	78.46%	80.16%	78.38%
SG&A Expenses to Revenue	9.06%	9.10%	9.52%	10.49%	12.26%	12.17%	11.48%	10.41%	10.31%	10.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.06%	9.10%	9.52%	10.49%	12.26%	12.17%	11.48%	10.41%	10.31%	10.91%
Earnings before Interest and Taxes (EBIT)	2,109	1,792	1,680	1,061	586	762	849	698	548	514
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,191	1,869	1,757	1,138	655	834	874	724	571	538
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.93	1.11	0.80	1.34	1.05	1.04	0.97	1.48	0.97	1.38
Price to Tangible Book Value (P/TBV)	1.93	1.11	0.80	1.34	1.05	1.04	0.97	1.48	0.97	1.38
Price to Revenue (P/Rev)	1.36	0.75	0.47	0.81	0.72	0.73	0.65	1.15	0.80	1.39
Price to Earnings (P/E)	9.41	5.50	3.72	8.49	11.41	9.02	6.15	12.54	10.79	15.99
Dividend Yield	0.61%	1.18%	1.82%	1.07%	1.09%	1.17%	1.31%	0.57%	0.00%	0.00%
Earnings Yield	10.63%	18.19%	26.90%	11.78%	8.76%	11.09%	16.26%	7.98%	9.27%	6.25%
Enterprise Value to Invested Capital (EV/IC)	1.87	1.10	0.83	1.27	1.03	1.03	0.98	1.33	0.98	1.24
Enterprise Value to Revenue (EV/Rev)	1.41	0.82	0.58	0.96	1.03	1.05	0.94	1.50	1.30	1.98
Enterprise Value to EBITDA (EV/EBITDA)	7.00	4.37	3.37	7.42	11.16	9.08	7.68	12.09	11.80	15.32
Enterprise Value to EBIT (EV/EBIT)	7.26	4.55	3.53	7.96	12.47	9.94	7.91	12.52	12.30	16.02
Enterprise Value to NOPAT (EV/NOPAT)	9.97	6.35	5.20	10.92	17.45	14.85	10.66	20.55	21.11	27.20
Enterprise Value to Operating Cash Flow (EV/OCF)	15.17	6.44	6.01	6.48	7.25	3.62	1.93	2.66	2.49	3.89
Enterprise Value to Free Cash Flow (EV/FCFF)	20.64	7.98	9.08	7.09	10.11	0.00	19.78	12.28	51.94	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.42	0.55	0.67	0.80	0.77	0.78	0.71	0.89	0.90
Long-Term Debt to Equity	0.35	0.41	0.53	0.64	0.77	0.77	0.74	0.68	0.84	0.87
Financial Leverage	0.08	0.13	0.22	0.34	0.44	0.44	0.44	0.53	0.60	0.58
Leverage Ratio	1.79	1.93	2.10	2.20	2.18	2.13	2.12	2.19	2.24	2.18
Compound Leverage Factor	1.77	1.99	2.13	2.28	2.18	2.20	2.33	2.55	2.40	2.27
Debt to Total Capital	26.93%	29.57%	35.60%	40.02%	44.55%	43.38%	43.68%	41.51%	47.13%	47.27%
Short-Term Debt to Total Capital	1.43%	1.03%	1.59%	1.66%	1.67%	0.00%	1.77%	1.55%	2.62%	1.25%
Long-Term Debt to Total Capital	25.50%	28.54%	34.01%	38.36%	42.87%	43.38%	41.91%	39.96%	44.51%	46.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.15%	0.17%	0.17%	0.51%	0.59%	0.52%	0.10%	0.08%	0.07%	0.07%
Common Equity to Total Capital	72.92%	70.26%	64.23%	59.47%	54.87%	56.10%	56.22%	58.41%	52.80%	52.66%
Debt to EBITDA	1.29	1.53	1.90	3.13	6.04	4.70	4.23	4.45	6.61	7.05
Net Debt to EBITDA	0.24	0.32	0.64	1.17	3.29	2.72	2.38	2.80	4.57	4.52
Long-Term Debt to EBITDA	1.22	1.48	1.81	3.00	5.82	4.70	4.06	4.28	6.24	6.86
Debt to NOPAT	1.84	2.23	2.92	4.61	9.45	7.68	5.87	7.57	11.82	12.51
Net Debt to NOPAT	0.34	0.47	0.99	1.71	5.15	4.45	3.31	4.76	8.19	8.02
Long-Term Debt to NOPAT	1.75	2.15	2.79	4.42	9.10	7.68	5.63	7.28	11.16	12.18
Altman Z-Score	4.52	3.58	3.20	3.13	2.80	2.97	3.05	3.20	2.56	2.79
Noncontrolling Interest Sharing Ratio	0.22%	0.25%	0.54%	0.95%	0.99%	0.56%	0.16%	0.13%	0.14%	0.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.87	3.74	3.51	3.70	4.30	5.53	4.84	4.72	4.43	6.41
Quick Ratio	0.63	0.67	0.68	0.85	1.00	1.12	0.90	0.70	0.63	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	742	1,022	653	1,192	722	-24	339	712	130	-252
Operating Cash Flow to CapEx	1,393.26%	2,699.59%	2,272.88%	0.00%	1,073.07%	0.00%	12,329.90%	11,407.09%	9,514.03%	22,430.80%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	33.84	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	37.01	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	37.39	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.84	0.81	0.86	0.78	0.65	0.69	0.73	0.61	0.55	0.47
Accounts Receivable Turnover	16.92	13.90	13.84	10.38	8.47	11.41	13.04	10.32	11.26	14.66
Inventory Turnover	0.83	0.83	0.94	0.88	0.73	0.73	0.74	0.62	0.58	0.48
Fixed Asset Turnover	27.92	32.67	34.35	28.06	24.01	30.96	37.32	32.38	33.75	29.82
Accounts Payable Turnover	14.36	12.10	13.18	14.06	14.89	15.94	17.38	16.38	15.97	14.14
Days Sales Outstanding (DSO)	21.57	26.27	26.38	35.18	43.11	31.99	27.99	35.38	32.43	24.89
Days Inventory Outstanding (DIO)	437.82	441.10	390.09	415.10	500.81	498.51	490.45	585.44	632.02	752.93
Days Payable Outstanding (DPO)	25.42	30.17	27.69	25.96	24.51	22.90	21.01	22.29	22.85	25.81
Cash Conversion Cycle (CCC)	433.97	437.19	388.78	424.32	519.41	507.60	497.43	598.54	641.60	752.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,209	7,415	7,152	6,666	7,084	7,388	6,853	6,563	6,849	6,660
Invested Capital Turnover	1.39	1.37	1.49	1.28	0.98	1.01	1.06	0.87	0.77	0.65
Increase / (Decrease) in Invested Capital	795	262	486	-418	-304	535	291	-287	190	555
Enterprise Value (EV)	15,325	8,161	5,929	8,447	7,305	7,579	6,712	8,745	6,741	8,243
Market Capitalization	14,786	7,543	4,783	7,076	5,096	5,263	4,620	6,714	4,121	5,806
Book Value per Share	$75.97	$63.24	$53.00	$43.50	$38.64	$36.12	$32.30	$28.63	$25.79	$23.96
Tangible Book Value per Share	$75.97	$63.24	$53.00	$43.50	$38.64	$36.12	$32.30	$28.63	$25.79	$23.96
Total Capital	10,520	9,674	9,351	8,903	8,886	9,040	8,467	7,757	8,011	8,018
Total Debt	2,833	2,860	3,329	3,563	3,958	3,921	3,698	3,220	3,775	3,790
Total Long-Term Debt	2,683	2,760	3,181	3,416	3,810	3,921	3,548	3,100	3,565	3,690
Net Debt	522	601	1,130	1,325	2,157	2,269	2,084	2,025	2,614	2,432
Capital Expenditures (CapEx)	73	47	43	-14	94	-87	28	29	28	9.45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	7,455	6,895	6,543	6,020	6,459	6,821	6,371	6,138	6,211	6,145
Debt-free Net Working Capital (DFNWC)	8,758	8,196	7,890	7,658	7,830	8,107	7,554	6,851	6,844	7,074
Net Working Capital (NWC)	8,608	8,095	7,741	7,511	7,681	8,107	7,404	6,731	6,634	6,974
Net Nonoperating Expense (NNE)	-34	-88	-147	-60	-28	-80	-118	-110	-63	-60
Net Nonoperating Obligations (NNO)	522	601	1,130	1,325	2,157	2,269	2,084	2,025	2,614	2,432
Total Depreciation and Amortization (D&A)	81	76	77	76	69	72	25	25	23	24
Debt-free, Cash-free Net Working Capital to Revenue	68.73%	68.99%	63.68%	68.48%	91.26%	94.42%	89.20%	105.55%	120.14%	147.32%
Debt-free Net Working Capital to Revenue	80.75%	82.00%	76.78%	87.12%	110.63%	112.23%	105.75%	117.81%	132.40%	169.59%
Net Working Capital to Revenue	79.36%	81.00%	75.33%	85.44%	108.53%	112.23%	103.65%	115.75%	128.34%	167.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$15.16	$12.47	$11.02	$6.72	$3.43	$4.07	$4.92	$3.30	$2.27	$2.06
Adjusted Weighted Average Basic Shares Outstanding	103.65M	110.02M	116.77M	124.10M	130.10M	145.01M	151.98M	162.22M	168.26M	176.43M
Adjusted Diluted Earnings per Share	$15.01	$12.36	$10.90	$6.63	$3.40	$4.03	$4.85	$3.17	$2.18	$1.97
Adjusted Weighted Average Diluted Shares Outstanding	104.69M	111.01M	117.98M	125.81M	131.25M	146.50M	154.20M	169.49M	175.97M	184.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$4.07	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	100.04M	208.22M	221.45M	240.72M	249.68M	138.70M	145.50M	153.17M	162.40M	174.32M
Normalized Net Operating Profit after Tax (NOPAT)	1,537	1,284	1,139	773	419	510	630	426	319	303
Normalized NOPAT Margin	14.17%	12.85%	11.09%	8.80%	5.92%	7.06%	8.82%	7.32%	6.18%	7.26%
Pre Tax Income Margin	19.23%	18.43%	16.58%	12.52%	8.29%	10.90%	13.07%	14.00%	11.39%	12.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	30.15	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	21.97	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	30.53	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	22.35	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.93%	6.64%	8.91%	9.85%	13.05%	-10.79%	8.24%	7.21%	-0.11%	0.22%
Augmented Payout Ratio	45.84%	47.57%	51.10%	55.22%	155.02%	-10.79%	75.50%	61.53%	102.69%	15.88%

This table displays calculated financial ratios and metrics derived from Toll Brothers' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.55%	10.37%	1.50%	13.18%	9.42%	-18.64%	7.73%	10.07%	-0.61%	22.05%	10.61%
EBITDA Growth	-26.51%	9.87%	-1.54%	45.88%	22.93%	-31.19%	41.79%	45.80%	41.48%	82.07%	24.45%
EBIT Growth	-28.16%	9.63%	-1.59%	47.72%	24.05%	-31.90%	43.94%	48.83%	44.44%	85.82%	26.58%
NOPAT Growth	-25.92%	13.69%	-4.28%	45.98%	39.64%	-21.73%	42.95%	50.73%	28.40%	59.22%	26.13%
Net Income Growth	-25.82%	6.71%	-9.69%	50.40%	25.08%	-30.44%	51.68%	45.16%	26.09%	71.12%	16.40%
EPS Growth	-22.22%	12.99%	-3.49%	59.65%	32.35%	-25.27%	58.72%	54.05%	37.10%	82.61%	25.67%
Operating Cash Flow Growth	-37.07%	15.41%	-66.83%	-8.80%	14.19%	-52.05%	1,370.94%	564.68%	-27.46%	44.31%	-109.89%
Free Cash Flow Firm Growth	-1,521.32%	-319.35%	-173.53%	-128.41%	88.44%	278.93%	271.37%	298.94%	-4,525.66%	-94.74%	-148.27%
Invested Capital Growth	10.83%	10.72%	10.12%	6.67%	3.62%	3.67%	-2.03%	2.08%	7.49%	7.30%	8.19%
Revenue Q/Q Growth	-44.23%	22.20%	-3.86%	45.67%	-35.50%	12.37%	7.21%	40.83%	-52.04%	48.79%	9.54%
EBITDA Q/Q Growth	-62.35%	22.95%	-19.42%	97.05%	-43.72%	10.19%	19.39%	66.05%	-68.50%	127.05%	22.76%
EBIT Q/Q Growth	-63.54%	22.75%	-20.15%	101.01%	-44.36%	10.18%	19.86%	68.80%	-69.45%	132.91%	23.93%
NOPAT Q/Q Growth	-62.39%	26.48%	-19.98%	94.64%	-42.28%	6.48%	22.04%	86.19%	-67.65%	94.48%	28.68%
Net Income Q/Q Growth	-62.62%	26.91%	-22.22%	101.04%	-46.23%	7.41%	29.53%	67.19%	-70.10%	134.23%	23.97%
EPS Q/Q Growth	-62.04%	28.06%	-20.88%	102.22%	-44.85%	9.38%	30.88%	67.65%	-68.86%	132.34%	27.03%
Operating Cash Flow Q/Q Growth	-161.65%	288.65%	-61.74%	249.53%	-151.91%	11.70%	5.19%	240.69%	-129.01%	3,060.82%	-155.01%
Free Cash Flow Firm Q/Q Growth	-111.53%	18.27%	-773.82%	-7.32%	-128.62%	-72.60%	237.58%	143.69%	-1,037.85%	112.39%	-885.88%
Invested Capital Q/Q Growth	8.12%	-1.99%	3.05%	1.49%	8.01%	-2.52%	-0.19%	-1.40%	8.06%	-7.88%	4.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.72%	26.42%	27.20%	30.35%	27.64%	26.49%	27.69%	26.06%	24.54%	25.99%	23.83%
EBITDA Margin	13.30%	19.71%	19.59%	23.37%	17.27%	19.80%	20.19%	18.13%	15.38%	23.41%	15.34%
Operating Margin	11.79%	18.33%	18.23%	21.97%	15.83%	18.50%	19.17%	16.98%	12.66%	18.59%	14.50%
EBIT Margin	12.38%	18.93%	18.85%	22.69%	16.45%	19.06%	19.44%	17.39%	14.51%	22.77%	14.55%
Profit (Net Income) Margin	9.56%	14.26%	13.73%	16.97%	12.30%	14.75%	15.43%	12.77%	10.76%	17.26%	10.96%
Tax Burden Percent	80.27%	76.55%	74.38%	74.12%	76.99%	73.65%	75.00%	74.37%	75.47%	76.15%	74.73%
Interest Burden Percent	96.20%	98.41%	97.96%	100.91%	97.14%	105.09%	105.85%	98.78%	98.28%	99.50%	100.82%
Effective Tax Rate	19.73%	23.45%	25.62%	25.88%	23.01%	26.35%	25.00%	25.63%	24.53%	23.85%	25.27%
Return on Invested Capital (ROIC)	12.06%	19.48%	17.87%	21.70%	15.74%	18.69%	19.99%	17.57%	13.14%	21.06%	13.93%
ROIC Less NNEP Spread (ROIC-NNEP)	12.23%	20.85%	18.39%	23.66%	15.91%	22.64%	21.81%	17.79%	14.41%	30.42%	14.08%
Return on Net Nonoperating Assets (RNNOA)	1.68%	1.62%	2.39%	3.42%	2.98%	3.05%	5.56%	4.92%	4.25%	6.57%	5.72%
Return on Equity (ROE)	13.74%	21.10%	20.26%	25.12%	18.73%	21.75%	25.55%	22.49%	17.40%	27.63%	19.65%
Cash Return on Invested Capital (CROIC)	7.20%	9.50%	8.89%	12.56%	13.61%	14.03%	20.26%	14.96%	8.55%	9.45%	4.76%
Operating Return on Assets (OROA)	10.19%	15.86%	15.44%	18.87%	13.64%	15.35%	17.24%	15.51%	12.80%	19.64%	12.15%
Return on Assets (ROA)	7.87%	11.95%	11.25%	14.11%	10.20%	11.88%	13.69%	11.39%	9.49%	14.88%	9.15%
Return on Common Equity (ROCE)	13.71%	21.05%	20.22%	25.07%	18.68%	21.69%	25.48%	22.43%	17.30%	27.48%	19.53%
Return on Equity Simple (ROE_SIMPLE)	19.36%	0.00%	20.79%	21.64%	20.23%	0.00%	23.41%	22.21%	21.38%	0.00%	18.47%
Net Operating Profit after Tax (NOPAT)	176	468	370	462	237	411	386	317	170	526	270
NOPAT Margin	9.46%	14.03%	13.56%	16.29%	12.19%	13.62%	14.38%	12.63%	9.55%	14.16%	10.83%
Net Nonoperating Expense Percent (NNEP)	-0.18%	-1.36%	-0.52%	-1.96%	-0.17%	-3.94%	-1.82%	-0.22%	-1.26%	-9.36%	-0.15%
Return On Investment Capital (ROIC_SIMPLE)	1.67%	4.45%	-	-	2.43%	4.25%	-	-	-	5.62%	-
Cost of Revenue to Revenue	75.28%	73.58%	72.80%	69.65%	72.36%	73.51%	72.31%	73.94%	75.46%	74.01%	76.17%
SG&A Expenses to Revenue	12.93%	8.09%	8.97%	8.38%	11.81%	7.99%	8.52%	9.08%	11.88%	7.39%	9.33%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.93%	8.09%	8.97%	8.38%	11.81%	7.99%	8.52%	9.08%	11.88%	7.39%	9.33%
Earnings before Interest and Taxes (EBIT)	230	631	514	644	320	576	522	436	258	845	363
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	247	657	534	663	336	598	543	455	274	869	383
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.74	1.93	1.98	1.69	1.51	1.11	1.30	1.09	1.05	0.80	1.00
Price to Tangible Book Value (P/TBV)	1.74	1.93	1.98	1.69	1.51	1.11	1.30	1.09	1.05	0.80	1.00
Price to Revenue (P/Rev)	1.26	1.36	1.39	1.18	1.04	0.75	0.81	0.67	0.63	0.47	0.58
Price to Earnings (P/E)	9.00	9.41	9.50	7.83	7.47	5.50	5.56	4.91	4.89	3.72	5.41
Dividend Yield	0.68%	0.61%	0.62%	0.72%	0.85%	1.18%	1.03%	1.28%	1.37%	1.82%	1.54%
Earnings Yield	11.11%	10.63%	10.52%	12.77%	13.40%	18.19%	18.00%	20.38%	20.44%	26.90%	18.47%
Enterprise Value to Invested Capital (EV/IC)	1.65	1.87	1.86	1.62	1.45	1.10	1.25	1.06	1.04	0.83	1.00
Enterprise Value to Revenue (EV/Rev)	1.36	1.41	1.48	1.26	1.14	0.82	0.89	0.77	0.78	0.58	0.81
Enterprise Value to EBITDA (EV/EBITDA)	6.98	7.00	7.32	6.17	6.00	4.37	4.45	4.10	4.36	3.37	5.69
Enterprise Value to EBIT (EV/EBIT)	7.26	7.26	7.60	6.40	6.25	4.55	4.62	4.26	4.56	3.53	6.02
Enterprise Value to NOPAT (EV/NOPAT)	9.94	9.97	10.54	8.82	8.58	6.35	6.81	6.32	6.81	5.20	8.23
Enterprise Value to Operating Cash Flow (EV/OCF)	16.36	15.17	16.99	10.37	8.80	6.44	4.99	6.07	8.81	6.01	12.77
Enterprise Value to Free Cash Flow (EV/FCFF)	24.12	20.64	21.97	13.35	10.82	7.98	6.12	7.19	12.57	9.08	21.85
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.37	0.38	0.39	0.39	0.42	0.42	0.44	0.52	0.55	0.60
Long-Term Debt to Equity	0.34	0.35	0.36	0.37	0.38	0.41	0.41	0.42	0.51	0.53	0.58
Financial Leverage	0.14	0.08	0.13	0.14	0.19	0.13	0.25	0.28	0.30	0.22	0.41
Leverage Ratio	1.76	1.79	1.82	1.83	1.85	1.93	1.97	1.99	2.02	2.10	2.17
Compound Leverage Factor	1.69	1.76	1.78	1.85	1.80	2.03	2.08	1.97	1.99	2.09	2.18
Debt to Total Capital	26.01%	26.93%	27.52%	27.92%	27.91%	29.57%	29.66%	30.58%	34.07%	35.60%	37.40%
Short-Term Debt to Total Capital	0.85%	1.43%	1.22%	1.26%	0.65%	1.03%	0.74%	1.11%	0.76%	1.59%	1.29%
Long-Term Debt to Total Capital	25.16%	25.50%	26.30%	26.67%	27.26%	28.54%	28.92%	29.47%	33.31%	34.01%	36.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.15%	0.15%	0.16%	0.16%	0.17%	0.17%	0.18%	0.17%	0.17%	0.17%	0.18%
Common Equity to Total Capital	73.84%	72.92%	72.32%	71.92%	71.92%	70.26%	70.16%	69.26%	65.77%	64.23%	62.42%
Debt to EBITDA	1.31	1.29	1.32	1.33	1.41	1.53	1.32	1.43	1.75	1.90	2.42
Net Debt to EBITDA	0.51	0.24	0.44	0.38	0.50	0.32	0.38	0.56	0.82	0.64	1.63
Long-Term Debt to EBITDA	1.26	1.22	1.27	1.27	1.38	1.48	1.29	1.38	1.71	1.81	2.34
Debt to NOPAT	1.86	1.84	1.91	1.90	2.02	2.23	2.02	2.21	2.73	2.92	3.51
Net Debt to NOPAT	0.72	0.34	0.64	0.54	0.72	0.47	0.58	0.86	1.28	0.99	2.36
Long-Term Debt to NOPAT	1.80	1.75	1.82	1.81	1.97	2.15	1.97	2.13	2.67	2.79	3.39
Altman Z-Score	3.87	4.16	3.96	3.75	3.61	3.26	3.51	3.30	3.14	2.98	2.87
Noncontrolling Interest Sharing Ratio	0.22%	0.22%	0.24%	0.23%	0.24%	0.25%	0.27%	0.26%	0.53%	0.54%	0.61%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.76	3.87	3.61	3.63	3.91	3.74	3.81	3.74	4.02	3.51	3.46
Quick Ratio	0.37	0.63	0.46	0.55	0.52	0.67	0.61	0.52	0.56	0.68	0.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-691	-327	-400	-46	-43	149	544	161	-369	39	-317
Operating Cash Flow to CapEx	-2,428.72%	3,876.36%	696.98%	2,847.56%	-2,260.38%	31,915.65%	3,637.41%	2,541.33%	-3,344.53%	8,092.95%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.82	0.84	0.82	0.83	0.83	0.81	0.89	0.89	0.88	0.86	0.83
Accounts Receivable Turnover	16.58	16.92	15.99	14.76	14.75	13.90	15.44	14.78	14.47	13.84	0.00
Inventory Turnover	0.77	0.83	0.78	0.79	0.80	0.83	0.85	0.87	0.88	0.94	0.83
Fixed Asset Turnover	27.70	27.92	27.95	33.89	33.03	32.67	36.69	34.49	33.72	34.35	32.44
Accounts Payable Turnover	12.39	14.36	12.17	12.12	13.25	12.10	13.17	13.77	14.50	13.18	12.53
Days Sales Outstanding (DSO)	22.01	21.57	22.83	24.73	24.74	26.27	23.65	24.70	25.23	26.38	0.00
Days Inventory Outstanding (DIO)	473.13	437.82	466.40	460.16	459.05	441.10	430.61	420.76	416.78	390.09	437.50
Days Payable Outstanding (DPO)	29.45	25.42	29.99	30.10	27.55	30.17	27.71	26.51	25.17	27.69	29.13
Cash Conversion Cycle (CCC)	465.69	433.97	459.24	454.78	456.25	437.19	426.54	418.95	416.85	388.78	408.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,876	8,209	8,376	8,129	8,009	7,415	7,606	7,621	7,729	7,152	7,764
Invested Capital Turnover	1.27	1.39	1.32	1.33	1.29	1.37	1.39	1.39	1.38	1.49	1.29
Increase / (Decrease) in Invested Capital	867	795	770	508	280	262	-158	155	539	486	588
Enterprise Value (EV)	14,667	15,325	15,610	13,203	11,591	8,161	9,529	8,112	8,016	5,929	7,764
Market Capitalization	13,586	14,786	14,649	12,382	10,601	7,543	8,706	6,996	6,488	4,783	5,524
Book Value per Share	$77.93	$75.97	$72.23	$70.15	$66.77	$63.24	$61.22	$57.98	$56.01	$53.00	$48.04
Tangible Book Value per Share	$77.93	$75.97	$72.23	$70.15	$66.77	$63.24	$61.22	$57.98	$56.01	$53.00	$48.04
Total Capital	10,558	10,520	10,253	10,162	9,759	9,674	9,540	9,270	9,429	9,351	8,848
Total Debt	2,746	2,833	2,822	2,837	2,724	2,860	2,830	2,834	3,212	3,329	3,309
Total Long-Term Debt	2,656	2,683	2,697	2,710	2,661	2,760	2,759	2,732	3,141	3,181	3,195
Net Debt	1,065	522	945	804	973	601	806	1,101	1,512	1,130	2,225
Capital Expenditures (CapEx)	17	18	25	16	14	1.85	15	20	11	15	-11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8,209	7,455	7,669	7,562	7,521	6,895	7,129	7,086	7,220	6,543	7,186
Debt-free Net Working Capital (DFNWC)	8,783	8,758	8,563	8,593	8,276	8,196	8,163	7,848	8,011	7,890	7,503
Net Working Capital (NWC)	8,694	8,608	8,437	8,465	8,213	8,095	8,092	7,746	7,940	7,741	7,389
Net Nonoperating Expense (NNE)	-1.81	-7.67	-4.79	-19	-2.11	-34	-28	-3.63	-21	-115	-3.20
Net Nonoperating Obligations (NNO)	1,065	522	945	804	973	601	896	1,185	1,512	1,130	2,225
Total Depreciation and Amortization (D&A)	17	26	20	19	16	22	20	19	15	24	20
Debt-free, Cash-free Net Working Capital to Revenue	76.30%	68.73%	72.81%	72.07%	74.01%	68.99%	66.71%	67.53%	70.33%	63.68%	74.82%
Debt-free Net Working Capital to Revenue	81.65%	80.75%	81.29%	81.89%	81.43%	82.00%	76.38%	74.79%	78.05%	76.78%	78.11%
Net Working Capital to Revenue	80.81%	79.36%	80.10%	80.68%	80.81%	81.00%	75.72%	73.81%	77.35%	75.33%	76.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.76	$4.64	$3.64	$4.60	$2.28	$4.10	$3.77	$2.88	$1.72	$5.52	$2.37
Adjusted Weighted Average Basic Shares Outstanding	100.83M	103.65M	102.98M	104.79M	105.12M	110.02M	110.00M	111.21M	111.40M	116.77M	115.33M
Adjusted Diluted Earnings per Share	$1.75	$4.61	$3.60	$4.55	$2.25	$4.08	$3.73	$2.85	$1.70	$5.46	$2.35
Adjusted Weighted Average Diluted Shares Outstanding	101.83M	104.69M	104.01M	105.80M	106.27M	111.01M	111.12M	112.18M	112.34M	117.98M	116.33M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	99.44M	100.04M	201.94M	205.30M	208.34M	208.22M	214.96M	218.68M	221.47M	221.45M	226.66M
Normalized Net Operating Profit after Tax (NOPAT)	176	468	370	462	237	411	386	317	170	526	270
Normalized NOPAT Margin	9.46%	14.03%	13.56%	16.29%	12.19%	13.62%	14.38%	12.63%	9.55%	14.16%	10.83%
Pre Tax Income Margin	11.91%	18.63%	18.46%	22.90%	15.97%	20.03%	20.58%	17.18%	14.26%	22.66%	14.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.24%	5.93%	5.98%	5.80%	6.43%	6.64%	5.81%	6.38%	8.78%	8.91%	11.17%
Augmented Payout Ratio	49.35%	45.84%	54.37%	46.81%	45.32%	47.57%	31.22%	31.04%	40.75%	51.10%	58.91%

Frequently Asked Questions About Toll Brothers' Financials

When does Toll Brothers's fiscal year end?

According to the most recent income statement we have on file, Toll Brothers' financial year ends in October. Their financial year 2024 ended on October 31, 2024.

How has Toll Brothers' net income changed over the last 9 years?

Toll Brothers' net income appears to be on an upward trend, with a most recent value of $1.57 billion in 2024, rising from $363.17 million in 2015. The previous period was $1.37 billion in 2023. View Toll Brothers' forecast to see where analysts expect Toll Brothers to go next.

What is Toll Brothers's operating income?

Toll Brothers's total operating income in 2024 was $2.04 billion, based on the following breakdown:

Total Gross Profit: $3.02 billion
Total Operating Expenses: $982.29 million

How has Toll Brothers revenue changed over the last 9 years?

Over the last 9 years, Toll Brothers' total revenue changed from $4.17 billion in 2015 to $10.85 billion in 2024, a change of 160.0%.

How much debt does Toll Brothers have?

Toll Brothers' total liabilities were at $5.68 billion at the end of 2024, a 0.6% decrease from 2023, and a 14.1% increase since 2015.

How much cash does Toll Brothers have?

In the past 9 years, Toll Brothers' cash and equivalents has ranged from $633.72 million in 2016 to $1.64 billion in 2021, and is currently $1.30 billion as of their latest financial filing in 2024.

How has Toll Brothers' book value per share changed over the last 9 years?

Over the last 9 years, Toll Brothers' book value per share changed from 23.96 in 2015 to 75.97 in 2024, a change of 217.1%.

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This page (NYSE:TOL) was last updated on 5/31/2025 by MarketBeat.com Staff

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Toll Brothers (TOL) Financials

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Toll Brothers (TOL) Financials

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