Companies / TOL

Toll Brothers, Inc. (TOL) financials and KPIs

Toll Brothers, Inc. reported revenue of $10.97B for fiscal 2025, up 1.1% from fiscal 2024. Net income was $1.35B and free cash flow was $1.03B.

Annual results

Fiscal year20212022202320242025
Revenue$8.79B$10.28B$9.99B$10.85B$10.97B
Operating income$1.02B$1.51B$1.72B$2.04B$1.72B
Net income$833.63M$1.29B$1.37B$1.57B$1.35B
Cash from operations$1.30B$986.82M$1.27B$1.01B$1.11B
Free cash flow$1.24B$915.09M$1.19B$936.52M$1.03B

Quarterly results

Fiscal quarterQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$3.33B$1.86B$2.74B$2.95B$3.42B$2.15B$2.53B$2.66B
Net income$475.41M$177.70M$352.45M$369.62M$446.71M$210.93M$260.59M$280.14M
Diluted EPS$4.63$1.75$3.50$3.73—$2.19$2.72$2.97

Operating KPIs

As Toll Brothers, Inc. reports them, quarter by quarter.

Fiscal quarterQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Average price of homes in backlog$1.08M$1.10M$1.13M$1.16M$1.18M$1.19M$1.17M$1.17M
Backlog units5,9966,3126,0635,4924,6475,0515,3945,312

Sources

Figures come from Toll Brothers, Inc.'s SEC filings, by fiscal year and fiscal quarter as the company defines them. A dash means we hold no figure for that period that passed our checks. Some fourth quarters are the full year less the first nine months. Free cash flow is cash from operations less capital expenditures. Data as of 31 October 2026. This is not investment advice.

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