Toll Brothers (TOL) Financials

$94.11 +0.49 (+0.52%)

As of 04/14/2025 03:58 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	363	382	535	751	583	447	834	1,287	1,372	1,571
Consolidated Net Income / (Loss)	363	382	535	748	590	447	834	1,287	1,372	1,571
Net Income / (Loss) Continuing Operations	363	382	535	748	590	447	834	1,287	1,372	1,571
Total Pre-Tax Income	536	589	814	934	787	587	1,100	1,704	1,842	2,086
Total Operating Income	447	492	647	786	681	550	1,021	1,509	1,725	2,040
Total Gross Profit	902	1,025	1,253	1,606	1,560	1,418	1,943	2,486	2,634	3,022
Total Revenue	4,171	5,170	5,815	7,143	7,224	7,078	8,790	10,276	9,995	10,847
Operating Revenue	4,171	5,170	5,815	7,143	7,224	7,078	8,790	10,276	9,995	10,847
Total Cost of Revenue	3,269	4,144	4,562	5,537	5,664	5,660	6,847	7,789	7,361	7,824
Operating Cost of Revenue	3,269	4,144	4,562	5,537	5,664	5,660	6,847	7,789	7,361	7,824
Total Operating Expenses	455	533	606	820	879	867	922	978	909	982
Selling, General & Admin Expense	455	533	606	820	879	867	922	978	909	982
Total Other Income / (Expense), net	89	97	167	148	106	37	79	195	118	45
Interest & Investment Income	21	41	116	85	25	0.95	74	24	50	-24
Other Income / (Expense), net	68	56	51	62	82	36	41	171	68	69
Income Tax Expense	172	207	279	186	197	140	267	417	470	514
Basic Earnings per Share	$2.06	$2.27	$3.30	$4.92	$4.07	$3.43	$6.72	$11.02	$12.47	$15.16
Weighted Average Basic Shares Outstanding	176.43M	168.26M	162.22M	151.98M	145.01M	130.10M	124.10M	116.77M	110.02M	103.65M
Diluted Earnings per Share	$1.97	$2.18	$3.17	$4.85	$4.03	$3.40	$6.63	$10.90	$12.36	$15.01
Weighted Average Diluted Shares Outstanding	184.70M	175.97M	169.49M	154.20M	146.50M	131.25M	125.81M	117.98M	111.01M	104.69M
Weighted Average Basic & Diluted Shares Outstanding	176.30M	168.30M	162.30M	152.10M	138.70M	249.68M	240.72M	221.45M	208.22M	100.04M
Cash Dividends to Common per Share	-	-	$0.24	$0.41	$0.44	$0.44	$0.62	$0.77	$0.83	$0.90

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Toll Brothers' Financials

When does Toll Brothers's financial year end?

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

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 4/15/2025 by MarketBeat.com Staff

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Toll Brothers (TOL) Financials

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Toll Brothers (TOL) Financials

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