Toll Brothers, Inc.

Listed Company

TOLCIK 0000794170NYSELarge AcceleratedOperative BuildersDelawareFY ends Oct 31

Period

FY 2025

Revenue

—

Net Income

$1.35B

Total Assets

$14.52B

Equity

$8.27B

Shares Out

93.47M

Op. Cash Flow

$1.11B

TOL$150.69+28.26% · past yearDBEQ Basic

Daily closing prices

Business

Toll Brothers, Inc. designs, builds, markets, and sells luxury residential homes across single-family detached, attached, and urban high-rise communities in 24 states and Washington, D.C. The company offers homes across price points from affordable luxury to ultra-premium segments. Operating segments include traditional home building across five geographic regions (North, Mid-Atlantic, South, Mountain, Pacific) and Apartment Living joint ventures. Toll Brothers also operates subsidiaries in mortgage lending, title services, architectural design, and component manufacturing.

Summary from 10-K filed 2025-12-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Revenues:	10,967	10,847	9,995	10,276	8,790
Cost of revenues:	8,212	7,824	7,361	7,789	6,847
Selling, general and administrative	1,034	982	909	978	922
Income from operations	1,721	2,040	1,725	1,509	1,021
Income (loss) from unconsolidated entities	19	−24	50	24	74
Other income net	52	69	68	171	41
Income before income taxes	1,791	2,086	1,842	1,704	1,100
Income tax provision	445	514	470	417	267
Net income	1,346	1,571	1,372	1,287	834
Other comprehensive (loss) income net of tax	−9	−10	3	37	8
Total comprehensive income	1,337	1,562	1,375	1,323	842
Basic earnings (in dollars per share)	13.6	15.16	12.47	11.02	6.72
Diluted earnings (in dollars per share)	13.49	15.01	12.36	10.9	6.63
Basic (in shares)	99	104	110	117	124
Diluted (in shares)	100	105	111	118	126

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash and cash equivalents	1,259	1,303	1,300	1,347	1,638
Inventory	10,678	9,713	9,058	8,733	7,916
Property, construction, and office equipment net	273	453	324	288	310
Receivables, prepaid expenses, and other assets	555	591	691	747	738
Real estate and related assets held for sale	421	0	—	—	—
Mortgage loans held for sale at fair value	201	191	111	185	247
Customer deposits held in escrow	107	110	85	136	89
Investment balance at October 31, 2025	1,026	1,007	959	852	599
Total assets	14,520	13,368	12,527	12,289	11,538
Loans payable	896	1,086	1,164	1,185	1,012
Senior notes	1,742	1,597	1,596	1,995	2,404
Mortgage company loan facility	150	150	100	149	148
Customer deposits	419	489	541	—	—
Accounts payable	616	492	598	619	562
Accrued expenses	2,062	1,753	1,549	1,346	1,220
Liabilities related to assets held for sale	172	0	—	—	—
Income taxes payable	177	115	166	291	215
Total liabilities	6,234	5,681	5,714	6,267	6,197
Preferred stock, none issued	0	0	0	0	0
Common stock, 102,937 and 112,937 shares issued at October 31, 2025 and 2024, respectively	1	1	1	1	1
Additional paid-in capital	687	695	699	717	714
Retained earnings	8,575	8,153	6,676	6,167	4,970
Treasury stock, at cost 8,140 and 13,149 shares at October 31, 2025 and 2024, respectively	−1,015	−1,210	−619	−916	−392
Accumulated other comprehensive income ("AOCI")	22	31	41	38	1
Total stockholders equity	8,271	7,671	6,797	6,006	5,295
Noncontrolling interest	15	16	16	16	45
Total equity	8,286	7,687	6,813	6,022	5,340
Total liabilities and stockholders' equity	14,520	13,368	12,527	12,289	11,538

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Depreciation and amortization	82	81	76	77	76
Stock-based compensation	31	30	25	21	23
Distributions of earnings from unconsolidated entities	61	39	88	32	83
Deferred tax provision	87	−80	36	−97	12
Impairment charges and write-offs	100	73	70	40	27
Gain on sale of assets	0	−5	−416,000	576,000	−39
Other - net	740,000	−2	3	4	−406,000
Inventory	−521	−576	−22	−619	−196
Origination of mortgage loans	−2,646	−2,137	−1,603	−2,036	−2,178
Sale of mortgage loans	2,638	2,059	1,682	2,086	2,160
Receivables, prepaid expenses, and other assets	−25	505,000	−136	−95	136
Current income taxes net	−21	32	−163	161	25
Customer deposits net	−67	−77	−88	−3	166
Accounts payable and accrued expenses	65	−22	−24	152	215
Net cash provided by operating activities	1,112	1,010	1,266	987	1,303
Purchase of property, construction, and office equipment net	−86	−74	−73	−72	−67
Investments in unconsolidated entities	−310	−193	−216	−227	−222
Return of investments in unconsolidated entities	82	101	113	117	204
Proceeds from the sale of assets, including ownership interests in unconsolidated entities	0	1	26	28	80
Net increase in cash from consolidation of joint ventures	5	0	0	—	—
Other net	−2	−3	0	196,000	652,000
Net cash used in investing activities	−310	−168	−151	−153	−4
Proceeds from issuance of senior notes	498	0	0	—	0
Proceeds from loans payable	4,525	3,745	3,079	4,305	3,158
Debt issuance costs	−13	−202,000	−5	0	0
Principal payments of loans payable	−4,687	−3,845	−3,239	−4,356	−3,425
Redemption of senior notes	−350	0	−400	−410	−294
(Payments) proceeds related to stock-based benefit plans net	−20	4	48	—	—
Proceeds related to sales to land bank programs	52	0	0	—	—
Payments related to repurchases from land bank programs	−91	0	0	—	—
Purchase of treasury stock and excise tax payment	−651	−627	−562	−543	−378
Dividends paid	−97	−93	−91	−89	−77
Receipts related to noncontrolling interest net	637,000	167,000	11,000	−26	−5
Net cash used in financing activities	−834	−816	−1,170	−1,120	−1,011
Net (decrease) increase in cash, cash equivalents, and restricted cash	−31	26	−54	−286	288

Filings

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Frequently asked questions

What is Toll Brothers, Inc.'s CIK number?

Toll Brothers, Inc.'s SEC CIK number is 0000794170 (794170). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Toll Brothers, Inc.'s SEC filings?

All of Toll Brothers, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Toll Brothers, Inc. last report earnings?

Toll Brothers, Inc. (TOL) most recently filed an earnings 8-K with the SEC on May 19, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000794170-26-000083). This is Toll Brothers, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Toll Brothers, Inc.'s most recent earnings 8-K?

Toll Brothers, Inc.'s latest earnings 8-K (Item 2.02) was filed May 19, 2026 under accession 0000794170-26-000083. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Toll Brothers, Inc.'s latest earnings 8-K →
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