Balance Sheet Toll Brothers, Inc.

Equities

TOL

US8894781033

Homebuilding

Market Closed - Nyse Other stock markets 16:00:02 2026-03-09 EDT			5-day change	1st Jan Change
147.13 ^USD	-0.37%		-6.43%	+8.81%

03-06	Toll Brothers, Inc. Announces New Luxury Townhome Community Coming Soon to Redondo Beach, California	CI
03-06	Toll Brothers, Inc. Announces New Luxury Home Community, Piney Trail Estates, Is Coming Soon to Parker Colorado	CI

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Published financial data: TOLL BROTHERS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2021	2022	2023	2024	2025
Revenues	8.79B	10.28B	9.99B	10.85B	10.97B
Total Revenues	8.79B	10.28B	9.99B	10.85B	10.97B
Cost of Goods Sold, Total	6.82B	7.75B	7.3B	7.76B	8.12B
Gross Profit	1.97B	2.52B	2.7B	3.09B	2.85B
Selling General & Admin Expenses, Total	920M	976M	909M	983M	1.03B
Other Operating Expenses, Total	920M	976M	909M	983M	1.03B
Operating Income	1.05B	1.55B	1.79B	2.1B	1.81B
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	4.32M	-	35.13M	38.5M	29.48M
Net Interest Expenses	4.32M	-	35.13M	38.5M	29.48M
Income (Loss) On Equity Invest.	74.04M	23.72M	50.1M	-23.84M	19.05M
Other Non Operating Income (Expenses)	34.49M	28.34M	4.61M	31.26M	21.4M
EBT, Excl. Unusual Items	1.16B	1.6B	1.88B	2.15B	1.88B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-26.54M	-37.94M	-61.31M	-63.84M	-92.81M
Legal Settlements	-	141M	27.68M	-	-
Other Unusual Items	-35.21M	-	-	-	-
EBT, Incl. Unusual Items	1.1B	1.7B	1.84B	2.09B	1.79B
Income Tax Expense	267M	417M	470M	514M	445M
Earnings From Continuing Operations	834M	1.29B	1.37B	1.57B	1.35B
Net Income to Company	834M	1.29B	1.37B	1.57B	1.35B
Net Income - (IS)	834M	1.29B	1.37B	1.57B	1.35B
Net Income to Common Incl Extra Items	834M	1.29B	1.37B	1.57B	1.35B
Net Income to Common Excl. Extra Items	834M	1.29B	1.37B	1.57B	1.35B
Per Share Items
Net EPS - Basic	6.72	11.02	12.47	15.16	13.6
Basic EPS - Continuing Operations	6.72	11.02	12.47	15.16	13.6
Basic Weighted Average Shares Outstanding	124M	117M	110M	104M	98.98M
Net EPS - Diluted	6.63	10.9	12.36	15.01	13.49
Diluted EPS - Continuing Operations	6.63	10.9	12.36	15.01	13.49
Diluted Weighted Average Shares Outstanding	126M	118M	111M	105M	99.78M
Normalized Basic EPS	5.85	8.57	10.66	12.96	11.9
Normalized Diluted EPS	5.77	8.48	10.56	12.83	11.8
Dividend Per Share	0.62	0.77	0.83	0.9	0.98
Payout Ratio	9.19	6.91	6.64	5.94	7.21
Supplemental Items
EBITDA	1.13B	1.63B	1.86B	2.18B	1.9B
EBITA	1.05B	1.55B	1.79B	2.1B	1.81B
EBIT	1.05B	1.55B	1.79B	2.1B	1.81B
EBITDAR	1.15B	1.65B	1.89B	2.21B	1.92B
Total Revenues (As Reported)	8.79B	10.28B	9.99B	10.85B	10.97B
Effective Tax Rate - (Ratio)	24.24	24.49	25.53	24.67	24.83
Current Domestic Taxes	255M	513M	434M	595M	358M
Total Current Taxes	255M	513M	434M	595M	358M
Deferred Domestic Taxes	11.82M	-95.85M	36.46M	-80.33M	86.74M
Total Deferred Taxes	11.82M	-95.85M	36.46M	-80.33M	86.74M
Normalized Net Income	726M	1B	1.17B	1.34B	1.18B
Interest Capitalized	153M	135M	140M	129M	133M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	2.73M	2.86M	1.96M	1.53M	2.59M
Supplemental Operating Expense Items
Advertising Expense	39.1M	42.5M	49.6M	63.1M	77.4M
Selling and Marketing Expenses	39.1M	42.5M	49.6M	-	-
Net Rental Expense, Total	22.2M	25.6M	27.1M	24.3M	26.4M
Imputed Operating Lease Interest Expense	7M	7.74M	9.43M	8.42M	9.55M
Imputed Operating Lease Depreciation	15.2M	17.86M	17.67M	15.88M	16.85M
Stock-Based Comp., SG&A Exp. (Total)	23.19M	21.1M	24.8M	29.56M	30.83M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	23.19M	21.1M	24.8M	29.56M	30.83M

Fiscal Period: October	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.64B	1.35B	1.3B	1.3B	1.26B
Total Cash And Short Term Investments	1.64B	1.35B	1.3B	1.3B	1.26B
Other Receivables	84.4M	102M	136M	151M	158M
Total Receivables	84.4M	102M	136M	151M	158M
Inventory	7.92B	8.73B	9.06B	9.71B	10.68B
Prepaid Expenses	34.96M	44.31M	43.76M	40.43M	47.83M
Loans Held For Sale	247M	185M	111M	191M	201M
Restricted Cash	41.43M	51.8M	44.27M	62.05M	72.24M
Other Current Assets, Total	88.63M	208M	126M	128M	107M
Total Current Assets	10.05B	10.67B	10.82B	11.59B	12.52B
Gross Property Plant And Equipment	673M	694M	712M	872M	697M
Accumulated Depreciation	-266M	-289M	-286M	-310M	-315M
Net Property Plant And Equipment	407M	404M	427M	561M	382M
Long-term Investments	599M	852M	959M	1.01B	1.03B
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	481M	360M	323M	211M	589M
Total Assets	11.54B	12.29B	12.53B	13.37B	14.52B
Liabilities
Accounts Payable, Total	562M	619M	598M	492M	616M
Accrued Expenses, Total	553M	585M	539M	538M	535M
Short-term Borrowings	148M	149M	100M	150M	150M
Current Portion of Long-Term Debt	410M	400M	-	-	-
Current Portion of Leases	18.62M	21.14M	-	-	-
Current Income Taxes Payable	8.05M	169M	5.98M	37.9M	16.77M
Unearned Revenue Current, Total	36.64M	50.97M	52.91M	51.14M	52.52M
Deferred Tax Liability Current	-	-	-	-	160M
Other Current Liabilities	514M	570M	833M	1.04B	1.52B
Total Current Liabilities	2.25B	2.56B	2.13B	2.3B	3.05B
Long-Term Debt	3.01B	2.78B	2.76B	2.68B	2.64B
Long-Term Leases	97.63M	119M	124M	129M	128M
Unearned Revenue Non Current	636M	681M	541M	489M	419M
Deferred Tax Liability Non Current	207M	123M	160M	76.64M	-
Total Liabilities	6.2B	6.27B	5.71B	5.68B	6.23B
Common Stock, Total	1.28M	1.28M	1.13M	1.13M	1.03M
Additional Paid In Capital	714M	717M	699M	695M	687M
Retained Earnings	4.97B	6.17B	6.68B	8.15B	8.57B
Treasury Stock	-392M	-916M	-619M	-1.21B	-1.01B
Comprehensive Income and Other	1.11M	37.62M	40.91M	31.28M	22.27M
Total Common Equity	5.3B	6.01B	6.8B	7.67B	8.27B
Minority Interest	45.43M	15.75M	16.05M	15.79M	15.4M
Total Equity	5.34B	6.02B	6.81B	7.69B	8.29B
Total Liabilities And Equity	11.54B	12.29B	12.53B	13.37B	14.52B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	120M	111M	104M	100M	95M
ECS Total Common Shares Outstanding	120M	110M	104M	99.79M	94.8M
Book Value / Share	44.08	54.79	65.49	76.87	87.25
Tangible Book Value	5.3B	6.01B	6.8B	7.67B	8.27B
Tangible Book Value Per Share	44.08	54.79	65.49	76.87	87.25
Total Debt	3.68B	3.47B	2.98B	2.96B	2.92B
Net Debt	2.04B	2.12B	1.68B	1.66B	1.66B
Debt Equivalent of Unfunded Proj. Benefit Obligation	47.7M	36.9M	35.38M	37.03M	36.59M
Debt Equivalent Oper. Leases	178M	205M	217M	194M	211M
Minority Interest, Total (Incl. Fin. Div)	45.43M	15.75M	16.05M	15.79M	15.4M
Equity Method Investments, Total	599M	852M	959M	1.01B	1.03B
Account Code - Inventory Valuation	3	-	3	3	3
Inventories - Raw Materials, Total	750M	1.05B	837M	553M	714M
Inventories - Others	7.17B	7.68B	8.22B	9.16B	9.96B
Full Time Employees	5.1K	5.2K	4.8K	4.9K	4.9K
Order Backlog	9.5B	8.87B	6.95B	6.47B	5.49B

Fiscal Period: October	2021	2022	2023	2024	2025
Net Income	834M	1.29B	1.37B	1.57B	1.35B
Depreciation & Amortization - CF	76.25M	76.82M	76.47M	81.2M	82.08M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	76.25M	76.82M	76.47M	81.2M	82.08M
(Gain) Loss From Sale Of Asset	-38.71M	576K	-416K	-5.04M	-
Asset Writedown & Restructuring Costs	26.54M	39.54M	69.54M	72.79M	100M
(Income) Loss On Equity Investments - (CF)	9.08M	8.59M	38.3M	63.12M	42.36M
Stock-Based Compensation (CF)	23.19M	21.1M	24.8M	29.56M	30.83M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	46.62M	-92.9M	39.42M	-81.87M	87.48M
Change In Accounts Receivable	136M	-95.02M	-136M	505K	-24.81M
Change In Inventories	-196M	-619M	-22.21M	-576M	-521M
Change In Accounts Payable	215M	152M	-23.67M	-21.79M	64.62M
Change In Income Taxes	25.13M	160M	-163M	31.93M	-21.14M
Change in Other Net Operating Assets	147M	47.44M	-9.38M	-156M	-74.36M
Cash from Operations	1.3B	987M	1.27B	1.01B	1.11B
Capital Expenditure	-66.88M	-71.73M	-72.96M	-73.64M	-86.2M
Sale of Property, Plant, and Equipment	80.42M	28.31M	26.05M	1.14M	-
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-18.43M	-110M	-104M	-91.87M	-222M
Other Investing Activities, Total	652K	196K	-	-3.24M	-1.68M
Cash from Investing	-4.24M	-153M	-151M	-168M	-310M
Long-Term Debt Issued, Total	3.16B	4.3B	3.08B	3.74B	5.08B
Total Debt Issued	3.16B	4.3B	3.08B	3.74B	5.08B
Long-Term Debt Repaid, Total	-3.72B	-4.77B	-3.64B	-3.84B	-5.13B
Total Debt Repaid	-3.72B	-4.77B	-3.64B	-3.84B	-5.13B
Issuance of Common Stock	10.49M	-	48.27M	4.13M	-
Repurchase of Common Stock	-378M	-543M	-562M	-627M	-671M
Common Dividends Paid	-76.62M	-88.9M	-91.08M	-93.4M	-97.08M
Common & Preferred Stock Dividends Paid	-76.62M	-88.9M	-91.08M	-93.4M	-97.08M
Other Financing Activities, Total	-5.49M	-25.77M	-5.35M	-35K	-12.36M
Cash from Financing	-1.01B	-1.12B	-1.17B	-816M	-834M
Net Change in Cash	288M	-286M	-54.21M	26.09M	-31.5M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	230M	351M	585M	550M	372M
Levered Free Cash Flow	757M	415M	986M	711M	850M
Unlevered Free Cash Flow	757M	415M	986M	711M	850M
Change In Net Working Capital	-68.43M	579M	159M	641M	311M
Net Debt Issued / Repaid	-561M	-461M	-560M	-100M	-53.5M

Fiscal Period: October	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.8	8.12	9	10.15	8.13
Return on Total Capital	7.27	10.46	11.58	12.86	10.38
Return On Equity %	16.24	22.64	21.38	21.67	16.86
Return on Common Equity	16.39	22.77	21.43	21.72	16.89
Margin Analysis
Gross Profit Margin %	22.4	24.57	26.97	28.45	25.96
SG&A Margin	10.47	9.5	9.1	9.06	9.42
EBITDA Margin %	12.8	15.82	18.64	20.14	17.29
EBITA Margin %	11.94	15.07	17.87	19.39	16.54
EBIT Margin %	11.94	15.07	17.87	19.39	16.54
Income From Continuing Operations Margin %	9.48	12.52	13.73	14.49	12.28
Net Income Margin %	9.48	12.52	13.73	14.49	12.28
Net Avail. For Common Margin %	9.48	12.52	13.73	14.49	12.28
Normalized Net Income Margin	8.26	9.73	11.73	12.39	10.74
Levered Free Cash Flow Margin	8.61	4.04	9.86	6.55	7.75
Unlevered Free Cash Flow Margin	8.61	4.04	9.86	6.55	7.75
Asset Turnover
Asset Turnover	0.78	0.86	0.81	0.84	0.79
Fixed Assets Turnover	21.24	25.33	24.05	21.95	23.24
Inventory Turnover (Average Inventory)	0.88	0.93	0.82	0.83	0.8
Short Term Liquidity
Current Ratio	4.47	4.16	5.08	5.03	4.11
Quick Ratio	0.77	0.57	0.67	0.63	0.46
Operating Cash Flow to Current Liabilities	0.58	0.38	0.59	0.44	0.36
Days Outstanding Inventory (Average Inventory)	416.72	392	444.81	442.63	458.32
Average Days Payable Outstanding	25.11	25.17	29.13	23.7	22.26
Long Term Solvency
Total Debt/Equity	68.89	57.61	43.8	38.53	35.19
Total Debt / Total Capital	40.79	36.55	30.46	27.81	26.03
LT Debt/Equity	58.11	48.14	42.33	36.58	33.38
Long-Term Debt / Total Capital	34.41	30.55	29.44	26.4	24.69
Total Liabilities / Total Assets	53.71	51	45.61	42.5	42.93
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	3.21	2.1	1.58	1.34	1.52
Net Debt / EBITDA	1.78	1.29	0.89	0.75	0.86
Total Debt / (EBITDA - Capex)	3.4	2.2	1.64	1.39	1.59
Net Debt / (EBITDA - Capex)	1.89	1.34	0.93	0.78	0.9
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	24.2	16.9	-2.73	8.52	1.11
Gross Profit, 1 Yr. Growth %	33.65	28.17	6.71	14.5	-7.75
EBITDA, 1 Yr. Growth %	66.36	44.4	14.5	17.3	-13.2
EBITA, 1 Yr. Growth %	72.67	47.57	15.24	17.77	-13.75
EBIT, 1 Yr. Growth %	72.67	47.57	15.24	17.77	-13.75
Earnings From Cont. Operations, 1 Yr. Growth %	86.65	54.33	6.65	14.51	-14.3
Net Income, 1 Yr. Growth %	86.65	54.33	6.65	14.51	-14.3
Normalized Net Income, 1 Yr. Growth %	84.51	37.72	17.1	14.58	-12.34
Diluted EPS Before Extra, 1 Yr. Growth %	95	64.4	13.39	21.44	-10.13
Inventory, 1 Yr. Growth %	3.36	10.33	3.71	7.24	9.94
Net Property, Plant and Equip., 1 Yr. Growth %	-3.42	-0.55	5.51	31.52	-31.87
Total Assets, 1 Yr. Growth %	4.27	6.51	1.94	6.71	8.62
Tangible Book Value, 1 Yr. Growth %	8.61	13.43	13.17	12.85	7.82
Common Equity, 1 Yr. Growth %	8.61	13.43	13.17	12.85	7.82
Cash From Operations, 1 Yr. Growth %	29.26	-24.27	28.33	-20.24	10.12
Capital Expenditures, 1 Yr. Growth %	-38.96	7.25	1.72	0.93	17.04
Levered Free Cash Flow, 1 Yr. Growth %	6.74	-44.12	136.83	-27.9	7.95
Unlevered Free Cash Flow, 1 Yr. Growth %	6.51	-44.12	136.83	-27.9	7.95
Dividend Per Share, 1 Yr. Growth %	40.91	24.19	7.79	8.43	8.89
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.31	20.49	6.63	2.74	4.75
Gross Profit, 2 Yr. CAGR %	10.86	30.88	16.99	10.54	2.77
EBITDA, 2 Yr. CAGR %	18.94	54.99	28.65	15.89	0.9
EBITA, 2 Yr. CAGR %	20.43	59.63	30.48	16.5	0.78
EBIT, 2 Yr. CAGR %	20.43	59.63	30.48	16.5	0.78
Earnings From Cont. Operations, 2 Yr. CAGR %	18.87	69.72	28.29	10.51	-0.94
Net Income, 2 Yr. CAGR %	18.87	69.72	28.29	10.51	-0.94
Normalized Net Income, 2 Yr. CAGR %	20.94	59.41	27.06	15.83	0.22
Diluted EPS Before Extra, 2 Yr. CAGR %	28.26	79.05	36.54	17.35	4.47
Inventory, 2 Yr. CAGR %	0.27	6.78	6.97	5.46	8.58
Net Property, Plant and Equip., 2 Yr. CAGR %	21.97	-2	2.43	17.8	-5.34
Total Assets, 2 Yr. CAGR %	3.23	5.38	4.2	4.3	7.66
Tangible Book Value, 2 Yr. CAGR %	2.18	10.99	13.3	13.01	10.31
Common Equity, 2 Yr. CAGR %	2.18	10.99	13.3	13.01	10.31
Cash From Operations, 2 Yr. CAGR %	72.55	-1.06	-1.42	1.18	-6.28
Capital Expenditures, 2 Yr. CAGR %	-12.31	-19.09	4.45	1.33	8.69
Levered Free Cash Flow, 2 Yr. CAGR %	160.16	-23.48	15.18	30.67	-7.14
Unlevered Free Cash Flow, 2 Yr. CAGR %	160.16	-23.56	15.18	30.67	-7.14
Dividend Per Share, 2 Yr. CAGR %	18.71	32.29	15.7	8.11	8.66
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.16	12.46	12.19	7.26	2.19
Gross Profit, 3 Yr. CAGR %	6.47	16.36	22.3	16.15	4.07
EBITDA, 3 Yr. CAGR %	10.47	26.88	40.16	24.75	5.24
EBITA, 3 Yr. CAGR %	9.03	28.87	43.25	26.1	5.39
EBIT, 3 Yr. CAGR %	9.03	28.87	43.25	26.1	5.39
Earnings From Cont. Operations, 3 Yr. CAGR %	3.67	29.67	45.37	23.52	1.53
Net Income, 3 Yr. CAGR %	3.67	29.67	45.37	23.52	1.53
Normalized Net Income, 3 Yr. CAGR %	6.47	26.3	43.88	22.75	5.56
Diluted EPS Before Extra, 3 Yr. CAGR %	10.98	39.33	53.76	31.31	7.36
Inventory, 3 Yr. CAGR %	1.37	3.52	5.75	7.06	6.93
Net Property, Plant and Equip., 3 Yr. CAGR %	28.15	13.95	0.44	11.34	-1.85
Total Assets, 3 Yr. CAGR %	4.04	4.31	4.22	5.03	5.72
Tangible Book Value, 3 Yr. CAGR %	3.61	5.8	11.71	13.15	11.25
Common Equity, 3 Yr. CAGR %	3.61	5.8	11.71	13.15	11.25
Cash From Operations, 3 Yr. CAGR %	30.36	31.13	7.9	-8.14	4.07
Capital Expenditures, 3 Yr. CAGR %	33.31	-6.22	-12.67	3.26	6.32
Levered Free Cash Flow, 3 Yr. CAGR %	36.42	54.85	11.6	-1.47	26.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	36.06	54.85	11.52	-1.47	26.87
Dividend Per Share, 3 Yr. CAGR %	14.78	20.51	23.56	13.23	8.37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.2	12.06	6.95	8.47	9.15
Gross Profit, 5 Yr. CAGR %	13.64	14.77	10.56	14.01	14.08
EBITDA, 5 Yr. CAGR %	16.39	18.82	17.41	22.39	22.89
EBITA, 5 Yr. CAGR %	15.8	18.56	17.15	23.8	24.45
EBIT, 5 Yr. CAGR %	15.8	18.56	17.15	23.8	24.45
Earnings From Cont. Operations, 5 Yr. CAGR %	16.89	19.16	12.9	21.64	24.7
Net Income, 5 Yr. CAGR %	16.89	19.16	12.9	21.64	24.7
Normalized Net Income, 5 Yr. CAGR %	14.08	14.06	14.27	22.03	24.5
Diluted EPS Before Extra, 5 Yr. CAGR %	24.91	28.04	20.57	30.08	31.74
Inventory, 5 Yr. CAGR %	1.48	3.7	3.58	4.29	6.87
Net Property, Plant and Equip., 5 Yr. CAGR %	19.12	16.37	17.17	15.47	-1.91
Total Assets, 5 Yr. CAGR %	3.45	5.4	4.1	4.3	5.58
Tangible Book Value, 5 Yr. CAGR %	4.6	5.8	7.38	8.63	11.15
Common Equity, 5 Yr. CAGR %	4.6	5.8	7.38	8.63	11.15
Cash From Operations, 5 Yr. CAGR %	53.91	2.75	16.58	18.21	1.99
Capital Expenditures, 5 Yr. CAGR %	18.66	19.96	20.91	-3.27	-4.68
Levered Free Cash Flow, 5 Yr. CAGR %	57.01	-5.46	27.02	44.75	3.69
Unlevered Free Cash Flow, 5 Yr. CAGR %	56.72	-5.56	26.82	44.75	3.65
Dividend Per Share, 5 Yr. CAGR %	-	26.26	15.15	15.39	17.37