Toll Brothers, Inc.
NYSE:TOL · New York Stock Exchange
-$3.61 today
Vol 1.83M · Avg 1.16M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:TOL · Revenue to Net Income
Key Ratios
Analysis
$11.0B of revenue converted into $1.3B of net income for the selected period. Gross margin is 24.7% and net margin is 11.4%, showing how much revenue survives after costs and taxes. EPS is $13.22, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.0B +1.1% | $10.8B +8.5% | $10.0B -2.7% | $10.3B +16.9% | $8.8B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $8.1B +3.8% | $7.8B +6.3% | $7.4B -5.5% | $7.8B +13.8% | $6.8B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $2.8B -5.8% | $3.0B +14.7% | $2.6B +5.9% | $2.5B +28.0% | $1.9B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 26.0% -1.9pp | 27.9% +1.5pp | 26.4% +2.2pp | 24.2% +2.1pp | 22.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.0B +5.2% | $982.3M +8.0% | $909.4M -7.0% | $977.8M +6.0% | $922.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.1B +14.7% | $982.3M +8.0% | $909.4M -7.0% | $977.8M +6.0% | $922.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $82.1M +1.1% | $81.2M +6.2% | $76.5M -0.4% | $76.8M +0.7% | $76.3M | $374.2M | $1.2B | $631.8M |
| EBITDA | $1.9B -13.9% | $2.2B +12.9% | $1.9B +7.8% | $1.8B +51.3% | $1.2B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 17.0% -3.0pp | 20.0% +0.8pp | 19.2% +1.9pp | 17.3% +3.9pp | 13.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | $1.7B -15.7% | $2.0B +18.3% | $1.7B +14.3% | $1.5B +47.8% | $1.0B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 15.7% -3.1pp | 18.8% +1.6pp | 17.3% +2.6pp | 14.7% +3.1pp | 11.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $71.9M +86.8% | $38.5M +9.6% | $35.1M +468.5% | $6.2M +43.1% | $4.3M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $70.8M +55.7% | $45.5M -61.4% | $117.6M -39.7% | $195.1M +145.6% | $79.4M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $1.8B -14.1% | $2.1B +13.2% | $1.8B +8.1% | $1.7B +54.8% | $1.1B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 16.3% -2.9pp | 19.2% +0.8pp | 18.4% +1.9pp | 16.6% +4.1pp | 12.5% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $444.9M -13.5% | $514.4M +9.4% | $470.3M +12.7% | $417.2M +56.4% | $266.7M | $1.3B | -$1.6B | $745.2M |
| Net Income | $1.3B -14.3% | $1.6B +14.5% | $1.4B +6.7% | $1.3B +54.3% | $833.6M | $4.9B | $4.8B | $4.7B |
| Net Margin | 12.3% -2.2pp | 14.5% +0.8pp | 13.7% +1.2pp | 12.5% +3.0pp | 9.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $14 -10.3% | $15 +21.6% | $12 +13.2% | $11 +64.0% | $7 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $13 -10.1% | $15 +21.4% | $12 +13.4% | $11 +64.4% | $7 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $99.0M -4.5% | $103.7M -5.8% | $110.0M -5.8% | $116.8M -5.9% | $124.1M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $99.8M -4.7% | $104.7M -5.7% | $111.0M -5.9% | $118.0M -6.2% | $125.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Hyatt Hotels Corporation
NYSE:H
$19.20B
SharkNinja, Inc.
NYSE:SN
$18.90B
Magna International Inc.
NYSE:MGA
$17.66B
Ball Corporation
NYSE:BALL
$15.37B
Deckers Outdoor Corporation
NYSE:DECK
$14.68B
H World Group Limited
NASDAQ:HTHT
$13.40B
Crown Holdings, Inc.
NYSE:CCK
$11.39B
Penske Automotive Group, Inc.
NYSE:PAG
$11.26B
Wynn Resorts, Limited
NASDAQ:WYNN
$10.62B
Domino's Pizza, Inc.
NASDAQ:DPZ
$10.46B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does TOL generate?
Toll Brothers, Inc. (TOL) reported $10.97B of revenue in fiscal 2025.
Is TOL profitable?
Toll Brothers, Inc. (TOL) reported $1.35B of net income, with a net margin of 12.3%.
Explore More
Continue the stock analysis
Jump to another research area for this company.