The Filings Report

Toll Brothers, Inc.

TOLNYSECIK 794170Consumer Cyclical / Homebuilding & Constructionfiscal year ends October69 quarters since 2009

Revenue, Q3 FY2026
$2.7B
−9.7% on Q3 FY2025
Net income
$280M
−24.2% on Q3 FY2025
Free cash flow
$220M
−36.3% on Q3 FY2025
Diluted EPS
$2.97
−20.4% on Q3 FY2025
Revenue, TTM
$10.8B
trailing four quarters
Net margin, TTM
11.1%
net income $1.2B
Free cash flow, TTM
$1.1B
$1.2B less $102M capex
Cash and equivalents
$1.1B
long-term debt —, Jul 31, 2026
Shares, 12-month change
−4.4%
92M shares, Jul 31, 2026
Buybacks, TTM
$682M
4.8% of market value
Dividends, TTM
$97M
0.7% of market value
Market value
$14.1B
at the close, buybacks

Latest quarter Q3 FY2026, filed August 28, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended July 31, 2026, Toll Brothers, Inc. reported revenue of $2.7B, −9.7% on Q3 FY2025, and net income of $280M (−24.2%). Operating margin was 13.5%. Free cash flow, operating cash flow less capital expenditures, was $220M ($250M less $31M). Diluted earnings per share were $2.97.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of August 28, 2026.

Revenue and net incomeRevenueNet income
$0$1B$2B$3B$4BQ4'22, Revenue: $3.7BQ4'22, Net income: $641MQ4'22Q1'23, Revenue: $1.8BQ1'23, Net income: $192MQ1'23Q2'23, Revenue: $2.5BQ2'23, Net income: $320MQ2'23Q3'23, Revenue: $2.7BQ3'23, Net income: $415MQ3'23Q4'23, Revenue: $3.0BQ4'23, Net income: $446MQ4'23Q1'24, Revenue: $1.9BQ1'24, Net income: $240MQ1'24Q2'24, Revenue: $2.8BQ2'24, Net income: $482MQ2'24Q3'24, Revenue: $2.7BQ3'24, Net income: $375MQ3'24Q4'24, Revenue: $3.3BQ4'24, Net income: $475MQ4'24Q1'25, Revenue: $1.9BQ1'25, Net income: $178MQ1'25Q2'25, Revenue: $2.7BQ2'25, Net income: $352MQ2'25Q3'25, Revenue: $2.9BQ3'25, Net income: $370MQ3'25Q4'25, Revenue: $3.4BQ4'25, Net income: $447MQ4'25Q1'26, Revenue: $2.1BQ1'26, Net income: $211MQ1'26Q2'26, Revenue: $2.5BQ2'26, Net income: $261MQ2'26Q3'26, Revenue: $2.7BQ3'26, Net income: $280MQ3'26$0$1B$2B$3B$4BQ4'22, Revenue: $3.7BQ4'22, Net income: $641MQ1'23, Revenue: $1.8BQ1'23, Net income: $192MQ1'23Q2'23, Revenue: $2.5BQ2'23, Net income: $320MQ3'23, Revenue: $2.7BQ3'23, Net income: $415MQ3'23Q4'23, Revenue: $3.0BQ4'23, Net income: $446MQ1'24, Revenue: $1.9BQ1'24, Net income: $240MQ1'24Q2'24, Revenue: $2.8BQ2'24, Net income: $482MQ3'24, Revenue: $2.7BQ3'24, Net income: $375MQ3'24Q4'24, Revenue: $3.3BQ4'24, Net income: $475MQ1'25, Revenue: $1.9BQ1'25, Net income: $178MQ1'25Q2'25, Revenue: $2.7BQ2'25, Net income: $352MQ3'25, Revenue: $2.9BQ3'25, Net income: $370MQ3'25Q4'25, Revenue: $3.4BQ4'25, Net income: $447MQ1'26, Revenue: $2.1BQ1'26, Net income: $211MQ1'26Q2'26, Revenue: $2.5BQ2'26, Net income: $261MQ3'26, Revenue: $2.7BQ3'26, Net income: $280MQ3'26

Net income losses drawn in red.

Free cash flow
−$500M$0$500M$1.0B$1.5BQ4'22, Free cash flow: $1.2BQ4'22Q1'23, Free cash flow: −$378MQ1'23Q2'23, Free cash flow: $484MQ2'23Q3'23, Free cash flow: $515MQ3'23Q4'23, Free cash flow: $573MQ4'23Q1'24, Free cash flow: −$321MQ1'24Q2'24, Free cash flow: $443MQ2'24Q3'24, Free cash flow: $150MQ3'24Q4'24, Free cash flow: $664MQ4'24Q1'25, Free cash flow: −$438MQ1'25Q2'25, Free cash flow: $347MQ2'25Q3'25, Free cash flow: $345MQ3'25Q4'25, Free cash flow: $772MQ4'25Q1'26, Free cash flow: −$12MQ1'26Q2'26, Free cash flow: $110MQ2'26Q3'26, Free cash flow: $220MQ3'26−$500M$0$500M$1.0B$1.5BQ4'22, Free cash flow: $1.2BQ1'23, Free cash flow: −$378MQ1'23Q2'23, Free cash flow: $484MQ3'23, Free cash flow: $515MQ3'23Q4'23, Free cash flow: $573MQ1'24, Free cash flow: −$321MQ1'24Q2'24, Free cash flow: $443MQ3'24, Free cash flow: $150MQ3'24Q4'24, Free cash flow: $664MQ1'25, Free cash flow: −$438MQ1'25Q2'25, Free cash flow: $347MQ3'25, Free cash flow: $345MQ3'25Q4'25, Free cash flow: $772MQ1'26, Free cash flow: −$12MQ1'26Q2'26, Free cash flow: $110MQ3'26, Free cash flow: $220MQ3'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$500M$1.0B$1.5BQ4'22, Cash and equivalents: $1.3BQ4'22Q1'23, Cash and equivalents: $792MQ1'23Q2'23, Cash and equivalents: $762MQ2'23Q3'23, Cash and equivalents: $1.0BQ3'23Q4'23, Cash and equivalents: $1.3BQ4'23Q1'24, Cash and equivalents: $755MQ1'24Q2'24, Cash and equivalents: $1.0BQ2'24Q3'24, Cash and equivalents: $893MQ3'24Q4'24, Cash and equivalents: $1.3BQ4'24Q1'25, Cash and equivalents: $575MQ1'25Q2'25, Cash and equivalents: $686MQ2'25Q3'25, Cash and equivalents: $852MQ3'25Q4'25, Cash and equivalents: $1.3BQ4'25Q1'26, Cash and equivalents: $1.2BQ1'26Q2'26, Cash and equivalents: $1.1BQ2'26Q3'26, Cash and equivalents: $1.1BQ3'26$0$500M$1.0B$1.5BQ4'22, Cash and equivalents: $1.3BQ1'23, Cash and equivalents: $792MQ1'23Q2'23, Cash and equivalents: $762MQ3'23, Cash and equivalents: $1.0BQ3'23Q4'23, Cash and equivalents: $1.3BQ1'24, Cash and equivalents: $755MQ1'24Q2'24, Cash and equivalents: $1.0BQ3'24, Cash and equivalents: $893MQ3'24Q4'24, Cash and equivalents: $1.3BQ1'25, Cash and equivalents: $575MQ1'25Q2'25, Cash and equivalents: $686MQ3'25, Cash and equivalents: $852MQ3'25Q4'25, Cash and equivalents: $1.3BQ1'26, Cash and equivalents: $1.2BQ1'26Q2'26, Cash and equivalents: $1.1BQ3'26, Cash and equivalents: $1.1BQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed August 28, 2026.

Toll Brothers, Inc. income statement, quarterly
Millions of dollarsQ3 FY2026ended Jul 31, 2026filed Aug 28, 2026Q2 FY2026ended Apr 30, 2026filed May 29, 2026Q1 FY2026ended Jan 31, 2026filed Feb 27, 2026Q4 FY2025ended Oct 31, 2025filed Dec 19, 2025Q3 FY2025ended Jul 31, 2025filed Aug 28, 2025Q2 FY2025ended Apr 30, 2025filed May 29, 2025Q1 FY2025ended Jan 31, 2025filed Feb 28, 2025Q4 FY2024ended Oct 31, 2024filed Dec 20, 2024YoYQ3 FY2026vs Q3 FY2025
Revenue2,6592,5312,1463,4232,9452,7391,8593,333−9.7%
Cost of revenue2,0341,9261,6692,5762,2042,0341,4002,453−7.7%
Gross profit—————————
Research and development—————————
Selling, general and administrative266258258284254256240270+4.9%
Operating income359347219564488450219611−26.4%
Other income (expense)1920191213161120+46.4%
Pretax income—————————
Income tax95906314613012544146−27.1%
Net income280261211447370352178475−24.2%
Diluted EPS ($)2.972.722.194.583.733.501.754.63−20.4%
Diluted shares (millions)9496979899101102103—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed August 28, 2026.

Toll Brothers, Inc. balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Jul 31, 2026filed Aug 28, 2026Q2 FY2026ended Apr 30, 2026filed May 29, 2026Q1 FY2026ended Jan 31, 2026filed Feb 27, 2026Q4 FY2025ended Oct 31, 2025filed Dec 19, 2025Q3 FY2025ended Jul 31, 2025filed Aug 28, 2025Q2 FY2025ended Apr 30, 2025filed May 29, 2025Q1 FY2025ended Jan 31, 2025filed Feb 28, 2025Q4 FY2024ended Oct 31, 2024filed Dec 20, 2024YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents1,0581,1061,2031,2598526865751,303+24.1%
Short-term investments—————————
Total current assets—————————
Total assets14,68614,53314,43214,52014,39714,19613,62213,368+2.0%
Total current liabilities—————————
Long-term debt—————————
Total liabilities6,1446,0476,0126,2346,2866,2315,8115,681−2.2%
Stockholders’ equity8,5318,4758,4098,2718,0967,9497,7967,671+5.4%
Shares outstanding (millions)92939595969899100—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed August 28, 2026.

Toll Brothers, Inc. cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Jul 31, 2026filed Aug 28, 2026Q2 FY2026ended Apr 30, 2026filed May 29, 2026Q1 FY2026ended Jan 31, 2026filed Feb 27, 2026Q4 FY2025ended Oct 31, 2025filed Dec 19, 2025Q3 FY2025ended Jul 31, 2025filed Aug 28, 2025Q2 FY2025ended Apr 30, 2025filed May 29, 2025Q1 FY2025ended Jan 31, 2025filed Feb 28, 2025Q4 FY2024ended Oct 31, 2024filed Dec 20, 2024YoYQ3 FY2026vs Q3 FY2025
Operating cash flow2501347800370363(421)683−32.4%
Capital expenditures3124192825161718+20.6%
Free cash flow (CFO − capex)220110(12)772345347(438)664−36.3%
Depreciation and amortization2117162222211726−6.3%
Share repurchases2051805024719918124204+2.8%
Dividends paid2424252424252423−0.7%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed December 19, 2025.

Income statement

Toll Brothers, Inc. income statement, annual
Millions of dollarsFY2025ended Oct 31, 2025filed Dec 19, 2025FY2024ended Oct 31, 2024filed Dec 20, 2024FY2023ended Oct 31, 2023filed Dec 21, 2023FY2022ended Oct 31, 2022filed Dec 19, 2022FY2021ended Oct 31, 2021filed Dec 17, 2021FY2020ended Oct 31, 2020filed Dec 22, 2020FY2019ended Oct 31, 2019filed Dec 26, 2019FY2018ended Oct 31, 2018filed Dec 20, 2018FY2017ended Oct 31, 2017filed Dec 21, 2017FY2016ended Oct 31, 2016filed Dec 23, 2016FY2015ended Oct 31, 2015filed Dec 21, 2015FY2014ended Oct 31, 2014filed Dec 23, 2014FY2013ended Oct 31, 2013filed Dec 23, 2013FY2012ended Oct 31, 2012filed Dec 28, 2012FY2011ended Oct 31, 2011filed Dec 22, 2011FY2010ended Oct 31, 2010filed Dec 22, 2010FY2009ended Oct 31, 2009filed Sep 8, 2010FY2008ended Oct 31, 2008filed Sep 8, 2010
Revenue10,96710,8479,99510,2768,7907,0787,2247,1435,8155,1704,1713,9122,6741,8831,4761,4951,7553,148
Cost of revenue8,2127,8247,3617,7896,8475,6605,6645,5374,562—————————
Gross profit——————————————————
Research and development——————————————————
Selling, general and administrative1,034982909978922867879820606533455433340287261263313430
Operating income1,7212,0401,7251,5091,02155068178664749244739720163(48)(168)(517)(405)
Other income (expense)52696817141368262515668665226232842124
Pretax income——————————————————
Income tax44551447041726714019718627920717216597(374)(69)(114)259(169)
Net income1,3461,5711,3721,28783444759074853538236334017148740(3)(756)(298)
Diluted EPS ($)13.4915.0112.3610.906.633.404.034.853.172.181.971.840.972.860.24(0.02)(4.68)(1.88)
Diluted shares (millions)100105111118126131147154169176185186178170168166162159

Balance sheet

Toll Brothers, Inc. balance sheet, annual
Millions of dollarsFY2025ended Oct 31, 2025filed Dec 19, 2025FY2024ended Oct 31, 2024filed Dec 20, 2024FY2023ended Oct 31, 2023filed Dec 21, 2023FY2022ended Oct 31, 2022filed Dec 19, 2022FY2021ended Oct 31, 2021filed Dec 17, 2021FY2020ended Oct 31, 2020filed Dec 22, 2020FY2019ended Oct 31, 2019filed Dec 26, 2019FY2018ended Oct 31, 2018filed Dec 20, 2018FY2017ended Oct 31, 2017filed Dec 21, 2017FY2016ended Oct 31, 2016filed Dec 23, 2016FY2015ended Oct 31, 2015filed Dec 21, 2015FY2014ended Oct 31, 2014filed Dec 23, 2014FY2013ended Oct 31, 2013filed Dec 23, 2013FY2012ended Oct 31, 2012filed Dec 28, 2012FY2011ended Oct 31, 2011filed Dec 22, 2011FY2010ended Oct 31, 2010filed Dec 22, 2010FY2009ended Oct 31, 2009filed Sep 8, 2010FY2008ended Oct 31, 2008filed Sep 8, 2010
Cash and equivalents1,2591,3031,3001,3471,6381,3711,2861,1827136349195867737739061,0391,8081,633
Short-term investments——————————————————
Total current assets——————————————————
Total assets14,52013,36812,52712,28911,53811,06610,82810,2459,4459,7379,2078,3986,8276,1815,0555,1725,634—
Total current liabilities——————————————————
Long-term debt——————————————————
Total liabilities6,2345,6815,7146,2676,1976,1385,7095,4764,9085,5024,9784,5383,4883,0532,4632,6133,118—
Stockholders’ equity8,2717,6716,7976,0065,2954,8755,0724,7604,5314,2294,2233,8543,3333,1222,5862,5552,513—
Shares outstanding (millions)95100104111120125139146153162174175177169166167——

Cash flow statement

Toll Brothers, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Oct 31, 2025filed Dec 19, 2025FY2024ended Oct 31, 2024filed Dec 20, 2024FY2023ended Oct 31, 2023filed Dec 21, 2023FY2022ended Oct 31, 2022filed Dec 19, 2022FY2021ended Oct 31, 2021filed Dec 17, 2021FY2020ended Oct 31, 2020filed Dec 22, 2020FY2019ended Oct 31, 2019filed Dec 26, 2019FY2018ended Oct 31, 2018filed Dec 20, 2018FY2017ended Oct 31, 2017filed Dec 21, 2017FY2016ended Oct 31, 2016filed Dec 23, 2016FY2015ended Oct 31, 2015filed Dec 21, 2015FY2014ended Oct 31, 2014filed Dec 23, 2014FY2013ended Oct 31, 2013filed Dec 23, 2013FY2012ended Oct 31, 2012filed Dec 28, 2012FY2011ended Oct 31, 2011filed Dec 22, 2011FY2010ended Oct 31, 2010filed Dec 22, 2010FY2009ended Oct 31, 2009filed Sep 8, 2010FY2008ended Oct 31, 2008filed Sep 8, 2010
Operating cash flow1,1121,0101,2669871,3031,008438—————(569)(172)53(146)283827
Capital expenditures867473726711087282928915271210538
Free cash flow (CFO − capex)1,0269371,1939151,236899351—————(596)(183)43(151)280819
Depreciation and amortization828176777669722525232423252323202428
Share repurchases651627562543378634234503291393579115149112
Dividends paid9793918977576462390—0——————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 3, 2024 to November 3, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$109K
1 sales by 1 insider; officers and directors $109K
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$26M
9 sales by 5 insiders; officers and directors $26M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Sep 24, 2026East Stephen F.Directoropen-market sale800$135.99$109K12,642Sep 25, 2026
Jun 18, 2026Parahus RobertPresident & COOopen-market sale7,500$149.66$1M23,457Jun 22, 2026
Jun 18, 2026Yearley Douglas C. Jr.Executive Chairman, Directoroption exercise77,957$31.61$2M399,213Jun 18, 2026
Jun 18, 2026Yearley Douglas C. Jr.Executive Chairman, Directoropen-market sale77,957$156.58$12M321,256Jun 18, 2026
Apr 15, 2026East Stephen F.Directoropen-market sale1,000$139.70$140K13,442Apr 16, 2026
Mar 4, 2026McLean John ADirectoropen-market sale2,313$153.43$355K17,369Mar 4, 2026
Mar 4, 2026McLean John ADirectoroption exercise2,313$31.61$73K19,682Mar 4, 2026
Feb 27, 2026Yearley Douglas C. Jr.Chief Executive Officer, Directoropen-market sale27,014$159.15$4M321,256Mar 2, 2026
Feb 27, 2026Yearley Douglas C. Jr.Chief Executive Officer, Directoroption exercise27,014$31.61$854K348,270Mar 2, 2026
Feb 24, 2026Yearley Douglas C. Jr.Chief Executive Officer, Directoropen-market sale43,013$160.39$7M323,359Feb 26, 2026
Feb 24, 2026Yearley Douglas C. Jr.Chief Executive Officer, Directoropen-market sale2,103$161.04$339K321,256Feb 26, 2026
Feb 24, 2026Yearley Douglas C. Jr.Chief Executive Officer, Directoroption exercise45,116$31.61$1M366,372Feb 26, 2026
Jan 31, 2026Ziegler Gregg L.Chief Financial Officeroption exercise4,897$0.00—22,103Feb 2, 2026
Jan 31, 2026Ziegler Gregg L.Chief Financial Officertax withholding2,015$144.49$291K20,088Feb 2, 2026
Jan 19, 2026Stowell Scott DDirectoroption exercise1,521$0.00—6,613Jan 20, 2026
Jan 19, 2026Shapiro Paul EDirectoroption exercise1,655$0.00—120,335Jan 20, 2026
Jan 19, 2026Sandstrom Katherine MDirectoroption exercise1,295$0.00—1,363Jan 20, 2026
Jan 19, 2026Reinsdorf Judith ADirectoroption exercise1,295$0.00—1,295Jan 20, 2026
Jan 19, 2026Pritchett Wendell E.Directoroption exercise1,628$0.00—15,139Jan 20, 2026
Jan 19, 2026McLean John ADirectoroption exercise1,628$0.00—17,369Jan 20, 2026
Jan 19, 2026Kan Derek T.Directoroption exercise1,548$0.00—6,388Jan 20, 2026
Jan 19, 2026Grimes Karen H.Directoroption exercise1,655$0.00—16,810Jan 20, 2026
Jan 19, 2026Garvey ChristineDirectoroption exerciseindirect1,655$0.00—11,955Jan 20, 2026
Jan 19, 2026East Stephen F.Directoroption exercise1,655$0.00—14,442Jan 20, 2026
Jan 15, 2026Shapiro Paul EDirectoroption exercise3,965$31.61$125K122,645Jan 16, 2026

Full insider history for Toll Brothers, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held TOL in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded TOL by quarter.

FundManagerQuarterValueSharesWeightMove
Baron Capital GroupRon BaronQ2 2026$166M1M0.25%added +8.3%

Sources

Fiscal year ends in month 10; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
Toll Brothers, Inc., CIK 794170 on EDGAR
Extract generated
November 4, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: HomeBuildingRevenue, RevenueFromContractWithCustomerIncludingAssessedTax
Cost of revenue: CostOfGoodsAndServicesSold
Gross profit: GrossProfit
Research and development: not filed
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: not filed
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: not filed
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends

The data

The statements on this page as files, generated November 4, 2026.

JSON file
/data/financials/TOL.json