Toll Brothers Inc.

TOL Consumer Cyclical Residential Construction

Toll Brothers Inc.’s revenue for fiscal 2025 (year ended October 2025) was $11.0 billion, up 1.11% from fiscal 2024.

Revenue
−9.72%
EPS
−20.7%
Free cash flow
−36.3%
Total debt
−6.02%

Quarter to July 2026, against a year earlier

155.21 3.28 −2.07%
Market cap
$14.3B
P/E
12.4×
Fwd P/E
11.5×
Dividend yield
0.66%
F-score
4/9
Altman Z
4.06
Beneish M
−2.35
Dividend safety
92/100

Toll Brothers Inc. (TOL) Gross margin

Alert me on Gross margin

Toll Brothers Inc.'s gross margin over the twelve months to 31 July 2026 was 23.8%, down 1.4 percentage points from fiscal 2025 (25.1%). Over the past ten years it has ranged from 19.8% (fiscal 2016) to 27.9% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Residential Construction industry median of 19.2% and below the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 25.1% (2.76)
FY2024 27.9% 1.51
FY2023 26.4% 2.16
FY2022 24.2% 2.10
FY2021 22.1% 2.07
FY2020 20.0% (1.57)
FY2019 21.6% (0.89)
FY2018 22.5% 0.95
FY2017 21.5% 1.70
FY2016 19.8% (1.78)

Quarterly newest first

Period Gross margin Change (points)
Jul 2026 23.5% (0.38)
Apr 2026 23.9% 1.67
Jan 2026 22.2% (2.54)
Oct 2025 24.8% (0.40)
43 more quarters

Against its own ten years

Low 19.8% High 27.9%
Ten-year median 22.1%
Current reading's percentile 65

Gross margin against peers

Company Gross margin
IBP Installed Building Products, Inc. compare 33.1%
SKY Champion Homes, Inc. compare 25.5%
PHM PulteGroup, Inc. compare 24.8%
TOL Toll Brothers Inc. 23.8%
CVCO Cavco Industries, Inc. compare 22.7%
DHI D.R. Horton, Inc. compare 22.3%
LEN.B Lennar Corporation compare 7.49%
LEN Lennar Corporation compare 7.49%
NVR NVR, Inc. compare 0.00%
Residential Construction industry median 19.2%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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