Toll Brothers, Inc. (TOL) Financial Statements
Toll Brothers financial statements at a glance
Toll Brothers reported revenue of $10.97 billion for fiscal year 2025 (ended October 31, 2025), up 1.1% from fiscal year 2024. Net income was $1.35 billion, a net margin of 12.3%.
At the end of fiscal year 2025 it had total assets of $14.52 billion, total liabilities of $6.25 billion and shareholders' equity of $8.27 billion, with total debt of $2.79 billion.
Its operations brought in $1.11 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended October 31, 2025.
Toll Brothers, Inc.
Income Statement
Annual • USD
Toll Brothers key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $11.0B | $10.8B | $10.0B | $10.3B | $8.8B |
| Gross profit | $2.8B | $3.0B | $2.6B | $2.5B | $1.9B |
| Operating income | $1.7B | $2.0B | $1.8B | $1.6B | $1.0B |
| Net income | $1.3B | $1.6B | $1.4B | $1.3B | $833.6M |
| Total assets | $14.5B | $13.4B | $12.5B | $12.3B | $11.5B |
| Total liabilities | $6.2B | $5.7B | $5.7B | $6.3B | $6.2B |
| Shareholders' equity | $8.3B | $7.7B | $6.8B | $6.0B | $5.3B |
| Cash | – | – | – | – | $1.6B |
| Total debt | $2.8B | $2.8B | $2.9B | $3.3B | $3.7B |
| Operating cash flow | $1.1B | $1.0B | $1.3B | $986.8M | $1.3B |
| Capital spending | – | – | – | – | $66.9M |
| Free cash flow | – | – | – | – | $1.2B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2021.
Questions and answers
What was Toll Brothers's revenue in fiscal year 2025?
$10.97 billion, up 1.1% from $10.85 billion in fiscal year 2024.
How much profit does Toll Brothers make?
Toll Brothers reported net income of $1.35 billion for fiscal year 2025 (12.3% of revenue); operating income was $1.72 billion.
How much cash and debt does Toll Brothers have?
At the end of fiscal year 2025: total debt of $2.79 billion.
