Zacks Investment Research·Jun 26, 2026
Toll Brothers (TOL) Gains As Market Dips: What You Should KnowThe latest trading day saw Toll Brothers (TOL) settling at $164.05, representing a +1.22% change from its previous close.
Toll Brothers, Inc.(TOL)Earnings, Financials & Key Ratios
TOL•NYSE
$155.13
11.5× P/E·Price updated Jul 6, 2026
AboutToll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living. In addition, the company develops, owns, and operates golf courses and country clubs; develops and sells land; and develops, operates, and rents apartments, as well as provides various interior fit-out options, such as flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies. Further, it owns and operates architectural, engineering, mortgage, title, insurance, smart home technology, landscaping, lumber distribution, house component assembly, and manufacturing operations. The company serves move-up, empty-nester, active-adult, and second-home buyers. It has a strategic partnership with Equity Residential to develop new rental apartment communities in the United States markets. The company was founded in 1967 and is headquartered in Fort Washington, Pennsylvania.Show more
- Revenue$10.97B+1.1%
- EBITDA$1.8B-15.0%
- Net Income$1.35B-14.3%
- EPS (Diluted)13.49-10.1%
- Gross Margin25.96%-6.8%
- EBITDA Margin16.44%-16.0%
- Operating Margin15.69%-16.6%
- Net Margin12.28%-15.2%
- ROE16.86%-22.2%
TOL Price & Volume
Toll Brothers, Inc. (TOL) stock price & volume — 10-year historical chart
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Cyclical Margin Compression Challenges Luxury Growth Trajectory
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Cyclical land bank exposure
Key Thesis Takeaways
- Toll Brothers faces a complex outlook as its luxury-focused delivery model contends with significant margin compression, evidenced by a decline in gross margins from 30.3% in 2024Q2 to 23.9% in 2026Q2.
- While the company maintains a disciplined capital structure with a debt-to-equity ratio consistently below 0.40, the inherent lumpiness of its land-heavy strategy creates substantial volatility in free cash flow.
- Investors should monitor whether the firm can stabilize its operating margins, which have retreated to 13.7% in 2026Q2, amidst ongoing macroeconomic headwinds affecting move-up buyer mobility.
Verdict Logic
while the company maintains a robust current ratio of 4.66, the significant volatility in free cash flow margins and the compression of operating margins to 13.7% warrant a cautious wait-and-see approach.
TOL Growth Metrics
Toll Brothers, Inc. (TOL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.15%
5 Years9.15%
3 Years2.19%
TTM3.62%
Profit CAGR
10 Years14%
5 Years24.7%
3 Years1.53%
TTM-6.69%
EPS CAGR
10 Years21.21%
5 Years31.74%
3 Years7.36%
TTM-1.93%
Return on Capital
10 Years11.66%
5 Years15.89%
3 Years17.5%
Last Year15.45%
TOL Recent Earnings
Toll Brothers, Inc. (TOL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 19, 2026Metric
Actual
Est
EPS
$2.72+5.4%
$2.58
Rev
$2.5B+4.8%
$2.4B
Q1 2026
Feb 17, 2026Metric
Actual
Est
EPS
$2.19+6.8%
$2.05
Rev
$2.1B+15.7%
$1.9B
Q4 2025
Dec 8, 2025Metric
Actual
Est
EPS
$4.58-6.1%
$4.88
Rev
$3.4B+3.7%
$3.3B
Q3 2025
Aug 19, 2025Metric
Actual
Est
EPS
$3.73+3.6%
$3.60
Rev
$2.9B+3.1%
$2.9B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 19, 2026 | $2.72vs $2.58+5.4% | $2.5Bvs $2.4B+4.8% |
| Q1 2026 | Feb 17, 2026 | $2.19vs $2.05+6.8% | $2.1Bvs $1.9B+15.7% |
| Q4 2025 | Dec 8, 2025 | $4.58vs $4.88-6.1% | $3.4Bvs $3.3B+3.7% |
| Q3 2025 | Aug 19, 2025 | $3.73vs $3.60+3.6% | $2.9Bvs $2.9B+3.1% |
Based on last 12 quarters of dataView full earnings history →
Latest TOL News
Recent stock market news and headlines for Toll Brothers, Inc. (TOL)
Barrons·Jun 26, 2026
Home Builder Stocks Are Showing Newfound Strength. Why a 30% Gain Is Possible.Technical analysis indicates a home builder ETF could climb nearly 30% by the end of the year.
GlobeNewsWire·Jun 25, 2026
Toll Brothers Announces New Luxury Home Community Coming Soon to Peoria, ArizonaToll Brothers at Saddleback brings modern single-story homes and resort-style amenities to premier master-planned community Toll Brothers at Saddleback brings modern single-story homes and resort-style amenities to premier master-planned community
GlobeNewsWire·Jun 25, 2026
Toll Brothers Announces Opening of Vinova in Rancho Cucamonga, CaliforniaNew luxury home community offers pre-model pricing on two collections of homes in Rancho Cucamonga New luxury home community offers pre-model pricing on two collections of homes in Rancho Cucamonga
GlobeNewsWire·Jun 25, 2026
New Phase of Luxury Homes Now Open at Toll Brothers at Woodburn in Leesburg, VirginiaCommunity offers estate-sized home sites in a scenic, wooded setting near historic downtown Leesburg Community offers estate-sized home sites in a scenic, wooded setting near historic downtown Leesburg
Peers Comparison
Key metrics vs top competitors for Toll Brothers, Inc. (TOL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $155.13 | $14.69B | 11.50 | 1.11% | 12.28% | 16.86% | 0.63% | |
| $156.88 | $45.45B | 13.56 | -6.93% | 9.51% | 12.94% | — | |
| $87.65 | $21.76B | 10.98 | -3.54% | 5.39% | 7.98% | — | |
| $131.38 | $25.24B | 11.81 | -3.54% | 12.14% | 15.92% | — | |
| $6693.66 | $18.07B | 15.33 | -2.08% | 12.77% | 32.66% | — | |
| $152.37 | $3.93B | 10.34 | -1.93% | 8.24% | 11.42% | — |
Compare TOL vs Peers
Toll Brothers, Inc. (TOL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TOL SEC Filings & Documents
Toll Brothers, Inc. (TOL) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 19, 2026·SEC
Material company update
May 13, 2026·SEC
Material company update
Mar 31, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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TOL Frequently Asked Questions
Toll Brothers, Inc. (TOL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Toll Brothers, Inc.'s revenue?
Toll Brothers, Inc. (TOL) reported $11.05B in revenue for fiscal year 2025. This represents a 1352% increase from $760.7M in 1996.
How fast is Toll Brothers, Inc. growing?
Toll Brothers, Inc. (TOL) grew revenue by 1.1% over the past year. Growth has been modest.
Is TOL profitable?
Yes, Toll Brothers, Inc. (TOL) is profitable, generating $1.29B in net income for fiscal year 2025 (12.3% net margin).
Dividend & Returns
Does TOL pay dividends?
Yes, Toll Brothers, Inc. (TOL) pays a dividend with a yield of 0.63%. This makes it attractive for income-focused investors.
What is TOL's return on equity?
Toll Brothers, Inc. (TOL) has a return on equity (ROE) of 16.9%. This is reasonable for most industries.
What is Toll Brothers, Inc.'s free cash flow?
Toll Brothers, Inc. (TOL) generated $1.22B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.