Toll Brothers, Inc.TOLEarnings & Financial Report
Toll Brothers, Inc. is an American homebuilding company that builds, markets, and finances for residential and commercial properties in the United States. In 2020, the company was the fifth largest home builder in the United States, based on homebuilding revenue. The company is ranked 411th on the Fortune 500.
Revenue
$1.9B
Gross Profit
$459.5M
Operating Profit
$219.1M
Net Profit
$177.7M
Gross Margin
24.7%
Operating Margin
11.8%
Net Margin
9.6%
YoY Growth
-4.6%
EPS
$1.75
Financial Flow
Toll Brothers, Inc. Q1 2025 Financial Summary
Toll Brothers, Inc. reported revenue of $1.9B (down 4.6% YoY) for Q1 2025, with a net profit of $177.7M (down 25.8% YoY) (9.6% margin). Cost of goods sold was $1.4B, operating expenses totaled $240.4M.
Key Financial Metrics
| Total Revenue | $1.9B |
|---|---|
| Net Profit | $177.7M |
| Gross Margin | 24.7% |
| Operating Margin | 11.8% |
| Report Period | Q1 2025 |
Revenue Breakdown
Toll Brothers, Inc. Q1 2025 revenue of $1.9B breaks down across 3 segments, led by Home Building at $1.8B (99.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Home Building | $1.8B | 99.0% |
| Land | $18.4M | 1.0% |
| Rental Joint Ventures Including Trusts I And II | $17.2M | 0.9% |
Toll Brothers, Inc. Revenue by Segment — Quarterly Trend
Toll Brothers, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Home Building and Land) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Home Building | $3.4B | $2.9B | $2.7B | $1.8B |
| Land | $9.4M | $64.1M | $32.6M | $18.4M |
| Rental Joint Ventures Including Trusts I And II | — | — | $8.6M | $17.2M |
Toll Brothers, Inc. Annual Revenue by Year
Toll Brothers, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $11.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $11.0B |
| 2024 | $10.8B |
| 2023 | $10.0B |
| 2022 | $10.3B |
Toll Brothers, Inc. Quarterly Revenue & Net Profit History
Toll Brothers, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $3.4B | +2.7% | $446.7M | 13.0% |
| Q3 2025 | $2.9B | +8.0% | $369.6M | 12.6% |
| Q2 2025 | $2.7B | -3.5% | $352.4M | 12.9% |
| Q1 2025 | $1.9B | -4.6% | $177.7M | 9.6% |
| Q4 2024 | $3.3B | +10.4% | $475.4M | 14.3% |
| Q3 2024 | $2.7B | +1.5% | $374.6M | 13.7% |
| Q2 2024 | $2.8B | +13.2% | $481.6M | 17.0% |
| Q1 2024 | $1.9B | +9.4% | $239.6M | 12.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.95B | $2.84B | $2.73B | $3.33B | $1.86B | $2.74B | $2.95B | $3.42B |
| YoY Growth | 9.4% | 13.2% | 1.5% | 10.4% | -4.6% | -3.5% | 8.0% | 2.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $12.52B | $13.25B | $13.36B | $13.37B | $13.62B | $14.20B | $14.40B | $14.52B |
| Liabilities | $5.49B | $5.93B | $5.93B | $5.68B | $5.81B | $6.23B | $6.29B | $6.23B |
| Equity | $7.02B | $7.31B | $7.41B | $7.67B | $7.80B | $7.95B | $8.10B | $8.27B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-307.0M | $459.0M | $175.6M | $682.5M | $-420.8M | $362.8M | $370.3M | $800.0M |