Toll Brothers, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.97B | $10.85B | $9.99B | $10.28B | $8.79B | $7.08B | $7.22B | $7.14B |
| Cost of Revenue | $8.21B | $7.82B | $7.36B | $7.79B | $6.85B | $5.66B | $5.66B | $5.54B |
| Gross Profit | $2.75B | $3.02B | $2.63B | $2.49B | $1.94B | $1.42B | $1.56B | $1.61B |
| Gross Margin | 25.1% | 27.9% | 26.4% | 24.2% | 22.1% | 20.0% | 21.6% | 22.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.03B | $982.3M | $909.4M | $977.8M | $922.0M | $867.4M | $879.2M | $820.2M |
| Operating Income | $1.72B | $2.04B | $1.72B | $1.51B | $1.02B | $550.3M | $680.8M | $786.2M |
| Operating Margin | 15.7% | 18.8% | 17.3% | 14.7% | 11.6% | 7.8% | 9.4% | 11.0% |
| Interest Expense | — | — | — | $0 | $0 | $2.4M | $0 | $0 |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $444.9M | $514.4M | $470.3M | $417.2M | $266.7M | $140.3M | $197.2M | $185.8M |
| Net Income | $1.35B | $1.57B | $1.37B | $1.29B | $833.6M | $446.6M | $590.0M | $748.2M |
| Net Margin | 12.3% | 14.5% | 13.7% | 12.5% | 9.5% | 6.3% | 8.2% | 10.5% |
| EPS (Basic) | $13.60 | $15.16 | $12.47 | $11.02 | $6.72 | $3.43 | $4.07 | $4.92 |
| EPS (Diluted) | $13.49 | $15.01 | $12.36 | $10.90 | $6.63 | $3.40 | $4.03 | $4.85 |
| Shares Outstanding (Basic) | 99.0M | 103.7M | 110.0M | 116.8M | 124.1M | 130.1M | 145.0M | 152.0M |
| Shares Outstanding (Diluted) | 99.8M | 104.7M | 111.0M | 118.0M | 125.8M | 131.2M | 146.5M | 154.2M |
| Dividends Per Share | $0.98 | $0.90 | $0.83 | $0.77 | $0.62 | $0.44 | $0.44 | $0.41 |