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Toll Brothers TOL Change in AP

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Other financials

Income statement

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Revenue$2.5B-7.6%
Gross profit$604.9M-14.3%
Operating income$346.6M-22.9%
Net income$260.6M-26.1%
EPS (diluted)$2.72-22.3%

Balance sheet

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Cash & equivalents$1.2B+53.9%
Total debt$139.8M+8.1%
Total equity$8.5B+6.6%
Total assets$14.5B+2.4%

Cash flow

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Operating cash flow$134.5M-62.9%
CapEx$24.5M+56.9%
Free cash flow$110.0M-68.3%

Valuation

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Market cap$14.55B+34.0%
Enterprise value$13.52B+32.0%
P/E11.3×+3.4×
P/S1.3×+0.3×

Profitability

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Gross margin24.2%-2.0pp
Operating margin14.6%-2.0pp
Net margin11.7%-1.3pp
FCF margin11%+4.2pp

Returns & leverage

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Return on equity15.7%-2.4pp
Debt / equity0.0×

Where this comes from

Reported directly by Toll Brothers in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

The official record: Toll Brothers’s 10-Q, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Toll Brothers's change in AP?
Toll Brothers (TOL) reported change in AP of -$33.78M in Q1 2026.
How has Toll Brothers's change in AP changed year-over-year?
Toll Brothers's change in AP decreased by 173.2% year-over-year, from $46.15M to -$33.78M.
What is the long-term trend for Toll Brothers's change in AP?
Over 2 years (2021 to 2024), Toll Brothers's change in AP has grown at a -68.2% compound annual growth rate (CAGR), from $214.83M to -$21.79M.
What does change in AP mean?
The change in the amount of money the company owes to its suppliers and contractors.
How do you interpret change in AP?
An increase allows the company to retain cash longer, effectively using interest-free financing from suppliers, whereas a decrease indicates faster settlement of obligations.
How does change in AP compare across companies?
Standard working capital metric; peers in construction often show increases during peak building seasons.