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Toll Brothers TOL Contract Liabilities

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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$14.14B+14.5%
Enterprise value$13.11B+13.5%
P/E11×+2.0×
P/S1.3×+0.1×

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:ContractWithCustomerLiability.

The source filing: Toll Brothers’s 10-Q, filed May 29, 2026.

Filed
May 29, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000794170-26-000087
Line itemApril 30, 2026October 31, 2025
Loans payable$903,336$896,388
Senior notes1,742,1541,741,525
Mortgage company loan facility138,202150,000
Customer deposits472,098418,897
Accounts payable461,439615,771
Accrued expenses2,158,6182,061,919
Liabilities related to assets held for sale172,186
Income taxes payable171,337177,116

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Toll Brothers's contract liabilities?
Toll Brothers (TOL) reported contract liabilities of $472.1M in Q1 2026.
How has Toll Brothers's contract liabilities changed year-over-year?
Toll Brothers's contract liabilities decreased by 8.3% year-over-year, from $514.97M to $472.1M.
What is the long-term trend for Toll Brothers's contract liabilities?
Over 5 years (2020 to 2025), Toll Brothers's contract liabilities has grown at a -1.8% compound annual growth rate (CAGR), from $459.41M to $418.9M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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