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Segments

By segment

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South$59.78M+1.7%
Mountain$39.61M-16.5%
Pacific$31.67M-0.5%
Mid-Atlantic$28.42M+7.2%
North$25.78M+11.5%

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$14.49B+17.2%
Enterprise value$13.45B+16.5%
P/E11.3×+2.3×
P/S1.3×+0.2×

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:SellingGeneralAndAdministrativeExpense.

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 itemThree months ended April 30, 2026Three months ended April 30, 2025Six months ended April 30, 2026Six months ended April 30, 2025
Home sales1,913,1622,002,2183,308,6243,383,698
Land sales and other13,17831,421286,35249,527
1,926,3402,033,6393,594,9763,433,225
Selling, general and administrative258,253255,760516,189496,174
Income from operations346,637449,678565,692668,809
Other:
(Loss) income from unconsolidated entities(16,720)11,48918,7242,746
Other income – net20,44116,33639,51727,330

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Toll Brothers's SG&A?
Toll Brothers (TOL) reported SG&A of $258.25M in Q1 2026.
How has Toll Brothers's SG&A changed year-over-year?
Toll Brothers's SG&A increased by 1.0% year-over-year, from $255.76M to $258.25M.
What is the long-term trend for Toll Brothers's SG&A?
Over 4 years (2021 to 2025), Toll Brothers's SG&A has grown at a 2.9% compound annual growth rate (CAGR), from $922.02M to $1.03B.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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