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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$14.55B+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:SellingGeneralAndAdministrativeExpense.

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 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?
The overhead costs required to run the business, excluding direct construction costs.
How do you interpret SG&A?
An increase as a percentage of revenue may signal operational inefficiency or heavy investment in growth, while a decrease suggests improved operating leverage.
How does SG&A compare across companies?
Standard operating expense metric used by all public companies to measure overhead control.