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Toll Brothers TOL Land sales and other — Cost of revenues

Other product segments

Home sales
$1.91B-4.4%

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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$14.49B+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:CostOfGoodsAndServicesSold.

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 itemNorthMid-AtlanticSouthMountainPacificTotalCorporate and otherTotal consolidated
398,638413,565666,271568,683484,9012,532,058(828)2,531,230
Cost of revenues:
Home sales291,333310,827497,859439,326373,2061,912,5516111,913,162
Land sales and other10,0692,053(2,304)3,55113,369(191)13,178
301,402312,880495,555442,877373,2061,925,9204201,926,340
Selling, general and administrative25,77828,41659,77739,61031,665185,24673,007258,253
Income (loss) from operations71,45872,269110,93986,19680,030420,892(74,255)346,637
Other:

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Toll Brothers's land sales and other — cost of revenues?
Toll Brothers (TOL) reported land sales and other — cost of revenues of $13.37M in Q1 2026.
How has Toll Brothers's land sales and other — cost of revenues changed year-over-year?
Toll Brothers's land sales and other — cost of revenues decreased by 57.5% year-over-year, from $31.42M to $13.37M.
What is the long-term trend for Toll Brothers's land sales and other — cost of revenues?
Over 4 years (2021 to 2025), Toll Brothers's land sales and other — cost of revenues has grown at a -17.6% compound annual growth rate (CAGR), from $309.01M to $142.75M.
What does land sales and other — cost of revenues mean?
This metric captures the direct costs associated with generating revenue from land sales and other miscellaneous activities. It includes the book value of the land sold, development costs incurred to prepare the land for sale, and other direct expenses related to these specific transactions. Tracking this helps assess the profitability of non-core asset liquidations.

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