What is Toll Brothers's south — inventory?

Toll Brothers (TOL) reported south — inventory of $2.54B in Q3 2025.

How has Toll Brothers's south — inventory changed year-over-year?

Toll Brothers's south — inventory increased by 13.9% year-over-year, from $2.23B to $2.54B.

What does south — inventory mean?

Represents the total value of land, land under development, and finished homes held for sale within the geographic segment. It is a critical measure of the capital tied up in the production pipeline and future revenue potential.

Toll Brothers (TOL) South — Inventory

Screener

Other geography segments

Mountain

$2.75B-2.0%

Pacific

$2.33B+14.6%

Mid-Atlantic

$1.66B+18.7%

North

$1.39B+12.5%

Similar metrics at other companies

BZHEast — Inventory

$486.58M+0.9%

BZHSoutheast — Inventory

$513.9M+16.7%

BZHWest — Inventory

$1.12B-2.2%

GRBKSoutheast — Total inventory

$293.64M-7.8%

GRBKCentral — Total inventory

$688.22M-7.4%

GRBKUS Central Region — Total inventory

$739.65M+7.4%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$134.5M-62.9%

CapEx$24.5M+56.9%

Free cash flow$110.0M-68.3%

Valuation

See full

Market cap$14.49B+17.2%

Enterprise value$13.45B+16.5%

P/E11.3×+2.3×

P/S1.3×+0.2×

Profitability

See full

Gross margin24.2%-2.0pp

Operating margin14.6%-2.0pp

Net margin11.7%-1.3pp

FCF margin11%+4.2pp

Returns & leverage

See full

Return on equity15.7%-2.4pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Toll Brothers in its filing.

Tagged under the XBRL concept us-gaap:InventoryOperativeBuilders.

The source filing: Toll Brothers’s 10-K, filed December 19, 2025.

Filed: Dec 18, 2025, 7:00 PM EST
Fiscal year: FY2025
Accession: 0000794170-25-000112

Line item	Land controlled for future communities	Land owned for future communities	Operating communities	Total
Balances at October 31, 2025
North	$45,707	$124,886	$1,223,239	$1,393,832
Mid-Atlantic	61,244	76,876	1,522,998	1,661,118
South	62,151	82,462	2,397,842	2,542,455
Mountain	16,973	93,413	2,642,887	2,753,273
Pacific	121,154	28,869	2,177,759	2,327,782
Total consolidated	$307,229	$406,506	$9,964,725	$10,678,460
Balances at October 31, 2024

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Toll Brothers's south — inventory?: Toll Brothers (TOL) reported south — inventory of $2.54B in Q3 2025.
How has Toll Brothers's south — inventory changed year-over-year?: Toll Brothers's south — inventory increased by 13.9% year-over-year, from $2.23B to $2.54B.
What does south — inventory mean?: Represents the total value of land, land under development, and finished homes held for sale within the geographic segment. It is a critical measure of the capital tied up in the production pipeline and future revenue potential.