Toll Brothers, Inc.

TOLNYSEConsumer Cyclical● Active

$138.02

+$0.11(+0.08%)

Market Cap$12.9B

P/E Ratio—

52W High$168.36

52W Low$104.09

Avg Volume1.2M

Open$137.65

Beta1.37

Free Cash Flow Financials Revenue

Toll Brothers, Inc. (TOL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TOL · free cash flow · updated Jun 8, 2026

Core FCF metrics

TOL · FCF · TTM · margin & CAGR

Free cash flow was $1.03B for FY2025 (fiscal year ending 2025-10-31), up 9.6% year-over-year The FCF margin was 9.4%. Five-year CAGR stands at +2.7%.

FY2025 Free Cash Flow$1.03B▲ +9.6% YoY

Trailing 12M (TTM)$1.22Btrailing 4 quarters sum

FCF Margin9.4%$1.03B ÷ revenue

3-Year CAGR+3.9%FY2022 → FY2025

5-Year CAGR+2.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TOL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.11B(86M)$1.03B▲ +9.6%9.4%

FY2024$1.01B(74M)$936.5M▼ 21.5%8.6%

FY2023$1.27B(73M)$1.19B▲ +30.4%11.9%

FY2022$986.8M(72M)$915.1M▼ 26.0%8.9%

FY2021$1.30B(67M)$1.24B▲ +37.6%14.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TOL · P/FCF · FCF yield · FCF per share

Toll Brothers, Inc. (TOL) trades at a FCF yield of 9.44% and a price-to-free-cash-flow ratio of 11.2x. FCF per share stands at $12.28, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

9.44%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$12.28

TTM FCF ÷ Shares Outstanding

Price / FCF

x11.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x12.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-10-31

Cash flow statement summary

TOL · cash flow statement · operating / investing / financing

For FY2025, Toll Brothers, Inc. generated $1.11B in operating cash flow and spent 86M in capital expenditures, yielding $1.03B in free cash flow.

Operating Activities

+$1.11B

Cash from core business operations

2025-10-31

Investing Activities

−$310.0M

CapEx, acquisitions & investments

2025-10-31

Financing Activities

−$833.9M

Buybacks, dividends & debt

2025-10-31

FCF FormulaOperating CF ($1.11B) − |CapEx| (86M) = FCF ($1.03B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

TOL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Toll Brothers, Inc.YOU

TOL

$1.03B+9.6%9.4%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Toll Brothers, Inc. (TOL) reported free cash flow of $1.03B for FY2025 (fiscal year ending 2025-10-31), up 9.6% year-over-year. The FCF margin was 9.4%.

Based on available data, Toll Brothers, Inc. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $1.24B in FY2021. The 5-year CAGR stands at +2.7%.

Toll Brothers, Inc.'s FCF yield is 9.44% and price-to-FCF ratio is 11.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TOL free cash flow · 8 questions

Toll Brothers, Inc. free cash flow was $1.03B for FY2025, up 9.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.22B.

TOL free cash flowTOL FCFTOL FCF 2025TOL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Toll Brothers, Inc. · Toll Brothers, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026