Toll Brothers (TOL) Gross Margin (2009 - 2026)
Toll Brothers' (TOL) quarterly Gross Margin came in at 23.9% in Q2 2026, down 186.0% year-on-year from 27.79% in Q2 2025, and up 7.5% quarter-over-quarter from 22.23% in Q1 2026.
Toll Brothers (TOL) Gross Margin (2009 - 2026) Analysis & Trends
Toll Brothers has disclosed Gross Margin across 18 years of filings, most recently posting 23.9% for Q2 2026.
- Gross Margin for Q2 2026 came in at 23.9%, down 186.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 23.68% (up 3011.0% YoY), and the FY2025 annual result was 25.11%, down 275.0% from the prior year.
- Gross Margin came in at 23.9% for Q2 2026 at Toll Brothers, up from 22.23% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 27.33% in Q3 2023 to a low of 10881.15% in Q2 2023.
- The 5-year median for Gross Margin is 16.73% (2022), against an average of 1933.32%.
- Across the five-year window, Gross Margin sank 905586 bps in 2023 and surged 991290 bps in 2024, its largest moves.
- Toll Brothers' Gross Margin stood at 1994.44% in 2022, then plunged by 58 bps to 3153.26% in 2023, then slipped by 3 bps to 3238.88% in 2024, then surged by 101 bps to 24.56% in 2025, then retreated by 3 bps to 23.9% in 2026.
- The last three Gross Margin figures came in at 23.9% (Q2 2026), 22.23% (Q1 2026), and 24.56% (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 43.54 Bn | 42.20 Bn | 1.70 Bn | 22.54% |
| 2 | Pultegroup | 23.57 Bn | 21.76 Bn | 881.27 Mn | 25.85% |
| 3 | Lennar | 22.65 Bn | 20.45 Bn | 6.36 Bn | 96.10% |
| 4 | Nvr | 17.80 Bn | 16.15 Bn | 1.31 Bn | 69.49% |
| 5 | Toll Brothers | 13.73 Bn | 12.64 Bn | 604.89 Mn | 23.90% |
| 6 | Taylor Morrison Home | 6.88 Bn | 6.88 Bn | 290.64 Mn | 20.95% |
| 7 | Installed Building Products | 5.53 Bn | 5.05 Bn | 212.30 Mn | 32.14% |
| 8 | Meritage Homes | 4.85 Bn | 4.09 Bn | -269,000.00 | -0.07% |
| 9 | Cavco Industries | 4.56 Bn | 4.52 Bn | 135.92 Mn | 23.39% |
| 10 | Champion Homes | 4.39 Bn | 3.74 Bn | 172.19 Mn | 26.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 23.90% |
| Jan 31, 2026 | 22.23% |
| Oct 31, 2025 | 24.56% |
| Jul 31, 2025 | 23.51% |
| Apr 30, 2025 | 25.75% |
| Jan 31, 2025 | 24.72% |
| Oct 31, 2024 | -3,238.88% |
| Jul 31, 2024 | 27.11% |
| Apr 30, 2024 | -968.25% |
| Jan 31, 2024 | -8,702.07% |
| Oct 31, 2023 | -3,153.26% |
| Jul 31, 2023 | 27.33% |
| Apr 30, 2023 | -10,881.15% |
| Jan 31, 2023 | -4,269.07% |
| Oct 31, 2022 | -1,994.44% |
| Jul 31, 2022 | 15.78% |
| Apr 30, 2022 | -1,825.29% |
| Jan 31, 2022 | 17.67% |
| Oct 31, 2021 | -2,475.24% |
| Jul 31, 2021 | -8,163.08% |