Toll Brothers (TOL) Gross Margin (2009 - 2026)
Toll Brothers' (TOL) quarterly Gross Margin came in at 23.52% in Q3 2026, down 166.0% year-over-year from 35.63% in Q3 2025, and down 1.6% quarter-over-quarter from 23.9% in Q2 2026.
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Toll Brothers (TOL) Gross Margin (2009 - 2026) Analysis & Trends
Toll Brothers has disclosed Gross Margin across 18 years of filings, most recently posting 23.52% for Q3 2026.
- In Q3 2026, Gross Margin fell 166.0% year-over-year to 23.52%; the TTM figure through Jul 2026 stood at 23.68% (down 144.0% YoY), while the FY2025 annual figure was 25.11%, down 275.0% from the prior year.
- Gross Margin came in at 23.52% for Q3 2026 at Toll Brothers, down from 23.9% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 30.35% in Q2 2024 to a low of 22.23% in Q1 2026.
- Average Gross Margin over 5 years is 25.03%, with a median of 24.72% recorded in 2025.
- Year-over-year, Gross Margin jumped 429 bps in 2024 and sank 460 bps in 2025.
- Over 5 years, Gross Margin stood at 23.27% in 2022, then advanced by 7 bps to 24.79% in 2023, then dropped by 0 bps to 24.76% in 2024, then retreated by 1 bps to 24.56% in 2025, then slipped by 4 bps to 23.52% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 23.52% in Q3 2026, 23.9% in Q2 2026, and 22.23% in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 37.01 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 22.45 Bn | 21.07 Bn | 1.06 Bn | 26.57% |
| 3 | Lennar | 19.43 Bn | 17.25 Bn | 7.69 Bn | 96.82% |
| 4 | Nvr | 16.68 Bn | 15.59 Bn | 485.14 Mn | 20.85% |
| 5 | Toll Brothers | 12.67 Bn | 11.61 Bn | 625.22 Mn | 23.52% |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 20.95% |
| 7 | Meritage Homes | 4.20 Bn | 3.39 Bn | 254.14 Mn | 18.14% |
| 8 | M | 3.64 Bn | 2.91 Bn | 235.50 Mn | 22.15% |
| 9 | Kb Home | 3.06 Bn | 3.00 Bn | 174.03 Mn | 15.64% |
| 10 | Green Brick Partners | 2.95 Bn | 2.82 Bn | 157.52 Mn | 31.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 23.52% |
| Apr 30, 2026 | 23.90% |
| Jan 31, 2026 | 22.23% |
| Oct 31, 2025 | 24.56% |
| Jul 31, 2025 | 25.17% |
| Apr 30, 2025 | 25.75% |
| Jan 31, 2025 | 24.72% |
| Oct 31, 2024 | 24.76% |
| Jul 31, 2024 | 27.20% |
| Apr 30, 2024 | 30.35% |
| Jan 31, 2024 | 27.64% |
| Oct 31, 2023 | 24.79% |
| Jul 31, 2023 | 27.69% |
| Apr 30, 2023 | 26.06% |
| Jan 31, 2023 | 24.54% |
| Oct 31, 2022 | 23.27% |
| Jul 31, 2022 | 23.83% |
| Apr 30, 2022 | 23.06% |
| Jan 31, 2022 | 22.44% |
| Oct 31, 2021 | 20.60% |