Toll Brothers (TOL) Net Margin (2009 - 2026)
Toll Brothers' Net Margin was 10.54% in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 2.01 percentage points from 12.55% a year earlier but up 0.24 percentage points from the prior quarter.
Toll Brothers (TOL) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Toll Brothers' Net Margin was 11.14% through Jul 31, 2026, down 1.50 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it came in at 12.28%, down 2.21 percentage points from FY2024.
- Net Margin shows a five-year change of +5.97 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Net Margin was 14.49% in FY2024 (+0.76 pp), 13.73% in FY2023 (+1.21 pp), 12.52% in FY2022 (+3.04 pp) and 9.48% in FY2021 (+3.17 pp).
- Quarterly Net Margin has moved between 8.48% (fiscal Q1 2022) and 17.26% (fiscal Q4 2022) over five years.
- Compared with a year earlier, Net Margin was higher in 1 of the last eight quarters, with an average year-over-year change of -1.76 percentage points.
- The best year-over-year quarter for Net Margin over five years was fiscal Q4 2022 (a gain of 4.95 percentage points); the worst was fiscal Q2 2025 (a drop of 4.11 percentage points).
- Per Business Quant data, TOL's Net Margin in the three fiscal quarters before Q3 2026 was 10.30% (Q2 2026), 9.83% (Q1 2026) and 13.05% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 30.03 Bn | 2.15 Bn | 9.81% |
| 2 | Pultegroup | 22.34 Bn | 15.63 Bn | 1.06 Bn | 11.85% |
| 3 | Lennar | 17.27 Bn | 6.70 Bn | 807.31 Mn | 3.84% |
| 4 | Nvr | 16.72 Bn | 10.01 Bn | 485.14 Mn | 10.16% |
| 5 | Toll Brothers | 12.58 Bn | 7.96 Bn | 625.22 Mn | 10.54% |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 7.11% |
| 7 | Champion Homes | 4.80 Bn | 2.28 Bn | - | - |
| 8 | Cavco Industries | 4.31 Bn | 3.07 Bn | - | - |
| 9 | Meritage Homes | 4.24 Bn | 1.16 Bn | 513.60 Mn | 3.23% |
| 10 | M | 3.48 Bn | 550.71 Mn | 235.50 Mn | 7.44% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 10.54% |
| Apr 30, 2026 | 10.30% |
| Jan 31, 2026 | 9.83% |
| Oct 31, 2025 | 13.05% |
| Jul 31, 2025 | 12.55% |
| Apr 30, 2025 | 12.87% |
| Jan 31, 2025 | 9.56% |
| Oct 31, 2024 | 14.26% |
| Jul 31, 2024 | 13.73% |
| Apr 30, 2024 | 16.97% |
| Jan 31, 2024 | 12.30% |
| Oct 31, 2023 | 14.75% |
| Jul 31, 2023 | 15.43% |
| Apr 30, 2023 | 12.77% |
| Jan 31, 2023 | 10.76% |
| Oct 31, 2022 | 17.26% |
| Jul 31, 2022 | 10.96% |
| Apr 30, 2022 | 9.69% |
| Jan 31, 2022 | 8.48% |
| Oct 31, 2021 | 12.31% |
Toll Brothers Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=TOL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "TOL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=TOL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();