Toll Brothers (TOL) Operating Margin (2009 - 2026)
Toll Brothers (TOL) reported Operating Margin of 13.51% for fiscal Q3 2026 (quarter ended Jul 31, 2026), down 3.05 percentage points from 16.56% a year earlier and down 0.19 percentage points from the prior quarter.
Toll Brothers (TOL) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Toll Brothers' Operating Margin came in at 13.84%, down 2.41 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it came in at 15.69%, down 3.12 percentage points from FY2024.
- Operating Margin has a five-year change of +7.91 percentage points (FY2020 to FY2025).
- By fiscal year, Operating Margin came in at 18.81% in FY2024 (+1.55 pp), 17.26% in FY2023 (+2.57 pp), 14.68% in FY2022 (+3.07 pp) and 11.61% in FY2021 (+3.84 pp).
- Five-year quarterly Operating Margin spans a low of 9.77% in fiscal Q1 2022 and a high of 21.97% in fiscal Q2 2024.
- Year over year, Operating Margin has now declined in each of the last nine quarters, with an average year-over-year change of -2.58 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was fiscal Q2 2024 (a gain of 4.99 percentage points); the low point was fiscal Q2 2025 (a drop of 5.56 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 13.69% (Q2 2026), 10.21% (Q1 2026) and 16.48% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 30.03 Bn | 2.15 Bn | 12.52% |
| 2 | Pultegroup | 22.34 Bn | 15.63 Bn | 1.06 Bn | 16.95% |
| 3 | Lennar | 17.27 Bn | 6.70 Bn | 807.31 Mn | -84.82% |
| 4 | Nvr | 16.72 Bn | 10.01 Bn | 485.14 Mn | 14.38% |
| 5 | Toll Brothers | 12.58 Bn | 7.96 Bn | 625.22 Mn | 13.51% |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 16.70% |
| 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 | 16.42% |
| 10 | M | 3.48 Bn | 550.71 Mn | 235.50 Mn | -68.02% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 13.51% |
| Apr 30, 2026 | 13.69% |
| Jan 31, 2026 | 10.21% |
| Oct 31, 2025 | 16.48% |
| Jul 31, 2025 | 16.56% |
| Apr 30, 2025 | 16.42% |
| Jan 31, 2025 | 11.79% |
| Oct 31, 2024 | 18.33% |
| Jul 31, 2024 | 18.23% |
| Apr 30, 2024 | 21.97% |
| Jan 31, 2024 | 15.83% |
| Oct 31, 2023 | 18.50% |
| Jul 31, 2023 | 19.17% |
| Apr 30, 2023 | 16.98% |
| Jan 31, 2023 | 12.66% |
| Oct 31, 2022 | 18.59% |
| Jul 31, 2022 | 14.50% |
| Apr 30, 2022 | 12.37% |
| Jan 31, 2022 | 9.77% |
| Oct 31, 2021 | 14.49% |
Toll Brothers Operating 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=operating-margin&ticker=TOL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=TOL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();