Toll Brothers, Inc. (TOL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TOL Revenue Growth
Revenue Breakdown (FY 2025)
TOL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
TOL Revenue Analysis (2014–2025)
As of May 8, 2026, Toll Brothers, Inc. (TOL) generated trailing twelve-month (TTM) revenue of $10.97 billion, reflecting modest growth of +2.7% year-over-year. The most recent quarter (Q4 2025) recorded $3.42 billion in revenue, up 16.2% sequentially.
Looking at the longer-term picture, TOL's 5-year compound annual growth rate (CAGR) stands at +9.2%, indicating steady revenue expansion. The company achieved its highest annual revenue of $10.97 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows TOL's business is primarily driven by Home Building (99%), and Land (1%). With over half of revenue concentrated in Home Building, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including DHI (-5.6% YoY), LEN (-3.8% YoY), and PHM (-5.9% YoY), TOL has outperformed the peer group in terms of revenue growth. Compare TOL vs DHI →
TOL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TOLCurrent | $11.0B | +2.7% | +9.2% | 15.7% | |
 DHI | $34.3B | -5.6% | +11.0% | 12.9% | |
 LEN | $34.2B | -3.8% | +8.8% | 8.0% | |
 PHM | $17.3B | -5.9% | +9.4% | 17.3% | |
 NVR | $10.3B | -3.5% | +6.5% | 16.2% | |
 MHO | $4.4B | -1.5% | +7.7% | 11.5% |
TOL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $10.97B | +1.1% | $2.85B | 26.0% | $1.72B | 15.7% |
| 2024 | $10.85B | +8.5% | $3.02B | 27.9% | $2.04B | 18.8% |
| 2023 | $9.99B | -2.7% | $2.63B | 26.4% | $1.72B | 17.3% |
| 2022 | $10.28B | +16.9% | $2.49B | 24.2% | $1.51B | 14.7% |
| 2021 | $8.79B | +24.2% | $1.94B | 22.1% | $1.02B | 11.6% |
| 2020 | $7.08B | -2.0% | $1.42B | 20.0% | $550.3M | 7.8% |
| 2019 | $7.22B | +1.1% | $1.42B | 19.6% | $680.8M | 9.4% |
| 2018 | $7.14B | +22.8% | $1.47B | 20.6% | $786.2M | 11.0% |
| 2017 | $5.82B | +12.5% | $1.25B | 21.5% | $644.9M | 11.1% |
| 2016 | $5.17B | +23.9% | $1.03B | 19.8% | $490.1M | 9.5% |
Full TOL Stock Analysis
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Start ComparisonTOL — Frequently Asked Questions
Quick answers to the most common questions about buying TOL stock.
Is TOL's revenue growth accelerating or slowing?
TOL revenue growth slowed to +2.7%, below the 5-year CAGR of +9.2%. TTM revenue is $11.0B. The deceleration marks a shift from historical growth rates.
What is TOL's long-term revenue growth rate?
Toll Brothers, Inc.'s 5-year revenue CAGR of +9.2% reflects the variable expansion pattern. Current YoY growth of +2.7% is near this long-term average.
How is TOL's revenue distributed by segment?
TOL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.