Operating Income for Toll Brothers (TOL)
According to Toll Brothers's latest reported financial statements, the company's current operating income (TTM) is $1.62B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.62B
YoY change
-15.7%
5Y CAGR
+25.6%
Peak year (2024)
$2.04B
Cumulative operating income
$16.74B
Operating Income history chart for Toll Brothers (TOL) from 1985 to 2025
Operating Income history table for Toll Brothers (TOL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.72B | -15.7% | -$319.57M | ||
| 2024 | $2.04B | +18.3% | +$315.43M | ||
| 2023 | $1.72B | +14.3% | +$216.13M | ||
| 2022 | $1.51B | +47.8% | +$487.75M | ||
| 2021 | $1.02B | +85.5% | +$470.62M | ||
| 2020 | $550.26M | -19.2% | -$130.54M | ||
| 2019 | $680.80M | -13.4% | -$105.42M | ||
| 2018 | $786.22M | +21.9% | +$141.28M | ||
| 2017 | $644.94M | +31.6% | +$154.88M | ||
| 2016 | $490.06M | +9.7% | +$43.19M | ||
| 2015 | $446.87M | +12.5% | +$49.62M | ||
| 2014 | $397.25M | +97.6% | +$196.18M | ||
| 2013 | $201.07M | +217.0% | +$137.64M | ||
| 2012 | $63.43M | -232.8% | +$111.18M | ||
| 2011 | -$47.75M | -72.6% | +$126.53M | ||
| 2010 | -$174.28M | -66.3% | +$342.88M | ||
| 2009 | -$517.16M | +29.1% | -$116.63M | ||
| 2008 | -$400.53M | +9669.1% | -$396.43M | ||
| 2007 | -$4.10M | -100.4% | -$1.03B | ||
| 2006 | $1.03B | -18.5% | -$232.65M | ||
| 2005 | $1.26B | +68.0% | +$509.28M | ||
| 2004 | $748.96M | +52.4% | +$257.37M | ||
| 2003 | $491.59M | +19.4% | +$79.74M | ||
| 2002 | $411.85M | +21.9% | +$73.96M | ||
| 2001 | $337.89M | +26.2% | +$70.21M | ||
| 2000 | $267.68M | +38.0% | +$73.68M | ||
| 1999 | $194.00M | +17.1% | +$28.30M | ||
| 1998 | $165.70M | +20.9% | +$28.60M | ||
| 1997 | $137.10M | +24.6% | +$27.10M | ||
| 1996 | $110.00M | +8.3% | +$8.40M | ||
| 1995 | $101.60M | +39.6% | +$28.80M | ||
| 1994 | $72.80M | +24.7% | +$14.40M | ||
| 1993 | $58.40M | +35.2% | +$15.20M | ||
| 1992 | $43.20M | +191.9% | +$28.40M | ||
| 1991 | $14.80M | -34.5% | -$7.80M | ||
| 1990 | $22.60M | -14.4% | -$3.80M | ||
| 1989 | $26.40M | -43.0% | -$19.90M | ||
| 1988 | $46.30M | +25.5% | +$9.40M | ||
| 1987 | $36.90M | +32.3% | +$9.00M | ||
| 1986 | $27.90M | +253.2% | +$20.00M | ||
| 1985 | $7.90M | — | — |
Operating Income values are taken from Toll Brothers's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Toll Brothers (TOL) most recent annual operating income stands at $1.72B (2025) – declined 15.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Toll Brothers operating income compounded at +25.6% per year, with the latest reading among the more recent periods of the dataset.
Between 2024 and 2025, Toll Brothers operating income declined 15.7%, falling from $2.04B to $1.72B.
The dataset's maximum operating income sits at $2.04B (2024); the minimum reading of -$517.16M dates to 2009.
Within Consumer Cyclical, Toll Brothers (TOL) ranks 9th among 8 peers we track. The peer median for operating income is $16.64B.
Toll Brothers Operating Income by Year
Toll Brothers Operating Income 2025: $1.72B
Toll Brothers operating income in 2025 was $1.72B, declined 15.7% below 2024.
Toll Brothers Operating Income 2024: $2.04B
Toll Brothers operating income in 2024 was $2.04B, grew 18.3% from 2023. This figure represents the highest annual value in the available history.
Toll Brothers Operating Income 2023: $1.72B
Toll Brothers operating income in 2023 was $1.72B, grew 14.3% from 2022.
Toll Brothers Operating Income 2022: $1.51B
Toll Brothers operating income in 2022 was $1.51B, surged 47.8% from 2021.
Toll Brothers Operating Income 2021: $1.02B
Toll Brothers operating income in 2021 was $1.02B.
See more financial history for Toll Brothers (TOL).
Sector peers — Operating Income
Companies in the same sector as Toll Brothers, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| PDD Holdings (PDD) | $93.10B | Consumer Cyclical |
| Amazon (AMZN) | $79.97B | Consumer Cyclical |
| Alibaba (BABA) | $59.66B | Consumer Cyclical |
| Home Depot (HD) | $20.89B | Consumer Cyclical |
| McDonald's (MCD) | $12.39B | Consumer Cyclical |
| Booking Holdings (BKNG) | $9.28B | Consumer Cyclical |
| TJX Companies (TJX) | $7.18B | Consumer Cyclical |
| Tesla (TSLA) | $4.36B | Consumer Cyclical |
Frequently asked questions
What is Toll Brothers's operating income?
Latest reported operating income for Toll Brothers (TOL) is $1.62B (period ending April 30, 2026).
How has Toll Brothers operating income changed year-over-year?
Toll Brothers (TOL) operating income changed -15.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Toll Brothers operating income?
Toll Brothers (TOL) operating income compound annual growth rate is +25.6% over the most recent 5 years available.
When did Toll Brothers operating income hit its highest annual value?
Toll Brothers operating income reached its highest annual value of $2.04B in 2024.
What was Toll Brothers operating income in 2024?
Toll Brothers (TOL) operating income in 2024 was $2.04B.
What was Toll Brothers operating income in 2025?
Toll Brothers (TOL) operating income in 2025 was $1.72B.
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