Toll Brothers Cash Flow Statement
NYSE: TOLConsumer DiscretionaryHomebuildingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Toll Brothers free cash flow
In fiscal 2025, Toll Brothers generated $1.11 billion of operating cash flow and spent $86.2 million on capital expenditures. That left free cash flow of $1.03 billion, a free-cash-flow margin of 9.4% of revenue. Free cash flow was up 9.6% from the prior year's $936.5 million.
Toll Brothers returned $748.1 million to shareholders: $97.1 million in dividends and $651.0 million in share repurchases, equal to 73% of free cash flow. Free cash flow covered dividend payments 10.6 times.
Summary generated from market data by MetaCap's automated system. Methodology
Toll Brothers cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-10-31 | FY 20242024-10-31 | FY 20232023-10-31 | FY 20222022-10-31 | FY 20212021-10-31 | FY 20202020-10-31 | FY 20192019-10-31 | FY 20182018-10-31 | FY 20172017-10-31 | FY 20162016-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.35B | 1.57B | 1.37B | 1.29B | 833.63M | 446.62M | 590.01M | 748.15M | 535.50M | 382.10M |
| Net Income growth (YoY) | -14.30% | +14.51% | +6.65% | +54.33% | +86.65% | -24.30% | -21.14% | +39.71% | +40.15% | +5.21% |
| Depreciation & Amortization | 82.08M | 81.20M | 76.47M | 76.82M | 76.25M | 68.87M | 72.15M | 25.26M | 25.36M | 23.12M |
| Stock-Based Compensation | 30.83M | 29.56M | 24.80M | 21.09M | 23.19M | 24.33M | 26.18M | 28.31M | 28.47M | 26.68M |
| Change in Working Capital | -523.27M | -674.71M | -134.17M | -469.61M | 184.24M | 495.12M | -90.71M | -85.67M | -10.80M | 133.38M |
| Operating Cash Flow | 1.11B | 1.01B | 1.27B | 986.82M | 1.30B | 1.01B | 437.66M | 588.21M | 861.70M | 150.88M |
| Capital Expenditures | -86.19M | -73.64M | -72.96M | -71.73M | -66.88M | -109.56M | -86.97M | -28.23M | -28.87M | -28.43M |
| Investing Cash Flow | -310.03M | -167.62M | -150.60M | -153.18M | -4.24M | -177.84M | -75.91M | 81.27M | -7.68M | 8.21M |
| Dividends Paid | -97.08M | -93.40M | -91.08M | -88.90M | -76.62M | -56.59M | -63.64M | -61.70M | -38.59M | 0 |
| Share Repurchases | -651.02M | -627.06M | -561.60M | -542.74M | -378.26M | -634.06M | -233.52M | -503.16M | -290.88M | -392.77M |
| Debt Issued | 498.18M | 0 | 0 | — | 0 | 0 | 400.00M | 400.00M | 455.48M | — |
| Debt Repaid | -350.02M | 0 | -400.00M | -409.86M | -294.17M | 0 | -600.00M | 0 | -687.50M | — |
| Financing Cash Flow | -833.88M | -816.46M | -1.17B | -1.12B | -1.01B | -753.31M | -258.51M | -214.30M | -878.25M | -442.26M |
| Net Change in Cash | -31.50M | 26.09M | -54.21M | -285.86M | 287.81M | 76.96M | 103.23M | 455.18M | -24.23M | -285.28M |
| Free Cash Flow | 1.03B | 936.52M | 1.19B | 915.09M | 1.24B | 898.55M | 350.69M | 559.98M | 832.83M | 122.46M |
This table shows 10 annual periods of Toll Brothers's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow TOL's reporting calendar. What is a cash flow statement?