TOL Toll Brothers margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 51

Gross margin

23.7%

Operating margin

13.8%

EBITDA margin

15.5%

Net margin

11.1%

Current Toll Brothers reports a gross margin of 23.7%, an operating margin of 13.8%, an EBITDA margin of 15.5%, and a net margin of 11.1%. Operating margin headed the decline across the available margins, falling by 2.5 percentage points.

TOL margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Toll Brothers's margins averaged 26.15% gross, 16.83% operating, 18.31% EBITDA, and 13.19% net. Each of the four current margins is below its three-year average.

TOL margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all declined, with operating margin showing the largest decrease at 2.5 percentage points.

Gross margin expansion

-1.9pp

Operating margin expansion

-2.5pp

EBITDA margin expansion

-2pp

Net margin expansion

-1.5pp

TOL Gross margin

Over the last 3 years, Toll Brothers's gross margin averaged 26.15%. The current gross margin of 23.7% is 2.5 percentage points below its three-year average. During this period, gross margin reached a high of 28.1% in Apr 2024 and a low of 23.7% in Jul 2026.

TOL Operating margin

Across the last 3 years, Toll Brothers's operating margin stood at 16.83%. At present, the current operating margin for Toll Brothers is 13.8%, 3 percentage points below its three-year average. Operating margin was highest at 19.1% in Apr 2024 and lowest at 13.8% in Jul 2026.

TOL EBITDA margin

Reviewing the last 3 years, Toll Brothers recorded an average EBITDA margin of 18.31%. Toll Brothers's current EBITDA margin is 15.5% and is 2.8 percentage points below its three-year average. The highest EBITDA margin for Toll Brothers was 20.9% in Apr 2024, while the lowest was 15.5% in Jul 2026.

TOL Net margin

Over the last 3 years, the average net margin for Toll Brothers was 13.19%. The latest net margin for Toll Brothers is 11.1%, 2.1 percentage points below its three-year average. Toll Brothers's net margin ranged from a low of 11.1% in Jul 2026 to a high of 15.1% in Apr 2024.

TOL margin group comparison

Margins compared with peer-group, industry and sector averages

Toll Brothers's gross margin of 23.7% is above the industry and its peers average but below the Consumer Cyclical sector average. In comparison with its Consumer Cyclical sector average of 36.3%, Toll Brothers's gross margin is 35% lower.

TOL margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Toll Brothers's gross margin?

For the period ending Jul 31, 2026, TOL recorded a gross margin of 23.7%.

What is Toll Brothers's operating margin?

For the period ending Jul 31, 2026, TOL recorded an operating margin of 13.8%.

What is Toll Brothers's EBITDA margin?

For the period ending Jul 31, 2026, TOL recorded an EBITDA margin of 15.5%.

What is Toll Brothers's net margin?

As of Jul 31, 2026, TOL has a net margin of 11.1%.

What are the average margins of TOL?

The three-year average margins for TOL were 26.2% gross, 16.8% operating, 18.3% EBITDA, and 13.2% net.

What are the highest historical margins of TOL?

Over this 5-year history, TOL peaked at 28.1% gross in Apr 2024, 19.1% operating in Apr 2024, 20.9% EBITDA in Apr 2024, and 15.1% net in Apr 2024.

What are the lowest historical margins of TOL?

Over the last 5 years, Toll Brothers's lowest margins were 22.3% gross in Jan 2022, 11.9% operating in Jan 2022, 13.8% EBITDA in Jan 2022, and 9.9% net in Jan 2022.