Toll Brothers annual free cash flow
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2025
Toll Brothers Free Cash Flow (FCF) History (TOL)
Toll Brothers reported $1.03B in free cash flow for fiscal 2025, an increase of 9.58% from the previous fiscal year, with a free cash flow margin of 9.36%.
View full Toll Brothers company overviewToll Brothers free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-10-31 | $1.03B | $89.7M | +9.58% | +9.36% |
| 2024 | 2024-10-31 | $936.5M | −$256.9M | −21.53% | +8.63% |
| 2023 | 2023-10-31 | $1.19B | $278.4M | +30.42% | +11.94% |
| 2022 | 2022-10-31 | $915.1M | −$321.2M | −25.98% | +8.91% |
| 2021 | 2021-10-31 | $1.24B | $337.7M | +37.58% | +14.06% |
| 2020 | 2020-10-31 | $898.6M | $547.9M | +156.22% | +12.70% |
| 2019 | 2019-10-31 | $350.7M | −$209.3M | −37.37% | +4.85% |
| 2018 | 2018-10-31 | $560.0M | −$272.8M | −32.76% | +7.84% |
| 2017 | 2017-10-31 | $832.8M | $710.4M | +580.09% | +14.32% |
| 2016 | 2016-10-31 | $122.5M | $71.7M | +141.37% | — |
| 2015 | 2015-10-31 | $50.7M | −$247.4M | −82.98% | — |
| 2014 | 2014-10-31 | $298.1M | $893.7M | — | — |
| 2013 | 2013-10-31 | −$595.5M | −$412.1M | — | — |
| 2012 | 2012-10-31 | −$183.5M | −$226.8M | — | — |
| 2011 | 2011-10-31 | $43.3M | $194.4M | — | — |
| 2010 | 2010-10-31 | −$151.1M | −$431.6M | — | — |
| 2009 | 2009-10-31 | $280.5M | −$538.2M | −65.74% | — |
| 2008 | 2008-10-31 | $818.6M | — | — | — |
Toll Brothers quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-04-30 | $110.0M | −$237.3M | −68.33% | +4.35% |
| Q1 2026 | 2026-01-31 | −$11.6M | $426.5M | — | −0.54% |
| Q4 2025 | 2025-10-31 | $772.2M | $107.9M | +16.24% | +22.56% |
| Q3 2025 | 2025-07-31 | $344.9M | $195.0M | +130.12% | +11.71% |
| Q2 2025 | 2025-04-30 | $347.3M | −$95.7M | −21.60% | +12.68% |
| Q1 2025 | 2025-01-31 | −$438.1M | −$117.5M | — | −23.56% |
| Q4 2024 | 2024-10-31 | $664.3M | $91.8M | +16.03% | +19.93% |
| Q3 2024 | 2024-07-31 | $149.9M | −$365.0M | −70.90% | +5.49% |
| Q2 2024 | 2024-04-30 | $442.9M | −$40.6M | −8.40% | +15.61% |
| Q1 2024 | 2024-01-31 | −$320.6M | $56.9M | — | −16.46% |
| Q4 2023 | 2023-10-31 | $572.5M | −$645.7M | −53.00% | +18.96% |
| Q3 2023 | 2023-07-31 | $514.9M | $573.9M | — | +19.16% |
| Q2 2023 | 2023-04-30 | $483.5M | $428.5M | +778.17% | +19.29% |
| Q1 2023 | 2023-01-31 | −$377.5M | −$78.3M | — | −21.21% |
| Q4 2022 | 2022-10-31 | $1.22B | $384.6M | +46.14% | +32.82% |
| Q3 2022 | 2022-07-31 | −$59.0M | −$464.0M | — | −2.37% |
| Q2 2022 | 2022-04-30 | $55.1M | $98.2M | — | +2.42% |
| Q1 2022 | 2022-01-31 | −$299.2M | −$340.0M | — | −16.70% |
| Q4 2021 | 2021-10-31 | $833.6M | $1.6M | +0.20% | +27.41% |
| Q3 2021 | 2021-07-31 | $405.0M | $96.5M | +31.28% | +17.96% |
| Q2 2021 | 2021-04-30 | −$43.2M | −$194.5M | — | −2.24% |
| Q1 2021 | 2021-01-31 | $40.8M | $434.1M | — | +2.61% |
| Q4 2020 | 2020-10-31 | $832.0M | $442.5M | +113.59% | +32.68% |
| Q3 2020 | 2020-07-31 | $308.5M | $216.7M | +236.04% | +18.68% |
| Q2 2020 | 2020-04-30 | $151.4M | $77.2M | +104.04% | +9.77% |
| Q1 2020 | 2020-01-31 | −$393.3M | −$188.5M | — | −29.54% |
| Q4 2019 | 2019-10-31 | $389.5M | −$266.2M | −40.60% | +16.37% |
| Q3 2019 | 2019-07-31 | $91.8M | −$145.2M | −61.27% | +5.20% |
| Q2 2019 | 2019-04-30 | $74.2M | $75.4M | — | +4.32% |
| Q1 2019 | 2019-01-31 | −$204.8M | $126.7M | — | −15.02% |
| Q4 2018 | 2018-10-31 | $655.7M | $208.5M | +46.61% | +26.71% |
| Q3 2018 | 2018-07-31 | $237.0M | $82.8M | +53.68% | +12.39% |
| Q2 2018 | 2018-04-30 | −$1.3M | −$214.7M | — | −0.08% |
| Q1 2018 | 2018-01-31 | −$331.5M | −$349.4M | — | −28.20% |
| Q4 2017 | 2017-10-31 | $447.2M | −$23.8M | −5.04% | — |
| Q3 2017 | 2017-07-31 | $154.2M | $479.6M | — | — |
| Q2 2017 | 2017-04-30 | $213.5M | $211.9M | +13127.82% | — |
| Q1 2017 | 2017-01-31 | $17.9M | $42.7M | — | — |
| Q4 2016 | 2016-10-31 | $471.0M | $301.8M | +178.31% | — |
| Q3 2016 | 2016-07-31 | −$325.3M | −$250.7M | — | — |
| Q2 2016 | 2016-04-30 | $1.6M | $9.5M | — | — |
| Q1 2016 | 2016-01-31 | −$24.8M | $11.1M | — | — |
| Q4 2015 | 2015-10-31 | $169.2M | −$99.8M | −37.09% | — |
| Q3 2015 | 2015-07-31 | −$74.7M | −$175.7M | — | — |
| Q2 2015 | 2015-04-30 | −$7.9M | −$189.2M | — | — |
| Q1 2015 | 2015-01-31 | −$35.9M | $217.3M | — | — |
| Q4 2014 | 2014-10-31 | $269.0M | $383.8M | — | — |
| Q3 2014 | 2014-07-31 | $101.1M | $116.1M | — | — |
| Q2 2014 | 2014-04-30 | $181.3M | $335.7M | — | — |
| Q1 2014 | 2014-01-31 | −$253.2M | $58.0M | — | — |
| Q4 2013 | 2013-10-31 | −$114.8M | −$172.8M | — | — |
| Q3 2013 | 2013-07-31 | −$15.0M | −$51.2M | — | — |
| Q2 2013 | 2013-04-30 | −$154.5M | −$42.3M | — | — |
| Q1 2013 | 2013-01-31 | −$311.2M | −$145.7M | — | — |
| Q4 2012 | 2012-10-31 | $58.0M | $54.1M | +1402.64% | — |
| Q3 2012 | 2012-07-31 | $36.2M | $89.3M | — | — |
| Q2 2012 | 2012-04-30 | −$112.1M | −$286.1M | — | — |
| Q1 2012 | 2012-01-31 | −$165.5M | −$84.0M | — | — |
| Q4 2011 | 2011-10-31 | $3.9M | $91.0M | — | — |
| Q3 2011 | 2011-07-31 | −$53.1M | −$213.8M | — | — |
| Q2 2011 | 2011-04-30 | $174.0M | $325.9M | — | — |
| Q1 2011 | 2011-01-31 | −$81.5M | −$8.7M | — | — |
| Q4 2010 | 2010-10-31 | −$87.1M | — | — | — |
| Q3 2010 | 2010-07-31 | $160.7M | — | — | — |
| Q2 2010 | 2010-04-30 | −$151.9M | — | — | — |
| Q1 2010 | 2010-01-31 | −$72.7M | — | — | — |
Toll Brothers free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $898.6M to $1.03B, a compound annual growth rate of 2.69%. Toll Brothers's latest reported quarter, Q2 2026, generated $110.0M in free cash flow, a decrease of 68.33% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Toll Brothers filings at SEC.gov ↗