Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $5.82B | $7.14B | $7.22B | $7.08B | $8.79B | $10.3B | $9.99B | $10.8B | $11.0B |
| Revenue growth | — | — | 22.8% | 1.1% | -2.0% | 24.2% | 16.9% | -2.7% | 8.5% | 1.1% |
| Operating income | $492M | $647M | $786M | $681M | $550M | $1.02B | $1.51B | $1.72B | $2.04B | $1.72B |
| Operating margin | — | 11.1% | 11.0% | 9.4% | 7.8% | 11.6% | 14.7% | 17.3% | 18.8% | 15.7% |
| Net income | $382M | $535M | $748M | $590M | $447M | $834M | $1.29B | $1.37B | $1.57B | $1.35B |
| Net margin | — | 9.2% | 10.5% | 8.2% | 6.3% | 9.5% | 12.5% | 13.7% | 14.5% | 12.3% |
| EPS (diluted) | $2.18 | $3.17 | $4.85 | $4.03 | $3.40 | $6.63 | $10.90 | $12.36 | $15.01 | $13.49 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $151M | $862M | $588M | $438M | $1.01B | $1.30B | $987M | $1.27B | $1.01B | $1.11B |
| Capital expenditures | $28.4M | $28.9M | $28.2M | $87.0M | $110M | $66.9M | $71.7M | $73.0M | $73.6M | $86.2M |
| Free cash flow | $122M | $833M | $560M | $351M | $899M | $1.24B | $915M | $1.19B | $937M | $1.03B |
| Share buybacks | $393M | $291M | $503M | $234M | $634M | $378M | $543M | $562M | $627M | $651M |
| Dividends paid | $0.00 | $38.6M | $61.7M | $63.6M | $56.6M | $76.6M | $88.9M | $91.1M | $93.4M | $97.1M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $634M | $713M | $1.18B | $1.29B | $1.37B | $1.64B | $1.35B | $1.30B | $1.30B | $1.26B |
| Total assets | $9.74B | $9.45B | $10.2B | $10.8B | $11.1B | $11.5B | $12.3B | $12.5B | $13.4B | $14.5B |
| Total liabilities | $5.50B | $4.91B | $5.48B | $5.71B | $6.14B | $6.20B | $6.27B | $5.71B | $5.68B | $6.23B |
| Shareholders' equity | $4.23B | $4.53B | $4.76B | $5.07B | $4.88B | $5.30B | $6.01B | $6.80B | $7.67B | $8.27B |
| Retained earnings | $3.98B | $4.47B | $5.16B | $4.77B | $5.16B | $4.97B | $6.17B | $6.68B | $8.15B | $8.57B |
| Shares (wtd avg diluted) | 176M | 169M | 154M | 147M | 131M | 126M | 118M | 111M | 105M | 99.8M |
Every figure is extracted from Toll Brothers, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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