Toll Brothers Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Toll Brothers Inc (TOL). It shows which part of the business is growing — and which one is holding it back.
Revenue by region
| Segment | 2023 | 2024 | 2025 |
|---|---|---|---|
| Mountain | $2.66B 26.8% | $2.62B 24.2% · -1.6% | $2.98B 27.2% · +13.7% |
| South | $2.22B 22.4% | $2.81B 26.0% · +26.5% | $2.72B 24.8% · -3.4% |
| Pacific | $2.34B 23.5% | $2.28B 21.1% · -2.5% | $2.12B 19.4% · -6.9% |
| North | $1.53B 15.4% | $1.49B 13.7% · -2.5% | $1.67B 15.3% · +12.4% |
| Mid-Atlantic | $1.19B 12.0% | $1.63B 15.1% · +37.2% | $1.47B 13.4% · -10.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2023 | 2024 | 2025 |
|---|---|---|---|
| Mountain | $515.0M 19.3% | $441.3M 16.9% | $506.7M 17.0% |
| South | $397.0M 17.9% | $557.3M 19.8% | $493.7M 18.2% |
| Pacific | $609.4M 26.1% | $540.4M 23.7% | $400.6M 18.9% |
| North | $190.4M 12.5% | $251.2M 16.9% | $319.5M 19.1% |
| Mid-Atlantic | $243.4M 20.5% | $470.1M 28.8% | $250.6M 17.1% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Home Building [Member] | $6.94B 98.0% | $8.43B 95.9% · +21.5% | $9.71B 94.4% · +15.2% | $9.87B 98.7% · +1.6% | $10.56B 97.3% · +7.1% | $10.84B 98.8% · +2.6% |
| Land [Member] | $140.3M 2.0% | $358.6M 4.1% · +155.6% | $564.4M 5.5% · +57.4% | $128.9M 1.3% · -77.2% | $283.4M 2.6% · +119.8% | $124.5M 1.1% · -56.1% |
| Management Fee [Member] | $3.6M 0.1% | $1.6M 0.0% · -54.7% | $8.0M 0.1% · +384.1% | $4.5M 0.0% · -44.0% | $4.3M 0.0% · -3.7% | $3.8M 0.0% · -10.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.