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Forensic Analysis · Homebuilders & Residential Construction · as of Nov 9, 2026

Toll Brothers, Inc. (TOL)

A forensic read on Toll Brothers, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

A · High-quality compounder
Forensic grade
Clean
Earnings quality
1
Forensic signals
16.9%
ROE
1.1%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Toll Brothers, Inc. earns an A (High-quality compounder) forensic quality grade. 1 forensic signal was flagged in its latest SEC filings, led by cash conversion.

What the filings flag

0.79×
FY2023–FY2025
Cash conversion. Over FY2023–FY2025, cumulative operating cash flow was 0.79× cumulative net income. Cash is lagging reported profit. The shortfall is profit tied up in working capital rather than collected — the accrual and receivables lines below show where.Cash conversion: operating cash flow divided by net income, the share of profit that arrived as cash.

Key fundamentals

Latest Revenue$10.97B
Revenue Growth YoY+1.1%
Revenue CAGR (2yr)+4.7%
Net Margin12.3%
Free Cash Flow$1.03B
Return on Equity16.9%
Debt / Equity0.21x

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.