Filing Flows › Toll Brothers (TOL) › Q2 FY25
Toll Brothers (TOL) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 29, 2025
Toll Brothers (TOL) reported revenue of $2.7B for the second quarter fiscal 2025 (Q2 FY25), -3% from a year earlier and +47% from the quarter before. Operating margin was 16.4%, net earnings $352M (12.9% of revenue).
Toll Brothers, Q2 FY25: revenue $2.7B (-4% year over year), operating margin 16.4%, net earnings $352M, operating cash flow $363M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +47% | -3% |
| Operating profit | $450M | +105% | -28% |
| Net earnings | $352M | +98% | -27% |
| Operating cash flow | $363M | — | -21% |
| Free cash flow | $347M | — | -22% |
What changed
Revenue was $2.7B in Q2 FY25, down 3% year over year and up 47% from the previous quarter. Home sales was the largest line at 99% of revenue. Land sales and other lost $0.16B year over year (down 83%), 160% of the total change.
Operating profit was $0.45B, a 16.4% margin (down 5.6 points year over year). Total costs grew 3% against a revenue fall of 3%. Net earnings were $0.35B, down 27% year over year. The effective tax rate was 26.2%.
Operating cash flow was $0.36B (down 21% year over year), 103% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $4.8M of share-based compensation. Capital expenditures of $0.02B left free cash flow of $0.35B.
Questions
What was Toll Brothers' revenue in the second quarter fiscal 2025?
Toll Brothers (TOL) reported revenue of $2.7B for the second quarter fiscal 2025 (Q2 FY25), -3% from a year earlier and +47% from the quarter before.
Was Toll Brothers profitable in the second quarter fiscal 2025?
Operating profit was $450M (16.4% of revenue) and net earnings $352M.
Source: Toll Brothers 10-Q on SEC EDGAR.