Filing Flows › Toll Brothers (TOL) › Q4 FY24
Toll Brothers (TOL) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 20, 2024
Toll Brothers (TOL) reported revenue of $3.3B for the fourth quarter fiscal 2024 (Q4 FY24), +10% from a year earlier and +22% from the quarter before. Operating margin was 18.3%, net earnings $475M (14.2% of revenue).
Toll Brothers, Q4 FY24: revenue $3.3B (+10% year over year), operating margin 18.3%, net earnings $475M, operating cash flow $683M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +22% | +10% |
| Operating profit | $611M | +23% | +9% |
| Net earnings | $475M | +27% | +7% |
| Operating cash flow | $683M | +289% | +15% |
| Free cash flow | $664M | +343% | +16% |
What changed
Revenue was $3.3B in Q4 FY24, up 10% year over year and up 22% from the previous quarter. Home Building was the largest line at 98% of revenue. Home Building added $0.31B year over year (up 10%), 98% of the total change.
Operating profit was $0.61B, a 18.3% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, below the 18% margin then. Total costs grew 11% against revenue growth of 10%. The fastest-growing cost line was SG&A (+12%). Net earnings were $0.48B, up 7% year over year. The effective tax rate was 23.5%.
Operating cash flow was $0.68B (up 15% year over year), 144% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $0.18B. Capital expenditures of $0.02B left free cash flow of $0.66B.
Questions
What was Toll Brothers' revenue in the fourth quarter fiscal 2024?
Toll Brothers (TOL) reported revenue of $3.3B for the fourth quarter fiscal 2024 (Q4 FY24), +10% from a year earlier and +22% from the quarter before.
Was Toll Brothers profitable in the fourth quarter fiscal 2024?
Operating profit was $611M (18.3% of revenue) and net earnings $475M.
Source: Toll Brothers 10-K on SEC EDGAR.