Toll Brothers Inc (TOL) - Net Assets
Based on the latest financial reports, Toll Brothers Inc (TOL) has net assets worth $8.42 Billion USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.43 Billion) and total liabilities ($6.01 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TOL financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.42 Billion |
| % of Total Assets | 58.34% |
| Annual Growth Rate | 18.74% |
| 5-Year Change | 55.16% |
| 10-Year Change | 95.65% |
| Growth Volatility | 41.54 |
Toll Brothers Inc - Net Assets Trend (1985–2025)
This chart illustrates how Toll Brothers Inc's net assets have evolved over time, based on quarterly financial data. Also explore TOL total assets for the complete picture of this company's asset base.
Annual Net Assets for Toll Brothers Inc (1985–2025)
The table below shows the annual net assets of Toll Brothers Inc from 1985 to 2025. For live valuation and market cap data, see TOL market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $8.29 Billion | +7.80% |
| 2024-10-31 | $7.69 Billion | +12.82% |
| 2023-10-31 | $6.81 Billion | +13.14% |
| 2022-10-31 | $6.02 Billion | +12.76% |
| 2021-10-31 | $5.34 Billion | +8.38% |
| 2020-10-31 | $4.93 Billion | -3.74% |
| 2019-10-31 | $5.12 Billion | +7.33% |
| 2018-10-31 | $4.77 Billion | +5.11% |
| 2017-10-31 | $4.54 Billion | +7.13% |
| 2016-10-31 | $4.24 Billion | +0.17% |
| 2015-10-31 | $4.23 Billion | +9.52% |
| 2014-10-31 | $3.86 Billion | +15.62% |
| 2013-10-31 | $3.34 Billion | +6.76% |
| 2012-10-31 | $3.13 Billion | +20.65% |
| 2011-10-31 | $2.59 Billion | +1.31% |
| 2010-10-31 | $2.56 Billion | +1.69% |
| 2009-10-31 | $2.52 Billion | -22.27% |
| 2008-10-31 | $3.24 Billion | -8.42% |
| 2007-10-31 | $3.54 Billion | +3.26% |
| 2006-10-31 | $3.42 Billion | +23.71% |
| 2005-10-31 | $2.77 Billion | +44.14% |
| 2004-10-31 | $1.92 Billion | +30.03% |
| 2003-10-31 | $1.48 Billion | +30.73% |
| 2002-10-31 | $1.13 Billion | +23.77% |
| 2001-10-31 | $912.58 Million | +22.47% |
| 2000-10-31 | $745.14 Million | +20.91% |
| 1999-10-31 | $616.30 Million | +17.21% |
| 1998-10-31 | $525.80 Million | +36.47% |
| 1997-10-31 | $385.30 Million | +22.43% |
| 1996-10-31 | $314.70 Million | +22.59% |
| 1995-10-31 | $256.70 Million | +25.71% |
| 1994-10-31 | $204.20 Million | +22.20% |
| 1993-10-31 | $167.10 Million | +22.33% |
| 1992-10-31 | $136.60 Million | +15.57% |
| 1991-10-31 | $118.20 Million | +24.42% |
| 1990-10-31 | $95.00 Million | +10.72% |
| 1989-10-31 | $85.80 Million | +17.86% |
| 1988-10-31 | $72.80 Million | +49.18% |
| 1987-10-31 | $48.80 Million | +55.41% |
| 1986-10-31 | $31.40 Million | +265.12% |
| 1985-10-31 | $8.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Toll Brothers Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 109833.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.57 Billion | 103.68% |
| Common Stock | $1.03 Million | 0.01% |
| Other Comprehensive Income | $22.27 Million | 0.27% |
| Total Equity | $8.27 Billion | 100.00% |
Toll Brothers Inc Competitors by Market Cap
The table below lists competitors of Toll Brothers Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ARC Resources Ltd.
TO:ARX
|
$13.26 Billion |
|
Bharat Heavy Electricals Limited
NSE:BHEL
|
$13.27 Billion |
|
Focus Media Information Technology Co Ltd
SHE:002027
|
$13.29 Billion |
|
Ovintiv Inc
NYSE:OVV
|
$13.30 Billion |
|
Ascendis Pharma AS
F:A71
|
$13.23 Billion |
|
YPF Sociedad Anónima
F:YPF
|
$13.22 Billion |
|
The Siam Commercial Bank Public Company Limited
BK:SCB-R
|
$13.22 Billion |
|
NAT.B.GR. SPONS.ADR/1
F:NAG
|
$13.22 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Toll Brothers Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,670,928,000 to 8,270,663,000, a change of 599,735,000 (7.8%).
- Net income of 1,346,486,000 contributed positively to equity growth.
- Dividend payments of 97,075,000 reduced retained earnings.
- Share repurchases of 651,016,000 reduced equity.
- Other comprehensive income decreased equity by 9,005,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.35 Billion | +16.28% |
| Dividends Paid | $97.08 Million | -1.17% |
| Share Repurchases | $651.02 Million | -7.87% |
| Other Comprehensive Income | $-9.01 Million | -0.11% |
| Other Changes | $10.35 Million | +0.13% |
| Total Change | $- | 7.82% |
Book Value vs Market Value Analysis
This analysis compares Toll Brothers Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.69x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1951.26x to 1.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-10-31 | $0.07 | $139.84 | x |
| 1986-10-31 | $0.21 | $139.84 | x |
| 1987-10-31 | $0.40 | $139.84 | x |
| 1988-10-31 | $0.60 | $139.84 | x |
| 1989-10-31 | $0.72 | $139.84 | x |
| 1990-10-31 | $0.81 | $139.84 | x |
| 1991-10-31 | $0.95 | $139.84 | x |
| 1992-10-31 | $1.03 | $139.84 | x |
| 1993-10-31 | $1.25 | $139.84 | x |
| 1994-10-31 | $1.43 | $139.84 | x |
| 1995-10-31 | $1.75 | $139.84 | x |
| 1996-10-31 | $2.20 | $139.84 | x |
| 1997-10-31 | $2.65 | $139.84 | x |
| 1998-10-31 | $3.43 | $139.84 | x |
| 1999-10-31 | $4.12 | $139.84 | x |
| 2000-10-31 | $4.98 | $139.84 | x |
| 2001-10-31 | $5.90 | $139.84 | x |
| 2002-10-31 | $7.48 | $139.84 | x |
| 2003-10-31 | $9.77 | $139.84 | x |
| 2004-10-31 | $11.83 | $139.84 | x |
| 2005-10-31 | $16.42 | $139.84 | x |
| 2006-10-31 | $20.77 | $139.84 | x |
| 2007-10-31 | $21.53 | $139.84 | x |
| 2008-10-31 | $20.40 | $139.84 | x |
| 2009-10-31 | $15.58 | $139.84 | x |
| 2010-10-31 | $15.45 | $139.84 | x |
| 2011-10-31 | $15.40 | $139.84 | x |
| 2012-10-31 | $18.38 | $139.84 | x |
| 2013-10-31 | $18.76 | $139.84 | x |
| 2014-10-31 | $20.77 | $139.84 | x |
| 2015-10-31 | $22.89 | $139.84 | x |
| 2016-10-31 | $24.07 | $139.84 | x |
| 2017-10-31 | $26.77 | $139.84 | x |
| 2018-10-31 | $30.93 | $139.84 | x |
| 2019-10-31 | $34.94 | $139.84 | x |
| 2020-10-31 | $37.54 | $139.84 | x |
| 2021-10-31 | $42.45 | $139.84 | x |
| 2022-10-31 | $51.04 | $139.84 | x |
| 2023-10-31 | $61.23 | $139.84 | x |
| 2024-10-31 | $73.27 | $139.84 | x |
| 2025-10-31 | $82.89 | $139.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Toll Brothers Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.28%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.28%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.76x
- Recent ROE (16.28%) is above the historical average (15.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 45.35% | 5.10% | 1.07x | 8.31x | $3.04 Million |
| 1986 | 51.27% | 12.72% | 1.17x | 3.45x | $12.96 Million |
| 1987 | 35.25% | 12.54% | 0.75x | 3.73x | $12.32 Million |
| 1988 | 33.10% | 12.04% | 0.78x | 3.52x | $16.82 Million |
| 1989 | 15.27% | 7.41% | 0.51x | 4.06x | $4.52 Million |
| 1990 | 10.53% | 5.04% | 0.63x | 3.33x | $500.00K |
| 1991 | 4.23% | 2.84% | 0.56x | 2.64x | $-6.82 Million |
| 1992 | 12.15% | 5.93% | 0.73x | 2.82x | $2.94 Million |
| 1993 | 16.76% | 7.13% | 0.82x | 2.85x | $11.29 Million |
| 1994 | 17.73% | 7.21% | 0.86x | 2.87x | $15.78 Million |
| 1995 | 19.44% | 7.72% | 0.93x | 2.70x | $24.23 Million |
| 1996 | 17.06% | 7.06% | 0.91x | 2.66x | $22.23 Million |
| 1997 | 16.87% | 6.69% | 0.87x | 2.90x | $26.47 Million |
| 1998 | 16.11% | 7.02% | 0.96x | 2.39x | $32.12 Million |
| 1999 | 16.47% | 6.97% | 0.87x | 2.71x | $39.87 Million |
| 2000 | 19.59% | 8.09% | 0.89x | 2.72x | $71.43 Million |
| 2001 | 23.41% | 9.58% | 0.88x | 2.77x | $122.41 Million |
| 2002 | 19.47% | 9.44% | 0.80x | 2.56x | $106.94 Million |
| 2003 | 17.60% | 9.36% | 0.73x | 2.56x | $112.16 Million |
| 2004 | 21.31% | 10.51% | 0.79x | 2.56x | $217.11 Million |
| 2005 | 29.13% | 13.91% | 0.91x | 2.29x | $529.36 Million |
| 2006 | 20.07% | 11.22% | 0.81x | 2.22x | $344.85 Million |
| 2007 | 1.01% | 0.77% | 0.64x | 2.04x | $-317.87 Million |
| 2008 | -9.20% | -9.43% | 0.48x | 2.03x | $-621.58 Million |
| 2009 | -30.03% | -43.06% | 0.31x | 2.24x | $-1.01 Billion |
| 2010 | -0.13% | -0.23% | 0.29x | 2.02x | $-259.28 Million |
| 2011 | 1.53% | 2.70% | 0.29x | 1.95x | $-219.46 Million |
| 2012 | 15.57% | 25.87% | 0.30x | 1.98x | $174.36 Million |
| 2013 | 5.11% | 6.38% | 0.39x | 2.04x | $-163.31 Million |
| 2014 | 8.81% | 8.69% | 0.46x | 2.18x | $-46.04 Million |
| 2015 | 8.59% | 8.71% | 0.45x | 2.18x | $-59.64 Million |
| 2016 | 9.02% | 7.39% | 0.53x | 2.30x | $-41.43 Million |
| 2017 | 11.80% | 9.21% | 0.62x | 2.08x | $81.79 Million |
| 2018 | 15.69% | 10.47% | 0.70x | 2.15x | $271.26 Million |
| 2019 | 11.53% | 8.17% | 0.67x | 2.12x | $78.14 Million |
| 2020 | 9.06% | 6.31% | 0.64x | 2.25x | $-46.12 Million |
| 2021 | 15.61% | 9.48% | 0.76x | 2.16x | $299.58 Million |
| 2022 | 21.36% | 12.52% | 0.84x | 2.04x | $684.32 Million |
| 2023 | 20.19% | 13.73% | 0.80x | 1.84x | $692.36 Million |
| 2024 | 20.48% | 14.49% | 0.81x | 1.74x | $804.10 Million |
| 2025 | 16.28% | 12.28% | 0.76x | 1.76x | $519.42 Million |
Industry Comparison
This section compares Toll Brothers Inc's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $911,849,300
- Average return on equity (ROE) among peers: 13.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Toll Brothers Inc (TOL) | $8.42 Billion | 45.35% | 0.71x | $13.24 Billion |
| Beazer Homes USA Inc (BZH) | $1.23 Billion | 11.38% | 1.10x | $608.73 Million |
| Cavco Industries Inc (CVCO) | $254.88 Million | 5.98% | 0.72x | $3.96 Billion |
| Dream Finders Homes Inc (DFH) | $1.09 Billion | 27.24% | 1.36x | $520.11 Million |
| DR Horton Inc (DHI) | $802.39 Million | 19.92% | 1.94x | $43.57 Billion |
| Green Brick Partners Inc (GRBK) | $77.89 Million | -17.50% | 3.45x | $2.89 Billion |
| Hovnanian Enterprises Inc (HOV) | $1.97 Billion | 23.92% | 1.39x | $569.25 Million |
| Installed Building Products Inc (IBP) | $91.87 Million | 15.16% | 1.55x | $7.83 Billion |
| KB Home (KBH) | $2.18 Billion | 22.03% | 1.67x | $3.25 Billion |
| Legacy Housing Corp (LEGH) | $189.28 Million | 11.37% | 0.24x | $513.63 Million |
| Lennar Corporation (LEN) | $1.23 Billion | 18.65% | 2.08x | $19.08 Billion |
About Toll Brothers Inc
Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home design… Read more