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Toll Brothers, Inc. cash flow statement

In fiscal 2025, Toll Brothers, Inc.'s operations generated $1.11bn of cash; it spent $86.2m on capital projects, leaving free cash flow of $1.03bn. It returned $97.1m in dividends and $651m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2017Oct 20172018Oct 20182019Oct 20192020Oct 20202021Oct 20212022Oct 20222023Oct 20232024Oct 20242025Oct 2025LTMJul 2026
Cash from operations8625884381,0081,3039871,2661,0101,1121,192
Depreciation and amortisation25257269767776818276
Stock-based pay28282624232125303131
Capital spending2928871106772737486102
Free cash flow8335603518991,2369151,1939371,0261,090
Free cash flow after stock pay8045323258741,2138941,1699079951,059
Dividends paid39626457778991939797
Share buybacks291503234634378543562627651682

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Toll Brothers, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Toll Brothers, Inc.