Toll Brothers Records Significant Year-Over-Year Increase in Revenue and Net Income for FY2022 Q4
December 30, 2022
Earnings report
On December 6 2022, TOLL BROTHERS ($NYSE:TOL) reported its financial performance for FY2022 Q4, which ended on October 31 2022. TOLL BROTHERS is one of the leading home builders in the U.S. It designs and builds luxury homes in metropolitan areas across the country. It also provides financial services to its customers, including mortgage financing and title services. For the fourth quarter, TOLL BROTHERS achieved total revenue of USD 640.5 million, up 71.1% year-over-year. The company also reported net income of USD 3712.1 million, up 22.1% year-over-year. This was primarily due to higher revenue and favorable cost of sales, partially offset by higher SG&A expenses. The strong performance of TOLL BROTHERS in the fourth quarter was driven by an increase in demand for luxury homes in the U.S. The company benefited from a robust housing market and low interest rates, which have helped stimulate home buying activity.
In addition, TOLL BROTHERS has been able to capitalize on the shift in consumer preferences towards more spacious homes, particularly in suburban areas. Overall, TOLL BROTHERS had a strong fourth quarter, recording significant increases in both revenue and net income year over year. The company is well-positioned to capitalize on the continued growth of the housing market and is expected to continue to outperform in the coming quarters.
Stock Price
On Tuesday, Toll Brothers, the leading homebuilding company in the United States, reported its financial results for Fiscal Year 2022 Q4. The company recorded a significant year-over-year increase in both revenue and net income. The results were driven by strong demand and higher average selling prices in all of its operating markets. Toll Brothers’ financial position also improved significantly year-over-year.
Despite these strong results, Toll Brothers’ stock opened at $47.0 and closed at $45.9 on Tuesday, down by 2.0% from the prior closing price of 46.9. The company’s executives remain optimistic about the future and expect to continue to benefit from strong demand in the housing sector in 2021 and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Toll Brothers. More…
| Total Revenues | Net Income | Net Margin |
| 10.28k | 1.29k | 12.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Toll Brothers. More…
| Operations | Investing | Financing |
| 608.07 | -4.24 | -1.01k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Toll Brothers. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.29k | 6.27k | 48.74 |
Key Ratios Snapshot
Some of the financial key ratios for Toll Brothers are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.5% | 30.4% | 14.7% |
| FCF Margin | ROE | ROA |
| 5.2% | 16.4% | 7.7% |
VI Analysis
Toll Brothers is a leading homebuilder in the United States, and its fundamentals reflect its long-term potential. To make this assessment easier, the VI App offers a simple risk rating for investments such as TOLL BROTHERS. Based on financial and business aspects, the VI Risk Rating has categorized TOLL BROTHERS as a medium risk investment. The VI App also detects two risk warnings in the income sheet and balance sheet of the company, which can be viewed by registering to the platform. The app also provides a detailed analysis of the company’s financial performance and future prospects. This allows investors to make informed decisions regarding their investment in TOLL BROTHERS. The VI App is a great tool to assess a company’s fundamentals, as it provides an easy-to-understand overview of the company’s performance. It also offers an in-depth look at the business and financial aspects of TOLL BROTHERS, which can help investors make informed decisions about their investments. Therefore, investors should consider using the VI App to get an overview of TOLL BROTHERS’ performance and potential before making a decision. More…
VI Peers
The company is headquartered in Horsham, Pennsylvania, and operates in 22 states. The company’s product offerings include single-family detached homes, attached homes, and condominiums. The company’s competitors include D.R. Horton Inc, Redbubble Ltd, and PulteGroup Inc.
– D.R. Horton Inc ($NYSE:DHI)
D.R. Horton Inc is a homebuilding company that was founded in 1978 and is headquartered in Fort Worth, Texas. As of 2022, the company had a market capitalization of 28.86 billion and a return on equity of 25.26%. The company operates in 26 states and 84 markets across the United States. D.R. Horton is the largest homebuilder in the United States by volume, with a market share of approximately 18%. The company builds single-family detached homes, townhomes, and condominiums.
– Redbubble Ltd ($ASX:RBL)
Redbubble Ltd has a market cap of 168.95M as of 2022 and a Return on Equity of -12.32%. The company is an online marketplace that allows artists to sell their artwork on a variety of products.
– PulteGroup Inc ($NYSE:PHM)
PulteGroup Inc is one of the largest homebuilders in the United States. The company has a market cap of 9.97 billion as of 2022 and a return on equity of 24.61%. The company builds and sells single-family homes, townhouses, condominiums, and apartments in the United States.
Summary
Toll Brothers, Inc. (NYSE: TOL) reported strong financial results for the fourth quarter of fiscal year 2022 ending October 31, 2022. Total revenue was up 71.1% year-over-year to $640.5 million and net income was up 22.1% to $3712.1 million. This impressive performance was attributed to growing demand in the U.S. housing market and Toll Brothers’ strategic focus on delivering high-quality homes and services. Toll Brothers’ strong performance in FY 2022 Q4 indicates a healthy housing market and an improving economy, which is good news for investors looking to invest in the company. The company is well positioned to benefit from the robust housing market due to its focus on delivering high-quality homes and services, and its ability to present attractive pricing options for customers.
Additionally, Toll Brothers’ presence in multiple states across the U.S. provides it with a geographic diversity that is attractive to investors looking for exposure to different regions of the country. Looking ahead, analysts are optimistic about Toll Brothers’ prospects, as the company is expected to benefit from the continued strong demand in the housing market. With a strong brand, robust financial performance, and favorable outlook, Toll Brothers is an attractive investment opportunity for those looking to capitalize on the current housing market conditions.
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