Toll Brothers Inc (TOL)
Pretax margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,842,370 | 1,703,730 | 1,100,320 | 586,901 | 787,170 |
| Revenue | US$ in thousands | 9,994,940 | 10,275,600 | 8,755,150 | 7,088,190 | 7,260,240 |
| Pretax margin | 18.43% | 16.58% | 12.57% | 8.28% | 10.84% |
October 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,842,370K ÷ $9,994,940K
= 18.43%
To analyze Toll Brothers Inc.'s pretax margin over the past five years, we observe a generally positive trend. In the fiscal year ending October 31, 2023, the pretax margin stood at 18.43%, showing an improvement from the previous year's 16.58%. This signifies the company's ability to generate higher pre-tax profits relative to its total revenue. Furthermore, compared to the fiscal year ending October 31, 2019, the pretax margin has exhibited a notable increase, indicating enhanced efficiency and cost management within the organization. Overall, the trend suggests an improvement in the company's operational performance and financial health.
Peer comparison
Oct 31, 2023