Flagship explainer

What drives Toll Brothers, Inc.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity17%Tax burden75%net income ÷ pretax incomeInterest burden104%pretax ÷ operating incomeOperating margin16%operating income ÷ revenueAsset turnover0.79×revenue ÷ average assetsEquity multiplier1.75×average assets ÷ average equityAs of 2025-10-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$1.3BFY2025
Income before tax$1.8BFY2025
Operating income$1.7BFY2025
$11.0BFY2025
Ending assets$14.5BFY2025
Beginning assets$13.4BFY2024
$8.3BFY2025
$7.7BFY2024
Source: · event Oct 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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