LEN vs TOL
Lennar Corp. and Toll Brothers, Inc., side by side — 9 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LEN | TOL |
|---|---|---|
| Revenue | $34.2B | $11.0B |
| Net income | $2.1B | $1.3B |
| Gross margin | · | 25.1% |
| Net margin | 6.2% | 12.3% |
| Return on equity | 8.3% | 16.9% |
| Diluted EPS | · | $13.49 |
| Dividend / share | · | $0.98 |
| Payout ratio | 25.1% | 7.2% |
| Free cash flow | $28.2M | $1.0B |
| Equity | $22.0B | $8.3B |
| Net debt / equity | 0.10× | −0.12× |
| Current ratio | · | · |
| Revenue CAGR 5y | 8.7% | 9.2% |
| Profit CAGR 5y | −3.4% | 24.7% |
LEN bills 3.1× the revenue of TOL, and TOL keeps more of each dollar of revenue as profit (12.3% against 6.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | LEN | TOL |
|---|---|---|
| FY2025 | $34.2B | $11.0B |
| FY2024 | $35.4B | $10.8B |
| FY2023 | $34.2B | $10.0B |
| FY2022 | $33.7B | $10.3B |
| FY2021 | $27.1B | $8.8B |
| FY2020 | $22.5B | $7.1B |
| FY2019 | $22.3B | $7.2B |
| FY2018 | $20.6B | $7.1B |
| FY2017 | $12.6B | $5.8B |
Bottom line
| Fiscal year | LEN | TOL |
|---|---|---|
| FY2025 | $2.1B | $1.3B |
| FY2024 | $3.9B | $1.6B |
| FY2023 | $3.9B | $1.4B |
| FY2022 | $4.6B | $1.3B |
| FY2021 | $4.4B | $833.6M |
| FY2020 | $2.5B | $446.6M |
| FY2019 | $1.8B | $590.0M |
| FY2018 | $1.7B | $748.2M |
| FY2017 | $810.5M | $535.5M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$23,220,211,000 | LEN |
| FY2024 | +$24,594,712,000 | LEN |
| FY2023 | +$24,238,429,000 | LEN |
| FY2022 | +$23,395,452,000 | LEN |
| FY2021 | +$18,340,315,000 | LEN |
| FY2020 | +$15,411,195,000 | LEN |
| FY2019 | +$15,035,595,000 | LEN |
| FY2018 | +$13,428,373,000 | LEN |
| FY2017 | +$6,831,307,000 | LEN |
LEN has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −6.1 pp | TOL |
| FY2024 | −3.3 pp | TOL |
| FY2023 | −2.2 pp | TOL |
| FY2022 | +1.3 pp | LEN |
| FY2021 | +6.9 pp | LEN |
| FY2020 | +4.7 pp | LEN |
| FY2019 | +0.1 pp | LEN |
| FY2018 | −2.1 pp | TOL |
| FY2017 | −3.1 pp | TOL |
The higher net margin has changed hands between LEN and TOL over this period.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LEN's net margin has been more volatile than TOL's over the 9 comparable fiscal years — 3.3 percentage points of standard deviation against 2.6.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between LEN and TOL over these 9 fiscal years — LEN led in 4 and TOL in 5.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LEN's return on equity has been more volatile than TOL's over the 18 comparable fiscal years — 14.6 percentage points of standard deviation against 11.8.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between LEN and TOL over these 18 fiscal years — LEN led in 11 and TOL in 7.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.