Buyback Radar

Toll Brothers

TOL

Toll Brothers has retired 48.0% of its shares since 2013, from 177,283,000 to 92,147,000.

48.0%retired since 2013
24.3%last 5 years
4.4%last 12 months
92Mshares today
Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 2000half gone 2000177M shares, 201392M200020052010201520202025
1999, 146,027,6082026-08-26, 92,147,000

Early years use the fiscal-year average share count from the 10-K.

A share bought in 1999
1.6× more of Toll Brothers today, without buying another share. It was one of 146,027,608 shares then. It is one of 92,147,000 now.
Every filing we read26 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19991999-12-31146,027,60810-Kcover page
20002000-12-31145,050,08810-Kcover page
20012001-12-3169,836,69810-K/Acover page
20022002-12-31140,986,85010-Kcover page
20032003-12-31148,388,71610-Kcover page
20052005-12-31155,082,00010-Kcover page
20062006-12-31154,456,00010-Kcover page
20072007-12-11158,249,00010-Kcover page
20082008-10-31158,730,00010-Kfiscal-year average
20092009-10-31161,549,00010-Kfiscal-year average
20102010-12-10166,508,00010-K
20112011-12-12166,366,00010-K
20122012-12-31169,041,00010-K/A
20132013-12-31177,283,00010-K
20142014-12-19175,440,00010-K
20152015-12-11174,322,00010-K
20162016-12-19162,403,00010-K
20172017-12-15153,173,00010-K
20182018-12-17145,500,00010-K
20192019-12-19138,696,00010-K
20202020-12-18124,838,00010-K
20212021-12-14120,360,00010-K
20222022-12-14110,727,00010-K
20232023-12-15104,110,00010-K
20242024-12-18100,037,00010-K
20252025-12-1795,003,00010-K

Source: all 10-K filings of Toll Brothers on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2014cash flow statement against share count
$5Bspent on buybacks
85Mfewer shares outstanding
$58spent per share that actually disappeared
$308Mpaid in stock compensation over the same years

Part of every buyback only replaces shares handed to employees. That part costs money and retires nothing, so the cost per share that disappeared is higher than the average price the company paid.

The stock, long termprice chart by TradingView

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Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Toll Brothers in depth on Cannibal Stocks.

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