Toll Brothers' margins are mediocre and similar to peers, not exceptional.

Toll Brothers I bet you their margins are higher let's go find out

Toll Brothers operates in the luxury segment closer to a million.

Toll Brothers 10 Q 824 kind of interesting. So here the margins are they're higher but they're not that much higher. Actually surprisingly not that much higher at all. That's after taxes.

Are we doing after tax on both of these? Let me look at income from operations. What did I look at over here? Balance sheet, net income, income before taxes. Well, to isolate that, let's do 1226 divided by 9227 13.2 operating.

That's probably where they are. 346.6 divided by 2531 13.69 barely any different. 13.2 13.69. Wow, that's interesting. Yeah, the margins almost the same. And there aren't the greatest margins, you know.

It doesn't hold a candle like software, you know.

13.2 operating. That's probably where they are. 346.6 divided by 2531 13.69 barely any different. 13.2 13.69. Wow, that's interesting. Yeah, the margins almost the same. And there aren't the greatest margins, you know.

It doesn't hold a candle like software, you know.

Well, look at this slow march up. But still basically where we opened this morning haven't gone anywhere.

That said, it's not just Dr. Horton. It's Toll Brothers, which has a 3x median home sales price. I want to say Dr. Horton's home sales price on the median level is about $360,000.

Toll Brothers is somewhere around 960 to $990,000. somewhere around that million dollar range. They're bringing down 13.69% in income from operations and they're also bringing down a fraction over 10% to the bottom line.

What we're seeing right now are acred liabilities at KB Holmes, Dr. Horton and uh and other builders are rising much more so at Dr. important but also Toll Brothers is seeing their warranty reserve rise