• Toll Brothers average operating margin for 2023 was 16.51%, a 26.32% increase from 2022.
• Toll Brothers average operating margin for 2022 was 13.07%, a 32.15% increase from 2021.
• Toll Brothers average operating margin for 2021 was 9.89%, a 26.63% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.