Toll Brothers, Inc.

Toll Brothers, Inc. Earnings Recaps

TOL Industrials 3 recaps
Q1 2026 Feb 18, 2026

Toll Brothers delivered robust first-quarter results for fiscal 2026, exceeding guidance in key financial metrics, including a 25% increase in EPS to $2.19, and demonstrated strong demand heading into the spring selling season.

Key takeaways
  • Homebuilding revenue reached $1.85 billion, surpassing guidance by approximately $24 million.
  • Signed contracts totaled 2,303, with a 3% increase in dollar value, reflecting an average sales price of $1,033,000.
  • Adjusted gross margin remained above 30% in the build-to-order segment, underlining profitability strategies.
  • Planned increase in community count from 445 to 455 in Q2, supporting long-term growth objectives.
  • Strong balance sheet with ample liquidity and low net debt enables continued investment and capital returns.
Full recap
Q4 2025 Dec 10, 2025

Toll Brothers achieved strong fiscal year 2025 results, delivering 11,292 homes and generating record home sales revenue of $10.8 billion, despite a challenging sales environment.

Key takeaways
  • Delivered homes grew by 4% in units and 3% in revenue compared to the prior year, with an average home price of $960,000.
  • Adjusted gross margin remained robust at 27.3%, with earnings of $13.49 per diluted share.
  • Sales fundamentals remain solid, with 2,598 net agreements signed in Q4 and favorable demographic trends supporting long-term housing demand.
  • Strong liquidity position with $1.1 billion in operating cash flows and $750 million returned to shareholders via buybacks and dividends.
  • Spec homes accounted for approximately 54% of deliveries, enhancing appeal and flexibility for buyers.
Full recap
Q3 2025 Aug 20, 2025

Toll Brothers delivered strong third-quarter results, capitalizing on a resilient luxury housing market with record home sale revenues of $2.9 billion and impressive margins amid a challenging environment.

Key takeaways
  • Third-quarter home deliveries reached 2,959, generating revenues of $2.9 billion with an average sales price of $974,000.
  • Adjusted gross margin improved to 27.5%, exceeding expectations, while SG&A expenses were 8.8% of sales revenues.
  • The company returned approximately $226 million to shareholders through dividends and share buybacks, reinforcing financial stability and commitment to shareholder value.
Full recap