Earnings summaries and quarterly performance for Toll Brothers.
Executive leadership at Toll Brothers.
Douglas C. Yearley, Jr.
Detailed
Chairman and Chief Executive Officer
CEO
KJ
Kevin J. Coen
Detailed
Secretary
MP
Martin P. Connor
Detailed
Senior Vice President and Chief Financial Officer
MJ
Michael J. Grubb
Detailed
Senior Vice President, Chief Accounting Officer
RP
Robert Parahus
Detailed
President and Chief Operating Officer
Board of directors at Toll Brothers.
CN
Christine N. Garvey
Detailed
Director
DT
Derek T. Kan
Detailed
Director
JA
John A. McLean
Detailed
Director
JA
Judith A. Reinsdorf
Detailed
Director
KH
Karen H. Grimes
Detailed
Director
KM
Katherine M. Sandstrom
Detailed
Director
PE
Paul E. Shapiro
Detailed
Director
SD
Scott D. Stowell
Detailed
Lead Independent Director
SF
Stephen F. East
Detailed
Director
WE
Wendell E. Pritchett
Detailed
Director
Research analysts who have asked questions during Toll Brothers earnings calls.
JL
John Lovallo
UBS Group AG
6 questions for TOL
Also covers: AWI, AZEK, BLDR +14 more
SK
Stephen Kim
Evercore ISI
6 questions for TOL
Also covers: AWI, BLD, DHI +11 more
Alan Ratner
Zelman & Associates
5 questions for TOL
Also covers: BZH, CCS, DHI +9 more
MR
Michael Rehaut
JPMorgan Chase & Co.
5 questions for TOL
Also covers: AZEK, BECN, BLD +17 more
Trevor Allinson
Wolfe Research, LLC
4 questions for TOL
Also covers: AMWD, AZEK, BECN +18 more
AB
Alex Barron
Housing Research Center
3 questions for TOL
Also covers: BZH, CCS, DHI +9 more
Michael Dahl
RBC Capital Markets
2 questions for TOL
Also covers: AHR, AZEK, BECN +20 more
Rafe Jadrosich
Bank of America
2 questions for TOL
Also covers: AWI, BLD, BLDR +14 more
SR
Sam Reid
Wells Fargo
2 questions for TOL
Also covers: CNM, CSWI, DHI +8 more
SM
Steven Mia
RBC Capital Markets
2 questions for TOL
TA
Trevor Allison
Wolfe Research LLC
2 questions for TOL
Also covers: MAS, MTH
VP
Victoria Piskarev
Bank of America
2 questions for TOL
Also covers: SGI
BH
Buck Horne
Raymond James Financial, Inc.
1 question for TOL
Also covers: CLPR, DHI, FPI +8 more
Christopher Kalata
RBC Capital Markets
1 question for TOL
Also covers: AZEK, GMS, IBP +3 more
IL
Ivy Lynne Zelman
Zelman & Associates
1 question for TOL
Also covers: PHM
Mike Dahl
RBC Capital Markets
1 question for TOL
Also covers: BECN, BLDR, CNM +13 more
RR
Richard Reid
Wells Fargo & Company
1 question for TOL
Also covers: CNM, DHI, FERG +5 more
Recent press releases and 8-K filings for TOL.
Toll Brothers Reports Strong Fiscal 2025 Results and Provides Conservative Fiscal 2026 Guidance
TOL
Earnings
Guidance Update
M&A
- Toll Brothers reported strong fiscal year 2025 results, with $10.8 billion in home sales revenues, $13.49 per diluted share in earnings, and an adjusted gross margin of 27.3%.
- In Q4 2025, the company generated $3.4 billion in home sales revenue and $4.58 per diluted share in earnings, which was modestly below guidance due to the delayed closing of the sale of its apartment living business. The sale to Kennedy Wilson, valued at $380 million, is expected to complete by the end of Q1 2026, marking an exit from the multifamily business.
- For fiscal year 2026, Toll Brothers projects new home deliveries between 10,300 and 10,700 homes at an average price of $970,000 to $990,000, with an adjusted gross margin of approximately 26.0%. This guidance is described as conservative, not assuming any market improvement.
- The company returned approximately $750 million to stockholders in fiscal 2025 through share repurchases and dividends and has budgeted $650 million for share repurchases in fiscal 2026.
Dec 9, 2025, 1:30 PM
Toll Brothers Reports Strong FY 2025 Results, Provides FY 2026 Guidance, and Announces Exit from Multifamily Business
TOL
Earnings
Guidance Update
M&A
- Toll Brothers reported strong fiscal year 2025 results, with $10.8 billion in home sales revenues from 11,292 homes delivered and $13.49 per diluted share in earnings.
- In Q4 2025, the company generated $3.4 billion in home sales revenue and $4.58 per diluted share in earnings, which was modestly below guidance primarily due to the delayed closing of the apartment living business sale.
- For fiscal year 2026, Toll Brothers projects new home deliveries between 10,300 and 10,700 homes at an average price of $970,000 to $990,000, with an adjusted gross margin of approximately 26.0%.
- The company plans to fully exit its multifamily business, with a significant portion of its apartment living business being sold to Kennedy Wilson for $380 million, expected to close by the end of Q1 2026.
- Toll Brothers returned approximately $750 million to stockholders in fiscal 2025 through share repurchases and dividends, and has budgeted $650 million for share repurchases in fiscal 2026.
Dec 9, 2025, 1:30 PM
Toll Brothers Reports Strong Fiscal Year 2025 Results and Provides Fiscal Year 2026 Guidance
TOL
Earnings
Guidance Update
Share Buyback
- Toll Brothers reported record home sales revenues of $10.8 billion and earnings of $13.49 per diluted share for fiscal year 2025, delivering 11,292 homes.
- For the fourth quarter of fiscal year 2025, the company generated $3.4 billion in home sales revenue and earned $4.58 per diluted share, with an adjusted gross margin of 27.1%.
- The company provided fiscal year 2026 guidance, projecting 10,300 to 10,700 home deliveries at an average price between $970,000 and $990,000, with an expected full-year adjusted gross margin of approximately 26.0%.
- Toll Brothers is in the process of exiting its multifamily business, with the sale of a significant portion of its apartment living business expected to close by the end of Q1 2026, and plans to return capital to stockholders, including budgeting $650 million in share repurchases for fiscal 2026.
- The company highlighted its focus on an affluent customer base, with over 70% of its business serving move-up and move-down segments, and 26% of buyers paying all cash in Q4 2025, contributing to a low contract cancellation rate of 4.3%.
Dec 9, 2025, 1:30 PM
Toll Brothers Reports Q4 Earnings Miss and Lowers 2026 Home Delivery Forecast
TOL
Earnings
Guidance Update
Demand Weakening
- Toll Brothers reported fourth-quarter earnings that missed analyst expectations, with adjusted earnings per share of $4.58 versus the $4.88 forecast, and a net income decline to $446.7 million, despite revenues rising to $3.42 billion.
- The company projected lower home deliveries for fiscal 2026, forecasting 10,300 to 10,700 units, a decrease from 11,292 in fiscal 2025, attributing this to soft demand and competitive pressures.
- The adjusted gross margin for the quarter was 26%, slightly below analyst expectations of 26.5%, influenced by promotional activity.
- Following the announcement, Toll Brothers' stock dropped by 4% after hours, reflecting investor concerns over margin softness and cautious guidance.
Dec 8, 2025, 11:03 PM
Toll Brothers Reports Q4 and Full FY 2025 Results, Provides FY 2026 Guidance
TOL
Earnings
Guidance Update
M&A
- Toll Brothers reported net income of $446.7 million and earnings per diluted share of $4.58 for Q4 FY 2025, with full FY 2025 net income at $1.35 billion and EPS at $13.49.
- Home sales revenues for Q4 FY 2025 increased to $3.41 billion from $3.26 billion in Q4 FY 2024, contributing to a record full FY 2025 home sales revenue of $10.84 billion.
- The company provided guidance for FY 2026, projecting 10,300 to 10,700 unit deliveries at an average price of $970,000 to $990,000, with an adjusted home sales gross margin of 26.00%.
- Toll Brothers repurchased approximately 1.8 million shares for $249.1 million in Q4 FY 2025 and a total of 5.4 million shares for $651.6 million in full FY 2025.
- The company announced an agreement to sell its interests in approximately half of its Apartment Living portfolio for $380 million, with the transaction expected to close in Q1 FY 2026, as it plans to exit the multifamily development business.
Dec 8, 2025, 9:47 PM
Toll Brothers Announces FY 2025 Fourth Quarter and Full-Year Results
TOL
Earnings
Guidance Update
M&A
- Toll Brothers reported FY 2025 net income of $1.35 billion and diluted earnings per share of $13.49, on record home sales revenues of $10.84 billion.
- For the fourth quarter of FY 2025, net income was $446.7 million and diluted earnings per share were $4.58, with the latter being modestly below guidance due to the delayed closing of the Apartment Living business sale.
- The company issued FY 2026 guidance, forecasting 10,300 to 10,700 home deliveries at an average price of $970,000 to $990,000, and an adjusted home sales gross margin of 26.00%.
- In FY 2025, Toll Brothers repurchased approximately 5.4 million shares for $651.6 million. The sale of its Apartment Living portfolio for $380 million is anticipated to close in Q1 FY 2026, as the company plans to exit the multifamily development business.
Dec 8, 2025, 9:30 PM
Toll Brothers to Sell Apartment Living Platform to Kennedy Wilson
TOL
M&A
New Projects/Investments
- Kennedy Wilson will acquire Toll Brothers' Apartment Living platform for $347 million, with the transaction expected to close in October 2025.
- The acquisition will add over $5 billion of assets under Kennedy Wilson management, including $2.2 billion of AUM from 18 acquired properties and $3.0 billion of AUM from 20 properties Kennedy Wilson will manage for Toll Brothers.
- Toll Brothers intends to exit the multifamily development business and dispose of its remaining apartment and student housing assets over time.
Sep 18, 2025, 10:20 AM
Toll Brothers Announces CFO Succession
TOL
CFO Change
Management Change
Executive Compensation
- Toll Brothers, Inc. announced on July 10, 2025, that Marty Connor will retire as Chief Financial Officer effective October 31, 2025.
- Gregg Ziegler, Senior Vice President, Investor Relations & Treasurer and a 23-year company veteran, will succeed Mr. Connor as Executive Vice President and Chief Financial Officer, effective November 1, 2025.
- As the new CFO, Mr. Ziegler's compensation will include an annual base salary of $875,000, a targeted annual cash incentive bonus of $1,270,000, and an annual equity award with a total grant date fair value of $1,355,000.
- Following his retirement, Mr. Connor will serve as a senior advisor for a one-year period ending October 31, 2026, and is expected to receive total compensation of $2,500,000 for this role.
Jul 11, 2025, 12:00 AM
Toll Brothers schedules redemption of $350M 4.875% Senior Notes due 2025
TOL
- On June 13, 2025, Toll Brothers Finance Corp., a wholly-owned subsidiary of Toll Brothers, Inc., delivered notice to redeem all $350,000,000 aggregate principal of its 4.875% Senior Notes due 2025.
- The Notes will be redeemed on July 15, 2025 at a price equal to the greater of 100% of principal or the present value of remaining scheduled payments discounted at the Treasury Rate plus 50 bps; accrued interest to, but excluding, the redemption date will also be paid.
- The filing includes the Cover Page Interactive Data File embedded within the Inline XBRL document as Exhibit 104.
Jun 13, 2025, 12:00 AM
Toll Brothers Announces 5.600% Senior Notes Due 2035 Issuance
TOL
Debt Issuance
- Toll Brothers, Inc. announced the issuance of $500 million in 5.600% Senior Notes due 2035, guaranteed by the company and its subsidiaries, as detailed in the 8-K filing.
- The public offering, facilitated through an underwriting agreement signed on June 5, 2025, is structured to include semiannual interest payments starting December 15, 2025, with maturity on June 15, 2035.
- Key terms include redemption options and detailed pricing information, underpinning the strategic debt issuance initiative.
Jun 10, 2025, 12:00 AM
Quarterly earnings call transcripts for Toll Brothers.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more