TOL
Toll Brothers, Inc.138.67
-1.79-1.27%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
13.37BP/E (TTM)
10.28Basic EPS (TTM)
13.49Dividend Yield
0.01%Recent Filings
8-K
8-K
Kennedy Wilson buys Toll's apartments
Kennedy Wilson agreed to acquire Toll Brothers' Apartment Living platform for $347 million on September 18, 2025, adding $2.2 billion in assets under management from 18 apartment and student housing properties, plus a $3.6 billion development pipeline across 29 sites. The deal, closing in October 2025, boosts Kennedy Wilson's rental housing scale while freeing Toll Brothers to focus on core homebuilding. It unlocks capital for Toll Brothers' stockholders. Yet risks like closing conditions loom.
10-Q
Q3 FY2025 results
Toll Brothers delivered solid Q3 FY2025 results, with home sales revenues climbing 6% year-over-year to $2.88 billion on 5% more units at a 1% higher average price, though gross margins slipped to 25.6% from 27.4% amid higher incentives and impairments. Operating income dipped 2% to $488 million, while net income edged down 1% to $370 million, or $3.73 diluted EPS—consistent with 99.2 million shares—versus $3.60 last year. YTD, revenues held flat at $7.54 billion but net income fell 18% to $900 million, or $8.95 per share, pressured by softer demand and a one-time land sale gain in the prior year. Cash stood at $852 million with $2.19 billion revolver availability and total debt at $2.95 billion, including a fresh $500 million senior notes issuance; free cash flow wasn't disclosed in the 10-Q. Yet demand softened, with net contracts down 4% to 2,388 units. Inventory impairments rose to $49.5 million YTD. Elevated competition tempers near-term momentum.
8-K
Toll Brothers Q3 revenues up 6%
Toll Brothers reported Q3 FY2025 results with home sales revenues climbing 6% to $2.88 billion on 2,959 deliveries, up 5% year-over-year, yet net income dipped slightly to $369.6 million or $3.73 per diluted share amid a 25.6% gross margin, down from 27.4%. Signed contracts held flat at $2.41 billion despite a 4% unit drop, while backlog shrank 10% to $6.38 billion. Affordability pressures linger, but the luxury focus sustains resilience. Guidance projects 3,350 Q4 deliveries at $970,000-$980,000 average price.
8-K
Toll Brothers CFO succession announced
Toll Brothers announced on July 9, 2025, that CFO Martin P. Connor will retire effective October 31, 2025, after 17 years, transitioning to a senior advisor role through October 31, 2026, with $2.5 million compensation. Gregg Ziegler, a 23-year company veteran, steps up as Executive Vice President and CFO from November 1, earning $875,000 base salary, $1.27 million target bonus, and $1.355 million equity award. This internal promotion ensures continuity in finance leadership amid housing market volatility.
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