Toll Brothers Q4 home sales revenue rises to $3.41 billion; EPS falls to $4.58
Toll Brothers reported fourth-quarter results for the period ended October 31, 2025, with home sales revenue of $3.41 billion, up from $3.26 billion a year earlier. Net income and diluted earnings per share fell from a year earlier, and the company said its $4.58 EPS was modestly below its guidance because the Apartment Living sale was delayed. Net signed contracts and backlog both declined, and the company issued FY 2026 delivery guidance of 10,300 to 10,700 units.
- Fourth-quarter net income was $446.7 million, or $4.58 per diluted share, versus $475.4 million, or $4.63, a year earlier.
- Net signed contract value was $2.53 billion versus $2.66 billion; backlog value was $5.5 billion versus $6.5 billion.
- FY 2026 guidance calls for 10,300 to 10,700 deliveries and an adjusted home sales gross margin of 26.00%.
- The $380 million Apartment Living sale to Kennedy Wilson is now expected to close in the first quarter of FY 2026.