Toll Brothers Q2 EPS falls to $3.50 from $4.55; home sales revenue rises 2%
Toll Brothers reported fiscal second-quarter 2025 results for the period ended April 30, 2025, with net income of $352.4 million, or $3.50 per diluted share, down from $481.6 million, or $4.55, a year earlier. The prior-year figure included a $124.1 million gain from a land sale; excluding that gain, the company's prior-year diluted EPS was $3.38. The company reaffirmed its full-year fiscal 2025 guidance, but net signed contract value fell 11% to $2.60 billion.
Key points
- Home sales revenues were $2.71 billion, up 2% from the prior-year quarter; 2,899 homes were delivered, up 10%.
- Net signed contract value was $2.60 billion, down 11%; contracted homes fell 13% to 2,650.
- Home sales gross margin was 26.0%, up from 25.8%; adjusted home sales gross margin fell to 27.5% from 28.2%.
- Full-year fiscal 2025 guidance was reaffirmed; the company repurchased about 1.6 million shares for $177.4 million in the quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 20, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.