Toll Brothers Q3 EPS rises to $3.73 as home sales revenue climbs 6%
Toll Brothers reported fiscal third-quarter results for the period ended July 31, 2025, with net income of $369.6 million, or $3.73 per diluted share, up from $3.60 a year earlier. Home sales revenue rose 6% to $2.88 billion, but home sales gross margin fell to 25.6% from 27.4%, and backlog value declined 10% year over year. The release also sets fourth-quarter and full fiscal 2025 guidance, including 11,200 full-year deliveries.
Key points
- Net income $369.6 million, or $3.73 per diluted share, vs. $374.6 million, or $3.60, a year earlier; pre-tax income $499.5 million vs. $503.6 million
- Home sales revenue $2.88 billion, up 6%, on 2,959 delivered homes; net signed contract value flat at $2.41 billion
- Home sales gross margin 25.6% vs. 27.4%; adjusted home sales gross margin 27.5% vs. 28.8%
- Backlog value $6.38 billion, down 10%; full-year fiscal 2025 guidance of 11,200 deliveries and 27.25% adjusted gross margin
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing 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 August 19, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.