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.
Key points
- 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.
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 December 08, 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.