America’s Luxury Home Builder

Welcome to Toll Brothers Investor Relations. Toll Brothers discloses information about its business and financial performance and other matters, and provides links to its securities filings, notices of investor events, earnings and other news releases, and its corporate profile on the Investor Relations section of its website.

Company Overview Cover Page

Q3 2025 Company Overview

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2024 Annual Report

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3rd Quarter FY 2025 Earnings

Financial Information & Sustainability Report

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Investor Story

Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia.

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  • Statement of Forward-Looking Information

    Information presented herein for the first quarter ended January 31, 2025 is subject to finalization of the Company’s regulatory filings, related financial and accounting reporting procedures and external auditor procedures.

    This website contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. One can identify these statements by the fact that they do not relate to matters of a strictly historical or factual nature and generally discuss or relate to future events. These statements contain words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “may,” “can,” “could,” “might,” “should,” “likely,” “will,” and other words or phrases of similar meaning. Such statements may include, but are not limited to, information and statements regarding: expectations regarding inflation and interest rates; the markets in which we operate or may operate; our strategic priorities; our land acquisition, land development and capital allocation priorities; market conditions; demand for our homes; our build-to-order and spec home strategy; anticipated operating results and guidance; home deliveries; financial resources and condition; changes in revenues; changes in profitability; changes in margins; changes in accounting treatment; cost of revenues, including expected labor and material costs; selling, general, and administrative expenses; interest expense; inventory write-downs; home warranty and construction defect claims; unrecognized tax benefits; anticipated tax refunds; sales paces and prices; effects of home buyer cancellations; growth and expansion; joint ventures in which we are involved; anticipated results from our investments in unconsolidated entities; our ability to acquire or dispose of land and pursue real estate opportunities; our ability to gain approvals and open new communities; our ability to market, construct and sell homes and properties; our ability to deliver homes from backlog; our ability to secure materials and subcontractors; our ability to produce the liquidity and capital necessary to conduct normal business operations or to expand and take advantage of opportunities; and the outcome of legal proceedings, investigations, and claims.

    Any or all of the forward-looking statements included in this release are not guarantees of future performance and may turn out to be inaccurate. This can occur as a result of incorrect assumptions or as a consequence of known or unknown risks and uncertainties. The major risks and uncertainties – and assumptions that are made – that affect our business and may cause actual results to differ from these forward-looking statements include, but are not limited to:

    • the effect of general economic conditions, including employment rates, housing starts, inflation rates, interest and mortgage rates, availability of financing for home mortgages and strength of the U.S. dollar;
    • market demand for our products, which is related to the strength of the various U.S. business segments and U.S. and international economic conditions;
    • the availability of desirable and reasonably priced land and our ability to control, purchase, hold and develop such land;
    • access to adequate capital on acceptable terms;
    • geographic concentration of our operations;
    • levels of competition;
    • the price and availability of lumber, other raw materials, home components and labor;
    • the effect of U.S. trade policies, including the imposition of tariffs and duties on home building products and retaliatory measures taken by other countries;
    • the effects of weather and the risk of loss from earthquakes, volcanoes, fires, floods, droughts, windstorms, hurricanes, pest infestations and other natural disasters, and the risk of delays, reduced consumer demand, unavailability of insurance, and shortages and price increases in labor or materials associated with such natural disasters;
    • risks arising from acts of war, terrorism or outbreaks of contagious diseases, such as Covid-19;
    • federal and state tax policies;
    • transportation costs;
    • the effect of land use, environment and other governmental laws and regulations;
    • legal proceedings or disputes and the adequacy of reserves;
    • risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, indebtedness, financial condition, losses and future prospects;
    • the effect of potential loss of key management personnel;
    • changes in accounting principles;
    • risks related to unauthorized access to our computer systems, theft of our and our homebuyers’ confidential information or other forms of cyber-attack; and
    • other factors described in “Risk Factors” included in our Annual Report on Form 10-K for the year ended October 31, 2024 and in subsequent filings we make with the Securities and Exchange Commission (“SEC”).

    Many of the factors mentioned above or in other reports or public statements made by us will be important in determining our future performance. Consequently, actual results may differ materially from those that might be anticipated from our forward-looking statements.

    Forward-looking statements speak only as of the date they are made. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise.

    For a further discussion of factors that we believe could cause actual results to differ materially from expected and historical results, see the information under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report on Form 10-K filed with the SEC and in subsequent reports filed with the SEC. This discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995, and all of our forward-looking statements are expressly qualified in their entirety by the cautionary statements contained or referenced in this section.

    Disclaimers: This site may contain articles written and published by persons not affiliated with Toll Brothers, Inc. The views expressed in these articles are those of the authors and do not necessarily reflect the views of Toll Brothers, Inc. Information in these articles may not be current and may be superseded by more recent information published by Toll Brothers, Inc. or by other persons. Financial reports are included for the convenience of investors. The information in the various reports is given as of the date of the report and Toll Brothers does not assume any duty to update the information in any such reports.

Contact Us

Investor & Financial Requests:

Gregg Ziegler
1140 Virginia Drive, Fort Washington, PA 19034
Phone: 215-938-8365
[email protected]

All Media Requests:

Heather Reeves
1140 Virginia Drive, Fort Washington, PA 19034
Phone: 215-328-7634
[email protected]

Transfer Agent:

Equiniti Trust Company, LLC
55 Challenger Road, Ridgefield Park, NJ 07660
Phone: 1-800-937-5449
https://equiniti.com/us/ast-access/individuals/