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Toll Brothers Reports FY 2025 Fourth Quarter Results

Toll Brothers, Inc. (TOL) | December 8, 2025

By Uma Mitchell

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Toll Brothers, Inc. reported its financial results for the fourth quarter of fiscal year 2025, showcasing key metrics and performance indicators.

Net income for the quarter was $446.7 million, with earnings per diluted share at $4.58.

Home sales revenues reached $3.41 billion, and the company delivered 3,443 homes during the quarter.

Net Income Comparison

Net income for FY 2025 Q4 was $446.7 million, slightly lower than the previous year's Q4 at $475.4 million.

Home Sales Revenues

Home sales revenues for FY 2025 Q4 were $3.41 billion, showing steady growth compared to the same period in FY 2024.

Backlog Value

The backlog value at the end of the quarter was $5.5 billion, a decrease from $6.5 billion in FY 2024 Q4.

Operational Performance

Toll Brothers maintained a 25.5% home sales gross margin and 27.1% adjusted home sales gross margin in FY 2025 Q4.

Strategic Sale

The announcement of selling interests in the Apartment Living portfolio for $380 million marks a strategic shift in the company's focus.

  • Toll Brothers' adjusted home sales gross margin remained strong at 27.1%, reflecting efficiency in operations.
  • The decision to sell its Apartment Living portfolio signifies a strategic move towards streamlining operations and focusing on core business areas.

Toll Brothers' fourth quarter performance demonstrates resilience and strategic maneuvering in a challenging market. With a focus on optimizing margins and strategic divestitures, the company is poised for continued growth and efficiency in the upcoming fiscal year.