)

Toll Brothers (TOL) investor relations material
Toll Brothers Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Delivered 2,959 homes in Q3 FY25, up 5% year-over-year, with record home sales revenues of $2.88–$2.95 billion, a 6–8% increase.
Net income for Q3 FY25 was $369.6 million ($3.73 per diluted share), down 1% year-over-year.
Backlog at quarter-end was 5,492 homes valued at $6.38 billion, down 10% in value and 19% in units year-over-year.
Net contracts signed in Q3 totaled 2,388 homes for $2.4 billion, units down 4% YoY but value flat due to higher ASP.
Maintained a national footprint across 24 states and 60+ markets, positioning for continued growth.
Financial highlights
FY 2024 revenue reached $10.56B, up 7% YoY; net income was $1.57B, up 14%; diluted EPS for FY 2024 was $15.01, a 21% increase.
Q3 home sales gross margin was 25.6%, down from 27.4% YoY; adjusted gross margin was 27.5%, exceeding guidance.
SG&A as a percentage of home sales revenue improved to 8.8% from 9.0% YoY.
Cash and equivalents at Q3 end: $852.3M; $2.19B available under revolving credit facility.
Book value per share at Q3 end was $83.85, up from $76.87 at FYE 2024.
Outlook and guidance
Q4 FY25 guidance: 3,350 deliveries at $970,000–$980,000 average price, adjusted gross margin 27.0%, SG&A 8.3%.
Full FY25 guidance: 11,200 deliveries at $950,000–$960,000 average price, adjusted gross margin 27.25%, SG&A 9.4–9.5%.
Management expects near-term demand softness due to affordability and economic uncertainty, but long-term fundamentals remain positive.
Community count expected at 440–450 by year-end, supporting 8–10% YoY growth.
Projected FY EPS: $13.75; return on beginning equity: 18%.
Next Toll Brothers earnings date

Next Toll Brothers earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage