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Toll Brothers TOL Q4 2025 Annual earnings

Reported December 8, 2025 · After market close

Revenue$3.4BBeat by $120.9MDiluted EPS$4.58Miss by $0.30
Revenue estimate$3.3B
EPS estimate$4.88

Next report

Aug 18, 2026 (in a month)
Revenue estimate$2.6B
EPS estimate$2.90

Financials

Q4 2025

Income statement

See full
Revenue$3.4B+2.7%
Gross profit$847.9M-3.7%
Operating income$564.1M-7.7%
Net income$446.7M-6.0%
EPS (diluted)$4.58-1.1%

Balance sheet

See full
Cash & equivalents$1.3B-2.3%
Total debt$128.3M-0.2%
Total equity$8.3B+7.8%
Total assets$14.5B+8.6%

Cash flow

See full
Operating cash flow$800.0M+17.2%
CapEx$27.8M+53.0%
Free cash flow$772.2M+16.2%

Valuation & ratios

Valuation

as of 10/31/25
See full
Market cap$13.01B-13.7%
Enterprise value$11.8B-14.8%
P/E9.7×+0.1×
P/S1.2×-0.2×

Profitability

See full
Gross margin25.1%-2.8pp
Operating margin15.7%-3.1pp
Net margin12.3%-2.2pp
FCF margin9.4%+0.7pp

Returns & leverage

See full
Return on equity16.9%-4.8pp
Debt / equity0×0.0×

Segments

By product

See full
Home sales$3.4B+4.7%
Land sales and other$9.4M-87.2%

Versus estimates

Revenue

Q2 2026$2.5BBeat by $115.9MQ1 2026$2.1BBeat by $291.6M
Q4 2025$3.4BBeat by $120.9M
Q3 2025$2.9BBeat by $89.1MQ2 2025$2.7BBeat by $258.9MQ1 2025$1.9BMiss by $801.4M

Diluted EPS

Q2 2026$2.72Beat by $0.14Q1 2026$2.19Beat by $0.14
Q4 2025$4.58Miss by $0.30
Q3 2025$3.73Beat by $0.13Q2 2025$3.50Beat by $0.69Q1 2025$1.75Miss by $0.24

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Questions, answered.

When did Toll Brothers report Q4 2025 earnings?
Toll Brothers (TOL) reported Q4 2025 earnings on December 8, 2025 after market close.
What were Toll Brothers's Q4 2025 revenue and EPS?
Toll Brothers reported revenue of $3.4B and diluted EPS of $4.58 for Q4 2025.
Did Toll Brothers beat estimates in Q4 2025?
Revenue beat the consensus estimate of $3.3B by $120.9M. EPS missed the consensus estimate of $4.88 by $0.30.
How did Toll Brothers's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.7% from $3.3B a year earlier and diluted EPS declined 1.1% from $4.63.
Where can I find Toll Brothers's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000794170-25-000099) and the 10-K periodic report (0000794170-25-000112) directly on SEC EDGAR. The filing index links above go to sec.gov.