NYSE$TOL

Toll Brothers Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Toll Brothers reported Q2 fiscal 2025 home sales revenue of about $756M with net income of $352M.

Home sales revenues increased about 15% year over year as deliveries and pricing supported results in a selective luxury housing market. Net income was $352.4 million. Backlog and land strategy remain key levers for margin and returns.

  • Q2 home sales revenue about $756M (+15% YoY).
  • Net income $352.4M.
  • Luxury buyer demand varies by metro and price point.
  • Land option strategy and incentives affect margins.

Headline financials

Total Revenue

$2.74B

Previous: $2.84B-3.5%
EPS (adj)

$3.50

Previous: $4.55-23.1%
Avg Contract Price

$983K

Previous: $967K+1.6%
Avg delivered price

$934K

Previous: $1M-6.9%
Net signed contracts value

$2.6B

Previous: $2.94B-11.4%
Net signed contracts units

2.6K

Previous: 3.0K-12.9%
Backlog value

$6.84B

Previous: $7.38B-7.3%
Backlog units

6.1K

Previous: 7.1K-14.5%
Avg backlog price

$1.13M

Previous: $1.04M+8.5%
Deliveries

2.9K

Previous: 2.6K+9.8%
Capital Expenditures

-$32.9M

Previous: -$29.7M-10.8%
Net Income

$352M

Previous: $482M-26.8%
Operating Income

$450M

Previous: $624M-27.9%
Gross Profit

$704M

Previous: $861M-18.2%

Revenue & EPS history

Toll Brothers · Revenue · Quarterly

$2.74B

Q2 2025-3.5%vs Q2 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Toll Brothers · $2.95B total across 5 segments · Q4 2023

  • Mountain
    $780M-19.7%
  • Pacific
    $710M-29.6%
  • South
    $660M+10.5%
  • North
    $412M-33.3%
  • Mid-Atlantic
    $388M+1.1%

Forward guidance

The quarterly filing discusses operating priorities, capital allocation, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and liquidity.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

-0.6%

Avg return

30 days after

51%

35 / 68 earnings

Positive

+10.5%

Q3 2018

Best reaction

-19.5%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+9.9%+8.3%+25.5%
Q1 2026-2.5%-3.3%-19.4%
Q4 2025-2.4%+2.2%-0.5%
Q3 2025-0.7%+4.9%+5.7%
Q2 2025-0.4%-0.2%+3.6%
Q1 2025-5.9%-9.4%-13.0%
Q4 2024-5.5%-13.1%-17.6%
Q3 2024+5.5%+11.3%+14.6%
Q2 2024-9.0%-6.2%-11.7%
Q1 2024+5.3%+8.9%+23.8%
Q4 2023+1.9%+6.5%+13.2%
Q3 2023+5.1%+3.1%-1.9%
Q2 2023+0.6%+5.2%+17.2%
Q1 2023+0.5%+2.0%+1.9%
Q4 2022+5.6%+4.0%+11.3%
Q3 2022+1.5%+1.3%-7.6%
Q2 2022+2.9%+9.4%-4.9%
Q1 2022-9.4%-0.8%-8.4%
Q4 2021+2.3%+5.3%-3.2%
Q3 2021+7.2%+8.5%+0.9%
Q2 2021+6.3%+7.7%-6.1%
Q1 2021+4.3%-0.4%+4.8%
Q4 2020-5.4%-7.3%-11.6%
Q3 2020-1.3%-6.0%+3.9%
Q2 2020+7.0%+6.7%-2.7%
Q1 2020-19.5%-21.2%-52.9%
Q4 2019-3.6%-2.8%+1.1%
Q3 2019-3.2%-4.0%+7.5%
Q2 2019-2.4%-3.2%-0.2%
Q1 2019-2.6%-5.0%-2.4%
Q4 2018-1.0%-1.2%-1.0%
Q3 2018+10.5%+6.6%+3.3%
Q2 2018-8.5%-6.6%-14.3%
Q1 2018-7.8%-7.6%-9.0%
Q4 2017-7.9%-5.5%-1.0%
Q3 2017-2.0%-1.3%+4.1%
Q2 2017-0.2%-1.7%+2.3%
Q1 2017+6.2%+7.5%+12.1%
Q4 2016+7.0%+5.6%+4.6%
Q3 2016+5.8%+4.8%-0.4%
Q2 2016+7.3%+7.6%+1.8%
Q1 2016+3.1%
Q4 2015-9.8%
Q3 2015-5.5%
Q2 2015-1.4%
Q1 2015+3.8%
Q4 2014-7.6%
Q3 2014-5.4%
Q2 2014+2.1%
Q1 2014+1.5%
Q4 2013-2.4%
Q3 2013+2.6%
Q2 2013+4.4%
Q1 2013-6.6%
Q4 2012-5.6%
Q3 2012+2.5%
Q2 2012+2.1%
Q1 2012+1.3%
Q4 2011-2.7%
Q3 2011+0.2%
Q2 2011-2.0%
Q1 2010+2.8%
Q1 2011+1.6%
Q2 2010-0.2%
Q4 2008-0.2%
Q3 2010+1.6%
Q3 2009+1.6%
Q4 2009+1.6%

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