---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-25-000099"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2025-12-08T23:59:59+00:00"
generated_at: "2026-05-16T14:09:31.859264+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers Q4 EPS $4.58 vs $4.63; revenue up to $3.41B; FY2026 deliveries guided 10,300-10,700

## Summary
- Q4 net income $446.7M, diluted EPS $4.58 (vs $4.63); pre-tax income $593M (down from $621.1M).
- Home sales revenue $3.41B (+5% YoY); net signed contract value $2.53B (-5%); backlog $5.5B (-15%).
- Adjusted home sales gross margin 27.1% in Q4 (vs 27.9% YoY); full-year FY2025 adjusted margin 27.3% (vs 28.4%).
- FY2026 guidance: Q1 deliveries 1,800-1,900; full-year deliveries 10,300-10,700; adjusted gross margin 26.0%; community count 480-490.
- Agreed to sell Apartment Living interests to Kennedy Wilson for $380M; expects to close in Q1 FY2026 and exit multifamily.

## SEC filing metadata
- accession: 0000794170-25-000099
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2025-12-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417025000099/0000794170-25-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417025000099/tol-20251208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-25-000099
- JSON: https://secwatch.observer/filing/0000794170-25-000099.json
- Plain text: https://secwatch.observer/filing/0000794170-25-000099.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.