Toll Brothers, Inc. TOL

What this company does

Toll Brothers, Inc. designs, builds, markets, sells, and arranges financing for luxury residential single-family detached, attached, master-planned, and urban low-, mid-, and high-rise home communities. At October 31, 2025, the company was operating in 24 states and the District of Columbia, and in the five years ended that date it delivered 52,203 homes from 1,061 communities, including 11,292 homes from 556 communities in fiscal 2025. It had a backlog of $5.49 billion, or 4,647 homes, at October 31, 2025. At October 31, 2025 and October 31, 2024, it employed approximately 4,900 full-time employees. The company operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology and landscaping subsidiaries, and, in certain regions, its own lumber distribution, house component assembly and manufacturing operations. Through third-party joint venture partners, it also designs, builds, markets, and sells high-density, high-rise urban luxury condominiums under the Toll Brothers City Living brand. In addition to its residential for-sale business, it also develops and operates urban and suburban for-rent apartment and student housing communities primarily through joint ventures. Toll Brothers, Inc. is a corporation incorporated in Delaware in May 1986 that began doing business through predecessor entities in 1967.

Written from the business description in Toll Brothers, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 December 2025. Every sentence was checked against that document before publication.