Toll Brothers
Toll Brothers is the luxury name in this section, and its 10-K quantifies that: only 12% of homes delivered had a base price under $500,000. It has also been leaning into spec homes (3,043 at year-end), which tend to carry bigger incentives. Its mortgage arm financed 43.4% of settlements, up from 38.0%.
Last verified: 2026-10-20
Unscored
Public. Luxury builder; City Living high-rise condos and Apartment Living rentals.
No published developer or builder rubric yet.
At a glance
| Legal entity | Toll Brothers, Inc. (NYSE: TOL) |
| Headquarters | Fort Washington, PA |
| Segment | Luxury builders / Multifamily developers |
| Scale (as published) | 11,292 homes delivered in fiscal 2025 (year to Oct 31, 2025) |
| Score | Unscored |
What the sources reveal
Toll Brothers is the luxury name in this section, and its 10-K quantifies that: only 12% of homes delivered had a base price under $500,000. It has also been leaning into spec homes (3,043 at year-end), which tend to carry bigger incentives. Its mortgage arm financed 43.4% of settlements, up from 38.0%.
Key facts
| Fact | Source | Checked |
|---|---|---|
| Fiscal 2025: 11,292 homes delivered from 556 communities; operating in 24 states and D.C. | source | |
| Base price mix of 2025 deliveries: under $500,000 12%; $500,000–$750,000 25%; $750,000–$1M 31%; $1M–$2M 27%; over $2M 5%. | source | |
| 3,043 spec homes at Oct 31, 2025 (1,783 under construction, 1,260 completed). | source | |
| Toll Brothers Mortgage financed 4,898 settlements, a 43.4% capture rate (38.0% in 2024). | source | |
| Revenue $10,966.7M and net income $1,346.5M in fiscal 2025 (XBRL / 10-K table). | source | |
| Controlled 73 land parcels as for-rent apartment projects (Toll Brothers Apartment Living and Campus Living) at Oct 31, 2025. | source |
Who it’s actually for
- Move-up, empty-nester and second-home buyers in the $750,000+ range.
- Urban condo buyers (City Living, built with joint venture partners).
What we could not verify
- Average delivered price for the whole company: not captured in the passages we read.
Related
PulteGroup vs Toll Brothers · Developers and builders hub · All profiles
Last verified 2026-10-20. Figures were re-read from the linked sources that day.
View changelog
- Profile published from sources read this day.
Sources
- Toll Brothers Form 10-K for fiscal 2025 (year ended Oct 31, 2025) · accessed 2026-10-20
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