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| Company type | Public |
|---|---|
| Industry | Home construction |
| Founded | 1967; 58 years ago (1967) |
| Founders | |
| Headquarters | Fort Washington, Pennsylvania, U.S. |
Key people | Douglas C. Yearley, Jr. (Chairman andCEO) |
Production output | 10,813 new home deliveries (2024) |
| Revenue |  US$10.8 billion (2024) |
| US$2.04 billion (2024) | |
| US$1.57 billion (2024) | |
| Total assets | US$13.4 billion (2024) |
| Total equity | US$7.67 billion (2024) |
Number of employees | 4,900 (2024) |
| Website | tollbrothers |
| Footnotes / references [1] | |
Toll Brothers, Inc. is an American homebuilding company that builds, markets, and finances for residential and commercial properties in the United States.[2][3] In 2020, the company was the fifth largest home builder in the United States, based on homebuilding revenue. The company is ranked 411th on theFortune 500.
In 2021, the company sold homes at an average selling price of $844,400. Average prices ranged from $663,700 in the South region to $1,376,800 in the Pacific region.[4] As of 2024, Toll Integrated Systems, A Toll Brothers Company, operates a manufacturing, assembly and distribution center located in Morrisville, Bucks County, Pennsylvania.[5]
Toll Brothers was founded in 1967 in Pennsylvania byRobert I. Toll andBruce E. Toll. Robert received a law degree fromUniversity of Pennsylvania and his B.A. fromCornell University, while his brother Bruce had an accounting degree from theUniversity of Miami. Their father, Albert, built homes and the brothers believed that the new home industry had more to offer. Bruce was 26 and Robert was 27 at the time.[6]
Toll Brothers was incorporated as aDelaware corporation with a public offering raising $40 million.[7]
In addition tosingle-family,carriage house/townhouse andcondominium residences, Toll Brothers offers rental apartments (Apartment Living division) and luxury student housing (Campus Living division). They also operate various ancillary businesses includingmortgage,insurance,home automation/security, andlandscaping.
The key financial trends for Toll Brothers, Inc. are as follows, based on fiscal years ending December 31:[8]
| Year | Revenue (USD billion) | Gross Profit (USD billion) | Net Income (USD billion) |
|---|---|---|---|
| 1994 | 0.501 | 0.124 | 0.036 |
| 2000 | 1.80 | 0.446 | 0.145 |
| 2006 | 6.12 | 1.72 | 0.687 |
| 2011 | 1.48 | 0.215 | 0.039 |
| 2014 | 3.91 | 0.829 | 0.340 |
| 2020 | 7.08 | 1.421 | 0.446 |
| 2024 | 10.85 | 3.027 | 1.571 |
In December 2024, Toll Brothers delivered its strongest fiscal year ever, generating record $10.56 billion in home sales revenue, net income of US $1.57 billion, and diluted EPS of $15.01. This milestone was cited in its official FY 2024 earnings release.[9]
In Q1 2025, the company reported US $1.84 billion in revenue (down ~1.6%) and diluted EPS of $1.75, below analyst expectations. The shortfall was attributed to impairments and the delayed sale of a stabilized apartment property in a joint venture.[10]
Robert Toll stepped down as chairman in 2018 and served exclusively as special advisor to the company.[11]
Douglas C. Yearley Jr. joined Toll Brothers in 1990 and was promoted as chief executive officer in June 2010 and currently holds the position of chairman and chief executive officer.[12] Doug also serves as co-chair of the Pennsylvania Chapter ofAmerican Cancer Society's CEO's Against Cancer.[13] Martin Connor was hired as chief financial officer in 2010.[12]
Robert Parahus was promoted to chief operating officer and executive president in 2020.[12]
Toll Brothers has made thirteen acquisitions since 1995:[14]
Toll brothers has a 1.3/5 score on consumeraffairs.orgToll Brothers on Consumer Affairs. Common complaints are regarding quality and warranty service.
Toll Brothers was sued in April 2007 by a group of investors claiming they were misled by directors about their ability to maintain historically high earnings during the downturn in the U.S. residential real estate market.[15] Toll Brothers agreed to settle the suit for $25 million, though they did not admit any wrongdoing.[16]
The project gained notoriety in 2007 when a kettle of roofing tar on the top level caught fire during construction and although quickly contained produced a significant amount of smoke.[17] After meeting with the residents Toll Brothers agreed to fix the seals.[18] Toll Brothers sued the contractor who installed the windows for $10 million.[19]
In 2012, the company was required to pay a penalty of $741,000 for numerous alleged violations of theClean Water Act, including more than 600 relating to runoff of stormwater at its building sites, among them sites in theChesapeake Bay Watershed.[20] Toll Brothers agreed to implement storm-water training and prevention techniques across the entire company.[21]
The Toll Brothers have also filed lawsuits over denial of building permits over concerns about traffic density, watershed and other concerns[22][23]
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