Toll Brothers Revenue Up, Gives Cautious 2026 Outlook as Housing Demand Remains Soft

Dow Jones12-09

By Katherine Hamilton

Toll Brothers logged higher revenue in the fourth quarter, but gave a cautious outlook on house deliveries in the new fiscal year as industry demand remains soft.

The Fort Washington, Pa., homebuilder on Monday posted a profit of $446.7 million, or $4.58 a share, in the quarter ended Oct. 31, compared with $475.4 million, or $4.63 a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were also $4.58, behind the $4.85 anticipated by analysts, according to FactSet.

Revenue rose 3% to $3.42 billion. Analysts surveyed by FactSet forecast revenue of $3.30 billion.

Toll Brothers delivered 3,443 houses in the fourth quarter, beating the 3,369 analysts anticipated.

In fiscal 2026, Toll Brothers expects to deliver 10,300 to 10,700 units at an average price of $970,000 to $990,000, it said. Wall Street was projecting 10,748 units with an average price of $989,170, according to FactSet.

Chief Executive Douglas Yearley said demand is still soft across many markets. The company is focused on taking a disciplined approach to balance price and pace with demand trends, he said.

Toll Brothers is managing its speculative starts and inventory on a community-to-community basis to best match local demand, Yearley said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 08, 2025 16:51 ET (21:51 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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T","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TOL":"托尔兄弟"},"translate_title":"由于住房需求依然疲软，Toll Brothers收入增长，对2026年前景持谨慎态度","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TOL":1.5},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Toll Brothers logged higher revenue in the fourth quarter, but gave a cautious outlook on house deliveries in the new fiscal year as industry demand remains soft. \n\n\n  The Fort Washington, Pa., homebuilder on Monday posted a profit of $446.7 million, or $4.58 a share, in the quarter ended Oct. 31, compared with $475.4 million, or $4.63 a share, a year earlier. \n\n\n  Stripping out certain one-time items, adjusted per-share earnings were also $4.58, behind the $4.85 anticipated by analysts, according to FactSet. \n\n\n  Revenue rose 3% to $3.42 billion. 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