Who Owns Toll Brothers?
Toll Brothers is the corporate brand of Toll Brothers, Inc. (NYSE: TOL), a publicly traded luxury homebuilder headquartered in Fort Washington, Pennsylvania. The brand covers high-end single-family homes, active-adult communities, and urban condos across about 24 states and 60 markets. The company delivered a record 11,292 homes in fiscal 2025 at a $960,000 average price.
Parent Company
Founded
1967
Status
Publicly Traded
Headquarters
Who Owns Toll Brothers?
- Parent Company: Toll Brothers, Inc.
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: TOL
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Toll Brothers | Toll Brothers, Inc. | Brand division |
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History of Toll Brothers
- Founded: 1967
- Founders: Robert I. Toll, Bruce E. Toll
Robert and Bruce Toll started building homes in 1967 in the Philadelphia suburbs. The brothers, a lawyer and an accountant respectively, focused on colonial-style homes for move-up buyers in good school districts, a niche that proved scalable. Early communities in southeastern Pennsylvania established the formula: attractive land, premium finish quality, and amenity-rich master planning.
The company went public on the NYSE in 1986 and spent the following decades expanding. Regional growth through the Northeast in the 1980s led to national expansion in the 1990s, including entry into California in 1994 and subsequent acquisitions of regional builders for their land positions.
The modern shape emerged under Yearley from 2010. The 2014 purchase of Shapell Homes for about $1.6 billion deepened California exposure, and the company added urban condo development through City Living and a multifamily arm it is now exiting.
FY2025, ended October 31, 2025, was a record year: 11,292 deliveries, $10.84 billion in home sales revenues, and community count up 9% to 446. In September 2025 the company agreed to sell its Apartment Living business, a move toward pure luxury-for-sale focus. Fiscal 2026 guidance includes another 8 to 10% community count growth.
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About Toll Brothers, Inc.
What does Toll Brothers own?
Toll Brothers owns its homebuilding operations across approximately 24 states and 60 markets, about 76,100 owned and optioned building lots, and its brands including Toll Brothers Active Living and City Living. It agreed in September 2025 to sell its Apartment Living multifamily business.
Is Toll Brothers publicly traded?
Yes. It trades on the New York Stock Exchange under ticker TOL. The company went public in 1986.
When was Toll Brothers founded?
Brothers Robert I. Toll and Bruce E. Toll founded the company in 1967 in southeastern Pennsylvania, initially building homes in the Philadelphia suburbs.
Who owns Toll Brothers?
Public shareholders own it. No Toll family member controls the company today. Douglas Yearley Jr. has served as chairman and CEO since 2010.
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What is Toll Brothers' market position?
It is the largest dedicated luxury homebuilder in the United States, delivering a record 11,292 homes at a $960,000 average price in fiscal 2025. Its niche is high-end homes for affluent, less rate-sensitive buyers.
Does Toll Brothers build apartments?
It did until recently. The company agreed in September 2025 to sell its Apartment Living rental business and is exiting multifamily over the next few years to concentrate on for-sale luxury homes.
- Founded: 1967
- Headquarters: Fort Washington, Pennsylvania, USA
- Company Type: Publicly Traded
- Stock: NYSE: TOL
- Revenue: $10.84 billion home sales revenues (FY2025)
- Employees: Approximately 4,900
Where Is Toll Brothers Made / Based?
- Headquarters: Fort Washington, Pennsylvania, USA
Toll Brothers Categories & Tags
Awards & Recognition
- Fortune World's Most Admired Companies: Repeatedly ranked among the most admired homebuilders.
- Builder Magazine rankings: Consistently listed among the top ten US homebuilders by revenue and closings, and the definitive leader in the luxury segment.
- Best Places to Work recognition: Multiple years of regional workplace awards across its operating divisions.
Toll Brothers Recalls & Controversies
Toll Brothers has no product recalls in the consumer goods sense; its controversies are development and construction related. Specific communities periodically attract local opposition over density, wetlands impact, or traffic, resolved through the permitting process.
Like all production builders, the company carries exposure to construction-defect claims, which it manages through warranties and insurance. No material company-level scandal, major regulatory enforcement, or systemic defect finding is part of its recent public record.
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Toll Brothers Ownership: Pros & Cons
Advantages
- +Public-company financial strength funds land acquisition at scale
- +Luxury buyer base provides revenue stability through rate cycles
- +Single unified brand concentrates marketing on one premium identity
- +27.3% adjusted gross margin leads the large-builder group
- +446 selling communities offer national reach with luxury positioning
Considerations
- -Luxury-only focus caps volume compared with mass-market builders
- -Backlog decline signals softening demand even at the high end
- -Large land positions expose the brand to local market downturns
- -No diversification outside residential real estate after multifamily exit
- -Premium pricing limits the buyer pool in weaker economic conditions
Frequently Asked Questions About Toll Brothers
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Sources & Further Reading
Competitors to Toll Brothers
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Dr Horton | USA | 1978 | Mass market | United states | All-ages | |
| Dr Horton | USA (parent) | 2017 | Premium | United states | All-ages | |
| Lennar | USA | 1954 | Mass market | United states | All-ages | |
| Greystar | USA | 2020 | Mass market | United states | Unisex | |
| Greystar | USA | 2015 | Premium | United states | All Genders | |
| Dr Horton | USA (parent) | 2014 | Mass market | United states | All-ages |
Learn More About Competitors
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Competitive Analysis
Market Positioning: Toll Brothers competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Greystar Real Estate Partners' quality-focused multifamily residential brand offering apartment communities with quality finishes, inviting spaces, and convenient amenities at accessible price points across the United States; one of several Greystar conventional multifamily brands alongside Bellamy, Birchway, and Marlowe.
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Avana is privately owned, unlike Toll Brothers which is under a publicly traded parent company.
Toll Brothers, Inc. Stock Information
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