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.

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.

Brothers Robert I. Toll and Bruce E. Toll founded the company in 1967 in southeastern Pennsylvania, initially building colonial-style homes in the Philadelphia suburbs. Robert, a lawyer, handled the business side while Bruce, an accountant, ran construction operations. Their bet was that move-up buyers would pay premiums for well-finished homes in good school districts, a thesis that proved durable for five decades.

The company went public on the NYSE in 1986 and used the capital to expand regionally through the Northeast in the 1980s and nationally through the 1990s. It entered California in 1994 and continued acquiring regional builders to add local land positions and expertise.

Robert Toll led as CEO until 2010, when Douglas Yearley Jr., a company veteran who joined in 1990, took over. Yearley's tenure included the 2014 acquisition of Shapell Homes for approximately $1.6 billion, expanding the California land position, and a diversification into luxury urban condos and rental apartments.

FY2025, ended October 31, 2025, was a record year despite a difficult sales environment: 11,292 deliveries at $960,000 average, $10.84 billion in home sales revenues, adjusted gross margin of 27.3%, and $13.49 in diluted earnings per share. The company returned approximately $750 million to shareholders through buybacks and dividends while growing community count 9% to 446. In September 2025 it agreed to sell its Apartment Living business, with closing expected by early fiscal 2026.

Homebuilding sustainability is operational: energy-efficient construction standards, water management, and materials sourcing. Toll Brothers reports green building practices including energy-efficient systems in new homes and compliance with evolving energy codes across its markets.

As a production builder rather than a consumer goods company, third-party ethical certifications play a limited role. The company publishes governance and sustainability disclosures through its investor materials and annual reporting.

Toll Brothers' public controversies are typical of large land developers rather than corporate misconduct. Community opposition to specific development projects arises periodically over density, wetlands, or traffic, handled through local permitting processes.

The company has faced construction-defect litigation in various markets over its history, standard exposure for production builders, typically resolved through insurance and warranty programs. No material company-level scandal or regulatory enforcement is part of its recent record.