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Toll Brothers (DE:TLK)
FRANKFURT:TLK
Earnings Data
Report Date
May 26, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.2Last Year’s EPS
2.96Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: Toll Brothers beat guidance across multiple metrics (revenue, EPS, gross margin and SG&A margin), strengthened liquidity and reduced leverage, realized significant one-time JV/land sale proceeds, and reiterated controlled growth targets for communities and deliveries. Offsetting factors include a forecasted sequential margin dip in Q2 driven by mix, modest write-offs, regional softness in some markets, and remaining demand and cost uncertainties (spec exposure, lumber and immigration-related buyer hesitancy). On balance, the positive beats, strong balance sheet and healthy buyer profile outweigh the highlighted headwinds.Company Guidance
Exceeded Revenue and EPS Guidance
Delivered 1,899 homes and generated $1.85 billion of homebuilding revenue (~$24 million above the midpoint of guidance). GAAP diluted EPS of $2.19, a 25% increase vs. prior-year Q1 ($1.75) and $0.05 above implied guidance.
Contract Activity and Pricing Momentum
Signed 2,303 net contracts for $2.4 billion in the quarter — flat in units and +3% in dollars vs. prior-year Q1. Average contract price rose to ~$1,033,000 (up ~3% YoY and ~6% sequentially).
Strong Margins and Operating Efficiency
Reported first-quarter adjusted gross margin of 26.5% (25 bps better than guidance). Build-to-order average adjusted gross margin remained above 30% and build costs were flat vs. Q4 2025.
SG&A Leverage and Tax Benefits
SG&A was 13.9% of revenue in Q1 (30 bps better than guidance, noting seasonality and accelerated stock‑based compensation). Q1 tax rate was 22.9%, 30 bps better than guidance.
Material Balance Sheet Strength and Liquidity
Ended Q1 with ~$3.4 billion of liquidity (approx. $1.2B cash and $2.2B available on revolver). Net debt-to-cap was 14.2% vs. 21.1% a year ago, and revolving/term facilities maturities extended to Feb 2031.
Significant Non-Operating Cash Realization
Recognized $72 million of joint venture/land sales/other income in Q1 (vs. $2.5M prior year), including net gain on substantially completing sale of ~half of the Apartment Living portfolio with net cash proceeds of ~$330 million.
Healthy Product Mix and Upsell Economics
Maintaining roughly a 50/50 split between spec and build-to-order revenue. Design studio upgrades, structural options and lot premiums averaged $212,000 (≈25% of average base sales price), supporting margins and customer personalization.
Backlog, Land Positioning and Growth Targets
Own/control ~75,000 lots (55% optioned), backlog supports ~2.7 years of owned land. Community count expected to grow from 445 at Q1 end to ~455 at Q2 end and target 480–490 by year end (~8%–10% growth).
Low Cancellation Rate and Buyer Financial Strength
Contract cancellation rate was low at 2.8% of beginning backlog. Approximately 24% of buyers paid all cash and mortgage buyers averaged ~70% loan-to-value, indicating financial resilience of buyer base.
DE:TLK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:TLK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | €136.85 | €137.50 | +0.47% |
Dec 08, 2025 | €119.92 | €110.99 | -7.45% |
Aug 19, 2025 | €113.56 | €111.67 | -1.67% |
May 20, 2025 | €93.07 | €95.06 | +2.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Toll Brothers (DE:TLK) report earnings?
Toll Brothers (DE:TLK) is schdueled to report earning on May 26, 2026, TBA (Confirmed).
What is Toll Brothers (DE:TLK) earnings time?
Toll Brothers (DE:TLK) earnings time is at May 26, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Toll Brothers stock?
The P/E ratio of Toll Brothers is N/A.
What is DE:TLK EPS forecast?
DE:TLK EPS forecast for the fiscal quarter 2026 (Q2) is 2.2.
