--- title: "Toll Brothers | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 2.146 B" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/276173955.md" datetime: "2026-02-17T21:52:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276173955.md) - [en](https://longbridge.com/en/news/276173955.md) - [zh-HK](https://longbridge.com/zh-HK/news/276173955.md) --- > 支持的语言: [English](https://longbridge.com/en/news/276173955.md) | [繁體中文](https://longbridge.com/zh-HK/news/276173955.md) # Toll Brothers | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 2.146 B Revenue: As of FY2026 Q1, the actual value is USD 2.146 B, beating the estimate of USD 1.855 B. EPS: As of FY2026 Q1, the actual value is USD 2.19, beating the estimate of USD 2.1188. EBIT: As of FY2026 Q1, the actual value is USD 239.14 M. ### Financial Highlights for the Three Months Ended January 31, 2026 (Compared to January 31, 2025) #### Operational Performance - **Net Income**: 托尔兄弟 reported net income of $210.9 million, an increase from $177.7 million in the prior year period. - **Pre-tax Income**: The company’s pre-tax income was $273.6 million, up from $221.4 million. - **Income from Operations**: Income from operations was $219.1 million, or 10.2% of total revenues, compared to $219.1 million, or 11.8% of total revenues in the previous year. - **Home Sales Revenues**: Home sales revenues increased slightly to $1.85 billion from $1.84 billion. - **Delivered Homes**: The number of delivered homes was 1,899, a decrease from 1,991 units. - **Net Signed Contracts Value**: Net signed contract value rose to $2.38 billion from $2.31 billion. - **Contracted Homes**: Contracted homes remained relatively flat at 2,303 units compared to 2,307 units. - **Backlog Value**: Backlog value decreased to $6.02 billion from $6.94 billion. - **Homes in Backlog**: The number of homes in backlog was 5,051, down from 6,312. - **Home Sales Gross Margin**: Home sales gross margin was 24.8%, a slight decrease from 25.0%. - **Adjusted Home Sales Gross Margin**: Adjusted home sales gross margin, excluding interest and inventory write-downs, was 26.5%, down from 26.9%. - **SG&A as a Percentage of Home Sales Revenues**: Selling, general, and administrative expenses as a percentage of home sales revenues increased to 13.9% from 13.1%. - **Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other**: This category saw a significant increase to $72.0 million from $2.5 million. - **Quarterly Cancellations as a Percentage of Beginning-Quarter Backlog**: This metric increased to 2.8% from 2.4%. - **Quarterly Cancellations as a Percentage of Signed Contracts in Quarter**: This metric decreased to 5.4% from 5.8%. - **Effective Tax Rate**: The effective tax rate was 22.9% compared to 19.7% in the prior year. #### Segment Revenue (Home Sales Revenues by Region) - **North**: $278.4 million (278 units) in 2026, compared to $254.7 million (247 units) in 2025. - **Mid-Atlantic**: $238.2 million (252 units) in 2026, compared to $236.2 million (266 units) in 2025. - **South**: $469.6 million (578 units) in 2026, compared to $506.3 million (596 units) in 2025. - **Mountain**: $475.8 million (537 units) in 2026, compared to $556.7 million (663 units) in 2025. - **Pacific**: $393.1 million (254 units) in 2026, compared to $287.1 million (219 units) in 2025. - **Land Sales and Other**: Revenues were $290.6 million in 2026, significantly up from $18.4 million in 2025. #### Balance Sheet and Cash Flow Related Metrics - **Cash and Cash Equivalents**: 托尔兄弟 ended the first quarter of FY 2026 with $1.20 billion in cash and cash equivalents, down from $1.26 billion at FYE 2025 but up from $574.8 million at FY 2025’s first quarter. - **Available Credit**: The company had $2.20 billion available under its $2.35 billion senior unsecured revolving credit facility. - **Stockholders’ Equity**: Stockholders’ equity at FY 2026 first quarter end was $8.41 billion, compared to $8.27 billion at FYE 2025. - **Debt-to-Capital Ratio**: The debt-to-capital ratio was 24.4% at FY 2026 first quarter end, compared to 26.0% at FY 2025’s fourth quarter end and first quarter end. - **Net Debt-to-Capital Ratio**: The net debt-to-capital ratio was 14.2% at FY 2026 first quarter end, compared to 15.3% at FY 2025’s fourth quarter end and 21.1% at FY 2025’s first quarter end. - **Land Acquisition**: Approximately $424.4 million was spent on land to purchase 2,189 lots during the first quarter of FY 2026. - **Lots Owned and Optioned**: The company ended the quarter with approximately 75,000 lots owned and optioned. - **Selling Communities**: The number of selling communities was 445. #### Unique Metrics / Other Significant Events - **Apartment Living Portfolio Sale**: 托尔兄弟 substantially completed the sale of approximately half of its Apartment Living portfolio, including its operating platform, for net cash proceeds of approximately $330 million. - **Repurchase Program**: The company repurchased approximately 0.3 million shares for a total purchase price of $50.5 million at an average price of $146.75 per share. - **Credit Facility Extension**: The maturity date of the senior unsecured revolving facility was extended from February 7, 2030, to February 5, 2031, and the total available amount increased from $2.35 billion to $2.38 billion. - **Dividend Payment**: A quarterly dividend of $0.25 per share was paid on January 23, 2026. ### Outlook / Guidance 托尔兄弟 has provided financial guidance for the second quarter and full fiscal year 2026. For Q2 2026, the company expects deliveries between 2,400 and 2,500 units, with an average delivered price per home between $975,000 and $985,000, and an adjusted home sales gross margin of 25.50%. For the full fiscal year 2026, deliveries are projected to be between 10,300 and 10,700 units, with an average delivered price per home ranging from $970,000 to $990,000, and an adjusted home sales gross margin of 26.00%. ### 相关股票 - [Toll Brothers (TOL.US)](https://longbridge.com/zh-CN/quote/TOL.US.md) ## 相关资讯与研究 - [Toll Brothers Announces New Luxury Waterfront Community Coming Soon to Marion, Massachusetts | TOL Stock News](https://longbridge.com/zh-CN/news/281408493.md) - [Toll Brothers Honored at the New Jersey Builders Association Awards | TOL Stock News](https://longbridge.com/zh-CN/news/281566027.md) - [Search Homes and See What You Can Afford with the New Realtor.com® App in ChatGPT | NWS Stock News](https://longbridge.com/zh-CN/news/280995117.md) - [The Great Housing Mismatch: Empty Nesters Own 28% of the Nation’s Large Homes, Millennial Families Own 16% | RKT Stock News](https://longbridge.com/zh-CN/news/281524189.md) - [Wealth First Promoters Confirm 74% Stake With No Encumbrance in FY26](https://longbridge.com/zh-CN/news/281530653.md)