Toll Brothers is an American real estate company based in Horsham, Pennsylvania. They are a builder of luxury homes in major metropolitan areas in the contiguous United States. Toll Brothers is a publicly-traded company listed on the New York Stock Exchange.

As of October 2013, Toll Brothers owned 103 subsidiary corporations, 241 limited liability companies and had active partnerships with 211 companies. It has subsidiaries for land development, engineering, marketing, golf course, architecture, mortgaging, title insurance and landscaping. Toll Commercial and Toll Brothers Realty Trust are subsidiaries for commercial property. Gibraltar Capital and Asset Management buys existing real estate portfolios. Toll Brothers City Living builds luxury condos and townhomes.

As of January 2016 Toll Brothers operated in 50 markets across 19 American states. At the end of 2014 Toll Brothers reported having 263 active communities.

In 2015, Builder Magazine regarded Toll Brothers as the tenth largest American builder based on 2014 total closings of 5,397 homes. They were the fifth largest American builder based on 2014 revenue of $3.912 billion.

Toll Brothers reported in 2015 that its average delivered home price was US$755,000 and its average backlog price was US$862,000. This was approximately 2.5 times the average American new home selling price in December 2015. Bloomberg regards them as the largest luxury-home builder in the United States in December 2015.

As of October 31, 2015, the company had over $928 million in cash and marketable securities, revenue of $4.171 billion and income of $535 million before taxes. Toll Brothers is listed on the Fortune 500, 2017 edition.

Toll Brothers was founded in 1967 in Pennsylvania by Robert I. Toll and Bruce E. Toll. Bob received a law degree from University of Pennsylvania and his B.A. from Cornell University, while his brother Bruce had an accounting degree from the University of Miami. Their father, Albert, built homes and the brothers believed that the new home industry had more to offer. Bruce was 24 at the time.

In 1982 Toll Brothers expanded to New Jersey. In May 1986 where they developed property in Kennelon, NJ, in cooperation with Michael Felkay. Toll Brothers was incorporated as a Delaware corporation with a public offering raising $40 million.

Doug Yearley joined Toll Brothers in 1990 and was promoted as Chief Executive Officer in June 2010. Doug also serves as Co-Chair of the Pennsylvania Chapter of American Cancer Society's CEO's Against Cancer.

Robert Toll now serves exclusively as Executive Chairman of the Board.

Richard Hartman joined Toll Brothers in 1980 and was promoted to Chief Operating Officer and Executive Vice President in January 2012.

Martin Connor was hired as Toll Brother's CFO in 2010.

Toll Brothers primarily builds customized single and attached luxury homes on land that it acquires and develops.

In 2011, Toll Brothers acquired Seattle builder CamWest Development LLC for an undisclosed cash price.

In November 2013, Toll Brothers agreed to buy Shapell Industries for roughly $1.6 billion. The acquisition delivered an additional 5,200 lots in the Los Angeles and San Francisco Bay areas.

In 2014, Toll Brothers doubled its presence in Houston through the purchase of a 3,700 acre parcel known as the Sienna South project which is planned to be used for about 6,500 homes.

In January 2015, Toll Brothers acquired Gramercy Park site to expand its presence in New York City.

In September 2015, Toll Brothers held 47,200 home sites.

In November 2016, Toll Brothers acquired Coleman Homes for an undisclosed cash price.

Toll Brothers was named the Most Admired Home Building Company in Fortune magazine's survey of the World's Most Admired Companies for 2015. Toll Brothers was ranked by Fortune as the 39th fastest growing company in 2014.

In 2014 Builder Magazine and in 2012 Professional Builder Magazine named Toll Brothers 'Builder of the Year'.

An analysis of the Q4 2015 financial reports indicates that Toll Brothers had a current ratio (current assets / current liabilities) of over 9. These assets provided Toll Brothers with working capital of over US$7.297 billion. Toll Brothers had a quick ratio (acid test) of 1.33.

Toll Brothers had an accounts receivable turnover of 15.6 providing an average days' sales in accounts receivable of 23.4 days. Inventory turnover was 0.48 with an average days' sales in inventory of 764 days.

Toll Brothers' had a debt-to-equity ratio of 1.18 and a debt-to-capital ratio of 46.6% in Q4 2015.

Toll Brothers was sued in April 2007 by a group of investors claiming they were misled by directors about their ability to maintain historically high-earnings during the downturn in the U.S. residential real estate market. Toll Brothers agreed to settle suit for $25 million, though they did not admit any wrongdoing.

Six residents at the Northside Piers development complained of faulty window seals that leaked in air and rain when windy. The project gained notoriety in 2007 when a kettle of roofing tar on the top level caught fire during construction and although quickly contained produced a significant amount of smoke. After meeting with the residents Toll Brothers agreed to fix the seals. Toll Brothers sued the contractor who installed the windows for $10 million.

In 2012, the company was required to pay a penalty of $741,000 for numerous alleged violations of the Clean Water Act, including more than 600 relating to runoff of stormwater at its building sites, among them sites in the Chesapeake Bay Watershed. Toll Brothers agreed to implement storm-water training and prevention techniques across the entire company.