as nyse tol industry homebuilding founded 1967 1967 founder robert i. toll bruce e. toll headquarters horsham pennsylvania united states key people robert i. toll chairman douglas c. yearley jr. ceo rick hartman president coo martin p. connor cfo products new homes and condos revenue us 3.91 billion 2014 us 2.67 billion 2013 us 1.88 billion 2012 operating income us 535 million 2015 net income us 363 million 2015 number of employees 2 396 2013 website http www.tollbrothers.com footnotes references 1 toll brothers is an american real estate company based in horsham pennsylvania . they are a builder of luxury homes 2 in major metropolitan areas in the contiguous united states . 3 toll brothers is a publicly traded company listed on the new york stock exchange . 4 contents 1 company overview 2 history 3 executives 4 acquisitions 5 awards 6 financial analysis 7 disputes 8 references company overview edit as of october 2013 toll brothers owned 103 subsidiary corporations 241 limited liability companies and had active partnerships with 211 companies . 5 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 . 3 toll brothers city living builds luxury condos and townhomes . as of january 2016 toll brothers operated in 50 markets across 19 american states . 6 at the end of 2014 toll brothers reported having 263 active communities . 7 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 . 8 toll brothers reported in 2015 that its average delivered home price was us 755 000 and its average backlog price was us 862 000 . 9 this was approximately 2.5 times the average american new home selling price in december 2015 . 10 bloomberg regards them as the largest luxury home builder in the united states in december 2015 . 11 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 . 12 history edit 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 . 13 in 1982 toll brothers expanded to new jersey . in may 1986 toll brothers was incorporated as a delaware corporation 3 with a public offering raising 40 million . 14 executives edit doug yearley joined toll brothers in 1990 and was promoted as chief executive officer in june 2010 . 15 doug also serves as co chair of the pennsylvania chapter of american cancer society s ceo s against cancer . 16 robert toll now serves exclusively as executive chairman of the board . 17 richard hartman joined toll brothers in 1980 and was promoted to chief operating officer and executive vice president in january 2012 . 18 martin connor was hired as toll brother s cfo in 2010 . 19 acquisitions edit toll brothers primarily builds customized single and attached luxury homes on land that it acquires and develops . 20 in 2011 toll brothers acquired seattle builder camwest development llc for an undisclosed cash price . 21 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 . 22 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 . 23 in january 2015 toll brothers acquired gramercy park site to expand its presence in new york city . 24 in september 2015 toll brothers held 47 200 home sites . 25 awards edit toll brothers was named the most admired home building company in fortune magazine s survey of the world s most admired companies for 2015 . 26 toll brothers was ranked by fortune as the 39th fastest growing company in 2014 . 27 in 2014 builder magazine 28 and in 2012 professional builder magazine 29 named toll brothers builder of the year . 30 financial analysis edit an analysis of the q4 2015 financial reports 31 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 . 32 disputes edit 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 . 33 toll brothers agreed to settle suit for 25 million though they did not admit any wrongdoing . 34 six residents at the northside piers development complained of faulty window seals that leaked in air and rain when windy . 35 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 . 36 after meeting with the residents toll brothers agreed to fix the seals . 37 toll brothers sued the contractor who installed the windows for 10 million . 38 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 . 39 toll brothers agreed to implement storm water training and prevention techniques across the entire company . 40 references edit toll brothers december 28 2012 toll brothers inc. 10 k u.s. securities and exchange commission retrieved january 27 2013 mrgopal prashant gopal . toll brothers fourth quarter profit rises with home prices . bloomberg.com . retrieved february 16 2016 . a b c toll brothers inc. form 10 k u.s. securities and exchange commission december 22 2010 nyse . www.nyse.com . retrieved february 12 2016 . tol 2013.10.31 10 k ex .21 . www.sec.gov . retrieved february 12 2016 . department toll brothers inc. internal web . toll brothers about toll brothers . www.tollbrothers.com . retrieved february 10 2016 . sharp rise in average 2014 toll brothers sales price market realist . marketrealist.com . retrieved february 12 2016 . 2015 builder 100 . builder . retrieved february 10 2016 . department toll brothers inc. internal web . toll brothers 2015 corporate overview . www.tollbrothers.com . retrieved february 12 2016 . us census median and average sales prices of new homes sold in united states pdf . us census . retrieved february 12 2016 . mrgopal prashant gopal . toll brothers fourth quarter profit rises with home prices . bloomberg.com . retrieved february 12 2016 . department toll brothers inc. internal web . toll brothers 2015 interactive annual report . www.tollbrothers.com . retrieved february 12 2016 . history of toll brothers inc. fundinguniverse . www.fundinguniverse.com . retrieved february 10 2016 . toll brothers inc facts information pictures encyclopedia.com articles about toll brothers inc . www.encyclopedia.com . retrieved february 10 2016 . department toll brothers inc. internal web . toll brothers executive biographies . www.tollbrothers.com . retrieved february 13 2016 . the american cancer society philadelphia ceos against cancer . main.acsevents.org . retrieved february 13 2016 . department toll brothers inc. internal web . toll brothers executive biographies . www.tollbrothers.com . retrieved february 13 2016 . department toll brothers inc. internal web . toll brothers executive biographies . www.tollbrothers.com . retrieved february 13 2016 . department toll brothers inc. internal web . toll brothers executive biographies . www.tollbrothers.com . retrieved february 13 2016 . tol new york stock quote toll brothers inc . bloomberg.com . retrieved february 10 2016 . wotapka dawn . toll brothers to buy seattle builder . wall street journal . issn 0099 9660 . retrieved february 10 2016 . gittelsohn john . toll to buy california builder shapell for 1.6 billion . bloomberg.com . retrieved february 10 2016 . hudson kris . toll spreads out in houston . wall street journal . issn 0099 9660 . retrieved february 10 2016 . toll brothers makes 135m buy in nyc new york business journal . builder . retrieved february 10 2016 . a geographic overview of toll brothers homebuilding operation market realist . marketrealist.com . retrieved february 12 2016 . toll brothers . fortune . retrieved february 10 2016 . toll brothers . fortune . retrieved february 10 2016 . toll brothers takes home builder of the year honors at hls . builder . retrieved february 10 2016 . builder of the year report toll brothers new guard new era more success . pro builder . retrieved february 10 2016 . inc. toll brothers . toll brothers named builder of the year by builder magazine . globenewswire news room . retrieved february 10 2016 . the globe and mail stock quote . the globe and mail . retrieved february 16 2016 . toll brothers 2015 annual report pdf . toll brothers . retrieved february 17 2016 . http www.sedgwicklaw.com credit crunch digest 12 29 2010 toll pearson sophia november 2 2010 toll to pay 25 million to end lawsuit alleging company misled investors bloomberg.com bloomberg l.p. calder rich march 23 2011 williamsburg waterfront condo residents complain of shoddy construction new york post nypost.com dobkin jak september 26 2007 williamsburg condo market going up in flames gothamist blog gothamist disgruntled northside piers buyers declare war on toll brothers . curbed ny . retrieved february 11 2016 . pincus adam . toll bros. sues contractors at one northside piers for 10 million . the real deal new york . retrieved february 11 2016 . homebuilder toll brothers inc. to pay 741 000 clean water act penalty and implement company wide stormwater controls settlement to prevent millions of pounds of sediment and polluted stormwater runoff from entering u.s. waterways each year united states environmental protection agency june 20 2012 retrieved february 10 2016 toll brothers settles with epa public spirit willow grove guide montgomery news . montgomery media . retrieved february 11 2016 . v t e philadelphia area corporations including the delaware valley list of companies based in the philadelphia area philadelphia based fortune 500 corporations rank in the 2015 list comcast 43 aramark 207 crown holdings 318 delaware valley based fortune 500 corporations rank in the 2015 list amerisourcebergen 16 dupont 87 lincoln national 223 universal health services 324 campbell soup 342 ugi 349 burlington stores inc. 500 other notable philadelphia based businesses amoroso s beneficial bank chemtura day & zimmermann fmc corporation independence blue cross pennsylvania real estate investment trust pep boys philadelphia media network radian group urban outfitters notable philadelphia based professional partnerships ballard spahr blank rome cozen o connor dechert drinker biddle & reath duane morris morgan lewis & bockius pepper hamilton saul ewing white and williams other notable delaware valley based businesses actua corporation airgas alliedbarton ametek aqua america asplundh bentley systems brandywine realty