As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the home builders industry, including Toll Brothers (NYSE: TOL) and its peers.

Traditionally, homebuilders have built competitive advantages with economies of scale that lead to advantaged purchasing and brand recognition among consumers. Aesthetic trends have always been important in the space, but more recently, energy efficiency and conservation are driving innovation. However, these companies are still at the whim of the macro, specifically interest rates that heavily impact new and existing home sales. In fact, homebuilders are one of the most cyclical subsectors within industrials.

The 10 home builders stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 0.9%.

In light of this news, share prices of the companies have held steady as they are up 3.1% on average since the latest earnings results.

Toll Brothers (NYSE: TOL)

Started by two brothers who started by building and selling just one home in Pennsylvania, today Toll Brothers (NYSE: TOL) is a luxury homebuilder across the United States.

Toll Brothers reported revenues of $2.53 billion, down 7.6% year on year. This print exceeded analysts’ expectations by 4.6%. Overall, it was an exceptional quarter for the company with a beat of analysts’ EPS estimates.

Karl K. Mistry, chief executive officer, stated: “In the second quarter, we once again successfully navigated a challenging market and produced strong results."

Toll Brothers achieved the biggest analyst estimate beat of the whole group. Unsurprisingly, the stock is up 17.2% since reporting and currently trades at $145.50.

Is now the time to buy Toll Brothers? Access our full analysis of the earnings results here, it’s free.

Best Q1: Installed Building Products (NYSE: IBP)

Founded in 1977, Installed Building Products (NYSE: IBP) is a company specializing in the installation of insulation, waterproofing, and other complementary building products for residential and commercial construction.

Installed Building Products reported revenues of $777.8 million, up 2.3% year on year, outperforming analysts’ expectations by 4.4%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA and EPS estimates.

Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 2.1% since reporting. It currently trades at $236.32.

Is now the time to buy Installed Building Products? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: NVR (NYSE: NVR)

Known for its unique land acquisition strategy, NVR (NYSE: NVR) is a respected homebuilder and mortgage company in the United States.

NVR reported revenues of $2.33 billion, down 10.5% year on year, falling short of analysts’ expectations by 3.9%. It was a disappointing quarter as it posted a significant miss of analysts’ EPS estimates.

NVR delivered the weakest performance against analyst estimates among its peers. As expected, the stock is down 1.7% since the results and currently trades at $6,241.

Read our full analysis of NVR’s results here.

Champion Homes (NYSE: SKY)

Founded in 1951, Champion Homes (NYSE: SKY) is a manufacturer of modular homes and buildings in North America.

Champion Homes reported revenues of $710.2 million, up 1.3% year on year. This print surpassed analysts’ expectations by 1.1%. Overall, it was a strong quarter as it also recorded a decent beat of analysts’ EBITDA estimates and EPS in line with analysts’ estimates.

The stock is up 13.2% since reporting and currently trades at $93.21.

Read our full, actionable report on Champion Homes here, it’s free.

PulteGroup (NYSE: PHM)

Having delivered over 850,000 homes since its founding in 1950, PulteGroup (NYSE: PHM) is one of America's largest homebuilders, constructing single-family homes, townhouses, and condominiums for first-time, move-up, and active adult buyers across 46 markets in 25 states.

PulteGroup reported revenues of $3.98 billion, down 9.6% year on year. This result topped analysts’ expectations by 1.1%. It was a strong quarter as it also logged a beat of analysts’ EPS estimates.

The stock is up 4% since reporting and currently trades at $129.25.

Read our full, actionable report on PulteGroup here, it’s free.

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.