HOV · Hovnanian Enterprises Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $631.95M | - | $800.58M | $686.47M | $673.62M | - | $722.70M | $708.38M | $594.20M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $606.69M | - | $792.29M | $669.38M | $642.97M | - | $636.13M | $650.15M | $577.96M | - |
| D&A | $3.27M | - | - | - | $2.30M | - | - | - | $1.60M | - |
| Operating Income | $28.70M | - | $23.80M | $26.53M | $39.86M | - | $97.27M | $69.39M | $32.56M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $7.84M | - | $7.19M | $6.80M | $11.67M | - | $24.35M | $18.56M | $8.66M | - |
| Net Income | $18.19M | - | $13.71M | $16.91M | $25.31M | - | $68.70M | $45.97M | $20.21M | - |
| EPS - Basic | $2.80 | - | $2.14 | $2.64 | $3.88 | - | $10.61 | $7.12 | $3.11 | - |
| EPS - Diluted | $2.62 | - | $1.99 | $2.43 | $3.58 | - | $9.75 | $6.66 | $2.91 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $2.73B | $2.63B | $2.63B | $2.55B | $2.53B | $2.61B | $2.54B | $2.32B | $2.34B | $2.49B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $901.31M | $900.72M | $861.92M | $864.28M | $893.71M | $896.22M | $898.75M | $932.96M | $934.62M | $1.05B |
| Total Liabilities | $1.90B | $1.80B | $1.79B | $1.73B | $1.72B | $1.81B | $1.84B | $1.67B | $1.73B | $1.91B |
| Stockholders' Equity | $835.74M | $830.93M | $835.36M | $820.37M | $811.43M | $800.35M | $703.38M | $647.05M | $607.09M | $581.74M |
| Retained Earnings | $145.52M | $127.33M | $130.66M | $116.72M | $99.66M | $74.14M | ($17.55M) | ($87.80M) | ($135.96M) | ($157.20M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $140.89M | - | - | - | ($55.88M) | - | - | - | ($89.00M) | - |
| Investing Cash Flow | ($29.12M) | - | - | - | ($25.07M) | - | - | - | ($4.12M) | - |
| Financing Cash Flow | ($52.63M) | - | - | - | ($41.58M) | - | - | - | ($146.27M) | - |
| CapEx | $8.77M | - | - | - | $3.69M | - | - | - | $5.44M | - |
| Free Cash Flow | $132.12M | - | - | - | ($59.56M) | - | - | - | ($94.45M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 4.5% | - | 3.0% | 3.9% | 5.9% | - | 13.5% | 9.8% | 5.5% | - |
| EBITDA margin | 5.1% | - | - | - | 6.3% | - | - | - | 5.7% | - |
| Net margin | 2.9% | - | 1.7% | 2.5% | 3.8% | - | 9.5% | 6.5% | 3.4% | - |
| Free cash flow margin | 20.9% | - | - | - | -8.8% | - | - | - | -15.9% | - |
| FCF / Net income | 7.26 | - | - | - | -2.35 | - | - | - | -4.67 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 30.1% | - | 34.4% | 28.7% | 31.6% | - | 26.2% | 28.8% | 30.0% | - |
| Return on assets | 0.7% | - | 0.5% | 0.7% | 1.0% | - | 2.7% | 2.0% | 0.9% | - |
| Return on equity | 2.2% | - | 1.6% | 2.1% | 3.1% | - | 9.8% | 7.1% | 3.3% | - |
| Return on invested capital | 1.2% | - | 0.9% | 1.1% | 1.6% | - | 4.5% | 3.1% | 1.5% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 1.08 | 1.08 | 1.03 | 1.05 | 1.10 | 1.12 | 1.28 | 1.44 | 1.54 | 1.81 |
| Debt / Assets | 0.33 | 0.34 | 0.33 | 0.34 | 0.35 | 0.34 | 0.35 | 0.40 | 0.40 | 0.42 |
| Debt / EBITDA | 28.19 | - | - | - | 21.20 | - | - | - | 27.36 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.27 | 3.17 | 3.15 | 3.11 | 3.12 | 3.26 | 3.61 | 3.58 | 3.86 | 4.29 |
| Liabilities / Assets | 0.69 | 0.68 | 0.68 | 0.68 | 0.68 | 0.69 | 0.72 | 0.72 | 0.74 | 0.77 |
| Efficiency | ||||||||||
| Asset turnover | 0.23 | - | 0.30 | 0.27 | 0.27 | - | 0.28 | 0.31 | 0.25 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 43.0x | - | 60.0x | 39.8x | 37.0x | - | 21.5x | 22.2x | 58.1x | - |
| P / B | 0.9x | - | 1.0x | 0.8x | 1.2x | - | 2.1x | 1.6x | 1.9x | - |
| P / S | 1.2x | - | 1.0x | 1.0x | 1.4x | - | 2.0x | 1.4x | 2.0x | - |
| EV / EBITDA | 52.7x | - | - | - | 43.4x | - | - | - | 61.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -6.2% | - | 10.8% | -3.1% | 13.4% | - | 11.2% | 0.7% | 15.3% | - |
| Revenue CAGR (3y) | 7.0% | - | 1.4% | -0.8% | 6.0% | - | 1.5% | 0.2% | 1.1% | - |
| Revenue CAGR (5y) | 1.9% | - | 5.0% | 5.0% | 6.4% | - | 8.4% | 10.0% | 9.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -28.0% | - | -75.5% | -61.8% | 22.4% | - | 38.2% | 50.4% | 80.4% | - |
| Net income growth (YoY) | -28.1% | - | -80.0% | -63.2% | 25.2% | - | 38.7% | 59.2% | 1.3% | - |
| EPS growth (YoY) | -26.8% | - | -79.6% | -63.5% | 23.0% | - | 32.1% | 49.0% | 28.8% | - |
| EPS CAGR (3y) | 5.1% | - | -43.1% | -33.8% | 5.3% | - | 13.2% | -54.3% | 1.9% | - |
| EPS CAGR (5y) | -1.0% | - | - | 32.3% | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 36.9% | - | - | - | -170.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3.0% | 3.8% | 18.8% | 26.8% | 33.7% | 37.6% | 45.8% | 50.7% | 53.4% | 51.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-10-31.
Business segments
$2.97B totalHome Building Segment$2.85B · 95.9%
Financial Services$94.97M · 3.2%
All Other Segments$25.79M · 0.9%
Product / service
$2.97B totalHome Building$2.85B · 96.0%
Financial Service$94.97M · 3.2%
Management Fees$25.30M · 0.9%
Geographic
$2.85B totalWest$1.36B · 47.6%
Northeast$1.15B · 40.2%
Southeast$349.45M · 12.2%
Peer comparison
Same SIC group: Operative Builders
Comparing HOVNANIAN ENTERPRISES INC against the 5 most active filers in the same SIC group.