TMHC · Taylor Morrison Home Corp - 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 | $1.39B | - | $2.10B | $2.03B | $1.90B | - | $2.12B | $1.99B | $1.70B | - |
| Cost of Revenue | $1.10B | - | $1.62B | $1.56B | $1.43B | - | $1.59B | $1.52B | $1.28B | - |
| Gross Profit | $290.64M | - | $476.62M | $467.49M | $463.27M | - | $531.07M | $472.29M | $416.85M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $58.97M | - | $65.28M | $66.66M | $67.55M | - | $199.34M | $196.74M | $170.16M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $10.73M | - | - | - | $9.02M | - | - | - | $10.25M | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $30.25M | - | $67.94M | $67.28M | $64.84M | - | $81.22M | $67.30M | $57.72M | - |
| Net Income | $98.63M | - | $201.44M | $193.58M | $213.47M | - | $251.13M | $199.46M | $190.27M | - |
| EPS - Basic | $1.03 | - | $2.05 | $1.94 | $2.11 | - | $2.41 | $1.89 | $1.79 | - |
| EPS - Diluted | $1.01 | - | $2.01 | $1.92 | $2.07 | - | $2.37 | $1.86 | $1.75 | - |
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 | $652.93M | $850.04M | $370.59M | $130.17M | $377.81M | $487.15M | $256.45M | $246.84M | $554.29M | $798.57M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $4.76B | $4.66B | $4.57B | $4.58B | $4.48B | $4.48B | $4.39B | $4.31B | $3.88B | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $9.77B | $9.84B | $9.63B | $9.45B | $9.38B | $9.30B | $9.30B | $9.10B | $8.91B | $8.67B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $2.34B | $2.29B | $2.19B | $2.10B | $2.08B | $2.12B | $2.14B | $2.15B | $2.09B | $2.02B |
| Total Liabilities | $3.52B | $3.53B | $3.43B | $3.39B | $3.43B | $3.42B | $3.58B | $3.57B | $3.48B | $3.34B |
| Stockholders' Equity | $6.25B | $6.29B | $6.20B | $6.06B | $5.96B | $5.87B | $5.72B | $5.53B | $5.43B | $5.31B |
| Retained Earnings | - | $5.18B | - | - | - | $4.39B | - | - | - | $3.51B |
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 | ($10.43M) | - | - | - | $77.23M | - | - | - | ($130.74M) | - |
| Investing Cash Flow | ($18.13M) | - | - | - | ($45.10M) | - | - | - | ($33.05M) | - |
| Financing Cash Flow | ($169.23M) | - | - | - | ($141.19M) | - | - | - | ($85.92M) | - |
| CapEx | $9.96M | - | - | - | $8.51M | - | - | - | $9.11M | - |
| Free Cash Flow | ($20.39M) | - | - | - | $68.72M | - | - | - | ($139.85M) | - |
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 | 21.0% | - | 22.7% | 23.0% | 24.4% | - | 25.0% | 23.7% | 24.5% | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 7.1% | - | 9.6% | 9.5% | 11.3% | - | 11.8% | 10.0% | 11.2% | - |
| Free cash flow margin | -1.5% | - | - | - | 3.6% | - | - | - | -8.2% | - |
| FCF / Net income | -0.21 | - | - | - | 0.32 | - | - | - | -0.73 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 4.3% | - | 3.1% | 3.3% | 3.6% | - | 9.4% | 9.9% | 10.0% | - |
| Effective tax rate | 23.5% | - | 25.2% | 25.8% | 23.3% | - | 24.4% | 25.2% | 23.3% | - |
| Return on assets | 1.0% | - | 2.1% | 2.0% | 2.3% | - | 2.7% | 2.2% | 2.1% | - |
| Return on equity | 1.6% | - | 3.3% | 3.2% | 3.6% | - | 4.4% | 3.6% | 3.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.37 | 0.36 | 0.35 | 0.35 | 0.35 | 0.36 | 0.37 | 0.39 | 0.39 | 0.38 |
| Debt / Assets | 0.24 | 0.23 | 0.23 | 0.22 | 0.22 | 0.23 | 0.23 | 0.24 | 0.23 | 0.23 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.56 | 1.56 | 1.55 | 1.56 | 1.58 | 1.58 | 1.62 | 1.65 | 1.64 | 1.63 |
| Liabilities / Assets | 0.36 | 0.36 | 0.36 | 0.36 | 0.37 | 0.37 | 0.38 | 0.39 | 0.39 | 0.39 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.22 | 0.21 | 0.20 | - | 0.23 | 0.22 | 0.19 | - |
| Inventory turnover | 0.23 | - | 0.35 | 0.34 | 0.32 | - | 0.36 | 0.35 | 0.33 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 1586d | - | 1029d | 1069d | 1140d | - | 1008d | 1037d | 1105d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 57.7x | - | 32.8x | 32.0x | 29.0x | - | 29.6x | 29.8x | 35.5x | - |
| P / B | 0.9x | - | 1.1x | 1.0x | 1.0x | - | 1.3x | 1.1x | 1.2x | - |
| P / S | 4.1x | - | 3.2x | 3.1x | 3.3x | - | 3.5x | 3.0x | 4.0x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -26.8% | - | -1.2% | 2.0% | 11.5% | - | 4.2% | -0.2% | 2.3% | - |
| Revenue CAGR (3y) | -5.8% | - | 4.1% | 5.7% | 3.6% | - | 4.5% | 5.0% | 6.2% | - |
| Revenue CAGR (5y) | -0.4% | - | 4.3% | 5.9% | - | - | 13.9% | 9.5% | 12.9% | - |
| Gross profit growth (YoY) | -37.3% | - | -10.3% | -1.0% | 11.1% | - | 35.6% | -5.5% | 4.3% | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | -53.8% | - | -19.8% | -2.9% | 12.2% | - | 47.1% | -15.0% | -0.4% | - |
| EPS growth (YoY) | -51.2% | - | -15.2% | 3.2% | 18.3% | - | 53.9% | -12.3% | 0.6% | - |
| EPS CAGR (3y) | -16.6% | - | -9.6% | -7.8% | 12.9% | - | 20.9% | 25.1% | 32.6% | - |
| EPS CAGR (5y) | 6.1% | - | 18.2% | 30.9% | - | - | 30.3% | 19.6% | 30.6% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 4.9% | 7.3% | 8.3% | 9.6% | 9.8% | 10.4% | 10.6% | 8.5% | 12.0% | 14.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$8.03B totalWest Homebuilding Segment$3.17B · 39.5%
East Homebuilding Segment$2.84B · 35.4%
Central Segment$1.80B · 22.5%
Mortgage Operations$209.41M · 2.6%
Product / service
$8.14B totalHome Sales$7.76B · 95.2%
Financial Services$209.41M · 2.6%
Amenity$119.69M · 1.5%
Land Sales$36.94M · 0.5%
Other Product And Service$21.91M · 0.3%
Peer comparison
Same SIC group: Operative Builders
Comparing Taylor Morrison Home Corp against the 5 most active filers in the same SIC group.