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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $8.12B | $8.17B | $7.42B | $8.22B | $7.50B | $6.13B |
| Cost of Revenue | $6.25B | $6.18B | $5.63B | $6.13B | $5.95B | $5.09B |
| Gross Profit | $1.87B | $1.98B | $1.78B | $2.09B | $1.55B | $1.04B |
| R&D | - | - | - | - | - | - |
| SG&A | $273.51M | $314.41M | $698.71M | $643.21M | $668.34M | $572.38M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $40.18M | $41.19M | $33.41M | $33.84M | $39.98M | $37.34M |
| Operating Income | - | - | - | - | - | $324.12M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $250.78M | $269.55M | $248.10M | $336.43M | $180.74M | $74.59M |
| Net Income | $782.50M | $883.31M | $768.93M | $1.05B | $663.03M | $243.44M |
| EPS - Basic | $7.90 | $8.43 | $7.09 | $9.16 | $5.26 | $1.90 |
| EPS - Diluted | $7.77 | $8.27 | $6.98 | $9.06 | $5.18 | $1.88 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $850.04M | $487.15M | $798.57M | $724.49M | $832.82M | $532.84M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $4.66B | $4.48B | - | - | $48.01M | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $9.84B | $9.30B | $8.67B | $8.47B | $8.73B | $7.74B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $2.29B | $2.12B | $2.02B | $2.48B | $3.30B | $2.93B |
| Total Liabilities | $3.53B | $3.42B | $3.34B | $3.82B | $4.76B | $4.14B |
| Stockholders' Equity | $6.29B | $5.87B | $5.31B | $4.63B | $3.93B | $3.50B |
| Retained Earnings | $5.18B | $4.39B | $3.51B | $2.74B | $1.69B | $1.03B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $817.35M | $210.08M | $806.17M | $1.11B | $376.65M | $1.12B |
| Investing Cash Flow | ($154.77M) | ($136.44M) | ($97.19M) | ($14.88M) | ($74.26M) | ($312.80M) |
| Financing Cash Flow | ($298.51M) | ($393.57M) | ($628.51M) | ($1.20B) | ($155.0K) | ($604.94M) |
| CapEx | $40.37M | $36.33M | $33.43M | $30.58M | $21.20M | $37.76M |
| Free Cash Flow | $776.97M | $173.75M | $772.74M | $1.08B | $355.45M | $1.09B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 23.0% | 24.3% | 24.0% | 25.4% | 20.6% | 17.0% |
| Operating margin | - | - | - | - | - | 5.3% |
| EBITDA margin | - | - | - | - | - | 5.9% |
| Net margin | 9.6% | 10.8% | 10.4% | 12.8% | 8.8% | 4.0% |
| Free cash flow margin | 9.6% | 2.1% | 10.4% | 13.1% | 4.7% | 17.7% |
| FCF / Net income | 0.99 | 0.20 | 1.00 | 1.02 | 0.54 | 4.46 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 3.4% | 3.8% | 9.4% | 7.8% | 8.9% | 9.3% |
| Effective tax rate | 24.3% | 23.4% | 24.4% | 24.2% | 21.4% | 23.5% |
| Return on assets | 8.0% | 9.5% | 8.9% | 12.4% | 7.6% | 3.1% |
| Return on equity | 12.4% | 15.1% | 14.5% | 22.7% | 16.9% | 6.9% |
| Return on invested capital | - | - | - | - | - | 3.9% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.36 | 0.36 | 0.38 | 0.54 | 0.84 | 0.84 |
| Debt / Assets | 0.23 | 0.23 | 0.23 | 0.29 | 0.38 | 0.38 |
| Debt / EBITDA | - | - | - | - | - | 8.10 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.56 | 1.58 | 1.63 | 1.83 | 2.22 | 2.21 |
| Liabilities / Assets | 0.36 | 0.37 | 0.39 | 0.45 | 0.55 | 0.54 |
| Efficiency | ||||||
| Asset turnover | 0.83 | 0.88 | 0.86 | 0.97 | 0.86 | 0.79 |
| Inventory turnover | 1.34 | 1.38 | - | - | 124.00 | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 272d | 265d | - | - | 3d | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 7.6x | 7.4x | 7.6x | 3.3x | 6.7x | 13.6x |
| P / B | 0.9x | 1.1x | 1.1x | 0.8x | 1.1x | 0.9x |
| P / S | 0.7x | 0.8x | 0.8x | 0.4x | 0.6x | 0.5x |
| EV / EBITDA | - | - | - | - | - | 15.8x |
| Growth | ||||||
| Revenue growth (YoY) | -0.6% | 10.1% | -9.8% | 9.6% | 22.4% | 28.7% |
| Revenue CAGR (3y) | -0.4% | 2.9% | 6.6% | 20.0% | 28.3% | - |
| Revenue CAGR (5y) | 5.8% | 11.4% | 15.9% | - | - | - |
| Gross profit growth (YoY) | -5.7% | 11.3% | -14.8% | 35.2% | 48.2% | 26.7% |
| Operating income growth (YoY) | - | - | - | - | - | 0.6% |
| Net income growth (YoY) | -11.4% | 14.9% | -27.0% | 58.8% | 172.4% | -4.4% |
| EPS growth (YoY) | -6.0% | 18.5% | -23.0% | 74.9% | 175.5% | -20.0% |
| EPS CAGR (3y) | -5.0% | 16.9% | 54.8% | 56.8% | 41.5% | 8.5% |
| EPS CAGR (5y) | 32.8% | 28.6% | 30.7% | 43.9% | 25.1% | 0.3% |
| FCF growth (YoY) | 347.2% | -77.5% | -28.3% | 203.1% | -67.3% | 199.0% |
| FCF CAGR (5y) | -6.5% | -13.7% | 46.3% | 23.0% | -0.8% | - |
| Book value growth (YoY) | 7.3% | 10.4% | 14.8% | 17.9% | 12.0% | 38.1% |
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%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Operative Builders
Comparing Taylor Morrison Home Corp against the 5 most active filers in the same SIC group.