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Hovnanian Enterprises, Inc.

Hovnanian Enterprises, Inc.

NYSE•HOV
CEO: Mr. Ara K. Hovnanian
Sector: Consumer Cyclical
Industry: Residential Construction
Listing Date: 1983-09-07
Hovnanian Enterprises, Inc., through its subsidiaries, designs, constructs, markets, and sells residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas. The company markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters. It also provides mortgage loans, title insurance, and homeowner's insurance services. The company was founded in 1959 and is headquartered in Matawan, New Jersey.
Contact Information
90 Matawan Road, Fifth Floor, Matawan, NJ, 07747, United States
732-747-7800
www.khov.com
Market Cap
$513.49M
P/E (TTM)
10.1
12.8
Dividend Yield
--
52W High
$162.06
52W Low
$81.15
52W Range
23%
Rank53Top 63.7%
3.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q4 2025 Data

Revenue

$817.90M-16.51%
4-Quarter Trend

EPS

-$0.51-103.69%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Increased Home Deliveries Volume Homes delivered rose 2.8% to 5,496 units in FY2025, driven by 7.7% community count growth across segments.
Capital Structure Simplification Executed major debt exchange in September 2025, issuing $900.0M notes to redeem prior secured debt obligations.
Active Community Expansion Active selling communities increased to 140 at October 31, 2025, up from 130 at the end of the prior year.

Risk Factors

Severe Margin Compression Homebuilding gross margin dropped sharply to 12.7% due to increased use of incentives and mortgage rate buydowns.
Declining Contract Backlog Contract backlog dollars decreased 22.4% to $726.5M USD year-over-year, indicating softer future revenue visibility.
Industry Cyclical Headwinds Industry cyclicality risks persist from high interest rates, inflation, and affordability issues impacting overall demand.

Outlook

Prioritizing Quick Move-In Homes Strategy shifted focus to QMI homes to provide buyer certainty and increase inventory turnover velocity.
Disciplined Land Option Strategy Walked away from 14,902 option lots in FY2025, resulting in $18.2M pre-tax charges recorded for write-offs.
Strong Liquidity Position Total liquidity of $404.1M USD exceeds target range, supporting working capital requirements through fiscal 2026.

Peer Comparison

Revenue (TTM)

American Axle & Manufacturing Holdings, Inc.AXL
$5.83B
-6.0%
Bloomin' Brands, Inc.BLMN
$3.95B
-13.1%
Hovnanian Enterprises, Inc.HOV
$2.98B
-0.9%

Gross Margin (Latest Quarter)

Carriage Services, Inc.CSV
365.9%
+330.7pp
Hovnanian Enterprises, Inc.HOV
96.6%
+75.7pp
Cars.com Inc.CARS
83.4%
+1.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GRBK$2.78B8.219.8%0.6%
LGIH$997.52M9.55.2%43.4%
PLOW$768.18M18.315.7%42.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.7%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 23, 2026
|
EPS:-$0.98
|
Revenue:-
Reports
All Years

  • Form 10-K - FY 2025

    Period End: Oct 31, 2025|Filed: Dec 22, 2025|
    Revenue: $2.98B-0.9%
    |
    EPS: $7.95-76.9%
    Beat

  • Form 10-Q - Q3 2025

    Period End: Jul 31, 2025|Filed: Aug 29, 2025|
    Revenue: $800.58M+10.8%
    |
    EPS: $2.14-79.8%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Apr 30, 2025|Filed: May 30, 2025|
    Revenue: $686.47M-3.1%
    |
    EPS: $2.64-64.6%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Jan 31, 2025|Filed: Feb 28, 2025|
    Revenue: $673.62M+13.5%
    |
    EPS: $3.88+24.8%
    Meet

  • Form 10-K - FY 2024

    Period End: Oct 31, 2024|Filed: Dec 18, 2024|
    Revenue: $3.00B+9.0%
    |
    EPS: $34.40+19.6%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Jul 31, 2024|Filed: Aug 30, 2024|
    Revenue: $722.70M+11.2%
    |
    EPS: $10.61+34.0%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Apr 30, 2024|Filed: May 31, 2024|
    Revenue: $708.38M+0.7%
    |
    EPS: $7.46+59.4%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Jan 31, 2024|Filed: Mar 1, 2024|
    Revenue: $593.39M+15.1%
    |
    EPS: $3.11+31.2%
    Miss