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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
$547.46M
P/E (TTM)
10.8
12.7
Dividend Yield
--
52W High
$165.12
52W Low
$81.15
52W Range
30%
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 Q3 Earnings Highlights

Key Highlights

Total Revenue Increased Total revenues reached $2.16B for nine months ended July 31, 2025, marking a 6.7% increase over prior year period.
Homebuilding Gross Margin Homebuilding gross margin percentage fell to 13.5% for nine months, down from 18.9% due to increased incentives usage.
Debt Reduction Achieved Total net debt decreased to $862.0M as of July 31, 2025, supported by $660.0M spent on land development.
Sales Pace Over Price Net contracts increased 1.6% quarterly due to strategy focusing on increasing sales pace via incentives and concessions.

Risk Factors

Margin Compression Pressure Gross margin percentage dropped significantly to 13.5% due to aggressive pricing and increased mortgage interest rate buydowns.
Declining Contract Backlog Contract backlog fell 26.9% to 1,491 homes by July 31, 2025, indicating slower future revenue visibility.
Economic Uncertainty Remains Inflation, high mortgage rates, and recession potential create difficulty predicting business impact for remainder of fiscal 2025.
Inventory Impairment Charges Inventory impairments totaled $20.1M for nine months, reflecting write-downs on land and option costs across segments.

Outlook

Liquidity Position Strong Total liquidity stands at $277.9M, including $146.6M cash, sufficient for next 12 months working capital needs.
Capital Structure Analysis Management actively evaluates capital structure, seeking transactions to simplify structure, reduce leverage, and extend maturities.
Focus on QMI Homes Company continues utilizing increased inventory of Quick Move-In (QMI) homes to offer certainty on mortgage pricing.
Defending Legal Matters Company intends to vigorously defend litigation, including New Jersey environmental contamination claims filed in December 2020.

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$2.92B8.619.8%0.6%
LGIH$1.12B10.75.2%43.4%
PLOW$782.01M18.615.7%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:$628.50M
Reports
All Years

  • 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

  • Form 10-K - FY 2023

    Period End: Oct 31, 2023|Filed: Dec 18, 2023|
    Revenue: $2.76B-5.7%
    |
    EPS: $28.76-5.1%
    Beat