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

$550.12M

P/E (TTM)

12.3

Dividend Yield

52W High

$162.06

52W Low

$81.15

52W Range

32%

Rank50Top 68.9%

3.1

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.1 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$631.95M+0.00%

4-Quarter Trend

EPS

$2.80+0.00%

4-Quarter Trend

FCF

$132.12M+0.00%

4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Land Sales Revenue Jumps Land sales revenue reached $34.7M, a substantial increase from $6.8M reported last year period.

Net Contracts Show Growth Domestic net contracts increased 3.1% for the quarter, driven by aggressive QMI home sales strategy.

KSA Consolidation Yields Gain Recognized $26.8M gain from consolidating the remaining interest in the KSA joint venture effective January 1.

Strong Liquidity Position Maintained Total liquidity reached $471.4M, supported by $339.9M in homebuilding cash and cash equivalents.

Risk Factors

Gross Margin Significantly Compressed Homebuilding gross margin fell to 10.1% from 15.2% due to increased use of mortgage rate buydowns.

Contract Backlog Value Drops Domestic contract backlog dollars decreased 16.0% to $782.7M compared to the prior year period end.

High Mortgage Rates Persist Affordability remains challenging for homebuyers due to persistently high mortgage rates impacting market sentiment.

Inventory Write-Offs Incurred Inventory impairments and land option write-offs totaled $2.4M expense for the three months ended January 31.

Outlook

Prioritizing Sales Pace Over Margin Management remains focused on driving sales pace through incentives rather than achieving higher gross margin percentages.

Capital Deployment Strategy Spent $180.7M on domestic land purchases and development while repurchasing $9.0M of common stock.

New Long-Term Incentive Plan Board approved 2026 LTIP with performance-based vesting conditions for awards vesting through October 2028.

Debt Structure Evaluation Ongoing Company continues to analyze capital structure to reduce leverage and extend debt maturities opportunistically.

Peer Comparison

Revenue (TTM)

AXL

$5.84B

-4.7%

BLMN

$3.96B

+3.4%

HOV

$2.94B

-4.8%

Gross Margin (Latest Quarter)

CARS

98.0%

-14.2pp

HOV

97.0%

+76.5pp

YSG

78.4%

+2.3pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
GRBK	$2.83B	9.0	17.7%	13.2%
AXL	$1.02B	-31.2	-3.0%	2.0%
LGIH	$954.24M	13.1	3.5%	42.2%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-2.7%

Flat Growth

4Q Net Income CAGR

1.9%

Profitability Slowly Improving

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 18, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data