Beazer Homes USA, Inc. (BZH) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	-$0.36	-$0.12	+66.7%	—	$516.3M	—
Q2 26	-$0.74	-$0.03	+95.9%	—	$409.8M	—
Q3 25	$0.42	$0.3	-28.6%	—	$545.4M	—
Q2 25	$0.27	$0.44	+63.0%	—	$565.3M	—
Q1 25	$0.31	$0.1	-67.7%	—	$469M	—
Q4 24	$1.35	$1.74	+28.9%	—	$806.2M	—
Q3 24	$0.84	$0.89	+6.0%	—	$595.7M	—
Q2 24	$0.91	$1.03	+13.2%	—	$541.5M	—
Q1 24	$0.71	$0.7	-1.4%	—	$386.8M	—
Q4 23	$1.39	$1.8	+29.5%	—	$645.4M	—
Q3 23	$0.88	$1.42	+61.4%	—	$572.5M	—
Q2 23	$0.82	$1.13	+37.8%	—	$543.9M	—
Q1 23	$0.74	$0.83	+12.2%	—	$444.9M	—
Q4 22	$2.06	$2.82	+36.9%	—	$827.7M	—
Q3 22	$1.42	$1.76	+23.9%	—	$526.7M	—
Q2 22	$1.04	$1.45	+39.4%	—	$508.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.53	—	—	$2.4B	—
FY24	—	$4.59	—	—	$2.3B	—
FY23	—	$5.23	—	—	$2.2B	—
FY22	—	$7.25	—	—	$2.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.8B	$1.9B	$2.1B	$2.1B	$2.1B	$2.1B	$2.3B	$2.2B	$2.3B	$2.4B
YoY change	+12%	+5.17%	+9.96%	-0.92%	+1.88%	+0.62%	+8.26%	-4.76%	+5.59%	+1.77%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.8B	1.9B	2.1B	2.1B	2.1B	2.1B	2.3B	2.2B	2.3B	2.4B
Cost of revenue	1.5B	1.6B	1.8B	1.9B	1.8B	1.7B	1.8B	1.8B	1.9B	2B
Gross profit	297.2M	312.9M	345M	166M	347.6M	404.3M	537.5M	442.7M	424.3M	337.5M
Gross margin	16.3%	16.3%	16.4%	7.95%	16.3%	18.9%	23.2%	20.1%	18.2%	14.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	153.6M	161.9M	168.7M	161.4M	170.4M	163.3M	177.3M	179.8M	186.3M	204.8M
Operating expenses	224.1M	236.7M	249.7M	241.2M	252.9M	243.4M	251.7M	253.2M	266.4M	281.7M
Operating income	59.3M	62.1M	81.5M	-89.9M	79.1M	146.9M	272.5M	177.3M	143M	36.6M
Operating margin	3.26%	3.24%	3.87%	-4.31%	3.72%	6.86%	11.8%	8.03%	6.14%	1.54%
Non-operating income, net	-37.6M	-27.5M	-32.1M	-26.7M	-7.8M	-3.1M	1.5M	5.4M	16.1M	4.2M
Pretax income	21.7M	34.6M	49.4M	-116.6M	71.3M	143.7M	274M	182.6M	159.1M	40.9M
Income tax	16.5M	2.7M	94.5M	-37.2M	18M	21.5M	53.3M	24M	18.9M	-4.7M
Net income	4.7M	31.8M	-45.4M	-79.5M	52.2M	122M	220.7M	158.6M	140.2M	45.6M
Net margin	0.26%	1.66%	-2.15%	-3.81%	2.46%	5.7%	9.53%	7.19%	6.02%	1.92%
EBITDA	86.5M	88.8M	123.2M	-50.2M	94.7M	162.9M	285.5M	190M	158.3M	55.8M
EPS	0.15	1	-1.41	-2.6	1.76	4.07	7.25	5.23	4.59	1.53
Diluted EPS	0.15	0.99	-1.41	-2.6	1.74	4.01	7.17	5.16	4.53	1.52

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	645.4M	386.8M	541.5M	595.7M	806.2M	469M	565.3M	545.4M	791.9M	363.5M	409.8M	516.3M
Cost of revenue	508.1M	309.1M	439.7M	492.4M	664.8M	396.9M	479.3M	472.8M	685M	326.3M	361.1M	450.2M
Gross profit	137.3M	77.7M	101.9M	103.3M	141.4M	72.1M	86M	72.6M	106.9M	37.2M	48.7M	66.1M
Gross margin	21.3%	20.1%	18.8%	17.3%	17.5%	15.4%	15.2%	13.3%	13.5%	10.2%	11.9%	12.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	49.9M	42M	44M	49.7M	50.7M	49.8M	49.2M	53.1M	52.8M	53M	50.2M	55.4M
Operating expenses	71.5M	55.2M	62.3M	70.9M	78M	65.9M	68M	71.7M	76.2M	65M	63.6M	72.5M
Operating income	62.1M	20.3M	36M	28.5M	58.2M	2.1M	13.4M	-3.7M	24.8M	-31.8M	-19M	-11.4M
Operating margin	9.62%	5.24%	6.65%	4.79%	7.23%	0.46%	2.36%	-0.68%	3.13%	-8.76%	-4.63%	-2.2%
Non-operating income, net	2.2M	2.6M	9.9M	1.1M	2.4M	1M	799K	1.2M	1.2M	778K	433K	864K
Pretax income	64.2M	22.9M	45.9M	29.7M	60.6M	3.2M	14.2M	-2.5M	26M	-31.1M	-18.5M	-10.5M
Income tax	8.5M	1.2M	6.7M	2.5M	8.5M	36K	1.4M	-2.2M	-4M	1.5M	-17.6M	-6.3M
Net income	55.8M	21.7M	39.2M	27.2M	52.1M	3.1M	12.8M	-324K	30M	-32.6M	-904K	-4.2M
Net margin	8.64%	5.62%	7.23%	4.57%	6.46%	0.67%	2.26%	-0.06%	3.79%	-8.97%	-0.22%	-0.82%
EBITDA	65.8M	22.5M	40M	32.4M	63.4M	6.2M	18M	861K	30.7M	-27.8M	-14.9M	-5.8M
EPS	1.83	0.71	1.27	0.89	—	0.1	0.42	-0.01	1.03	-1.13	-0.03	-0.16
Diluted EPS	1.8	0.7	1.26	0.88	—	0.1	0.42	-0.01	1.02	-1.13	-0.03	-0.16

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	598.8M	337.5M	456.2M	392.1M	516.7M	294.3M	756.1M	1B	730.6M	890M
Enterprise value	—	1.6B	1.4B	1.5B	1.2B	1.3B	1.1B	1.4B	1.9B	1.6B	2.2B
Shares outstanding	31.8M	32M	32.1M	30.6M	29.7M	30M	30.4M	30.4M	30.5M	29.8M	29.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	18.8	—	—	7.51	4.23	1.33	4.77	7.45	16	73
P/S	—	0.31	0.16	0.22	0.18	0.24	0.13	0.34	0.45	0.31	0.43
P/B	—	0.88	0.52	0.85	0.66	0.71	0.31	0.69	0.85	0.58	0.77
EV/EBITDA	—	18.4	11.6	-30.4	12.8	8.22	3.76	7.41	11.9	28.2	-210.3
EV/Sales	—	0.85	0.68	0.73	0.57	0.63	0.46	0.64	0.81	0.66	1.04
Earnings yield	—	5.31%	—	—	13.3%	23.6%	75%	21%	13.4%	6.24%	1.37%
FCF yield	—	15.4%	11.2%	20.2%	71%	3.29%	22.4%	20.9%	-15.3%	0.48%	-15.2%
PEG	—	—	—	—	—	—	—	—	—	—	0.05

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	16.3%	16.3%	16.4%	7.95%	16.3%	18.9%	23.2%	20.1%	18.2%	14.2%	12.8%
Operating margin	3.26%	3.24%	3.87%	-4.31%	3.72%	6.86%	11.8%	8.03%	6.14%	1.54%	-1.75%
Net margin	0.26%	1.66%	-2.15%	-3.81%	2.46%	5.7%	9.53%	7.19%	6.02%	1.92%	-0.37%
ROE	0.73%	4.66%	-7.05%	-14.8%	8.8%	16.8%	23.5%	14.4%	11.4%	3.65%	-0.65%
ROA	0.21%	1.43%	-2.13%	-4.06%	2.6%	5.87%	9.8%	6.58%	5.41%	1.75%	-0.65%
ROIC	0.81%	3.34%	0%	-5.58%	4.19%	8.07%	12.8%	8.78%	6.08%	1.75%	-1.52%
Return on tangible assets	0.21%	1.43%	-2.15%	-4.11%	2.63%	5.93%	9.9%	6.64%	5.46%	1.76%	-0.27%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	8.91	10.1	8.62	9.59	8.9	8.79	9.66	9.61	10.2	11.4	11.5
Quick ratio	1.42	1.84	0.82	0.89	1.92	1.5	1.41	1.9	1.33	1.45	0.96
Debt / equity	2.07	1.95	1.91	2.19	1.93	1.47	1.06	0.9	0.85	0.85	1.25
Debt / assets	0.6	0.6	0.58	0.6	0.57	0.51	0.44	0.41	0.4	0.4	0.49
Net debt / EBITDA	12.7	11.7	8.86	-21.3	8.64	5.04	2.73	3.43	5.31	15.1	-73.8
Effective tax rate	76%	7.78%	100%	0%	25.2%	15%	19.4%	13.1%	11.9%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	57.3	60	65.6	68.2	71.6	71.5	76.1	72.7	76.3	79.7	74
EPS (basic)	0.15	1	-1.41	-2.6	1.76	4.07	7.25	5.23	4.59	1.53	1.53
EPS (diluted)	0.15	0.99	-1.41	-2.6	1.74	4.01	7.17	5.16	4.53	1.52	-0.36
Book value per share	20.2	21.4	20	17.6	20	24.2	30.9	36.3	40.3	42	43.4
FCF per share	4.74	2.89	1.18	3.01	9.37	0.57	2.17	5.2	-5.23	0.12	-5.78
Cash per share	7.2	9.14	4.35	3.49	11	8.24	7.05	11.4	6.67	7.22	4.83
Capex per share	0.08	0.01	0.01	0.01	0.02	0.02	0.01	0.01	0.01	0.96	1.05

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.14%	0.02%	0.02%	0.01%	0.02%	0.02%	0.01%	0.02%	0.02%	1.2%	1.34%
Capex / operating cash flow	1.82%	0.34%	1.96%	-0.42%	0.17%	1.56%	0.43%	0.25%	-0.33%	89.1%	-22.2%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	5.99%

Yield

5.99%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.50

ex-dividend Sep 6, 2007

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 6, 2007	$0.50
Jun 7, 2007	$0.50
Mar 7, 2007	$0.50
Dec 7, 2006	$0.50
Sep 7, 2006	$0.50
Jun 8, 2006	$0.50
Mar 8, 2006	$2.50
Dec 7, 2005	$0.50

Split history

Date	Ratio
Oct 12, 2012

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$645.4M	$386.8M	$541.5M	$595.7M	$806.2M	$469M	$565.3M	$545.4M	$791.9M	$363.5M	$409.8M	$516.3M
YoY change	-22%	-13.1%	-0.44%	+4.04%	+24.9%	+21.2%	+4.39%	-8.45%	-1.77%	-22.5%	-27.5%	-5.33%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	228.9M	292.1M	139.8M	106.7M	327.7M	246.7M	214.6M	345.6M	203.9M	214.7M
Receivables	53.2M	36.3M	24.6M	26.4M	19.8M	25.7M	35.9M	45.6M	65.4M	78.1M
Inventory	1.6B	1.5B	1.7B	1.5B	1.4B	1.5B	1.7B	1.8B	2B	2B
Total current assets	1.9B	1.9B	1.9B	1.7B	1.7B	1.8B	2B	2.2B	2.3B	2.3B
Property, plant & equipment	19.1M	17.6M	20.8M	25.8M	33.7M	33.6M	32.7M	47.2M	55.6M	81.5M
Goodwill & intangibles	—	0	19.5M	22.8M	22.8M	22.8M	22.8M	22.8M	22.8M	22.8M
Total assets	2.2B	2.2B	2.1B	2B	2B	2.1B	2.3B	2.4B	2.6B	2.6B
Accounts payable	104.2M	103.5M	126.4M	131.2M	132.2M	133.4M	143.6M	154.3M	164.4M	143.5M
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	209.3M	185.8M	216.9M	172.9M	193.6M	206M	210.8M	227.7M	230.8M	204.5M
Long-term debt	1.3B	1.3B	1.2B	1.2B	1.1B	1.1B	994.6M	997M	1B	1.1B
Total liabilities	1.6B	1.5B	1.5B	1.4B	1.4B	1.4B	1.3B	1.3B	1.4B	1.4B
Shareholders' equity	642.9M	682.4M	644M	538.8M	593.2M	724.9M	939.3M	1.1B	1.2B	1.2B
Total debt	1.3B	1.3B	1.2B	1.2B	1.1B	1.1B	994.6M	997M	1B	1.1B
Net debt	1.1B	1B	1.1B	1.1B	818.4M	821.5M	780.1M	651.4M	841.2M	842.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	345.6M	104.2M	132.9M	73.2M	203.9M	80.4M	85.1M	82.9M	214.7M	120.8M	116.4M	124.6M
Receivables	45.6M	65.3M	54.2M	64.6M	65.4M	70.7M	67.9M	76.1M	78.1M	92.8M	85.5M	96.6M
Inventory	1.8B	2B	2.1B	2.2B	2B	2.2B	2.2B	2.3B	2B	2.1B	2.3B	2.4B
Total current assets	2.2B	2.2B	2.3B	2.3B	2.3B	2.4B	2.4B	2.5B	2.3B	2.4B	2.5B	2.6B
Property, plant & equipment	47.2M	51.1M	52.7M	57.3M	55.6M	57.9M	60.3M	63.7M	81.5M	82.6M	83.1M	84.8M
Goodwill & intangibles	22.8M	22.8M	22.8M	22.8M	22.8M	22.8M	22.8M	22.8M	22.8M	22.8M	22.8M	22.8M
Total assets	2.4B	2.4B	2.5B	2.6B	2.6B	2.6B	2.7B	2.7B	2.6B	2.6B	2.8B	2.9B
Accounts payable	154.3M	154.6M	168.7M	188.9M	164.4M	151.7M	184.4M	184.5M	143.5M	120.1M	157M	177.3M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	227.7M	220.7M	242.6M	253.8M	230.8M	214.5M	250.9M	242.6M	204.5M	190.3M	240.2M	235.9M
Long-term debt	997M	992.9M	1B	1.1B	1B	1.1B	1.1B	1.2B	1.1B	1.2B	1.3B	1.4B
Total liabilities	1.3B	1.3B	1.4B	1.4B	1.4B	1.4B	1.4B	1.5B	1.4B	1.4B	1.6B	1.8B
Shareholders' equity	1.1B	1.1B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.1B
Total debt	997M	992.9M	1B	1.1B	1B	1.1B	1.1B	1.2B	1.1B	1.2B	1.3B	1.4B
Net debt	651.4M	888.7M	908M	1B	841.2M	1B	1B	1.1B	842.2M	1B	1.1B	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	4.7M	31.8M	-45.4M	-79.5M	52.2M	122M	220.7M	158.6M	140.2M	45.6M
Depreciation & amortization	13.8M	14M	13.8M	14.8M	15.6M	14M	13.4M	12.2M	14.9M	19.2M
Stock-based compensation	8M	8.2M	10.3M	10.5M	10M	12.2M	8.5M	7.3M	7.4M	7.3M
Change in working capital	101.6M	32.8M	-53.8M	32.2M	191M	-140.4M	-217.1M	-26.3M	-312.3M	-39.2M
Operating cash flow	143.9M	87.5M	18.8M	-59.3M	286.5M	29.2M	78.8M	175.8M	-131M	32M
Capital expenditure	2.6M	297K	370K	251K	478K	456K	339K	445K	428K	-28.5M
Investing cash flow	-475K	-1.3M	-57.1M	-3.8M	478K	456K	339K	-9.3M	-7.7M	-20M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	0	0	-34.6M	-3.3M	0	-8.2M	0	-12.9M	-33.1M
Financing cash flow	-287.5M	-54.8M	-357.1M	-544.3M	-447.4M	-86.4M	-283.7M	-14.2M	-256.1M	-486.5M
Net change in cash	-144.1M	31.4M	-395.4M	-607.3M	-160.4M	-56.7M	-204.6M	152.2M	-394.8M	-474.5M
Free cash flow	150.8M	92.4M	37.8M	92.3M	278.5M	17M	66M	157.7M	-159.9M	3.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	55.8M	—	—	—	—	—	—	—	30M	-32.6M	-904K	-4.2M
Depreciation & amortization	3.8M	—	—	—	—	—	—	—	5.9M	4M	4.1M	4.9M
Stock-based compensation	2M	—	—	—	—	—	—	—	1.9M	1.6M	1.9M	1.7M
Change in working capital	12.2M	—	—	—	—	—	—	—	223.2M	-142.2M	-52.2M	-146M
Operating cash flow	82.3M	—	—	—	—	—	—	—	250.2M	-165.3M	-63.5M	-146.9M
Capital expenditure	302K	—	—	—	—	—	—	—	-7.5M	-5.6M	-7.8M	-7M
Investing cash flow	-1.6M	—	—	—	—	—	—	—	-7.1M	-6.3M	-8.1M	-7.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	—	—	—	—	—	—	—	0	-15.1M	-30.4M	-20.6M
Financing cash flow	-4M	—	—	—	—	—	—	—	-565M	77.4M	-47.4M	161.8M
Net change in cash	76.6M	—	—	—	—	—	—	—	-322M	-94.2M	-119M	7.6M
Free cash flow	76M	—	—	—	—	—	—	—	242.7M	-170.9M	-71.3M	-153.9M

Beazer Homes USA, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement