/HOVFinancial History
Annual Financials
| Fiscal Year | Revenue | Gross Profit | Gross Margin | Net Income | EPS (Diluted) | Total Assets | Total Equity |
|---|---|---|---|---|---|---|---|
| FY2025 | $3.0B | $607M | 20.4% | $64M | $7.43 | $2.6B | $831M |
| FY2024 | $3.0B | $742M | 24.7% | $242M | $31.79 | $2.6B | $800M |
| FY2023 | $2.8B | $703M | 25.5% | $206M | $26.88 | $2.5B | $582M |
| FY2022 | $2.9B | $785M | 26.9% | $225M | $29.00 | $2.6B | $383M |
| FY2021 | $2.8B | $673M | 24.2% | $608M | $85.86 | $2.3B | $175M |
| FY2020 | $2.3B | $495M | 21.1% | $51M | $7.03 | $1.8B | $-437M |
| FY2019 | $2.0B | $412M | 20.4% | $-42M | $-7.06 | $1.9B | $-490M |
| FY2018 | $2.0B | $350M | 18.4% | $5M | $0.72 | $1.7B | $-454M |
| FY2017 | $2.5B | $403M | 17.2% | $-332M | $-56.23 | $1.9B | $-460M |
| FY2016 | $2.8B | $439M | 16.9% | $-3M | $-0.48 | $2.4B | $-129M |
| FY2015 | $2.1B | $367M | 17.6% | $-16M | $-2.74 | $2.6B | $-128M |
| FY2014 | $2.1B | $401M | 19.9% | $307M | $46.75 | $2.3B | $-118M |
Builder Operating KPIsExtracted from earnings releases
| Period | Orders | Closings | Cancel % | Backlog | Backlog $ | ASP | Communities | Lots Owned | Lots Ctrl | Inventory | Specs |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 FY2026 | 1,242 | 1,099 | 14.0% | 1,335 | $964M | $524K | 131 | 5,398 | 38,636 | — | — |
| Q4 FY2025 | 1,209 | 1,526 | 17.0% | 1,242 | $727M | $519K | 140 | 5,496 | 35,885 | — | — |
| Q3 FY2025 | 1,211 | 1,431 | 19.0% | 1,491 | $839M | $537K | 124 | 5,445 | 40,259 | — | — |
| Q2 FY2025 | 1,398 | 1,285 | 15.0% | 1,711 | $988M | $506K | 125 | 6,450 | 42,447 | — | — |
| Q1 FY2025 | 1,205 | 1,254 | 16.0% | 1,598 | $932M | $516K | 125 | 6,744 | 43,258 | — | — |
| Q4 FY2024 | 1,355 | 2,550 | 18.0% | 1,649 | $937M | $538K | 130 | 6,632 | 41,895 | — | — |
| Q3 FY2024 | 1,192 | 1,255 | 17.0% | 2,041 | $1.2B | $548K | 126 | 7,180 | 39,528 | — | — |
| Q2 FY2024 | 1,512 | 1,283 | 14.0% | 2,018 | $1.1B | $535K | 109 | 7,257 | 36,853 | — | — |
| Q1 FY2024 | 1,127 | 1,063 | 14.0% | 1,888 | $1.1B | $540K | 118 | 7,709 | 33,590 | — | — |
| Q4 FY2023 | 938 | 1,517 | 25.0% | 1,824 | $1.1B | $539K | 113 | 7,337 | 31,754 | — | — |
| Q3 FY2023 | 1,444 | 1,198 | 16.0% | 2,403 | $1.3B | $526K | 102 | 7,889 | 29,574 | — | — |
| Q2 FY2023 | 1,477 | 1,225 | 18.0% | 2,318 | $1.3B | $548K | 114 | 8,255 | 28,813 | — | — |
| Q1 FY2023 | 788 | 938 | 15.0% | 2,028 | $1.2B | $533K | 121 | 8,334 | 29,372 | — | — |
| Q4 FY2022 | 602 | 1,599 | 12.0% | 2,186 | $1.3B | $513K | 121 | 9,022 | 31,800 | — | — |
| Q3 FY2022 | 799 | 1,412 | 11.0% | 3,183 | $1.8B | $773K | 108 | 13,371 | 32,297 | — | — |
| Q2 FY2022 | 1,525 | 1,353 | 17.0% | 3,796 | $2.1B | $706K | 97 | 13,591 | 33,945 | — | — |
| Q1 FY2022 | 1,551 | 1,174 | 14.0% | 3,624 | $1.9B | $727K | 105 | 13,314 | 32,750 | — | — |
| Q4 FY2021 | 1,263 | 1,703 | 15.0% | 3,247 | $1.6B | $698K | 140 | 10,451 | 31,243 | — | — |
| Q3 FY2021 | 1,211 | 1,498 | 16.0% | 3,673 | $1.8B | $801K | 104 | 12,914 | 31,385 | — | — |
| Q2 FY2021 | 1,771 | 1,618 | 16.0% | 3,897 | $1.8B | $683K | 97 | 12,107 | 28,427 | — | — |
Source: SEC 8-K earnings releases, extracted via regex with provenance tracking. Showing most recent 20 quarters.
Management Sentiment Analysis
Scored from earnings release language using ML analysis. Range: -1.0 (negative) to +1.0 (positive).
Current Posture
Q1 FY2026
Score: +0.05
Contract volumes showed mixed trends with slight increases in consolidated contracts but overall backlog and contracts including joint ventures declined, indicating cautious buyer activity.
Gross margins declined significantly year-over-year, with homebuilding gross margin percentage dropping from 15.2% to 10.1%, reflecting margin compression and cost pressures.
The release did not explicitly address labor availability or wage dynamics, suggesting a neutral stance on labor conditions.
Land spending decreased and lot supply reduced compared to prior year, but lot options remain high, indicating a cautious but controlled land position.
Management expressed satisfaction with meeting guidance despite challenges and optimism for profit improvement in the second half, reflecting cautious confidence.
Management highlighted ongoing global uncertainties, cautious homebuyers, and potential volatility in mortgage rates and inflation as notable near-term risks.
Recent Trend
Sentiment for Hovnanian Enterprises reflects a trajectory marked by persistent margin compression amid affordability challenges and elevated risks from economic uncertainty and mortgage volatility. Demand sentiment shifted from slight positivity in Q3 FY2025 to cautious negativity in Q4 FY2025 before returning to neutral in Q1 FY2026, indicating fluctuating buyer activity but overall subdued contract trends. Land position remained relatively stable with disciplined acquisitions and a high proportion of optioned lots, while management consistently expressed cautious optimism, maintaining confidence in long-term strategy despite near-term headwinds.
Builder vs. Industry Sentiment
Orange = HOV · Gray = Industry average (Q1 FY2026)