/TPHFinancial History
Annual Financials
| Fiscal Year | Revenue | Gross Profit | Gross Margin | Net Income | EPS (Diluted) | Total Assets | Total Equity |
|---|---|---|---|---|---|---|---|
| FY2025 | $3.4B | $742M | 21.8% | $241M | $2.72 | $5.0B | $3.3B |
| FY2024 | $4.4B | $1.1B | 23.9% | $458M | $4.83 | $4.9B | $3.3B |
| FY2023 | $3.7B | $831M | 22.6% | $349M | $3.45 | $4.9B | $3.0B |
| FY2022 | $4.3B | $1.1B | 26.5% | $582M | $5.54 | $4.7B | $2.8B |
| FY2021 | $4.0B | $999M | 25.1% | $469M | $4.12 | $4.3B | $2.4B |
| FY2020 | $3.3B | $731M | 22.5% | $282M | $2.17 | $4.0B | $2.2B |
| FY2019 | $3.1B | $616M | 20.0% | $207M | $1.47 | $3.9B | $2.2B |
| FY2018 | $3.2B | $707M | 21.8% | $270M | $1.81 | $3.9B | $2.1B |
| FY2017 | $2.8B | $559M | 20.5% | $187M | $1.21 | $3.8B | $1.9B |
| FY2016 | $2.4B | $493M | 21.2% | $195M | $1.21 | $3.6B | $1.8B |
| FY2015 | $2.4B | $482M | 21.1% | $205M | $1.27 | $3.1B | $1.7B |
| FY2014 | $1.7B | $328M | 19.9% | $84M | $0.58 | $2.9B | $1.5B |
Builder Operating KPIsExtracted from earnings releases
| Period | Orders | Closings | Cancel % | Backlog | Backlog $ | ASP | Communities | Lots Owned | Lots Ctrl | Inventory | Specs |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q4 FY2025 | 928 | 1,364 | 11.0% | 862 | $1.2B | $693K | 155 | 24,789 | 32,219 | — | — |
| Q3 FY2025 | 995 | 1,217 | 12.0% | 1,298 | $1.0B | $672K | 152 | — | 32,738 | — | — |
| Q2 FY2025 | 1,131 | 1,326 | 13.0% | 1,520 | $1.2B | $664K | 150 | — | 34,025 | — | — |
| Q1 FY2025 | 1,238 | 1,040 | 10.0% | 1,715 | $1.3B | $693K | 146 | — | 35,201 | — | — |
| Q4 FY2024 | 940 | 1,748 | 14.0% | 1,517 | $1.2B | $699K | 147 | 36,490 | 36,490 | — | — |
| Q3 FY2024 | 1,252 | 1,619 | 10.0% | 2,325 | $1.7B | $688K | 150 | — | 33,488 | — | — |
| Q2 FY2024 | 1,651 | 1,700 | 9.0% | 2,692 | $2.0B | $666K | 153 | — | 34,037 | — | — |
| Q1 FY2024 | 1,814 | 1,393 | 7.0% | 2,741 | $1.6B | $659K | 154 | — | 34,153 | — | — |
| Q4 FY2023 | 1,078 | 1,813 | 12.0% | 2,320 | $1.6B | $685K | 155 | 163,634 | 31,960 | — | — |
| Q3 FY2023 | 1,513 | 1,223 | 10.0% | 3,055 | $1.1B | $675K | 155 | — | 32,964 | — | — |
| Q2 FY2023 | 1,912 | 1,173 | 8.0% | 2,765 | $1.9B | $698K | 140 | — | 32,834 | — | — |
| Q1 FY2023 | 1,619 | 1,065 | 10.0% | 2,026 | $1.5B | $722K | 136 | — | 32,055 | — | — |
| Q4 FY2022 | 444 | 2,016 | 42.0% | 1,472 | $1.5B | $746K | 137 | 119,106 | 33,794 | — | — |
| Q3 FY2022 | 681 | 1,463 | 27.0% | 3,044 | $2.4B | $723K | 128 | — | 37,269 | — | — |
| Q2 FY2022 | 1,356 | 1,485 | 16.0% | 3,826 | $1.0B | $677K | 122 | — | 39,082 | — | — |
| Q1 FY2022 | 1,896 | 1,099 | 8.0% | 3,955 | $2.9B | $660K | 112 | — | 41,828 | — | — |
| Q4 FY2021 | 1,424 | 1,885 | 9.0% | 3,158 | $2.2B | $637K | 160 | 144,601 | 41,675 | — | — |
| Q3 FY2021 | 1,349 | 1,632 | 9.0% | 3,619 | $1.0B | $630K | 115 | — | 38,777 | — | — |
| Q2 FY2021 | 1,622 | 1,545 | 7.0% | 3,902 | $1.0B | $653K | 130 | — | 37,112 | — | — |
| Q1 FY2021 | 1,987 | 1,126 | 6.0% | 3,825 | $2.5B | $636K | 130 | — | 36,843 | — | — |
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
Q4 FY2025
Score: -0.25
Net new home orders declined 24% year-over-year with cancellations slightly higher, and backlog units fell 43%, indicating weakening demand.
Homebuilding gross margin declined 2.3 percentage points year-over-year with increased SG&A as a percentage of sales, reflecting margin pressure.
No explicit commentary on labor availability or wage trends, suggesting a neutral stance on labor conditions.
Lots owned or controlled decreased by 4,271 and homes under construction declined, indicating some contraction in land and community pipeline.
Management disclosed a pending acquisition and cautious forward-looking statements without raising guidance, reflecting subdued confidence.
Significant risks highlighted including economic uncertainty, mortgage rate volatility, regulatory and merger-related risks, and market headwinds.
Recent Trend
Sentiment for Tri Pointe Homes has remained cautious throughout FY2025, with demand consistently weakening as evidenced by declining orders, deliveries, and rising cancellations. Margins have steadily compressed due to higher costs and inventory charges, while labor conditions have held steady with no notable pressures. Although land position improved mid-year with a strong pipeline, it contracted in Q4 alongside a dip in management confidence, reflecting heightened near-term risks from economic and regulatory uncertainties.
Builder vs. Industry Sentiment
Orange = TPH · Gray = Industry average (Q1 FY2026)