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Beazer Homes Usa Inc Financials

BZH
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE September

This page shows Beazer Homes Usa Inc (BZH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BZH FY2025

Stable sales are being translated into much thinner margins and far weaker cash conversion, despite gradually lower leverage.

From FY2023 to FY2025, revenue moved from $2.21B to $2.37B, so the sales base stayed broadly intact. But operating margin fell from 8.0% to 1.5%, which means the business is now carrying roughly the same volume through a much less forgiving cost structure.

Cash conversion became much less reliable: FY2024 still showed $140M of net income, yet operating cash flow was -$138M, a sign that reported profit did not turn into spendable cash that year. FY2025 returned to positive cash generation, but free cash flow of only $3.5M shows reinvestment still consumed nearly all operating inflow after capital spending.

Leverage has eased even while returns have thinned: debt-to-equity improved from 1.4x to 1.1x, indicating a less debt-dependent capital structure than earlier in the cycle. Yet return on equity dropped from 23.5% to 3.7%, so shareholders now have a sturdier balance sheet but a far less productive one.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 28 / 100
Financial Health Score 28/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Beazer Homes Usa Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
52

Beazer Homes Usa Inc has an operating margin of 1.5%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is down from 6.1% the prior year.

Growth
45

Beazer Homes Usa Inc's revenue grew a modest 1.8% year-over-year to $2.4B. This slow but positive growth earns a score of 45/100.

Leverage
45

Beazer Homes Usa Inc has a moderate D/E ratio of 1.09. This balance of debt and equity financing earns a leverage score of 45/100.

Cash Flow
27

While Beazer Homes Usa Inc generated $32.0M in operating cash flow, capex of $28.5M consumed most of it, leaving $3.5M in free cash flow. This results in a low score of 27/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Partial
4/7

Beazer Homes Usa Inc passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
0.70x

For every $1 of reported earnings, Beazer Homes Usa Inc generates $0.70 in operating cash flow ($32.0M OCF vs $45.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.4B
YoY+1.8%
5Y CAGR+2.2%

Beazer Homes Usa Inc generated $2.4B in revenue in fiscal year 2025. This represents an increase of 1.8% from the prior year.

EBITDA
$55.8M
YoY-64.7%
5Y CAGR-10.1%
10Y CAGR-1.5%

Beazer Homes Usa Inc's EBITDA was $55.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 64.7% from the prior year.

Net Income
$45.6M
YoY-67.5%
5Y CAGR-2.7%
10Y CAGR-18.3%

Beazer Homes Usa Inc reported $45.6M in net income in fiscal year 2025. This represents a decrease of 67.5% from the prior year.

EPS (Diluted)
$1.52
YoY-66.4%
5Y CAGR-2.7%
10Y CAGR-17.8%

Beazer Homes Usa Inc earned $1.52 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 66.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$3.5M
YoY+102.2%
5Y CAGR-58.4%

Beazer Homes Usa Inc generated $3.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 102.2% from the prior year.

Cash & Debt
$218.6M
YoY-9.9%
5Y CAGR-8.6%
10Y CAGR-2.8%

Beazer Homes Usa Inc held $218.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
30M
YoY-4.2%
5Y CAGR-0.8%
10Y CAGR-0.9%

Beazer Homes Usa Inc had 30M shares outstanding in fiscal year 2025. This represents a decrease of 4.2% from the prior year.

Margins & Returns

Gross Margin
14.2%
YoY-4.0pp
5Y CAGR-2.1pp

Beazer Homes Usa Inc's gross margin was 14.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.0 percentage points from the prior year.

Operating Margin
1.5%
YoY-4.6pp
5Y CAGR-2.2pp

Beazer Homes Usa Inc's operating margin was 1.5% in fiscal year 2025, reflecting core business profitability. This is down 4.6 percentage points from the prior year.

Net Margin
1.9%
YoY-4.1pp
5Y CAGR-0.5pp

Beazer Homes Usa Inc's net profit margin was 1.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.1 percentage points from the prior year.

Return on Equity
3.6%
YoY-7.7pp
5Y CAGR-5.1pp
10Y CAGR-50.9pp

Beazer Homes Usa Inc's ROE was 3.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$33.1M
YoY+155.9%
5Y CAGR+58.3%

Beazer Homes Usa Inc spent $33.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 155.9% from the prior year.

Capital Expenditures
$28.5M
YoY+27.5%
5Y CAGR+21.8%
10Y CAGR+6.0%

Beazer Homes Usa Inc invested $28.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 27.5% from the prior year.

BZH Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $409.8M+12.8% $363.5M-54.1% $791.9M+45.2% $545.4M-3.5% $565.3M+20.6% $469.0M-41.8% $806.2M+35.3% $595.7M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit $48.7M+30.9% $37.2M-65.2% $106.9M+47.2% $72.6M-15.6% $86.0M+19.3% $72.1M-49.0% $141.4M+36.9% $103.3M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $50.2M-5.3% $53.0M+0.4% $52.8M-0.7% $53.1M+7.9% $49.2M-1.2% $49.8M-1.8% $50.7M+2.1% $49.7M
Operating Income -$19.0M+40.4% -$31.8M-228.4% $24.8M+768.7% -$3.7M-127.8% $13.4M+525.3% $2.1M-96.3% $58.2M+104.2% $28.5M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax -$17.6M-1250.8% $1.5M+138.5% -$4.0M-82.5% -$2.2M-257.0% $1.4M+3761.1% $36K-99.6% $8.5M+248.2% $2.5M
Net Income -$904K+97.2% -$32.6M-208.6% $30.0M+9360.5% -$324K-102.5% $12.8M+308.2% $3.1M-94.0% $52.1M+91.3% $27.2M
EPS (Diluted) $-0.03+97.3% $-1.13 N/A $-0.01-102.4% $0.42+320.0% $0.10 N/A $0.88

BZH Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $2.8B+4.5% $2.6B+1.1% $2.6B-3.8% $2.7B+2.2% $2.7B+2.1% $2.6B+0.3% $2.6B-0.1% $2.6B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $120.4M-3.2% $124.3M-43.1% $218.6M+141.7% $90.4M-16.6% $108.5M-9.2% $119.5M-50.8% $242.6M+123.7% $108.4M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $85.5M-7.8% $92.8M+18.7% $78.1M+2.7% $76.1M+12.2% $67.9M-4.0% $70.7M+8.1% $65.4M+1.3% $64.6M
Goodwill $11.4M0.0% $11.4M0.0% $11.4M0.0% $11.4M0.0% $11.4M0.0% $11.4M0.0% $11.4M0.0% $11.4M
Total Liabilities $1.6B+10.2% $1.4B+5.8% $1.4B-9.0% $1.5B+4.8% $1.4B+4.4% $1.4B+0.5% $1.4B-4.0% $1.4B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $1.2B-2.5% $1.2B-3.9% $1.2B+2.6% $1.2B-0.9% $1.2B-0.5% $1.2B+0.2% $1.2B+4.6% $1.2B
Retained Earnings $390.3M-0.2% $391.2M-7.7% $423.8M+7.6% $393.8M-0.1% $394.1M+3.4% $381.3M+0.8% $378.2M+16.0% $326.1M

BZH Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$63.5M+61.6% -$165.3M-166.1% $250.2M+501.8% -$62.3M-1914.7% $3.4M+102.2% -$159.4M-185.9% $185.4M+322.3% -$83.4M
Capital Expenditures $7.8M+40.3% $5.6M-25.6% $7.5M-6.2% $8.0M+1.6% $7.8M+50.3% $5.2M-7.8% $5.7M+9.1% $5.2M
Free Cash Flow -$71.3M+58.3% -$170.9M-170.4% $242.7M+445.6% -$70.2M-1492.1% -$4.4M+97.3% -$164.6M-191.6% $179.8M+302.9% -$88.6M
Investing Cash Flow -$8.0M-27.4% -$6.3M+9.9% -$7.0M-115.1% -$3.3M+12.7% -$3.7M+34.3% -$5.7M+7.6% -$6.1M-20.0% -$5.1M
Financing Cash Flow $67.6M-12.7% $77.4M+167.3% -$115.0M-342.3% $47.5M+543.6% -$10.7M-125.5% $41.9M+192.8% -$45.1M-243.0% $31.6M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $30.4M+101.2% $15.1M $0-100.0% $12.5M-39.1% $20.6M $0 $0-100.0% $12.9M

BZH Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin 11.9%+1.6pp 10.2%-3.2pp 13.5%+0.2pp 13.3%-1.9pp 15.2%-0.2pp 15.4%-2.2pp 17.5%+0.2pp 17.3%
Operating Margin -4.6%+4.1pp -8.8%-11.9pp 3.1%+3.8pp -0.7%-3.0pp 2.4%+1.9pp 0.5%-6.8pp 7.2%+2.4pp 4.8%
Net Margin -0.2%+8.8pp -9.0%-12.8pp 3.8%+3.9pp -0.1%-2.3pp 2.3%+1.6pp 0.7%-5.8pp 6.5%+1.9pp 4.6%
Return on Equity -0.1%+2.6pp -2.7%-5.1pp 2.4%+2.4pp -0.0%-1.1pp 1.0%+0.8pp 0.3%-4.0pp 4.2%+1.9pp 2.3%
Return on Assets -0.0%+1.2pp -1.2%-2.4pp 1.1%+1.2pp -0.0%-0.5pp 0.5%+0.4pp 0.1%-1.9pp 2.0%+1.0pp 1.1%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 1.36+0.2 1.20+0.1 1.09-0.1 1.23+0.1 1.16+0.1 1.110.0 1.10-0.1 1.20
FCF Margin -17.4%+29.6pp -47.0%-77.6pp 30.6%+43.5pp -12.9%-12.1pp -0.8%+34.3pp -35.1%-57.4pp 22.3%+37.2pp -14.9%

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Frequently Asked Questions

Beazer Homes Usa Inc (BZH) reported $2.4B in total revenue for fiscal year 2025. This represents a 1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Beazer Homes Usa Inc (BZH) revenue grew by 1.8% year-over-year, from $2.3B to $2.4B in fiscal year 2025.

Yes, Beazer Homes Usa Inc (BZH) reported a net income of $45.6M in fiscal year 2025, with a net profit margin of 1.9%.

Beazer Homes Usa Inc (BZH) reported diluted earnings per share of $1.52 for fiscal year 2025. This represents a -66.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Beazer Homes Usa Inc (BZH) had EBITDA of $55.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Beazer Homes Usa Inc (BZH) had a gross margin of 14.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Beazer Homes Usa Inc (BZH) had an operating margin of 1.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Beazer Homes Usa Inc (BZH) had a net profit margin of 1.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Beazer Homes Usa Inc (BZH) has a return on equity of 3.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Beazer Homes Usa Inc (BZH) generated $3.5M in free cash flow during fiscal year 2025. This represents a 102.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Beazer Homes Usa Inc (BZH) generated $32.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Beazer Homes Usa Inc (BZH) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Beazer Homes Usa Inc (BZH) invested $28.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Beazer Homes Usa Inc (BZH) spent $33.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Beazer Homes Usa Inc (BZH) had 30M shares outstanding as of fiscal year 2025.

Beazer Homes Usa Inc (BZH) had a debt-to-equity ratio of 1.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Beazer Homes Usa Inc (BZH) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Beazer Homes Usa Inc (BZH) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Beazer Homes Usa Inc (BZH) has an earnings quality ratio of 0.70x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Beazer Homes Usa Inc (BZH) scores 28 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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