Hovnanian Enterprises Inc Financials

HOV

Source SEC Filings (10-K/10-Q) Updated Oct 31, 2025 Currency USD FYE October

Financial Health Signals

Financial Profile 39/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Hovnanian Enterprises Inc's revenue declined 0.9% year-over-year, from $3.0B to $3.0B. This contraction results in a growth score of 26/100.

Leverage

Hovnanian Enterprises Inc carries a low D/E ratio of 1.08, meaning only $1.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Hovnanian Enterprises Inc's free cash flow margin of 5.6% results in a low score of 28/100. Capital expenditures of $22.1M absorb a large share of operating cash flow.

Returns

Hovnanian Enterprises Inc's ROE of 7.7% shows moderate profitability relative to equity, earning a score of 31/100. This is down from 29.8% the prior year.

Piotroski F-Score Neutral

4/9

Hovnanian Enterprises Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.95x

For every $1 of reported earnings, Hovnanian Enterprises Inc generates $2.95 in operating cash flow ($188.3M OCF vs $63.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Hovnanian Enterprises Inc (HOV) 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).

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Key Financial Metrics

Revenue

$3.0B

YoY-0.9%

5Y CAGR+4.9%

10Y CAGR+3.3%

Hovnanian Enterprises Inc generated $3.0B in revenue in fiscal year 2025. This represents a decrease of 0.9% from the prior year.

EBITDA

N/A

Free Cash Flow

$166.2M

YoY+2774.6%

5Y CAGR-10.5%

Hovnanian Enterprises Inc generated $166.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 2774.6% from the prior year.

Net Income

$63.9M

YoY-73.6%

5Y CAGR+4.6%

Hovnanian Enterprises Inc reported $63.9M in net income in fiscal year 2025. This represents a decrease of 73.6% from the prior year.

EPS (Diluted)

$7.43

YoY-76.6%

5Y CAGR+1.1%

Hovnanian Enterprises Inc earned $7.43 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 76.6% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

2.1%

YoY-5.9pp

5Y CAGR-0.0pp

10Y CAGR+2.9pp

Hovnanian Enterprises Inc's net profit margin was 2.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.

Return on Equity

7.7%

YoY-22.1pp

Hovnanian Enterprises Inc's ROE was 7.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 22.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$30.2M

YoY+14.0%

Hovnanian Enterprises Inc spent $30.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 14.0% from the prior year.

Capital Expenditures

$22.1M

YoY+23.7%

5Y CAGR+45.6%

10Y CAGR+26.8%

Hovnanian Enterprises Inc invested $22.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 23.7% from the prior year.

HOV Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.0B-0.9%	$3.0B+9.0%	$2.8B-5.7%	$2.9B+5.0%	$2.8B+18.7%	$2.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$120.7M-10.5%	$134.9M+1.9%	$132.4M-18.2%	$161.8M-9.2%	$178.1M
Income Tax	$22.2M-70.4%	$75.1M+50.0%	$50.1M-46.9%	$94.3M+122.6%	-$418.0M-9439.8%	$4.5M
Net Income	$63.9M-73.6%	$242.0M+17.5%	$205.9M-8.7%	$225.5M-62.9%	$607.8M+1093.5%	$50.9M
EPS (Diluted)	$7.43-76.6%	$31.79+18.3%	$26.88-7.3%	$29.00-66.2%	$85.86+1121.3%	$7.03

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Revenue	$800.6M+16.6%	$686.5M+1.9%	$673.6M-6.8%	$722.7M+2.0%	$708.4M+19.2%	$594.2M-8.6%	$650.0M-7.6%	$703.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$7.2M+5.6%	$6.8M-41.7%	$11.7M-52.1%	$24.4M+31.2%	$18.6M+114.3%	$8.7M-40.8%	$14.6M+22.1%	$12.0M
Net Income	$16.6M-15.8%	$19.7M-30.0%	$28.2M-61.3%	$72.9M+43.4%	$50.8M+112.7%	$23.9M-57.1%	$55.8M+63.3%	$34.1M
EPS (Diluted)	$1.99-18.1%	$2.43-32.1%	$3.58-63.3%	$9.75+46.4%	$6.66+128.9%	$2.91-60.6%	$7.38+65.1%	$4.47

HOV Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.6B+4.0%	$2.5B+8.2%	$2.3B-3.9%	$2.4B+5.5%	$2.3B+24.8%	$1.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.8B+4.7%	$1.7B-0.7%	$1.7B-15.0%	$2.0B-3.5%	$2.1B-6.8%	$2.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$900.7M+0.8%	$893.7M-4.4%	$934.6M-18.4%	$1.1B-8.2%	$1.2B-12.8%	$1.4B
Total Equity	$830.9M+2.4%	$811.4M+33.7%	$607.1M+53.4%	$395.8M+101.4%	$196.5M+147.1%	-$417.2M
Retained Earnings	$127.3M+27.8%	$99.7M+173.3%	-$136.0M+59.6%	-$336.4M+38.3%	-$545.1M+52.9%	-$1.2B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Total Assets	$2.6B+3.2%	$2.6B+0.8%	$2.5B-2.8%	$2.6B+12.4%	$2.3B-1.0%	$2.3B-6.1%	$2.5B+0.4%	$2.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.8B+4.1%	$1.7B+0.6%	$1.7B-4.6%	$1.8B+8.1%	$1.7B-3.6%	$1.7B-9.3%	$1.9B-7.0%	$2.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$900.7M+4.2%	$864.3M-3.3%	$893.7M-0.3%	$896.2M-3.9%	$933.0M-0.2%	$934.6M-11.1%	$1.1B-8.1%	$1.1B
Total Equity	$830.9M+1.3%	$820.4M+1.1%	$811.4M+1.4%	$800.3M+23.7%	$647.0M+6.6%	$607.1M+4.4%	$581.7M+35.5%	$429.5M
Retained Earnings	$127.3M+9.1%	$116.7M+17.1%	$99.7M+34.4%	$74.1M+184.4%	-$87.8M+35.4%	-$136.0M+13.5%	-$157.2M+48.4%	-$304.9M

HOV Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$188.3M+696.4%	$23.6M-94.6%	$435.3M+386.5%	$89.5M-57.4%	$210.2M-28.2%	$292.8M
Capital Expenditures	$22.1M+23.7%	$17.9M-5.1%	$18.8M+49.5%	$12.6M+111.9%	$5.9M+75.8%	$3.4M
Free Cash Flow	$166.2M+2774.6%	$5.8M-98.6%	$416.5M+441.7%	$76.9M-62.4%	$204.3M-29.4%	$289.4M
Investing Cash Flow	-$66.0M-42.0%	-$46.5M+40.6%	-$78.2M-3535.5%	-$2.2M-123.9%	$9.0M+320.4%	$2.1M
Financing Cash Flow	-$70.4M+62.5%	-$187.9M+28.2%	-$261.7M-1484.2%	-$16.5M+92.4%	-$217.3M-29.5%	-$167.8M
Dividends Paid	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M	$0	$0
Share Buybacks	$30.2M+14.0%	$26.5M+452.7%	$4.8M-60.7%	$12.2M	$0	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Operating Cash Flow	$169.1M+658.1%	$22.3M+139.9%	-$55.9M-148.2%	$115.8M+30.0%	$89.1M+200.1%	-$89.0M-161.9%	$143.7M+47.8%	$97.2M
Capital Expenditures	$5.1M-19.5%	$6.3M+71.5%	$3.7M-16.7%	$4.4M-0.4%	$4.4M-18.4%	$5.4M-3.1%	$5.6M+26.8%	$4.4M
Free Cash Flow	$164.0M+926.0%	$16.0M+126.8%	-$59.6M-153.5%	$111.4M+31.6%	$84.7M+189.6%	-$94.4M-168.4%	$138.1M+48.8%	$92.8M
Investing Cash Flow	-$5.4M+31.8%	-$7.9M+68.6%	-$25.1M-305.8%	-$6.2M+81.3%	-$33.1M-702.7%	-$4.1M-2389.4%	$180K-93.6%	$2.8M
Financing Cash Flow	-$39.9M-1.1%	-$39.4M+5.1%	-$41.6M-55.4%	-$26.8M+57.7%	-$63.2M+56.8%	-$146.3M-333.9%	-$33.7M-292.0%	-$8.6M
Dividends Paid	$2.7M0.0%	$2.7M	N/A	$2.7M0.0%	$2.7M	N/A	$2.7M0.0%	$2.7M
Share Buybacks	-$58K-100.5%	$12.3M-31.6%	$18.1M+164190.9%	-$11K-100.1%	$15.1M	$0	$0	$0

HOV Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	2.1%-5.9pp	8.1%+0.6pp	7.5%-0.3pp	7.7%-14.1pp	21.8%+19.7pp	2.2%
Return on Equity	7.7%-22.1pp	29.8%-4.1pp	33.9%-23.1pp	57.0%-252.4pp	309.3%	N/A
Return on Assets	2.4%-7.1pp	9.6%+0.8pp	8.8%-0.5pp	9.3%-17.1pp	26.3%+23.6pp	2.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.08-0.0	1.10-0.4	1.54-1.4	2.89-3.5	6.35+9.8	-3.43
FCF Margin	5.6%+5.4pp	0.2%-14.9pp	15.1%+12.5pp	2.6%-4.7pp	7.3%-5.0pp	12.3%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	2.1%-0.8pp	2.9%-1.3pp	4.2%-5.9pp	10.1%+2.9pp	7.2%+3.2pp	4.0%-4.6pp	8.6%+3.7pp	4.9%
Return on Equity	2.0%-0.4pp	2.4%-1.1pp	3.5%-6.9pp	10.4%+2.5pp	7.9%+3.9pp	3.9%-7.6pp	11.6%+3.6pp	8.0%
Return on Assets	0.6%-0.1pp	0.8%-0.3pp	1.1%-1.8pp	2.9%+0.7pp	2.2%+1.2pp	1.0%-1.3pp	2.3%+1.0pp	1.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.08+0.0	1.05-0.0	1.10-0.0	1.12-0.3	1.44-0.1	1.54-0.3	1.81-0.9	2.66
FCF Margin	5.7%+3.4pp	2.3%+11.2pp	-8.8%+4.4pp	-13.3%-25.2pp	11.9%+27.8pp	-15.9%-49.8pp	33.9%+20.8pp	13.2%

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Frequently Asked Questions

What is Hovnanian Enterprises Inc's annual revenue?

Hovnanian Enterprises Inc (HOV) reported $3.0B in total revenue for fiscal year 2025. This represents a -0.9% 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.

How fast is Hovnanian Enterprises Inc's revenue growing?

Hovnanian Enterprises Inc (HOV) revenue declined by 0.9% year-over-year, from $3.0B to $3.0B in fiscal year 2025.

Is Hovnanian Enterprises Inc profitable?

Yes, Hovnanian Enterprises Inc (HOV) reported a net income of $63.9M in fiscal year 2025, with a net profit margin of 2.1%.

What is Hovnanian Enterprises Inc's earnings per share (EPS)?

Hovnanian Enterprises Inc (HOV) reported diluted earnings per share of $7.43 for fiscal year 2025. This represents a -76.6% 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.

What is Hovnanian Enterprises Inc's net profit margin?

Hovnanian Enterprises Inc (HOV) had a net profit margin of 2.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Hovnanian Enterprises Inc's return on equity (ROE)?

Hovnanian Enterprises Inc (HOV) has a return on equity of 7.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Hovnanian Enterprises Inc's free cash flow?

Hovnanian Enterprises Inc (HOV) generated $166.2M in free cash flow during fiscal year 2025. This represents a 2774.6% 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.

What is Hovnanian Enterprises Inc's operating cash flow?

Hovnanian Enterprises Inc (HOV) generated $188.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Hovnanian Enterprises Inc's total assets?

Hovnanian Enterprises Inc (HOV) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Hovnanian Enterprises Inc's capital expenditures?

Hovnanian Enterprises Inc (HOV) invested $22.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Hovnanian Enterprises Inc buy back shares?

Yes, Hovnanian Enterprises Inc (HOV) spent $30.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Hovnanian Enterprises Inc's debt-to-equity ratio?

Hovnanian Enterprises Inc (HOV) had a debt-to-equity ratio of 1.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hovnanian Enterprises Inc's return on assets (ROA)?

Hovnanian Enterprises Inc (HOV) had a return on assets of 2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Hovnanian Enterprises Inc's Piotroski F-Score?

Hovnanian Enterprises Inc (HOV) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hovnanian Enterprises Inc's earnings high quality?

Hovnanian Enterprises Inc (HOV) has an earnings quality ratio of 2.95x, considered cash-backed (high 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.

How financially healthy is Hovnanian Enterprises Inc?

Hovnanian Enterprises Inc (HOV) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.