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

Hovnanian Entprs (HOVNP) 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.

Hovnanian Entprs Financials

HOVNP

Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE October

This page shows Hovnanian Entprs (HOVNP) 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 HOVNP FY2025 2026-04-22

Cash generation swings far more than reported profit, while steady deleveraging is slowly reshaping a once debt-heavy balance sheet.

FY2025 reported earnings weakened, with net income falling from $242.0M to $63.9M. Yet free cash flow recovered from $5.8M to $166.2M, which implies this business's cash output is heavily shaped by balance-sheet timing rather than tracking accounting profit smoothly.

The more durable shift is balance-sheet repair: debt to equity fell from 6.3x in FY2021 to 1.1x in FY2025. That came as total equity rose from $196.5M to $835.7M, so leverage eased mostly because the equity base was rebuilt, not because debt disappeared.

This is also a margin-sensitive earnings model: revenue was roughly flat near $3.0B across FY2024-FY2025. But net margin dropped from 8.1% to 2.1%, showing that relatively small shifts below the revenue line can reshape earnings quickly.

Financial Health Signals

Financial Profile 36/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Hovnanian Entprs'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.

Growth

Hovnanian Entprs's revenue declined 0.9% year-over-year, from $3.0B to $3.0B. This contraction results in a growth score of 40/100.

Leverage

Hovnanian Entprs 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 80/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Hovnanian Entprs has a free cash flow margin of 5.6%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Hovnanian Entprs's ROE of 7.6% shows moderate profitability relative to equity, earning a score of 55/100. This is down from 29.8% the prior year.

Piotroski F-Score Neutral

4/9

Hovnanian Entprs 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 Entprs 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.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.0B

YoY-0.9%

5Y CAGR+4.9%

10Y CAGR+3.3%

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

EBITDA

N/A

Net Income

$63.9M

YoY-73.6%

5Y CAGR+4.6%

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

Cash & Balance Sheet

Free Cash Flow

$166.2M

YoY+2774.6%

5Y CAGR-10.5%

Hovnanian Entprs 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.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

2.1%

YoY-5.9pp

5Y CAGR-0.0pp

10Y CAGR+2.9pp

Hovnanian Entprs'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

7.6%

YoY-22.2pp

Hovnanian Entprs's ROE was 7.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 22.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$30.2M

YoY+14.0%

Hovnanian Entprs 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 Entprs 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.

HOVNP 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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$632.0M-22.7%	$817.9M+2.2%	$800.6M+16.6%	$686.5M+1.9%	$673.6M-31.2%	$979.6M+35.6%	$722.7M+2.0%	$708.4M
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	$7.8M+327.9%	-$3.4M-147.9%	$7.2M+5.6%	$6.8M-41.7%	$11.7M-50.4%	$23.5M-3.4%	$24.4M+31.2%	$18.6M
Net Income	$20.9M+3227.3%	-$667K-104.0%	$16.6M-15.8%	$19.7M-30.0%	$28.2M-70.1%	$94.3M+29.4%	$72.9M+43.4%	$50.8M
EPS (Diluted)	$2.62	N/A	$1.99-18.1%	$2.43-32.1%	$3.58	N/A	$9.75+46.4%	$6.66

HOVNP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.7B+8.0%	$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	$1.9B+10.2%	$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	$901.3M+0.9%	$893.7M-4.4%	$934.6M-18.4%	$1.1B-8.2%	$1.2B-12.8%	$1.4B
Total Equity	$835.7M+3.0%	$811.4M+33.7%	$607.1M+53.4%	$395.8M+101.4%	$196.5M+147.1%	-$417.2M
Retained Earnings	$145.5M+46.0%	$99.7M+173.3%	-$136.0M+59.6%	-$336.4M+38.3%	-$545.1M+52.9%	-$1.2B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$2.7B+3.8%	$2.6B+0.2%	$2.6B+3.0%	$2.6B+0.8%	$2.5B-2.8%	$2.6B+2.6%	$2.5B+9.6%	$2.3B
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	$1.9B+5.2%	$1.8B+0.5%	$1.8B+3.5%	$1.7B+0.6%	$1.7B-4.6%	$1.8B-1.7%	$1.8B+10.0%	$1.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$901.3M+0.1%	$900.7M+4.5%	$861.9M-0.3%	$864.3M-3.3%	$893.7M-0.3%	$896.2M-0.3%	$898.7M-3.7%	$933.0M
Total Equity	$835.7M+0.6%	$830.9M-0.5%	$835.4M+1.8%	$820.4M+1.1%	$811.4M+1.4%	$800.3M+13.8%	$703.4M+8.7%	$647.0M
Retained Earnings	$145.5M+14.3%	$127.3M-2.6%	$130.7M+11.9%	$116.7M+17.1%	$99.7M+34.4%	$74.1M+522.5%	-$17.5M+80.0%	-$87.8M

HOVNP 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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$140.9M-16.7%	$169.1M+220.3%	$52.8M+136.7%	$22.3M+139.9%	-$55.9M-148.2%	$115.8M+225.5%	-$92.3M-203.6%	$89.1M
Capital Expenditures	$8.8M+72.4%	$5.1M-27.4%	$7.0M+10.9%	$6.3M+71.5%	$3.7M-16.7%	$4.4M+24.4%	$3.6M-20.0%	$4.4M
Free Cash Flow	$132.1M-19.4%	$164.0M+258.3%	$45.8M+186.4%	$16.0M+126.8%	-$59.6M-153.5%	$111.4M+216.2%	-$95.8M-213.2%	$84.7M
Investing Cash Flow	-$29.1M-442.1%	-$5.4M+80.6%	-$27.7M-251.4%	-$7.9M+68.6%	-$25.1M-305.8%	-$6.2M-99.6%	-$3.1M+90.6%	-$33.1M
Financing Cash Flow	-$52.6M-32.0%	-$39.9M-178.9%	$50.5M+228.0%	-$39.4M+5.1%	-$41.6M-55.4%	-$26.8M-155.4%	$48.3M+176.4%	-$63.2M
Dividends Paid	N/A	$2.7M0.0%	$2.7M0.0%	$2.7M	N/A	$2.7M0.0%	$2.7M0.0%	$2.7M
Share Buybacks	$9.0M+15617.2%	-$58K+38.3%	-$94K-100.8%	$12.3M-31.6%	$18.1M+164190.9%	-$11K-100.1%	$11.4M-24.8%	$15.1M

HOVNP 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	7.6%-22.2pp	29.8%-4.1pp	33.9%-23.1pp	57.0%-252.4pp	309.3%	N/A
Return on Assets	2.3%-7.2pp	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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	3.3%+3.4pp	-0.1%-2.2pp	2.1%-0.8pp	2.9%-1.3pp	4.2%-5.5pp	9.6%-0.5pp	10.1%+2.9pp	7.2%
Return on Equity	2.5%+2.6pp	-0.1%-2.1pp	2.0%-0.4pp	2.4%-1.1pp	3.5%-8.3pp	11.8%+1.4pp	10.4%+2.5pp	7.9%
Return on Assets	0.8%+0.8pp	-0.0%-0.7pp	0.6%-0.1pp	0.8%-0.3pp	1.1%-2.5pp	3.6%+0.8pp	2.9%+0.7pp	2.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.080.0	1.08+0.1	1.03-0.0	1.05-0.0	1.10-0.0	1.12-0.2	1.28-0.2	1.44
FCF Margin	20.9%+0.9pp	20.1%+14.3pp	5.7%+3.4pp	2.3%+11.2pp	-8.8%-20.2pp	11.4%+24.6pp	-13.3%-25.2pp	11.9%

Frequently Asked Questions

What is Hovnanian Entprs's annual revenue?

Hovnanian Entprs (HOVNP) 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 Entprs's revenue growing?

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

Is Hovnanian Entprs profitable?

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

What is Hovnanian Entprs's net profit margin?

Hovnanian Entprs (HOVNP) 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 Entprs's return on equity (ROE)?

Hovnanian Entprs (HOVNP) has a return on equity of 7.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Hovnanian Entprs's free cash flow?

Hovnanian Entprs (HOVNP) 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 Entprs's operating cash flow?

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

What are Hovnanian Entprs's total assets?

Hovnanian Entprs (HOVNP) had $2.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Hovnanian Entprs's capital expenditures?

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

Does Hovnanian Entprs buy back shares?

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

What is Hovnanian Entprs's debt-to-equity ratio?

Hovnanian Entprs (HOVNP) 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 Entprs's return on assets (ROA)?

Hovnanian Entprs (HOVNP) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Hovnanian Entprs's Piotroski F-Score?

Hovnanian Entprs (HOVNP) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hovnanian Entprs's earnings high quality?

Hovnanian Entprs (HOVNP) 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 Entprs?

Hovnanian Entprs (HOVNP) scores 36 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.