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

Hovnanian Enterprises Inc (HOVVB) 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 Enterprises Inc Financials

HOVVB

Source SEC Filings (10-K/10-Q) Data as of Apr 30, 2026 Currency USD FYE October

This page shows Hovnanian Enterprises Inc (HOVVB) 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 HOVVB FY2025 2026-04-22

With revenue roughly flat near $3B, cash conversion and leverage reveal more than headline earnings alone.

After the prior year's near-breakeven cash result, free cash flow rebounded to $166.2M even as net margin fell to 2.1%, so reported profit and actual cash moved in opposite directions. Because capex was only $22.1M, the swing was not driven by heavy investment needs; it points instead to a business where balance-sheet timing can dominate a single year's earnings signal.

The balance-sheet repair over the last few years is large: debt-to-equity fell from 6.3x to 1.1x, which is a very different financing posture from the earlier period. Long-term debt ended at $901.3M versus $1.25B before, so the company now carries profit volatility with a thicker equity cushion.

Sales stayed clustered around $3B, yet return on assets slid to 2.3% in the latest year, showing that weaker earnings came from thinner profitability on a similar operating base rather than from a sharp top-line break. That also explains why annual results look volatile even when revenue does not: small shifts in margin and cash timing have an outsized effect.

Financial Health Signals

Financial health score pending refresh

We are recalculating Hovnanian Enterprises Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

4/6

Hovnanian Enterprises Inc passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 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.

Key Financial Metrics

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Earnings & Revenue

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

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 & Balance Sheet

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.

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 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

7.6%

YoY-22.2pp

Hovnanian Enterprises Inc'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 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.

HOVVB 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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$667.6M+5.6%	$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
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	$934K-88.1%	$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
Net Income	-$284K-101.4%	$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
EPS (Diluted)	$-0.46-117.6%	$2.62	N/A	$1.99-18.1%	$2.43-32.1%	$3.58	N/A	$9.75

HOVVB 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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$2.8B+3.4%	$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
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	$2.0B+5.5%	$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
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$901.9M+0.1%	$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
Total Equity	$824.9M-1.3%	$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
Retained Earnings	$142.6M-2.0%	$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

HOVVB 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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$67.1M-147.6%	$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
Capital Expenditures	$3.4M-61.7%	$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
Free Cash Flow	-$70.5M-153.3%	$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
Investing Cash Flow	-$2.1M+92.6%	-$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
Financing Cash Flow	$41.8M+179.5%	-$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
Dividends Paid	N/A	N/A	$2.7M0.0%	$2.7M0.0%	$2.7M	N/A	$2.7M0.0%	$2.7M
Share Buybacks	$9.5M+6.1%	$9.0M+15617.2%	-$58K+38.3%	-$94K-100.8%	$12.3M-31.6%	$18.1M+164190.9%	-$11K-100.1%	$11.4M

HOVVB 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	N/A
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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	-0.0%-3.3pp	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%
Return on Equity	-0.0%-2.5pp	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%
Return on Assets	-0.0%-0.8pp	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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.09+0.0	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
FCF Margin	-10.5%-31.5pp	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%

Frequently Asked Questions

What is Hovnanian Enterprises Inc's annual revenue?

Hovnanian Enterprises Inc (HOVVB) 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 (HOVVB) 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 (HOVVB) 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 net profit margin?

Hovnanian Enterprises Inc (HOVVB) 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 (HOVVB) 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 Enterprises Inc's free cash flow?

Hovnanian Enterprises Inc (HOVVB) 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 (HOVVB) 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 (HOVVB) had $2.7B 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 (HOVVB) 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 (HOVVB) 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 (HOVVB) 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 (HOVVB) 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 Enterprises Inc's Piotroski F-Score?

Hovnanian Enterprises Inc (HOVVB) has a Piotroski F-Score of 4 out of 6 computable signals; 3 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.

Are Hovnanian Enterprises Inc's earnings high quality?

Hovnanian Enterprises Inc (HOVVB) 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.