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Nobility Homes Financials

NOBH
Source SEC Filings (10-K/10-Q) Data as of May 2, 2026 Currency USD FYE November

This page shows Nobility Homes (NOBH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 NOBH FY2025

A cash-rich, debt-light balance sheet is cushioning a business whose working capital now absorbs more profit.

In FY2025, net income of $8.4M turned into only $4.2M of operating cash flow, a sharp cash-conversion slowdown despite continued profitability. That gap lines up with working capital absorbing cash as receivables expanded, and it mattered because $4.5M of dividends and buybacks slightly exceeded free cash flow of $4.0M.

Sales have not regained the FY2023 peak, yet operating margin stayed near 19.0% in both FY2024 and FY2025 even as gross margin eased. That pattern points more to cost discipline in overhead than to simple volume-driven leverage, since SG&A fell while revenue was mostly flat.

The balance sheet is unusually self-funded: liabilities are only $6.5M against cash of $11.1M, with no long-term debt reported. That leaves the business with flexibility to carry inventory and keep returning cash, but it also means changes in inventory or receivables can dominate yearly cash flow even when accounting profit stays healthy.

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Financial Health Signals

Financial health score pending refresh

We are recalculating Nobility Homes'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.

Altman Z-Score Safe
12.27

Nobility Homes scores 12.27, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($91.5M) relative to total liabilities ($6.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
6/8

Nobility Homes passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality
0.49x

For every $1 of reported earnings, Nobility Homes generates $0.49 in operating cash flow ($4.2M OCF vs $8.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$52.7M
YoY+1.4%
5Y CAGR+4.8%
10Y CAGR+6.6%

Nobility Homes generated $52.7M in revenue in fiscal year 2025. This represents an increase of 1.4% from the prior year.

EBITDA
$10.3M
YoY+5.3%
5Y CAGR+7.0%
10Y CAGR+12.9%

Nobility Homes's EBITDA was $10.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.3% from the prior year.

Net Income
$8.4M
YoY-1.9%
5Y CAGR+7.1%
10Y CAGR+11.2%

Nobility Homes reported $8.4M in net income in fiscal year 2025. This represents a decrease of 1.9% from the prior year.

EPS (Diluted)
$2.58
YoY-1.9%
5Y CAGR+9.5%
10Y CAGR+13.6%

Nobility Homes earned $2.58 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$4.0M
YoY-42.0%
5Y CAGR-9.6%
10Y CAGR+4.2%

Nobility Homes generated $4.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 42.0% from the prior year.

Cash & Debt
$11.1M
YoY-32.0%
5Y CAGR-19.6%
10Y CAGR-4.1%

Nobility Homes held $11.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.25
YoY-16.7%

Nobility Homes paid $1.25 per share in dividends in fiscal year 2025. This represents a decrease of 16.7% from the prior year.

Shares Outstanding
3M
YoY-3.5%
5Y CAGR-2.8%
10Y CAGR-2.4%

Nobility Homes had 3M shares outstanding in fiscal year 2025. This represents a decrease of 3.5% from the prior year.

Margins & Returns

Gross Margin
31.9%
YoY-1.7pp
5Y CAGR+2.7pp
10Y CAGR+9.8pp

Nobility Homes's gross margin was 31.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the prior year.

Operating Margin
19.1%
YoY+0.6pp
5Y CAGR+1.9pp
10Y CAGR+8.5pp

Nobility Homes's operating margin was 19.1% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.

Net Margin
16.0%
YoY-0.5pp
5Y CAGR+1.7pp
10Y CAGR+5.6pp

Nobility Homes's net profit margin was 16.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.5 percentage points from the prior year.

Return on Equity
14.2%
YoY-0.5pp
5Y CAGR+2.7pp
10Y CAGR+6.9pp

Nobility Homes's ROE was 14.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$420K
5Y CAGR-12.6%
10Y CAGR+1.5%

Nobility Homes spent $420K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$180K
YoY-1.3%
5Y CAGR-10.8%
10Y CAGR+4.3%

Nobility Homes invested $180K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 1.3% from the prior year.

NOBH Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $12.4M+18.2% $10.5M-31.7% $15.4M+28.0% $12.0M-18.5% $14.8M+20.5% $12.2M-14.8% $14.4M+4.0% $13.8M
Cost of Revenue $8.8M+20.2% $7.3M-28.9% $10.3M+25.8% $8.2M-19.3% $10.1M+22.4% $8.3M-14.6% $9.7M+5.3% $9.2M
Gross Profit $3.6M+13.5% $3.2M-37.4% $5.1M+32.8% $3.8M-16.9% $4.6M+16.6% $4.0M-15.1% $4.7M+1.6% $4.6M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $1.5M+11.9% $1.4M-24.7% $1.8M+8.9% $1.7M-11.6% $1.9M+12.7% $1.7M-24.5% $2.2M+9.3% $2.0M
Operating Income $2.1M+14.8% $1.8M-44.4% $3.3M+51.0% $2.2M-20.6% $2.7M+19.5% $2.3M-6.6% $2.5M-4.5% $2.6M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $597K+8.1% $553K-38.3% $897K+34.3% $668K-9.0% $734K+9.7% $669K-11.2% $753K+1.5% $742K
Net Income $1.8M+8.1% $1.6M-39.7% $2.7M+47.9% $1.8M-20.4% $2.3M+15.7% $2.0M-18.1% $2.4M+10.7% $2.2M
EPS (Diluted) $0.56+12.0% $0.50 N/A $0.56-20.0% $0.70+16.7% $0.60 N/A $0.67

NOBH Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $63.6M-3.5% $65.9M-1.8% $67.1M+2.3% $65.6M+0.2% $65.5M-2.6% $67.3M+1.1% $66.6M+3.5% $64.3M
Current Assets $49.7M-4.6% $52.0M-2.3% $53.3M+3.0% $51.7M+0.1% $51.7M-3.5% $53.5M+1.1% $52.9M+4.5% $50.6M
Cash & Equivalents $9.9M-11.1% $11.1M-16.2% $13.2M-7.9% $14.4M+10.2% $13.0M-20.0% $16.3M+20.5% $13.5M+3.6% $13.1M
Inventory $20.5M+0.9% $20.3M+2.7% $19.7M-0.4% $19.8M-0.8% $20.0M-1.5% $20.3M-3.6% $21.0M+3.2% $20.4M
Accounts Receivable $3.2M-18.1% $4.0M-14.2% $4.6M+66.3% $2.8M-25.1% $3.7M+92.4% $1.9M-34.5% $2.9M+42.9% $2.1M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $7.1M+9.0% $6.5M+1.3% $6.4M-7.1% $6.9M-20.2% $8.7M-0.4% $8.7M-12.9% $10.0M+1.6% $9.8M
Current Liabilities $7.0M+8.3% $6.5M+1.3% $6.4M-7.6% $6.9M-20.2% $8.7M-0.4% $8.7M-12.9% $10.0M+1.6% $9.8M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $56.5M-4.9% $59.4M-2.1% $60.7M+3.4% $58.7M+3.3% $56.9M-3.0% $58.6M+3.6% $56.6M+3.9% $54.5M
Retained Earnings $77.7M-3.7% $80.7M+2.1% $79.0M+3.1% $76.7M+2.4% $74.9M-2.3% $76.7M+2.7% $74.7M+2.8% $72.6M

NOBH Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow $3.0M+66.4% $1.8M+946.8% $175K-74.7% $690K-21.5% $879K-63.6% $2.4M+553.1% $370K-87.6% $3.0M
Capital Expenditures $47K+10624.4% $435-90.7% $5K-43.6% $8K-83.3% $50K-57.6% $117K+896.3% $12K-56.1% $27K
Free Cash Flow $3.0M+63.9% $1.8M+975.3% $170K-75.0% $682K-17.8% $829K-63.9% $2.3M+541.8% $358K-87.9% $3.0M
Investing Cash Flow $459K+145.6% -$1.0M-13.6% -$887K-238.8% $639K+1378.8% -$50K-114.2% $352K+255.4% $99K+116.6% -$597K
Financing Cash Flow -$4.7M-59.3% -$3.0M-606.9% -$420K $0+100.0% -$4.1M $0 $0 $0
Dividends Paid N/A N/A $0 $0 N/A N/A $0 $0
Share Buybacks $0-100.0% $3.0M N/A N/A $0 $0 $0 $0

NOBH Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin 29.3%-1.2pp 30.4%-2.8pp 33.2%+1.2pp 32.0%+0.6pp 31.4%-1.1pp 32.4%-0.1pp 32.6%-0.8pp 33.4%
Operating Margin 16.9%-0.5pp 17.4%-4.0pp 21.4%+3.3pp 18.1%-0.5pp 18.6%-0.2pp 18.7%+1.6pp 17.1%-1.5pp 18.6%
Net Margin 14.2%-1.3pp 15.5%-2.0pp 17.5%+2.4pp 15.2%-0.4pp 15.5%-0.7pp 16.2%-0.7pp 16.9%+1.0pp 15.8%
Return on Equity 3.1%+0.4pp 2.7%-1.7pp 4.5%+1.3pp 3.1%-0.9pp 4.0%+0.7pp 3.4%-0.9pp 4.3%+0.3pp 4.0%
Return on Assets 2.8%+0.3pp 2.5%-1.6pp 4.0%+1.2pp 2.8%-0.7pp 3.5%+0.6pp 2.9%-0.7pp 3.6%+0.2pp 3.4%
Current Ratio 7.07-1.0 8.03-0.3 8.33+0.9 7.47+1.5 5.95-0.2 6.14+0.9 5.29+0.1 5.15
Debt-to-Equity 0.13+0.0 0.110.0 0.11-0.0 0.12-0.0 0.150.0 0.15-0.0 0.180.0 0.18
FCF Margin 24.2%+6.8pp 17.4%+16.3pp 1.1%-4.6pp 5.7%+0.1pp 5.6%-13.2pp 18.8%+16.3pp 2.5%-19.0pp 21.5%

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Frequently Asked Questions

Nobility Homes (NOBH) reported $52.7M in total revenue for fiscal year 2025. This represents a 1.4% 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.

Nobility Homes (NOBH) revenue grew by 1.4% year-over-year, from $51.9M to $52.7M in fiscal year 2025.

Yes, Nobility Homes (NOBH) reported a net income of $8.4M in fiscal year 2025, with a net profit margin of 16.0%.

Nobility Homes (NOBH) reported diluted earnings per share of $2.58 for fiscal year 2025. This represents a -1.9% 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.

Nobility Homes (NOBH) had EBITDA of $10.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Nobility Homes (NOBH) had a gross margin of 31.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Nobility Homes (NOBH) had an operating margin of 19.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Nobility Homes (NOBH) had a net profit margin of 16.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Nobility Homes (NOBH) paid $1.25 per share in dividends during fiscal year 2025.

Nobility Homes (NOBH) has a return on equity of 14.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Nobility Homes (NOBH) generated $4.0M in free cash flow during fiscal year 2025. This represents a -42.0% 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.

Nobility Homes (NOBH) generated $4.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Nobility Homes (NOBH) had $65.9M in total assets as of fiscal year 2025, including both current and long-term assets.

Nobility Homes (NOBH) invested $180K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Nobility Homes (NOBH) spent $420K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Nobility Homes (NOBH) had 3M shares outstanding as of fiscal year 2025.

Nobility Homes (NOBH) had a current ratio of 8.03 as of fiscal year 2025, which is generally considered healthy.

Nobility Homes (NOBH) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Nobility Homes (NOBH) had a return on assets of 12.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Nobility Homes (NOBH) has an Altman Z-Score of 12.27, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Nobility Homes (NOBH) has a Piotroski F-Score of 6 out of 8 computable signals; 1 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.

Nobility Homes (NOBH) has an earnings quality ratio of 0.49x, considered low quality (accrual-driven). 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.

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