Beazer Homes USA (BZH) Financials

$20.76 -0.44 (-2.08%)

Closing price 03:59 PM Eastern

Extended Trading

$20.68 -0.08 (-0.36%)

As of 06:39 PM Eastern

Annual Income Statements for Beazer Homes USA

This table shows Beazer Homes USA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	9/30/2022	9/30/2023	9/30/2024
Net Income / (Loss) Attributable to Common Shareholders	221	159	140
Consolidated Net Income / (Loss)	221	159	140
Net Income / (Loss) Continuing Operations	221	159	140
Total Pre-Tax Income	274	183	159
Total Operating Income	272	177	143
Total Gross Profit	538	443	424
Total Revenue	2,317	2,207	2,330
Operating Revenue	2,317	2,207	2,330
Total Cost of Revenue	1,779	1,764	1,906
Operating Cost of Revenue	1,779	1,764	1,906
Total Operating Expenses	265	265	281
Selling, General & Admin Expense	252	253	266
Depreciation Expense	13	12	15
Total Other Income / (Expense), net	1.50	5.39	16
Interest Expense	-0.31	0.55	0.44
Other Income / (Expense), net	1.19	5.94	16
Income Tax Expense	53	24	19
Net Income / (Loss) Discontinued Operations	-0.01	-0.08	0.00
Basic Earnings per Share	$7.25	$5.23	$4.59
Weighted Average Basic Shares Outstanding	30.43M	30.35M	30.55M
Diluted Earnings per Share	$7.17	$5.16	$4.53
Weighted Average Diluted Shares Outstanding	30.80M	30.75M	30.95M
Weighted Average Basic & Diluted Shares Outstanding	30.88M	31.32M	31.05M

This table shows Beazer Homes USA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	54	87	24	35	44	56	22	39	27	52	3.13
Consolidated Net Income / (Loss)	54	87	24	35	44	56	22	39	27	52	3.13
Net Income / (Loss) Continuing Operations	54	87	24	35	44	56	22	39	27	52	3.13
Total Pre-Tax Income	67	110	29	40	50	64	23	46	30	61	3.17
Total Operating Income	67	110	29	39	48	62	20	36	29	58	2.14
Total Gross Profit	132	188	86	103	117	137	78	102	103	141	72
Total Revenue	527	828	445	544	573	645	387	542	596	806	469
Operating Revenue	527	828	445	544	573	645	387	542	596	806	469
Total Cost of Revenue	394	640	359	441	456	508	309	440	492	665	397
Operating Cost of Revenue	394	640	359	441	456	508	309	440	492	665	397
Total Operating Expenses	65	78	57	64	69	75	57	66	75	83	70
Selling, General & Admin Expense	62	74	55	61	66	71	55	62	71	78	66
Depreciation Expense	3.19	4.26	2.51	3.02	2.91	3.76	2.23	3.57	3.89	5.17	4.06
Total Other Income / (Expense), net	0.22	0.72	0.06	1.01	2.16	2.17	2.64	9.92	1.14	2.36	1.03
Interest Expense	-0.09	-0.39	0.52	0.00	0.02	0.01	0.01	0.42	0.00	-	0.00
Other Income / (Expense), net	0.14	0.33	0.58	1.01	2.18	2.18	2.66	10	1.14	2.36	1.03
Income Tax Expense	13	24	4.16	5.09	6.24	8.47	1.18	6.74	2.45	8.54	0.04
Net Income / (Loss) Discontinued Operations	0.01	-0.01	-0.08	0.00	0.00	-	0.00	0.00	0.00	-0.00	0.00
Basic Earnings per Share	$1.78	$2.86	$0.81	$1.14	$1.44	$1.84	$0.71	$1.27	$0.89	$1.72	$0.10
Weighted Average Basic Shares Outstanding	30.51M	30.43M	30.22M	30.39M	30.40M	30.35M	30.60M	30.77M	30.51M	30.55M	30.43M
Diluted Earnings per Share	$1.76	$2.82	$0.80	$1.13	$1.42	$1.81	$0.70	$1.26	$0.88	$1.69	$0.10
Weighted Average Diluted Shares Outstanding	30.87M	30.80M	30.48M	30.61M	30.86M	30.75M	30.98M	31.13M	30.94M	30.95M	30.80M
Weighted Average Basic & Diluted Shares Outstanding	31.28M	30.88M	31.35M	31.35M	31.34M	31.32M	31.54M	31.55M	31.08M	31.05M	31.20M

This table details how cash moves in and out of Beazer Homes USA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	9/30/2022	9/30/2023	9/30/2024
Net Change in Cash & Equivalents	-22	134	-144
Net Cash From Operating Activities	81	178	-138
Net Cash From Continuing Operating Activities	81	178	-138
Net Income / (Loss) Continuing Operations	221	159	140
Consolidated Net Income / (Loss)	221	159	140
Depreciation Expense	13	12	15
Non-Cash Adjustments To Reconcile Net Income	11	9.58	0.81
Changes in Operating Assets and Liabilities, net	-164	-2.33	-293
Net Cash From Investing Activities	-15	-30	-30
Net Cash From Continuing Investing Activities	-15	-30	-30
Purchase of Property, Plant & Equipment	-15	-20	-22
Purchase of Investments	0.00	-9.78	-8.09
Sale of Property, Plant & Equipment	0.34	0.45	0.43
Other Investing Activities, net	0.00	-0.00	0.00
Net Cash From Financing Activities	-89	-14	24
Net Cash From Continuing Financing Activities	-89	-14	24
Repayment of Debt	-269	-12	-488
Repurchase of Common Equity	-8.15	0.00	-13
Issuance of Debt	195	0.00	530
Other Financing Activities, net	-6.63	-2.35	-5.35

This table details how cash moves in and out of Beazer Homes USA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-115	170	-95	123	37	71	-248	27	-57	134	-123
Net Cash From Operating Activities	-106	246	-87	127	56	82	-226	-14	-83	185	-159
Net Cash From Continuing Operating Activities	-106	246	-87	127	56	82	-226	-14	-83	185	-159
Net Income / (Loss) Continuing Operations	54	87	24	35	44	56	22	39	27	52	3.13
Consolidated Net Income / (Loss)	54	87	24	35	44	56	22	39	27	52	3.13
Depreciation Expense	3.19	4.26	2.51	3.02	2.91	3.76	2.23	3.57	3.89	5.17	4.06
Non-Cash Adjustments To Reconcile Net Income	1.80	3.53	3.58	1.76	2.24	2.00	1.59	-6.88	2.52	3.58	1.86
Changes in Operating Assets and Liabilities, net	-166	151	-117	88	6.61	21	-251	-50	-117	125	-168
Net Cash From Investing Activities	-4.90	-3.77	-3.23	-4.54	-14	-7.85	-13	-5.98	-5.11	-6.14	-5.67
Net Cash From Continuing Investing Activities	-4.90	-3.77	-3.23	-4.54	-14	-7.85	-13	-5.98	-5.11	-6.14	-5.67
Purchase of Property, Plant & Equipment	-5.00	-3.86	-3.25	-4.58	-6.30	-6.21	-5.54	-5.96	-5.19	-5.66	-5.22
Purchase of Investments	-	-	0.00	-	-7.84	-1.94	-7.33	-0.13	-0.08	-0.55	-0.50
Sale of Property, Plant & Equipment	0.10	0.08	0.02	0.04	0.09	0.30	0.10	0.10	0.16	0.08	0.05
Net Cash From Financing Activities	-4.17	-72	-5.17	-	-5.00	-3.75	-9.61	47	32	-45	42
Net Cash From Continuing Financing Activities	-4.17	-72	-5.17	-	-5.00	-3.75	-9.61	47	32	-45	42
Repayment of Debt	-82	-181	-2.58	-	-5.00	-4.00	-54	-268	-35	-130	-30
Issuance of Debt	-	115	0.00	-	-	-	50	315	80	85	75
Other Financing Activities, net	-0.01	-	-2.60	-	-0.01	0.25	-5.21	0.01	-0.02	-0.13	-3.11

This table presents Beazer Homes USA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	9/30/2022	9/30/2023	9/30/2024
Total Assets	2,252	2,411	2,592
Total Current Assets	2,035	2,188	2,349
Cash & Equivalents	215	346	204
Restricted Cash	37	41	39
Accounts Receivable	36	46	65
Inventories, net	1,738	1,756	2,041
Plant, Property, & Equipment, net	25	31	39
Total Noncurrent Assets	192	192	204
Goodwill	11	11	11
Noncurrent Deferred & Refundable Income Taxes	156	134	129
Other Noncurrent Operating Assets	24	46	64
Total Liabilities & Shareholders' Equity	2,252	2,411	2,592
Total Liabilities	1,313	1,308	1,359
Total Current Liabilities	144	154	314
Accounts Payable	144	154	164
Other Current Liabilities	-	-	150
Total Noncurrent Liabilities	1,169	1,154	1,045
Long-Term Debt	983	978	1,025
Capital Lease Obligations	11	19	20
Total Equity & Noncontrolling Interests	939	1,103	1,232
Total Preferred & Common Equity	939	1,103	1,232
Preferred Stock	0.00	0.00	0.00
Total Common Equity	939	1,103	1,232
Common Stock	860	865	854
Retained Earnings	79	238	378

This table presents Beazer Homes USA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	12/31/2022	3/31/2023	6/30/2023	12/31/2023	3/31/2024	6/30/2024	12/31/2024
Total Assets	2,218	2,186	2,268	2,319	2,389	2,515	2,595	2,601
Total Current Assets	1,976	1,970	2,050	2,091	2,157	2,277	2,347	2,354
Cash & Equivalents	42	121	241	276	104	133	73	80
Restricted Cash	40	36	38	40	34	33	35	39
Accounts Receivable	25	25	28	33	65	54	65	71
Inventories, net	1,859	1,779	1,742	1,742	1,954	2,057	2,172	2,164
Plant, Property, & Equipment, net	25	24	26	29	34	37	38	40
Total Noncurrent Assets	218	192	193	199	198	201	210	206
Goodwill	11	11	11	11	11	11	11	11
Noncurrent Deferred & Refundable Income Taxes	179	153	148	142	136	133	132	131
Other Noncurrent Operating Assets	26	28	34	46	51	57	66	64
Total Liabilities & Shareholders' Equity	2,218	2,186	2,268	2,319	2,389	2,515	2,595	2,601
Total Liabilities	1,362	1,224	1,269	1,274	1,268	1,354	1,416	1,366
Total Current Liabilities	146	107	267	137	155	169	189	152
Accounts Payable	146	107	125	137	155	169	189	152
Total Noncurrent Liabilities	1,216	1,117	1,002	1,137	1,114	1,185	1,227	1,215
Long-Term Debt	1,049	984	985	981	975	1,023	1,069	1,071
Capital Lease Obligations	12	10	17	18	18	18	21	20
Other Noncurrent Operating Liabilities	155	122	-	138	121	144	137	124
Total Equity & Noncontrolling Interests	856	963	999	1,045	1,121	1,162	1,178	1,234
Total Preferred & Common Equity	856	963	999	1,045	1,121	1,162	1,178	1,234
Preferred Stock	5.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	856	963	999	1,045	1,121	1,162	1,178	1,234
Common Stock	864	859	861	863	861	863	852	853
Retained Earnings	-7.42	104	138	182	260	299	326	381

This table displays calculated financial ratios and metrics derived from Beazer Homes USA's official financial filings.

Metric	2022	2023	2024
Period end date	9/30/2022	9/30/2023	9/30/2024
Growth Metrics	-	-	-
Revenue Growth	8.26%	-4.76%	5.59%
EBITDA Growth	79.71%	-31.93%	-10.75%
EBIT Growth	87.77%	-33.06%	-12.92%
NOPAT Growth	75.82%	-29.84%	-18.17%
Net Income Growth	80.87%	-28.13%	-11.62%
EPS Growth	78.80%	-28.03%	-12.21%
Operating Cash Flow Growth	156.11%	119.62%	-177.25%
Free Cash Flow Firm Growth	-84.30%	136.34%	-259.14%
Invested Capital Growth	11.07%	1.87%	18.74%
Revenue Q/Q Growth	11.38%	-7.63%	7.41%
EBITDA Q/Q Growth	27.95%	-19.15%	-1.26%
EBIT Q/Q Growth	29.24%	-20.00%	-2.23%
NOPAT Q/Q Growth	21.13%	-17.42%	-2.93%
Net Income Q/Q Growth	21.10%	-16.38%	-2.56%
EPS Q/Q Growth	20.91%	-16.37%	-2.58%
Operating Cash Flow Q/Q Growth	138.35%	-47.85%	42.87%
Free Cash Flow Firm Q/Q Growth	-58.79%	-58.20%	35.43%
Invested Capital Q/Q Growth	-8.32%	-0.83%	-5.80%
Profitability Metrics	-	-	-
Gross Margin	23.20%	20.06%	18.21%
EBITDA Margin	12.39%	8.85%	7.48%
Operating Margin	11.76%	8.03%	6.14%
EBIT Margin	11.81%	8.30%	6.85%
Profit (Net Income) Margin	9.53%	7.19%	6.02%
Tax Burden Percent	80.55%	86.84%	88.11%
Interest Burden Percent	100.11%	99.70%	99.73%
Effective Tax Rate	19.44%	13.12%	11.89%
Return on Invested Capital (ROIC)	13.73%	9.07%	6.72%
ROIC Less NNEP Spread (ROIC-NNEP)	13.89%	9.75%	8.73%
Return on Net Nonoperating Assets (RNNOA)	12.79%	6.46%	5.28%
Return on Equity (ROE)	26.52%	15.53%	12.01%
Cash Return on Invested Capital (CROIC)	3.25%	7.22%	-10.41%
Operating Return on Assets (OROA)	12.64%	7.86%	6.38%
Return on Assets (ROA)	10.19%	6.80%	5.60%
Return on Common Equity (ROCE)	26.52%	15.53%	12.01%
Return on Equity Simple (ROE_SIMPLE)	23.50%	14.38%	11.38%
Net Operating Profit after Tax (NOPAT)	220	154	126
NOPAT Margin	9.47%	6.98%	5.41%
Net Nonoperating Expense Percent (NNEP)	-0.16%	-0.68%	-2.00%
Cost of Revenue to Revenue	76.80%	79.94%	81.79%
SG&A Expenses to Revenue	10.86%	11.48%	11.43%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.44%	12.03%	12.07%
Earnings before Interest and Taxes (EBIT)	274	183	160
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	287	195	174
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.32	0.71	0.86
Price to Tangible Book Value (P/TBV)	0.33	0.72	0.87
Price to Revenue (P/Rev)	0.13	0.35	0.46
Price to Earnings (P/E)	1.37	4.92	7.58
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	72.98%	20.32%	13.20%
Enterprise Value to Invested Capital (EV/IC)	0.62	0.81	0.92
Enterprise Value to Revenue (EV/Rev)	0.45	0.63	0.80
Enterprise Value to EBITDA (EV/EBITDA)	3.64	7.12	10.69
Enterprise Value to EBIT (EV/EBIT)	3.82	7.60	11.69
Enterprise Value to NOPAT (EV/NOPAT)	4.76	9.03	14.80
Enterprise Value to Operating Cash Flow (EV/OCF)	12.89	7.81	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	20.15	11.35	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.06	0.90	0.85
Long-Term Debt to Equity	1.06	0.90	0.85
Financial Leverage	0.92	0.66	0.61
Leverage Ratio	2.60	2.28	2.14
Compound Leverage Factor	2.61	2.28	2.14
Debt to Total Capital	51.43%	47.48%	45.89%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	51.43%	47.48%	45.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	48.57%	52.52%	54.11%
Debt to EBITDA	3.47	5.10	5.99
Net Debt to EBITDA	2.59	3.13	4.60
Long-Term Debt to EBITDA	3.47	5.10	5.99
Debt to NOPAT	4.53	6.47	8.29
Net Debt to NOPAT	3.38	3.97	6.37
Long-Term Debt to NOPAT	4.53	6.47	8.29
Altman Z-Score	2.63	2.67	2.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	14.17	14.18	14.29
Quick Ratio	1.74	2.54	1.64
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	52	123	-195
Operating Cash Flow to CapEx	551.19%	895.25%	-627.34%
Free Cash Flow to Firm to Interest Expense	0.00	224.51	-446.40
Operating Cash Flow to Interest Expense	0.00	326.11	-314.75
Operating Cash Flow Less CapEx to Interest Expense	0.00	289.69	-364.92
Efficiency Ratios	-	-	-
Asset Turnover	1.07	0.95	0.93
Accounts Receivable Turnover	75.26	54.16	41.98
Inventory Turnover	1.10	1.01	1.00
Fixed Asset Turnover	97.66	79.22	66.79
Accounts Payable Turnover	12.85	11.84	11.96
Days Sales Outstanding (DSO)	4.85	6.74	8.70
Days Inventory Outstanding (DIO)	332.23	361.47	363.57
Days Payable Outstanding (DPO)	28.41	30.82	30.51
Cash Conversion Cycle (CCC)	308.67	337.39	341.75
Capital & Investment Metrics	-	-	-
Invested Capital	1,682	1,714	2,035
Invested Capital Turnover	1.45	1.30	1.24
Increase / (Decrease) in Invested Capital	168	31	321
Enterprise Value (EV)	1,045	1,391	1,865
Market Capitalization	302	781	1,062
Book Value per Share	$30.03	$35.19	$39.64
Tangible Book Value per Share	$29.67	$34.83	$39.27
Total Capital	1,934	2,100	2,277
Total Debt	995	997	1,045
Total Long-Term Debt	995	997	1,045
Net Debt	743	611	803
Capital Expenditures (CapEx)	15	20	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,640	1,648	1,942
Debt-free Net Working Capital (DFNWC)	1,892	2,034	2,184
Net Working Capital (NWC)	1,892	2,034	2,184
Net Nonoperating Expense (NNE)	-1.19	-4.61	-14
Net Nonoperating Obligations (NNO)	743	611	803
Total Depreciation and Amortization (D&A)	13	12	15
Debt-free, Cash-free Net Working Capital to Revenue	70.77%	74.66%	83.33%
Debt-free Net Working Capital to Revenue	81.64%	92.16%	93.74%
Net Working Capital to Revenue	81.64%	92.16%	93.74%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$7.25	$5.23	$4.59
Adjusted Weighted Average Basic Shares Outstanding	30.43M	30.35M	30.55M
Adjusted Diluted Earnings per Share	$7.17	$5.16	$4.53
Adjusted Weighted Average Diluted Shares Outstanding	30.80M	30.75M	30.95M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.88M	31.32M	31.05M
Normalized Net Operating Profit after Tax (NOPAT)	220	154	126
Normalized NOPAT Margin	9.47%	6.98%	5.41%
Pre Tax Income Margin	11.83%	8.28%	6.83%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	335.52	365.04
NOPAT to Interest Expense	0.00	282.06	288.39
EBIT Less CapEx to Interest Expense	0.00	299.09	314.87
NOPAT Less CapEx to Interest Expense	0.00	245.63	238.21
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	3.69%	0.00%	9.22%

This table displays calculated financial ratios and metrics derived from Beazer Homes USA's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.75%	40.06%	-2.03%	6.96%	8.71%	-22.02%	-13.06%	-0.44%	4.04%	24.91%	21.23%
EBITDA Growth	34.74%	121.54%	-28.59%	-26.10%	-24.92%	-40.51%	-20.37%	16.55%	-36.67%	-3.27%	-71.29%
EBIT Growth	38.40%	128.72%	-29.69%	-27.52%	-25.68%	-41.62%	-21.17%	16.42%	-40.77%	-5.66%	-86.19%
NOPAT Growth	43.51%	79.92%	-29.49%	-24.09%	-22.55%	-37.55%	-21.09%	-9.23%	-37.59%	-7.12%	-89.00%
Net Income Growth	46.29%	79.53%	-30.25%	-22.31%	-19.34%	-35.78%	-10.70%	12.86%	-37.90%	-6.62%	-85.59%
EPS Growth	44.26%	78.48%	-29.82%	-22.07%	-19.32%	-35.82%	-12.50%	11.50%	-38.03%	-6.63%	-85.71%
Operating Cash Flow Growth	-474.52%	623.78%	-11.52%	545.34%	152.23%	-66.52%	-159.95%	-111.01%	-250.11%	125.52%	29.35%
Free Cash Flow Firm Growth	21.96%	-132.11%	179.26%	-118.40%	12,162.74%	127.59%	-628.74%	-1,054.51%	-372.92%	-1,307.19%	-46.03%
Invested Capital Growth	3.11%	11.07%	-0.28%	3.52%	-5.82%	1.87%	9.73%	18.31%	25.00%	18.74%	11.63%
Revenue Q/Q Growth	3.57%	57.15%	-46.24%	22.25%	5.26%	12.73%	-40.07%	40.00%	10.00%	35.33%	-41.83%
EBITDA Q/Q Growth	21.78%	61.97%	-72.36%	35.54%	23.74%	28.34%	-63.01%	98.40%	-32.77%	96.04%	-89.02%
EBIT Q/Q Growth	22.69%	63.31%	-73.57%	36.87%	25.82%	28.28%	-64.32%	102.14%	-35.99%	104.34%	-94.78%
NOPAT Q/Q Growth	21.47%	59.37%	-71.77%	38.89%	23.94%	28.49%	-64.32%	59.77%	-14.79%	91.24%	-95.78%
Net Income Q/Q Growth	21.61%	59.82%	-71.98%	42.65%	26.25%	27.25%	-61.03%	80.28%	-30.54%	91.35%	-93.99%
EPS Q/Q Growth	21.38%	60.23%	-71.63%	41.25%	25.66%	27.46%	-61.33%	80.00%	-30.16%	92.05%	-94.08%
Operating Cash Flow Q/Q Growth	-640.33%	330.86%	-135.34%	246.40%	-56.27%	47.98%	-374.35%	93.80%	-496.20%	322.32%	-185.94%
Free Cash Flow Firm Q/Q Growth	-100.92%	-6,502.33%	136.24%	-183.59%	703.12%	-84.90%	-794.45%	-82.52%	-42.57%	33.20%	15.99%
Invested Capital Q/Q Growth	10.31%	-8.32%	7.04%	-4.37%	0.36%	-0.83%	15.30%	3.11%	6.03%	-5.80%	8.40%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.15%	22.70%	19.28%	18.92%	20.39%	21.27%	20.09%	18.81%	17.34%	17.54%	15.37%
EBITDA Margin	13.40%	13.81%	7.10%	7.87%	9.25%	10.54%	6.50%	9.22%	5.63%	8.16%	1.54%
Operating Margin	12.77%	13.25%	6.41%	7.13%	8.37%	9.62%	5.24%	6.65%	4.79%	7.23%	0.46%
EBIT Margin	12.79%	13.29%	6.54%	7.32%	8.75%	9.95%	5.93%	8.56%	4.98%	7.52%	0.68%
Profit (Net Income) Margin	10.31%	10.49%	5.47%	6.38%	7.65%	8.64%	5.62%	7.23%	4.57%	6.46%	0.67%
Tax Burden Percent	80.53%	78.63%	85.18%	87.21%	87.53%	86.81%	94.84%	85.32%	91.74%	85.91%	98.86%
Interest Burden Percent	100.13%	100.35%	98.23%	100.00%	99.96%	99.98%	99.94%	99.08%	100.00%	100.00%	100.00%
Effective Tax Rate	19.49%	21.36%	14.55%	12.79%	12.47%	13.19%	5.16%	14.68%	8.27%	14.09%	1.14%
Return on Invested Capital (ROIC)	11.83%	15.11%	7.01%	8.61%	9.82%	10.85%	5.65%	6.48%	4.90%	7.72%	0.52%
ROIC Less NNEP Spread (ROIC-NNEP)	11.85%	15.18%	7.00%	8.72%	10.05%	11.13%	5.95%	7.53%	5.03%	8.00%	0.63%
Return on Net Nonoperating Assets (RNNOA)	16.15%	13.98%	7.70%	7.67%	8.78%	7.38%	4.83%	5.57%	3.76%	4.84%	0.49%
Return on Equity (ROE)	27.98%	29.09%	14.70%	16.28%	18.61%	18.23%	10.49%	12.05%	8.67%	12.56%	1.01%
Cash Return on Invested Capital (CROIC)	6.97%	3.25%	11.89%	8.28%	16.46%	7.22%	-1.39%	-9.03%	-15.54%	-10.41%	-5.78%
Operating Return on Assets (OROA)	12.35%	14.23%	7.10%	7.74%	9.21%	9.42%	5.57%	7.68%	4.40%	7.00%	0.65%
Return on Assets (ROA)	9.95%	11.22%	5.94%	6.75%	8.06%	8.18%	5.28%	6.49%	4.03%	6.02%	0.65%
Return on Common Equity (ROCE)	27.98%	29.09%	14.70%	16.28%	18.61%	18.23%	10.49%	12.05%	8.67%	12.56%	1.01%
Return on Equity Simple (ROE_SIMPLE)	21.29%	0.00%	21.83%	20.04%	18.15%	0.00%	13.92%	13.82%	12.21%	0.00%	9.85%
Net Operating Profit after Tax (NOPAT)	54	86	24	34	42	54	19	31	26	50	2.11
NOPAT Margin	10.28%	10.42%	5.47%	6.22%	7.32%	8.35%	4.97%	5.67%	4.39%	6.21%	0.45%
Net Nonoperating Expense Percent (NNEP)	-0.02%	-0.07%	0.00%	-0.11%	-0.23%	-0.28%	-0.30%	-1.06%	-0.13%	-0.29%	-0.11%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	0.91%	-	-	-	0.09%
Cost of Revenue to Revenue	74.85%	77.30%	80.72%	81.08%	79.61%	78.73%	79.91%	81.19%	82.66%	82.46%	84.63%
SG&A Expenses to Revenue	11.78%	8.93%	12.31%	11.23%	11.52%	11.07%	14.28%	11.50%	11.90%	9.67%	14.05%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.38%	9.45%	12.87%	11.79%	12.02%	11.66%	14.86%	12.16%	12.55%	10.32%	14.91%
Earnings before Interest and Taxes (EBIT)	67	110	29	40	50	64	23	46	30	61	3.17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	71	114	32	43	53	68	25	50	34	66	7.22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.44	0.32	0.41	0.50	0.85	0.71	0.94	0.89	0.74	0.86	0.69
Price to Tangible Book Value (P/TBV)	0.45	0.33	0.41	0.50	0.86	0.72	0.95	0.90	0.74	0.87	0.70
Price to Revenue (P/Rev)	0.18	0.13	0.17	0.21	0.37	0.35	0.49	0.48	0.40	0.46	0.35
Price to Earnings (P/E)	2.08	1.37	1.88	2.49	4.68	4.92	6.79	6.45	6.03	7.58	7.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	48.00%	72.98%	53.33%	40.21%	21.39%	20.32%	14.73%	15.51%	16.60%	13.20%	14.26%
Enterprise Value to Invested Capital (EV/IC)	0.74	0.62	0.68	0.71	0.91	0.81	0.97	0.94	0.86	0.92	0.83
Enterprise Value to Revenue (EV/Rev)	0.66	0.45	0.53	0.52	0.66	0.63	0.89	0.89	0.85	0.80	0.76
Enterprise Value to EBITDA (EV/EBITDA)	6.08	3.64	4.49	4.71	6.50	7.12	10.13	9.74	10.47	10.69	11.66
Enterprise Value to EBIT (EV/EBIT)	6.44	3.82	4.71	4.96	6.86	7.60	10.81	10.41	11.33	11.69	13.05
Enterprise Value to NOPAT (EV/NOPAT)	7.52	4.76	5.89	6.14	8.42	9.03	12.84	13.11	14.24	14.80	16.74
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	12.89	17.08	6.80	4.60	7.81	48.75	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	10.83	20.15	5.74	8.71	5.35	11.35	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.24	1.06	1.03	1.00	0.96	0.90	0.89	0.90	0.93	0.85	0.88
Long-Term Debt to Equity	1.24	1.06	1.03	1.00	0.96	0.90	0.89	0.90	0.93	0.85	0.88
Financial Leverage	1.36	0.92	1.10	0.88	0.87	0.66	0.81	0.74	0.75	0.61	0.78
Leverage Ratio	2.82	2.60	2.47	2.46	2.39	2.28	2.20	2.21	2.21	2.14	2.12
Compound Leverage Factor	2.82	2.61	2.43	2.46	2.39	2.28	2.19	2.19	2.21	2.14	2.12
Debt to Total Capital	55.35%	51.43%	50.82%	50.07%	48.87%	47.48%	46.97%	47.26%	48.05%	45.89%	46.92%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	55.35%	51.43%	50.82%	50.07%	48.87%	47.48%	46.97%	47.26%	48.05%	45.89%	46.92%
Preferred Equity to Total Capital	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	44.65%	48.57%	49.18%	49.93%	51.13%	52.52%	53.03%	52.74%	51.95%	54.11%	53.08%
Debt to EBITDA	4.73	3.47	3.62	3.86	4.13	5.10	5.25	5.31	6.17	5.99	6.97
Net Debt to EBITDA	4.36	2.59	3.05	2.79	2.83	3.13	4.52	4.47	5.56	4.60	6.21
Long-Term Debt to EBITDA	4.73	3.47	3.62	3.86	4.13	5.10	5.25	5.31	6.17	5.99	6.97
Debt to NOPAT	5.86	4.53	4.75	5.04	5.36	6.47	6.67	7.15	8.40	8.29	10.01
Net Debt to NOPAT	5.40	3.38	4.00	3.64	3.66	3.97	5.74	6.01	7.56	6.37	8.91
Long-Term Debt to NOPAT	5.86	4.53	4.75	5.04	5.36	6.47	6.67	7.15	8.40	8.29	10.01
Altman Z-Score	2.19	2.39	2.38	2.36	2.64	2.51	2.59	2.54	2.42	2.66	2.53
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	13.54	14.17	18.44	7.67	15.28	14.18	13.95	13.50	12.42	14.29	15.52
Quick Ratio	0.46	1.74	1.36	1.01	2.26	2.54	1.10	1.11	0.73	1.64	1.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1.23	-81	29	-25	149	22	-156	-285	-406	-271	-228
Operating Cash Flow to CapEx	-2,171.34%	6,507.10%	-2,687.52%	2,796.57%	895.18%	1,391.29%	-4,140.66%	-238.78%	-1,657.55%	3,319.66%	-3,083.09%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	57.26	0.00	8,259.84	1,727.21	-11,994.59	-671.23	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	-168.50	0.00	3,086.89	6,325.00	-17,352.54	-33.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-174.77	0.00	2,742.06	5,870.38	-17,771.62	-46.81	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.97	1.07	1.09	1.06	1.05	0.95	0.94	0.90	0.88	0.93	0.97
Accounts Receivable Turnover	86.38	75.26	101.07	88.84	81.91	54.16	47.66	51.91	44.38	41.98	35.47
Inventory Turnover	0.99	1.10	1.06	1.07	1.05	1.01	0.92	0.90	0.89	1.00	0.97
Fixed Asset Turnover	88.47	97.66	98.44	96.21	88.65	79.22	73.53	68.82	64.70	66.79	64.98
Accounts Payable Turnover	10.73	12.85	16.09	13.46	13.41	11.84	13.11	11.65	10.74	11.96	13.02
Days Sales Outstanding (DSO)	4.23	4.85	3.61	4.11	4.46	6.74	7.66	7.03	8.22	8.70	10.29
Days Inventory Outstanding (DIO)	369.14	332.23	344.23	340.19	346.61	361.47	397.45	404.86	408.30	363.57	376.93
Days Payable Outstanding (DPO)	34.01	28.41	22.69	27.11	27.21	30.82	27.84	31.32	33.98	30.51	28.04
Cash Conversion Cycle (CCC)	339.36	308.67	325.16	317.18	323.86	337.39	377.27	380.57	382.55	341.75	359.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,835	1,682	1,800	1,722	1,728	1,714	1,976	2,037	2,160	2,035	2,205
Invested Capital Turnover	1.15	1.45	1.28	1.38	1.34	1.30	1.14	1.14	1.12	1.24	1.15
Increase / (Decrease) in Invested Capital	55	168	-5.14	58	-107	31	175	315	432	321	230
Enterprise Value (EV)	1,363	1,045	1,232	1,221	1,570	1,391	1,914	1,910	1,848	1,865	1,824
Market Capitalization	380	302	394	498	887	781	1,059	1,035	867	1,062	853
Book Value per Share	$27.22	$30.03	$31.17	$31.87	$33.33	$35.19	$36.64	$36.82	$37.35	$39.64	$39.74
Tangible Book Value per Share	$26.85	$29.67	$30.80	$31.51	$32.97	$34.83	$36.27	$36.46	$36.99	$39.27	$39.38
Total Capital	1,917	1,934	1,957	2,001	2,044	2,100	2,114	2,202	2,268	2,277	2,325
Total Debt	1,061	995	995	1,002	999	997	993	1,041	1,090	1,045	1,091
Total Long-Term Debt	1,061	995	995	1,002	999	997	993	1,041	1,090	1,045	1,091
Net Debt	979	743	838	723	683	611	855	875	982	803	971
Capital Expenditures (CapEx)	4.90	3.77	3.23	4.54	6.21	5.91	5.45	5.86	5.03	5.59	5.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,748	1,640	1,707	1,504	1,638	1,648	1,864	1,943	2,049	1,942	2,083
Debt-free Net Working Capital (DFNWC)	1,830	1,892	1,864	1,783	1,954	2,034	2,003	2,109	2,158	2,184	2,203
Net Working Capital (NWC)	1,830	1,892	1,864	1,783	1,954	2,034	2,003	2,109	2,158	2,184	2,203
Net Nonoperating Expense (NNE)	-0.19	-0.55	0.02	-0.88	-1.89	-1.88	-2.51	-8.46	-1.04	-2.03	-1.02
Net Nonoperating Obligations (NNO)	979	743	838	723	683	611	855	875	982	803	971
Total Depreciation and Amortization (D&A)	3.19	4.26	2.51	3.02	2.91	3.76	2.23	3.57	3.89	5.17	4.06
Debt-free, Cash-free Net Working Capital to Revenue	84.03%	70.77%	73.96%	64.17%	68.56%	74.66%	86.76%	90.54%	94.46%	83.33%	86.35%
Debt-free Net Working Capital to Revenue	87.96%	81.64%	80.75%	76.08%	81.78%	92.16%	93.20%	98.25%	99.46%	93.74%	91.30%
Net Working Capital to Revenue	87.96%	81.64%	80.75%	76.08%	81.78%	92.16%	93.20%	98.25%	99.46%	93.74%	91.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.78	$2.86	$0.81	$1.14	$1.44	$1.84	$0.71	$1.27	$0.89	$1.72	$0.10
Adjusted Weighted Average Basic Shares Outstanding	30.51M	30.43M	30.22M	30.39M	30.40M	30.35M	30.60M	30.77M	30.51M	30.55M	30.43M
Adjusted Diluted Earnings per Share	$1.76	$2.82	$0.80	$1.13	$1.42	$1.81	$0.70	$1.26	$0.88	$1.69	$0.10
Adjusted Weighted Average Diluted Shares Outstanding	30.87M	30.80M	30.48M	30.61M	30.86M	30.75M	30.98M	31.13M	30.94M	30.95M	30.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.28M	30.88M	31.35M	31.35M	31.34M	31.32M	31.54M	31.55M	31.08M	31.05M	31.20M
Normalized Net Operating Profit after Tax (NOPAT)	54	86	24	34	42	54	19	31	26	50	2.11
Normalized NOPAT Margin	10.28%	10.42%	5.47%	6.22%	7.32%	8.35%	4.97%	5.67%	4.39%	6.21%	0.45%
Pre Tax Income Margin	12.81%	13.34%	6.42%	7.32%	8.74%	9.95%	5.92%	8.48%	4.98%	7.52%	0.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	56.46	0.00	2,782.00	4,941.46	1,763.23	109.28	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	47.29	0.00	2,329.34	4,144.21	1,478.48	72.42	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	50.19	0.00	2,437.17	4,486.85	1,344.15	95.46	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	41.02	0.00	1,984.50	3,689.60	1,059.41	58.61	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	1.39%	3.69%	0.00%	0.00%	2.97%	0.00%	0.00%	0.00%	8.99%	9.22%	0.00%

Frequently Asked Questions About Beazer Homes USA's Financials

When does Beazer Homes USA's fiscal year end?

According to the most recent income statement we have on file, Beazer Homes USA's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has Beazer Homes USA's net income changed over the last 2 years?

Beazer Homes USA's net income appears to be on a downward trend, with a most recent value of $140.18 million in 2024, falling from $220.70 million in 2022. The previous period was $158.61 million in 2023. View Beazer Homes USA's forecast to see where analysts expect Beazer Homes USA to go next.

What is Beazer Homes USA's operating income?

Beazer Homes USA's total operating income in 2024 was $143.03 million, based on the following breakdown:

Total Gross Profit: $424.29 million
Total Operating Expenses: $281.27 million

How has Beazer Homes USA revenue changed over the last 2 years?

Over the last 2 years, Beazer Homes USA's total revenue changed from $2.32 billion in 2022 to $2.33 billion in 2024, a change of 0.6%.

How much debt does Beazer Homes USA have?

Beazer Homes USA's total liabilities were at $1.36 billion at the end of 2024, a 3.9% increase from 2023, and a 3.6% increase since 2022.

How much cash does Beazer Homes USA have?

In the past 2 years, Beazer Homes USA's cash and equivalents has ranged from $203.91 million in 2024 to $345.59 million in 2023, and is currently $203.91 million as of their latest financial filing in 2024.

How has Beazer Homes USA's book value per share changed over the last 2 years?

Over the last 2 years, Beazer Homes USA's book value per share changed from 30.03 in 2022 to 39.64 in 2024, a change of 32.0%.

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This page (NYSE:BZH) was last updated on 5/6/2025 by MarketBeat.com Staff

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Beazer Homes USA (BZH) Financials

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Beazer Homes USA (BZH) Financials

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