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Hovnanian Enterprises (HOV) Financials

Hovnanian Enterprises logo
$96.76 +0.60 (+0.62%)
Closing price 05/18/2026 03:59 PM Eastern
Extended Trading
$97.50 +0.74 (+0.77%)
As of 07:03 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for Hovnanian Enterprises

Annual Income Statements for Hovnanian Enterprises

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 10/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-16 -2.82 -155 211 138 299 763 257 236 281 109
Consolidated Net Income / (Loss)
-16 -2.82 -332 4.52 -42 51 608 225 206 242 64
Net Income / (Loss) Continuing Operations
-16 -2.82 -155 211 138 299 763 268 247 292 120
Total Pre-Tax Income
-22 2.44 -45 8.15 -40 55 190 320 256 317 86
Total Operating Income
72 6.78 139 95 64 169 262 387 333 344 164
Total Gross Profit
335 392 384 360 335 412 585 686 621 640 477
Total Revenue
2,148 2,752 2,452 1,991 2,017 2,344 2,783 2,922 2,756 3,005 2,979
Operating Revenue
2,148 2,752 2,452 1,991 2,017 2,344 2,783 2,922 2,756 3,005 2,979
Total Cost of Revenue
1,814 2,360 2,068 1,631 1,682 1,932 2,198 2,236 2,135 2,365 2,502
Operating Cost of Revenue
1,814 2,360 2,050 1,631 1,682 1,932 2,198 2,236 2,135 2,365 2,502
Total Operating Expenses
263 385 245 266 271 243 322 299 288 296 312
Selling, General & Admin Expense
251 253 256 229 233 242 277 296 305 342 350
Other Operating Expenses / (Income)
- 96 -63 37 38 1.10 46 2.42 -17 -46 -37
Total Other Income / (Expense), net
-94 -4.35 -7.05 120 77 134 83 -25 -37 23 -22
Interest Expense
92 - - -96 -48 -117 -74 54 80 29 69
Interest & Investment Income
4.17 -4.35 -7.05 24 29 17 8.85 29 43 52 46
Income Tax Expense
-5.67 5.26 287 3.63 2.45 4.48 -418 94 50 75 22
Preferred Stock Dividends Declared
- - - - - 0.00 0.00 11 11 11 11
Basic Earnings per Share
($0.11) ($0.02) ($56.23) - ($7.06) $7.48 $87.50 $30.31 $28.76 $34.40 $7.95
Weighted Average Basic Shares Outstanding
146.90M 147.45M 5.91M 5.94M 5.97M 6.19M 6.29M 6.44M 6.23M 6.48M 6.45M
Diluted Earnings per Share
($0.11) ($0.02) ($56.23) $0.72 ($7.06) $7.03 $85.86 $29.00 $26.88 $31.79 $7.43
Weighted Average Diluted Shares Outstanding
146.90M 147.45M 5.91M 6.07M 5.97M 6.58M 6.40M 6.73M 6.67M 7.01M 6.89M
Weighted Average Basic & Diluted Shares Outstanding
146.52M 147.30M 147.59M 148.39M 6.13M 6.14M 6.25M 5.96M 6.10M 6.06M 5.95M

Quarterly Income Statements for Hovnanian Enterprises

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026
Net Income / (Loss) Attributable to Common Shareholders
63 106 33 60 83 106 39 30 29 12 31
Consolidated Net Income / (Loss)
56 97 24 51 73 94 28 20 17 -0.67 21
Net Income / (Loss) Continuing Operations
66 108 35 63 85 108 42 33 31 14 34
Total Pre-Tax Income
70 121 33 69 97 118 40 27 24 -4.11 29
Total Operating Income
90 143 38 79 105 122 54 39 30 41 51
Total Gross Profit
146 224 125 155 150 210 121 120 121 115 106
Total Revenue
650 887 594 708 723 980 674 686 801 818 632
Operating Revenue
650 887 594 708 723 980 674 686 801 818 632
Total Cost of Revenue
504 663 469 553 573 769 553 566 679 703 526
Operating Cost of Revenue
504 663 469 553 573 769 553 566 679 703 526
Total Operating Expenses
56 81 87 76 45 89 67 81 91 74 55
Selling, General & Admin Expense
75 81 86 79 89 88 87 81 91 92 84
Other Operating Expenses / (Income)
-19 0.50 0.55 -3.13 -45 1.08 -21 0.50 0.46 -18 -31
Impairment Charge
- - - - - - 1.04 - - - 2.36
Total Other Income / (Expense), net
-9.18 -10 5.87 2.20 4.44 10 -0.31 0.30 8.36 -30 -8.72
Interest Expense
18 33 9.08 8.97 6.26 5.07 9.52 8.75 7.15 43 12
Interest & Investment Income
8.40 22 15 11 11 15 9.21 9.04 16 13 3.44
Income Tax Expense
15 24 8.66 19 24 24 12 6.80 7.19 -3.44 7.84
Preferred Stock Dividends Declared
2.67 2.67 2.67 2.67 2.67 2.67 2.67 2.67 2.67 2.67 2.67
Basic Earnings per Share
$7.92 $13.79 $3.11 $7.12 $10.61 $13.56 $3.88 $2.64 $2.14 ($0.71) $2.80
Weighted Average Basic Shares Outstanding
6.25M 6.23M 6.50M 6.46M 6.47M 6.48M 6.52M 6.41M 6.40M 6.45M 6.49M
Diluted Earnings per Share
$7.38 $12.77 $2.91 $6.66 $9.75 $12.47 $3.58 $2.43 $1.99 ($0.57) $2.62
Weighted Average Diluted Shares Outstanding
6.71M 6.67M 6.94M 6.90M 7.05M 7.01M 7.07M 6.95M 6.89M 6.89M 6.95M
Weighted Average Basic & Diluted Shares Outstanding
6.09M 6.10M 6.10M 5.99M 6.05M 6.06M 5.92M 5.80M 5.89M 5.95M 5.94M

Annual Cash Flow Statements for Hovnanian Enterprises

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 10/31/2025
Net Change in Cash & Equivalents
-8.15 89 182 -261 -51 127 1.94 71 95 -211 52
Net Cash From Operating Activities
-321 387 302 -67 -249 293 210 89 435 24 188
Net Cash From Continuing Operating Activities
-321 387 302 -67 -249 293 210 89 435 24 188
Net Income / (Loss) Continuing Operations
-16 -2.82 -332 4.52 -42 51 608 225 206 242 64
Consolidated Net Income / (Loss)
-16 -2.82 -332 4.52 -42 51 608 225 206 242 64
Depreciation Expense
3.39 3.57 4.25 3.16 4.17 5.30 5.28 5.46 8.80 7.73 14
Amortization Expense
12 13 14 8.82 8.13 1.89 0.24 0.38 1.65 -1.04 -1.38
Non-Cash Adjustments To Reconcile Net Income
-1,018 -1,230 95 -11 15 79 -30 46 -22 -78 43
Changes in Operating Assets and Liabilities, net
699 1,604 521 -72 -234 156 -373 -188 241 -147 69
Net Cash From Investing Activities
2.47 -52 -30 36 -8.31 2.14 9.00 -2.15 -78 -46 -66
Net Cash From Continuing Investing Activities
7.02 -52 -30 36 -8.31 2.14 9.00 -2.15 -78 -46 -66
Purchase of Property, Plant & Equipment
-2.05 -8.01 -6.48 -5.19 -4.01 -3.38 -5.94 -13 -19 -18 -22
Acquisitions
-19 -50 -37 -26 -13 - - 0.04 -78 -34 -50
Sale of Property, Plant & Equipment
1.57 0.76 0.27 38 0.03 0.11 0.03 0.06 1.96 1.42 1.81
Sale and/or Maturity of Investments
17 5.26 13 29 8.93 25 31 10 16 4.40 4.50
Net Cash From Financing Activities
310 -246 -148 -229 207 -168 -217 -17 -262 -188 -70
Net Cash From Continuing Financing Activities
310 -246 -90 -229 207 -168 -217 -17 -262 -188 -70
Repayment of Debt
-215 -645 -1,095 -578 -752 -548 -398 -533 -1,149 -489 -1,163
Repurchase of Common Equity
- - - - - 0.00 0.00 -12 -4.80 -27 -30
Payment of Dividends
- - - - 0.00 0.00 0.00 -11 -11 -11 -11
Issuance of Debt
509 351 1,008 376 880 390 250 398 982 322 1,028
Other Financing Activities, net
16 48 -3.50 -28 79 -10 -70 141 -79 17 106
Cash Interest Paid
86 102 90 112 109 89 87 45 63 48 45
Cash Income Taxes Paid
1.78 -1.39 1.09 2.52 3.48 3.01 7.67 14 9.41 9.69 16

Quarterly Cash Flow Statements for Hovnanian Enterprises

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026
Net Change in Cash & Equivalents
-3.34 110 -239 -7.20 -47 83 -123 -25 76 124 59
Net Cash From Operating Activities
226 144 -89 89 -92 116 -56 22 53 169 141
Net Cash From Continuing Operating Activities
226 144 -89 89 -92 116 -56 22 53 169 141
Net Income / (Loss) Continuing Operations
56 97 24 51 73 94 28 20 17 -0.67 21
Consolidated Net Income / (Loss)
56 97 24 51 73 94 28 20 17 -0.67 21
Depreciation Expense
1.30 1.58 1.60 2.01 2.07 2.05 2.30 3.02 3.19 5.35 3.27
Amortization Expense
0.84 0.08 0.21 0.36 -0.94 -0.68 -0.77 -0.61 -0.39 0.40 2.37
Non-Cash Adjustments To Reconcile Net Income
-10 -41 20 -2.25 -94 -2.24 6.50 -3.72 -4.46 44 -5.45
Changes in Operating Assets and Liabilities, net
178 85 -135 38 -72 22 -92 3.89 38 120 120
Net Cash From Investing Activities
-58 0.18 -4.12 -33 -3.10 -6.18 -25 -7.88 -28 -5.37 -29
Net Cash From Continuing Investing Activities
-58 0.18 -4.12 -33 -3.10 -6.18 -25 -7.88 -28 -5.37 -29
Purchase of Property, Plant & Equipment
-5.03 -5.62 -5.44 -4.44 -3.55 -4.42 -3.69 -6.32 -7.01 -5.09 -8.77
Acquisitions
- 0.74 0.00 - - - -26 -2.80 -21 -0.64 -20
Sale of Property, Plant & Equipment
0.37 1.50 0.04 0.96 -0.05 0.47 0.88 0.64 0.00 0.28 0.03
Sale and/or Maturity of Investments
5.23 3.56 1.28 2.89 0.19 0.05 3.83 0.60 - 0.08 0.00
Net Cash From Financing Activities
-171 -34 -146 -63 48 -27 -42 -39 51 -40 -53
Net Cash From Continuing Financing Activities
-171 -34 -146 -63 48 -27 -42 -39 51 -40 -53
Repayment of Debt
-177 -775 -213 -90 -64 -123 -96 -89 -37 -942 -52
Repurchase of Common Equity
- - 0.00 -15 -11 0.01 -18 -12 0.09 0.06 -9.00
Payment of Dividends
-2.67 -2.67 -2.67 -2.67 -2.67 -2.67 -2.67 -2.67 -2.67 -2.67 -2.67
Issuance of Debt
64 766 79 72 76 94 58 47 26 896 20
Other Financing Activities, net
-55 -22 -9.80 -28 50 4.96 17 17 65 8.26 -9.53

Annual Balance Sheets for Hovnanian Enterprises

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 10/31/2025
Total Assets
2,602 2,355 1,901 1,662 1,881 1,827 2,321 2,562 2,493 2,606 2,634
Total Current Assets
2,353 625 656 1,385 1,565 508 1,596 705 1,862 1,945 708
Cash & Equivalents
534 347 469 195 182 267 246 333 434 210 273
Restricted Cash
27 23 24 38 0.00 - - - 8.43 7.88 13
Inventories, net
1,645 209 125 1,078 1,292 182 1,254 309 1,349 1,645 333
Prepaid Expenses
78 47 37 39 46 59 56 64 70 83 90
Plant, Property, & Equipment, net
46 50 53 20 40 18 0.00 26 34 43 51
Total Noncurrent Assets
125 1,907 1,183 247 254 1,375 503 2,026 2,619 2,778 4,461
Long-Term Investments
122 101 115 247 254 103 61 75 98 143 163
Noncurrent Note & Lease Receivables
- 50 58 - - 34 - 38 28 29 26
Goodwill
- - - - - - - - - - 0.00
Noncurrent Deferred & Refundable Income Taxes
- 284 - - - 0.00 426 345 2,493 2,606 2,634
Other Noncurrent Operating Assets
2.09 1,473 1,010 - - 1,238 16 1,569 - - 1,637
Total Liabilities & Shareholders' Equity
2,602 2,355 1,901 2,597 1,881 1,827 2,321 2,562 2,493 2,606 2,634
Total Liabilities
2,730 2,483 2,361 2,116 2,371 2,263 2,145 2,179 1,911 1,805 1,803
Total Current Liabilities
568 407 371 338 518 363 493 443 0.00 0.00 0.00
Total Noncurrent Liabilities
2,163 1,754 1,757 2,713 1,853 1,781 1,652 1,600 1,911 1,805 1,803
Other Noncurrent Operating Liabilities
- - - - 169 215 279 309 1,911 1,805 1,803
Total Equity & Noncontrolling Interests
-128 -129 -460 -454 -490 -436 175 383 582 800 831
Total Preferred & Common Equity
-128 -129 -460 -454 -490 -437 175 383 582 800 831
Preferred Stock
135 135 135 135 135 135 135 135 135 135 135
Total Common Equity
-263 -264 -596 -589 -626 -572 40 248 446 665 696
Common Stock
705 708 708 710 716 718 722 728 736 750 757
Retained Earnings
-853 -856 -1,188 -1,184 -1,226 -1,175 -567 -352 -157 74 127
Treasury Stock
-115 -115 -115 -115 -115 -115 -115 -128 -132 -159 -189
Noncontrolling Interest
- - - 0.00 0.69 0.84 0.49 0.02 0.05 - 0.00

Quarterly Balance Sheets for Hovnanian Enterprises

This table presents Hovnanian Enterprises' 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 Q2 2025 Q3 2025 Q1 2026
Period end date 7/31/2022 1/31/2023 4/30/2023 7/31/2023 1/31/2024 4/30/2024 7/31/2024 1/31/2025 4/30/2025 7/31/2025 1/31/2026
Total Assets
2,538 415 2,484 2,394 2,340 2,318 2,541 2,533 2,553 2,629 2,735
Total Current Assets
1,920 40 695 639 1,723 1,680 1,861 1,848 435 572 789
Cash & Equivalents
225 0.00 337 329 183 182 122 94 74 147 340
Restricted Cash
- 40 - - 8.37 8.37 9.62 8.45 9.03 12 9.66
Inventories, net
1,585 0.00 301 251 1,464 1,417 1,650 1,666 268 330 324
Prepaid Expenses
64 0.00 57 59 68 73 79 79 84 84 115
Plant, Property, & Equipment, net
23 28 28 31 37 40 41 45 48 52 57
Total Noncurrent Assets
467 347 1,978 1,892 2,475 2,493 2,715 2,780 4,505 4,570 4,601
Long-Term Investments
75 0.00 86 85 111 151 126 173 183 218 147
Noncurrent Note & Lease Receivables
- - 37 33 24 25 48 74 25 29 40
Goodwill
- - - - - - - - - - 32
Noncurrent Deferred & Refundable Income Taxes
377 347 337 325 2,340 2,318 2,541 2,533 2,553 2,629 2,735
Other Noncurrent Operating Assets
16 - 1,519 1,449 - - - - 1,744 1,693 1,648
Total Liabilities & Shareholders' Equity
2,538 1,598 2,484 2,394 2,340 2,318 2,541 2,533 2,553 2,629 2,735
Total Liabilities
2,199 1,202 2,054 1,911 1,733 1,671 1,837 1,722 1,733 1,794 1,897
Total Current Liabilities
607 57 377 382 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Liabilities
1,591 1,145 1,586 1,435 1,733 1,671 1,837 1,722 1,733 1,794 1,897
Other Noncurrent Operating Liabilities
256 - 308 261 1,733 1,671 1,837 1,722 1,733 1,794 1,897
Total Equity & Noncontrolling Interests
339 396 429 483 607 647 703 811 820 835 838
Total Preferred & Common Equity
338 396 429 482 607 647 703 811 820 835 836
Preferred Stock
135 135 135 135 135 135 135 135 135 135 135
Total Common Equity
203 260 294 347 472 512 568 676 685 700 700
Common Stock
724 729 731 731 740 747 745 753 758 759 753
Retained Earnings
-405 -336 -305 -252 -136 -88 -18 100 117 131 146
Treasury Stock
-115 -132 -132 -132 -132 -148 -159 -177 -189 -189 -198
Noncontrolling Interest
0.32 0.02 0.03 0.04 0.00 0.00 0.00 - - - 1.90

Annual Metrics And Ratios for Hovnanian Enterprises

This table displays calculated financial ratios and metrics derived from Hovnanian Enterprises' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 10/31/2015 10/31/2016 10/31/2017 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 10/31/2023 10/31/2024 10/31/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
4.12% 28.10% -10.92% -18.78% 1.29% 16.21% 18.73% 5.01% -5.69% 9.03% -0.88%
EBITDA Growth
-29.31% -71.38% 576.20% -31.77% -28.74% 131.73% 51.79% 46.68% -12.57% 2.08% -49.64%
EBIT Growth
-34.63% -89.71% 1,943.62% -31.50% -32.71% 165.08% 54.98% 47.55% -13.95% 3.28% -52.29%
NOPAT Growth
-96.86% -115.59% 1,336.17% -45.70% -15.11% 248.09% 439.74% -67.50% -1.85% -2.01% -53.62%
Net Income Growth
-105.24% 82.49% -11,684.07% 101.36% -1,031.79% 220.92% 1,093.48% -62.90% -8.69% 17.54% -73.61%
EPS Growth
-105.88% 81.82% -11,684.07% 101.36% -1,080.56% 199.58% 1,121.34% -66.22% -7.31% 18.27% -76.63%
Operating Cash Flow Growth
-68.18% 220.73% -22.07% -122.16% -272.82% 217.54% -28.21% -57.44% 386.53% -94.57% 696.44%
Free Cash Flow Firm Growth
-89.52% -293.79% 322.16% -85.43% -4.22% -133.80% 1,937.24% -139.36% 35.15% -39.53% 131.69%
Invested Capital Growth
-10.66% 29.96% -46.56% -8.47% -9.55% 26.19% 7.13% 56.55% 29.12% 26.07% 1.33%
Revenue Q/Q Growth
-0.24% 4.24% -3.29% -5.09% -24.45% 44.46% 41.90% -17.46% 0.01% 3.18% -5.15%
EBITDA Q/Q Growth
111.28% -80.42% 489.85% -48.71% 25.67% -13.82% 158.42% -60.62% 12.24% 5.76% -30.04%
EBIT Q/Q Growth
108.99% -93.41% 1,774.21% -51.74% 33.31% -13.55% 156.46% -61.02% 12.82% 5.97% -32.83%
NOPAT Q/Q Growth
109.34% -242.70% 1,774.21% -61.74% 52.68% 56.87% 146.76% -62.20% 24.88% 5.87% -34.74%
Net Income Q/Q Growth
-105.73% -785.89% -3.25% 115.16% -817.74% 500.07% 1.99% 1.42% 25.35% -1.19% -59.80%
EPS Q/Q Growth
-106.47% -100.72% -3.25% 115.16% -115.16% -80.69% 287.45% -0.07% 29.04% -0.93% -63.70%
Operating Cash Flow Q/Q Growth
-21.54% 87.23% -10.75% -212.22% -9.12% 45.13% 15.33% -9.94% 6.25% -54.09% 39.44%
Free Cash Flow Firm Q/Q Growth
123.74% -15.56% 60.75% -96.29% 103.65% -110.65% 135.51% -136.96% -349.02% 64.19% 127.73%
Invested Capital Q/Q Growth
-5.61% -2.14% -23.64% 138.43% -40.29% -1.67% -24.24% 28.13% 37.02% 3.13% -12.82%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
15.59% 14.25% 15.64% 18.10% 16.62% 17.59% 21.02% 23.47% 22.53% 21.30% 16.00%
EBITDA Margin
3.77% 0.84% 6.39% 5.37% 3.78% 7.53% 9.63% 13.45% 12.47% 11.68% 5.93%
Operating Margin
3.35% 0.25% 5.65% 4.77% 3.17% 7.23% 9.43% 13.25% 12.09% 11.45% 5.51%
EBIT Margin
3.07% 0.25% 5.65% 4.77% 3.17% 7.23% 9.43% 13.25% 12.09% 11.45% 5.51%
Profit (Net Income) Margin
-0.75% -0.10% -13.55% 0.23% -2.09% 2.17% 21.84% 7.72% 7.47% 8.05% 2.14%
Tax Burden Percent
73.97% -115.72% 734.23% 55.49% 106.17% 91.92% 320.14% 70.52% 80.44% 76.32% 74.19%
Interest Burden Percent
-33.03% 35.92% -32.64% 8.58% -62.09% 32.71% 72.33% 82.56% 76.81% 92.14% 52.43%
Effective Tax Rate
0.00% 215.72% 0.00% 44.51% 0.00% 8.08% -220.14% 29.48% 19.56% 23.68% 25.81%
Return on Invested Capital (ROIC)
3.62% -0.52% 7.41% 6.03% 5.63% 18.24% 85.18% 20.86% 14.65% 11.27% 4.65%
ROIC Less NNEP Spread (ROIC-NNEP)
-0.77% -0.21% -19.36% 2.41% -1.23% 10.28% 64.36% 16.24% 10.03% 10.01% 1.44%
Return on Net Nonoperating Assets (RNNOA)
9.48% 2.72% 105.41% -7.02% 3.30% -29.24% -551.46% 59.89% 28.03% 23.75% 3.18%
Return on Equity (ROE)
13.10% 2.20% 112.82% -0.99% 8.93% -11.00% -466.28% 80.76% 42.68% 35.02% 7.83%
Cash Return on Invested Capital (CROIC)
14.88% -26.58% 68.10% 14.87% 15.65% -4.92% 78.29% -23.22% -10.77% -11.80% 3.33%
Operating Return on Assets (OROA)
2.69% 0.27% 6.51% 5.33% 3.61% 9.13% 12.66% 15.86% 13.18% 13.50% 6.27%
Return on Assets (ROA)
-0.66% -0.11% -15.61% 0.25% -2.38% 2.75% 29.31% 9.24% 8.15% 9.49% 2.44%
Return on Common Equity (ROCE)
27.51% 4.51% 164.66% -1.28% 11.50% -14.23% -952.61% 41.55% 30.71% 28.16% 6.53%
Return on Equity Simple (ROE_SIMPLE)
12.57% 2.19% 72.16% -1.00% 8.59% -11.66% 347.53% 58.87% 35.39% 30.24% 0.00%
Net Operating Profit after Tax (NOPAT)
50 -7.85 97 53 45 156 840 273 268 263 122
NOPAT Margin
2.34% -0.29% 3.96% 2.65% 2.22% 6.64% 30.20% 9.35% 9.73% 8.74% 4.09%
Net Nonoperating Expense Percent (NNEP)
4.39% -0.31% 26.77% 3.62% 6.86% 7.96% 20.81% 4.62% 4.61% 1.26% 3.22%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 16.31% 46.07% 32.82% 14.66%
Cost of Revenue to Revenue
84.41% 85.75% 84.36% 81.90% 83.38% 82.41% 78.98% 76.53% 77.47% 78.70% 84.00%
SG&A Expenses to Revenue
11.68% 9.20% 10.43% 11.49% 11.56% 10.32% 9.94% 10.13% 11.06% 11.39% 11.75%
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
12.24% 14.01% 9.99% 13.34% 13.45% 10.36% 11.59% 10.22% 10.44% 9.85% 10.49%
Earnings before Interest and Taxes (EBIT)
66 6.78 139 95 64 169 262 387 333 344 164
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
81 23 157 107 76 177 268 393 344 351 177
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 0.00 0.00 13.31 1.04 0.95 1.60 1.02
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 13.31 1.04 0.95 1.60 1.02
Price to Revenue (P/Rev)
0.14 0.08 0.15 0.11 0.07 0.08 0.19 0.09 0.15 0.35 0.24
Price to Earnings (P/E)
0.00 0.00 0.00 1.03 1.08 0.65 0.69 1.00 1.79 3.79 6.49
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
0.00% 0.00% 0.00% 97.45% 92.51% 153.07% 144.82% 99.74% 55.72% 26.39% 15.41%
Enterprise Value to Invested Capital (EV/IC)
1.46 0.97 1.80 3.10 2.03 1.60 1.69 0.80 0.01 0.32 0.15
Enterprise Value to Revenue (EV/Rev)
0.89 0.60 0.67 1.30 0.76 0.65 0.62 0.44 0.01 0.28 0.13
Enterprise Value to EBITDA (EV/EBITDA)
23.68 71.15 10.47 24.17 20.11 8.65 6.45 3.25 0.05 2.40 2.23
Enterprise Value to EBIT (EV/EBIT)
29.10 243.16 11.84 27.22 23.98 9.02 6.59 3.30 0.06 2.44 2.40
Enterprise Value to NOPAT (EV/NOPAT)
38.10 0.00 16.91 49.05 34.26 9.81 2.06 4.68 0.07 3.20 3.24
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 4.26 5.44 0.00 0.00 5.21 8.23 14.27 0.04 35.55 2.10
Enterprise Value to Free Cash Flow (EV/FCFF)
9.26 0.00 1.84 19.90 12.32 0.00 2.24 0.00 0.00 0.00 4.53
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
-16.89 -13.65 -3.82 -5.98 -3.44 -3.59 7.83 3.37 0.00 0.00 0.00
Long-Term Debt to Equity
-16.89 -13.65 -3.82 -5.98 -3.44 -3.59 7.83 3.37 0.00 0.00 0.00
Financial Leverage
-12.31 -12.76 -5.44 -2.91 -2.68 -2.84 -8.57 3.69 2.79 2.37 2.21
Leverage Ratio
-19.90 -19.32 -7.23 -3.90 -3.76 -4.01 -15.91 8.74 5.24 3.69 3.21
Compound Leverage Factor
6.57 -6.94 2.36 -0.33 2.33 -1.31 -11.51 7.22 4.02 3.40 1.68
Debt to Total Capital
106.29% 107.91% 135.50% 120.07% 141.03% 138.59% 88.68% 77.12% 0.00% 0.00% 0.00%
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
106.29% 107.91% 135.50% 120.07% 141.03% 138.59% 88.68% 77.12% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
6.65% 8.32% 10.43% 5.99% 11.33% 11.97% 8.74% 8.08% 23.26% 16.91% 16.28%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.06% 0.07% 0.03% 0.00% 0.01% 0.00% 0.00%
Common Equity to Total Capital
-12.94% -16.23% -45.93% -26.07% -52.42% -50.63% 2.56% 14.80% 76.74% 83.10% 83.72%
Debt to EBITDA
26.72 75.69 11.21 25.37 22.10 8.87 5.12 3.29 0.00 0.00 0.00
Net Debt to EBITDA
18.28 55.40 7.33 20.88 16.37 6.77 3.98 2.25 0.00 0.00 0.00
Long-Term Debt to EBITDA
26.72 75.69 11.21 25.37 22.10 8.87 5.12 3.29 0.00 0.00 0.00
Debt to NOPAT
42.98 -223.51 18.11 51.49 37.64 10.06 1.63 4.73 0.00 0.00 0.00
Net Debt to NOPAT
29.42 -163.60 11.84 42.37 27.89 7.68 1.27 3.24 0.00 0.00 0.00
Long-Term Debt to NOPAT
42.98 -223.51 18.11 51.49 37.64 10.06 1.63 4.73 0.00 0.00 0.00
Altman Z-Score
1.34 0.84 0.93 1.21 0.98 0.84 1.95 1.64 2.49 2.88 2.56
Noncontrolling Interest Sharing Ratio
-110.05% -105.46% -45.95% -29.62% -28.77% -29.39% -104.30% 48.55% 28.05% 19.58% 16.59%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
4.14 1.54 1.77 4.10 3.02 1.40 3.24 1.59 0.00 0.00 0.00
Quick Ratio
1.06 0.85 1.26 0.68 0.44 0.74 0.58 0.75 0.00 0.00 0.00
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
207 -401 891 130 124 -42 772 -304 -197 -275 87
Operating Cash Flow to CapEx
-66,639.29% 5,343.03% 4,857.89% 0.00% -6,265.77% 8,960.47% 3,556.90% 714.07% 2,581.70% 143.80% 927.89%
Free Cash Flow to Firm to Interest Expense
2.25 0.00 0.00 0.00 0.00 0.00 0.00 -5.62 -2.47 -9.36 1.27
Operating Cash Flow to Interest Expense
-3.49 0.00 0.00 0.00 0.00 0.00 0.00 1.65 5.46 0.80 2.75
Operating Cash Flow Less CapEx to Interest Expense
-3.50 0.00 0.00 0.00 0.00 0.00 0.00 1.42 5.25 0.25 2.45
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.88 1.11 1.15 1.12 1.14 1.26 1.34 1.20 1.09 1.18 1.14
Accounts Receivable Turnover
26.38 0.00 0.00 0.00 50.36 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
1.21 2.55 12.40 2.71 1.42 2.62 3.06 2.86 2.58 1.58 1.52
Fixed Asset Turnover
30.91 57.42 47.49 54.40 66.63 80.22 0.00 0.00 92.23 77.67 63.39
Accounts Payable Turnover
4.71 6.33 5.87 5.10 5.38 5.69 5.60 5.16 0.00 0.00 0.00
Days Sales Outstanding (DSO)
13.84 0.00 0.00 0.00 7.25 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
301.11 143.32 29.43 134.62 257.25 139.33 119.28 127.54 141.70 231.06 239.42
Days Payable Outstanding (DPO)
77.44 57.66 62.15 71.62 67.83 64.20 65.24 70.70 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
237.51 85.65 -32.72 63.01 196.67 75.13 54.04 56.84 141.70 231.06 239.42
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,313 1,706 912 834 755 953 1,020 1,598 2,063 2,601 2,635
Invested Capital Turnover
1.54 1.82 1.87 2.28 2.54 2.75 2.82 2.23 1.51 1.29 1.14
Increase / (Decrease) in Invested Capital
-157 393 -794 -77 -80 198 68 577 465 538 35
Enterprise Value (EV)
1,918 1,649 1,641 2,584 1,532 1,527 1,729 1,277 18 840 395
Market Capitalization
302 230 357 217 149 195 527 258 423 1,066 708
Book Value per Share
($1.80) ($1.79) ($4.04) ($3.97) ($105.21) ($93.16) $6.33 $38.74 $73.25 $109.84 $118.06
Tangible Book Value per Share
($1.80) ($1.79) ($4.04) ($3.97) ($105.21) ($93.16) $6.33 $38.74 $73.25 $109.84 $118.06
Total Capital
2,035 1,626 1,297 2,259 1,194 1,130 1,549 1,674 582 800 831
Total Debt
2,163 1,754 1,757 2,713 1,684 1,566 1,373 1,291 0.00 0.00 0.00
Total Long-Term Debt
2,163 1,754 1,757 2,713 1,684 1,566 1,373 1,291 0.00 0.00 0.00
Net Debt
1,481 1,284 1,148 2,232 1,247 1,196 1,067 884 -540 -361 -449
Capital Expenditures (CapEx)
0.48 7.24 6.21 -33 3.98 3.27 5.91 13 17 16 20
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,225 -151 -209 814 865 -122 857 -71 1,419 1,727 1,727
Debt-free Net Working Capital (DFNWC)
1,785 218 284 1,047 1,047 145 1,103 262 1,862 1,945 2,013
Net Working Capital (NWC)
1,785 218 284 1,047 1,047 145 1,103 262 1,862 1,945 2,013
Net Nonoperating Expense (NNE)
66 -5.03 429 48 87 105 232 48 62 21 58
Net Nonoperating Obligations (NNO)
1,441 1,834 1,372 1,288 1,245 1,389 845 1,215 1,481 1,800 1,804
Total Depreciation and Amortization (D&A)
15 16 18 12 12 7.20 5.52 5.83 10 6.69 12
Debt-free, Cash-free Net Working Capital to Revenue
56.99% -5.49% -8.53% 40.89% 42.87% -5.21% 30.81% -2.42% 51.49% 57.48% 57.99%
Debt-free Net Working Capital to Revenue
83.08% 7.94% 11.60% 52.59% 51.91% 6.19% 39.65% 8.97% 67.55% 64.73% 67.57%
Net Working Capital to Revenue
83.08% 7.94% 11.60% 52.59% 51.91% 6.19% 39.65% 8.97% 67.55% 64.73% 67.57%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($2.75) ($0.50) ($56.25) $0.75 $0.00 $0.00 $87.50 $30.31 $28.76 $34.40 $7.95
Adjusted Weighted Average Basic Shares Outstanding
5.88M 5.90M 5.91M 5.94M 5.97M 6.19M 6.29M 6.44M 6.23M 6.48M 6.45M
Adjusted Diluted Earnings per Share
($2.75) ($0.50) ($56.25) $0.75 ($7.06) $7.03 $85.86 $29.00 $26.88 $31.79 $7.43
Adjusted Weighted Average Diluted Shares Outstanding
5.88M 5.90M 5.91M 6.07M 5.97M 6.58M 6.40M 6.73M 6.67M 7.01M 6.89M
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
5.86M 5.89M 5.90M 5.94M 6.13M 6.14M 6.25M 5.96M 6.10M 6.06M 5.95M
Normalized Net Operating Profit after Tax (NOPAT)
59 30 134 53 45 156 184 273 268 263 122
Normalized NOPAT Margin
2.74% 1.10% 5.46% 2.65% 2.22% 6.64% 6.60% 9.35% 9.73% 8.74% 4.09%
Pre Tax Income Margin
-1.01% 0.09% -1.85% 0.41% -1.97% 2.36% 6.82% 10.94% 9.29% 10.55% 2.89%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.72 0.00 0.00 0.00 0.00 0.00 0.00 7.15 4.18 11.71 2.40
NOPAT to Interest Expense
0.55 0.00 0.00 0.00 0.00 0.00 0.00 5.04 3.36 8.94 1.78
EBIT Less CapEx to Interest Expense
0.71 0.00 0.00 0.00 0.00 0.00 0.00 6.92 3.97 11.15 2.10
NOPAT Less CapEx to Interest Expense
0.54 0.00 0.00 0.00 0.00 0.00 0.00 4.81 3.15 8.38 1.48
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.73% 5.18% 4.41% 16.71%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.15% 7.52% 15.37% 64.07%

Quarterly Metrics And Ratios for Hovnanian Enterprises

This table displays calculated financial ratios and metrics derived from Hovnanian Enterprises' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026
DEI Shares Outstanding
- - - - - - - - - - 5,952,677.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 5,952,677.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - 5.28
Growth Metrics
- - - - - - - - - - -
Profitability Metrics
- - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)
71 115 28 58 79 97 38 29 21 29 37
Return On Investment Capital (ROIC_SIMPLE)
- 19.68% 4.61% - - 12.16% 4.67% 3.55% 2.52% 3.48% 4.39%
Earnings before Interest and Taxes (EBIT)
90 143 38 79 105 122 54 39 30 41 51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
92 145 40 82 106 123 55 42 33 47 56
Valuation Ratios
- - - - - - - - - - -
Leverage & Solvency
- - - - - - - - - - -
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-187 -351 -1,802 -550 -937 -440 -438 -758 -480 -5.74 -341
Efficiency Ratios
- - - - - - - - - - -
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,505 2,063 2,200 2,201 2,522 2,601 2,676 2,989 3,023 2,635 3,054
Increase / (Decrease) in Invested Capital
259 465 1,830 608 1,016 538 476 787 501 35 377
Book Value per Share
$57.87 $73.25 $72.63 $83.95 $94.80 $109.84 $111.66 $115.63 $120.74 $118.06 $117.67
Tangible Book Value per Share
$57.87 $73.25 $72.63 $83.95 $94.80 $109.84 $111.66 $115.63 $120.74 $118.06 $112.34
Total Capital
1,656 582 607 647 703 800 811 820 835 831 838
Total Debt
1,174 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
1,174 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
759 -540 -302 -341 -258 -361 -275 -266 -377 -449 -496
Capital Expenditures (CapEx)
4.67 4.12 5.40 3.48 3.60 3.95 2.80 5.68 7.01 4.80 8.74
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-72 1,419 1,532 1,490 1,729 1,727 1,746 352 414 1,727 439
Debt-free Net Working Capital (DFNWC)
257 1,862 1,723 1,680 1,861 1,945 1,848 435 572 2,013 789
Net Working Capital (NWC)
257 1,862 1,723 1,680 1,861 1,945 1,848 435 572 2,013 789
Net Nonoperating Expense (NNE)
15 17 4.11 7.20 5.94 2.97 9.72 9.36 4.43 30 16
Net Nonoperating Obligations (NNO)
1,023 1,481 1,593 1,554 1,818 1,800 1,865 2,168 2,187 1,804 2,216
Total Depreciation and Amortization (D&A)
2.14 1.66 1.81 2.37 1.13 1.38 1.53 2.41 2.80 5.75 5.65
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$7.92 $13.79 $3.11 $7.12 $10.61 $13.56 $3.88 $2.64 $2.14 ($0.71) $2.80
Adjusted Weighted Average Basic Shares Outstanding
6.25M 6.23M 6.50M 6.46M 6.47M 6.48M 6.52M 6.41M 6.40M 6.45M 6.49M
Adjusted Diluted Earnings per Share
$7.38 $12.77 $2.91 $6.66 $9.75 $12.47 $3.58 $2.43 $1.99 ($0.57) $2.62
Adjusted Weighted Average Diluted Shares Outstanding
6.71M 6.67M 6.94M 6.90M 7.05M 7.01M 7.07M 6.95M 6.89M 6.89M 6.95M
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
6.09M 6.10M 6.10M 5.99M 6.05M 6.06M 5.92M 5.80M 5.89M 5.95M 5.94M
Normalized Net Operating Profit after Tax (NOPAT)
71 115 28 58 79 97 38 29 21 29 39
Debt Service Ratios
- - - - - - - - - - -
Payout Ratios
- - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven snapshot of Hovnanian Enterprises (NYSE: HOV) using the last four years of quarterly statements provided. The focus is on trends that may matter to retail investors over the near term.

  • Q4 2025 operating cash flow (net cash from continuing operating activities) rose to $169,074,000, up from earlier 2025 quarters and signaling improving core liquidity.
  • Net income attributable to common shareholders remained positive across the 2025 quarters (Q1: $38,959,000; Q2: $29,948,000; Q3: $28,661,000; Q4: $11,623,000), suggesting ongoing quarterly profitability despite volatility.
  • Operating income was positive in both Q3 2025 and Q4 2025, at $30,155,000 and $41,314,000 respectively, indicating a rebound in operating profitability late in 2025.
  • Total revenue remained sizable in Q4 2025 at $817,904,000, demonstrating scale even as quarterly earnings fluctuated.
  • Balance-sheet liquidity appears to have improved in 2025, with cash and equivalents around $146.6 million in mid‑2025 (Q3 2025), up from prior periods, pointing to strengthening liquidity headroom.
  • Revenue for Q4 2025 declined year over year to $817.9 million from Q4 2024’s $979.6 million, indicating some top-line softness on a year-over-year basis.
  • Quarterly results remained volatile, with earnings and margins bouncing across quarters in 2025, reflecting sensitivity to costs and mix (e.g., SG&A and interest dynamics).
  • Q4 2025 Consolidated net income fell to a small loss of $0.7 million, and basic/diluted earnings per share were negative for that quarter (EPS: -$0.71; Diluted -$0.57), highlighting near-term earnings pressure.
  • Interest expense surged in Q4 2025 to $43,142,000, a substantial drag on quarterly earnings relative to prior quarters.
  • Selling, general, and administrative (SG&A) expense rose to $91,530,000 in Q4 2025, adding cost pressure as revenue declined and margins compressed.
05/19/26 07:18 AM ETAI Generated. May Contain Errors.

Hovnanian Enterprises Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Hovnanian Enterprises' financial year ends in October. Their financial year 2025 ended on October 31, 2025.

Hovnanian Enterprises' net income appears to be on an upward trend, with a most recent value of $63.87 million in 2025, falling from -$16.10 million in 2015. The previous period was $242.01 million in 2024. See Hovnanian Enterprises' forecast for analyst expectations on what's next for the company.

Hovnanian Enterprises' total operating income in 2025 was $164.21 million, based on the following breakdown:
  • Total Gross Profit: $476.67 million
  • Total Operating Expenses: $312.47 million

Over the last 10 years, Hovnanian Enterprises' total revenue changed from $2.15 billion in 2015 to $2.98 billion in 2025, a change of 38.6%.

Hovnanian Enterprises' total liabilities were at $1.80 billion at the end of 2025, a 0.1% decrease from 2024, and a 34.0% decrease since 2015.

In the past 10 years, Hovnanian Enterprises' cash and equivalents has ranged from $182.27 million in 2019 to $533.99 million in 2015, and is currently $272.77 million as of their latest financial filing in 2025.

Over the last 10 years, Hovnanian Enterprises' book value per share changed from -1.80 in 2015 to 118.06 in 2025, a change of -6,667.7%.



Financial statements for NYSE:HOV last updated on 4/20/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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