Taylor Morrison Home (TMHC) Financials

$58.93 +0.03 (+0.05%)

Closing price 05/5/2025 03:59 PM Eastern

Extended Trading

$58.88 -0.05 (-0.08%)

As of 04:37 AM Eastern

Annual Income Statements for Taylor Morrison Home

This table shows Taylor Morrison Home's 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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	61	53	91	206	255	243	663	1,053	769	883
Consolidated Net Income / (Loss)	229	207	177	210	255	250	682	1,056	770	887
Net Income / (Loss) Continuing Operations	171	207	177	210	255	250	682	1,056	770	887
Total Pre-Tax Income	261	314	356	274	322	324	863	1,393	1,018	1,156
Total Operating Income	274	319	348	270	323	345	880	1,449	1,084	1,214
Total Gross Profit	568	680	739	738	824	1,044	1,548	2,092	1,783	1,984
Total Revenue	2,977	3,550	3,885	4,227	4,762	6,129	7,501	8,225	7,418	8,168
Operating Revenue	2,977	3,550	3,885	4,227	4,762	6,129	7,501	8,225	7,418	8,168
Total Cost of Revenue	2,409	2,870	3,146	3,489	3,938	5,085	5,953	6,133	5,635	6,184
Total Operating Expenses	294	362	390	468	501	700	668	643	699	770
Selling, General & Admin Expense	95	122	131	138	170	195	268	245	281	314
Marketing Expense	199	240	260	278	320	377	400	398	418	456
Total Other Income / (Expense), net	-13	-4.31	7.17	3.16	-0.85	-21	-16	-56	-67	-58
Interest Expense	33	-0.18	-0.58	-1.64	3.13	8.64	3.79	-14	0.30	0.00
Interest & Investment Income	1.76	7.45	8.85	13	9.51	11	11	-32	21	-6.97
Other Income / (Expense), net	18	-12	-2.26	-12	-7.23	-23	-24	-38	-88	-51
Income Tax Expense	90	108	179	63	67	75	181	336	248	270
Net Income / (Loss) Attributable to Noncontrolling Interest	168	154	85	4.12	0.26	6.09	19	3.45	0.81	3.26
Weighted Average Basic Shares Outstanding	33.06M	31.08M	62.06M	111.74M	107.00M	127.81M	126.08M	114.98M	108.42M	104.81M
Weighted Average Diluted Shares Outstanding	122.38M	120.83M	120.92M	115.12M	108.29M	129.17M	128.02M	116.22M	110.15M	106.85M
Weighted Average Basic & Diluted Shares Outstanding	33M	31.10M	62.10M	109.92M	134.45M	127.81M	121.29M	108.30M	106.43M	101.74M

This table shows Taylor Morrison Home'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	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	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	310	275	191	235	171	173	190	199	251	242	213
Consolidated Net Income / (Loss)	309	275	191	235	170	173	191	200	251	244	214
Net Income / (Loss) Continuing Operations	309	275	191	235	170	173	191	200	251	244	214
Total Pre-Tax Income	400	369	248	316	228	225	249	267	333	307	279
Total Operating Income	411	426	241	316	224	304	247	276	332	360	287
Total Gross Profit	558	600	400	500	392	492	417	472	531	564	463
Total Revenue	2,035	2,492	1,662	2,061	1,676	2,020	1,700	1,991	2,121	2,356	1,896
Operating Revenue	2,035	2,492	1,662	2,061	1,676	2,020	1,700	1,991	2,121	2,356	1,896
Total Cost of Revenue	1,477	1,892	1,262	1,561	1,284	1,528	1,283	1,519	1,590	1,792	1,433
Total Operating Expenses	147	173	159	184	168	188	170	197	199	204	177
Selling, General & Admin Expense	52	55	66	71	69	75	68	83	82	82	68
Marketing Expense	95	118	93	113	99	114	103	114	118	122	109
Total Other Income / (Expense), net	-11	-58	7.87	-0.24	4.48	-79	2.20	-8.34	0.96	-52	-8.08
Interest & Investment Income	-1.18	-29	1.93	8.31	7.72	3.38	2.75	-1.46	-2.67	-5.59	-6.52
Other Income / (Expense), net	-5.75	-43	4.83	-8.55	-2.97	-81	-0.60	-6.88	3.64	-47	-1.56
Income Tax Expense	90	93	57	81	58	52	58	67	81	63	65
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.55	0.07	0.18	0.30	-0.25	0.58	0.89	0.45	0.35	1.57	0.27
Basic Earnings per Share	-	-	$1.76	$2.15	$1.57	-	$1.79	$1.89	$2.41	-	$2.11
Weighted Average Basic Shares Outstanding	112.70M	114.98M	108.43M	109.21M	108.84M	108.42M	106.46M	105.50M	104.13M	104.81M	101.25M
Diluted Earnings per Share	-	-	$1.74	$2.12	$1.54	-	$1.75	$1.86	$2.37	-	$2.07
Weighted Average Diluted Shares Outstanding	113.78M	116.22M	110.05M	110.86M	110.62M	110.15M	108.56M	107.25M	106.09M	106.85M	103.02M
Weighted Average Basic & Diluted Shares Outstanding	108.35M	108.30M	109.11M	109.45M	107.45M	106.43M	105.76M	104.24M	103.48M	101.74M	100.37M

This table details how cash moves in and out of Taylor Morrison Home's 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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-336	174	274	-244	-3.29	206	302	-110	80	-320
Net Cash From Operating Activities	-263	373	386	136	393	1,123	377	1,108	806	210
Net Cash From Continuing Operating Activities	-263	373	386	136	393	1,123	377	1,108	806	210
Net Income / (Loss) Continuing Operations	171	207	177	210	255	250	682	1,056	770	887
Consolidated Net Income / (Loss)	229	207	177	210	255	250	682	1,056	770	887
Depreciation Expense	4.11	3.97	3.95	26	31	37	40	34	33	41
Amortization Expense	4.44	3.84	3.82	2.37	1.17	-1.85	0.54	2.26	3.32	2.89
Non-Cash Adjustments To Reconcile Net Income	12	11	9.71	49	50	74	63	112	63	159
Changes in Operating Assets and Liabilities, net	-454	147	192	-153	56	765	-409	-97	-64	-880
Net Cash From Investing Activities	50	-81	-36	-160	-19	-313	-74	-15	-97	-136
Net Cash From Continuing Investing Activities	50	-81	-36	-160	-19	-313	-74	-15	-97	-136
Purchase of Property, Plant & Equipment	-4.30	-1.91	-3.42	-20	-30	-38	-21	-31	-33	-36
Acquisitions	-254	-85	-37	-196	-13	-315	-75	-110	-65	-130
Other Investing Activities, net	10	6.09	4.08	57	24	40	32	125	0.82	30
Net Cash From Financing Activities	-103	-117	-77	-220	-377	-605	-0.16	-1,203	-629	-394
Net Cash From Continuing Financing Activities	-103	-117	-77	-220	-377	-605	-0.16	-1,203	-629	-394
Repayment of Debt	-1,876	-118	-934	-1,123	-2,662	-4,323	-3,266	-3,877	-3,531	-3,783
Repurchase of Common Equity	-15	-29	-4.10	-340	-157	-103	-281	-376	-128	-348
Payment of Dividends	-1.81	-1.31	-1,115	-767	4.20	-8.29	-59	-31	0.00	-8.76
Issuance of Debt	1,792	33	860	1,243	2,438	3,872	3,590	3,081	3,015	3,752
Issuance of Common Equity	0.00	0.00	1,112	767	-	-	18	1.38	17	-4.72
Other Financing Activities, net	-3.05	-2.95	4.93	0.05	0.05	-43	-1.35	-1.34	-1.32	-1.40
Cash Income Taxes Paid	91	108	97	63	20	3.36	146	270	204	264

This table details how cash moves in and out of Taylor Morrison Home'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	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	3/31/2025
Net Change in Cash & Equivalents	-49	397	158	344	-613	193	-250	-309	8.52	230	-109
Net Cash From Operating Activities	264	648	347	260	-57	256	-131	-233	136	438	77
Net Cash From Continuing Operating Activities	264	648	347	260	-57	256	-131	-233	136	438	77
Net Income / (Loss) Continuing Operations	309	275	191	235	170	173	191	200	251	244	214
Consolidated Net Income / (Loss)	309	275	191	235	170	173	191	200	251	244	214
Depreciation Expense	7.69	8.39	7.09	7.39	9.24	9.69	10	11	9.91	9.70	9.02
Amortization Expense	1.03	0.69	0.87	0.88	0.83	0.74	0.74	0.74	0.74	0.67	0.67
Non-Cash Adjustments To Reconcile Net Income	14	82	14	13	23	13	12	25	11	112	29
Changes in Operating Assets and Liabilities, net	-67	281	135	3.35	-260	59	-344	-470	-137	72	-175
Net Cash From Investing Activities	-23	3.93	-25	-20	-49	-3.09	-33	-24	-25	-54	-45
Net Cash From Continuing Investing Activities	-23	3.93	-25	-20	-49	-3.09	-33	-24	-25	-54	-45
Purchase of Property, Plant & Equipment	-9.68	-8.10	-14	-7.24	-26	14	-9.11	-8.33	-8.83	-10	-8.51
Acquisitions	-22	-18	-11	-13	-24	-17	-24	-21	-30	-55	-37
Net Cash From Financing Activities	-291	-255	-165	104	-508	-60	-86	-51	-102	-154	-141
Net Cash From Continuing Financing Activities	-291	-255	-165	104	-508	-60	-86	-51	-102	-154	-141
Repayment of Debt	-780	-1,295	-802	-773	-1,111	-845	-695	-843	-1,122	-1,123	-853
Repurchase of Common Equity	-105	-41	-3.57	-	-100	-24	-92	-105	-61	-90	-135
Payment of Dividends	-1.52	-0.82	0.00	-	-	-	-0.26	-0.17	-0.15	-8.18	-0.39
Issuance of Debt	594	1,082	637	869	700	809	713	896	1,079	1,064	855
Issuance of Common Equity	1.51	0.60	4.49	8.59	3.65	0.28	-11	1.43	1.99	2.73	-5.66
Other Financing Activities, net	-0.01	-0.00	-1.31	-0.01	-0.00	-0.00	-1.33	-0.03	-0.02	-0.02	-1.32
Cash Income Taxes Paid	65	93	-1.94	81	75	50	-0.12	126	63	76	0.02

This table presents Taylor Morrison Home's 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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	4,122	4,221	4,326	5,264	5,246	7,738	8,728	8,471	8,672	9,297
Total Current Assets	3,455	3,510	3,703	4,499	4,474	6,211	6,804	6,818	6,828	7,310
Cash & Equivalents	126	300	574	330	326	533	833	724	799	487
Restricted Cash	1.28	1.63	1.58	2.21	2.14	1.27	3.52	2.15	8.53	0.02
Accounts Receivable	121	115	94	87	70	96	151	192	185	218
Inventories, net	3,127	3,017	2,959	3,981	3,987	5,332	5,500	5,371	5,545	6,234
Prepaid Expenses	80	73	72	98	86	243	315	265	291	371
Plant, Property, & Equipment, net	7.39	6.59	7.11	87	86	98	155	202	295	233
Total Noncurrent Assets	660	704	616	679	686	1,429	1,769	1,451	1,549	1,755
Long-Term Investments	128	158	192	141	129	128	171	283	346	440
Goodwill	58	66	66	152	149	663	663	663	663	663
Noncurrent Deferred & Refundable Income Taxes	233	207	118	145	140	238	151	68	68	76
Other Noncurrent Operating Assets	236	270	237	240	267	400	783	437	472	576
Total Liabilities & Shareholders' Equity	4,122	4,221	4,326	5,264	5,246	7,738	8,728	8,471	8,672	9,297
Total Liabilities	2,150	2,061	1,979	2,846	2,700	4,144	4,757	3,824	3,340	3,419
Total Current Liabilities	657	667	465	549	617	785	1,192	760	966	1,079
Short-Term Debt	183	199	119	130	123	127	414	-	153	174
Accounts Payable	152	137	140	152	165	215	253	270	263	270
Accrued Expenses	191	209	202	267	325	430	525	490	549	632
Current Deferred & Payable Income Tax Liabilities	38	11	4.53	0.00	3.72	13	-	-	0.00	2.24
Total Noncurrent Liabilities	1,493	1,394	1,514	2,297	2,083	3,359	3,564	3,064	2,374	2,340
Long-Term Debt	1,485	1,388	1,379	2,079	1,818	2,801	2,888	2,484	1,864	1,946
Capital Lease Obligations	-	-	-	0.00	42	83	96	100	85	79
Noncurrent Deferred Revenue	-	-	133	165	167	311	486	412	326	239
Other Noncurrent Operating Liabilities	7.92	6.25	2.53	52	56	163	94	68	99	76
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,973	2,160	2,347	2,419	2,546	3,594	3,971	4,647	5,332	5,878
Total Preferred & Common Equity	520	552	1,596	2,415	2,538	3,505	3,926	4,630	5,315	5,867
Total Common Equity	520	552	1,596	2,415	2,538	3,505	3,926	4,630	5,315	5,867
Common Stock	377	385	1,342	2,072	2,098	2,927	2,997	3,025	3,069	3,086
Retained Earnings	176	229	320	528	782	1,026	1,689	2,742	3,511	4,394
Treasury Stock	-15	-44	-48	-186	-344	-447	-761	-1,137	-1,265	-1,616
Accumulated Other Comprehensive Income / (Loss)	-18	-18	-18	2.00	0.88	-1.17	0.69	0.36	0.90	2.51
Noncontrolling Interest	1,453	1,608	750	3.54	8.01	89	45	17	17	12

This table presents Taylor Morrison Home'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	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	8,594	8,376	8,749	8,437	8,910	9,099	9,300	9,384
Total Current Assets	6,716	6,639	6,912	6,796	7,020	7,285	7,241	7,330
Cash & Equivalents	329	878	1,227	614	554	247	256	378
Restricted Cash	0.58	6.72	0.77	0.77	3.11	1.93	0.85	0.29
Accounts Receivable	214	196	189	189	190	215	208	212
Inventories, net	5,959	5,333	5,234	5,480	5,985	6,286	6,441	6,351
Prepaid Expenses	189	225	261	306	288	330	336	388
Plant, Property, & Equipment, net	224	213	224	263	301	317	322	247
Total Noncurrent Assets	1,654	1,524	1,613	1,379	1,590	1,498	1,736	1,807
Long-Term Investments	306	295	306	330	370	382	397	475
Goodwill	663	663	663	663	663	663	663	663
Noncurrent Deferred & Refundable Income Taxes	151	68	68	68	68	68	68	76
Other Noncurrent Operating Assets	534	498	576	318	489	385	608	593
Total Liabilities & Shareholders' Equity	8,594	8,376	8,749	8,437	8,910	9,099	9,300	9,384
Total Liabilities	4,190	3,530	3,653	3,262	3,484	3,573	3,577	3,427
Total Current Liabilities	1,422	822	997	1,141	964	1,178	1,086	1,070
Short-Term Debt	146	146	250	-	183	-	233	176
Accounts Payable	264	248	282	273	276	311	269	277
Accrued Expenses	457	425	462	487	459	519	578	551
Current Deferred & Payable Income Tax Liabilities	28	2.98	3.01	0.00	46	-	5.53	67
Total Noncurrent Liabilities	2,768	2,708	2,657	2,121	2,520	2,394	2,491	2,356
Long-Term Debt	2,584	2,156	2,144	1,992	1,910	2,150	1,910	1,908
Capital Lease Obligations	92	93	89	86	81	82	79	75
Noncurrent Deferred Revenue	-	414	381	-	358	-	308	243
Other Noncurrent Operating Liabilities	93	45	43	43	171	162	194	131
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,403	4,847	5,095	5,175	5,426	5,527	5,723	5,958
Total Preferred & Common Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Taylor Morrison Home's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.91%	19.26%	9.44%	8.81%	12.65%	28.71%	22.38%	9.65%	-9.81%	10.11%
EBITDA Growth	-1.98%	4.48%	12.60%	-18.84%	21.30%	2.46%	151.01%	61.42%	-28.56%	16.80%
EBIT Growth	-1.81%	4.86%	12.94%	-25.33%	22.18%	1.80%	166.11%	64.84%	-29.34%	16.68%
NOPAT Growth	-24.00%	16.65%	-17.34%	20.20%	22.85%	3.82%	162.05%	58.06%	-25.39%	13.50%
Net Income Growth	-14.38%	-9.82%	-14.48%	19.15%	21.11%	-2.11%	173.46%	54.79%	-27.12%	15.18%
EPS Growth	-14.75%	-8.65%	-13.02%	24.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-96.49%	241.84%	3.66%	-64.89%	190.00%	185.67%	-66.47%	194.11%	-27.23%	-73.94%
Free Cash Flow Firm Growth	-28.05%	169.10%	24.64%	-327.24%	139.03%	-572.43%	117.25%	347.15%	-38.65%	-91.97%
Invested Capital Growth	22.63%	-2.90%	-6.40%	35.08%	-2.03%	45.97%	7.04%	-2.20%	0.96%	13.85%
Revenue Q/Q Growth	-1.38%	6.83%	2.72%	3.89%	0.18%	1.51%	14.46%	-0.16%	-5.99%	4.30%
EBITDA Q/Q Growth	-3.81%	4.63%	8.36%	-26.69%	7.09%	22.23%	34.00%	2.70%	-13.32%	8.05%
EBIT Q/Q Growth	-5.62%	4.83%	8.57%	-30.11%	7.34%	25.15%	36.21%	2.87%	-13.85%	8.38%
NOPAT Q/Q Growth	-15.92%	5.95%	-20.74%	-8.55%	23.22%	21.13%	38.93%	1.66%	-9.53%	5.84%
Net Income Q/Q Growth	-14.28%	4.94%	-20.55%	-9.15%	21.72%	20.21%	37.48%	-0.69%	-11.72%	8.69%
EPS Q/Q Growth	24.16%	4.97%	-19.67%	-9.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-663.76%	146.03%	6.41%	-56.18%	68.78%	8.23%	69.88%	17.83%	-32.73%	665.65%
Free Cash Flow Firm Q/Q Growth	-275.45%	287.80%	11.45%	-389.67%	110.95%	-318.46%	1,272.67%	21.45%	-35.90%	159.27%
Invested Capital Q/Q Growth	1.56%	-4.77%	-7.49%	27.77%	-37.98%	-1.73%	-2.56%	-5.58%	-0.45%	-1.93%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.08%	19.16%	19.02%	17.46%	17.31%	17.04%	20.63%	25.44%	24.04%	24.29%
EBITDA Margin	10.11%	8.86%	9.11%	6.80%	7.32%	5.83%	11.95%	17.59%	13.93%	14.78%
Operating Margin	9.20%	8.97%	8.97%	6.40%	6.79%	5.62%	11.73%	17.62%	14.62%	14.86%
EBIT Margin	9.82%	8.64%	8.91%	6.12%	6.63%	5.25%	11.41%	17.15%	13.44%	14.24%
Profit (Net Income) Margin	7.69%	5.82%	4.55%	4.98%	5.35%	4.07%	9.10%	12.84%	10.38%	10.85%
Tax Burden Percent	87.76%	65.74%	49.67%	76.95%	79.10%	76.99%	79.06%	75.84%	75.63%	76.69%
Interest Burden Percent	89.27%	102.49%	102.72%	105.79%	102.02%	100.79%	100.86%	98.73%	102.11%	99.40%
Effective Tax Rate	34.48%	34.26%	50.33%	23.05%	20.90%	23.01%	20.94%	24.16%	24.37%	23.31%
Return on Invested Capital (ROIC)	5.84%	6.28%	5.44%	5.75%	6.21%	5.30%	11.30%	17.47%	13.12%	13.86%
ROIC Less NNEP Spread (ROIC-NNEP)	9.98%	6.05%	5.82%	5.95%	6.17%	4.48%	10.75%	15.31%	9.13%	9.88%
Return on Net Nonoperating Assets (RNNOA)	6.37%	3.72%	2.40%	3.08%	4.06%	2.83%	6.74%	7.04%	2.31%	1.96%
Return on Equity (ROE)	12.22%	10.00%	7.84%	8.83%	10.27%	8.13%	18.04%	24.51%	15.43%	15.82%
Cash Return on Invested Capital (CROIC)	-14.48%	9.22%	12.05%	-24.09%	8.27%	-32.08%	4.50%	19.70%	12.16%	0.91%
Operating Return on Assets (OROA)	7.08%	7.35%	8.10%	5.39%	6.01%	4.95%	10.39%	16.40%	11.63%	12.95%
Return on Assets (ROA)	5.55%	4.95%	4.13%	4.39%	4.85%	3.84%	8.29%	12.28%	8.98%	9.87%
Return on Common Equity (ROCE)	3.25%	2.59%	3.74%	7.44%	10.25%	8.00%	17.72%	24.34%	15.37%	15.78%
Return on Equity Simple (ROE_SIMPLE)	44.05%	37.43%	11.07%	8.71%	10.05%	7.12%	17.38%	22.81%	14.48%	15.11%
Net Operating Profit after Tax (NOPAT)	180	209	173	208	256	265	695	1,099	820	931
NOPAT Margin	6.03%	5.90%	4.46%	4.92%	5.37%	4.33%	9.27%	13.36%	11.06%	11.39%
Net Nonoperating Expense Percent (NNEP)	-4.13%	0.22%	-0.38%	-0.20%	0.04%	0.82%	0.55%	2.16%	3.99%	3.98%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	15.20%	11.03%	11.52%
Cost of Revenue to Revenue	80.92%	80.84%	80.98%	82.54%	82.69%	82.96%	79.37%	74.56%	75.96%	75.71%
SG&A Expenses to Revenue	3.20%	3.44%	3.37%	3.28%	3.57%	3.18%	3.57%	2.98%	3.78%	3.85%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.87%	10.19%	10.05%	11.07%	10.52%	11.41%	8.91%	7.82%	9.42%	9.43%
Earnings before Interest and Taxes (EBIT)	292	307	346	259	316	322	856	1,411	997	1,163
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	301	314	354	287	348	357	896	1,447	1,034	1,207
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.76	4.17	1.83	0.78	0.91	0.95	1.09	0.71	1.08	1.08
Price to Tangible Book Value (P/TBV)	4.27	4.77	1.91	0.83	0.97	1.17	1.32	0.83	1.23	1.22
Price to Revenue (P/Rev)	0.66	0.65	0.75	0.45	0.49	0.54	0.57	0.40	0.77	0.78
Price to Earnings (P/E)	32.04	43.71	32.07	9.14	9.09	13.69	6.48	3.12	7.46	7.17
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.12%	2.29%	3.12%	10.94%	11.01%	7.30%	15.43%	32.02%	13.41%	13.95%
Enterprise Value to Invested Capital (EV/IC)	1.42	1.53	1.43	0.87	0.95	0.97	1.06	0.78	1.07	1.07
Enterprise Value to Revenue (EV/Rev)	1.62	1.42	1.13	0.86	0.81	0.94	0.90	0.59	0.90	0.93
Enterprise Value to EBITDA (EV/EBITDA)	16.02	16.02	12.45	12.63	11.04	16.16	7.51	3.37	6.48	6.31
Enterprise Value to EBIT (EV/EBIT)	16.49	16.42	12.73	14.03	12.18	17.95	7.87	3.46	6.72	6.55
Enterprise Value to NOPAT (EV/NOPAT)	26.86	24.05	25.46	17.44	15.05	21.75	9.68	4.44	8.17	8.19
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	13.51	11.41	26.75	9.78	5.14	17.87	4.40	8.31	36.26
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	16.37	11.49	0.00	11.31	0.00	24.29	3.94	8.81	124.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.85	0.73	0.64	0.91	0.78	0.84	0.86	0.56	0.39	0.37
Long-Term Debt to Equity	0.75	0.64	0.59	0.86	0.73	0.80	0.75	0.56	0.37	0.34
Financial Leverage	0.64	0.61	0.41	0.52	0.66	0.63	0.63	0.46	0.25	0.20
Leverage Ratio	2.20	2.02	1.90	2.01	2.12	2.11	2.18	2.00	1.72	1.60
Compound Leverage Factor	1.97	2.07	1.95	2.13	2.16	2.13	2.20	1.97	1.75	1.59
Debt to Total Capital	45.82%	42.34%	38.97%	47.74%	43.79%	45.59%	46.11%	35.74%	28.28%	27.23%
Short-Term Debt to Total Capital	5.04%	5.30%	3.09%	2.82%	2.72%	1.93%	5.62%	0.00%	2.06%	2.16%
Long-Term Debt to Total Capital	40.78%	37.04%	35.87%	44.92%	41.07%	43.67%	40.50%	35.74%	26.21%	25.07%
Preferred Equity to Total Capital	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	39.90%	42.93%	19.52%	0.08%	0.18%	1.35%	0.61%	0.23%	0.23%	0.14%
Common Equity to Total Capital	14.28%	14.73%	41.52%	52.18%	56.03%	53.06%	53.27%	64.04%	71.49%	72.63%
Debt to EBITDA	5.54	5.05	4.23	7.69	5.69	8.43	3.79	1.79	2.03	1.82
Net Debt to EBITDA	4.69	3.58	2.06	6.05	4.38	6.58	2.67	1.09	0.92	1.05
Long-Term Debt to EBITDA	4.94	4.41	3.90	7.24	5.34	8.08	3.33	1.79	1.89	1.68
Debt to NOPAT	9.29	7.58	8.65	10.62	7.76	11.35	4.89	2.35	2.56	2.36
Net Debt to NOPAT	7.87	5.38	4.22	8.35	5.97	8.85	3.44	1.43	1.16	1.37
Long-Term Debt to NOPAT	8.27	6.63	7.97	9.99	7.28	10.87	4.29	2.35	2.38	2.18
Altman Z-Score	2.38	2.63	3.05	2.40	2.71	2.44	2.77	3.35	3.64	3.87
Noncontrolling Interest Sharing Ratio	73.38%	74.07%	52.34%	15.82%	0.23%	1.58%	1.78%	0.72%	0.34%	0.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.26	5.27	7.96	8.20	7.25	7.91	5.71	8.97	7.07	6.77
Quick Ratio	0.38	0.62	1.44	0.76	0.64	0.80	0.82	1.21	1.02	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-445	308	383	-871	340	-1,606	277	1,239	760	61
Operating Cash Flow to CapEx	-6,111.87%	19,528.41%	11,290.06%	662.79%	1,305.58%	2,974.79%	1,776.72%	3,622.42%	2,411.80%	578.25%
Free Cash Flow to Firm to Interest Expense	-13.44	0.00	0.00	0.00	108.54	-185.92	73.09	0.00	2,577.34	0.00
Operating Cash Flow to Interest Expense	-7.93	0.00	0.00	0.00	125.51	129.99	99.33	0.00	2,732.78	0.00
Operating Cash Flow Less CapEx to Interest Expense	-8.06	0.00	0.00	0.00	115.89	125.62	93.74	0.00	2,619.47	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.85	0.91	0.88	0.91	0.94	0.91	0.96	0.87	0.91
Accounts Receivable Turnover	28.90	30.09	37.05	46.69	60.65	73.54	60.71	48.05	39.45	40.62
Inventory Turnover	0.85	0.93	1.05	1.01	0.99	1.09	1.10	1.13	1.03	1.05
Fixed Asset Turnover	467.91	508.13	567.28	90.09	55.18	66.70	59.27	46.00	29.82	30.95
Accounts Payable Turnover	17.56	19.89	22.73	23.92	24.91	26.79	25.42	23.45	21.13	23.17
Days Sales Outstanding (DSO)	12.63	12.13	9.85	7.82	6.02	4.96	6.01	7.60	9.25	8.99
Days Inventory Outstanding (DIO)	427.68	390.72	346.66	362.98	369.23	334.45	332.05	323.49	353.56	347.64
Days Payable Outstanding (DPO)	20.78	18.35	16.06	15.26	14.65	13.62	14.36	15.57	17.27	15.75
Cash Conversion Cycle (CCC)	419.52	384.51	340.45	355.54	360.59	325.79	323.70	315.52	345.54	340.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,385	3,287	3,077	4,156	4,071	5,943	6,362	6,221	6,281	7,151
Invested Capital Turnover	0.97	1.06	1.22	1.17	1.16	1.22	1.22	1.31	1.19	1.22
Increase / (Decrease) in Invested Capital	625	-98	-210	1,079	-84	1,872	418	-140	60	870
Enterprise Value (EV)	4,822	5,035	4,406	3,628	3,847	5,772	6,732	4,879	6,699	7,618
Market Capitalization	1,956	2,300	2,926	1,887	2,314	3,333	4,296	3,288	5,732	6,334
Book Value per Share	$4.25	$4.62	$13.35	$20.35	$23.98	$26.97	$31.95	$42.74	$49.47	$56.69
Tangible Book Value per Share	$3.75	$4.04	$12.78	$19.06	$22.56	$21.87	$26.55	$36.62	$43.29	$50.28
Total Capital	3,641	3,747	3,845	4,628	4,529	6,605	7,369	7,231	7,434	8,078
Total Debt	1,668	1,587	1,498	2,210	1,983	3,012	3,398	2,584	2,102	2,199
Total Long-Term Debt	1,485	1,388	1,379	2,079	1,860	2,884	2,984	2,584	1,949	2,025
Net Debt	1,413	1,127	730	1,737	1,526	2,350	2,391	1,575	949	1,273
Capital Expenditures (CapEx)	4.30	1.91	3.42	20	30	38	21	31	33	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,854	2,740	2,781	3,749	3,652	5,019	5,189	5,331	5,208	5,918
Debt-free Net Working Capital (DFNWC)	2,982	3,042	3,357	4,081	3,980	5,553	6,025	6,058	6,015	6,405
Net Working Capital (NWC)	2,798	2,843	3,238	3,950	3,857	5,426	5,611	6,058	5,862	6,230
Net Nonoperating Expense (NNE)	-50	2.83	-3.56	-2.43	0.67	16	13	43	50	44
Net Nonoperating Obligations (NNO)	1,413	1,127	730	1,737	1,526	2,350	2,391	1,575	949	1,273
Total Depreciation and Amortization (D&A)	8.55	7.82	7.77	29	33	35	41	36	37	44
Debt-free, Cash-free Net Working Capital to Revenue	95.89%	77.19%	71.59%	88.68%	76.68%	81.88%	69.17%	64.82%	70.21%	72.45%
Debt-free Net Working Capital to Revenue	100.17%	85.69%	86.40%	96.53%	83.58%	90.60%	80.32%	73.65%	81.09%	78.41%
Net Working Capital to Revenue	94.01%	80.10%	83.34%	93.45%	80.99%	88.52%	74.81%	73.65%	79.03%	76.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.85	$1.69	$1.47	$1.85	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	33.06M	31.08M	62.06M	111.74M	107.00M	127.81M	126.08M	114.98M	108.42M	104.81M
Adjusted Diluted Earnings per Share	$1.85	$1.69	$1.47	$1.83	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	122.38M	120.83M	120.92M	115.12M	108.29M	129.17M	128.02M	116.22M	110.15M	106.85M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	120.99M	119.47M	112.12M	109.92M	134.45M	128.83M	121.29M	108.30M	106.43M	101.74M
Normalized Net Operating Profit after Tax (NOPAT)	180	209	244	247	264	363	695	1,099	820	931
Normalized NOPAT Margin	6.03%	5.90%	6.28%	5.85%	5.54%	5.93%	9.27%	13.36%	11.06%	11.39%
Pre Tax Income Margin	8.77%	8.85%	9.15%	6.47%	6.77%	5.29%	11.51%	16.93%	13.72%	14.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.83	0.00	0.00	0.00	100.83	37.22	225.68	0.00	3,378.98	0.00
NOPAT to Interest Expense	5.42	0.00	0.00	0.00	81.58	30.71	183.37	0.00	2,779.84	0.00
EBIT Less CapEx to Interest Expense	8.70	0.00	0.00	0.00	91.22	32.85	220.09	0.00	3,265.67	0.00
NOPAT Less CapEx to Interest Expense	5.29	0.00	0.00	0.00	71.97	26.34	177.78	0.00	2,666.53	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.79%	0.63%	630.94%	364.30%	-1.65%	3.32%	8.67%	2.96%	0.00%	0.99%
Augmented Payout Ratio	7.34%	14.45%	633.26%	525.95%	60.11%	44.73%	49.91%	38.58%	16.62%	40.19%

This table displays calculated financial ratios and metrics derived from Taylor Morrison Home'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	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	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.46%	-0.53%	-2.42%	3.29%	-17.65%	-18.95%	2.28%	-3.37%	26.58%	16.67%	11.55%
EBITDA Growth	76.23%	10.71%	3.68%	-20.32%	-44.18%	-40.50%	1.48%	-11.08%	49.77%	38.51%	14.67%
EBIT Growth	80.23%	11.44%	4.27%	-20.54%	-45.46%	-41.81%	0.29%	-12.61%	51.78%	40.34%	15.85%
NOPAT Growth	84.94%	5.34%	2.45%	-16.47%	-47.44%	-26.70%	2.33%	-12.31%	50.05%	22.27%	16.08%
Net Income Growth	79.30%	-2.58%	7.15%	-19.87%	-44.88%	-37.12%	-0.04%	-14.90%	47.54%	40.92%	11.81%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.57%	-12.26%	53.90%	0.00%	18.29%
Operating Cash Flow Growth	4,544.58%	34.90%	504.67%	88.12%	-121.38%	-60.54%	-137.63%	-189.86%	340.30%	71.45%	159.07%
Free Cash Flow Firm Growth	183.40%	496.70%	482.44%	2,549.77%	73.68%	-62.11%	-168.42%	-216.04%	-263.76%	-435.89%	12.40%
Invested Capital Growth	0.93%	-2.20%	-6.64%	-7.95%	-4.24%	0.96%	10.08%	17.94%	15.57%	13.85%	8.83%
Revenue Q/Q Growth	1.99%	22.48%	-33.32%	23.99%	-18.69%	20.55%	-15.85%	17.14%	6.52%	11.11%	-19.54%
EBITDA Q/Q Growth	4.45%	-5.20%	-35.43%	24.63%	-26.83%	1.04%	10.13%	9.21%	23.25%	-6.56%	-8.83%
EBIT Q/Q Growth	4.70%	-5.40%	-35.97%	25.30%	-28.13%	0.93%	10.35%	9.18%	24.82%	-6.68%	-8.90%
NOPAT Q/Q Growth	12.97%	0.24%	-41.90%	26.96%	-28.92%	39.80%	-18.90%	8.80%	21.63%	13.92%	-23.01%
Net Income Q/Q Growth	5.48%	-10.94%	-30.56%	22.84%	-27.44%	1.59%	10.39%	4.58%	25.79%	-2.96%	-12.41%
EPS Q/Q Growth	0.00%	0.00%	0.00%	21.84%	-27.36%	0.00%	0.00%	6.29%	27.42%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	91.62%	144.91%	-46.36%	-25.27%	-121.78%	552.00%	-151.15%	-78.47%	158.24%	222.51%	-82.38%
Free Cash Flow Firm Q/Q Growth	932.61%	78.39%	34.36%	22.75%	-40.97%	-61.08%	-342.60%	-108.20%	16.69%	20.17%	36.73%
Invested Capital Q/Q Growth	0.36%	-5.58%	-2.56%	-0.30%	4.39%	-0.45%	6.25%	6.82%	2.29%	-1.93%	1.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.42%	24.07%	24.04%	24.25%	23.38%	24.36%	24.52%	23.72%	25.04%	23.93%	24.43%
EBITDA Margin	20.34%	15.74%	15.24%	15.32%	13.79%	11.56%	15.12%	14.10%	16.32%	13.72%	15.55%
Operating Margin	20.19%	17.11%	14.47%	15.34%	13.36%	15.05%	14.51%	13.84%	15.64%	15.27%	15.12%
EBIT Margin	19.91%	15.38%	14.77%	14.92%	13.19%	11.04%	14.48%	13.49%	15.81%	13.28%	15.04%
Profit (Net Income) Margin	15.20%	11.05%	11.51%	11.40%	10.17%	8.57%	11.25%	10.04%	11.86%	10.36%	11.27%
Tax Burden Percent	77.38%	74.73%	76.98%	74.39%	74.62%	76.87%	76.81%	74.81%	75.59%	79.40%	76.72%
Interest Burden Percent	98.64%	96.16%	101.24%	102.70%	103.37%	101.01%	101.14%	99.46%	99.20%	98.20%	97.71%
Effective Tax Rate	22.62%	25.27%	23.02%	25.61%	25.38%	23.13%	23.19%	25.19%	24.41%	20.60%	23.28%
Return on Invested Capital (ROIC)	19.63%	16.72%	14.52%	14.93%	12.20%	13.72%	13.05%	11.61%	13.62%	14.74%	13.92%
ROIC Less NNEP Spread (ROIC-NNEP)	19.28%	14.53%	14.86%	14.92%	12.40%	8.93%	13.19%	11.12%	13.67%	11.00%	13.44%
Return on Net Nonoperating Assets (RNNOA)	11.75%	6.69%	6.01%	5.33%	4.30%	2.26%	3.16%	2.67%	3.39%	2.18%	3.01%
Return on Equity (ROE)	31.38%	23.41%	20.53%	20.26%	16.50%	15.98%	16.21%	14.28%	17.00%	16.92%	16.94%
Cash Return on Invested Capital (CROIC)	15.56%	19.70%	24.45%	25.05%	18.39%	12.16%	3.34%	-4.39%	-1.51%	0.91%	5.33%
Operating Return on Assets (OROA)	19.30%	14.71%	14.30%	14.15%	12.22%	9.55%	12.49%	11.17%	13.96%	12.07%	13.75%
Return on Assets (ROA)	14.73%	10.57%	11.15%	10.81%	9.43%	7.42%	9.70%	8.31%	10.47%	9.41%	10.31%
Return on Common Equity (ROCE)	0.00%	23.24%	0.00%	0.00%	0.00%	15.93%	0.00%	0.00%	0.00%	16.88%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	318	319	185	235	167	234	189	206	251	286	220
NOPAT Margin	15.63%	12.79%	11.14%	11.41%	9.97%	11.57%	11.15%	10.35%	11.82%	12.12%	11.60%
Net Nonoperating Expense Percent (NNEP)	0.35%	2.18%	-0.34%	0.01%	-0.20%	4.79%	-0.14%	0.49%	-0.05%	3.75%	0.49%
Return On Investment Capital (ROIC_SIMPLE)	-	4.41%	-	-	-	3.14%	-	-	-	3.54%	2.71%
Cost of Revenue to Revenue	72.58%	75.93%	75.96%	75.75%	76.62%	75.64%	75.48%	76.28%	74.96%	76.07%	75.57%
SG&A Expenses to Revenue	2.57%	2.22%	3.99%	3.43%	4.12%	3.70%	3.97%	4.16%	3.85%	3.50%	3.56%
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	7.23%	6.96%	9.57%	8.91%	10.01%	9.32%	10.01%	9.88%	9.40%	8.67%	9.32%
Earnings before Interest and Taxes (EBIT)	405	383	245	307	221	223	246	269	335	313	285
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	414	392	253	316	231	233	257	281	346	323	295
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.71	0.00	0.00	0.00	1.08	0.00	0.00	0.00	1.08	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.83	0.00	0.00	0.00	1.23	0.00	0.00	0.00	1.22	0.00
Price to Revenue (P/Rev)	0.32	0.40	0.51	0.65	0.59	0.77	0.90	0.79	0.94	0.78	0.73
Price to Earnings (P/E)	2.52	3.12	3.88	5.26	5.35	7.46	8.70	8.00	9.00	7.17	6.74
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	39.62%	32.02%	25.75%	18.99%	18.69%	13.41%	11.50%	12.50%	11.11%	13.95%	14.84%
Enterprise Value to Invested Capital (EV/IC)	0.73	0.78	0.88	1.04	0.92	1.07	1.19	1.05	1.22	1.07	1.02
Enterprise Value to Revenue (EV/Rev)	0.59	0.59	0.65	0.76	0.73	0.90	1.06	1.01	1.14	0.93	0.89
Enterprise Value to EBITDA (EV/EBITDA)	3.43	3.37	3.68	4.56	4.86	6.48	7.64	7.45	7.96	6.31	5.96
Enterprise Value to EBIT (EV/EBIT)	3.53	3.46	3.77	4.67	5.01	6.72	7.95	7.79	8.29	6.55	6.17
Enterprise Value to NOPAT (EV/NOPAT)	4.47	4.44	4.86	5.93	6.40	8.17	9.62	9.38	10.11	8.19	7.71
Enterprise Value to Operating Cash Flow (EV/OCF)	5.14	4.40	3.83	4.13	4.84	8.31	24.17	0.00	324.09	36.26	17.73
Enterprise Value to Free Cash Flow (EV/FCFF)	4.74	3.94	3.49	3.97	4.89	8.81	37.23	0.00	0.00	124.77	19.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.56	0.49	0.49	0.40	0.39	0.40	0.40	0.39	0.37	0.36
Long-Term Debt to Equity	0.61	0.56	0.46	0.44	0.40	0.37	0.37	0.40	0.35	0.34	0.33
Financial Leverage	0.61	0.46	0.40	0.36	0.35	0.25	0.24	0.24	0.25	0.20	0.22
Leverage Ratio	2.09	2.00	1.89	1.87	1.78	1.72	1.68	1.68	1.63	1.60	1.61
Compound Leverage Factor	2.06	1.92	1.91	1.92	1.84	1.74	1.70	1.67	1.61	1.57	1.57
Debt to Total Capital	39.05%	35.74%	33.07%	32.76%	28.65%	28.28%	28.61%	28.77%	27.97%	27.23%	26.60%
Short-Term Debt to Total Capital	2.03%	0.00%	2.02%	3.30%	0.00%	2.06%	2.41%	0.00%	2.94%	2.16%	2.17%
Long-Term Debt to Total Capital	37.03%	35.74%	31.05%	29.47%	28.65%	26.21%	26.20%	28.77%	25.04%	25.07%	24.43%
Preferred Equity 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%
Noncontrolling Interests to Total Capital	0.00%	0.23%	0.00%	0.00%	0.00%	0.23%	0.00%	0.00%	0.00%	0.14%	0.00%
Common Equity to Total Capital	0.00%	64.04%	0.00%	0.00%	0.00%	71.49%	0.00%	0.00%	0.00%	72.63%	0.00%
Debt to EBITDA	2.00	1.79	1.65	1.81	1.74	2.03	2.10	2.23	1.99	1.82	1.73
Net Debt to EBITDA	1.55	1.09	0.84	0.69	0.95	0.92	1.20	1.60	1.40	1.05	1.05
Long-Term Debt to EBITDA	1.90	1.79	1.54	1.62	1.74	1.89	1.92	2.23	1.78	1.68	1.59
Debt to NOPAT	2.61	2.35	2.17	2.35	2.29	2.56	2.64	2.81	2.53	2.36	2.25
Net Debt to NOPAT	2.02	1.43	1.10	0.90	1.25	1.16	1.51	2.01	1.78	1.37	1.36
Long-Term Debt to NOPAT	2.47	2.35	2.04	2.11	2.29	2.38	2.42	2.81	2.26	2.18	2.06
Altman Z-Score	2.23	2.95	2.61	2.74	2.68	3.35	2.89	2.70	2.98	3.57	2.86
Noncontrolling Interest Sharing Ratio	100.00%	0.72%	100.00%	100.00%	100.00%	0.34%	100.00%	100.00%	100.00%	0.26%	100.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.72	8.97	8.08	6.94	5.96	7.07	7.28	6.18	6.67	6.77	6.85
Quick Ratio	0.38	1.21	1.31	1.42	0.70	1.02	0.77	0.39	0.43	0.65	0.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	257	459	617	757	447	174	-422	-878	-732	-584	-370
Operating Cash Flow to CapEx	2,733.25%	7,994.38%	2,516.47%	3,587.48%	-217.53%	0.00%	-1,434.94%	-2,800.98%	1,539.12%	4,356.35%	907.21%
Free Cash Flow to Firm to Interest Expense	59.67	0.00	0.00	0.00	1,660.84	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	61.35	0.00	0.00	0.00	-210.22	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	59.11	0.00	0.00	0.00	-306.87	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.97	0.96	0.97	0.95	0.93	0.87	0.86	0.83	0.88	0.91	0.91
Accounts Receivable Turnover	48.14	48.05	46.52	45.68	39.16	39.45	38.64	36.53	39.52	40.62	41.62
Inventory Turnover	1.04	1.13	1.10	1.10	1.05	1.03	1.00	0.97	0.99	1.05	1.03
Fixed Asset Turnover	44.52	46.00	38.85	37.15	32.45	29.82	29.00	27.33	26.77	30.95	30.52
Accounts Payable Turnover	26.07	23.45	25.72	21.62	22.34	21.13	21.59	18.95	21.84	23.17	22.92
Days Sales Outstanding (DSO)	7.58	7.60	7.85	7.99	9.32	9.25	9.45	9.99	9.24	8.99	8.77
Days Inventory Outstanding (DIO)	349.57	323.49	332.20	332.45	347.99	353.56	365.24	374.55	367.54	347.64	355.47
Days Payable Outstanding (DPO)	14.00	15.57	14.19	16.89	16.34	17.27	16.91	19.26	16.71	15.75	15.92
Cash Conversion Cycle (CCC)	343.16	315.52	325.85	323.56	340.98	345.54	357.78	365.28	360.07	340.87	348.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,589	6,221	6,062	6,044	6,309	6,281	6,673	7,128	7,292	7,151	7,263
Invested Capital Turnover	1.26	1.31	1.30	1.31	1.22	1.19	1.17	1.12	1.15	1.22	1.20
Increase / (Decrease) in Invested Capital	61	-140	-431	-522	-280	60	611	1,084	982	870	589
Enterprise Value (EV)	4,836	4,879	5,359	6,270	5,798	6,699	7,927	7,465	8,892	7,618	7,414
Market Capitalization	2,651	3,288	4,144	5,321	4,664	5,732	6,680	5,864	7,324	6,334	6,108
Book Value per Share	$0.00	$42.74	$0.00	$0.00	$0.00	$49.47	$0.00	$0.00	$0.00	$56.69	$0.00
Tangible Book Value per Share	($5.84)	$36.62	($6.12)	($6.08)	($6.06)	$43.29	($6.23)	($6.27)	($6.36)	$50.28	($6.52)
Total Capital	7,225	7,231	7,241	7,578	7,254	7,434	7,601	7,759	7,946	8,078	8,116
Total Debt	2,821	2,584	2,395	2,483	2,078	2,102	2,175	2,232	2,223	2,199	2,159
Total Long-Term Debt	2,675	2,584	2,248	2,233	2,078	1,949	1,991	2,232	1,989	2,025	1,983
Net Debt	2,186	1,575	1,216	949	1,134	949	1,247	1,602	1,568	1,273	1,305
Capital Expenditures (CapEx)	9.68	8.10	14	7.24	26	-14	9.11	8.33	8.83	10	8.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5,110	5,331	5,079	4,938	5,040	5,208	5,682	5,858	6,132	5,918	6,057
Debt-free Net Working Capital (DFNWC)	5,440	6,058	5,963	6,166	5,655	6,015	6,239	6,106	6,389	6,405	6,435
Net Working Capital (NWC)	5,293	6,058	5,817	5,916	5,655	5,862	6,056	6,106	6,156	6,230	6,259
Net Nonoperating Expense (NNE)	8.70	43	-6.06	0.18	-3.34	60	-1.69	6.24	-0.73	42	6.20
Net Nonoperating Obligations (NNO)	2,186	1,575	1,216	949	1,134	949	1,247	1,602	1,568	1,273	1,305
Total Depreciation and Amortization (D&A)	8.72	9.08	7.96	8.27	10	10	11	12	11	10	9.69
Debt-free, Cash-free Net Working Capital to Revenue	62.03%	64.82%	62.06%	59.86%	63.88%	70.21%	76.20%	79.31%	78.30%	72.45%	72.41%
Debt-free Net Working Capital to Revenue	66.03%	73.65%	72.87%	74.74%	71.67%	81.09%	83.68%	82.67%	81.58%	78.41%	76.93%
Net Working Capital to Revenue	64.25%	73.65%	71.08%	71.71%	71.67%	79.03%	81.22%	82.67%	78.60%	76.28%	74.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.75	$0.00	$0.00	$0.00	$0.00	$0.00	$1.79	$1.89	$2.41	$0.00	$2.11
Adjusted Weighted Average Basic Shares Outstanding	112.70M	114.98M	108.43M	109.21M	108.84M	108.42M	106.46M	105.50M	104.13M	104.81M	101.25M
Adjusted Diluted Earnings per Share	$2.72	$0.00	$0.00	$0.00	$0.00	$0.00	$1.75	$1.86	$2.37	$0.00	$2.07
Adjusted Weighted Average Diluted Shares Outstanding	113.78M	116.22M	110.05M	110.86M	110.62M	110.15M	108.56M	107.25M	106.09M	106.85M	103.02M
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	108.35M	108.30M	109.11M	109.45M	107.45M	106.43M	105.76M	104.24M	103.48M	101.74M	100.37M
Normalized Net Operating Profit after Tax (NOPAT)	318	319	185	235	167	234	189	206	251	286	220
Normalized NOPAT Margin	15.63%	12.79%	11.14%	11.41%	9.97%	11.57%	11.15%	10.35%	11.82%	12.12%	11.60%
Pre Tax Income Margin	19.64%	14.79%	14.95%	15.32%	13.63%	11.15%	14.64%	13.42%	15.69%	13.04%	14.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	93.98	0.00	0.00	0.00	821.41	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	73.75	0.00	0.00	0.00	621.20	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	91.73	0.00	0.00	0.00	724.77	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	71.50	0.00	0.00	0.00	524.56	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.03%	2.96%	2.76%	0.23%	0.09%	0.00%	0.03%	0.06%	0.07%	0.99%	0.98%
Augmented Payout Ratio	40.76%	38.58%	32.86%	15.01%	16.66%	16.62%	28.10%	43.72%	34.65%	40.19%	43.99%

Frequently Asked Questions About Taylor Morrison Home's Financials

When does Taylor Morrison Home's financial year end?

According to the most recent income statement we have on file, Taylor Morrison Home's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Taylor Morrison Home's net income changed over the last 9 years?

Taylor Morrison Home's net income appears to be on an upward trend, with a most recent value of $886.57 million in 2024, rising from $229.05 million in 2015. The previous period was $769.74 million in 2023. Check out Taylor Morrison Home's forecast to explore projected trends and price targets.

What is Taylor Morrison Home's operating income?

Taylor Morrison Home's total operating income in 2024 was $1.21 billion, based on the following breakdown:

Total Gross Profit: $1.98 billion
Total Operating Expenses: $770.50 million

How has Taylor Morrison Home revenue changed over the last 9 years?

Over the last 9 years, Taylor Morrison Home's total revenue changed from $2.98 billion in 2015 to $8.17 billion in 2024, a change of 174.4%.

How much debt does Taylor Morrison Home have?

Taylor Morrison Home's total liabilities were at $3.42 billion at the end of 2024, a 2.4% increase from 2023, and a 59.0% increase since 2015.

How much cash does Taylor Morrison Home have?

In the past 9 years, Taylor Morrison Home's cash and equivalents has ranged from $126.19 million in 2015 to $832.82 million in 2021, and is currently $487.15 million as of their latest financial filing in 2024.

How has Taylor Morrison Home's book value per share changed over the last 9 years?

Over the last 9 years, Taylor Morrison Home's book value per share changed from 4.25 in 2015 to 56.69 in 2024, a change of 1,233.2%.

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

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Taylor Morrison Home (TMHC) Financials

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Taylor Morrison Home (TMHC) Financials

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