Taylor Morrison Home (TMHC) Financials

$59.91 +0.44 (+0.74%)

As of 01:54 PM 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	61	53	91	206	255	243	663	1,053	769	883	783
Consolidated Net Income / (Loss)	229	207	177	210	255	250	682	1,056	770	887	791
Net Income / (Loss) Continuing Operations	171	207	177	210	255	250	682	1,056	770	887	791
Total Pre-Tax Income	261	314	356	274	322	324	863	1,393	1,018	1,156	1,042
Total Operating Income	274	319	348	270	323	345	880	1,449	1,084	1,214	1,135
Total Gross Profit	568	680	739	738	824	1,044	1,548	2,092	1,783	1,984	1,870
Total Revenue	2,977	3,550	3,885	4,227	4,762	6,129	7,501	8,225	7,418	8,168	8,121
Operating Revenue	2,977	3,550	3,885	4,227	4,762	6,129	7,501	8,225	7,418	8,168	8,121
Total Cost of Revenue	2,409	2,870	3,146	3,489	3,938	5,085	5,953	6,133	5,635	6,184	6,251
Total Operating Expenses	294	362	390	468	501	700	668	643	699	770	735
Selling, General & Admin Expense	95	122	131	138	170	195	268	245	281	314	274
Marketing Expense	199	240	260	278	320	377	400	398	418	456	461
Total Other Income / (Expense), net	-13	-4.31	7.17	3.16	-0.85	-21	-16	-56	-67	-58	-93
Interest Expense	33	-0.18	-0.58	-1.64	3.13	8.64	3.79	-14	0.30	0.00	13
Interest & Investment Income	1.76	7.45	8.85	13	9.51	11	11	-32	21	-6.97	-42
Other Income / (Expense), net	18	-12	-2.26	-12	-7.23	-23	-24	-38	-88	-51	-38
Income Tax Expense	90	108	179	63	67	75	181	336	248	270	251
Net Income / (Loss) Attributable to Noncontrolling Interest	168	154	85	4.12	0.26	6.09	19	3.45	0.81	3.26	8.76
Basic Earnings per Share	$1.85	$1.69	$1.47	$1.85	-	$1.90	-	-	$7.09	$8.43	$7.90
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	99.07M
Diluted Earnings per Share	$1.85	$1.69	$1.47	$1.83	-	$1.88	-	-	$6.98	$8.27	$7.77
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	100.71M
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	96.33M

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	171	173	190	199	251	242	213	194	201	174	99
Consolidated Net Income / (Loss)	170	173	191	200	251	244	214	196	204	177	100
Net Income / (Loss) Continuing Operations	170	173	191	200	251	244	214	196	204	177	100
Total Pre-Tax Income	228	225	249	267	333	307	279	263	272	228	131
Total Operating Income	224	304	247	276	332	360	287	284	296	268	142
Total Gross Profit	392	492	417	472	531	564	463	467	477	463	291
Total Revenue	1,676	2,020	1,700	1,991	2,121	2,356	1,896	2,030	2,096	2,100	1,387
Operating Revenue	1,676	2,020	1,700	1,991	2,121	2,356	1,896	2,030	2,096	2,100	1,387
Total Cost of Revenue	1,284	1,528	1,283	1,519	1,590	1,792	1,433	1,563	1,619	1,637	1,096
Total Operating Expenses	168	188	170	197	199	204	177	183	181	195	149
Selling, General & Admin Expense	69	75	68	83	82	82	68	67	65	74	59
Marketing Expense	99	114	103	114	118	122	109	116	115	121	90
Total Other Income / (Expense), net	4.48	-79	2.20	-8.34	0.96	-52	-8.08	-21	-24	-40	-11
Interest & Investment Income	7.72	3.38	2.79	-1.46	-2.67	-5.59	-6.52	-13	-12	-11	-8.28
Other Income / (Expense), net	-2.97	-81	-0.60	-6.88	3.64	-47	-1.56	-7.69	-12	-16	-2.83
Income Tax Expense	58	52	58	67	81	63	65	67	68	51	30
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.25	0.58	0.89	0.45	0.35	1.57	0.27	2.41	3.01	3.08	1.80
Basic Earnings per Share	$1.57	-	$1.79	$1.89	$2.41	-	$2.11	$1.94	$2.05	$1.80	$1.03
Weighted Average Basic Shares Outstanding	108.84M	108.42M	106.46M	105.50M	104.13M	104.81M	101.25M	99.54M	98.44M	99.07M	96.03M
Diluted Earnings per Share	$1.54	-	$1.75	$1.86	$2.37	-	$2.07	$1.92	$2.01	$1.77	$1.01
Weighted Average Diluted Shares Outstanding	110.62M	110.15M	108.56M	107.25M	106.09M	106.85M	103.02M	100.92M	100.05M	100.71M	97.53M
Weighted Average Basic & Diluted Shares Outstanding	107.45M	106.43M	105.76M	104.24M	103.48M	101.74M	100.37M	98.84M	97.73M	96.33M	93.43M

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	-336	174	274	-244	-3.29	206	302	-110	80	-320	364
Net Cash From Operating Activities	-263	373	386	136	393	1,123	377	1,108	806	210	817
Net Cash From Continuing Operating Activities	-263	373	386	136	393	1,123	377	1,108	806	210	817
Net Income / (Loss) Continuing Operations	171	207	177	210	255	250	682	1,056	770	887	791
Consolidated Net Income / (Loss)	229	207	177	210	255	250	682	1,056	770	887	791
Depreciation Expense	4.11	3.97	3.95	26	31	37	40	34	33	41	40
Amortization Expense	4.44	3.84	3.82	2.37	1.17	-1.85	0.54	2.26	3.32	2.89	2.73
Non-Cash Adjustments To Reconcile Net Income	12	11	9.71	49	50	74	63	112	63	159	164
Changes in Operating Assets and Liabilities, net	-454	147	192	-153	56	765	-409	-97	-64	-880	-181
Net Cash From Investing Activities	50	-81	-36	-160	-19	-313	-74	-15	-97	-136	-155
Net Cash From Continuing Investing Activities	50	-81	-36	-160	-19	-313	-74	-15	-97	-136	-155
Purchase of Property, Plant & Equipment	-4.30	-1.91	-3.42	-20	-30	-38	-21	-31	-33	-36	-40
Acquisitions	-254	-85	-37	-196	-13	-315	-75	-110	-65	-130	-86
Purchase of Investments	-	-	-	-	0.00	0.00	-10	-	0.00	0.00	-61
Sale and/or Maturity of Investments	30	-	-	-	-	-	-	-	0.00	0.00	1.39
Other Investing Activities, net	10	6.09	4.08	57	24	40	32	125	0.82	30	30
Net Cash From Financing Activities	-103	-117	-77	-220	-377	-605	-0.16	-1,203	-629	-394	-299
Net Cash From Continuing Financing Activities	-103	-117	-77	-220	-377	-605	-0.16	-1,203	-629	-394	-299
Repayment of Debt	-1,876	-118	-934	-1,123	-2,662	-4,323	-3,266	-3,877	-3,531	-3,783	-4,343
Repurchase of Common Equity	-15	-29	-4.10	-340	-157	-103	-281	-376	-128	-348	-381
Payment of Dividends	-1.81	-1.31	-1,115	-767	4.20	-8.29	-59	-31	0.00	-8.76	-3.46
Issuance of Debt	1,792	33	860	1,243	2,438	3,872	3,590	3,081	3,015	3,752	4,431
Issuance of Common Equity	0.00	0.00	1,112	767	-	-	18	1.38	17	-4.72	-0.49
Other Financing Activities, net	-3.05	-2.95	4.93	0.05	0.05	-43	-1.35	-1.34	-1.32	-1.40	-1.39
Cash Income Taxes Paid	91	108	97	63	20	3.36	146	270	204	264	304

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-613	193	-250	-309	8.52	230	-109	-244	237	480	-198
Net Cash From Operating Activities	-57	256	-131	-233	136	438	77	-126	220	646	-10
Net Cash From Continuing Operating Activities	-57	256	-131	-233	136	438	77	-126	220	646	-10
Net Income / (Loss) Continuing Operations	170	173	191	200	251	244	214	196	204	177	100
Consolidated Net Income / (Loss)	170	173	191	200	251	244	214	196	204	177	100
Depreciation Expense	9.24	9.69	10	11	9.91	9.70	9.02	10	10	11	11
Amortization Expense	0.83	0.74	0.74	0.74	0.74	0.67	0.67	0.67	0.67	0.73	0.80
Non-Cash Adjustments To Reconcile Net Income	23	13	12	25	11	112	29	23	42	70	21
Changes in Operating Assets and Liabilities, net	-260	59	-344	-470	-137	72	-175	-356	-37	388	-144
Net Cash From Investing Activities	-49	-3.09	-33	-24	-25	-54	-45	-11	-28	-71	-18
Net Cash From Continuing Investing Activities	-49	-3.09	-33	-24	-25	-54	-45	-11	-28	-71	-18
Purchase of Property, Plant & Equipment	-26	14	-9.11	-8.33	-8.83	-10	-8.51	-7.68	-13	-11	-9.96
Acquisitions	-24	-17	-24	-21	-30	-55	-37	-12	-25	-12	-6.48
Purchase of Investments	-	-	-	-	-	-	0.00	-	-	-	-17
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	-	6.29
Other Investing Activities, net	0.38	0.09	-	5.16	13	11	0.00	-	10	12	8.75
Net Cash From Financing Activities	-508	-60	-86	-51	-102	-154	-141	-107	45	-95	-169
Net Cash From Continuing Financing Activities	-508	-60	-86	-51	-102	-154	-141	-107	45	-95	-169
Repayment of Debt	-1,111	-845	-695	-843	-1,122	-1,123	-853	-975	-1,045	-1,469	-533
Repurchase of Common Equity	-100	-24	-92	-105	-61	-90	-135	-100	-75	-71	-150
Payment of Dividends	-	-	-0.26	-0.17	-0.15	-8.18	-0.39	-3.07	-	-	-9.40
Issuance of Debt	700	809	713	896	1,079	1,064	855	970	1,161	1,445	531
Issuance of Common Equity	3.65	0.28	-11	1.43	1.99	2.73	-5.66	0.64	4.09	0.44	-7.57
Other Financing Activities, net	-0.00	-0.00	-1.33	-0.03	-0.02	-0.02	-1.32	-0.02	-0.02	-0.02	-1.32
Cash Income Taxes Paid	75	50	-0.12	126	63	76	0.02	157	73	74	-0.68

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	2025
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	12/31/2025
Total Assets	4,122	4,221	4,326	5,264	5,246	7,738	8,728	8,471	8,672	9,297	9,838
Total Current Assets	3,455	3,510	3,703	4,499	4,474	6,211	6,804	6,818	6,828	7,310	7,800
Cash & Equivalents	126	300	574	330	326	533	833	724	799	487	850
Restricted Cash	1.28	1.63	1.58	2.21	2.14	1.27	3.52	2.15	8.53	0.02	1.19
Accounts Receivable	121	115	94	87	70	96	151	192	185	218	242
Inventories, net	3,127	3,017	2,959	3,981	3,987	5,332	5,500	5,371	5,545	6,234	6,141
Prepaid Expenses	80	73	72	98	86	243	315	265	291	371	567
Plant, Property, & Equipment, net	7.39	6.59	7.11	87	86	98	155	202	295	233	259
Total Noncurrent Assets	660	704	616	679	686	1,429	1,769	1,451	1,549	1,755	1,779
Long-Term Investments	128	158	192	141	129	128	171	283	346	440	487
Goodwill	58	66	66	152	149	663	663	663	663	663	663
Noncurrent Deferred & Refundable Income Taxes	233	207	118	145	140	238	151	68	68	76	74
Other Noncurrent Operating Assets	236	270	237	240	267	400	783	437	472	576	554
Total Liabilities & Shareholders' Equity	4,122	4,221	4,326	5,264	5,246	7,738	8,728	8,471	8,672	9,297	9,838
Total Liabilities	2,150	2,061	1,979	2,846	2,700	4,144	4,757	3,824	3,340	3,419	3,529
Total Current Liabilities	657	667	465	549	617	785	1,192	760	966	1,079	1,025
Short-Term Debt	183	199	119	130	123	127	414	-	153	174	83
Accounts Payable	152	137	140	152	165	215	253	270	263	270	252
Accrued Expenses	191	209	202	267	325	430	525	490	549	632	683
Current Deferred & Payable Income Tax Liabilities	38	11	4.53	0.00	3.72	13	-	-	0.00	2.24	8.15
Total Noncurrent Liabilities	1,493	1,394	1,514	2,297	2,083	3,359	3,564	3,064	2,374	2,340	2,504
Long-Term Debt	1,485	1,388	1,379	2,079	1,818	2,801	2,888	2,484	1,864	1,946	2,209
Capital Lease Obligations	-	-	-	0.00	42	83	96	100	85	79	72
Noncurrent Deferred Revenue	-	-	133	165	167	311	486	412	326	239	125
Other Noncurrent Operating Liabilities	7.92	6.25	2.53	52	56	163	94	68	99	76	99
Commitments & Contingencies	0.00	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	6,309
Total Preferred & Common Equity	520	552	1,596	2,415	2,538	3,505	3,926	4,630	5,315	5,867	0.00
Total Common Equity	520	552	1,596	2,415	2,538	3,505	3,926	4,630	5,315	5,867	0.00

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	Q2 2025	Q3 2025	Q1 2026
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	6/30/2025	9/30/2025	3/31/2026
Total Assets	8,594	8,376	8,749	8,437	8,910	9,099	9,300	9,384	9,451	9,628	9,772
Total Current Assets	6,716	6,639	6,912	6,796	7,020	7,285	7,241	7,330	7,331	7,856	8,081
Cash & Equivalents	329	878	1,227	614	554	247	256	378	130	371	653
Restricted Cash	0.58	6.72	0.77	0.77	3.11	1.93	0.85	0.29	4.09	0.33	0.50
Accounts Receivable	214	196	189	189	190	215	208	212	241	266	270
Inventories, net	5,959	5,333	5,234	5,480	5,985	6,286	6,441	6,351	6,506	6,403	6,239
Prepaid Expenses	189	225	261	306	288	330	336	388	450	455	530
Other Current Assets	24	-	-	206	-	205	-	-	-	361	388
Plant, Property, & Equipment, net	224	213	224	263	301	317	322	247	268	283	269
Total Noncurrent Assets	1,654	1,524	1,613	1,379	1,590	1,498	1,736	1,807	1,851	1,489	1,423
Long-Term Investments	306	295	306	330	370	382	397	475	475	488	483
Goodwill	663	663	663	663	663	663	663	663	663	663	663
Noncurrent Deferred & Refundable Income Taxes	151	68	68	68	68	68	68	76	76	76	74
Other Noncurrent Operating Assets	534	498	576	318	489	385	608	593	637	261	202
Total Liabilities & Shareholders' Equity	8,594	8,376	8,749	8,437	8,910	9,099	9,300	9,384	9,451	9,628	9,772
Total Liabilities	4,190	3,530	3,653	3,262	3,484	3,573	3,577	3,427	3,393	3,430	3,524
Total Current Liabilities	1,422	822	997	1,141	964	1,178	1,086	1,070	1,080	1,068	850
Accounts Payable	264	248	282	273	276	311	269	277	312	285	255
Accrued Expenses	457	425	462	487	459	519	578	551	597	619	586
Current Deferred & Payable Income Tax Liabilities	28	2.98	3.01	0.00	46	-	5.53	67	0.00	0.00	8.33
Total Noncurrent Liabilities	2,768	2,708	2,657	2,121	2,520	2,394	2,491	2,356	2,313	2,362	2,674
Long-Term Debt	2,584	2,156	2,144	1,992	1,910	2,150	1,910	1,908	1,928	2,191	2,342
Capital Lease Obligations	92	93	89	86	81	82	79	75	74	73	73
Noncurrent Deferred Revenue	-	414	381	-	358	-	308	243	211	-	155
Other Noncurrent Operating Liabilities	93	45	43	43	171	162	194	131	99	99	105
Commitments & Contingencies	0.00	0.00	0.00	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	6,058	6,198	6,248
Total Preferred & Common Equity	0.00	0.00	0.00	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	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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.91%	19.26%	9.44%	8.81%	12.65%	28.71%	22.38%	9.65%	-9.81%	10.11%	-0.57%
EBITDA Growth	-1.98%	4.48%	12.60%	-18.84%	21.30%	2.46%	151.01%	61.42%	-28.56%	16.80%	-5.53%
EBIT Growth	-1.81%	4.86%	12.94%	-25.33%	22.18%	1.80%	166.11%	64.84%	-29.34%	16.68%	-5.64%
NOPAT Growth	-24.00%	16.65%	-17.34%	20.20%	22.85%	3.82%	162.05%	58.06%	-25.39%	13.50%	-7.38%
Net Income Growth	-14.38%	-9.82%	-14.48%	19.15%	21.11%	-2.11%	173.46%	54.79%	-27.12%	15.18%	-10.75%
EPS Growth	-14.75%	-8.65%	-13.02%	24.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.05%
Operating Cash Flow Growth	-96.49%	241.84%	3.66%	-64.89%	190.00%	185.67%	-66.47%	194.11%	-27.23%	-73.94%	289.07%
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%	1,012.15%
Invested Capital Growth	22.63%	-2.90%	-6.40%	35.08%	-2.03%	45.97%	7.04%	-2.20%	0.96%	13.85%	2.56%
Revenue Q/Q Growth	-1.38%	6.83%	2.72%	3.89%	0.18%	1.51%	14.46%	-0.16%	-5.99%	4.30%	-3.07%
EBITDA Q/Q Growth	-3.81%	4.63%	8.36%	-26.69%	7.09%	22.23%	34.00%	2.70%	-13.32%	8.05%	-5.02%
EBIT Q/Q Growth	-5.62%	4.83%	8.57%	-30.11%	7.34%	25.15%	36.21%	2.87%	-13.85%	8.38%	-5.28%
NOPAT Q/Q Growth	-15.92%	5.95%	-20.74%	-8.55%	23.22%	21.13%	38.93%	1.66%	-9.53%	5.84%	-8.17%
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%	-7.80%
EPS Q/Q Growth	24.16%	4.97%	-19.67%	-9.41%	0.00%	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%	34.18%
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%	8.15%
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%	-3.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.08%	19.16%	19.02%	17.46%	17.31%	17.04%	20.63%	25.44%	24.04%	24.29%	23.03%
EBITDA Margin	10.11%	8.86%	9.11%	6.80%	7.32%	5.83%	11.95%	17.59%	13.93%	14.78%	14.04%
Operating Margin	9.20%	8.97%	8.97%	6.40%	6.79%	5.62%	11.73%	17.62%	14.62%	14.86%	13.98%
EBIT Margin	9.82%	8.64%	8.91%	6.12%	6.63%	5.25%	11.41%	17.15%	13.44%	14.24%	13.51%
Profit (Net Income) Margin	7.69%	5.82%	4.55%	4.98%	5.35%	4.07%	9.10%	12.84%	10.38%	10.85%	9.74%
Tax Burden Percent	87.76%	65.74%	49.67%	76.95%	79.10%	76.99%	79.06%	75.84%	75.63%	76.69%	75.93%
Interest Burden Percent	89.27%	102.49%	102.72%	105.79%	102.02%	100.79%	100.86%	98.73%	102.11%	99.40%	94.95%
Effective Tax Rate	34.48%	34.26%	50.33%	23.05%	20.90%	23.01%	20.94%	24.16%	24.37%	23.31%	24.07%
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%	11.90%
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%	5.74%
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%	1.08%
Return on Equity (ROE)	12.22%	10.00%	7.84%	8.83%	10.27%	8.13%	18.04%	24.51%	15.43%	15.82%	12.98%
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%	9.38%
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%	11.47%
Return on Assets (ROA)	5.55%	4.95%	4.13%	4.39%	4.85%	3.84%	8.29%	12.28%	8.98%	9.87%	8.27%
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%	12.96%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	180	209	173	208	256	265	695	1,099	820	931	862
NOPAT Margin	6.03%	5.90%	4.46%	4.92%	5.37%	4.33%	9.27%	13.36%	11.06%	11.39%	10.61%
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%	6.16%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	15.20%	11.03%	11.52%	9.94%
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%	76.97%
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%	3.37%
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	9.87%	10.19%	10.05%	11.07%	10.52%	11.41%	8.91%	7.82%	9.42%	9.43%	9.05%
Earnings before Interest and Taxes (EBIT)	292	307	346	259	316	322	856	1,411	997	1,163	1,098
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	301	314	354	287	348	357	896	1,447	1,034	1,207	1,140
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	0.91
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	1.02
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	0.71
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	7.35
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	3.12%	2.29%	3.12%	10.94%	11.01%	7.30%	15.43%	32.02%	13.41%	13.95%	13.60%
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	0.93
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	0.84
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	5.96
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	6.19
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	7.88
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	8.31
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	10.00
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	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	0.37
Financial Leverage	0.64	0.61	0.41	0.52	0.66	0.63	0.63	0.46	0.25	0.20	0.19
Leverage Ratio	2.20	2.02	1.90	2.01	2.12	2.11	2.18	2.00	1.72	1.60	1.57
Compound Leverage Factor	1.97	2.07	1.95	2.13	2.16	2.13	2.20	1.97	1.75	1.59	1.49
Debt to Total Capital	45.82%	42.34%	38.97%	47.74%	43.79%	45.59%	46.11%	35.74%	28.28%	27.23%	27.24%
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%	0.00%
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%	27.24%
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	39.90%	42.93%	19.52%	0.08%	0.18%	1.35%	0.61%	0.23%	0.23%	0.14%	0.18%
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%	72.57%
Debt to EBITDA	5.54	5.05	4.23	7.69	5.69	8.43	3.79	1.79	2.03	1.82	2.07
Net Debt to EBITDA	4.69	3.58	2.06	6.05	4.38	6.58	2.67	1.09	0.92	1.05	0.90
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	2.07
Debt to NOPAT	9.29	7.58	8.65	10.62	7.76	11.35	4.89	2.35	2.56	2.36	2.74
Net Debt to NOPAT	7.87	5.38	4.22	8.35	5.97	8.85	3.44	1.43	1.16	1.37	1.19
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	2.74
Altman Z-Score	2.38	2.63	3.05	2.40	2.71	2.44	2.77	3.35	3.64	3.87	3.79
Noncontrolling Interest Sharing Ratio	73.38%	74.07%	52.34%	15.82%	0.23%	1.58%	1.78%	0.72%	0.34%	0.26%	0.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.26	5.27	7.96	8.20	7.25	7.91	5.71	8.97	7.07	6.77	8.66
Quick Ratio	0.38	0.62	1.44	0.76	0.64	0.80	0.82	1.21	1.02	0.65	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-445	308	383	-871	340	-1,606	277	1,239	760	61	679
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%	2,024.53%
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	50.97
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	61.34
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	58.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.85	0.91	0.88	0.91	0.94	0.91	0.96	0.87	0.91	0.85
Accounts Receivable Turnover	28.90	30.09	37.05	46.69	60.65	73.54	60.71	48.05	39.45	40.62	35.36
Inventory Turnover	0.85	0.93	1.05	1.01	0.99	1.09	1.10	1.13	1.03	1.05	1.01
Fixed Asset Turnover	467.91	508.13	567.28	90.09	55.18	66.70	59.27	46.00	29.82	30.95	33.03
Accounts Payable Turnover	17.56	19.89	22.73	23.92	24.91	26.79	25.42	23.45	21.13	23.17	23.96
Days Sales Outstanding (DSO)	12.63	12.13	9.85	7.82	6.02	4.96	6.01	7.60	9.25	8.99	10.32
Days Inventory Outstanding (DIO)	427.68	390.72	346.66	362.98	369.23	334.45	332.05	323.49	353.56	347.64	361.27
Days Payable Outstanding (DPO)	20.78	18.35	16.06	15.26	14.65	13.62	14.36	15.57	17.27	15.75	15.24
Cash Conversion Cycle (CCC)	419.52	384.51	340.45	355.54	360.59	325.79	323.70	315.52	345.54	340.87	356.36
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	7,334
Invested Capital Turnover	0.97	1.06	1.22	1.17	1.16	1.22	1.22	1.31	1.19	1.22	1.12
Increase / (Decrease) in Invested Capital	625	-98	-210	1,079	-84	1,872	418	-140	60	870	183
Enterprise Value (EV)	4,822	5,035	4,406	3,628	3,847	5,772	6,732	4,879	6,699	7,618	6,793
Market Capitalization	1,956	2,300	2,926	1,887	2,314	3,333	4,296	3,288	5,732	6,334	5,753
Book Value per Share	$4.25	$4.62	$13.35	$20.35	$23.98	$26.97	$31.95	$42.74	$49.47	$56.69	$64.40
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	$57.61
Total Capital	3,641	3,747	3,845	4,628	4,529	6,605	7,369	7,231	7,434	8,078	8,672
Total Debt	1,668	1,587	1,498	2,210	1,983	3,012	3,398	2,584	2,102	2,199	2,363
Total Long-Term Debt	1,485	1,388	1,379	2,079	1,860	2,884	2,984	2,584	1,949	2,025	2,363
Net Debt	1,413	1,127	730	1,737	1,526	2,350	2,391	1,575	949	1,273	1,024
Capital Expenditures (CapEx)	4.30	1.91	3.42	20	30	38	21	31	33	36	40
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	6,367
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	7,219
Net Working Capital (NWC)	2,798	2,843	3,238	3,950	3,857	5,426	5,611	6,058	5,862	6,230	7,219
Net Nonoperating Expense (NNE)	-50	2.83	-3.56	-2.43	0.67	16	13	43	50	44	71
Net Nonoperating Obligations (NNO)	1,413	1,127	730	1,737	1,526	2,350	2,391	1,575	949	1,273	1,024
Total Depreciation and Amortization (D&A)	8.55	7.82	7.77	29	33	35	41	36	37	44	43
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%	78.40%
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%	88.88%
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%	88.88%
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	$7.90
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	99.07M
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	$7.77
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	100.71M
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	120.99M	119.47M	112.12M	109.92M	134.45M	128.83M	121.29M	108.30M	106.43M	101.74M	96.33M
Normalized Net Operating Profit after Tax (NOPAT)	180	209	244	247	264	363	695	1,099	820	931	862
Normalized NOPAT Margin	6.03%	5.90%	6.28%	5.85%	5.54%	5.93%	9.27%	13.36%	11.06%	11.39%	10.61%
Pre Tax Income Margin	8.77%	8.85%	9.15%	6.47%	6.77%	5.29%	11.51%	16.93%	13.72%	14.15%	12.83%
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	82.37
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	64.70
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	79.34
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	61.67
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%	0.44%
Augmented Payout Ratio	7.34%	14.45%	633.26%	525.95%	60.11%	44.73%	49.91%	38.58%	16.62%	40.19%	48.59%

This table displays calculated financial ratios and metrics derived from Taylor Morrison Home's 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	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	96,333,668.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	96,333,668.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-17.65%	-18.95%	2.28%	-3.37%	26.58%	16.67%	11.55%	1.96%	-1.18%	-10.90%	-26.84%
EBITDA Growth	-44.18%	-40.50%	1.48%	-11.08%	49.77%	38.51%	14.67%	2.43%	-14.75%	-18.63%	-48.95%
EBIT Growth	-45.46%	-41.81%	0.29%	-12.61%	51.78%	40.34%	15.85%	3.01%	-15.34%	-19.56%	-51.26%
NOPAT Growth	-47.44%	-26.70%	2.33%	-12.31%	50.05%	22.27%	16.08%	2.72%	-11.42%	-27.01%	-50.45%
Net Income Growth	-44.88%	-37.12%	-0.04%	-14.90%	47.54%	40.92%	11.81%	-1.97%	-18.70%	-27.43%	-53.01%
EPS Growth	0.00%	0.00%	0.57%	-12.26%	53.90%	0.00%	18.29%	3.23%	-15.19%	-22.71%	-51.21%
Operating Cash Flow Growth	-121.38%	-60.54%	-137.63%	-189.86%	340.30%	71.45%	159.07%	46.02%	61.63%	47.50%	-113.51%
Free Cash Flow Firm Growth	73.68%	-62.11%	-168.42%	-216.04%	-263.76%	-435.89%	12.40%	67.81%	87.88%	104.38%	58.20%
Invested Capital Growth	-4.24%	0.96%	10.08%	17.94%	15.57%	13.85%	8.83%	6.94%	4.26%	2.56%	3.63%
Revenue Q/Q Growth	-18.69%	20.55%	-15.85%	17.14%	6.52%	11.11%	-19.54%	7.07%	3.24%	0.19%	-33.94%
EBITDA Q/Q Growth	-26.83%	1.04%	10.13%	9.21%	23.25%	-6.56%	-8.83%	-2.45%	2.58%	-10.82%	-42.80%
EBIT Q/Q Growth	-28.13%	0.93%	10.35%	9.18%	24.82%	-6.68%	-8.90%	-2.92%	2.59%	-11.33%	-44.80%
NOPAT Q/Q Growth	-28.92%	39.80%	-18.90%	8.80%	21.63%	13.92%	-23.01%	-3.72%	4.89%	-6.13%	-47.74%
Net Income Q/Q Growth	-27.44%	1.59%	10.39%	4.58%	25.79%	-2.96%	-12.41%	-8.30%	4.32%	-13.38%	-43.29%
EPS Q/Q Growth	-27.36%	0.00%	0.00%	6.29%	27.42%	0.00%	0.00%	-7.25%	4.69%	-11.94%	-42.94%
Operating Cash Flow Q/Q Growth	-121.78%	552.00%	-151.15%	-78.47%	158.24%	222.51%	-82.38%	-263.09%	274.38%	194.31%	-101.61%
Free Cash Flow Firm Q/Q Growth	-40.97%	-61.08%	-342.60%	-108.20%	16.69%	20.17%	36.73%	23.50%	68.63%	128.81%	-704.51%
Invested Capital Q/Q Growth	4.39%	-0.45%	6.25%	6.82%	2.29%	-1.93%	1.57%	4.95%	-0.26%	-3.54%	2.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.38%	24.36%	24.52%	23.72%	25.04%	23.93%	24.43%	23.03%	22.74%	22.04%	20.95%
EBITDA Margin	13.79%	11.56%	15.12%	14.10%	16.32%	13.72%	15.55%	14.17%	14.08%	12.53%	10.85%
Operating Margin	13.36%	15.05%	14.51%	13.84%	15.64%	15.27%	15.12%	14.01%	14.12%	12.77%	10.22%
EBIT Margin	13.19%	11.04%	14.48%	13.49%	15.81%	13.28%	15.04%	13.63%	13.55%	11.99%	10.02%
Profit (Net Income) Margin	10.17%	8.57%	11.25%	10.04%	11.86%	10.36%	11.27%	9.65%	9.76%	8.43%	7.24%
Tax Burden Percent	74.62%	76.87%	76.81%	74.81%	75.59%	79.40%	76.72%	74.44%	75.06%	77.74%	76.85%
Interest Burden Percent	103.37%	101.01%	101.14%	99.46%	99.20%	98.20%	97.71%	95.12%	95.94%	90.50%	94.04%
Effective Tax Rate	25.38%	23.13%	23.19%	25.19%	24.41%	20.60%	23.28%	25.56%	24.94%	22.26%	23.15%
Return on Invested Capital (ROIC)	12.20%	13.72%	13.05%	11.61%	13.62%	14.74%	13.92%	11.88%	11.92%	11.14%	8.09%
ROIC Less NNEP Spread (ROIC-NNEP)	12.40%	8.93%	13.19%	11.12%	13.67%	11.00%	13.44%	10.89%	10.74%	8.40%	7.43%
Return on Net Nonoperating Assets (RNNOA)	4.30%	2.26%	3.16%	2.67%	3.39%	2.18%	3.01%	2.98%	2.68%	1.58%	1.57%
Return on Equity (ROE)	16.50%	15.98%	16.21%	14.28%	17.00%	16.92%	16.94%	14.86%	14.60%	12.72%	9.66%
Cash Return on Invested Capital (CROIC)	18.39%	12.16%	3.34%	-4.39%	-1.51%	0.91%	5.33%	6.41%	8.43%	9.38%	6.59%
Operating Return on Assets (OROA)	12.22%	9.55%	12.49%	11.17%	13.96%	12.07%	13.75%	12.35%	11.99%	10.18%	7.96%
Return on Assets (ROA)	9.43%	7.42%	9.70%	8.31%	10.47%	9.41%	10.31%	8.75%	8.64%	7.16%	5.75%
Return on Common Equity (ROCE)	0.00%	15.93%	0.00%	0.00%	0.00%	16.88%	0.00%	0.00%	0.00%	12.69%	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)	167	234	189	206	251	286	220	212	222	208	109
NOPAT Margin	9.97%	11.57%	11.15%	10.35%	11.82%	12.12%	11.60%	10.43%	10.60%	9.93%	7.86%
Net Nonoperating Expense Percent (NNEP)	-0.20%	4.79%	-0.14%	0.49%	-0.05%	3.75%	0.49%	1.00%	1.19%	2.73%	0.66%
Return On Investment Capital (ROIC_SIMPLE)	-	3.14%	-	-	-	3.54%	2.71%	2.57%	2.63%	2.40%	1.26%
Cost of Revenue to Revenue	76.62%	75.64%	75.48%	76.28%	74.96%	76.07%	75.57%	76.97%	77.26%	77.96%	79.05%
SG&A Expenses to Revenue	4.12%	3.70%	3.97%	4.16%	3.85%	3.50%	3.56%	3.28%	3.11%	3.53%	4.25%
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	10.01%	9.32%	10.01%	9.88%	9.40%	8.67%	9.32%	9.02%	8.62%	9.27%	10.73%
Earnings before Interest and Taxes (EBIT)	221	223	246	269	335	313	285	277	284	252	139
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	231	233	257	281	346	323	295	288	295	263	150
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.08	0.00	0.00	0.00	1.08	0.00	0.00	0.00	0.91	0.00
Price to Tangible Book Value (P/TBV)	0.00	1.23	0.00	0.00	0.00	1.22	0.00	0.00	0.00	1.02	0.00
Price to Revenue (P/Rev)	0.59	0.77	0.90	0.79	0.94	0.78	0.73	0.73	0.78	0.71	0.74
Price to Earnings (P/E)	5.35	7.46	8.70	8.00	9.00	7.17	6.74	6.84	7.67	7.35	8.40
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	18.69%	13.41%	11.50%	12.50%	11.11%	13.95%	14.84%	14.61%	13.04%	13.60%	11.90%
Enterprise Value to Invested Capital (EV/IC)	0.92	1.07	1.19	1.05	1.22	1.07	1.02	1.01	1.04	0.93	0.92
Enterprise Value to Revenue (EV/Rev)	0.73	0.90	1.06	1.01	1.14	0.93	0.89	0.92	0.95	0.84	0.90
Enterprise Value to EBITDA (EV/EBITDA)	4.86	6.48	7.64	7.45	7.96	6.31	5.96	6.18	6.60	5.96	6.92
Enterprise Value to EBIT (EV/EBIT)	5.01	6.72	7.95	7.79	8.29	6.55	6.17	6.39	6.84	6.19	7.24
Enterprise Value to NOPAT (EV/NOPAT)	6.40	8.17	9.62	9.38	10.11	8.19	7.71	7.99	8.45	7.88	9.17
Enterprise Value to Operating Cash Flow (EV/OCF)	4.84	8.31	24.17	0.00	324.09	36.26	17.73	14.71	13.02	8.31	9.44
Enterprise Value to Free Cash Flow (EV/FCFF)	4.89	8.81	37.23	0.00	0.00	124.77	19.94	16.35	12.63	10.00	14.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.39	0.40	0.40	0.39	0.37	0.36	0.36	0.37	0.37	0.39
Long-Term Debt to Equity	0.40	0.37	0.37	0.40	0.35	0.34	0.33	0.33	0.37	0.37	0.39
Financial Leverage	0.35	0.25	0.24	0.24	0.25	0.20	0.22	0.27	0.25	0.19	0.21
Leverage Ratio	1.78	1.72	1.68	1.68	1.63	1.60	1.61	1.60	1.59	1.57	1.57
Compound Leverage Factor	1.84	1.74	1.70	1.67	1.61	1.57	1.57	1.52	1.52	1.42	1.48
Debt to Total Capital	28.65%	28.28%	28.61%	28.77%	27.97%	27.23%	26.60%	26.41%	26.75%	27.24%	27.87%
Short-Term Debt to Total Capital	0.00%	2.06%	2.41%	0.00%	2.94%	2.16%	2.17%	2.08%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	28.65%	26.21%	26.20%	28.77%	25.04%	25.07%	24.43%	24.33%	26.75%	27.24%	27.87%
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%	0.14%	0.00%	0.00%	0.00%	0.18%	0.00%
Common Equity to Total Capital	0.00%	71.49%	0.00%	0.00%	0.00%	72.63%	0.00%	0.00%	0.00%	72.57%	0.00%
Debt to EBITDA	1.74	2.03	2.10	2.23	1.99	1.82	1.73	1.74	1.89	2.07	2.42
Net Debt to EBITDA	0.95	0.92	1.20	1.60	1.40	1.05	1.05	1.25	1.17	0.90	1.28
Long-Term Debt to EBITDA	1.74	1.89	1.92	2.23	1.78	1.68	1.59	1.60	1.89	2.07	2.42
Debt to NOPAT	2.29	2.56	2.64	2.81	2.53	2.36	2.25	2.25	2.41	2.74	3.22
Net Debt to NOPAT	1.25	1.16	1.51	2.01	1.78	1.37	1.36	1.62	1.50	1.19	1.70
Long-Term Debt to NOPAT	2.29	2.38	2.42	2.81	2.26	2.18	2.06	2.07	2.41	2.74	3.22
Altman Z-Score	2.68	3.35	2.89	2.70	2.98	3.57	2.86	2.87	2.95	3.51	2.67
Noncontrolling Interest Sharing Ratio	100.00%	0.34%	100.00%	100.00%	100.00%	0.26%	100.00%	100.00%	100.00%	0.23%	100.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.96	7.07	7.28	6.18	6.67	6.77	6.85	6.79	7.36	8.66	9.51
Quick Ratio	0.70	1.02	0.77	0.39	0.43	0.65	0.55	0.34	0.60	1.16	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	447	174	-422	-878	-732	-584	-370	-283	-89	26	-154
Operating Cash Flow to CapEx	-217.53%	0.00%	-1,434.94%	-2,800.98%	1,539.12%	4,356.35%	907.21%	-1,640.07%	1,683.45%	5,806.96%	-104.70%
Free Cash Flow to Firm to Interest Expense	1,660.84	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-210.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-306.87	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.93	0.87	0.86	0.83	0.88	0.91	0.91	0.91	0.89	0.85	0.79
Accounts Receivable Turnover	39.16	39.45	38.64	36.53	39.52	40.62	41.62	36.86	35.38	35.36	31.59
Inventory Turnover	1.05	1.03	1.00	0.97	0.99	1.05	1.03	1.00	1.00	1.01	0.94
Fixed Asset Turnover	32.45	29.82	29.00	27.33	26.77	30.95	30.52	28.72	27.66	33.03	29.50
Accounts Payable Turnover	22.34	21.13	21.59	18.95	21.84	23.17	22.92	20.50	23.11	23.96	22.24
Days Sales Outstanding (DSO)	9.32	9.25	9.45	9.99	9.24	8.99	8.77	9.90	10.32	10.32	11.56
Days Inventory Outstanding (DIO)	347.99	353.56	365.24	374.55	367.54	347.64	355.47	366.06	365.85	361.27	388.45
Days Payable Outstanding (DPO)	16.34	17.27	16.91	19.26	16.71	15.75	15.92	17.81	15.80	15.24	16.41
Cash Conversion Cycle (CCC)	340.98	345.54	357.78	365.28	360.07	340.87	348.32	358.16	360.37	356.36	383.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,309	6,281	6,673	7,128	7,292	7,151	7,263	7,623	7,603	7,334	7,526
Invested Capital Turnover	1.22	1.19	1.17	1.12	1.15	1.22	1.20	1.14	1.13	1.12	1.03
Increase / (Decrease) in Invested Capital	-280	60	611	1,084	982	870	589	494	311	183	263
Enterprise Value (EV)	5,798	6,699	7,927	7,465	8,892	7,618	7,414	7,729	7,930	6,793	6,889
Market Capitalization	4,664	5,732	6,680	5,864	7,324	6,334	6,108	6,165	6,525	5,753	5,610
Book Value per Share	$0.00	$49.47	$0.00	$0.00	$0.00	$56.69	$0.00	$0.00	$0.00	$64.40	$0.00
Tangible Book Value per Share	($6.06)	$43.29	($6.23)	($6.27)	($6.36)	$50.28	($6.52)	($6.61)	($6.71)	$57.61	($6.88)
Total Capital	7,254	7,434	7,601	7,759	7,946	8,078	8,116	8,232	8,461	8,672	8,663
Total Debt	2,078	2,102	2,175	2,232	2,223	2,199	2,159	2,174	2,264	2,363	2,415
Total Long-Term Debt	2,078	1,949	1,991	2,232	1,989	2,025	1,983	2,002	2,264	2,363	2,415
Net Debt	1,134	949	1,247	1,602	1,568	1,273	1,305	1,565	1,405	1,024	1,278
Capital Expenditures (CapEx)	26	-14	9.11	8.33	8.83	10	8.51	7.68	13	11	9.96
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5,040	5,208	5,682	5,858	6,132	5,918	6,057	6,288	6,417	6,367	6,577
Debt-free Net Working Capital (DFNWC)	5,655	6,015	6,239	6,106	6,389	6,405	6,435	6,422	6,788	7,219	7,231
Net Working Capital (NWC)	5,655	5,862	6,056	6,106	6,156	6,230	6,259	6,251	6,788	7,219	7,231
Net Nonoperating Expense (NNE)	-3.34	60	-1.69	6.24	-0.73	42	6.20	16	18	31	8.54
Net Nonoperating Obligations (NNO)	1,134	949	1,247	1,602	1,568	1,273	1,305	1,565	1,405	1,024	1,278
Total Depreciation and Amortization (D&A)	10	10	11	12	11	10	9.69	11	11	11	12
Debt-free, Cash-free Net Working Capital to Revenue	63.88%	70.21%	76.20%	79.31%	78.30%	72.45%	72.41%	74.83%	76.59%	78.40%	86.40%
Debt-free Net Working Capital to Revenue	71.67%	81.09%	83.68%	82.67%	81.58%	78.41%	76.93%	76.42%	81.02%	88.88%	94.98%
Net Working Capital to Revenue	71.67%	79.03%	81.22%	82.67%	78.60%	76.28%	74.83%	74.38%	81.02%	88.88%	94.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.79	$1.89	$2.41	$0.00	$2.11	$1.94	$2.05	$1.80	$1.03
Adjusted Weighted Average Basic Shares Outstanding	108.84M	108.42M	106.46M	105.50M	104.13M	104.81M	101.25M	99.54M	98.44M	99.07M	96.03M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.75	$1.86	$2.37	$0.00	$2.07	$1.92	$2.01	$1.77	$1.01
Adjusted Weighted Average Diluted Shares Outstanding	110.62M	110.15M	108.56M	107.25M	106.09M	106.85M	103.02M	100.92M	100.05M	100.71M	97.53M
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	107.45M	106.43M	105.76M	104.24M	103.48M	101.74M	100.37M	98.84M	97.73M	96.33M	93.43M
Normalized Net Operating Profit after Tax (NOPAT)	167	234	189	206	251	286	220	212	222	208	109
Normalized NOPAT Margin	9.97%	11.57%	11.15%	10.35%	11.82%	12.12%	11.60%	10.43%	10.60%	9.93%	7.86%
Pre Tax Income Margin	13.63%	11.15%	14.64%	13.42%	15.69%	13.04%	14.69%	12.97%	13.00%	10.85%	9.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	821.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	621.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	724.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	524.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.09%	0.00%	0.03%	0.06%	0.07%	0.99%	0.98%	1.30%	1.36%	0.44%	1.84%
Augmented Payout Ratio	16.66%	16.62%	28.10%	43.72%	34.65%	40.19%	43.99%	43.98%	47.91%	48.59%	60.18%

Financials Breakdown Chart

Key Financial Trends

Taylor Morrison Home Corp (TMHC) has shown a mix of stability and pressure in its latest quarterly results. Below are the key takeaways from the most recent quarter (Q4 2025) and the four-year trend, focused for retail investors.

Net cash from continuing operating activities in Q4 2025: about $646.4M, up from $438.2M in Q4 2024.
Net change in cash and equivalents in Q4 2025: $+480.3M, boosting short-term liquidity.
Net income attributable to common shareholders in Q4 2025: about $174.0M, confirming quarterly profitability.
Debt issuance in Q4 2025: roughly $1,445.1M, providing additional liquidity and financial flexibility.

Revenue trend: Q4 2025 operating revenue of about $2.10B is down from Q4 2024 (~$2.36B), indicating a year-over-year pressure on top line.
Operating margin: Q4 2025’s operating income of about $268.2M on ~$2.10B revenue yields a margin around 12.8%, lower than Q4 2024’s margin around 15%+.
Quarterly cash flow volatility: cash from operations swung across 2025 (e.g., positive in Q4 after earlier quarters), suggesting some quarterly variability in cash generation.

Net income pressure: Q4 2025 net income attributed to common shareholders (~$174.0M) declined versus Q4 2024 (~$242.5M), signaling softer earnings year over year.
Earnings per share: Diluted EPS in Q4 2025 is about $1.77, down from prior-year levels (Q4 2024 diluted EPS ~$2.37 and other 2025 quarters around the $2.00 range).
Investing cash outflows: Q4 2025 shows investing outflows of roughly $70.9M, continuing to weigh on cash usage for growth Capex and acquisitions.

05/08/26 12:54 PM ETAI Generated. May Contain Errors.

Taylor Morrison Home Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Taylor Morrison Home's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Taylor Morrison Home's net income appears to be on an upward trend, with a most recent value of $791.26 million in 2025, rising from $229.05 million in 2015. The previous period was $886.57 million in 2024. See Taylor Morrison Home's forecast for analyst expectations on what's next for the company.

Taylor Morrison Home's total operating income in 2025 was $1.14 billion, based on the following breakdown:

Total Gross Profit: $1.87 billion
Total Operating Expenses: $734.99 million

Over the last 10 years, Taylor Morrison Home's total revenue changed from $2.98 billion in 2015 to $8.12 billion in 2025, a change of 172.8%.

Taylor Morrison Home's total liabilities were at $3.53 billion at the end of 2025, a 3.2% increase from 2024, and a 64.1% increase since 2015.

In the past 10 years, Taylor Morrison Home's cash and equivalents has ranged from $126.19 million in 2015 to $850.04 million in 2025, and is currently $850.04 million as of their latest financial filing in 2025.

Over the last 10 years, Taylor Morrison Home's book value per share changed from 4.25 in 2015 to 64.40 in 2025, a change of 1,414.4%.

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Financial statements for NYSE:TMHC last updated on 4/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Taylor Morrison Home (TMHC) Financials

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Taylor Morrison Home (TMHC) Financials

Annual Income Statements for Taylor Morrison Home

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Quarterly Cash Flow Statements for Taylor Morrison Home

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Financials Breakdown Chart

Key Financial Trends

Taylor Morrison Home Financials - Frequently Asked Questions

When does Taylor Morrison Home's fiscal year end?

How has Taylor Morrison Home's net income changed over the last 10 years?

What is Taylor Morrison Home's operating income?

How has Taylor Morrison Home's revenue changed over the last 10 years?

How much debt does Taylor Morrison Home have?

How much cash does Taylor Morrison Home have?

How has Taylor Morrison Home's book value per share changed over the last 10 years?

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