Hovnanian Enterprises (HOV) Financials

$99.25 +2.33 (+2.40%)

As of 04/24/2025 03:52 PM Eastern

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	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	257	236	281
Consolidated Net Income / (Loss)	225	206	242
Net Income / (Loss) Continuing Operations	268	247	292
Total Pre-Tax Income	320	256	317
Total Operating Income	387	333	344
Total Gross Profit	686	621	640
Total Revenue	2,922	2,756	3,005
Operating Revenue	2,922	2,756	3,005
Total Cost of Revenue	2,236	2,135	2,365
Operating Cost of Revenue	2,236	2,135	2,365
Total Operating Expenses	299	288	296
Selling, General & Admin Expense	296	305	342
Other Operating Expenses / (Income)	2.42	-17	-46
Total Other Income / (Expense), net	-25	-37	23
Interest Expense	54	80	29
Interest & Investment Income	29	43	52
Income Tax Expense	94	50	75
Preferred Stock Dividends Declared	11	11	11
Basic Earnings per Share	$30.31	$28.76	$34.40
Weighted Average Basic Shares Outstanding	6.44M	6.23M	6.48M
Diluted Earnings per Share	$29.00	$26.88	$31.79
Weighted Average Diluted Shares Outstanding	6.73M	6.67M	7.01M
Weighted Average Basic & Diluted Shares Outstanding	5.96M	6.10M	6.06M

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	99	49	25	42	63	106	33	60	83	106	39
Consolidated Net Income / (Loss)	83	56	19	34	56	97	24	51	73	94	28
Net Income / (Loss) Continuing Operations	102	27	28	44	66	108	35	63	85	108	42
Total Pre-Tax Income	112	91	18	46	70	121	33	69	97	118	40
Total Operating Income	109	147	35	65	90	143	38	79	105	122	54
Total Gross Profit	195	201	109	141	146	224	125	155	150	210	120
Total Revenue	768	887	515	704	650	887	594	708	723	980	674
Operating Revenue	768	887	515	704	650	887	594	708	723	980	674
Total Cost of Revenue	572	686	407	562	504	663	469	553	573	769	554
Operating Cost of Revenue	572	686	407	562	504	663	469	553	573	769	554
Total Operating Expenses	86	54	74	76	56	81	87	76	45	89	66
Selling, General & Admin Expense	75	81	73	76	75	81	86	79	89	88	87
Other Operating Expenses / (Income)	11	-20	0.39	0.57	-19	0.50	0.55	-3.13	-45	1.08	-21
Total Other Income / (Expense), net	22	-84	-7.93	-9.09	-9.18	-10	5.87	2.20	4.44	10	-0.31
Interest Expense	-9.62	-	15	15	18	33	9.08	8.97	6.26	5.07	9.52
Interest & Investment Income	13	5.11	7.16	5.41	8.40	22	15	11	11	15	9.21
Income Tax Expense	29	36	-0.67	12	15	24	8.66	19	24	24	12
Preferred Stock Dividends Declared	2.67	-	2.67	2.67	2.67	2.67	2.67	2.67	2.67	2.67	2.67
Basic Earnings per Share	$10.92	-	$2.37	$4.68	$7.92	$13.79	$3.11	$7.12	$10.61	$13.56	$3.88
Weighted Average Basic Shares Outstanding	6.49M	6.44M	6.19M	6.17M	6.25M	6.23M	6.50M	6.46M	6.47M	6.48M	6.52M
Diluted Earnings per Share	$10.82	$6.72	$2.26	$4.47	$7.38	$12.77	$2.91	$6.66	$9.75	$12.47	$3.58
Weighted Average Diluted Shares Outstanding	6.54M	6.73M	6.47M	6.46M	6.71M	6.67M	6.94M	6.90M	7.05M	7.01M	7.07M
Weighted Average Basic & Diluted Shares Outstanding	6.39M	5.96M	720.31K	6.00M	6.09M	6.10M	6.10M	5.99M	6.05M	6.06M	5.92M

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	2022	2023	2024
Net Change in Cash & Equivalents	71	95	-211
Net Cash From Operating Activities	89	435	24
Net Cash From Continuing Operating Activities	89	435	24
Net Income / (Loss) Continuing Operations	225	206	242
Consolidated Net Income / (Loss)	225	206	242
Depreciation Expense	5.46	8.80	7.73
Amortization Expense	0.38	1.65	-1.04
Non-Cash Adjustments To Reconcile Net Income	46	-22	-78
Changes in Operating Assets and Liabilities, net	-188	241	-147
Net Cash From Investing Activities	-2.15	-78	-46
Net Cash From Continuing Investing Activities	-2.15	-78	-46
Purchase of Property, Plant & Equipment	-13	-19	-18
Acquisitions	0.04	-78	-34
Sale of Property, Plant & Equipment	0.06	1.96	1.42
Sale and/or Maturity of Investments	10	16	4.40
Net Cash From Financing Activities	-17	-262	-188
Net Cash From Continuing Financing Activities	-17	-262	-188
Repayment of Debt	-533	-1,149	-489
Repurchase of Common Equity	-12	-4.80	-27
Payment of Dividends	-11	-11	-11
Issuance of Debt	398	982	322
Other Financing Activities, net	141	-79	17
Cash Interest Paid	45	63	48
Cash Income Taxes Paid	14	9.41	9.69

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	72	104	-103	91	-3.34	110	-239	-7.20	-47	83	-123
Net Cash From Operating Activities	34	118	-31	97	226	144	-89	89	-92	116	-56
Net Cash From Continuing Operating Activities	34	118	-31	97	226	144	-89	89	-92	116	-56
Net Income / (Loss) Continuing Operations	83	56	19	34	56	97	24	51	73	94	28
Consolidated Net Income / (Loss)	83	56	19	34	56	97	24	51	73	94	28
Depreciation Expense	1.52	1.45	1.41	4.51	1.30	1.58	1.60	2.01	2.07	2.05	2.30
Amortization Expense	-0.01	0.58	0.33	0.39	0.84	0.08	0.21	0.36	-0.94	-0.68	-0.77
Non-Cash Adjustments To Reconcile Net Income	-1.02	-13	33	-3.76	-10	-41	20	-2.25	-94	-2.24	6.50
Changes in Operating Assets and Liabilities, net	-50	73	-84	62	178	85	-135	38	-72	22	-92
Net Cash From Investing Activities	-0.19	1.13	-23	2.82	-58	0.18	-4.12	-33	-3.10	-6.18	-25
Net Cash From Continuing Investing Activities	-0.19	1.13	-23	2.82	-58	0.18	-4.12	-33	-3.10	-6.18	-25
Purchase of Property, Plant & Equipment	-3.27	-3.99	-3.74	-4.43	-5.03	-5.62	-5.44	-4.44	-3.55	-4.42	-3.69
Acquisitions	-	-	-22	-	-	0.74	0.00	-	-	-	-26
Sale of Property, Plant & Equipment	-	-	0.07	0.02	0.37	1.50	0.04	0.96	-0.05	0.47	0.88
Sale and/or Maturity of Investments	3.10	4.92	2.63	5.03	5.23	3.56	1.28	2.89	0.19	0.05	3.83
Net Cash From Financing Activities	38	-16	-48	-8.60	-171	-34	-146	-63	48	-27	-42
Net Cash From Continuing Financing Activities	38	-16	-48	-8.60	-171	-34	-146	-63	48	-27	-42
Repayment of Debt	-129	-77	-105	-91	-177	-775	-213	-90	-64	-123	-96
Repurchase of Common Equity	-	-12	-4.80	-	-	-	0.00	-15	-11	0.01	-18
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	115	52	58	95	64	766	79	72	76	94	58
Other Financing Activities, net	55	24	6.77	-9.26	-55	-22	-9.80	-28	50	4.96	17

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	2022	2023	2024
Total Assets	2,562	2,493	2,606
Total Current Assets	705	1,862	1,945
Cash & Equivalents	333	434	210
Restricted Cash	-	8.43	7.88
Inventories, net	309	1,349	1,645
Prepaid Expenses	64	70	83
Plant, Property, & Equipment, net	26	34	43
Total Noncurrent Assets	2,026	2,619	2,778
Long-Term Investments	75	98	143
Noncurrent Note & Lease Receivables	38	28	29
Noncurrent Deferred & Refundable Income Taxes	345	2,493	2,606
Total Liabilities & Shareholders' Equity	2,562	2,493	2,606
Total Liabilities	2,179	1,911	1,805
Total Current Liabilities	443	0.00	0.00
Total Noncurrent Liabilities	1,600	1,911	1,805
Other Noncurrent Operating Liabilities	309	1,911	1,805
Total Equity & Noncontrolling Interests	383	582	800
Total Preferred & Common Equity	383	582	800
Preferred Stock	135	135	135
Total Common Equity	248	446	665
Common Stock	728	736	750
Retained Earnings	-352	-157	74
Treasury Stock	-128	-132	-159

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
Total Assets	2,538	415	2,484	2,394	2,340	2,318	2,541	2,533
Total Current Assets	1,920	40	695	639	1,723	1,680	1,861	1,848
Cash & Equivalents	225	0.00	337	329	183	182	122	94
Restricted Cash	-	40	-	-	8.37	8.37	9.62	8.45
Inventories, net	1,585	0.00	301	251	1,464	1,417	1,650	1,666
Prepaid Expenses	64	0.00	57	59	68	73	79	79
Plant, Property, & Equipment, net	23	28	28	31	37	40	41	45
Total Noncurrent Assets	467	347	1,978	1,892	2,475	2,493	2,715	2,780
Long-Term Investments	75	0.00	86	85	111	151	126	173
Noncurrent Note & Lease Receivables	-	-	37	33	24	25	48	74
Noncurrent Deferred & Refundable Income Taxes	377	347	337	325	2,340	2,318	2,541	2,533
Total Liabilities & Shareholders' Equity	2,538	1,598	2,484	2,394	2,340	2,318	2,541	2,533
Total Liabilities	2,199	1,202	2,054	1,911	1,733	1,671	1,837	1,722
Total Current Liabilities	607	57	377	382	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
Other Noncurrent Operating Liabilities	256	-	308	261	1,733	1,671	1,837	1,722
Total Equity & Noncontrolling Interests	339	396	429	483	607	647	703	811
Total Preferred & Common Equity	338	396	429	482	607	647	703	811
Preferred Stock	135	135	135	135	135	135	135	135
Total Common Equity	203	260	294	347	472	512	568	676
Common Stock	724	729	731	731	740	747	745	753
Retained Earnings	-405	-336	-305	-252	-136	-88	-18	100
Treasury Stock	-115	-132	-132	-132	-132	-148	-159	-177

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

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	5.01%	-5.69%	9.03%
EBITDA Growth	46.68%	-12.57%	2.08%
EBIT Growth	47.55%	-13.95%	3.28%
NOPAT Growth	-67.50%	-1.85%	-2.01%
Net Income Growth	-62.90%	-8.69%	17.54%
EPS Growth	-66.22%	-7.31%	18.27%
Operating Cash Flow Growth	-57.44%	386.53%	-94.57%
Free Cash Flow Firm Growth	-139.36%	35.15%	-39.53%
Invested Capital Growth	56.55%	29.12%	26.07%
Revenue Q/Q Growth	-17.46%	0.01%	3.18%
EBITDA Q/Q Growth	-60.62%	12.24%	5.76%
EBIT Q/Q Growth	-61.02%	12.82%	5.97%
NOPAT Q/Q Growth	-62.20%	24.88%	5.87%
Net Income Q/Q Growth	1.42%	25.35%	-1.19%
EPS Q/Q Growth	-0.07%	29.04%	-0.93%
Operating Cash Flow Q/Q Growth	-9.94%	6.25%	-54.09%
Free Cash Flow Firm Q/Q Growth	-136.96%	-349.02%	64.19%
Invested Capital Q/Q Growth	28.13%	37.02%	3.13%
Profitability Metrics	-	-	-
Gross Margin	23.47%	22.53%	21.30%
EBITDA Margin	13.45%	12.47%	11.68%
Operating Margin	13.25%	12.09%	11.45%
EBIT Margin	13.25%	12.09%	11.45%
Profit (Net Income) Margin	7.72%	7.47%	8.05%
Tax Burden Percent	70.52%	80.44%	76.32%
Interest Burden Percent	82.56%	76.81%	92.14%
Effective Tax Rate	29.48%	19.56%	23.68%
Return on Invested Capital (ROIC)	20.86%	14.65%	11.27%
ROIC Less NNEP Spread (ROIC-NNEP)	16.24%	10.03%	10.01%
Return on Net Nonoperating Assets (RNNOA)	59.89%	28.03%	23.75%
Return on Equity (ROE)	80.76%	42.68%	35.02%
Cash Return on Invested Capital (CROIC)	-23.22%	-10.77%	-11.80%
Operating Return on Assets (OROA)	15.86%	13.18%	13.50%
Return on Assets (ROA)	9.24%	8.15%	9.49%
Return on Common Equity (ROCE)	41.55%	30.71%	28.16%
Return on Equity Simple (ROE_SIMPLE)	58.87%	35.39%	30.24%
Net Operating Profit after Tax (NOPAT)	273	268	263
NOPAT Margin	9.35%	9.73%	8.74%
Net Nonoperating Expense Percent (NNEP)	4.62%	4.61%	1.26%
Return On Investment Capital (ROIC_SIMPLE)	16.31%	46.07%	32.82%
Cost of Revenue to Revenue	76.53%	77.47%	78.70%
SG&A Expenses to Revenue	10.13%	11.06%	11.39%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.22%	10.44%	9.85%
Earnings before Interest and Taxes (EBIT)	387	333	344
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	393	344	351
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.04	0.95	1.60
Price to Tangible Book Value (P/TBV)	1.04	0.95	1.60
Price to Revenue (P/Rev)	0.09	0.15	0.35
Price to Earnings (P/E)	1.00	1.79	3.79
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	99.74%	55.72%	26.39%
Enterprise Value to Invested Capital (EV/IC)	0.80	0.01	0.32
Enterprise Value to Revenue (EV/Rev)	0.44	0.01	0.28
Enterprise Value to EBITDA (EV/EBITDA)	3.25	0.05	2.40
Enterprise Value to EBIT (EV/EBIT)	3.30	0.06	2.44
Enterprise Value to NOPAT (EV/NOPAT)	4.68	0.07	3.20
Enterprise Value to Operating Cash Flow (EV/OCF)	14.27	0.04	35.55
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	3.37	0.00	0.00
Long-Term Debt to Equity	3.37	0.00	0.00
Financial Leverage	3.69	2.79	2.37
Leverage Ratio	8.74	5.24	3.69
Compound Leverage Factor	7.22	4.02	3.40
Debt to Total Capital	77.12%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	77.12%	0.00%	0.00%
Preferred Equity to Total Capital	8.08%	23.26%	16.91%
Noncontrolling Interests to Total Capital	0.00%	0.01%	0.00%
Common Equity to Total Capital	14.80%	76.74%	83.10%
Debt to EBITDA	3.29	0.00	0.00
Net Debt to EBITDA	2.25	0.00	0.00
Long-Term Debt to EBITDA	3.29	0.00	0.00
Debt to NOPAT	4.73	0.00	0.00
Net Debt to NOPAT	3.24	0.00	0.00
Long-Term Debt to NOPAT	4.73	0.00	0.00
Altman Z-Score	1.64	2.49	2.88
Noncontrolling Interest Sharing Ratio	48.55%	28.05%	19.58%
Liquidity Ratios	-	-	-
Current Ratio	1.59	0.00	0.00
Quick Ratio	0.75	0.00	0.00
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-304	-197	-275
Operating Cash Flow to CapEx	714.07%	2,581.70%	143.80%
Free Cash Flow to Firm to Interest Expense	-5.62	-2.47	-9.36
Operating Cash Flow to Interest Expense	1.65	5.46	0.80
Operating Cash Flow Less CapEx to Interest Expense	1.42	5.25	0.25
Efficiency Ratios	-	-	-
Asset Turnover	1.20	1.09	1.18
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	2.86	2.58	1.58
Fixed Asset Turnover	0.00	92.23	77.67
Accounts Payable Turnover	5.16	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	127.54	141.70	231.06
Days Payable Outstanding (DPO)	70.70	0.00	0.00
Cash Conversion Cycle (CCC)	56.84	141.70	231.06
Capital & Investment Metrics	-	-	-
Invested Capital	1,598	2,063	2,601
Invested Capital Turnover	2.23	1.51	1.29
Increase / (Decrease) in Invested Capital	577	465	538
Enterprise Value (EV)	1,277	18	840
Market Capitalization	258	423	1,066
Book Value per Share	$38.74	$73.25	$109.84
Tangible Book Value per Share	$38.74	$73.25	$109.84
Total Capital	1,674	582	800
Total Debt	1,291	0.00	0.00
Total Long-Term Debt	1,291	0.00	0.00
Net Debt	884	-540	-361
Capital Expenditures (CapEx)	13	17	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-71	1,419	1,727
Debt-free Net Working Capital (DFNWC)	262	1,862	1,945
Net Working Capital (NWC)	262	1,862	1,945
Net Nonoperating Expense (NNE)	48	62	21
Net Nonoperating Obligations (NNO)	1,215	1,481	1,800
Total Depreciation and Amortization (D&A)	5.83	10	6.69
Debt-free, Cash-free Net Working Capital to Revenue	-2.42%	51.49%	57.48%
Debt-free Net Working Capital to Revenue	8.97%	67.55%	64.73%
Net Working Capital to Revenue	8.97%	67.55%	64.73%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$30.31	$28.76	$34.40
Adjusted Weighted Average Basic Shares Outstanding	6.44M	6.23M	6.48M
Adjusted Diluted Earnings per Share	$29.00	$26.88	$31.79
Adjusted Weighted Average Diluted Shares Outstanding	6.73M	6.67M	7.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.96M	6.10M	6.06M
Normalized Net Operating Profit after Tax (NOPAT)	273	268	263
Normalized NOPAT Margin	9.35%	9.73%	8.74%
Pre Tax Income Margin	10.94%	9.29%	10.55%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	7.15	4.18	11.71
NOPAT to Interest Expense	5.04	3.36	8.94
EBIT Less CapEx to Interest Expense	6.92	3.97	11.15
NOPAT Less CapEx to Interest Expense	4.81	3.15	8.38
Payout Ratios	-	-	-
Dividend Payout Ratio	4.73%	5.18%	4.41%
Augmented Payout Ratio	10.15%	7.52%	15.37%

This table displays calculated financial ratios and metrics derived from Hovnanian Enterprises' 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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-41.08%	-8.84%	0.16%	-15.33%	0.03%	15.30%	0.67%	11.19%	10.44%	13.37%
EBITDA Growth	118.36%	-80.19%	-11.39%	-11.24%	-16.70%	-3.30%	8.70%	16.10%	15.50%	-14.96%	37.93%
EBIT Growth	118.07%	-80.43%	-13.72%	-15.95%	-17.50%	-3.10%	8.93%	21.19%	16.99%	-14.93%	40.49%
NOPAT Growth	117.28%	-82.44%	27.69%	-30.44%	-11.45%	27.67%	-22.89%	19.92%	10.71%	-15.02%	35.34%
Net Income Growth	73.19%	6.01%	-24.56%	-45.31%	-32.50%	74.83%	27.72%	48.88%	30.76%	-3.00%	17.93%
EPS Growth	61.01%	-0.30%	-26.38%	-46.72%	-31.79%	90.03%	28.76%	48.99%	32.11%	-2.35%	23.02%
Operating Cash Flow Growth	-49.70%	-7.72%	73.00%	81.62%	571.40%	21.69%	-184.85%	-8.34%	-140.90%	-19.39%	37.22%
Free Cash Flow Firm Growth	121.39%	-210.08%	253.12%	126.08%	-203.78%	28.05%	-243.49%	-1,029.93%	-400.40%	-25.58%	75.70%
Invested Capital Growth	-7.43%	56.55%	-76.70%	-0.67%	20.74%	29.12%	493.96%	38.17%	67.50%	26.07%	21.62%
Revenue Q/Q Growth	9.26%	15.53%	-41.88%	36.54%	-7.63%	36.48%	-33.01%	19.22%	2.02%	35.55%	-31.24%
EBITDA Q/Q Growth	39.57%	35.30%	-65.66%	91.10%	31.00%	57.05%	-72.35%	104.11%	30.32%	15.63%	-55.15%
EBIT Q/Q Growth	40.14%	35.31%	-66.65%	86.59%	37.56%	58.94%	-73.30%	107.59%	32.79%	15.57%	-55.90%
NOPAT Q/Q Growth	15.63%	11.49%	-43.14%	33.20%	47.20%	60.75%	-75.54%	107.17%	35.88%	23.40%	-61.04%
Net Income Q/Q Growth	32.32%	-32.66%	-66.36%	82.44%	63.31%	74.42%	-75.42%	112.67%	43.44%	29.39%	-70.12%
EPS Q/Q Growth	28.96%	-37.89%	-66.37%	97.79%	65.10%	73.04%	-77.21%	128.87%	46.40%	27.90%	-71.29%
Operating Cash Flow Q/Q Growth	-37.22%	251.32%	-126.47%	411.12%	132.10%	-36.32%	-161.95%	200.11%	-203.57%	225.51%	-148.24%
Free Cash Flow Firm Q/Q Growth	179.58%	-370.03%	344.70%	-95.29%	-416.65%	-87.22%	-413.83%	69.47%	-70.39%	53.02%	0.58%
Invested Capital Q/Q Growth	-22.27%	28.13%	-76.81%	330.07%	-5.51%	37.02%	6.67%	0.05%	14.55%	3.13%	2.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.46%	22.68%	21.12%	20.11%	22.52%	25.27%	21.00%	21.89%	20.75%	21.47%	17.80%
EBITDA Margin	14.40%	16.86%	7.14%	9.99%	14.16%	16.30%	6.73%	11.52%	14.71%	12.55%	8.19%
Operating Margin	14.20%	16.63%	6.80%	9.29%	13.83%	16.11%	6.42%	11.18%	14.56%	12.41%	7.96%
EBIT Margin	14.20%	16.63%	6.80%	9.29%	13.83%	16.11%	6.42%	11.18%	14.56%	12.41%	7.96%
Profit (Net Income) Margin	10.76%	6.27%	3.63%	4.85%	8.58%	10.97%	4.02%	7.18%	10.09%	9.63%	4.19%
Tax Burden Percent	73.81%	60.81%	103.71%	74.03%	79.22%	80.13%	73.41%	73.26%	74.97%	80.05%	70.72%
Interest Burden Percent	102.69%	62.03%	51.51%	70.56%	78.28%	84.94%	85.33%	87.59%	92.47%	96.95%	74.35%
Effective Tax Rate	26.19%	39.19%	-3.71%	25.97%	20.78%	19.87%	26.59%	26.74%	25.03%	19.95%	29.28%
Return on Invested Capital (ROIC)	28.61%	22.58%	20.66%	12.36%	21.95%	19.44%	10.40%	12.26%	15.78%	12.80%	7.12%
ROIC Less NNEP Spread (ROIC-NNEP)	28.81%	19.27%	18.08%	11.23%	20.34%	18.16%	9.87%	11.73%	15.36%	12.62%	6.56%
Return on Net Nonoperating Assets (RNNOA)	133.86%	71.08%	41.73%	40.95%	47.84%	50.74%	15.44%	29.62%	36.81%	29.96%	15.99%
Return on Equity (ROE)	162.47%	93.65%	62.38%	53.31%	69.78%	70.18%	25.83%	41.88%	52.59%	42.77%	23.11%
Cash Return on Invested Capital (CROIC)	63.43%	-23.22%	149.52%	14.72%	-3.19%	-10.77%	-121.94%	-19.40%	-38.15%	-11.80%	-8.31%
Operating Return on Assets (OROA)	23.82%	19.91%	14.33%	10.97%	15.46%	17.57%	13.21%	13.23%	17.18%	14.63%	10.07%
Return on Assets (ROA)	18.05%	7.51%	7.66%	5.73%	9.59%	11.96%	8.28%	8.49%	11.91%	11.35%	5.30%
Return on Common Equity (ROCE)	66.45%	48.19%	33.85%	32.31%	46.76%	50.49%	18.86%	31.35%	40.59%	34.39%	18.70%
Return on Equity Simple (ROE_SIMPLE)	65.70%	0.00%	55.43%	44.50%	34.04%	0.00%	34.77%	35.20%	34.82%	0.00%	30.35%
Net Operating Profit after Tax (NOPAT)	80	90	36	48	71	115	28	58	79	97	38
NOPAT Margin	10.48%	10.11%	7.05%	6.88%	10.96%	12.91%	4.71%	8.19%	10.91%	9.93%	5.63%
Net Nonoperating Expense Percent (NNEP)	-0.20%	3.31%	2.58%	1.14%	1.60%	1.28%	0.52%	0.53%	0.42%	0.18%	0.56%
Return On Investment Capital (ROIC_SIMPLE)	-	5.36%	-	-	-	19.68%	4.61%	-	-	12.16%	4.67%
Cost of Revenue to Revenue	74.55%	77.32%	78.88%	79.89%	77.48%	74.73%	79.00%	78.11%	79.25%	78.53%	82.20%
SG&A Expenses to Revenue	9.76%	9.12%	14.24%	10.73%	11.55%	9.10%	14.49%	11.15%	12.38%	8.95%	12.91%
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	11.26%	6.05%	14.32%	10.82%	8.69%	9.16%	14.58%	10.71%	6.19%	9.06%	9.85%
Earnings before Interest and Taxes (EBIT)	109	147	35	65	90	143	38	79	105	122	54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	111	150	37	70	92	145	40	82	106	123	55
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.51	1.04	1.33	0.18	1.84	0.95	2.18	1.76	2.21	1.60	1.19
Price to Tangible Book Value (P/TBV)	1.51	1.04	1.33	0.18	1.84	0.95	2.18	1.76	2.21	1.60	1.19
Price to Revenue (P/Rev)	0.09	0.09	0.12	0.02	0.23	0.15	0.36	0.32	0.43	0.35	0.26
Price to Earnings (P/E)	0.32	1.00	1.10	0.20	2.77	1.79	4.23	2.73	3.61	3.79	2.79
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	316.06%	99.74%	90.51%	502.11%	36.12%	55.72%	23.65%	36.57%	27.73%	26.39%	35.87%
Enterprise Value to Invested Capital (EV/IC)	1.19	0.80	4.28	0.66	1.02	0.01	0.39	0.32	0.45	0.32	0.25
Enterprise Value to Revenue (EV/Rev)	0.42	0.44	0.55	0.36	0.56	0.01	0.30	0.24	0.39	0.28	0.21
Enterprise Value to EBITDA (EV/EBITDA)	1.48	3.25	4.58	3.22	5.01	0.05	2.49	2.19	3.42	2.40	1.81
Enterprise Value to EBIT (EV/EBIT)	1.49	3.30	4.67	3.32	5.19	0.06	2.57	2.25	3.50	2.44	1.84
Enterprise Value to NOPAT (EV/NOPAT)	2.05	4.68	6.44	4.65	7.15	0.07	3.29	2.90	4.58	3.20	2.42
Enterprise Value to Operating Cash Flow (EV/OCF)	14.87	14.27	9.12	4.80	3.75	0.04	2.29	1.88	22.04	35.55	11.66
Enterprise Value to Free Cash Flow (EV/FCFF)	1.80	0.00	1.08	4.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.94	3.37	2.89	2.98	2.43	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	3.94	3.37	2.89	2.98	2.43	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	4.65	3.69	2.31	3.65	2.35	2.79	1.56	2.52	2.40	2.37	2.44
Leverage Ratio	9.19	8.74	4.60	7.08	6.00	5.24	2.75	4.46	4.16	3.69	3.44
Compound Leverage Factor	9.44	5.42	2.37	4.99	4.70	4.45	2.34	3.91	3.85	3.58	2.55
Debt to Total Capital	79.77%	77.12%	74.32%	74.85%	70.87%	0.00%	0.00%	0.00%	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	79.77%	77.12%	74.32%	74.85%	70.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	8.08%	8.08%	8.78%	7.92%	8.17%	23.26%	22.29%	20.91%	19.24%	16.91%	16.67%
Noncontrolling Interests to Total Capital	0.02%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	12.13%	14.80%	16.90%	17.23%	20.96%	76.74%	77.71%	79.09%	80.76%	83.10%	83.33%
Debt to EBITDA	1.34	3.29	3.31	3.94	3.83	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	1.04	2.25	3.20	2.63	2.48	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	1.34	3.29	3.31	3.94	3.83	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	1.85	4.73	4.65	5.69	5.47	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	1.43	3.24	4.49	3.81	3.54	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	1.85	4.73	4.65	5.69	5.47	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.02	1.33	6.19	1.24	1.46	2.24	2.42	2.48	2.56	2.60	2.50
Noncontrolling Interest Sharing Ratio	59.10%	48.55%	45.74%	39.40%	32.99%	28.05%	26.99%	25.14%	22.82%	19.58%	19.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.16	1.59	0.70	1.84	1.67	0.00	0.00	0.00	0.00	0.00	0.00
Quick Ratio	0.44	0.75	0.00	0.89	0.86	0.00	0.00	0.00	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	181	-487	1,256	59	-187	-351	-1,802	-550	-937	-440	-438
Operating Cash Flow to CapEx	1,027.39%	2,961.94%	-851.16%	2,206.88%	4,833.59%	3,490.67%	-1,648.53%	2,557.49%	-2,561.28%	2,929.29%	-1,993.54%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	83.21	4.08	-10.65	-10.78	-198.45	-61.33	-149.69	-86.86	-46.01
Operating Cash Flow to Interest Expense	0.00	0.00	-2.07	6.70	12.83	4.42	-9.80	9.93	-14.74	22.85	-5.87
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-2.31	6.40	12.57	4.29	-10.40	9.55	-15.31	22.07	-6.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.68	1.20	2.11	1.18	1.12	1.09	2.06	1.18	1.18	1.18	1.27
Accounts Receivable Turnover	85.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	1.51	2.86	0.00	8.91	2.35	2.58	0.00	2.55	2.38	1.58	1.56
Fixed Asset Turnover	171.51	0.00	119.41	116.07	100.87	92.23	86.52	84.08	80.29	77.67	74.99
Accounts Payable Turnover	5.30	5.16	0.00	5.67	5.35	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	4.27	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	241.63	127.54	0.00	40.97	155.30	141.70	0.00	143.21	153.67	231.06	233.25
Days Payable Outstanding (DPO)	68.84	70.70	0.00	64.32	68.19	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	177.06	56.84	0.00	-23.35	87.12	141.70	0.00	143.21	153.67	231.06	233.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,247	1,598	370	1,593	1,505	2,063	2,200	2,201	2,522	2,601	2,676
Invested Capital Turnover	2.73	2.23	2.93	1.80	2.00	1.51	2.21	1.50	1.45	1.29	1.27
Increase / (Decrease) in Invested Capital	-100	577	-1,220	-11	259	465	1,830	608	1,016	538	476
Enterprise Value (EV)	1,478	1,277	1,586	1,044	1,534	18	863	695	1,135	840	662
Market Capitalization	306	258	345	53	640	423	1,030	901	1,258	1,066	802
Book Value per Share	$32.18	$38.74	$43.66	$408.40	$57.87	$73.25	$72.63	$83.95	$94.80	$109.84	$111.66
Tangible Book Value per Share	$32.18	$38.74	$43.66	$408.40	$57.87	$73.25	$72.63	$83.95	$94.80	$109.84	$111.66
Total Capital	1,674	1,674	1,541	1,708	1,656	582	607	647	703	800	811
Total Debt	1,336	1,291	1,145	1,278	1,174	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	1,336	1,291	1,145	1,278	1,174	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	1,036	884	1,106	855	759	-540	-302	-341	-258	-361	-275
Capital Expenditures (CapEx)	3.27	3.99	3.67	4.41	4.67	4.12	5.40	3.48	3.60	3.95	2.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,087	-71	-57	-19	-72	1,419	1,532	1,490	1,729	1,727	1,746
Debt-free Net Working Capital (DFNWC)	1,312	262	-17	318	257	1,862	1,723	1,680	1,861	1,945	1,848
Net Working Capital (NWC)	1,312	262	-17	318	257	1,862	1,723	1,680	1,861	1,945	1,848
Net Nonoperating Expense (NNE)	-2.16	34	18	14	15	17	4.11	7.20	5.94	2.97	9.72
Net Nonoperating Obligations (NNO)	908	1,215	-25	1,164	1,023	1,481	1,593	1,554	1,818	1,800	1,865
Total Depreciation and Amortization (D&A)	1.51	2.03	1.74	4.91	2.14	1.66	1.81	2.37	1.13	1.38	1.53
Debt-free, Cash-free Net Working Capital to Revenue	30.71%	-2.42%	-1.99%	-0.67%	-2.62%	51.49%	54.03%	52.47%	59.37%	57.48%	56.60%
Debt-free Net Working Capital to Revenue	37.07%	8.97%	-0.60%	11.06%	9.33%	67.55%	60.79%	59.17%	63.89%	64.73%	59.93%
Net Working Capital to Revenue	37.07%	8.97%	-0.60%	11.06%	9.33%	67.55%	60.79%	59.17%	63.89%	64.73%	59.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$10.92	$0.00	$2.37	$0.00	$7.92	$13.79	$3.11	$7.12	$10.61	$13.56	$3.88
Adjusted Weighted Average Basic Shares Outstanding	6.49M	6.44M	6.19M	6.17M	6.25M	6.23M	6.50M	6.46M	6.47M	6.48M	6.52M
Adjusted Diluted Earnings per Share	$10.82	$6.72	$2.26	$4.47	$7.38	$12.77	$2.91	$6.66	$9.75	$12.47	$3.58
Adjusted Weighted Average Diluted Shares Outstanding	6.54M	6.73M	6.47M	6.46M	6.71M	6.67M	6.94M	6.90M	7.05M	7.01M	7.07M
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	6.39M	5.96M	720.31K	6.00M	6.09M	6.10M	6.10M	5.99M	6.05M	6.06M	5.92M
Normalized Net Operating Profit after Tax (NOPAT)	80	90	25	48	71	115	28	58	79	97	38
Normalized NOPAT Margin	10.48%	10.11%	4.76%	6.88%	10.96%	12.91%	4.71%	8.19%	10.91%	9.93%	5.63%
Pre Tax Income Margin	14.58%	10.32%	3.50%	6.55%	10.83%	13.69%	5.48%	9.80%	13.46%	12.03%	5.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	2.32	4.51	5.11	4.39	4.20	8.83	16.80	23.98	5.63
NOPAT to Interest Expense	0.00	0.00	2.41	3.34	4.05	3.52	3.09	6.47	12.59	19.19	3.98
EBIT Less CapEx to Interest Expense	0.00	0.00	2.08	4.20	4.85	4.27	3.61	8.44	16.22	23.20	5.34
NOPAT Less CapEx to Interest Expense	0.00	0.00	2.16	3.03	3.79	3.39	2.49	6.08	12.02	18.41	3.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.60%	4.73%	4.87%	5.59%	6.50%	5.18%	5.06%	4.69%	4.36%	4.41%	4.33%
Augmented Payout Ratio	3.60%	10.15%	12.62%	14.49%	16.86%	7.52%	5.06%	11.34%	15.19%	15.37%	22.43%

Frequently Asked Questions About Hovnanian Enterprises' Financials

When does Hovnanian Enterprises's fiscal year end?

According to the most recent income statement we have on file, Hovnanian Enterprises' financial year ends in October. Their financial year 2024 ended on October 31, 2024.

How has Hovnanian Enterprises' net income changed over the last 2 years?

Hovnanian Enterprises' net income appears to be on an upward trend, with a most recent value of $242.01 million in 2024, rising from $225.49 million in 2022. The previous period was $205.89 million in 2023.

What is Hovnanian Enterprises's operating income?

Hovnanian Enterprises's total operating income in 2024 was $344.15 million, based on the following breakdown:

Total Gross Profit: $640.17 million
Total Operating Expenses: $296.02 million

How has Hovnanian Enterprises revenue changed over the last 2 years?

Over the last 2 years, Hovnanian Enterprises' total revenue changed from $2.92 billion in 2022 to $3.00 billion in 2024, a change of 2.8%.

How much debt does Hovnanian Enterprises have?

Hovnanian Enterprises' total liabilities were at $1.81 billion at the end of 2024, a 5.5% decrease from 2023, and a 17.2% decrease since 2022.

How much cash does Hovnanian Enterprises have?

In the past 2 years, Hovnanian Enterprises' cash and equivalents has ranged from $209.98 million in 2024 to $434.12 million in 2023, and is currently $209.98 million as of their latest financial filing in 2024.

How has Hovnanian Enterprises' book value per share changed over the last 2 years?

Over the last 2 years, Hovnanian Enterprises' book value per share changed from 38.74 in 2022 to 109.84 in 2024, a change of 183.5%.

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This page (NYSE:HOV) was last updated on 4/25/2025 by MarketBeat.com Staff

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Hovnanian Enterprises (HOV) Financials

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Hovnanian Enterprises (HOV) Financials

Annual Income Statements for Hovnanian Enterprises

Quarterly Income Statements for Hovnanian Enterprises

Annual Cash Flow Statements for Hovnanian Enterprises

Quarterly Cash Flow Statements for Hovnanian Enterprises

Annual Balance Sheets for Hovnanian Enterprises

Quarterly Balance Sheets for Hovnanian Enterprises

Annual Metrics and Ratios for Hovnanian Enterprises

Quarterly Metrics and Ratios for Hovnanian Enterprises

Frequently Asked Questions About Hovnanian Enterprises' Financials

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