BEAZER HOMES USA INC BZH
Beazer Homes is a nationally recognized homebuilder committed to building homes and communities designed with the intention of inspiring sustainable and healthier living. With personalized options and expert guidance, we empower homebuyers with competitive mortgage choices and energy saving features that make homeownership more attainable. Operating across 13 states in the West, East, and Southeast geographic regions of the United States, Beazer Homes offers a diverse portfolio of products tailored to meet the evolving needs of homebuyers that value a well-constructed and energy efficient home.
We continue to execute against our long-term balanced growth strategy, which is focused on growing profitability, improving balance sheet efficiency, and generating returns above our cost of capital, while minimizing operational risk and financial leverage. In response to changing market conditions, we intend to balance decreasing leverage and returning capital to investors through stock repurchases, as we make investments to grow the business long-term.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.37B | $2.33B | $2.21B | $2.32B | $2.14B | $2.13B | $2.09B | $2.11B | $1.92B | — |
| Cost of revenue | — | — | — | — | — | — | $1.77B | $1.76B | $1.60B | — |
| Gross profit | $337.5M | $424.3M | $442.7M | $537.5M | $404.3M | $347.6M | $166.0M | $345.0M | $312.9M | $297.2M |
| SG&A | $204.8M | $186.3M | $179.8M | $177.3M | $163.3M | $170.4M | $161.4M | $168.7M | $161.9M | $153.6M |
| Operating income | $36.6M | $143.0M | $177.3M | $272.5M | $146.9M | $79.1M | -$89.9M | $81.5M | $62.1M | $59.3M |
| Interest expense | — | — | $0 | $0 | $2.8M | $8.5M | $3.1M | $5.3M | $15.6M | $25.4M |
| Pre-tax income | $40.9M | $159.1M | $182.6M | $274.0M | $143.7M | $71.3M | -$116.6M | $49.4M | $34.6M | $21.7M |
| Income tax | $4.7M | $18.9M | $24.0M | $53.3M | $21.5M | $18.0M | $37.2M | $94.5M | $2.7M | $16.5M |
| Net income | $45.6M | $140.2M | $158.6M | $220.7M | $122.0M | $52.2M | -$79.5M | -$45.4M | $31.8M | $4.7M |
| EPS, basic | 1.53 | 4.59 | 5.23 | 7.25 | 4.07 | 1.76 | -2.60 | -1.41 | 1.00 | 0.15 |
| EPS, diluted | 1.52 | 4.53 | 5.16 | 7.17 | 4.01 | 1.74 | -2.60 | -1.41 | 0.99 | 0.15 |
| Shares, diluted (wtd. avg.) | 30.0M | 31.0M | 30.7M | 30.8M | 30.4M | 29.9M | 30.6M | 32.1M | 32.4M | 31.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $218.6M | $242.6M | $386.3M | $251.8M | $274.1M | $342.5M | $122.8M | $153.2M | $304.6M | $243.3M |
| Property, plant and equipment | $47.9M | $38.6M | $31.1M | $24.6M | $22.9M | $22.3M | $27.4M | $20.8M | $17.6M | $19.1M |
| Goodwill | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $9.8M | — | — |
| Total assets | $2.61B | $2.59B | $2.41B | $2.25B | $2.08B | $2.01B | $1.96B | $2.13B | $2.22B | $2.21B |
| Total liabilities | $1.36B | $1.36B | $1.31B | $1.31B | $1.35B | $1.41B | $1.42B | $1.48B | $1.54B | $1.57B |
| Retained earnings | $423.8M | $378.2M | $238.0M | $79.4M | -$141.3M | -$263.3M | -$315.6M | -$236.0M | -$190.7M | -$222.5M |
| Total equity | $1.25B | $1.23B | $1.10B | $939.3M | $724.9M | $593.2M | $538.8M | $644.0M | $682.4M | $642.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $32.0M | -$137.5M | $178.1M | $81.1M | $31.7M | $289.1M | $113.6M | $54.8M | $104.9M | $163.0M |
| Depreciation and amortisation | $19.2M | $14.9M | $12.2M | $13.4M | $14.0M | $15.6M | $14.8M | $13.8M | $14.0M | $13.8M |
| Stock-based compensation | $7.3M | $7.4M | $7.3M | $8.5M | $12.2M | $10.0M | $10.5M | $10.3M | $8.2M | $8.0M |
| Capital expenditure | $28.5M | $22.4M | $20.3M | $15.0M | $14.6M | $10.6M | $21.4M | $17.0M | $12.4M | $12.2M |
| Investing cash flow | -$19.7M | -$30.0M | -$29.7M | -$14.7M | -$14.2M | -$10.2M | -$25.1M | -$74.1M | -$13.8M | -$12.7M |
| Financing cash flow | -$36.4M | $23.9M | -$13.9M | -$88.7M | -$85.9M | -$59.2M | -$119.0M | -$132.1M | -$29.7M | -$197.5M |
| Buybacks | $33.1M | $12.9M | $0 | $8.2M | $0 | $3.3M | $34.6M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000915840-25-000075.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.92B | $2.11B | $2.09B | $2.13B | $2.14B | $2.32B | $2.21B | $2.33B | $2.37B |
| Gross profit | $297.2M | $312.9M | $345.0M | $166.0M | $347.6M | $404.3M | $537.5M | $442.7M | $424.3M | $337.5M |
| Net income | $4.7M | $31.8M | -$45.4M | -$79.5M | $52.2M | $122.0M | $220.7M | $158.6M | $140.2M | $45.6M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Regulation FD disclosure Item 7.01
- Charter or fiscal year changed Item 5.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 1531
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DHI | HORTON D R INC /DE/ | $41.25B | 12.7x | -6.9% |
| PHM | PULTEGROUP INC/MI/ | $22.72B | 10.9x | -3.5% |
| NVR | NVR INC | $15.95B | 13.7x | -1.9% |
| TOL | Toll Brothers, Inc. | $12.89B | 10.4x | 1.1% |
| ECG | Everus Construction Group, Inc. | $4.85B | 24.0x | 31.5% |
| MTH | Meritage Homes CORP | $4.18B | 10.1x | — |
| MHO | M/I HOMES, INC. | $3.13B | 8.4x | -1.9% |
| KBH | KB HOME | $2.88B | 7.7x | -10.0% |