HOVNANIAN ENTERPRISES INC HOV

Industrials SIC 1531 - Operative Builders NAICS Construction › Construction of Buildings › Residential Building Construction derived NYSE

Hovnanian Enterprises, Inc. ("HEI") conducts all of its homebuilding and financial services operations through its subsidiaries (references herein to the "Company," "we," "us" or "our" refer to HEI and its consolidated subsidiaries and should be understood to reflect the consolidated business of HEI's subsidiaries). Through its subsidiaries, HEI designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments and is one of the nation's largest builders of residential homes. Founded in 1959 by Kevork Hovnanian, HEI was incorporated in New Jersey in 1967 and reincorporated in Delaware in 1983. Since the incorporation of HEI's predecessor company, the Company combined with its unconsolidated joint ventures have delivered in excess of 382,000 homes, including 6,431 homes in fiscal 2025. The Company has two distinct operations: homebuilding and financial services. Our homebuilding operations consist of three reportable segments: Northeast, Southeast and West. Our financial services operations provide mortgage loans and title services to the customers of our homebuilding operations.

Last close 101.27 2026-10-23
Market cap $649.3M estimated share count
52-week range 90.17 - 148.48

Valuation FY2025 figures against the last close

P/S0.2x
P/E13.6x
P/FCF3.9x
EV/EBITDA—
Dividend yield1.6%
Diluted EPS7.43

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.98B$3.00B$2.76B$2.92B$2.78B$2.34B$2.02B$1.99B$2.45B$2.75B
Total operating expenses $2.91B$2.74B$2.52B$2.62B$2.60B$2.32B$2.04B$2.00B$2.46B$2.74B
Interest expense —$120.7M$134.9M$132.4M$161.8M$178.1M$161.1M$164.1M$185.2M$182.6M
Pre-tax income $86.1M$317.1M$256.0M$319.8M$189.9M$55.4M-$39.7M$8.1M-$45.2M$2.4M
Income tax $22.2M$75.1M$50.1M$94.3M$418.0M$4.5M$2.4M$3.6M$286.9M$5.3M
Net income $63.9M$242.0M$205.9M$225.5M$607.8M$50.9M-$42.1M$4.5M-$332.2M-$2.8M
EPS, basic 7.9534.4028.7630.3187.507.48-7.060.73-56.23-0.02
EPS, diluted 7.4331.7926.8829.0085.867.03-7.060.72-56.23-0.02
Shares, diluted (wtd. avg.) 6.9M7.0M6.7M6.7M6.4M6.6M6.0M6.1M5.9M147.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents ————————$469.3M$346.8M
Property, plant and equipment $50.5M$43.4M$33.9M$25.8M$18.7M$18.2M$20.1M$20.3M$52.9M$50.3M
Total assets $2.63B$2.61B$2.49B$2.56B$2.32B$1.83B$1.88B$1.66B$1.90B$2.35B
Long-term debt $900.7M$896.2M$1.05B$1.15B$1.25B$1.43B$1.48B$1.44B$1.61B$1.61B
Total liabilities $1.80B$1.81B$1.91B$2.18B$2.15B$2.26B$2.37B$2.12B$2.36B$2.48B
Retained earnings $127.3M$74.1M-$157.2M-$352.4M-$567.2M-$1.18B-$1.23B-$1.18B-$1.19B-$856.2M
Total equity $830.9M$800.3M$581.8M$383.1M$175.4M-$436.1M-$489.8M-$453.5M-$460.4M-$128.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $188.3M$23.6M$435.3M$89.5M$210.2M$292.8M-$249.1M-$66.8M$301.6M$387.0M
Depreciation and amortisation $13.9M$7.7M$8.8M$5.5M$5.3M$5.3M$4.2M$3.2M$4.2M$3.6M
Stock-based compensation $16.7M$25.3M$14.2M$10.3M$7.7M$2.8M$721.0K$3.7M$557.0K$2.9M
Capital expenditure $22.1M$17.9M$18.8M$12.6M$5.9M$3.4M$4.0M$5.2M$6.5M$8.0M
Investing cash flow -$66.0M-$46.5M-$78.2M-$2.2M$9.0M$2.1M-$8.3M$35.5M-$29.7M-$51.9M
Financing cash flow -$70.4M-$187.9M-$261.7M-$16.5M-$217.3M-$167.8M$206.7M-$229.4M-$147.8M-$245.7M
Dividends paid $10.7M$10.7M$10.7M$10.7M$0$0$0———
Buybacks $30.2M$26.5M$4.8M$12.2M$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 0001753926-25-001938.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B 4B Revenue, FY2016: 2.8B Net income, FY2016: -2.8M Revenue, FY2017: 2.5B Net income, FY2017: -332.2M Revenue, FY2018: 2B Net income, FY2018: 4.5M Revenue, FY2019: 2B Net income, FY2019: -42.1M Revenue, FY2020: 2.3B Net income, FY2020: 50.9M Revenue, FY2021: 2.8B Net income, FY2021: 607.8M Revenue, FY2022: 2.9B Net income, FY2022: 225.5M Revenue, FY2023: 2.8B Net income, FY2023: 205.9M Revenue, FY2024: 3B Net income, FY2024: 242M Revenue, FY2025: 3B Net income, FY2025: 63.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.75B $2.45B $1.99B $2.02B $2.34B $2.78B $2.92B $2.76B $3.00B $2.98B
Gross profit — — — — — — — — — —
Net income -$2.8M -$332.2M $4.5M -$42.1M $50.9M $607.8M $225.5M $205.9M $242.0M $63.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • 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
  • 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
  • Officer or director change Item 5.02
  • Other event Item 8.01

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.

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