Taylor Morrison Home Corp Financials
This page shows Taylor Morrison Home Corp (TMHC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash generation swings with inventory investment, while moderate leverage and steady margins keep the balance sheet flexible.
The sharp FY2024 break in cash conversion was not an earnings collapse: net income stayed at$883M , but free cash flow fell to$174M as more capital was tied up in inventory. FY2025 then reversed that pattern, with revenue roughly flat yet operating cash flow jumping to$817M and free cash flow to$777M , showing that cash generation is driven heavily by build-and-sell timing rather than by a permanently weaker profit base.
Margin stability is more notable than revenue movement here: gross margin stayed in a tight band between
The balance-sheet posture has become less debt-dependent, with debt-to-equity improving from 0.8x in FY2021 to 0.4x in FY2025. At the same time, share repurchases reduced the share count by about
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Taylor Morrison Home Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Taylor Morrison Home Corp's revenue declined 0.6% year-over-year, from $8.2B to $8.1B. This contraction results in a growth score of 41/100.
Taylor Morrison Home Corp carries a low D/E ratio of 0.36, meaning only $0.36 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
Taylor Morrison Home Corp has a free cash flow margin of 9.6%, earning a moderate score of 44/100. The company generates positive cash flow after capital investments, but with room for improvement.
Taylor Morrison Home Corp's ROE of 12.4% shows moderate profitability relative to equity, earning a score of 41/100. This is down from 15.1% the prior year.
Taylor Morrison Home Corp passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Taylor Morrison Home Corp generates $1.04 in operating cash flow ($817.3M OCF vs $782.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Taylor Morrison Home Corp generated $8.1B in revenue in fiscal year 2025. This represents a decrease of 0.6% from the prior year.
Taylor Morrison Home Corp reported $782.5M in net income in fiscal year 2025. This represents a decrease of 11.4% from the prior year.
Taylor Morrison Home Corp earned $7.77 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 6.0% from the prior year.
Cash & Balance Sheet
Taylor Morrison Home Corp generated $777.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 347.2% from the prior year.
Taylor Morrison Home Corp held $850.0M in cash against $2.3B in long-term debt as of fiscal year 2025.
Taylor Morrison Home Corp had 97M shares outstanding in fiscal year 2025. This represents a decrease of 5.6% from the prior year.
Margins & Returns
Taylor Morrison Home Corp's gross margin was 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.
Taylor Morrison Home Corp's net profit margin was 9.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.
Taylor Morrison Home Corp's ROE was 12.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.6 percentage points from the prior year.
Capital Allocation
Taylor Morrison Home Corp spent $381.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 9.6% from the prior year.
Taylor Morrison Home Corp invested $40.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 11.1% from the prior year.
TMHC Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B-33.9% | $2.1B+0.2% | $2.1B+3.2% | $2.0B+7.1% | $1.9B-19.5% | $2.4B+11.1% | $2.1B+6.5% | $2.0B |
| Cost of Revenue | $1.1B-33.0% | $1.6B+1.1% | $1.6B+3.6% | $1.6B+9.1% | $1.4B-20.1% | $1.8B+12.8% | $1.6B+4.7% | $1.5B |
| Gross Profit | $290.6M-37.2% | $462.8M-2.9% | $476.6M+2.0% | $467.5M+0.9% | $463.3M-17.9% | $564.0M+6.2% | $531.1M+12.4% | $472.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $59.0M-20.3% | $74.0M+13.4% | $65.3M-2.1% | $66.7M-1.3% | $67.5M+126.8% | -$251.8M-226.3% | $199.3M+1.3% | $196.7M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $30.3M-40.4% | $50.7M-25.4% | $67.9M+1.0% | $67.3M+3.8% | $64.8M+2.4% | $63.3M-22.1% | $81.2M+20.7% | $67.3M |
| Net Income | $98.6M-43.3% | $174.0M-13.6% | $201.4M+4.1% | $193.6M-9.3% | $213.5M-12.0% | $242.5M-3.5% | $251.1M+25.9% | $199.5M |
| EPS (Diluted) | $1.01 | N/A | $2.01+4.7% | $1.92-7.2% | $2.07 | N/A | $2.37+27.4% | $1.86 |
TMHC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.8B-0.7% | $9.8B+2.2% | $9.6B+1.9% | $9.5B+0.7% | $9.4B+0.9% | $9.3B0.0% | $9.3B+2.2% | $9.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $652.9M-23.2% | $850.0M+129.4% | $370.6M+184.7% | $130.2M-65.5% | $377.8M-22.4% | $487.2M+90.0% | $256.4M+3.9% | $246.8M |
| Inventory | $4.8B+2.2% | $4.7B+2.1% | $4.6B-0.2% | $4.6B+2.3% | $4.5B-0.2% | $4.5B+2.0% | $4.4B+1.8% | $4.3B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $663.2M0.0% | $663.2M0.0% | $663.2M0.0% | $663.2M0.0% | $663.2M0.0% | $663.2M0.0% | $663.2M0.0% | $663.2M |
| Total Liabilities | $3.5B-0.1% | $3.5B+2.9% | $3.4B+1.1% | $3.4B-1.0% | $3.4B+0.2% | $3.4B-4.4% | $3.6B+0.1% | $3.6B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $2.3B+2.2% | $2.3B+4.6% | $2.2B+4.4% | $2.1B+0.8% | $2.1B-1.7% | $2.1B-1.1% | $2.1B-0.3% | $2.2B |
| Total Equity | $6.2B-0.7% | $6.3B+1.5% | $6.2B+2.3% | $6.1B+1.7% | $6.0B+1.6% | $5.9B+2.5% | $5.7B+3.6% | $5.5B |
| Retained Earnings | N/A | $5.2B | N/A | N/A | N/A | $4.4B | N/A | N/A |
TMHC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$10.4M-101.6% | $646.4M+194.3% | $219.6M+274.4% | -$126.0M-263.1% | $77.2M-82.4% | $438.2M+222.5% | $135.9M+158.2% | -$233.3M |
| Capital Expenditures | $10.0M-10.5% | $11.1M-14.7% | $13.0M+69.9% | $7.7M-9.8% | $8.5M-15.4% | $10.1M+13.9% | $8.8M+6.0% | $8.3M |
| Free Cash Flow | -$20.4M-103.2% | $635.3M+207.5% | $206.6M+254.6% | -$133.6M-294.5% | $68.7M-84.0% | $428.2M+237.0% | $127.1M+152.6% | -$241.7M |
| Investing Cash Flow | -$18.1M+74.4% | -$70.9M-155.0% | -$27.8M-152.3% | -$11.0M+75.6% | -$45.1M+16.7% | -$54.1M-116.4% | -$25.0M-3.1% | -$24.3M |
| Financing Cash Flow | -$169.2M-77.7% | -$95.3M-312.6% | $44.8M+141.9% | -$106.9M+24.3% | -$141.2M+8.5% | -$154.3M-50.7% | -$102.4M-100.6% | -$51.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $149.6M+109.6% | $71.4M-4.3% | $74.6M-25.4% | $100.0M-26.0% | $135.1M+50.3% | $89.9M+46.7% | $61.3M-41.5% | $104.7M |
TMHC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.9%-1.1pp | 22.0%-0.7pp | 22.7%-0.3pp | 23.0%-1.4pp | 24.4%+0.5pp | 23.9%-1.1pp | 25.0%+1.3pp | 23.7% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 7.1%-1.2pp | 8.3%-1.3pp | 9.6%+0.1pp | 9.5%-1.7pp | 11.3%+1.0pp | 10.3%-1.6pp | 11.8%+1.8pp | 10.0% |
| Return on Equity | 1.6%-1.2pp | 2.8%-0.5pp | 3.3%+0.1pp | 3.2%-0.4pp | 3.6%-0.6pp | 4.1%-0.3pp | 4.4%+0.8pp | 3.6% |
| Return on Assets | 1.0%-0.8pp | 1.8%-0.3pp | 2.1%+0.0pp | 2.1%-0.2pp | 2.3%-0.3pp | 2.6%-0.1pp | 2.7%+0.5pp | 2.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.37+0.0 | 0.36+0.0 | 0.350.0 | 0.350.0 | 0.35-0.0 | 0.36-0.0 | 0.37-0.0 | 0.39 |
| FCF Margin | -1.5%-31.7pp | 30.3%+20.4pp | 9.9%+16.4pp | -6.6%-10.2pp | 3.6%-14.5pp | 18.2%+12.2pp | 6.0%+18.1pp | -12.1% |
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Frequently Asked Questions
What is Taylor Morrison Home Corp's annual revenue?
Taylor Morrison Home Corp (TMHC) reported $8.1B in total revenue for fiscal year 2025. This represents a -0.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Taylor Morrison Home Corp's revenue growing?
Taylor Morrison Home Corp (TMHC) revenue declined by 0.6% year-over-year, from $8.2B to $8.1B in fiscal year 2025.
Is Taylor Morrison Home Corp profitable?
Yes, Taylor Morrison Home Corp (TMHC) reported a net income of $782.5M in fiscal year 2025, with a net profit margin of 9.6%.
How much debt does Taylor Morrison Home Corp have?
As of fiscal year 2025, Taylor Morrison Home Corp (TMHC) had $850.0M in cash and equivalents against $2.3B in long-term debt.
What is Taylor Morrison Home Corp's gross margin?
Taylor Morrison Home Corp (TMHC) had a gross margin of 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Taylor Morrison Home Corp's net profit margin?
Taylor Morrison Home Corp (TMHC) had a net profit margin of 9.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Taylor Morrison Home Corp's return on equity (ROE)?
Taylor Morrison Home Corp (TMHC) has a return on equity of 12.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Taylor Morrison Home Corp's free cash flow?
Taylor Morrison Home Corp (TMHC) generated $777.0M in free cash flow during fiscal year 2025. This represents a 347.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Taylor Morrison Home Corp's operating cash flow?
Taylor Morrison Home Corp (TMHC) generated $817.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Taylor Morrison Home Corp's total assets?
Taylor Morrison Home Corp (TMHC) had $9.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Taylor Morrison Home Corp's capital expenditures?
Taylor Morrison Home Corp (TMHC) invested $40.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Taylor Morrison Home Corp's debt-to-equity ratio?
Taylor Morrison Home Corp (TMHC) had a debt-to-equity ratio of 0.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Taylor Morrison Home Corp's return on assets (ROA)?
Taylor Morrison Home Corp (TMHC) had a return on assets of 8.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Taylor Morrison Home Corp's Piotroski F-Score?
Taylor Morrison Home Corp (TMHC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Taylor Morrison Home Corp's earnings high quality?
Taylor Morrison Home Corp (TMHC) has an earnings quality ratio of 1.04x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Taylor Morrison Home Corp?
Taylor Morrison Home Corp (TMHC) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.