Beazer Homes USA (BZH) financial statements
Beazer Homes USA reported revenue of $2.4B in fiscal 2025, up 2.7% a year over 8 years.
Net income was $46M.
Free cash flow was $3M, and the company returned $33M in net buybacks.
The diluted share count fell 6% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Beazer Homes USA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.9B | $2.1B | $2.1B | $2.1B | $2.1B | $2.3B | $2.2B | $2.3B | $2.4B |
| Cost of revenue | — | $1.6B | $1.8B | $1.8B | — | — | — | — | — | — |
| Gross profit | $297M | $313M | $345M | $166M | $348M | $404M | $538M | $443M | $424M | $338M |
| Selling, general and admin | $154M | $162M | $169M | $161M | $170M | $163M | $177M | $228M | $243M | $270M |
| Operating income | $59M | $62M | $82M | -$90M | $79M | $147M | $272M | $177M | $143M | $37M |
| Interest expense | $25M | $16M | $5M | $3M | $8M | $3M | $0 | $0 | — | — |
| Pre-tax income | $22M | $35M | $49M | -$117M | $71M | $144M | $274M | $183M | $159M | $41M |
| Income tax | $16M | $3M | $94M | -$37M | $18M | $22M | $53M | $24M | $19M | -$5M |
| Net income | $5M | $32M | -$45M | -$80M | $52M | $122M | $221M | $159M | $140M | $46M |
| EPS (diluted) | $0.15 | $0.99 | -$1.41 | -$2.60 | $1.74 | $4.01 | $7.17 | $5.16 | $4.53 | $1.52 |
| Diluted shares | 32M | 32M | 32M | 31M | 30M | 30M | 31M | 31M | 31M | 30M |
| Gross margin | — | 16.3% | 16.4% | 8.0% | 16.3% | 18.9% | 23.2% | 20.1% | 18.2% | 14.2% |
| Operating margin | — | 3.2% | 3.9% | -4.3% | 3.7% | 6.9% | 11.8% | 8.0% | 6.1% | 1.5% |
| Net margin | — | 1.7% | -2.2% | -3.8% | 2.5% | 5.7% | 9.5% | 7.2% | 6.0% | 1.9% |
Balance sheet
Fiscal years, from Beazer Homes USA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $229M | $292M | $140M | $107M | $328M | $247M | $215M | $346M | $204M | $215M |
| Property, plant and equipment | $19M | $18M | $21M | $27M | $22M | $23M | $25M | $31M | $39M | $48M |
| Goodwill | — | — | $10M | $11M | $11M | $11M | $11M | $11M | $11M | $11M |
| Total assets | $2.2B | $2.2B | $2.1B | $2.0B | $2.0B | $2.1B | $2.3B | $2.4B | $2.6B | $2.6B |
| Total liabilities | $1.6B | $1.5B | $1.5B | $1.4B | $1.4B | $1.4B | $1.3B | $1.3B | $1.4B | $1.4B |
| Shareholders' equity | $643M | $682M | $644M | $539M | $593M | $725M | $939M | $1.1B | $1.2B | $1.2B |
| Net debt | -$243M | -$305M | -$153M | -$123M | -$343M | -$274M | -$252M | -$386M | -$243M | -$219M |
Cash flow
Fiscal years, from Beazer Homes USA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $163M | $105M | $55M | $114M | $289M | $32M | $81M | $178M | -$138M | $32M |
| Capital spending | $12M | $12M | $17M | $21M | $11M | $15M | $15M | $20M | $22M | $29M |
| Free cash flow | $151M | $92M | $38M | $92M | $278M | $17M | $66M | $158M | -$160M | $3M |
| Stock-based compensation | $8M | $8M | $10M | $11M | $10M | $12M | $8M | $7M | $7M | $7M |
| Share buybacks (net) | — | $0 | $0 | -$35M | -$3M | $0 | -$8M | $0 | -$13M | -$33M |
| Net borrowing | -$186M | -$24M | -$122M | -$77M | -$51M | -$82M | -$74M | -$9M | $48M | $0 |
| Free cash flow margin | — | 4.8% | 1.8% | 4.4% | 13.1% | 0.8% | 2.8% | 7.1% | -6.9% | 0.1% |
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Open BZH in InvestinglyQuestions
What was Beazer Homes USA's revenue in 2025?
$2.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Beazer Homes USA generate?
$3M in fiscal 2025 (operating cash flow minus capital spending).
From Beazer Homes USA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.