Hovnanian Enterprises (HOV) financial statements
Hovnanian Enterprises reported revenue of $3.0B in fiscal 2025, up 0.9% a year over 9 years.
Net income was $64M and the operating margin 2.4%, against 0.4% in 2016.
Free cash flow was $166M, and the company returned $11M in dividends and $30M in net buybacks.
The diluted share count rose 17% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hovnanian Enterprises's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8B | $2.5B | $2.0B | $2.0B | $2.3B | $2.8B | $2.9B | $2.8B | $3.0B | $3.0B |
| Operating income | $10M | -$3M | -$8M | -$26M | $26M | $185M | $298M | $238M | $263M | $73M |
| Interest expense | $183M | $185M | $164M | $161M | $178M | $162M | $132M | $135M | $121M | — |
| Pre-tax income | $2M | -$45M | $8M | -$40M | $55M | $190M | $320M | $256M | $317M | $86M |
| Income tax | $5M | $287M | $4M | $2M | $4M | -$418M | $94M | $50M | $75M | $22M |
| Net income | -$3M | -$332M | $5M | -$42M | $51M | $608M | $225M | $206M | $242M | $64M |
| EPS (diluted) | -$0.50 | -$56.23 | $0.72 | -$7.06 | $7.03 | $85.86 | $29.00 | $26.88 | $31.79 | $7.43 |
| Diluted shares | 6M | 6M | 6M | 6M | 7M | 6M | 7M | 7M | 7M | 7M |
| Operating margin | 0.4% | -0.1% | -0.4% | -1.3% | 1.1% | 6.6% | 10.2% | 8.7% | 8.8% | 2.4% |
| Net margin | -0.1% | -13.5% | 0.2% | -2.1% | 2.2% | 21.8% | 7.7% | 7.5% | 8.1% | 2.1% |
Balance sheet
Fiscal years, from Hovnanian Enterprises's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $347M | $469M | — | — | — | — | — | — | — | — |
| Property, plant and equipment | $50M | $53M | $20M | $20M | $18M | $19M | $26M | $34M | $43M | $51M |
| Total assets | $2.4B | $1.9B | $1.7B | $1.9B | $1.8B | $2.3B | $2.6B | $2.5B | $2.6B | $2.6B |
| Total liabilities | $2.5B | $2.4B | $2.1B | $2.4B | $2.3B | $2.1B | $2.2B | $1.9B | $1.8B | $1.8B |
| Shareholders' equity | -$129M | -$460M | -$454M | -$490M | -$437M | $175M | $383M | $582M | $800M | $831M |
| Net debt | -$347M | -$469M | — | — | — | — | — | — | — | — |
Cash flow
Fiscal years, from Hovnanian Enterprises's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $387M | $302M | -$67M | -$249M | $293M | $210M | $89M | $435M | $24M | $188M |
| Capital spending | $8M | $6M | $5M | $4M | $3M | $6M | $13M | $19M | $18M | $22M |
| Free cash flow | $379M | $295M | -$72M | -$253M | $289M | $204M | $77M | $416M | $6M | $166M |
| Stock-based compensation | $3M | $557,000 | $4M | $721,000 | $3M | $8M | $10M | $14M | $25M | $17M |
| Dividends paid | — | — | — | $0 | $0 | $0 | $11M | $11M | $11M | $11M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$12M | -$5M | -$27M | -$30M |
| Free cash flow margin | 13.8% | 12.0% | -3.6% | -12.6% | 12.3% | 7.3% | 2.6% | 15.1% | 0.2% | 5.6% |
| Dividends per share | — | — | — | — | — | — | $1.59 | $1.60 | $1.53 | $1.55 |
Questions
What was Hovnanian Enterprises's revenue in 2025?
$3.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Hovnanian Enterprises generate?
$166M in fiscal 2025 (operating cash flow minus capital spending).
From Hovnanian Enterprises's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.