Beazer Homes USA, Inc.
BZH Consumer Cyclical Residential Construction
Beazer Homes USA, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $2.4 billion, up 1.77% from fiscal 2024. In the quarter to June 2026, revenue fell 5.33%, EPS fell 1,500.0%, free cash flow fell 119.3% and total debt rose 23.3%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three.
Follow BZH
Beazer Homes USA, Inc. (BZH) Altman Z-score
Beazer Homes USA, Inc.'s Altman Z-score for fiscal 2025 is 2.51, in the grey zone (1.81–2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.51 | (0.25) |
| FY2024 | 2.76 | 0.10 |
| FY2023 | 2.66 | 0.04 |
| FY2022 | 2.62 | 0.25 |
| FY2021 | 2.37 | 0.24 |
| FY2020 | 2.12 | 0.30 |
| FY2019 | 1.82 | (0.26) |
| FY2018 | 2.08 | 0.05 |
| FY2017 | 2.03 | 0.16 |
| FY2016 | 1.87 | 0.17 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.84 | — | 1.00 | |
| Retained earnings / total assets | 0.16 | — | 0.23 | |
| EBIT / total assets | 0.01 | — | 0.05 | |
| Market value of equity / total liabilities | 0.54 | — | 0.32 | |
| Sales / total assets | 0.91 | — | 0.91 | |
| Altman Z-score | Grey zone | 2.51 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.07 | ||
Z and Z″ put Beazer Homes USA, Inc. in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| LEGH Legacy Housing Corporation compare | 7.1× |
| GRBK Green Brick Partners, Inc. compare | 5.7× |
| MHO M/I Homes, Inc. compare | 4.5× |
| KBH KB Home compare | 3.8× |
| MTH Meritage Homes Corporation compare | 3.2× |
| LGIH LGI Homes, Inc. compare | 2.7× |
| DFH Dream Finders Homes, Inc. compare | 2.6× |
| BZH Beazer Homes USA, Inc. | 2.5× |
| HOV Hovnanian Enterprises Inc compare | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets