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Hovnanian Enterprises Inc

HOV Consumer Cyclical Residential Construction

Hovnanian Enterprises Inc’s revenue for fiscal 2025 (year ended October 2025) was $3.0 billion, down 0.88% from fiscal 2024.

Revenue
−11.9%
EPS
−132.7%
Free cash flow
−160.9%
Total debt
−39.4%

Quarter to July 2026, against a year earlier

105.14 5.41 −4.89%
Market cap
$614.0M
P/E
118×
Fwd P/E
24.9×
Dividend yield
—
F-score
6/9
Altman Z
1.91
Beneish M
−2.68
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.77
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — 2 — — — — —
Insider Ownership 32.78%

Capital & Financial Ratios $m

Size
Market Cap 614.02
Revenue ttm 2,823.25
Net income ttm 17.38
Free cash flow ttm 202.26
Net debt Q (380.97)
Valuation
P/E 117.83 (above 35: high)
Forward P/E 24.90
Price / sales 0.24
Forward P/S Powerpack
Price / FCF 3.33
Price / book 0.98
Financial health
Current ratio Q 1.46
Debt / equity Q 0.04 (at or below 0.5: strong)
Interest coverage Q 0.50
Growth
Revenue growth Q −11.85% (below 0%: shrinking)
Operating income growth Q −63.96% (below 0%: shrinking)
EPS, this year −46.30% (below 0%: weak)
EPS, next year A −46.12% (below 0%: weak)
Revenue, next year A −4.92% (below 0%: weak)
EPS, past 5 yrs +1.11%
EPS, next 5 yrs A −18.85% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.1×, against a ten-year median of 0.1×; over the ten years it ranged from −0.1× in 2018 to 0.6× in 2016.
P/E against its own 10 years 97.39%
10-year low 10-year high
P/S against its own 10 years 73.34%
10-year low 10-year high
P/B against its own 10 years 9.13%
10-year low 10-year high
EV/Sales against its own 10 years 44.74%
10-year low 10-year high
EV/FCF against its own 10 years 48.95%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 540 361 449 413
Receivables 28 29 26 50
Inventory 1,349 1,645 1,637 1,794
Other — — — —
1,987 2,117 2,203 2,386
2023 2024 2025 Q'26
Payables 415 433 439 467
ST’ Debt — — — —
Other 51 42 46 235
1,547 1,391 1,398 1,637

Compound Annual Growth %

10y 5y 3y
Sales 3.32% 4.91% 0.64%
Cash Flow 0.00% (8.45%) 28.15%
Earnings 0.00% 2.06% (35.96%)
Book Value 0.00% 0.00% 29.45%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY25 Estimate 0.63 Actual 5.96

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY17 1.25 −0.50 Miss by 1.75
Q2 FY25 2.45 2.43 Miss by 0.02
Q3 FY25 3.51 1.99 Miss by 1.52
Q4 FY25 0.63 5.96 Beat by 5.33

EPS $

Jan Apr Jul Oct Year
’26 2.62 (0.46) (0.70) — —
’25 3.58 2.43 1.99 (0.73) 7.43
’24 2.91 6.66 9.75 12.79 31.79
’23 2.26 4.47 7.38 13.05 26.88
’22 3.07 8.39 10.82 7.24 29.00
’21 2.75 69.65 6.72 7.41 85.86
’20 (1.49) 0.60 2.16 5.54 7.03
Fiscal quarters ending in the months shown.

Revenue $m

Jan Apr Jul Oct Year
’26 632 668 706 — —
’25 674 686 801 818 2,979
’24 594 708 723 980 3,005
’23 515 704 650 887 2,756
’22 565 703 768 887 2,922
’21 575 703 691 814 2,783
’20 494 538 628 683 2,344
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jan Apr Jul Oct Year
’26 141 (67) (24) — —
’25 (56) 22 53 169 188
’24 (89) 89 (92) 116 24
’23 (31) 97 226 144 435
’22 (116) 54 34 118 89
’21 (94) 110 67 128 210
’20 28 52 113 100 293
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jan Apr Jul Oct Year
’26 132 (66) (28) — —
’25 (59) 17 46 164 168
’24 (94) 86 (96) 112 7
’23 (35) 93 221 140 418
’22 (118) 51 30 114 77
’21 (95) 108 65 126 204
’20 27 51 112 99 290
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to October

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jul ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,752 2,452 1,991 2,017 2,344 2,783 2,922 2,756 3,005 2,979 2,823 +0.9% 2,832 2,960 3,200 +2.4%
Gross margin, % 13.04 14.32 16.34 14.80 15.88 19.43 22.02 21.05 19.64 14.12 13.51 +1.1 pt
EBT 2 (45) 8 (40) 55 190 320 256 317 86 22 +48.6%
EBT margin, % 0.09 (1.85) 0.41 (1.97) 2.36 6.82 10.94 9.29 10.55 2.89 0.78 +2.8 pt
Net income (3) (332) 5 (42) 51 608 225 206 242 64 17 n/m
Per share, $
Per share, $ Revenue 466.64 414.97 335.17 337.96 378.72 442.64 453.97 442.38 463.79 461.87 440.31 (0.1%)
Earnings (0.50) (56.25) 0.75 (7.06) 7.48 87.50 30.31 28.76 34.40 7.95 0.89 n/m
Cash flow 65.61 51.05 (11.25) (41.74) 47.31 33.44 13.90 69.87 3.65 29.20 34.13 (8.6%)
Capex (1.23) (1.05) 5.57 (0.67) (0.53) (0.94) (1.95) (2.71) (2.54) (3.15) (2.58) +11.0%
Free cash flow 64.39 49.99 (5.67) (42.41) 46.79 32.50 11.95 67.16 1.11 26.05 31.54 (9.6%)
Book value (21.79) (77.92) (76.33) (82.07) (70.46) 27.90 59.51 93.39 123.53 128.85 128.03 n/m
Shares, m 6 6 6 6 6 6 6 6 6 6 6 +1.0%
Valuation, ×
Valuation, × P/E 0.00 0.00 111.45 0.00 4.64 0.99 1.34 2.40 5.08 15.20 117.83 14.1
P/S 0.08 0.15 0.11 0.07 0.09 0.20 0.09 0.16 0.38 0.26 0.24 0.2
P/B 0.00 0.00 0.00 0.00 0.00 13.70 1.05 0.97 1.72 1.11 0.98 1.9
EV/Sales (0.05) (0.06) (0.01) 0.04 (0.01) 0.13 0.00 (0.01) 0.29 0.12 0.10 0.0
EV/FCF (0.33) (0.49) 0.36 (0.29) (0.12) 1.72 (0.13) (0.04) 120.90 2.12 1.45 12.4
Cash, $m
Cash, $m Operating cash flow 387 302 (67) (249) 293 210 89 435 24 188 219 (7.7%)
Capex (7) (6) 33 (4) (3) (6) (13) (17) (16) (20) (17) +12.1%
Free cash flow 380 295 (34) (253) 290 204 77 418 7 168 202 (8.7%)
Balance, $m
Balance, $m Working capital 50 (365) (336) (195) (210) (102) 339 440 726 805 749 +36.2%
Net debt (355) (503) (229) (75) (245) (198) (270) (449) (270) (419) (381) +1.9%
Shareholders’ equity (129) (460) (454) (490) (436) 175 383 582 800 831 821 n/m
Returns, %
Returns, % ROA (0.11) (15.61) 0.24 (2.38) 2.50 26.53 7.99 7.09 8.74 1.96 0.22 +2.1 pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 191.51 129.51 29.23 10.76 4.98 +10.8 pt
ROE 1.07 77.30 (0.74) 6.94 (7.74) (207.09) 135.57 51.62 40.10 7.53 0.86 +6.5 pt
People
People Employees 1,961 1,905 1,851 1,868 1,697 1,784 1,866 1,715 1,878 1,891 — (0.4%)
Revenue/emp, $m 1.40 1.29 1.08 1.08 1.38 1.56 1.57 1.61 1.60 1.58 — +1.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026 · fundamentals updated 25 Oct 2026

Hovnanian Enterprises Inc vs peers in Residential Construction (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MTH Meritage Homes Corporation $4.6B 15.9× 14.9× −17.41% (below 0%: shrinking) −25.71% (below 0%: shrinking) +66.18% (above 0%: growing) 17.88% 6.79% Compare
MHO M/I Homes, Inc. $3.4B 12.5× 12.0× −4.92% (below 0%: shrinking) −34.66% (below 0%: shrinking) −139.62% (below 0%: shrinking) 20.86% 7.74% Compare
KBH KB Home $3.2B 14.4× 14.9× −19.96% (below 0%: shrinking) −35.34% (below 0%: shrinking) −178.04% (below 0%: shrinking) 16.85% 5.54% Compare
GRBK Green Brick Partners, Inc. $2.8B 10.6× 10.6× −8.82% (below 0%: shrinking) −23.16% (below 0%: shrinking) −346.83% (below 0%: shrinking) 29.84% 17.05% Compare
DFH Dream Finders Homes, Inc. $1.1B 12.8× 9.2× +2.71% (above 0%: growing) n/m −16.82% (below 0%: shrinking) 14.80% 0.31% Compare
LGIH LGI Homes, Inc. $1.1B 15.4× 15.7× +10.15% (above 0%: growing) +23.82% (above 0%: growing) +1,594.22% (above 0%: growing) 20.07% 6.10% Compare
LEGH Legacy Housing Corporation $716.1M 11.5× 10.9× +72.20% (above 0%: growing) +136.11% (above 0%: growing) +113.55% (above 0%: growing) 0.00% 33.62% Compare
HOV Hovnanian Enterprises Inc $614.0M 118× 24.9× −11.85% (below 0%: shrinking) n/m −160.88% (below 0%: shrinking) 13.12% 0.81%
BXBL BOXABL, Inc $463.8M — (loss-making) — — n/m −211.88% (below 0%: shrinking) — 0.00% Compare
Median of peers $2.0B 12.8× 12.0× −4.92% −24.43% −78.22% 17.88% 6.45%

All 19 Residential Construction stocks →

Pay and ownership Proxy statement filed 9 February 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 13.65m 9.38m 378.56
2024 13.20m 48.30m 554.28
2023 9.48m 25.78m 218.77
2022 16.51m 6.49m 126.98
2021 12.48m 38.82m 265.30
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Hovnanian Enterprises Inc (HOV) Latest News

28 Aug

Impact 3 ·

27 Aug

Impact 3 · · The Motley Fool transcript

20 Aug

Impact 3 ·
Impact 3 · · Moby
Impact 3 · · MarketBeat transcript
Impact 3 ·

21 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · GlobeNewswire
Impact 3 · · GuruFocus.com transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · The Motley Fool transcript

14 May

Impact 4 · · Simply Wall St.

28 Apr

Impact 4 · · Simply Wall St.

8 Apr

Impact 4 · · PR Newswire

28 Feb

Impact 4 · · MarketBeat

25 Feb

Impact 4 · · GlobeNewswire
Impact 3 · · Associated Press Finance

24 Feb

Impact 4 · · Moby

6 Feb

Impact 4 · · Investing.com

3 Feb

Impact 4 · · GlobeNewswireFinancial TimesWorld Construction NetworkBloombergHotel Management NetworkHotel Management NetworkWWDVerdict

22 Jan

Impact 3 ·

12 Dec

Impact 4 · · Barrons.com

8 Dec

Impact 4 · · The Wall Street Journal
Impact 3 · · The Wall Street Journal

4 Dec

Impact 4 · · GuruFocus.com
Impact 4 · · Barrons.com
Impact 4 · · The Wall Street Journal
Impact 4 · · ZacksZacks
Impact 4 · · Associated Press Finance
Impact 3 · · The Wall Street Journal
stockrow.com/HOV · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com