NYSE$BZH

Beazer Homes USA Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Beazer Homes reported fiscal Q4 2025 homebuilding revenue of $750.8M with net income from continuing operations of $30.0M and diluted EPS of $1.02.

Fourth-quarter homebuilding revenue was $750.8 million on 1,406 closings (ASP $534.0 thousand). Net income from continuing operations was $30.0 million ($1.02 diluted EPS) versus $52.1 million ($1.69) a year ago. Adjusted EBITDA was $63.8 million. Backlog fell to 945 homes ($516.5 million) from 1,482 homes a year ago.

  • Q4 homebuilding revenue $750.8M; closings 1,406.
  • Diluted EPS $1.02; adjusted EBITDA $63.8M.
  • Homebuilding gross margin 13.7% (17.2% ex-interest/impairments).
  • Multi-year goals: 200+ communities, leverage low-30%s, book value mid-$50s by FY27.

Headline financials

Total Revenue

$751M

Previous: $806M-6.9%
EPS (adj)

$1.02

Previous: $1.69-39.6%
Total Home Closings

1.4K

Previous: 1.5K-6.0%
Average Selling Price from Closings

$534K

Previous: $524K+1.9%
Net New Orders

999

Previous: 1.0K-2.9%
Orders per Community per Month

2

Previous: 2.2-9.1%
Cancellation Rate

17.9%

Previous: 21.9%-18.3%
Active Community Count at Period-End

169

Previous: 162+4.3%
Adjusted EBITDA

$63.8M

Previous: $93.1M-31.5%
Homebuilding Gross Margin

13.7%

Previous: 17.2%-20.3%
SG&A as % of Total Revenue

9.6%

Previous: 9.7%-1.0%
Land Acquisition & Development Spending

$122M

Previous: $179M-32.0%
Controlled Lots

25.7K

Previous: 28.5K-10.1%
Unrestricted Cash

$215M

No prior period
Total Liquidity

$538M

No prior period
Total Debt to Total Capitalization Ratio

45.2%

Previous: 45.4%-0.4%
Net Debt to Net Capitalization Ratio

39.5%

Previous: 40.0%-1.3%
Net Income

$30M

Previous: $52.1M-42.4%
Operating Income

$24.8M

Previous: $58.2M-57.4%
Gross Profit

$107M

Previous: $141M-24.4%

Revenue & EPS history

Beazer Homes · Revenue · Quarterly

$751M

Q4 2025-6.9%vs Q4 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Beazer Homes · $573M total across 2 segments · Q3 2023

  • Homebuilding Revenue
    $571M+9.0%
  • Land Sales and Other
    $2.01M-41.5%

Forward guidance

Targets 200+ active communities, leverage low-30%s, and book value per share mid-$50s by FY27.

Tailwinds

  • Energy-efficient home positioning.
  • Land option strategy limits capital intensity.

Headwinds

  • Incentive-driven housing market near-term.
  • Backlog and ASP pressure from competition.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-0.6%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+3.1%

Avg return

30 days after

47%

30 / 64 earnings

Positive

+27.0%

Q2 2023

Best reaction

-20.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-3.9%-12.4%+17.0%
Q1 2026-10.9%+1.4%+5.7%
Q4 2025+1.7%-7.4%+5.5%
Q2 2025+8.6%+7.6%+5.1%
Q1 2025-20.0%-20.9%-19.5%
Q4 2024+8.0%+1.8%-4.2%
Q3 2024-15.1%-18.9%-7.1%
Q2 2024-3.6%+1.1%+2.5%
Q1 2024-6.1%-8.3%+1.5%
Q4 2023-10.9%-12.1%+3.0%
Q3 2023+26.6%+23.1%-1.6%
Q2 2023+27.0%+12.1%+24.1%
Q1 2023-7.1%-5.7%-6.5%
Q4 2022+18.1%+14.6%+21.7%
Q3 2022-3.7%-6.7%-4.3%
Q2 2022+2.0%+4.9%+8.2%
Q1 2022-3.1%-1.9%-10.5%
Q4 2021+10.6%+10.3%+20.7%
Q3 2021+4.5%+0.9%+8.6%
Q2 2021+4.3%+15.8%+11.3%
Q1 2021-10.2%-4.1%-4.5%
Q4 2020+3.3%+0.4%+8.0%
Q3 2020-1.7%-1.6%+11.0%
Q2 2020-3.2%-2.2%+35.8%
Q1 2020-17.2%-22.4%-26.2%
Q4 2019+8.4%+8.5%+6.7%
Q3 2019-2.4%-3.7%+6.9%
Q2 2019-8.1%-20.0%-33.3%
Q1 2019-2.7%-11.2%-9.8%
Q4 2018+22.6%+23.1%+28.4%
Q3 2018-5.0%-3.5%-4.7%
Q2 2018+5.6%+8.4%-0.7%
Q1 2018+0.4%-12.4%-5.9%
Q4 2017+3.2%-1.7%-10.0%
Q3 2017+13.1%+16.5%+12.4%
Q2 2017+8.5%+20.1%+4.5%
Q1 2017-6.8%-6.4%-14.1%
Q4 2016+4.7%+13.5%+18.3%
Q3 2016+4.1%+1.0%+15.6%
Q2 2016-17.1%
Q1 2016-17.7%
Q4 2015+9.8%
Q3 2015-10.4%
Q2 2015+2.8%
Q1 2015-16.7%
Q4 2014-3.0%
Q3 2014-6.0%
Q2 2014+5.2%
Q1 2014-2.0%
Q4 2013+5.9%
Q3 2013-1.0%
Q2 2013+15.2%
Q1 2013+2.7%
Q4 2012-16.6%
Q3 2012+5.6%
Q2 2012-12.6%
Q1 2010+13.6%
Q1 2012+2.4%
Q4 2011-2.7%
Q3 2011-16.5%
Q3 2010-16.5%
Q2 2011-1.7%
Q4 2010+7.4%
Q2 2010-11.6%

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