Taylor Morrison Home Corporation (TMHC) financials
NYSE · Consumer Cyclical · Residential Construction · 2,800 employees · CEO Sheryl Denise Palmer
- Price
- $72.45 -0.03%
- Market cap
- $6.67B
- Enterprise value
- $8.43B
- Last report
- Q1 '26 filed 2026-04-22
Revenue (TTM)$7.61B-9.0% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)13.2%-2.2 pp vs a year agoOperating income $1B
Net income (TTM)$672M-25.9% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$710M+83.1% vs a year agoCapex $41.8M
Diluted EPS (TTM)$6.70-22.0% vs a year agoSum of the last 4 quarters
Net cash-$1.76B+1.1% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $6.67B EV $8.43B
- Revenue
- $7.61B Trailing 12 months
- Revenue growth
- -18% FY2026 consensus
- Profit margin
- 8.8% Net income / revenue, TTM
- P/E
- 10.6× Forward 13.7× (FY2026)
- P/S
- 0.9× Price / sales, TTM
- EV / EBITDA
- 8.6× TTM
- Free cash flow
- $710M Trailing 12 months
- Net income
- $672M Trailing 12 months
- Revenue estimate
- $6.64B FY2026 consensus
- Earnings
- –
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-04-22): revenue beat by 5.0%, EPS beat by 25.6%Revenue $1.39B vs $1.32B expected (+5.0%); EPS $1.03 vs $0.82 (+25.6%).
- Revenue growth slowing: -26.8% year on yearQ1 '26 revenue $1.39B, against an average of 0.4% over the four quarters before.
- Operating margin 13.2% (TTM), -2.2 pp on a year agoOperating income grew -22.1% while revenue grew -9.0%.
- 12.0% of pre-tax profit is eaten by non-operating lossesPre-tax income $894M vs operating income $1B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
- Capex 0.5% of revenue (a year ago 0.4%)$41.8M invested in the last 4 quarters (+17.0% on a year earlier). Free cash flow $710M = 105.6% of net income.
- Returned $403M to shareholders = 56.8% of free cash flowBuybacks $403M (a year earlier $391M), dividends $0, stock-based pay $14.6M (TTM).
- Diluted share count down 5.3% in a year97.5M diluted shares in Q1 '26, 103M a year earlier.
- Net debt $1.76BCash + short-term investments $653M, debt incl. leases $2.41B; a year ago net debt $1.78B.
Last quarter: Q1 '26
Quarter ended 2026-03-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q1 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $1.39B | $1.9B | -26.8% |
| Gross margin | 21.0% | 24.6% | -3.6 pp |
| Operating income | $142M | $290M | -51.1% |
| Operating margin | 10.2% | 15.3% | -5.1 pp |
| Net income | $100M | $213M | -53.0% |
| Diluted EPS | $1.01 | $2.07 | -51.2% |
| Operating cash flow | -$10.4M | $77.2M | -113.5% |
| Capex | $9.96M | $8.51M | +17.0% |
| Free cash flow | -$20.4M | $68.7M | -129.7% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $6.56M | $7.79M | -15.7% |
Reported vs consensus
2026-04-22| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $1.39B | $1.32B | +5.0% |
| EPS (as estimated) | $1.03 | $0.82 | +25.6% |
From the report of 2026-04-22 for Q1 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q1 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Home Sales | $1.31B | -28.3% | 94.5% | $7.24B | -9.0% | |
| Amenity | $11.9M | +13.6% | 0.9% | $121M | -12.9% | |
| Financial Services | $49.3M | -3.8% | 3.6% | $207M | +1.9% | |
| Land Sales | $14.5M | +239.8% | 1.0% | $47.2M | -39.9% |
Revenue by region
share of total| Segment | Q1 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| East Homebuilding Segment | $489M | – | 64.3% | – | – | |
| Central Segment | $271M | – | 35.7% | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $751M
- Capex
- -$41.8M
- Buybacks
- -$403M
- Dividends
- $0
- Acquisitions
- -$18.4M
- Net debt issued
- $99.4M
- Stock-based compensation
- $14.6M
- Free cash flow
- $710M
- Returned to shareholders / FCF
- 56.8%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 10.6× | 6.4× | 3.3× – 7.5× |
| EV / EBITDA | 8.6× | 6.3× | 3.7× – 7.8× |
| EV / Sales | 1.1× | 0.9× | 0.7× – 1.0× |
| Price / FCF | 9.4× | 13.4× | 3.2× – 36.7× |
| Price / Book | 1.1× | 1.0× | 0.8× – 1.1× |
| FCF yield | 10.6% | 13.8% | 2.7% – 30.9% |
| Return on invested capital | 10.7% | 11.5% | 9.0% – 14.8% |
| Return on equity | 10.9% | 16.3% | 12.4% – 22.7% |
Analysts
Consensus target $72.67 (+0.3%)
range $72.50 – $73.00 · rating Hold
Strong buy0
Buy14
Hold16
Sell1
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $6.64B | -18.3% | $5.29 | -31.9% | 13.7× | 3 |
| FY2027 | $7.15B | +7.7% | $6.54 | +23.5% | 11.1× | 4 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 238 figures Taylor Morrison Home Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts and Financing Receivables, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance | $139M | $225M | -38.2% | $133M | $208M | -36.3% |
| Accounts Payable | $255M | $277M | -7.7% | $252M | $270M | -6.9% |
| Accrued Income Taxes | $8.33M | $67.1M | -87.6% | $8.15M | $2.24M | +263.2% |
| Accrued Liabilities and Other Liabilities | $586M | $551M | +6.4% | $683M | $632M | +7.9% |
| Accrued Professional Fees | $43.4M | $49M | -11.4% | $53.3M | $49.1M | +8.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $2.6M2025-12-31 | $2.51M | +3.5% | $2.6M | $2.51M | +3.5% |
| Additional Paid in Capital | $3.11B2025-12-31 | $3.09B | +0.9% | $3.11B | $3.09B | +0.9% |
| Advertising Expense | – | – | – | $40.7M | $33.8M | +20.4% |
| Amortization of Debt Discount (Premium) | $800K | $665K | +20.3% | $2.73M | $2.89M | -5.5% |
| APIC, Share-based Payment Arrangement, ESPP, Increase for Cost Recognition | $6.56M | $7.79M | -15.7% | $29M | $22.5M | +29.3% |
| Assets | $9.77B | $9.38B | +4.1% | $9.84B | $9.3B | +5.8% |
| Assets Held-for-sale, Not Part of Disposal Group, Current | – | – | – | $89.7M2024-12-31 | $0 | – |
| Cash and Cash Equivalents, at Carrying Value | $653M | $378M | +72.8% | $850M | $487M | +74.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $653M | $378M | +72.8% | $851M | $487M | +74.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$198M | -$109M | -81.4% | $364M | -$320M | +213.8% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 400M | 400M | 0.0% | 400M | 400M | 0.0% |
| Common Stock, Shares, Issued | 163M2025-12-31 | 162M | +0.5% | 163M | 162M | +0.5% |
| Common Stock, Shares, Outstanding | 96.5M2025-12-31 | 102M | -5.6% | 96.5M | 102M | -5.6% |
| Common Stock, Value, Issued | $1K2025-12-31 | $1K | 0.0% | $1K | $1K | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | – | – | – | $8.76M | $3.26M | +168.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | – | – | – | $783M | $885M | -11.6% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | – | – | – | $791M | $888M | -10.9% |
| Contract with Customer, Liability | $155M | $243M | -36.3% | $125M | $239M | -47.7% |
| Cost of Revenue | $1.1B | $1.43B | -23.5% | $6.25B | $6.18B | +1.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $196M | $232M | -15.4% |
| Current Income Tax Expense (Benefit) | – | – | – | $242M | $279M | -13.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $46.5M | $46.9M | -0.8% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $11.1M | $6.18M | +80.3% | $11.7M | $6.62M | +76.3% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $7.46M | -$8.95M | +183.4% |
| Deferred Income Tax Assets, Net | $74.4M | $76.2M | -2.5% | $74.4M | $76.2M | -2.5% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $1.89M | -$8.42M | +122.4% |
| Deferred Other Tax Expense (Benefit) | – | – | – | $8.28M | -$9.11M | +190.9% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $818K | -$161K | +608.1% |
| Deferred Tax Assets, Gross | $161M2025-12-31 | $170M | -4.9% | $161M | $170M | -4.9% |
| Deferred Tax Assets, Inventory | $25.3M2025-12-31 | $26.5M | -4.4% | $25.3M | $26.5M | -4.4% |
| Deferred Tax Assets, Net | $74.4M2025-12-31 | $76.2M | -2.5% | $74.4M | $76.2M | -2.5% |
| Deferred Tax Assets, Operating Loss Carryforwards | $43.2M2025-12-31 | $49M | -11.7% | $43.2M | $49M | -11.7% |
| Deferred Tax Assets, Tax Deferred Expense, Other | $26M2025-12-31 | $20.7M | +25.6% | $26M | $20.7M | +25.6% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $66.7M2025-12-31 | $73.4M | -9.2% | $66.7M | $73.4M | -9.2% |
| Deferred Tax Assets, Valuation Allowance | $4.58M2025-12-31 | $5.73M | -20.0% | $4.58M | $5.73M | -20.0% |
| Deferred Tax Liabilities, Gross | $82.3M2025-12-31 | $87.6M | -6.1% | $82.3M | $87.6M | -6.1% |
| Deferred Tax Liabilities, Intangible Assets | $26.5M2025-12-31 | $21.5M | +23.2% | $26.5M | $21.5M | +23.2% |
| Deferred Tax Liabilities, Other | $12.2M2025-12-31 | $10.9M | +12.6% | $12.2M | $10.9M | +12.6% |
| Deferred Tax Liabilities, Tax Deferred Income | $43.5M2025-12-31 | $55.2M | -21.2% | $43.5M | $55.2M | -21.2% |
| Defined Contribution Plan, Employer Discretionary Contribution Amount | – | – | – | $15.3M | $14.4M | +6.3% |
| Deposits Assets | $388M | $303M | +28.3% | $361M | $300M | +20.4% |
| Depreciation | – | – | – | $7.5M | $11.5M | -34.8% |
| Depreciation, Depletion and Amortization | $10.7M | $9.02M | +19.0% | $40.2M | $41.2M | -2.4% |
| Derivative Liability, Fair Value, Gross Liability | $17.7M | $4.74M | +273.1% | $14.6M | $1.74M | +736.1% |
| Earnings Per Share, Basic | $1.03 | $2.11 | -51.2% | $7.90 | $8.43 | -6.3% |
| Earnings Per Share, Diluted | $1.01 | $2.07 | -51.2% | $7.77 | $8.27 | -6.0% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $219M | $243M | -9.9% |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 21.0% | 21.0% | 0.0% |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount | – | – | – | $0 | $0 | – |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent | – | – | – | 0.0% | 0.0% | – |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount | – | – | – | $1.99M2023-12-31 | – | – |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent | – | – | – | 0.2%2023-12-31 | – | – |
| Effective Income Tax Rate Reconciliation, Other Adjustments, Amount | – | – | – | -$4.71M | -$1.87M | -151.5% |
| Effective Income Tax Rate Reconciliation, Other Adjustments, Percent | – | – | – | -0.4% | -0.2% | -100.0% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-03-31
Some figures could not be updated in the last refresh; they show older data or none.
Data as of 2026-11-02