Hovnanian Enterprises, Inc. (HOV)

Hovnanian Enterprises Income Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Operating Revenue	2,884	2,931	2,696	2,861	2,701
Other Revenue	94.98	74.06	60.09	61.54	81.69
Revenue	2,979	3,005	2,756	2,922	2,783
Revenue Growth (YoY)	-0.88%	9.03%	-5.69%	5.01%	18.73%
Cost of Revenue	2,462	2,353	2,134	2,222	2,194
Gross Profit	460.24	601.79	581.67	657.51	544.43
Selling, General & Admin	349.84	342.23	304.77	296.15	276.59
Other Operating Expenses	4.17	-0.55	1.95	2.42	1.74
Operating Expenses	354.01	341.68	306.73	298.58	278.33
Operating Income	106.24	260.11	274.95	358.93	266.11
Interest Expense	-35.44	-30.75	-54.08	-47.34	-77.72
Earnings From Equity Investments	46.44	52.26	43.16	29.03	8.85
EBT Excluding Unusual Items	117.23	281.62	264.02	340.62	197.24
Gain (Loss) on Sale of Investments	22.68	-	-	-	-
Asset Writedown	-39.57	-11.56	-1.54	-14.08	-3.63
Other Unusual Items	-14.26	47.02	-6.54	-6.8	-3.75
Pretax Income	86.09	317.09	255.95	319.75	189.86
Income Tax Expense	22.22	75.08	50.06	94.26	-417.96
Net Income	63.87	242.01	205.89	225.49	607.82
Preferred Dividends & Other Adjustments	12.62	19.13	26.7	30.38	57.68
Net Income to Common	51.24	222.88	179.19	195.11	550.14
Net Income Growth	-73.61%	17.54%	-8.69%	-62.90%	1093.48%
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	7	7	7	7	6
Shares Change (YoY)	-1.64%	5.12%	-0.92%	5.21%	-2.87%
EPS (Basic)	7.95	34.40	28.76	30.31	87.50
EPS (Diluted)	7.43	31.79	26.88	29.00	85.87
EPS Growth	-76.61%	18.27%	-7.32%	-66.23%	1121.71%
Free Cash Flow	166.18	5.78	416.45	76.87	204.27
Free Cash Flow Per Share	24.11	0.82	62.47	11.43	31.94
Gross Margin	15.45%	20.03%	21.11%	22.50%	19.56%
Operating Margin	3.57%	8.66%	9.98%	12.28%	9.56%
Profit Margin	1.72%	7.42%	6.50%	6.68%	19.77%
Free Cash Flow Margin	5.58%	0.19%	15.11%	2.63%	7.34%
EBITDA	120.1	267.84	283.74	364.39	271.39
EBITDA Margin	4.03%	8.91%	10.29%	12.47%	9.75%
D&A For EBITDA	13.86	7.73	8.8	5.46	5.28
EBIT	106.24	260.11	274.95	358.93	266.11
EBIT Margin	3.57%	8.66%	9.98%	12.28%	9.56%
Effective Tax Rate	25.81%	23.68%	19.56%	29.48%	-
Revenue as Reported	2,979	3,005	2,756	2,922	2,783
Advertising Expenses	22.8	17.2	15.4	10.6	9.8

Updated Dec 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q