Hovnanian Enterprises, Inc. (HOV)

Hovnanian Enterprises Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Operating Revenue	3,051	2,931	2,696	2,861	2,701	2,272
Other Revenue	89.57	74.06	60.09	61.54	81.69	72.16
Revenue	3,140	3,005	2,756	2,922	2,783	2,344
Revenue Growth (YoY)	7.83%	9.03%	-5.69%	5.01%	18.73%	16.21%
Cost of Revenue	2,540	2,353	2,134	2,222	2,194	1,923
Gross Profit	544.8	601.79	581.67	657.51	544.43	381.03
Selling, General & Admin	345.99	342.23	304.77	296.15	276.59	241.81
Other Operating Expenses	4.07	-0.55	1.95	2.42	1.74	1.1
Operating Expenses	350.06	341.68	306.73	298.58	278.33	242.91
Operating Income	194.74	260.11	274.95	358.93	266.11	138.12
Interest Expense	-30.88	-30.75	-54.08	-47.34	-77.72	-103.8
Earnings From Equity Investments	49.21	52.26	43.16	29.03	8.85	16.57
EBT Excluding Unusual Items	213.07	281.62	264.02	340.62	197.24	50.88
Asset Writedown	-28.06	-11.56	-1.54	-14.08	-3.63	-8.81
Other Unusual Items	46.05	47.02	-6.54	-6.8	-3.75	13.34
Pretax Income	208.06	317.09	255.95	319.75	189.86	55.4
Income Tax Expense	49.18	75.08	50.06	94.26	-417.96	4.48
Net Income	158.88	242.01	205.89	225.49	607.82	50.93
Preferred Dividends & Other Adjustments	15.9	19.13	26.7	30.38	57.68	4.65
Net Income to Common	142.98	222.88	179.19	195.11	550.14	46.28
Net Income Growth	-35.13%	17.54%	-8.69%	-62.90%	1093.48%	-
Shares Outstanding (Basic)	6	6	6	6	6	6
Shares Outstanding (Diluted)	7	7	7	7	6	7
Shares Change (YoY)	-0.68%	5.12%	-0.92%	5.21%	-2.87%	10.32%
EPS (Basic)	22.16	34.40	28.76	30.31	87.50	7.48
EPS (Diluted)	20.64	31.79	26.88	29.00	85.87	7.03
EPS Growth	-35.00%	18.27%	-7.32%	-66.23%	1121.71%	-
Free Cash Flow	113.6	5.78	416.45	76.87	204.27	289.45
Free Cash Flow Per Share	16.41	0.82	62.47	11.43	31.94	43.96
Gross Margin	17.35%	20.03%	21.11%	22.50%	19.56%	16.26%
Operating Margin	6.20%	8.66%	9.98%	12.28%	9.56%	5.89%
Profit Margin	4.55%	7.42%	6.50%	6.68%	19.77%	1.97%
Free Cash Flow Margin	3.62%	0.19%	15.11%	2.63%	7.34%	12.35%
EBITDA	205.31	267.84	283.74	364.39	271.39	143.42
EBITDA Margin	6.54%	8.91%	10.29%	12.47%	9.75%	6.12%
D&A For EBITDA	10.56	7.73	8.8	5.46	5.28	5.3
EBIT	194.74	260.11	274.95	358.93	266.11	138.12
EBIT Margin	6.20%	8.66%	9.98%	12.28%	9.56%	5.89%
Effective Tax Rate	23.64%	23.68%	19.56%	29.48%	-	8.08%
Revenue as Reported	3,140	3,005	2,756	2,922	2,783	2,344
Advertising Expenses	-	17.2	15.4	10.6	9.8	12.9

Updated Aug 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q