Quick answer: latest quarter results, by ticker or company name

Reported Q: Q1 2025 Rev YoY: +13.5% EPS YoY: +24.8% Move: 0.00%

Hovnanian Enterprises Inc

HOVVB

$125.00 0.00%

Exchange OTC Sector Consumer Cyclical Industry Residential Construction

Q1 2025

Published: Feb 28, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for HOVVB

Reported

Report Date

Feb 28, 2025

Quarter Q1 2025

Revenue

673.62M

YoY: +13.5%

EPS

3.58

YoY: +24.8%

Market Move

0.00%

Previous quarter: Q4 2024

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Earnings Highlights

Revenue of $673.62M up 13.5% year-over-year
EPS of $3.58 increased by 24.8% from previous year
Gross margin of 15.8%
Net income of 28.19M
"Honestly, it’s the flavor of the month concern is what we’ve been seeing and feeling. There’s nothing to specifically measure it, but one month it might be concern about tariffs and the effect that’s going to have on inflation for consumers. One month, it may be about interest rates. Another month, it may be about world war possibilities." - Ara Hovnanian

HOVVB

Company HOVVB

Period Q1 2025

Currency USD

Report Type Quarterly Earnings

Generated Mar 28, 2026

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Executive Summary

Hovnanian Enterprises reported QQ1 2025 revenue of $673.6 million, up 13% year over year, with adjusted EBITDA of $72 million and net income of $28.2 million. Despite top-line growth, gross margins remained under pressure as the company continued its mortgage-rate buy-down incentive strategy and shifted toward a greater pace-focused mix. The quarter produced an adjusted pretax income of $41 million, beating the guidance high end, underscoring management’s emphasis on pace over price to sustain profitability in a higher-rate environment.

Key Performance Indicators

Revenue

Increasing

673.62M

QoQ: -31.24% | YoY: 13.52%

Gross Profit

Decreasing

106.50M

15.81% margin

QoQ: -47.84% | YoY: -5.34%

Operating Income

Decreasing

20.60M

QoQ: -82.32% | YoY: -20.45%

Net Income

Increasing

28.19M

QoQ: -70.12% | YoY: 17.93%

EPS

Increasing

3.88

QoQ: -71.97% | YoY: 24.76%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $673.6M (+13% YoY; -31.2% QoQ). Gross profit: $106.5M; gross margin 15.81% (down vs. prior year, driven by incentives). Operating income: $20.6M (3.06% margin); EBITDA: $51.7M; EBITDA margin: 7.67%. Net income: $28.2M; net margin 4.18%. EPS: $3.88 basic, $3.58 diluted. Free cash flow: -$59.6M; operating cash flow: -$55.9M. Liquidity: cash at end of period $144.2M; total debt $981.3M; net debt $887.1M; net debt to GAAP equity 52.2%. Leverage and returns: Equity $811.4M; ROE 3.47% (ratio level presented); Adjusted EBIT ROI highlighted at ~25% in a mid-term model.
Open communities: 148 open for sale, 125 wholly owned; 43,254 controlled lots (7.8-year supply); 84% of lots on option. QMI intensity: 9.3 QMIs per community; 34% of deliveries contracted in same quarter; backlog conversion 76% (highest in 27 years for Q1).
Incentives and pricing: incentives at 9.7% of ASP, up ~160 bps YoY; price increases achieved in ~40% of communities. Guidance for Q2 2025 calls for $675–$775M revenue and gross margin 17.5–18.5%; SG&A 11–12% of revenue; adjusted pretax income $20–$30M; JV income $5–$10M; adjusted EBITDA $50–$60M.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	673.62M	13.52%	-31.24%
Gross Profit	106.50M	-5.34%	-47.84%
Operating Income	20.60M	-20.45%	-82.32%
Net Income	28.19M	17.93%	-70.12%
EPS	3.88	24.76%	-71.97%

Key Financial Ratios

Gross Profit Margin

Weak

15.80%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

2.90%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Fair

4.18%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

1.11%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.47%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

3.84

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

High Risk

1.21

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

7.65x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

1.06x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	686.47	2.43	-3.1%	View
Q1 2025	673.62	3.58	+13.5%	View
Q4 2024	979.64	-19.22	+10.4%	View
Q3 2024	722.70	9.75	+11.2%	View
Q2 2024	708.38	6.66	+0.7%	View

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Hovnanian Enterprises Inc (HOVVB) Q1 2025 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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