NYSE : TMHC
Taylor Morrison Home Corporation — Financial statements
Consumer Discretionary · Residential Construction · United States
Last price 72.45 USD (Jul 24, 2026, 4:00 PM EDT) · Market cap 6.67B
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Financial statements
Taylor Morrison Home Corporation (TMHC) reported revenue of 7.61B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 7.41B | 7.91B | 7.97B | 7.26B | 8.09B | 7.34B |
| Other Revenue | 207.48M | 209.41M | 199.46M | 160.31M | 135.49M | 164.62M |
| Revenue | 7.61B | 8.12B | 8.17B | 7.42B | 8.22B | 7.50B |
| Cost of Revenue | 5.79B | 6.12B | 6.05B | 5.53B | 6.02B | 5.85B |
| Gross Profit | 1.72B | 1.90B | 2.01B | 1.79B | 2.12B | 1.56B |
| Selling, General & Admin | 707.21M | 734.99M | 770.50M | 698.71M | 643.21M | 668.34M |
| Other Operating Expenses | 14.17M | |||||
| Operating Expenses | 707.21M | 734.99M | 770.50M | 698.71M | 643.21M | 682.51M |
| Operating Income | 1.01B | 1.16B | 1.24B | 1.10B | 1.47B | 874.01M |
| Interest Expense | -49.66M | -47.00M | -13.32M | -17.67M | -3.79M | |
| Interest & Investment Income | 12.58M | |||||
| Earnings From Equity Investments | 4.29M | 4.87M | 6.35M | 8.76M | -14.18M | 2.49M |
| Other Non Operating Income (Expenses) | -14.69M | -18.11M | -5.64M | -87.57M | -48.20M | |
| EBT Excluding Unusual Items | 953.90M | 1.10B | 1.23B | 1.03B | 1.39B | 872.71M |
| Gain (Loss) on Sale of Assets | 14.51M | |||||
| Asset Writedown | -22.12M | -28.82M | -29.64M | -11.79M | -24.87M | |
| Legal Settlements | -23.68M | |||||
| Other Unusual Items | -37.62M | -32.92M | -21.30M | -295.00K | 9.08M | -9.60M |
| Pretax Income | 894.16M | 1.04B | 1.16B | 1.02B | 1.39B | 863.11M |
| Income Tax Expense | 216.19M | 250.78M | 269.55M | 248.10M | 336.43M | 180.74M |
| Earnings From Continuing Operations | 677.96M | 791.26M | 886.57M | 769.74M | 1.06B | 682.37M |
| Net Income to Company | 677.96M | 791.26M | 886.57M | 769.74M | 1.06B | 682.37M |
| Minority Interest in Earnings | -10.30M | -8.76M | -3.26M | -812.00K | -3.45M | -19.34M |
| Net Income | 667.66M | 782.50M | 883.31M | 768.93M | 1.05B | 663.03M |
| Net Income to Common | 667.66M | 782.50M | 883.31M | 768.93M | 1.05B | 663.03M |
| Shares Outstanding (Basic) | 97.77M | 99.07M | 104.81M | 108.42M | 114.98M | 126.08M |
| Shares Outstanding (Diluted) | 99.34M | 100.71M | 106.85M | 110.14M | 116.22M | 128.02M |
| EPS (Basic) | 6.83 | 7.90 | 8.43 | 7.09 | 9.16 | 5.26 |
| EPS (Diluted) | 6.72 | 7.77 | 8.27 | 6.98 | 9.06 | 5.18 |
| Free Cash Flow | 687.86M | 776.97M | 173.75M | 772.74M | 1.08B | 355.45M |
| Free Cash Flow Per Share | 6.92 | 7.71 | 1.63 | 7.02 | 9.27 | 2.78 |
| Gross Margin | 22.61% | 23.38% | 24.65% | 24.20% | 25.74% | 20.75% |
| Operating Margin | 13.32% | 14.33% | 15.22% | 14.78% | 17.92% | 11.65% |
| Profit Margin | 8.77% | 9.63% | 10.81% | 10.37% | 12.80% | 8.84% |
| Free Cash Flow Margin | 9.04% | 9.57% | 2.13% | 10.42% | 13.10% | 4.74% |
| EBITDA | 1.06B | 1.20B | 1.28B | 1.13B | 1.51B | 913.99M |
| EBITDA Margin | 13.87% | 14.83% | 15.73% | 15.23% | 18.33% | 12.19% |
| D&A For EBITDA | 41.90M | 40.18M | 41.19M | 33.41M | 33.84M | 39.98M |
| EBIT | 1.01B | 1.16B | 1.24B | 1.10B | 1.47B | 874.01M |
| EBIT Margin | 13.32% | 14.33% | 15.22% | 14.78% | 17.92% | 11.65% |
| Effective Tax Rate | 24.18% | 24.07% | 23.32% | 24.38% | 24.16% | 20.94% |
| Revenue as Reported | 7.61B | 8.12B | 8.17B | 7.42B | 8.22B | 7.50B |
| Advertising Expenses | 40.70M | 33.80M | 28.70M | 33.90M | 30.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 652.93M | 850.04M | 487.15M | 798.57M | 724.49M | 832.82M |
| Trading Asset Securities | 2.11M | |||||
| Cash & Short-Term Investments | 652.93M | 850.04M | 487.15M | 798.57M | 724.49M | 834.93M |
| Other Receivables | 269.83M | 241.68M | 217.70M | 184.52M | 191.50M | 150.86M |
| Receivables | 269.83M | 241.68M | 217.70M | 184.52M | 191.50M | 150.86M |
| Inventory | 6.24B | 6.14B | 6.23B | 5.55B | 5.37B | 5.50B |
| Prepaid Expenses | 524.97M | 67.72M | 39.25M | 38.41M | 41.57M | 38.31M |
| Restricted Cash | 500.00K | 1.19M | 15.00K | 8.53M | 2.15M | 3.52M |
| Other Current Assets | 388.28M | 654.40M | 542.63M | 348.62M | 328.60M | 385.71M |
| Total Current Assets | 8.21B | 8.09B | 7.73B | 7.12B | 7.01B | 7.38B |
| Property, Plant & Equipment | 331.85M | 319.81M | 300.77M | 370.32M | 292.84M | 241.04M |
| Long-Term Investments | 483.01M | 486.98M | 439.72M | 346.19M | 282.90M | 171.41M |
| Goodwill | 663.20M | 663.20M | 663.20M | 663.20M | 663.20M | 663.20M |
| Long-Term Deferred Tax Assets | 74.36M | 74.36M | 76.25M | 67.83M | 67.66M | 151.24M |
| Long-Term Deferred Charges | 5.50M | 2.00M | 2.90M | 4.30M | 1.80M | |
| Other Long-Term Assets | 205.23M | 86.42M | 104.21M | 154.28M | 118.70M | |
| Total Assets | 9.77B | 9.84B | 9.30B | 8.67B | 8.47B | 8.73B |
| Accounts Payable | 255.35M | 251.64M | 270.27M | 263.48M | 269.76M | 253.35M |
| Accrued Expenses | 532.32M | 605.41M | 588.20M | 502.96M | 437.10M | 474.93M |
| Short-Term Debt | 90.86M | 82.61M | 174.46M | 153.46M | 306.07M | 445.42M |
| Current Portion of Long-Term Debt | 232.12M | |||||
| Current Portion of Leases | 16.51M | |||||
| Current Income Taxes Payable | 8.33M | 8.15M | 2.24M | |||
| Other Current Liabilities | 449.00K | |||||
| Total Current Liabilities | 886.86M | 1.20B | 1.04B | 919.90M | 1.01B | 1.17B |
| Long-Term Debt | 2.25B | 1.98B | 1.95B | 1.86B | 2.18B | 2.86B |
| Long-Term Leases | 72.82M | 55.02M | 79.00M | 85.00M | 100.17M | 96.17M |
| Other Long-Term Liabilities | 313.24M | 300.68M | 358.76M | 471.26M | 532.97M | 629.77M |
| Total Liabilities | 3.52B | 3.53B | 3.42B | 3.34B | 3.82B | 4.76B |
| Common Stock | 1.00K | 1.00K | 1.00K | 1.00K | 1.00K | 1.00K |
| Additional Paid-In Capital | 3.11B | 3.11B | 3.09B | 3.07B | 3.03B | 3.00B |
| Retained Earnings | 5.27B | 5.18B | 4.39B | 3.51B | 2.74B | 1.69B |
| Treasury Stock | -2.15B | -2.00B | -1.62B | -1.27B | -1.14B | -760.86M |
| Comprehensive Income & Other | 2.25M | 2.60M | 2.51M | 896.00K | 359.00K | 689.00K |
| Total Common Equity | 6.24B | 6.29B | 5.87B | 5.31B | 4.63B | 3.93B |
| Minority Interest | 8.37M | 15.97M | 11.64M | 17.34M | 16.53M | 45.13M |
| Shareholders' Equity | 6.25B | 6.31B | 5.88B | 5.33B | 4.65B | 3.97B |
| Total Liabilities & Equity | 9.77B | 9.84B | 9.30B | 8.67B | 8.47B | 8.73B |
| Total Debt | 2.41B | 2.36B | 2.20B | 2.10B | 2.58B | 3.40B |
| Net Cash (Debt) | -1.76B | -1.51B | -1.71B | -1.30B | -1.86B | -2.56B |
| Net Cash Per Share | -17.73 | -15.02 | -16.03 | -11.83 | -16.00 | -20.02 |
| Filing Date Shares Outstanding | 93.43M | 96.33M | 101.74M | 106.43M | 108.30M | 121.29M |
| Total Common Shares Outstanding | 94.49M | 96.54M | 102.24M | 106.92M | 108.00M | 121.83M |
| Working Capital | 7.33B | 6.89B | 6.69B | 6.20B | 5.99B | 6.21B |
| Book Value Per Share | 66.04 | 65.19 | 57.38 | 49.71 | 42.88 | 32.22 |
| Tangible Book Value | 5.58B | 5.63B | 5.20B | 4.65B | 3.97B | 3.26B |
| Tangible Book Value Per Share | 59.02 | 58.32 | 50.89 | 43.51 | 36.73 | 26.78 |
| Order Backlog | 1.86B | 3.19B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 667.66M | 782.50M | 883.31M | 768.93M | 1.05B | 663.03M |
| Depreciation & Amortization | 41.90M | 40.18M | 41.19M | 33.41M | 33.84M | 39.98M |
| Other Amortization | 2.87M | 2.73M | 2.89M | 3.31M | 2.26M | 539.00K |
| Loss (Gain) From Sale of Assets | 4.66M | |||||
| Asset Writedown & Restructuring Costs | 28.82M | 28.82M | 29.64M | 11.79M | 24.87M | 20.44M |
| Loss (Gain) on Equity Investments | 8.50M | 7.92M | 6.58M | 473.00K | 19.45M | -390.00K |
| Stock-Based Compensation | 27.82M | 29.05M | 22.46M | 26.09M | 26.90M | 19.94M |
| Other Operating Activities | 103.76M | 108.86M | 72.12M | 10.92M | 128.11M | 124.06M |
| Change in Inventory | -20.82M | 26.58M | -797.33M | -78.58M | -50.79M | -343.13M |
| Change in Accounts Payable | 159.24M | 81.99M | 215.99M | 84.81M | -61.85M | 197.12M |
| Change in Income Taxes | -58.72M | 5.90M | 2.24M | -12.84M | ||
| Change in Other Net Operating Assets | -231.34M | -297.19M | -269.02M | -54.99M | -67.82M | -336.77M |
| Operating Cash Flow | 729.68M | 817.35M | 210.08M | 806.17M | 1.11B | 376.65M |
| Capital Expenditures | -41.82M | -40.37M | -36.33M | -33.43M | -30.58M | -21.20M |
| Investment in Securities | -85.98M | -114.40M | -100.11M | -63.77M | 15.70M | -53.06M |
| Investing Cash Flow | -127.80M | -154.77M | -136.44M | -97.19M | -14.88M | -74.26M |
| Short-Term Debt Issued | 3.71B | 3.75B | 3.01B | 3.04B | 3.46B | |
| Long-Term Debt Issued | 723.64M | 7.10M | 38.20M | 130.49M | ||
| Total Debt Issued | 4.11B | 4.43B | 3.75B | 3.01B | 3.08B | 3.59B |
| Short-Term Debt Repaid | -3.80B | -3.73B | -3.16B | -3.18B | -3.14B | |
| Long-Term Debt Repaid | -529.71M | -53.50M | -372.06M | -695.30M | -126.13M | |
| Total Debt Repaid | -4.01B | -4.33B | -3.78B | -3.53B | -3.88B | -3.27B |
| Net Debt Issued (Repaid) | 99.43M | 102.08M | -32.50M | -517.57M | -796.44M | 322.49M |
| Issuance of Common Stock | 17.01M | 1.38M | 17.91M | |||
| Repurchase of Common Stock | -395.50M | -381.02M | -347.60M | -127.96M | -376.27M | -281.42M |
| Other Financing Activities | -30.48M | -19.57M | -13.47M | -31.26M | -59.13M | |
| Financing Cash Flow | -326.55M | -298.51M | -393.57M | -628.51M | -1.20B | -155.00K |
| Net Cash Flow | 275.33M | 364.06M | -319.93M | 80.46M | -109.70M | 302.23M |
| Free Cash Flow | 687.86M | 776.97M | 173.75M | 772.74M | 1.08B | 355.45M |
| Free Cash Flow Margin | 9.04% | 9.57% | 2.13% | 10.42% | 13.10% | 4.74% |
| Free Cash Flow Per Share | 6.92 | 7.71 | 1.63 | 7.02 | 9.27 | 2.78 |
| Levered Free Cash Flow | 503.80M | 737.67M | -29.50M | 736.26M | 1.19B | 76.77M |
| Unlevered Free Cash Flow | 531.97M | 764.31M | -24.07M | 732.94M | 1.19B | 78.60M |
| Cash Income Tax Paid | 303.26M | 303.96M | 264.43M | 204.27M | 270.03M | 146.17M |
| Change in Working Capital | -151.64M | -182.72M | -848.11M | -48.76M | -180.47M | -495.62M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.67B | 5.75B | 6.33B | 5.73B | 3.29B | 4.30B |
| Enterprise Value | 8.43B | 7.66B | 8.32B | 7.21B | 5.81B | 7.28B |
| Last Close Price | 72.45 | 58.87 | 61.21 | 53.35 | 30.35 | 34.96 |
| PE Ratio | 10.78 | 7.35 | 7.17 | 7.46 | 3.12 | 6.48 |
| Forward PE | 13.57 | 9.20 | 6.73 | 8.52 | 4.28 | 5.10 |
| PS Ratio | 0.88 | 0.71 | 0.78 | 0.77 | 0.40 | 0.57 |
| PB Ratio | 1.10 | 0.91 | 1.08 | 1.07 | 0.71 | 1.08 |
| P/TBV Ratio | 1.20 | 1.02 | 1.22 | 1.23 | 0.83 | 1.32 |
| P/FCF Ratio | 9.69 | 7.40 | 36.45 | 7.42 | 3.05 | 12.09 |
| P/OCF Ratio | 9.13 | 7.04 | 30.15 | 7.11 | 2.97 | 11.41 |
| PEG Ratio | 0.06 | 0.06 | 0.06 | 0.06 | 0.15 | |
| EV/Sales Ratio | 1.11 | 0.94 | 1.02 | 0.97 | 0.71 | 0.97 |
| EV/EBITDA Ratio | 8.16 | 6.36 | 6.48 | 6.39 | 3.85 | 7.97 |
| EV/EBIT Ratio | 8.51 | 6.58 | 6.69 | 6.58 | 3.94 | 8.33 |
| EV/FCF Ratio | 12.25 | 9.86 | 47.88 | 9.34 | 5.39 | 20.49 |
| Debt / Equity Ratio | 0.39 | 0.37 | 0.37 | 0.39 | 0.56 | 0.86 |
| Debt / EBITDA Ratio | 2.25 | 1.94 | 1.69 | 1.82 | 1.69 | 3.65 |
| Debt / FCF Ratio | 3.51 | 3.04 | 12.66 | 2.72 | 2.40 | 9.56 |
| Net Debt / Equity Ratio | 0.28 | 0.24 | 0.29 | 0.24 | 0.40 | 0.65 |
| Net Debt / EBITDA Ratio | 1.67 | 1.26 | 1.33 | 1.15 | 1.23 | 2.81 |
| Net Debt / FCF Ratio | 2.56 | 1.95 | 9.86 | 1.69 | 1.73 | 7.21 |
| Asset Turnover | 0.80 | 0.85 | 0.91 | 0.86 | 0.96 | 0.91 |
| Inventory Turnover | 0.92 | 0.99 | 1.03 | 1.01 | 1.11 | 1.08 |
| Quick Ratio | 1.04 | 0.91 | 0.68 | 1.07 | 0.90 | 0.84 |
| Current Ratio | 9.26 | 6.76 | 7.47 | 7.74 | 6.92 | 6.29 |
| Return on Equity (ROE) | 11.11% | 12.98% | 15.82% | 15.43% | 24.51% | 18.04% |
| Return on Assets (ROA) | 6.62% | 7.60% | 8.65% | 7.99% | 10.71% | 6.64% |
| Return on Invested Capital (ROIC) | 9.71% | 11.47% | 13.40% | 12.62% | 17.14% | 10.97% |
| Return on Capital Employed (ROCE) | 11.40% | 13.50% | 15.00% | 14.10% | 19.80% | 11.60% |
| Earnings Yield | 10.02% | 13.60% | 13.95% | 13.41% | 32.02% | 15.43% |
| FCF Yield | 10.32% | 13.51% | 2.74% | 13.48% | 32.76% | 8.27% |
| Buyback Yield / Dilution | 5.81% | 5.75% | 3.00% | 5.23% | 9.22% | 0.89% |