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Taylor Morrison (TMHC)
NYSE:TMHC
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.89Last Year’s EPS
2.07Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a largely constructive operating and capital return story: Taylor Morrison delivered nearly 13,000 homes in 2025, maintained strong adjusted profitability (23% adjusted gross margin), improved cycle times and liquidity, and returned substantial capital to shareholders via buybacks while expanding strategic platforms (Esplanade and Yardley). Near-term headwinds include a lower-than-normal backlog, an elevated spec mix that pressured margins (Q1 guide ~20%), an unsold inventory of ~3,000 homes, and modestly higher interest and lot cost pressures. Management outlined concrete actions (rightsizing spec inventory, shifting land investment toward core/move-up and resort lifestyle markets, and scaling to-be-built sales) that support a recovery in margins later in 2026 and re-acceleration in 2027. Overall, positives around profitability, balance sheet strength, operational improvements, and disciplined capital allocation outweigh the near-term margin and demand challenges.Company Guidance
Strong Full-Year Deliveries and Revenue
Delivered 12,997 homes in 2025 (nearly 13,000) at an average price of $597, generating approximately $7.8 billion of home closings revenue for the year.
Resilient Adjusted Profitability
Full-year adjusted net income of $830 million ($8.24 per diluted share) and adjusted home closings gross margin of 23%; reported net income $783 million ($7.77 per diluted share).
Industry-Leading Margin / SG&A Discipline
Fourth-quarter home closings gross margin of 21.8% (slightly above guidance ~21.5%); full-year SG&A improved 40 basis points to 9.5% of home closings revenue, demonstrating overhead discipline.
Capital Returns and Share Repurchases
Repurchased $381 million of stock in 2025 (6.5 million shares, ~6% of beginning diluted share count); Q4 repurchases of $71 million; Board increased repurchase authorization to $1 billion and expects ~$400 million of repurchases in 2026.
Improved Balance Sheet and Liquidity
Ended Q4 with approximately $1.8 billion of liquidity, including $850 million unrestricted cash and $928 million available on the revolver; net homebuilding debt-to-capitalization improved to 17.8% from 20% a year ago.
Operational Efficiency: Faster Cycle Times
Construction cycle times improved more than five weeks versus prior year and over nine weeks versus two years ago, enabling greater production flexibility and later starts for year-end closings.
Inventory Management Progress
Total spec count down 11% sequentially; management reported a 24% reduction in spec home inventory since earlier in 2025, and cancellations improved to 12.5% of gross orders (down from 15.4% prior quarter).
Diversification & Growth Platforms
Plan to accelerate community openings in 2026 with well over 100 new outlets (including 20+ Esplanade outlets); Yardley build-to-rent platform represents ~10,400 sites across nine markets supported by a $3 billion land bank partnership.
Financial Services Strength
Financial services revenue of ~$49 million in the quarter with an 88% capture rate; mortgage customers show strong credit profile (average score 750, avg down payment 21%, avg household income >$183k).
TMHC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TMHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $66.41 | $65.70 | -1.07% |
Oct 22, 2025 | $62.60 | $60.57 | -3.24% |
Jul 23, 2025 | $66.82 | $64.31 | -3.76% |
Apr 23, 2025 | $58.79 | $57.60 | -2.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Taylor Morrison (TMHC) report earnings?
Taylor Morrison (TMHC) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Taylor Morrison (TMHC) earnings time?
Taylor Morrison (TMHC) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TMHC EPS forecast?
TMHC EPS forecast for the fiscal quarter 2026 (Q1) is 0.89.