Record Home Sales Revenue
Achieved a record $10.8 billion in home sales revenues, delivering 11,292 homes at an average price of $960,000, despite a difficult sales environment.
Strong Financial Metrics
Posted an adjusted gross margin of 27.3%, SG&A margin of 9.5%, and earnings of $13.49 per diluted share. Generated strong operating cash flows of $1.1 billion and a return on beginning equity of 17.6%.
Growth in Community Count
Increased community count by 9%, with plans to grow by another 8% to 10% in fiscal 2026.
Effective Spec Strategy
Specs accounted for approximately 54% of deliveries in fiscal 2025, allowing the company to appeal to buyers looking for quicker move-ins.