Beazer Homes (BZH) AI Stock Analysis

• Market Cap: $591.32M
• Dividend Yield: N/A
• Average Volume (3M): 443.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: 1.77%
• EPS Growth: -66.27%
• Country: US
• Employees: 1,158
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Residential Construction
• EPS (TTM): -1.13
• Shares Outstanding: 29,506,805
• 10 Day Avg. Volume: 350,932
• 30 Day Avg. Volume: 443,907
• PEG Ratio: -0.24
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 0.31
• P/FCF Ratio: 209.93
• Enterprise Value/Market Cap: 2.78
• Enterprise Value/Revenue: 0.73
• Enterprise Value/Gross Profit: 5.24
• Enterprise Value/Ebitda: 47.44
• 1Y Price Target: $23.00
• Price Target Upside: 14.77% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.47
• Revenue Forecast (FY): $2.53B

• Rating: 46 Neutral
• Price Target: $21.00 ▲(4.79% Upside)
• Action: Reiterated Date: 03/18/26
• Date: Action: Reiterated 03/18/26

The score is held down primarily by weakening financial performance (material margin/earnings deterioration and volatile cash generation) and bearish technicals (below key moving averages with negative MACD). Offsetting factors include a steadier balance sheet and a cautiously constructive earnings outlook with defined cost/margin initiatives and strong liquidity, but guidance still implies near-term losses and execution depends on improved sales pace and market stability.

Positive Factors

Liquidity & Balance Sheet Flexibility

Sizable liquidity and a revolver buffer and no near-term maturities materially reduce refinancing risk and support multi-quarter execution. This durable flexibility funds land buys, weather short sales cycles, and enables capital returns without forcing asset sales, improving resilience over 2–6 months.

Per-home Cost Reductions

Sustained >$10k per-home cost cuts translate directly into structural margin improvement and lower breakeven price per home. If maintained, these efficiencies support the company’s plan to expand homebuilding gross margins by ~300 bps by year-end and strengthen profitability across normal and weaker demand cycles.

Large Controlled Lot Position

A deep, option-light lot pipeline provides durable supply for multi-year community growth while options reduce capital intensity. This inventory enables scalable starts as demand recovers, improves geographic diversification, and supports ASP/mix strategies that can lift margins over the medium term.

Negative Factors

Margin Compression

Sustained margin compression materially weakens earnings power and return on equity; lower gross and net margins reduce the firm’s ability to absorb higher interest or input costs and make profitability highly sensitive to sales mix and incentives, limiting durable earnings upside.

Volatile Cash Generation

Large swings in operating cash and near-zero/negative free cash flow reduce predictability of internal funding for land, construction, and buybacks. This volatility forces reliance on revolver capacity and asset sales, elevating funding risk if market timing or land-sale assumptions slip.

Execution & Market Dependence

Key targets (margin expansion, ASP mix, and EBITDA) hinge on external demand recovery and timely land monetization. This structural reliance on market normalization makes near-term recovery plans conditional and increases execution risk if affordability or competitive incentive pressure persists.

Beazer Homes Business Overview & Revenue Model

Company Description

Beazer Homes USA, Inc. operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Maryland, Indiana, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina. Beazer Homes USA, Inc. was founded in 1985 and is headquartered in Atlanta, Georgia.

How the Company Makes Money

Beazer Homes makes money primarily by selling newly constructed homes to individual homebuyers. Its core revenue stream is homebuilding revenue recognized at the time of closing, which reflects the contracted sales price of the home and typically includes the home and underlying lot. Profitability is driven by the spread between the home sale price and the company’s costs to acquire/option land, develop lots (infrastructure, utilities, site work), construct the home (labor and materials), and cover selling, general, and administrative expenses. A smaller, ancillary source of revenue can come from selling land or lots (when the company monetizes land positions that are not built out or are otherwise disposed of), which can contribute to earnings depending on market conditions and the company’s land strategy. Cash flow and earnings are also influenced by factors such as local housing demand and pricing, mortgage interest rates and buyer affordability, construction input costs and labor availability, the pace of build cycles and deliveries, and the company’s use of land options versus owned land (which affects capital intensity and risk). Specific details on material partnerships or the size of ancillary revenue streams are null.

Beazer Homes Financial Statement Overview

Summary

Overall fundamentals are weak: the income statement shows sharp margin compression and much lower earnings power (TTM revenue down and net margin near ~2%), and cash flow has been volatile with slightly negative TTM free cash flow. The balance sheet is comparatively steadier with improved debt-to-equity and higher equity, but returns on equity have fallen to low single digits.

Income Statement

Profitability has weakened materially versus prior years. Annual revenue was roughly flat to modestly up through 2024–2025, but TTM (Trailing-Twelve-Months) revenue is down (-4.45%), and margins have compressed sharply: gross margin fell from ~23.2% (2022) and ~20.1% (2023) to ~14–18% (2024–2025), while net margin declined from ~9.5% (2022) / ~7.2% (2023) to ~1.9% (2025 and TTM). Earnings power also looks more volatile, with TTM EBIT and net income far below prior-year levels.

Balance Sheet

Leverage appears moderate for the sector, with debt-to-equity improving from ~1.47x (2021) to ~0.85–0.90x (2023–2025). Equity has grown over time (from ~$725M in 2021 to ~$1.20–$1.25B in 2025), supporting the capital base. The main weakness is reduced profitability on that equity: return on equity dropped from strong levels (~23.5% in 2022; ~14.4% in 2023) to low single digits (~3.7% in 2025 and TTM), indicating weaker returns despite a steadier balance sheet.

Cash Flow

Cash generation is inconsistent. Operating cash flow swung from strong positive in 2023 (~$178M) to meaningfully negative in 2024 (~-$138M), then back to modestly positive in 2025 (~$32M) and TTM (~$26M). Free cash flow also weakened, turning negative in TTM (~-$2.8M) after only a small positive in 2025 (~$3.5M). This volatility—especially the large 2024 outflow—reduces confidence in the durability of cash conversion, even though operating cash flow is currently positive again.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	2.27B	2.37B	2.33B	2.21B	2.32B	2.14B
Gross Profit	313.51M	337.51M	424.29M	442.69M	537.51M	404.25M
EBITDA	34.64M	60.02M	157.89M	189.45M	285.85M	160.84M
Net Income	9.86M	45.59M	140.18M	158.61M	220.70M	122.02M
Balance Sheet
Total Assets	2.64B	2.61B	2.59B	2.41B	2.25B	2.08B
Cash, Cash Equivalents and Short-Term Investments	120.76M	214.71M	203.91M	345.59M	214.59M	246.72M
Total Debt	1.17B	1.06B	1.05B	997.00M	994.65M	1.07B
Total Liabilities	1.44B	1.36B	1.36B	1.31B	1.31B	1.35B
Stockholders Equity	1.20B	1.25B	1.23B	1.10B	939.29M	724.88M
Cash Flow
Free Cash Flow	-2.79M	3.48M	-159.90M	157.72M	66.03M	17.01M
Operating Cash Flow	26.05M	31.98M	-137.54M	178.06M	81.07M	31.66M
Investing Cash Flow	-20.30M	-19.66M	-30.01M	-29.67M	-14.71M	-14.19M
Financing Cash Flow	-870.00K	-36.36M	23.88M	-13.93M	-88.68M	-85.85M

Beazer Homes Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BZH, the sentiment is Negative. The current price of 20.04 is below the 20-day moving average (MA) of 23.92, below the 50-day MA of 23.90, and below the 200-day MA of 23.35, indicating a bearish trend. The MACD of -1.04 indicates Positive momentum. The RSI at 29.96 is Positive, neither overbought nor oversold. The STOCH value of 9.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BZH.

Beazer Homes Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MHO	71 Outperform	$3.19B	8.49	12.99%	―	4.77%	-9.30%
TPH	69 Neutral	$3.97B	11.14	7.29%	―	-16.60%	-29.85%
HOV	63 Neutral	$640.08M	8.76	6.81%	―	-0.84%	-76.30%
CCS	63 Neutral	$1.64B	12.06	8.37%	1.99%	-6.28%	-31.55%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
LGIH	48 Neutral	$884.84M	13.73	3.51%	―	-20.62%	-45.74%
BZH	46 Neutral	$591.32M	-4.50	0.81%	―	1.77%	-66.27%

Beazer Homes Corporate Events

Beazer Homes Expands Revolving Credit Facility for Growth

On March 13, 2026, Beazer Homes USA, Inc. executed a third amendment to its senior unsecured revolving credit facility, increasing the aggregate commitment by $160 million to $525 million. The company also extended the facility’s maturity from March 15, 2028, to March 13, 2030, in a transaction arranged by a syndicate led by JPMorgan Chase, Royal Bank of Canada, Truist, and Regions.

Announced on March 17, 2026, the expanded revolver is intended to provide Beazer with greater liquidity and financial flexibility as it pursues its multi-year goals of growing community count, reducing leverage, and increasing book value per share. The move underscores strong support from its banking partners and is likely to bolster the homebuilder’s capacity to navigate market volatility while investing in its differentiated product strategy and operational growth plans.

The most recent analyst rating on (BZH) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Beazer Homes stock, see the BZH Stock Forecast page.

Beazer Homes Extends Charter Protections for Tax Assets

At its 2026 Annual Meeting of Stockholders held on February 5, 2026, Beazer Homes USA, Inc. secured shareholder approval to amend its certificate of incorporation to extend protective charter provisions aimed at preserving the value of its net deferred tax assets, including net operating loss carryforwards and energy-efficiency tax credits, by restricting certain transfers of stock by holders of 4.95% or more of its shares; the related charter amendment was filed in Delaware the same day and is scheduled to become effective on February 6, 2026. At the same meeting, shareholders elected nine directors to serve until the 2027 annual meeting, approved executive compensation for the fiscal year ending September 30, 2025, ratified Deloitte & Touche LLP as the independent auditor for fiscal 2026, and endorsed both a charter amendment and a rights agreement specifically designed to protect the company’s NOLs and energy-efficiency tax credits, reinforcing Beazer Homes’ efforts to safeguard tax assets that can support future profitability and capital management.

The most recent analyst rating on (BZH) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Beazer Homes stock, see the BZH Stock Forecast page.