Beazer Homes USA (BZH)
NYSE:BZH
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Beazer Homes
(NYSE:BZH)
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Rating:46Neutral
Price Target:
$21.00
▼(-3.18% Downside)
Action:ReiteratedDate: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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
Beazer Homes (BZH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$640.00M
Dividend YieldN/A
Average Volume (3M)387.71K
Price to Earnings (P/E)―
Beta (1Y)1.33
Revenue Growth1.77%
EPS Growth-66.27%
CountryUS
Employees1,158
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)-1.13
Shares Outstanding29,506,805
10 Day Avg. Volume409,335
30 Day Avg. Volume387,715
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)0.58
Price to Sales (P/S)0.31
P/FCF Ratio209.93
Enterprise Value/Market Cap2.64
Enterprise Value/Revenue0.75
Enterprise Value/Gross Profit5.40
Enterprise Value/Ebitda48.85
Forecast
1Y Price Target
$23.00Price Target Upside6.04% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)1.47
Revenue Forecast (FY)$2.53B
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 commissio...
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 ...
Beazer Homes Key Performance Indicators (KPIs)
Beazer Homes Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: near-term operating results were weak (negative adjusted EBITDA, net loss, Q1 sales shortfall and a one-time litigation charge), but management highlighted tangible actions already taken (>$10k per-home cost reductions, cycle-time compression), strategic differentiation (solar-included homes), strong liquidity, and an active plan to execute land sales and accelerated share repurchases. Management provided specific margin and ASP targets and a plausible path to full-year EBITDA growth contingent on market stability. Given the material but addressable operational and market challenges balanced against clear remediation actions and balance-sheet flexibility, the tone is constructive but cautious.Positive Updates
Cost Reduction Achieved
Reduced labor and material construction costs by more than $10,000 per home (nearly 200 basis points), with management expecting this to be reflected in Q3/Q4 results and to contribute to ~300 basis points of margin expansion by year-end.
Negative Updates
Negative Adjusted EBITDA and Net Loss in Q1
Q1 adjusted EBITDA was negative $11.2 million and diluted loss per share was $1.13, reflecting a weak seasonal quarter and a one-time litigation-related pretax charge of $6.4 million ($0.23 per share).
Read all updates
Q1-2026 Updates
Positive
Negative
Cost Reduction Achieved
Reduced labor and material construction costs by more than $10,000 per home (nearly 200 basis points), with management expecting this to be reflected in Q3/Q4 results and to contribute to ~300 basis points of margin expansion by year-end.
Read all positive updates
Company Guidance
Beazer guided that for Q2 it expects to sell ~1,100 homes, finish with ~165 active communities, close ~800 homes at an ASP of $520–525k, and see adjusted homebuilding gross margin roughly flat sequentially excluding a ~180‑bp litigation charge; SG&A dollars are expected to be flat year‑over‑year, land sale revenue is forecast at ~$30M, total adjusted EBITDA of about $5M (including land gains), interest amortized at ~3% of homebuilding revenue, taxes of ~ $1M and a net loss of roughly $0.75 per diluted share. Management reiterated a path to ~300 bps of adjusted homebuilding gross margin expansion by Q4 (including >$10k per‑home direct cost reductions realized to date, ~200 bps), a 2H ASP target of ~$565k driven by newer communities (just over 10% of Q1 revenue, projected to be ~50% of Q4 revenue), and a needed sales pace above 2.5% in Q3/Q4; it plans $150M of land sales, will execute the remaining $72M buyback authorization (trailing 12‑month buybacks were $48M, ~7% of shares) to drive book value per share up 5–10% by year‑end, and expects net leverage to be at or just under ~40% this year while targeting low‑30s by FY27 and >200 communities by the end of FY27. Q1 metrics referenced for context: 763 homes sold (1.5 sales/community/month), 167 average active communities (+4% YoY), homebuilding revenue $359.7M with 700 closings at ASP $514k, reported homebuilding gross margin 14% (15.8% ex‑charge), Q1 adjusted EBITDA -$11.2M, diluted loss $1.13, book value per share >$41, liquidity >$340M (cash $121M, revolver $222M), and ~23,500 active lots (61% under option).Beazer Homes Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
37
Negative
| 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
Negative
21.69
Price Trends
22.84
Negative
22.43
Negative
23.19
Negative
Market Momentum
-0.43
Negative
55.18
Neutral
88.03
Negative
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 21.69 is above the 20-day moving average (MA) of 20.06, below the 50-day MA of 22.84, and below the 200-day MA of 23.19, indicating a neutral trend. The MACD of -0.43 indicates Negative momentum. The RSI at 55.18 is Neutral, neither overbought nor oversold. The STOCH value of 88.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BZH.
Beazer Homes Risk Analysis
Beazer Homes disclosed 26 risk factors in its most recent earnings report. Beazer Homes reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Beazer Homes Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $3.20B | 8.49 | 12.99% | ― | 4.77% | -9.30% | |
71 Outperform | $3.99B | 11.14 | 7.29% | ― | -16.60% | -29.85% | |
63 Neutral | $1.73B | 12.06 | 8.37% | 1.99% | -6.28% | -31.55% | |
62 Neutral | $625.37M | 8.76 | 6.81% | ― | -0.84% | -76.30% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | $919.54M | 13.73 | 3.51% | ― | -20.62% | -45.74% | |
46 Neutral | $640.00M | -4.50 | 0.81% | ― | 1.77% | -66.27% |
* Consumer Cyclical Sector Average
BZH
Beazer Homes
21.69
3.24
17.56%
HOV
Hovnanian Enterprises
104.60
10.38
11.02%
MHO
M/I Homes
124.12
16.95
15.82%
TPH
Tri Pointe
46.82
17.31
58.66%
LGIH
LGI Homes
39.75
-17.48
-30.54%
CCS
Century Communities
59.64
1.32
2.26%
Beazer Homes Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Beazer Homes Expands Revolving Credit Facility for Growth
Positive
Mar 17, 2026
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 fr...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Beazer Homes Extends Charter Protections for Tax Assets
Positive
Feb 5, 2026
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 def...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.