Century Communities (CCS)
NYSE:CCS
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Century Communities
(NYSE:CCS)
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Rating:60Neutral
Price Target:
$62.00
▼(-0.48% Downside)
Action:ReiteratedDate:04/24/26
Overall score reflects stable but weakening financial performance (lower revenue, compressed margins/ROE, declining FCF) as the biggest drag, alongside a technically soft intermediate trend (below key moving averages). Offsetting factors include moderate valuation with a ~2% dividend yield and an earnings call that highlighted operational execution and capital returns, tempered by reduced delivery guidance and continued elevated incentives.
Positive Factors
Large owned/controlled land position
A ~60k lot base with 24k low-cost options provides structural supply optionality and scale economics. This inventory runway lets the company ramp deliveries when demand recovers with limited near-term capital at risk, supporting durable long-term revenue capacity.
Negative Factors
Weakening revenue and compressed margins
Declining revenue and materially compressed margins reduce earnings power and return on capital. Persistently lower margins and ROE signal challenges converting sales into durable profits, limiting reinvestment capacity and reducing resilience to prolonged demand weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
Large owned/controlled land position
A ~60k lot base with 24k low-cost options provides structural supply optionality and scale economics. This inventory runway lets the company ramp deliveries when demand recovers with limited near-term capital at risk, supporting durable long-term revenue capacity.
Read all positive factors
Century Communities (CCS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.70B
Dividend Yield1.99%
Average Volume (3M)239.37K
Price to Earnings (P/E)17.2
Beta (1Y)0.73
Revenue Growth-7.87%
EPS Growth-54.59%
CountryUS
Employees1,873
SectorReal Estate
Sector Strength53
IndustryResidential Construction
Share Statistics
EPS (TTM)0.88
Shares Outstanding28,769,306
10 Day Avg. Volume240,832
30 Day Avg. Volume239,370
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)0.69
Price to Sales (P/S)0.43
P/FCF Ratio14.32
Enterprise Value/Market Cap1.86
Enterprise Value/Revenue0.79
Enterprise Value/Gross Profit4.54
Enterprise Value/Ebitda15.70
Forecast
1Y Price Target
$54.50Price Target Upside-12.52% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)3.87
Revenue Forecast (FY)$3.74B
Century Communities Business Overview & Revenue Model
Company Description
Century Communities, Inc., together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying...
How the Company Makes Money
Century Communities primarily makes money by selling newly constructed homes. Revenue is recognized at the time of closing, when the home is delivered to the buyer and title transfers. Key revenue streams include: (1) Home sales revenue: the large...
Century Communities Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call presents a cautiously constructive picture: operational execution, margin improvement, disciplined inventory and land management, and strong balance sheet/capital returns are clear positives. However, demand headwinds driven by geopolitical events, higher rates and fuel prices pressured orders in March, led to a modest downward revision to full-year deliveries (−5%), and incentives remain elevated. On balance, operational strengths and financial flexibility outweigh the near-term demand challenges, but the tone remains cautious.Positive Updates
Improved Gross Margins
Adjusted homebuilding gross margin improved to 19.7% in Q1 2026 (up 140 basis points sequentially from 18.3% in Q4 2025). GAAP homebuilding gross margin was 17.8% (up 240 basis points sequentially from 15.4% in Q4 2025). A 90 basis point benefit came from warranty accrual reduction and rebate collections excesses.
Negative Updates
March Order Weakness and Macro Headwinds
Order activity meaningfully weakened in March due to geopolitical conflict (Middle East), higher interest rates and higher gas prices; March absorption declined year-over-year and negatively impacted quarterly order and delivery results.
Read all updates
Q1-2026 Updates
Positive
Negative
Improved Gross Margins
Adjusted homebuilding gross margin improved to 19.7% in Q1 2026 (up 140 basis points sequentially from 18.3% in Q4 2025). GAAP homebuilding gross margin was 17.8% (up 240 basis points sequentially from 15.4% in Q4 2025). A 90 basis point benefit came from warranty accrual reduction and rebate collections excesses.
Read all positive updates
Company Guidance
Guidance from the call reduced full-year 2026 home delivery guidance by 5% to a range of 9,500–10,500 homes and now targets home sales revenues of $3.5–$3.8 billion; management expects Q2 deliveries of 2,200–2,400 homes, incentives on closed homes to be similar to Q1 levels (Q1 incentives averaged ~1,250 basis points, down ~50 bps from Q4), and the primary driver of adjusted homebuilding gross margin to remain incentives (Q1 adjusted gross margin was 19.7%); SG&A is expected to be roughly 14% of home sales revenue for the full year at the midpoint and ~14.5% in Q2, the full-year tax rate is expected to be 26–27%, and land acquisition and development spend is guided to $1.0–$1.2 billion (adjustable by market conditions); Q1 liquidity was $886 million with stockholders’ equity of $2.6 billion, net homebuilding debt to net capital was 30.5% (homebuilding debt-to-capital 32.2%), the company repurchased 617,000 shares for $40 million at an average $64.82 (27% discount to Q1 book value $88.75), raised the quarterly dividend 10% to $0.32 per share, and highlighted operational flex — nearly 60,000 owned/controlled lots (plus 24,000 option lots secured by $97 million in deposits), capacity to grow deliveries ≥10% annually when demand rebounds, and inventory metrics of finished specs down 16% sequentially and 31% year‑over‑year with under 3 finished specs per community.Century Communities Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
69
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.99B | 4.12B | 4.40B | 3.69B | 4.51B | 4.22B |
| Gross Profit | 696.49M | 882.14M | 962.76M | 802.97M | 1.14B | 1.05B |
| EBITDA | 201.28M | 219.24M | 470.56M | 371.43M | 716.08M | 669.63M |
| Net Income | 132.62M | 147.60M | 333.82M | 259.22M | 525.13M | 498.50M |
Balance Sheet | ||||||
| Total Assets | 4.51B | 4.49B | 4.53B | 4.17B | 3.79B | 3.51B |
| Cash, Cash Equivalents and Short-Term Investments | 78.18M | 158.01M | 150.00M | 328.00M | 353.29M | 368.61M |
| Total Debt | 1.54B | 1.44B | 1.48B | 1.30B | 1.23B | 1.35B |
| Total Liabilities | 1.96B | 1.89B | 1.91B | 1.78B | 1.64B | 1.74B |
| Stockholders Equity | 2.55B | 2.59B | 2.62B | 2.39B | 2.15B | 1.76B |
Cash Flow | ||||||
| Free Cash Flow | 94.62M | 124.31M | 86.72M | -90.05M | 264.65M | -210.06M |
| Operating Cash Flow | 126.77M | 153.08M | 125.69M | 41.63M | 315.35M | -201.15M |
| Investing Cash Flow | 40.82M | 44.91M | -232.69M | -131.98M | -54.26M | -6.48M |
| Financing Cash Flow | -204.82M | -233.76M | 40.31M | 23.86M | -274.83M | 131.79M |
Century Communities Technical Analysis
Positive
62.30
Price Trends
62.70
Negative
62.81
Negative
62.09
Positive
Market Momentum
-0.18
Negative
59.21
Neutral
66.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCS, the sentiment is Positive. The current price of 62.3 is above the 20-day moving average (MA) of 58.10, below the 50-day MA of 62.70, and above the 200-day MA of 62.09, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 59.21 is Neutral, neither overbought nor oversold. The STOCH value of 66.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CCS.
Century Communities Risk Analysis
Century Communities disclosed 83 risk factors in its most recent earnings report. Century Communities reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Century Communities Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $3.99B | 11.14 | 7.29% | ― | -22.75% | -43.96% | |
68 Neutral | $3.43B | 11.74 | 10.14% | ― | -1.83% | -30.18% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $684.02M | 8.76 | 6.81% | ― | -4.82% | -80.13% | |
60 Neutral | $1.70B | 17.15 | 5.16% | 1.99% | -7.87% | -54.59% | |
55 Neutral | $1.36B | 7.33 | 14.44% | ― | -2.88% | -35.38% | |
50 Neutral | $1.05B | 105.92 | 3.51% | ― | -22.57% | -62.41% |
* Real Estate Sector Average
CCS
Century Communities
59.09
5.57
10.40%
HOV
Hovnanian Enterprises
117.23
20.43
21.11%
MHO
M/I Homes
135.26
28.58
26.79%
TPH
Tri Pointe
46.91
16.16
52.55%
LGIH
LGI Homes
48.96
-5.65
-10.35%
DFH
Dream Finders Homes
14.78
-7.88
-34.77%
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.