Tri Pointe Homes (TPH)
NYSE:TPH
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Tri Pointe
(NYSE:TPH)
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Rating:70Outperform
Price Target:
$51.00
▲(8.83% Upside)
Action:ReiteratedDate:04/18/26
The score is driven primarily by mixed financial performance—stable balance sheet but weaker 2025 profitability and sharply lower operating cash flow. Technicals are supportive with an uptrend, though RSI indicates stretched momentum. Valuation is relatively attractive on a ~11x P/E, and corporate events are a notable positive due to continued progress on the all-cash acquisition.
Positive Factors
Balance-sheet strength
Tri Pointe's moderate and improving leverage, plus sizable equity (~$3.32B), provides durable financial flexibility typical homebuilding cycles require. A stronger balance sheet supports land acquisition, development funding and weathering slower delivery periods without forcing distressed asset sales or heavy dilution.
Negative Factors
Cash-generation volatility
A sharp decline in operating and free cash flow highlights working-capital sensitivity in homebuilding. Weaker cash conversion reduces internal funding for land and community development, raises reliance on external financing or equity support, and constrains the firm's ability to self-fund growth or absorb cyclical shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Tri Pointe's moderate and improving leverage, plus sizable equity (~$3.32B), provides durable financial flexibility typical homebuilding cycles require. A stronger balance sheet supports land acquisition, development funding and weathering slower delivery periods without forcing distressed asset sales or heavy dilution.
Read all positive factors
Tri Pointe (TPH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.99B
Dividend YieldN/A
Average Volume (3M)2.74M
Price to Earnings (P/E)11.1
Beta (1Y)0.50
Revenue Growth-22.75%
EPS Growth-43.96%
CountryUS
Employees1,750
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)N/A
Shares Outstanding85,135,570
10 Day Avg. Volume2,422,569
30 Day Avg. Volume2,744,456
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)0.81
Price to Sales (P/S)0.77
P/FCF Ratio20.88
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue1.24
Enterprise Value/Gross Profit5.72
Enterprise Value/Ebitda11.80
Forecast
1Y Price Target
$47.00Price Target Upside0.30% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)2.2
Revenue Forecast (FY)$3.02B
Tri Pointe Business Overview & Revenue Model
Company Description
Tri Pointe Homes, Inc. engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six brands comprising Maracay in Arizona; Pardee Homes in Californi...
How the Company Makes Money
TPH primarily makes money by selling newly constructed homes to individual homebuyers. The company’s core revenue stream is homebuilding revenue recognized when a home closes (i.e., when ownership transfers to the buyer). Pricing and sales volume ...
Tri Pointe Earnings Call Summary
Earnings Call Date:Oct 23, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Neutral
Tri Pointe Homes demonstrated strong financial results and strategic growth plans, but faced challenges with soft market conditions and increased incentives to drive sales. The company's focus on community growth and financial strength suggests a balanced approach to navigating current market challenges.Positive Updates
Exceeded Home Delivery Guidance
Tri Pointe Homes closed 1,217 homes, surpassing the high end of their delivery guidance, with an average sales price of $672,000, generating $817 million in home sales revenue.
Negative Updates
Soft Market Conditions
Market conditions remained soft throughout the third quarter with muted home buyer interest due to slow job growth and broader economic uncertainty.
Read all updates
Q3-2025 Updates
Positive
Negative
Exceeded Home Delivery Guidance
Tri Pointe Homes closed 1,217 homes, surpassing the high end of their delivery guidance, with an average sales price of $672,000, generating $817 million in home sales revenue.
Read all positive updates
Company Guidance
In the third quarter of 2025, Tri Pointe Homes exceeded the high end of their delivery guidance by closing 1,217 homes, each at an average sales price of $672,000, which generated a home sales revenue of $817 million. Their adjusted homebuilding gross margin, after excluding $8 million in inventory-related charges, was 21.6%. The company reported an adjusted net income of $62 million, translating to $0.71 per diluted share. Tri Pointe engaged in share repurchase activities, spending $51 million to buy back 1.5 million shares, thereby reducing the share count by 7% year-to-date and by 47% since 2016. They concluded the quarter with total liquidity of $1.6 billion, including $792 million in cash, alongside a debt-to-capital ratio of 25.1% and a net debt to net capital ratio of 8.7%. Looking forward, the company anticipates delivering between 1,200 and 1,400 homes in the fourth quarter at an average sales price of $690,000 to $700,000, with expectations of a homebuilding gross margin between 19.5% and 20.5%. For the full year 2025, Tri Pointe projects delivering 4,800 to 5,000 homes with an average sales price of approximately $680,000, maintaining a focus on inventory management and strategic market expansion.Tri Pointe Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
76
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.47B | 4.49B | 3.72B | 4.35B | 3.98B |
| Gross Profit | 762.07M | 1.05B | 844.55M | 1.17B | 1.01B |
| EBITDA | 364.05M | 647.89M | 494.21M | 801.22M | 658.08M |
| Net Income | 240.90M | 458.03M | 343.70M | 576.06M | 469.27M |
Balance Sheet | |||||
| Total Assets | 5.03B | 4.94B | 4.91B | 4.72B | 4.34B |
| Cash, Cash Equivalents and Short-Term Investments | 982.81M | 970.04M | 868.95M | 889.66M | 681.53M |
| Total Debt | 1.28B | 1.10B | 1.46B | 1.46B | 1.67B |
| Total Liabilities | 1.71B | 1.61B | 1.90B | 1.88B | 1.89B |
| Stockholders Equity | 3.32B | 3.34B | 3.01B | 2.83B | 2.45B |
Cash Flow | |||||
| Free Cash Flow | 128.54M | 672.76M | 169.88M | 400.65M | 386.47M |
| Operating Cash Flow | 161.46M | 696.06M | 195.26M | 444.28M | 415.96M |
| Investing Cash Flow | -45.82M | -63.45M | -26.42M | -58.12M | -72.13M |
| Financing Cash Flow | -102.87M | -531.52M | -189.55M | -178.02M | -283.60M |
Tri Pointe Technical Analysis
Positive
46.86
Price Trends
45.27
Positive
39.34
Positive
36.34
Positive
Market Momentum
0.48
Positive
75.26
Negative
61.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TPH, the sentiment is Positive. The current price of 46.86 is above the 20-day moving average (MA) of 46.73, above the 50-day MA of 45.27, and above the 200-day MA of 36.34, indicating a bullish trend. The MACD of 0.48 indicates Positive momentum. The RSI at 75.26 is Negative, neither overbought nor oversold. The STOCH value of 61.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TPH.
Tri Pointe Risk Analysis
Tri Pointe disclosed 62 risk factors in its most recent earnings report. Tri Pointe 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
Tri Pointe Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.06B | 8.76 | 17.70% | ― | -0.02% | -16.42% | |
70 Outperform | $3.99B | 11.14 | 7.29% | ― | -22.75% | -43.96% | |
68 Neutral | $3.43B | 11.74 | 10.14% | ― | -1.83% | -30.18% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $3.47B | 29.80 | 9.01% | 1.76% | -13.61% | -37.18% | |
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% |
* Consumer Cyclical Sector Average
TPH
Tri Pointe
46.91
16.81
55.85%
KBH
KB Home
54.45
2.10
4.02%
MHO
M/I Homes
135.26
30.03
28.54%
CCS
Century Communities
59.09
6.19
11.69%
GRBK
Green Brick Partners
70.28
12.06
20.71%
DFH
Dream Finders Homes
14.78
-7.92
-34.89%
Tri Pointe Corporate Events
M&A TransactionsRegulatory Filings and Compliance
Tri Pointe Clears Key Antitrust Hurdle in Sumitomo Merger
Positive
Apr 17, 2026
Tri Pointe Homes, Inc. reported that the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its proposed merger with Japan’s Sumitomo Forestry Co., Ltd. expired at 11:59 p.m. Eastern Time on April 16, 2026. T...
Business Operations and StrategyM&A TransactionsPrivate Placements and FinancingRegulatory Filings and Compliance
Tri Pointe Amends Credit Agreement Ahead of Sumitomo Merger
Positive
Apr 17, 2026
On April 16, 2026, Tri Pointe Homes, Inc. executed a seventh modification to its existing credit agreement with U.S. Bank National Association and other lenders, updating lender consents in light of its planned merger with Sumitomo Forestry Co., L...
Executive/Board ChangesM&A TransactionsShareholder Meetings
Tri Pointe Shareholders Approve Sumitomo Merger, Question Pay
Neutral
Apr 16, 2026
At its April 15, 2026 annual meeting, Tri Pointe Homes stockholders elected six directors, approved on an advisory basis the compensation of named executive officers and ratified Ernst Young LLP as the independent public accounting firm for fisca...
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsPrivate Placements and Financing
Tri Pointe to Be Acquired by Sumitomo Forestry
Positive
Feb 13, 2026
On February 13, 2026, Tri Pointe Homes agreed to be acquired by Japan’s Sumitomo Forestry in an all-cash merger valuing the U.S. homebuilder at about $4.5 billion, or $47 per share, a roughly 29% premium to its prior close and 42% above its ...
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.