Hovnanian Enterprises, Inc. (HOV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 667.64M | 631.95M | 817.9M | 800.58M | 686.47M | 673.62M | 979.64M | 722.7M | 708.38M | 593.39M | 887.03M | 649.96M | 703.66M | 515.37M | 886.79M | 767.59M | 702.54M | 565.31M | 814.35M | 690.68M |
| Revenue Growth % | -2.74% | -6.19% | -16.51% | 10.78% | -3.09% | 13.52% | 10.44% | 11.19% | 0.67% | 15.14% | 0.03% | -15.33% | 0.16% | -8.84% | 8.9% | 11.14% | -0.09% | -1.63% | 19.17% | 9.96% |
| Cost of Goods Sold | 569.14M | 19.01M | 717.73M | 693.88M | 579.17M | 567.12M | 783.39M | 585.11M | 565.3M | 480.88M | 674.04M | 513.91M | 572.34M | 415.59M | 706.93M | 582.99M | 536.72M | 452.16M | 649.66M | 553.65M |
| COGS % of Revenue | 85.25% | 3.01% | 87.75% | 86.67% | 84.37% | 84.19% | 79.97% | 80.96% | 79.8% | 81.04% | 75.99% | 79.07% | 81.34% | 80.64% | 79.72% | 75.95% | 76.4% | 79.98% | 79.78% | 80.16% |
| Gross Profit | 98.51M | 612.94M | 100.17M | 106.7M | 107.3M | 106.5M | 204.17M | 137.59M | 143.07M | 112.51M | 213M | 136.04M | 131.32M | 99.77M | 179.86M | 184.6M | 165.82M | 113.15M | 164.68M | 137.03M |
| Gross Margin % | 14.75% | 96.99% | 12.25% | 13.33% | 15.63% | 15.81% | 20.84% | 19.04% | 20.2% | 18.96% | 24.01% | 20.93% | 18.66% | 19.36% | 20.28% | 24.05% | 23.6% | 20.02% | 20.22% | 19.84% |
| Gross Profit Growth % | -8.19% | 475.53% | -50.93% | -22.45% | -25.01% | -5.34% | -4.15% | 1.14% | 8.95% | 12.76% | 18.42% | -26.3% | -20.8% | -11.82% | 9.22% | 34.72% | 24.25% | 7.12% | 26.52% | 46.13% |
| Operating Expenses | 84.57M | 50.28M | 91.53M | 90.8M | 80.56M | 86.94M | 87.68M | 89.47M | 79.01M | 86.07M | 80.75M | 75.08M | 75.53M | 99.77M | 81.59M | 75.61M | 68.83M | 72.55M | 70.53M | 60.78M |
| OpEx % of Revenue | 12.67% | 7.96% | 11.19% | 11.34% | 11.74% | 12.91% | 8.95% | 12.38% | 11.15% | 14.5% | 9.1% | 11.55% | 10.73% | 19.36% | 9.2% | 9.85% | 9.8% | 12.83% | 8.66% | 8.8% |
| Selling, General & Admin | 23.28M | 84M | 91.53M | 90.8M | 80.56M | 86.94M | 87.68M | 89.47M | 79.01M | 86.07M | 80.75M | 75.08M | 75.53M | 73.41M | 80.85M | 74.94M | 68.19M | 72.18M | 70.02M | 60.27M |
| SG&A % of Revenue | 3.49% | 13.29% | 11.19% | 11.34% | 11.74% | 12.91% | 8.95% | 12.38% | 11.15% | 14.5% | 9.1% | 11.55% | 10.73% | 14.24% | 9.12% | 9.76% | 9.71% | 12.77% | 8.6% | 8.73% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -504K | 0 | -574K | 1000K | 742K | 670K | 641K | 368K | 507K | 504K |
| Operating Income | 15.06M | 562.66M | 8.64M | 15.9M | 26.73M | 19.55M | 75.71M | 51.46M | 64.07M | 27.54M | -1.38B | 87.97M | 56.11M | 26.37M | 101.93M | 120.03M | 98.85M | 47.62M | 92.25M | 81.26M |
| Operating Margin % | 2.26% | 89.04% | 1.06% | 1.99% | 3.89% | 2.9% | 7.73% | 7.12% | 9.04% | 4.64% | -155.64% | 13.54% | 7.97% | 5.12% | 11.49% | 15.64% | 14.07% | 8.42% | 11.33% | 11.77% |
| Operating Income Growth % | -43.67% | 2777.34% | -88.58% | -69.1% | -58.27% | -29% | 105.48% | -41.5% | 14.18% | 4.47% | -1454.42% | -26.71% | -43.24% | -44.63% | 10.5% | 47.71% | 86.28% | 12.78% | 39.99% | 114.54% |
| EBITDA | 18.6M | 565.93M | 13.99M | 19.09M | 29.76M | 21.85M | 77.76M | 53.53M | 66.08M | 29.14M | -1.38B | 89.27M | 60.62M | 27.78M | 103.38M | 121.55M | 100.17M | 48.79M | 93.44M | 82.53M |
| EBITDA Margin % | 2.79% | 89.55% | 1.71% | 2.38% | 4.33% | 3.24% | 7.94% | 7.41% | 9.33% | 4.91% | -155.47% | 13.74% | 8.62% | 5.39% | 11.66% | 15.84% | 14.26% | 8.63% | 11.47% | 11.95% |
| EBITDA Growth % | -37.49% | 2489.73% | -82% | -64.33% | -54.97% | -25.01% | 105.64% | -40.04% | 9% | 4.92% | -1433.92% | -26.56% | -39.48% | -43.08% | 10.64% | 47.28% | 83.62% | 12.02% | 38.83% | 110.36% |
| D&A (Non-Cash Add-back) | 3.54M | 3.27M | 5.35M | 3.19M | 3.02M | 2.3M | 2.05M | 2.07M | 2.01M | 1.6M | 1.57M | 1.3M | 4.51M | 1.41M | 1.45M | 1.52M | 1.31M | 1.18M | 1.19M | 1.27M |
| EBIT | 15.06M | 40.86M | 5.52M | 30.95M | 35.67M | 49.38M | 122.94M | 103.53M | 67.43M | 43.01M | 132.38M | 60.78M | 55.35M | 33.14M | 110.51M | 110.17M | 97.56M | 40.7M | 94.52M | 77.56M |
| Net Interest Income | -12.49M | -12.16M | -9.63M | -7.15M | -9.14M | -9.52M | -5.07M | -6.26M | -8.97M | -10.45M | -10.99M | -13.5M | -14.5M | -15.09M | -11.9M | -9.62M | -12.43M | -13.39M | -12.55M | -19.16M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 12.49M | 12.16M | 9.63M | 7.15M | 9.14M | 9.52M | 5.07M | 6.26M | 8.97M | 10.45M | 10.99M | 13.5M | 14.5M | 15.09M | 11.9M | 9.62M | 12.43M | 13.39M | 12.55M | 19.16M |
| Other Income/Expense | 0 | -533.96M | -12.75M | 7.9M | -203K | 20.31M | 42.15M | 45.81M | 5.32M | 5.02M | -10.86M | 1.12B | -9.67M | -8.32M | -9.21M | 1.31B | -16.69M | -5.57M | -16.71M | -14.45M |
| Pretax Income | 339K | 28.7M | -4.11M | 23.8M | 26.53M | 39.86M | 117.86M | 97.27M | 69.39M | 32.56M | 121.39M | 70.39M | 46.12M | 18.05M | 91.48M | 111.93M | 80.94M | 35.4M | 77.44M | 61.8M |
| Pretax Margin % | 0.05% | 4.54% | -0.5% | 2.97% | 3.86% | 5.92% | 12.03% | 13.46% | 9.8% | 5.49% | 13.69% | 10.83% | 6.55% | 3.5% | 10.32% | 14.58% | 11.52% | 6.26% | 9.51% | 8.95% |
| Income Tax | 934K | 7.84M | -3.44M | 7.19M | 6.8M | 11.67M | 23.52M | 24.35M | 18.56M | 8.66M | 24.13M | 14.63M | 11.98M | -669K | 35.85M | 29.31M | 18.51M | 10.59M | 24.96M | 14.1M |
| Effective Tax Rate % | 275.52% | 27.33% | 83.76% | 30.19% | 25.65% | 29.28% | 19.95% | 25.03% | 26.74% | 26.59% | 19.87% | 20.78% | 25.97% | -3.71% | 39.19% | 26.19% | 22.87% | 29.92% | 32.24% | 22.81% |
| Net Income | -284K | 20.86M | -667K | 16.61M | 19.73M | 28.19M | 94.35M | 72.92M | 50.84M | 23.9M | 97.27M | 55.76M | 34.15M | 18.72M | 55.63M | 82.61M | 62.44M | 24.81M | 52.48M | 47.7M |
| Net Margin % | -0.04% | 3.3% | -0.08% | 2.08% | 2.87% | 4.18% | 9.63% | 10.09% | 7.18% | 4.03% | 10.97% | 8.58% | 4.85% | 3.63% | 6.27% | 10.76% | 8.89% | 4.39% | 6.44% | 6.91% |
| Net Income Growth % | -101.44% | -26.01% | -100.71% | -77.21% | -61.2% | 17.93% | -3% | 30.76% | 48.88% | 27.72% | 74.83% | -32.5% | -45.31% | -24.56% | 6.01% | 73.19% | -87.22% | 30.85% | 29.15% | 210.5% |
| Net Income (Continuing) | -595K | 20.86M | -667K | 16.61M | 19.73M | 28.19M | 94.35M | 72.92M | 50.84M | 23.9M | 97.27M | 55.76M | 34.15M | 18.72M | 55.63M | 82.61M | 62.44M | 24.81M | 52.48M | 47.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 2.7M | 1.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53K | 37K | 26K | 19K | 15K | 320K | 396K | 399K | 487K | 622K |
| EPS (Diluted) | -0.46 | 2.62 | -0.60 | 1.99 | 2.43 | 3.58 | 12.51 | 9.75 | 6.66 | 2.91 | 12.76 | 7.38 | 4.47 | 2.26 | 7.92 | 12.62 | 9.64 | 3.82 | 7.41 | 6.72 |
| EPS Growth % | -118.93% | -26.82% | -104.8% | -79.59% | -63.51% | 23.02% | -1.96% | 32.11% | 48.99% | 28.76% | 61.11% | -41.52% | -53.63% | -40.84% | 6.88% | 87.8% | -86.16% | 38.91% | 33.75% | 211.11% |
| EPS (Basic) | -0.46 | 2.80 | -0.60 | 2.14 | 2.64 | 3.88 | 13.55 | 10.61 | 7.12 | 3.11 | 13.67 | 7.92 | 4.68 | 2.37 | 8.25 | 12.74 | 9.76 | 3.88 | 7.53 | 6.85 |
| Diluted Shares Outstanding | 6.45M | 6.49M | 6.47M | 6.4M | 6.95M | 7.07M | 7.02M | 7.05M | 6.9M | 6.94M | 6.76M | 6.71M | 6.46M | 6.47M | 6.75M | 6.54M | 6.48M | 6.5M | 6.47M | 6.43M |
| Basic Shares Outstanding | 6.45M | 6.49M | 6.47M | 6.4M | 6.41M | 6.52M | 6.49M | 6.47M | 6.46M | 6.5M | 6.32M | 6.25M | 6.17M | 6.19M | 6.48M | 6.49M | 6.4M | 6.39M | 6.36M | 6.32M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.63% | 0.2% | 0.19% | 0.6% | 0.49% | 0.65% |