A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Taylor Morrison Home Corp
TMHC
$7.3B
Mkt Cap
$72.45
-0.03%
Taylor Morrison Home Corp (TMHC) has a current P/E ratio of 9.3, compared to its historical median P/E of 8.2. The stock is currently considered Fair based on its historical valuation range.
Taylor Morrison Home Corp (TMHC) has a 5-year average return on invested capital (ROIC) of 12.5%. This indicates solid capital allocation.
Taylor Morrison Home Corp (TMHC) has a market capitalization of $7.1B. It is classified as a mid-cap stock.
Taylor Morrison Home Corp (TMHC) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 5.60%.
Based on historical P/E analysis, Taylor Morrison Home Corp (TMHC) appears fair. The current P/E of 9.3 is 13% above its historical median of 8.2. The estimated fair value CAGR (P/E method) is 29.1%.
Taylor Morrison Home Corp (TMHC) operates in the Operative Builders industry, within the Industrials sector.
Taylor Morrison Home Corp (TMHC) reported annual revenue of $8.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Taylor Morrison Home Corporation is a leading national homebuilder and land developer operating under the Taylor Morrison and Esplanade brand names, serving entry-level, move-up, and resort lifestyle buyer segments across the United States. The company generates revenue primarily through home closings, with 2025 home closings revenue of $7.8 billion from 12,997 homes delivered at an average price of $597,000, complemented by financial services including mortgage lending through Taylor Morrison Home Funding, title insurance and closing services through Inspired Title Services, and homeowner's insurance through Taylor Morrison Insurance Services. The business model emphasizes a balanced portfolio of spec and to-be-built homes, with gross margins in the low to mid-20% range, supported by disciplined land acquisition and development in prime core submarkets, an asset-light approach utilizing land banking arrangements and joint ventures, and a Build-to-Rent operation called Yardly that acquires, develops, and manages rental communities. The company maintains a controlled lot supply strategy targeting at least 65% control, operates with mid-10% SG&A ratios through digital sales tools and operational efficiencies, and pursues a capital allocation strategy focused on reinvestment in core operations, opportunistic acquisitions, debt optimization, and shareholder returns including share repurchases.
【Staged growth positioning】 Management expects 2026 to focus on setting the stage for re-acceleration of growth in 2027 and beyond, with over 100 new community openings planned including more than 20 new Esplanade outlets that are already supported by deep interest lists, with the majority opening in the first half and beginning to contribute closings in the second half and into 2027. The company anticipates gradual margin improvement beginning in the second half of 2026 driven primarily by an increase in the share of to-be-built home deliveries as the company clears excess spec inventory, though incentive pressure is expected to persist as long as mortgage rates remain elevated. Management is concentrating resources on core, well-located communities in the move-up and resort lifestyle segments where personalization is valued, with Esplanade expected to be an important driver of future performance given its superior home prices, mid- to high-20% gross margins, and strong demand resiliency. The company continues to target outsized growth toward 20,000 closings over many years while maintaining disciplined capital allocation focused on generating attractive returns on invested capital throughout housing cycles.
| Metric | Target | Period |
|---|---|---|
| Home closings | approximately 11,000 | FY2026 |
| Average closing price | $580,000–$590,000 | FY2026 |
| Ending community count | 365–370 | FY2026 |
| Homebuilding land investment | approximately $2 billion | FY2026 |
| Share repurchases | approximately $400 million | FY2026 |
| Average diluted share count | approximately 95 million | FY2026 |
Home closings (FY2026): “we currently expect to deliver around 11,000 homes this year”
Average closing price (FY2026): “between $580,000-$590,000 for the full year”
Ending community count (FY2026): “we will end the year with between 365-370 communities”
Homebuilding land investment (FY2026): “we expect our home building land investment to be approximately $2 billion”
Share repurchases (FY2026): “we expect to repurchase approximately $400 million of our common stock”
Average diluted share count (FY2026): “we expect our diluted shares outstanding to average approximately 95 million in the full year”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 7.6B | 8.1B | 8.2B | 7.4B | 8.2B | 7.5B |
| Net Income | 668M | 783M | 883M | 769M | 1.1B | 663M |
| EPS | $6.70 | $7.77 | $8.27 | $6.98 | $9.06 | $5.18 |
| Free Cash Flow | 688M | 777M | 174M | 773M | 1.1B | 355M |
| ROIC | 0.0% | 10.3% | 12.6% | 12.0% | 16.6% | 10.8% |
| Gross Margin | 22.3% | 23.0% | 24.3% | 24.0% | 25.4% | 20.6% |
| Debt/Equity | 0.37 | 0.36 | 0.36 | 0.38 | 0.54 | 0.85 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 1.0B | 1.2B | 1.0B | 1.4B | 848M |
| Operating Margin | 0.0% | 12.7% | 14.1% | 13.9% | 17.1% | 11.3% |
| ROE | 10.7% | 12.9% | 15.8% | 15.5% | 24.6% | 17.8% |
| Shares Outstanding | 98M | 101M | 107M | 110M | 116M | 128M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.7B | 3.0B | 3.6B | 3.9B | 4.2B | 4.8B | 6.1B | 7.5B | 8.2B | 7.4B | 8.2B | 8.1B | 7.6B |
| Gross Margin | 20.9% | 19.1% | 19.2% | 19.0% | 17.5% | 17.3% | 17.0% | 20.6% | 25.4% | 24.0% | 24.3% | 23.0% | 22.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 250M | 294M | 362M | 390M | 417M | 490M | 572M | 668M | 643M | 699M | 314M | 274M | 265M |
| EBIT | 149M | 151M | 160M | 271M | 271M | 325M | 320M | 848M | 1.4B | 1.0B | 1.2B | 1.0B | 0 |
| Op. Margin | 5.5% | 5.1% | 4.5% | 7.0% | 6.4% | 6.8% | 5.2% | 11.3% | 17.1% | 13.9% | 14.1% | 12.7% | 0.0% |
| Net Income | 71M | 61M | 53M | 91M | 206M | 255M | 243M | 663M | 1.1B | 769M | 883M | 783M | 668M |
| Net Margin | 2.6% | 2.1% | 1.5% | 2.3% | 4.9% | 5.3% | 4.0% | 8.8% | 12.8% | 10.4% | 10.8% | 9.6% | 8.8% |
| Non-Recurring | 0 | 0 | 0 | 0 | 51M | 11M | 0 | -20M | -42M | 0 | 0 | 29M | 29M |
| Returns on Capital | |||||||||||||
| ROIC | 7.5% | 4.7% | 5.3% | 7.5% | 5.9% | 5.9% | 4.9% | 10.8% | 16.6% | 12.0% | 12.6% | 10.3% | 0.0% |
| ROE | 16.0% | 12.2% | 9.8% | 8.5% | 10.3% | 10.3% | 8.1% | 17.8% | 24.6% | 15.5% | 15.8% | 12.9% | 10.7% |
| ROA | 1.9% | 1.5% | 1.3% | 2.1% | 4.3% | 4.8% | 3.7% | 8.1% | 12.2% | 9.0% | 9.8% | 8.2% | 6.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -134M | -263M | 373M | 386M | 136M | 393M | 1.1B | 377M | 1.1B | 806M | 210M | 817M | 730M |
| Free Cash Flow | -137M | -267M | 371M | 383M | 115M | 363M | 1.1B | 355M | 1.1B | 773M | 174M | 777M | 688M |
| Owner Earnings | -144M | -275M | 358M | 371M | 88M | 347M | 1.1B | 317M | 1.0B | 747M | 146M | 748M | 660M |
| CapEx | 3.7M | 4.3M | 1.9M | 3.4M | 20M | 30M | 38M | 21M | 31M | 33M | 36M | 40M | 42M |
| Maint. CapEx | 4.1M | 4.1M | 4.0M | 4.0M | 26M | 31M | 37M | 40M | 34M | 33M | 41M | 40M | 42M |
| Growth CapEx | 0 | 191K | 0 | 0 | 0 | 0 | 424K | 0 | 0 | 20K | 0 | 190K | 0 |
| D&A | 4.1M | 4.1M | 4.0M | 4.0M | 26M | 31M | 37M | 40M | 34M | 33M | 41M | 40M | 42M |
| CapEx/OCF | N/A | N/A | 0.5% | 0.9% | 15.1% | 7.7% | 3.4% | 5.6% | 2.8% | 4.1% | 17.3% | 4.9% | 5.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 15M | 0 | 0 | 138M | 157M | 103M | 281M | 376M | 128M | 348M | 381M | 396M |
| Buyback Yield | N/A | 1.2% | 1.3% | N/A | 11.2% | 6.6% | 3.0% | 6.4% | 10.9% | 2.2% | 5.4% | 6.3% | 5.6% |
| Stock-Based Comp | 5.8M | 7.9M | 11M | 12M | 21M | 15M | 32M | 20M | 27M | 26M | 22M | 29M | 28M |
| Debt Repayment | 195M | 0 | 0 | 0 | 96M | 0 | 0 | 100M | 413M | 0 | 100M | 240M | 240M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.5B | 1.7B | 1.3B | 924M | 2.1B | 1.6B | 2.4B | 2.5B | 1.8B | 1.2B | 1.6B | 1.4B | 1.7B |
| Cash & Equiv. | 234M | 126M | 300M | 574M | 330M | 326M | 533M | 833M | 724M | 799M | 487M | 850M | 653M |
| Long-Term Debt | 1.7B | 1.7B | 1.6B | 1.5B | 2.2B | 1.9B | 2.9B | 3.3B | 2.5B | 2.0B | 2.1B | 2.3B | 2.3B |
| Debt/Equity | 3.71 | 3.43 | 2.88 | 0.94 | 1.00 | 0.76 | 0.84 | 0.85 | 0.54 | 0.38 | 0.36 | 0.36 | 0.37 |
| Interest Coverage | 128.5 | 787.7 | 872.0 | 469.3 | 165.4 | 121.5 | 199.0 | 223.5 | 79.6 | 81.9 | N/A | 608.8 | 608.8 |
| Equity | 478M | 520M | 552M | 1.6B | 2.4B | 2.5B | 3.5B | 3.9B | 4.6B | 5.3B | 5.9B | 6.3B | 6.2B |
| Total Assets | 4.1B | 4.1B | 4.2B | 4.3B | 5.3B | 5.2B | 7.7B | 8.7B | 8.5B | 8.7B | 9.3B | 9.8B | 9.8B |
| Total Liabilities | 2.4B | 2.1B | 2.1B | 2.0B | 2.8B | 2.7B | 4.1B | 4.8B | 3.8B | 3.3B | 3.4B | 3.5B | 3.5B |
| Intangibles | 5.5M | 4.2M | 3.2M | 2.1M | 1.1M | 637K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 115M | 176M | 229M | 320M | 528M | 782M | 1.0B | 1.7B | 2.7B | 3.5B | 4.4B | 5.2B | 5.2B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 175M | N/A | 67M |
| Per Share Data | |||||||||||||
| EPS | 0.58 | 0.50 | 0.44 | 1.47 | 1.83 | 2.35 | 1.88 | 5.18 | 9.06 | 6.98 | 8.27 | 7.77 | 6.70 |
| Owner EPS | -1.17 | -2.26 | 3.00 | 5.97 | 0.78 | 3.20 | 8.14 | 2.47 | 9.01 | 6.78 | 1.37 | 7.43 | 6.77 |
| Book Value | 3.91 | 4.29 | 4.62 | 25.72 | 21.42 | 23.42 | 27.06 | 30.67 | 39.85 | 48.25 | 54.93 | 62.49 | 64.06 |
| Cash Flow/Share | -1.09 | -2.17 | 3.12 | 6.22 | 1.20 | 3.63 | 8.67 | 2.94 | 9.53 | 7.32 | 1.97 | 8.12 | 7.28 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 122.3M | 121.3M | 119.4M | 62.1M | 112.8M | 108.4M | 129.5M | 128.0M | 116.2M | 110.2M | 106.8M | 100.7M | 97.5M |
| Valuation | |||||||||||||
| P/E Ratio | 31.4 | 20.7 | 45.5 | 16.6 | 8.7 | 9.4 | 14.1 | 6.7 | 3.3 | 7.7 | 7.3 | 7.7 | 10.8 |
| P/FCF | N/A | N/A | 6.3 | 4.0 | 15.7 | 6.6 | 3.2 | 12.4 | 3.2 | 7.7 | 37.3 | 7.7 | 10.3 |
| EV/EBIT | 18.1 | 12.9 | 18.5 | 6.5 | 11.2 | 10.8 | 15.8 | 6.6 | 3.0 | 6.0 | 6.4 | 6.0 | N/A |
| Price/Book | 3.4 | 2.4 | 3.9 | 1.0 | 0.7 | 0.9 | 1.0 | 1.1 | 0.7 | 1.1 | 1.1 | 1.0 | 1.1 |
| Price/Sales | 0.7 | 0.5 | 0.5 | 0.4 | 0.6 | 0.5 | 0.5 | 0.5 | 0.4 | 0.6 | 0.8 | 0.8 | 0.9 |
| FCF Yield | -8.4% | -21.2% | 17.0% | 25.2% | 6.4% | 15.2% | 31.6% | 8.0% | 31.2% | 13.0% | 2.7% | 12.9% | 9.7% |
| Market Cap | 1.6B | 1.3B | 2.2B | 1.5B | 1.8B | 2.4B | 3.4B | 4.4B | 3.5B | 5.9B | 6.5B | 6.0B | 7.1B |
| Avg. Price | 20.38 | 18.99 | 15.89 | 22.14 | 20.87 | 21.20 | 21.57 | 28.76 | 27.76 | 42.32 | 61.19 | 61.88 | 72.45 |
| Year-End Price | 18.33 | 16.29 | 19.55 | 24.45 | 16.00 | 21.98 | 26.55 | 34.54 | 29.70 | 53.91 | 60.64 | 59.72 | 72.45 |
Taylor Morrison Home Corp passes 6 of 9 quality checks, suggesting mixed fundamentals.
Taylor Morrison Home Corp trades at 9.3x trailing earnings, compared to its 15-year median P/E of 8.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 9.4x vs a median of 7.1x. The company's 5-year average ROIC is 12.5% with a gross margin of 23.5%. Total shareholder yield (buybacks) is 5.6%. At current prices, the estimated annualized return to fair value is +7.0%.
Taylor Morrison Home Corp (TMHC) has a net profit margin of 9.6%. This is a modest margin.
Taylor Morrison Home Corp (TMHC) generated $777 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Taylor Morrison Home Corp (TMHC) has a debt-to-equity ratio of 0.36. This indicates a conservatively financed balance sheet.
Taylor Morrison Home Corp (TMHC) reported earnings per share (EPS) of $7.77 in its most recent fiscal year.
Taylor Morrison Home Corp (TMHC) has a return on equity (ROE) of 12.9%. This indicates moderate shareholder returns.
Taylor Morrison Home Corp (TMHC) has a 5-year average gross margin of 23.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for Taylor Morrison Home Corp (TMHC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Taylor Morrison Home Corp (TMHC) has a book value per share of $62.49, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects 2026 to focus on setting the stage for re-acceleration of growth in 2027 and beyond, with over 100 new community openings planned including more than 20 new Esplanade outlets that are already supported by deep interest lists, with the majority opening in the first half and beginning to contribute closings in the second half and into 2027. The company anticipates gradual margin improvement beginning in the second half of 2026 driven primarily by an increase in the share of to-be-built home deliveries as the company clears excess spec inventory, though incentive pressure is expected to persist as long as mortgage rates remain elevated. Management is concentrating resources on core, well-located communities in the move-up and resort lifestyle segments where personalization is valued, with Esplanade expected to be an important driver of future performance given its superior home prices, mid- to high-20% gross margins, and strong demand resiliency. The company continues to target outsized growth toward 20,000 closings over many years while maintaining disciplined capital allocation focused on generating attractive returns on invested capital throughout housing cycles.
Based on recent SEC filings and earnings calls, Taylor Morrison Home Corp (TMHC) has provided the following forward guidance: Home closings: approximately 11,000 (FY2026); Average closing price: $580,000–$590,000 (FY2026); Ending community count: 365–370 (FY2026); Homebuilding land investment: approximately $2 billion (FY2026); Share repurchases: approximately $400 million (FY2026), plus 1 additional metric.