A Business at a Glance
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Tri Pointe Homes, Inc.
TPH
$4.2B
Mkt Cap
Tri Pointe Homes, Inc. (TPH) has a current P/E ratio of 17.1, compared to its historical median P/E of 8.9. The stock is currently considered Expensive based on its historical valuation range.
Tri Pointe Homes, Inc. (TPH) has a 5-year average return on invested capital (ROIC) of 13.4%. This indicates solid capital allocation.
Tri Pointe Homes, Inc. (TPH) has a market capitalization of $4.0B. It is classified as a mid-cap stock.
Tri Pointe Homes, Inc. (TPH) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 5.12%.
Based on historical P/E analysis, Tri Pointe Homes, Inc. (TPH) appears expensive. The current P/E of 17.1 is 91% above its historical median of 8.9. The estimated fair value CAGR (P/E method) is 18.5%.
Tri Pointe Homes, Inc. (TPH) operates in the Operative Builders industry, within the Industrials sector.
Tri Pointe Homes, Inc. (TPH) reported annual revenue of $3.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Our Company Tri Pointe was founded in April 2009, near the end of an unprecedented downturn in the national homebuilding industry. Since then, we have grown from a Southern California fee homebuilder into a regionally-focused national homebuilder engaged in the design, construction and sale of innovative single-family attached and detached homes in 17 markets across twelve states and the District of Columbia. In early 2024, we announced our expansions into the Orlando and Coastal Carolinas regions. As of December 31, 2025, we had not yet commenced home sales in either Orlando or the Coastal Carolinas.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.3B | 3.5B | 4.5B | 3.7B | 4.3B | 4.0B |
| Net Income | 184M | 241M | 458M | 344M | 576M | 469M |
| EPS | $2.14 | $2.72 | $4.83 | $3.45 | $5.54 | $4.12 |
| Free Cash Flow | 113M | 129M | 673M | 170M | 401M | 390M |
| ROIC | 5.4% | 7.9% | 13.5% | 10.2% | 19.1% | 16.4% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.20 | 0.03 | 0.23 | 0.36 | 0.39 | 0.44 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 231M | 302M | 577M | 428M | 747M | 605M |
| Operating Margin | 7.1% | 8.7% | 12.8% | 11.5% | 17.2% | 15.2% |
| ROE | 5.6% | 7.2% | 14.4% | 11.8% | 21.8% | 20.1% |
| Shares Outstanding | 85M | 89M | 95M | 100M | 104M | 114M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.7B | 2.4B | 2.4B | 2.8B | 3.3B | 3.1B | 3.3B | 4.0B | 4.3B | 3.7B | 4.5B | 3.5B | 3.3B |
| Gross Margin | 22.6% | 24.7% | 23.6% | 22.7% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 | 82M | 121M | 124M | 138M | 155M | 157M | 166M | 200M | 213M | 218M | 256M | 230M | 225M |
| EBIT | 147M | 315M | 296M | 344M | 353M | 254M | 367M | 605M | 747M | 428M | 577M | 302M | 231M |
| Op. Margin | 8.6% | 13.1% | 12.3% | 12.2% | 10.8% | 8.2% | 11.2% | 15.2% | 17.2% | 11.5% | 12.8% | 8.7% | 7.1% |
| Net Income | 84M | 205M | 195M | 187M | 270M | 207M | 282M | 469M | 576M | 344M | 458M | 241M | 184M |
| Net Margin | 4.9% | 8.6% | 8.1% | 6.7% | 8.3% | 6.7% | 8.7% | 11.8% | 13.2% | 9.3% | 10.2% | 6.9% | 5.7% |
| Non-Recurring | 13M | 4.5M | 649K | 1.4M | 0 | 10M | 7.1M | 20M | 0 | 12M | 0 | 31M | 31M |
| Returns on Capital | |||||||||||||
| ROIC | 7.8% | 12.0% | 8.1% | 6.8% | 8.4% | 6.4% | 9.9% | 16.4% | 19.1% | 10.2% | 13.5% | 7.9% | 5.4% |
| ROE | 7.5% | 13.2% | 11.2% | 10.0% | 13.5% | 9.8% | 12.8% | 20.1% | 21.8% | 11.8% | 14.4% | 7.2% | 5.6% |
| ROA | 3.5% | 6.8% | 5.8% | 5.1% | 7.0% | 5.4% | 7.2% | 11.2% | 12.7% | 7.1% | 9.3% | 4.9% | 3.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -113M | 31M | -158M | 102M | 311M | 316M | 588M | 420M | 444M | 195M | 696M | 161M | 145M |
| Free Cash Flow | -121M | 30M | -162M | 99M | 279M | 286M | 565M | 390M | 401M | 170M | 673M | 129M | 113M |
| Owner Earnings | -133M | 11M | -174M | 82M | 267M | 273M | 542M | 366M | 397M | 148M | 632M | 100M | 89M |
| CapEx | 7.8M | 809K | 4.0M | 2.6M | 32M | 30M | 23M | 29M | 44M | 25M | 23M | 33M | 32M |
| Maint. CapEx | 11M | 8.3M | 3.1M | 3.5M | 29M | 28M | 29M | 32M | 28M | 27M | 31M | 30M | 31M |
| Growth CapEx | 0 | 0 | 898K | 0 | 2.6M | 1.9M | 0 | 0 | 16M | 0 | 0 | 2.6M | 1.0M |
| D&A | 11M | 8.3M | 3.1M | 3.5M | 29M | 28M | 29M | 32M | 28M | 27M | 31M | 30M | 31M |
| CapEx/OCF | N/A | 2.6% | N/A | 2.6% | 10.2% | 9.6% | 3.9% | 7.0% | 9.8% | 13.0% | 3.3% | 20.4% | 21.8% |
| 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 | 0 | 42M | 112M | 146M | 89M | 251M | 276M | 203M | 175M | 147M | 277M | 202M |
| Buyback Yield | N/A | N/A | 2.2% | 4.0% | 8.8% | 4.0% | 11.0% | 8.9% | 10.7% | 4.9% | 4.3% | 9.7% | 5.1% |
| Stock-Based Comp | 8.6M | 12M | 13M | 16M | 15M | 15M | 17M | 21M | 19M | 20M | 34M | 31M | 25M |
| Debt Repayment | 53M | 113M | 331M | 414M | 193M | 532M | 809M | 8.5M | 76M | 0 | 468M | 16M | 16M |
| Balance Sheet | |||||||||||||
| Net Debt | 190M | 85M | 1.2B | 1.2B | 1.1B | 705M | 463M | 406M | 201M | 225M | -219M | -892M | -200M |
| Cash & Equiv. | 171M | 214M | 209M | 283M | 278M | 329M | 621M | 682M | 890M | 869M | 970M | 983M | 848M |
| Long-Term Debt | 101M | N/A | 1.2B | 1.5B | 1.4B | 1.0B | 1.1B | 1.1B | 1.1B | 1.1B | 647M | N/A | N/A |
| Debt/Equity | 0.25 | 0.18 | 0.75 | 0.76 | 0.69 | 0.47 | 0.49 | 0.44 | 0.39 | 0.36 | 0.23 | 0.03 | 0.20 |
| Interest Coverage | 53.9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 1.5B | 1.7B | 1.8B | 1.9B | 2.1B | 2.2B | 2.2B | 2.4B | 2.8B | 3.0B | 3.3B | 3.3B | 3.3B |
| Total Assets | 2.9B | 3.1B | 3.6B | 3.8B | 3.9B | 3.9B | 4.0B | 4.3B | 4.7B | 4.9B | 4.9B | 5.0B | 5.0B |
| Total Liabilities | 1.4B | 1.5B | 1.7B | 1.9B | 1.8B | 1.7B | 1.8B | 1.9B | 1.9B | 1.9B | 1.6B | 1.7B | 1.7B |
| Intangibles | 23M | 23M | 22M | 22M | 21M | 21M | 19M | 17M | 17M | 17M | 17M | 17M | 17M |
| Retained Earnings | 546M | 752M | 947M | 1.1B | 1.4B | 1.6B | 1.9B | 2.4B | 2.8B | 3.0B | 3.3B | 3.3B | 3.3B |
| 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 | N/A | N/A | 28M |
| Per Share Data | |||||||||||||
| EPS | 0.58 | 1.27 | 1.21 | 1.21 | 1.81 | 1.47 | 2.17 | 4.12 | 5.54 | 3.45 | 4.83 | 2.72 | 2.14 |
| Owner EPS | -0.92 | 0.07 | -1.08 | 0.53 | 1.79 | 1.94 | 4.16 | 3.21 | 3.82 | 1.49 | 6.66 | 1.13 | 1.04 |
| Book Value | 10.02 | 10.29 | 11.34 | 12.47 | 13.79 | 15.51 | 17.17 | 21.49 | 27.24 | 30.22 | 35.18 | 37.41 | 38.84 |
| Cash Flow/Share | -0.78 | 0.19 | -0.98 | 0.66 | 2.08 | 2.24 | 4.52 | 3.68 | 4.27 | 1.96 | 7.34 | 1.82 | 2.52 |
| 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. | 145.2M | 161.8M | 161.3M | 154.7M | 149.1M | 140.9M | 130.0M | 113.9M | 104.0M | 99.6M | 94.8M | 88.6M | 85.1M |
| Valuation | |||||||||||||
| P/E Ratio | 25.3 | 10.1 | 9.8 | 14.9 | 6.1 | 10.6 | 8.1 | 6.6 | 3.3 | 10.4 | 7.5 | 11.8 | 21.7 |
| P/FCF | N/A | 68.7 | N/A | 28.1 | 5.9 | 7.7 | 4.0 | 7.9 | 4.7 | 21.0 | 5.1 | 22.2 | 34.9 |
| EV/EBIT | 19.8 | 8.9 | 9.7 | 10.7 | 7.1 | 11.1 | 6.5 | 5.1 | 2.0 | 74.0 | 3.9 | 5.4 | 16.3 |
| Price/Book | 1.5 | 1.2 | 1.0 | 1.4 | 0.8 | 1.0 | 1.0 | 1.3 | 0.7 | 1.2 | 1.0 | 0.9 | 1.2 |
| Price/Sales | 1.3 | 1.0 | 0.8 | 0.8 | 0.7 | 0.6 | 0.6 | 0.6 | 0.5 | 0.7 | 0.8 | 0.8 | 1.2 |
| FCF Yield | -5.7% | 1.5% | -8.5% | 3.6% | 16.9% | 13.0% | 24.8% | 12.6% | 21.2% | 4.8% | 19.6% | 4.5% | 2.9% |
| Market Cap | 2.1B | 2.1B | 1.9B | 2.8B | 1.7B | 2.2B | 2.3B | 3.1B | 1.9B | 3.6B | 3.4B | 2.9B | 4.0B |
| Avg. Price | 15.56 | 14.46 | 11.89 | 13.69 | 15.23 | 13.67 | 15.37 | 22.45 | 19.58 | 27.79 | 39.35 | 32.88 | 46.44 |
| Year-End Price | 14.65 | 12.83 | 11.89 | 18.02 | 11.07 | 15.64 | 17.50 | 27.17 | 18.20 | 35.77 | 36.20 | 32.20 | 46.44 |
Tri Pointe Homes, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Tri Pointe Homes, Inc. trades at 17.1x trailing earnings, compared to its 15-year median P/E of 8.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 30.5x vs a median of 7.7x. The company's 5-year average ROIC is 13.4%. Total shareholder yield (buybacks) is 5.1%. At current prices, the estimated annualized return to fair value is +10.7%.
Tri Pointe Homes, Inc. (TPH) has a net profit margin of 6.9%. This is a modest margin.
Tri Pointe Homes, Inc. (TPH) generated $129 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Tri Pointe Homes, Inc. (TPH) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
Tri Pointe Homes, Inc. (TPH) reported earnings per share (EPS) of $2.72 in its most recent fiscal year.
Tri Pointe Homes, Inc. (TPH) has a return on equity (ROE) of 7.2%. This indicates moderate shareholder returns.
The Ledger Terminal provides 15 years of financial data for Tri Pointe Homes, Inc. (TPH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Tri Pointe Homes, Inc. (TPH) has a book value per share of $37.41, based on its most recent annual SEC filing.