TMHC - Taylor Morrison Home Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$73.75
DETAILS
HIGH:
$80.00
LOW:
$69.00
MEDIAN:
$73.00
CONSENSUS:
$73.75
UPSIDE:
27.18%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 8,121.5 | 8,168.1 | 7,417.8 | 8,224.9 | 7,501.3 | 6,129.3 | 4,762.1 | 4,227.4 | 3,885.3 | 3,550.0 | 2,976.8 | 2,708.4 | 1,916.1 | 1,041.2 | 1,370.2 | 1,297.9 |
| Cost of Revenue | 6,251.3 | 6,154.3 | 5,623.0 | 6,107.7 | 5,944.7 | 5,065.0 | 3,894.9 | 3,440.3 | 3,146.4 | 2,869.8 | 2,408.9 | 2,142.2 | 1,500.2 | 834.5 | 1,090.5 | 1,020.5 |
| Gross Profit | 1,870.2 | 2,013.8 | 1,794.9 | 2,117.2 | 1,556.5 | 1,064.3 | 867.2 | 787.1 | 738.9 | 680.3 | 567.9 | 566.2 | 415.9 | 206.6 | 279.7 | 277.4 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 735.0 | 770.5 | 698.7 | 643.2 | 668.3 | 572.4 | 490.3 | 416.9 | 390.4 | 361.8 | 293.9 | 250.1 | 233.6 | 141.4 | 145.1 | 151.4 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 134.7 | 126.0 |
| Operating Expenses | 735.0 | 770.5 | 698.7 | 643.2 | 668.3 | 572.4 | 490.3 | 416.9 | 390.4 | 361.8 | 293.9 | 250.1 | 204.6 | 135.7 | 279.7 | 277.4 |
| Operating Income | ||||||||||||||||
| Operating Income | 1,135.2 | 1,243.4 | 1,096.2 | 1,474.0 | 888.2 | 491.9 | 376.9 | 370.1 | 348.5 | 318.5 | 274.0 | 316.2 | 211.2 | 94.4 | 134.7 | 126.0 |
| Interest Expense | 47.0 | 13.3 | 0 | 17.7 | 3.8 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2 | 0.8 | 0 | 0 | 80.5 |
| Interest Income | 0 | 0 | 12.6 | 0 | 0 | 1.6 | 2.7 | 1.6 | 0.6 | 0.2 | 0.2 | 0 | 0 | 0.8 | 2.9 | 40.3 |
| Profitability | ||||||||||||||||
| EBITDA | 1,142.7 | 1,284.5 | 1,129.6 | 1,507.9 | 894.8 | 529.3 | 408.3 | 396.5 | 352.4 | 322.5 | 278.1 | 320.3 | 214.7 | 98.7 | 138.9 | 129.2 |
| EBIT | 1,135.2 | 1,243.4 | 1,096.2 | 1,474.0 | 854.8 | 491.9 | 376.9 | 370.1 | 348.5 | 318.5 | 274.0 | 316.2 | 211.2 | 94.4 | 134.7 | 126.0 |
| Income Before Tax | 1,042.0 | 1,156.1 | 1,017.8 | 1,392.7 | 863.1 | 324.1 | 322.3 | 273.5 | 355.7 | 314.2 | 261.0 | 302.0 | 97.9 | 170.6 | 101.7 | 88.7 |
| Income Tax Expense | 250.8 | 269.5 | 248.1 | 336.4 | 180.7 | 74.6 | 67.4 | 63.0 | 179.0 | 107.6 | 90.0 | 76.4 | 3.1 | (260.3) | 24.9 | (1.9) |
| Net Income | 782.5 | 883.3 | 768.9 | 1,052.8 | 663.0 | 243.4 | 254.7 | 206.4 | 91.2 | 52.6 | 61.0 | 71.5 | 45.4 | 430.8 | 71.5 | 87.4 |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | 7.90 | 8.43 | 7.09 | 9.16 | 5.26 | 1.90 | 2.38 | 1.85 | 1.47 | 1.69 | 1.85 | 2.17 | 1.38 | 0.60 | 0.10 | 0.12 |
| EPS (Diluted) | 7.77 | 8.27 | 6.98 | 9.06 | 5.18 | 1.88 | 2.35 | 1.79 | 1.47 | 1.69 | 1.85 | 2.17 | 1.38 | 0.60 | 0.10 | 0.12 |
| Shares Outstanding | 99.1 | 104.1 | 108.4 | 115.0 | 126.1 | 127.8 | 107.0 | 111.7 | 62.1 | 31.1 | 33.1 | 32.9 | 32.8 | 122.3 | 723.2 | 723.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 851.2 | 487.2 | 798.6 | 724.5 | 832.8 | 532.8 | 326.4 | 329.6 | 573.9 | 300.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 241.7 | 217.7 | 184.5 | 191.5 | 150.9 | 96.2 | 70.4 | 86.6 | 94.5 | 115.2 |
| Inventory | 6,046.5 | 6,234.1 | 5,545.4 | 5,370.9 | 5,499.5 | 5,332.4 | 3,986.5 | 3,980.6 | 2,959.2 | 3,017.2 |
| Other Current Assets | (1.2) | 537.3 | 451.5 | 568.0 | 745.9 | 394.8 | 230.5 | 212.4 | 207.5 | 248.9 |
| Total Current Assets | 7,138.2 | 7,517.5 | 7,021.3 | 6,900.8 | 7,269.2 | 6,406.7 | 4,662.6 | 4,679.1 | 3,888.6 | 3,740.9 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 319.8 | 600.4 | 573.5 | 556.2 | 470.6 | 296.8 | 162.3 | 144.7 | 56.9 | 43.8 |
| Goodwill | 663.2 | 663.2 | 663.2 | 663.2 | 663.2 | 663.2 | 149.4 | 152.1 | 66.2 | 66.2 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 1.1 | 2.1 | 3.2 |
| Long-Term Investments | 487.0 | 439.7 | 346.2 | 282.9 | 171.4 | 128.0 | 128.8 | 140.5 | 192.4 | 157.9 |
| Other Non-Current Assets | (487.0) | 0 | 0 | 0 | 2.1 | 5.3 | 2.1 | 1.8 | 1.6 | 2.3 |
| Total Non-Current Assets | 1,057.4 | 1,779.6 | 1,650.8 | 1,570.0 | 1,458.5 | 1,331.3 | 583.1 | 585.3 | 437.3 | 480.0 |
| Total Assets | 9,837.8 | 9,297.1 | 8,672.1 | 8,470.7 | 8,727.8 | 7,738.0 | 5,245.7 | 5,264.4 | 4,325.9 | 4,220.9 |
| Current Liabilities | ||||||||||
| Account Payables | 251.6 | 270.3 | 263.5 | 269.8 | 253.3 | 215.0 | 164.6 | 151.6 | 140.2 | 136.6 |
| Short-Term Debt | 82.6 | 0 | 0 | 0 | 31.5 | 0 | 0 | 200 | 0 | 0 |
| Deferred Revenue | 0 | 239.2 | 326.1 | 412.1 | 485.7 | 311.3 | 167.3 | 165.4 | 132.5 | 111.6 |
| Other Current Liabilities | 800.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 1,143.2 | 755.3 | 805.1 | 898.1 | 987.7 | 737.2 | 445.4 | 616.0 | 355.4 | 353.6 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,208.5 | 2,120.5 | 2,017.1 | 2,483.9 | 3,270.6 | 2,928.4 | 1,940.8 | 2,009.6 | 1,498.1 | 1,586.5 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 94.2 | 464.2 | 432.6 | 341.7 | 402.3 | 395.4 | 271.5 | 220.2 | 125.9 | 120.6 |
| Total Non-Current Liabilities | 2,385.3 | 2,663.7 | 2,534.7 | 2,925.7 | 3,769.1 | 3,407.0 | 2,254.6 | 2,229.7 | 1,624.0 | 1,707.1 |
| Total Liabilities | 3,528.5 | 3,419.0 | 3,339.8 | 3,823.9 | 4,756.8 | 4,144.2 | 2,700.0 | 2,845.7 | 1,979.3 | 2,060.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 6,309.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 0 | 4,393.9 | 3,510.5 | 2,741.6 | 1,688.8 | 1,025.8 | 782.4 | 527.7 | 319.8 | 228.6 |
| Accumulated Other Comprehensive Income | 0 | 2.5 | 0.9 | 0.4 | 0.7 | (1.2) | 0.9 | 2.0 | (18.0) | (18.0) |
| Total Stockholders' Equity | 6,309.3 | 5,866.5 | 5,314.9 | 4,630.3 | 3,925.9 | 3,504.5 | 2,537.7 | 2,415.2 | 1,596.1 | 551.8 |
| Total Liabilities & Equity | 9,837.8 | 9,297.1 | 8,672.1 | 8,470.7 | 8,727.8 | 7,738.0 | 5,245.7 | 5,264.4 | 4,325.9 | 4,220.9 |
| Debt Metrics | ||||||||||
| Total Debt | 2,362.6 | 2,199.5 | 2,102.1 | 2,584.0 | 3,398.3 | 3,011.6 | 1,983.1 | 2,209.6 | 1,498.1 | 1,586.5 |
| Net Debt | 1,511.4 | 1,712.3 | 1,303.5 | 1,859.5 | 2,565.5 | 2,478.8 | 1,656.7 | 1,880.0 | 924.1 | 1,286.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 782.5 | 886.6 | 768.9 | 1,056.2 | 682.4 | 249.5 | 254.9 | 210.5 | 176.7 | 206.6 |
| Depreciation & Amortization | 40.2 | 41.2 | 33.4 | 33.8 | 40.0 | 37.3 | 31.4 | 26.4 | 4.0 | 4.0 |
| Stock-Based Compensation | 0 | 22.5 | 26.1 | 26.9 | 19.9 | 32.1 | 14.8 | 21.1 | 11.6 | 10.9 |
| Change in Working Capital | (182.7) | (848.1) | (48.8) | (180.5) | (495.6) | 714.2 | 53.1 | (197.6) | 102.9 | 116.3 |
| Other Non-Cash Items | 205.9 | 116.4 | 26.7 | 87.7 | 43.1 | 39.5 | 36.4 | 30.7 | 2.7 | 8.0 |
| Operating Cash Flow | 847.7 | 210.1 | 806.2 | 1,107.8 | 376.6 | 1,123.3 | 393.2 | 135.6 | 386.2 | 372.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (40.4) | (36.3) | (33.4) | (30.6) | (21.2) | (37.8) | (30.1) | (20.5) | (3.4) | (1.9) |
| Acquisitions | 0 | 0 | (64.6) | (109.6) | (75.0) | (315.1) | (12.8) | (196.3) | (36.7) | (85.2) |
| Purchases of Investments | (146.2) | 0 | 0 | (109.6) | (10) | (36.1) | (12.8) | (3.4) | (36.7) | (32.4) |
| Sales/Maturities of Investments | 1.4 | 0 | 0 | 109.6 | 0 | 36.1 | 12.8 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (100.1) | 0.8 | 125.3 | 31.9 | 40.1 | 23.6 | 57.0 | 4.1 | 5.7 |
| Investing Cash Flow | (185.2) | (136.4) | (97.2) | (14.9) | (74.3) | (312.8) | (19.3) | (159.7) | (36.0) | (81.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 86.5 | (32.5) | (517.6) | (796.4) | 322.5 | (451.6) | (224.0) | 120.3 | (74.6) | (84.5) |
| Stock Repurchased | (381.0) | (347.6) | (128.0) | (376.3) | (281.4) | (103.3) | (157.4) | (1,108.4) | (1,118.4) | (28.5) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (3.5) | (13.5) | 17.0 | (29.9) | (41.2) | (50.0) | 4.3 | 1.4 | 4.6 | (4.3) |
| Financing Cash Flow | (298.5) | (393.6) | (628.5) | (1,202.6) | (0.2) | (604.9) | (377.2) | (219.5) | (76.5) | (117.3) |
| Cash Position | ||||||||||
| Net Change in Cash | 364.1 | (319.9) | 80.5 | (109.7) | 302.2 | 205.5 | (3.3) | (243.6) | 273.7 | 174.0 |
| Cash at Beginning | 487.2 | 807.1 | 726.6 | 836.3 | 534.1 | 328.6 | 331.9 | 575.5 | 301.8 | 126.2 |
| Cash at End | 851.2 | 487.2 | 807.1 | 726.6 | 836.3 | 534.1 | 328.6 | 331.9 | 575.5 | 300.2 |
| Free Cash Flow | 807.4 | 173.7 | 772.7 | 1,077.2 | 355.4 | 1,085.5 | 363.1 | 115.1 | 382.8 | 370.7 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 8,121.5 | 8,168.1 | 7,417.8 | 8,224.9 | 7,501.3 | 6,129.3 | 4,762.1 | 4,227.4 | 3,885.3 | 3,550.0 | 2,976.8 | 2,708.4 | 1,916.1 | 1,041.2 | 1,370.2 | 1,297.9 |
| Gross Profit | 1,870.2 | 2,013.8 | 1,794.9 | 2,117.2 | 1,556.5 | 1,064.3 | 867.2 | 787.1 | 738.9 | 680.3 | 567.9 | 566.2 | 415.9 | 206.6 | 279.7 | 277.4 |
| Operating Income | 1,135.2 | 1,243.4 | 1,096.2 | 1,474.0 | 888.2 | 491.9 | 376.9 | 370.1 | 348.5 | 318.5 | 274.0 | 316.2 | 211.2 | 94.4 | 134.7 | 126.0 |
| Net Income | 782.5 | 883.3 | 768.9 | 1,052.8 | 663.0 | 243.4 | 254.7 | 206.4 | 91.2 | 52.6 | 61.0 | 71.5 | 45.4 | 430.8 | 71.5 | 87.4 |
| EPS (Diluted) | 7.77 | 8.27 | 6.98 | 9.06 | 5.18 | 1.88 | 2.35 | 1.79 | 1.47 | 1.69 | 1.85 | 2.17 | 1.38 | 0.60 | 0.10 | 0.12 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 851.2 | 487.2 | 798.6 | 724.5 | 832.8 | 532.8 | 326.4 | 329.6 | 573.9 | 300.2 | ||||||
| Total Assets | 9,837.8 | 9,297.1 | 8,672.1 | 8,470.7 | 8,727.8 | 7,738.0 | 5,245.7 | 5,264.4 | 4,325.9 | 4,220.9 | ||||||
| Total Debt | 2,362.6 | 2,199.5 | 2,102.1 | 2,584.0 | 3,398.3 | 3,011.6 | 1,983.1 | 2,209.6 | 1,498.1 | 1,586.5 | ||||||
| Stockholders' Equity | 6,309.3 | 5,866.5 | 5,314.9 | 4,630.3 | 3,925.9 | 3,504.5 | 2,537.7 | 2,415.2 | 1,596.1 | 551.8 | ||||||
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | 847.7 | 210.1 | 806.2 | 1,107.8 | 376.6 | 1,123.3 | 393.2 | 135.6 | 386.2 | 372.6 | ||||||
| Capital Expenditure | (40.4) | (36.3) | (33.4) | (30.6) | (21.2) | (37.8) | (30.1) | (20.5) | (3.4) | (1.9) | ||||||
| Free Cash Flow | 807.4 | 173.7 | 772.7 | 1,077.2 | 355.4 | 1,085.5 | 363.1 | 115.1 | 382.8 | 370.7 | ||||||