Beazer Homes is a nationally recognized homebuilder committed to building homes and communities designed with the intention of inspiring sustainable and healthier living. With personalized options and expert guidance, we empower homebuyers with competitive mortgage choices and energy saving features that make homeownership more attainable.
Operating margin is thin at 1.54%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 1.8%, essentially flat. Margins also contracted 4.6pp. This is a business that needs a catalyst.
ROIC dropped from 10.46% to 2.29%, capital efficiency is deteriorating. Operating margin contracted 4.6pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$2.31B
▲ +1.8% YoY
Net Income (TTM)
$42M
▼ -67.5% YoY
Op. Margin
0.67%
▼ -4.6pp YoY
ROIC
0.99%
▼ -8.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$97M
▲ +102.2% YoY
Op. Cash Flow (TTM)
$128M
▲ +123.3% YoY
Net Debt
-$95M
Net Cash Position
Cash & Equiv.
$120M
5Y CAGR: +2.2%
5Y CAGR: -58.4%
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