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Company Overview We design, build and sell homes primarily in high-growth markets using our asset-light lot acquisition strategy. Our primary focus is on constructing and selling single-family homes across entry-level, first-time move-up, second-time move-up and active adult homes.
Revenue declined 2.9% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$126M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$4.22B
▼ -2.9% YoY
Net Income (TTM)
$176M
▼ -35.2% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
-$133M
▲ +55.2% YoY
Op. Cash Flow (TTM)
-$105M
▲ +60.8% YoY
Net Debt
$1.45B
Cash & Equiv.
$435M
5Y CAGR: +30.7%
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