United Homes Group, Inc.

UHG

United Homes Group, Inc.

UHG/Operative Builders/DE

Unless the context otherwise requires, for purposes of this section, the terms we, us, the Company or UHG refer to United Homes Group, Inc. and its subsidiaries. Overview UHG designs, builds and sells homes in high growth markets, including South Carolina, North Carolina, and Georgia.

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ProfitabilityUnprofitable GrowthDeclining Cash FlowCash burn ValuationN/A

What stands out

The business is unprofitable at the operating level (-0.01% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.

What's changing

Revenue declined 12.3% YoY. The question is whether this is cyclical or a structural shift.

What deserves caution

Free cash flow declined 240% versus the prior year, cash generation momentum has weakened. ROIC dropped from 2.38% to -0.01%, capital efficiency is deteriorating.

Profitability & Returns

TTM as of 2025-12 · YoY vs prior year · ROIC = NOPAT / invested capital

Revenue (TTM)

$407M

▼ -12.3% YoY

Net Income (TTM)

-$16M

▼ -134.6% YoY

Op. Margin

-0.01%

▼ -1.1pp YoY

ROIC

-0.01%

▼ -2.4pp YoY

Cash Flow & Balance Sheet

FCF = operating cash flow + capex · Net debt = total debt − cash · Balance sheet from latest filing

FCF (TTM)

-$22M

▼ -240.3% YoY

Op. Cash Flow (TTM)

-$20M

▼ -226.8% YoY

Net Debt

$123M

Cash & Equiv.

$24M

3Y CAGR: -5.2%

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Quality Scorecard

Is this a high-quality business?

Dividends

Payout safety and growth

DCF Valuation

What is it worth?

Financials

Full income, cash flow, balance sheet

SourceComputed from the 10-Q filed 13 Mar 2026, covering the period ending 31 Dec 2025, as reported to the SEC. Data last refreshed 28 Sept 2026. How this is calculated.

Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.

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Spot a number that looks wrong? Check it in UHG's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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