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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.
The business is unprofitable at the operating level (-0.01% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 12.3% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 240% versus the prior year, cash generation momentum has weakened. ROIC dropped from 2.61% to -0.01%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$407M
▼ -12.3% YoY
Net Income (TTM)
-$16M
▼ -134.6% YoY
Op. Margin
-0.01%
▼ -1.1pp YoY
ROIC
-0.01%
▼ -2.6pp YoY
Cash Flow & Balance Sheet
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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