Symbols

HOV

Hovnanian Enterprises·NYSE

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HOV fundamentals

HOV Q1 2026 Earnings

Hovnanian Enterprises (HOV) released its earnings on Feb 25, 2026: revenue was 631.95M (YoY -6.19%), beat estimates; EPS was 2.62 (YoY -26.82%), beat estimates.

Revenue / YoY

631.95M

-6.19%

EPS / YoY

2.62

-26.82%

Report date

Feb 25, 2026

HOV Earnings Call Summary for Q1,2026

Revenue Resilience: $632M Q1 revenue near high end of guidance, driven by 13.4% adjusted gross margin despite 12.6% incentives.
Inventory Efficiency: QMI homes down 30% YoY to 742, with 71% of sales QMIs vs. 79% prior. 41% of homes delivered sold and closed in same quarter.
Margin Improvement Path: To-be-built homes now 29% of sales (vs. 21%), yielding 780bps higher margins. H2 2026 gross margins expected to improve with new communities.
Financial Strength: $471M liquidity, net debt-to-capital 41.4%, all debt unsecured post-refinancing.
Strategic Shifts: Moving away from entry-level periphery to move-up/A/B locations and active adult communities. 86% of lots via options, highest in industry.

Earnings

EPS

Revenue

Revenue & Expenses

HOV has released its 2026 Q1 earnings report, with revenue of 631.95M, reflecting a YoY change of -6.19%, and net profit of 20.86M, showing a YoY change of -26.01%. The Sankey diagram below clearly presents HOV's revenue sources and cost distribution.

Key Indicators

Hovnanian Enterprises (HOV) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Hovnanian Enterprises (HOV)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

Hovnanian Enterprises (HOV)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

Hovnanian Enterprises (HOV)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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