Beazer Homes USA, Inc. (BZH) Balance Sheet
BZH balance sheet, FY2025
September 30, 2025 · U.S. dollars$2.61B assets = $1.36B liabilities + $1.25B equity
Both columns are drawn to the same scale: what BZH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BZH financial health
Descriptive bands, not a rating. Fiscal FY2025.
BZH balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.21BFY2016 | $2.61BFY2025 | +1.8%/yr | |
| Total liabilities | $1.57BFY2016 | $1.36BFY2025 | −1.6%/yr | |
| Shareholders’ equity | $642.9MFY2016 | $1.25BFY2025 | +7.7%/yr | |
| Cash & short-term investments | $228.9MFY2016 | $214.7MFY2025 | −0.7%/yr | |
| Total debt | $1.33BFY2016 | $1.06BFY2025 | −2.6%/yr | |
| Net cash (debt) | −$1.10BFY2016 | −$842.2MFY2025 | +$262.6M | |
| Working capital | $1.66BFY2016 | $2.12BFY2025 | +$464.9M | |
| Book value per share | $20.21FY2016 | $41.61FY2025 | +8.4%/yr | |
| Debt / equity | 2.07FY2016 | 0.85FY2025 | −1.23 | |
| Shares outstanding | 31.8MFY2016 | 30.0MFY2025 | −0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BZH assets
BZH liabilities and equity
BZH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BZH balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $214.7M | $203.9M | $345.6M | $214.6M | $246.7M | $342.5M | $106.7M | $139.8M | $292.1M | $228.9M |
| Cash & equivalents | $214.7M | $203.9M | $345.6M | $214.6M | $246.7M | $342.5M | $106.7M | $139.8M | $292.1M | $228.9M |
| Short-term investments | — | — | — | $964,000 | — | — | — | $13.4M | $12.5M | $14.4M |
| Receivables | $78.1M | $65.4M | $45.6M | $45.5M | $35.6M | $29.1M | $31.3M | $24.6M | $36.4M | $53.5M |
| Inventory | $2.03B | $2.04B | $1.76B | $1.74B | $1.50B | $1.35B | $1.50B | $1.69B | $1.54B | $1.57B |
| Other current assets | $3.9M | $38.7M | $40.7M | $37.2M | $27.4M | $0 | $16.1M | $13.4M | $12.5M | $14.4M |
| Total current assets | $2.33B | $2.35B | $2.19B | $2.04B | $1.81B | $1.72B | $1.66B | $1.87B | $1.88B | $1.87B |
| Property, plant & equipment (net) | $82.9M | $57.0M | $48.5M | $34.4M | $35.2M | $35.4M | $27.4M | $20.8M | $17.6M | $19.1M |
| Goodwill & intangible assets | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $19.5M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $964,000 | $4.5M | $4.0M | $4.0M | $4.0M | $4.0M | $10.5M |
| Other non-current assets | $189.3M | $174.5M | $163.0M | $170.1M | $216.4M | $234.4M | $256.5M | $213.5M | $315.6M | $317.5M |
| Total assets | $2.61B | $2.59B | $2.41B | $2.25B | $2.08B | $2.01B | $1.96B | $2.13B | $2.22B | $2.21B |
| Liabilities | ||||||||||
| Accounts payable | $143.5M | $164.4M | $154.3M | $143.6M | $133.4M | $132.2M | $131.2M | $126.4M | $103.5M | $104.2M |
| Short-term debt | $0 | $0 | $4.1M | $3.8M | $51.5M | $4.6M | $0 | $710,000 | $81.5M | $1.7M |
| Deferred revenue | $14.3M | $18.7M | $27.6M | $34.3M | $28.5M | $18.9M | $11.5M | $14.9M | $11.7M | $12.1M |
| Total current liabilities | $204.5M | $230.8M | $227.7M | $210.8M | $133.4M | $272.8M | $131.2M | $126.4M | $103.5M | $209.3M |
| Long-term debt | $1.03B | $1.03B | $978.0M | $983.4M | $1.05B | $1.13B | $1.18B | $1.23B | $1.33B | $1.33B |
| Lease obligations | $27.8M | $19.8M | $19.0M | $11.2M | $14.2M | $15.3M | — | — | — | — |
| Other long-term liabilities | $127.2M | $103.2M | $102.5M | $118.5M | $166.5M | $10.7M | $109.4M | $126.4M | $107.7M | $29.1M |
| Total liabilities | $1.36B | $1.36B | $1.31B | $1.31B | $1.35B | $1.41B | $1.42B | $1.48B | $1.54B | $1.57B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $30,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $34,000 | $34,000 | $33,000 |
| Retained earnings (deficit) | $423.8M | $378.2M | $238.0M | $79.4M | −$141.3M | −$263.3M | −$315.6M | −$236.0M | −$190.7M | −$222.5M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | — | — | — | — | $0 | $0 | $0 | −$34.4M | −$40.0M | −$39.5M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $1.25B | $1.23B | $1.10B | $939.3M | $724.9M | $593.2M | $538.8M | $644.0M | $682.4M | $642.9M |
| Key figures | ||||||||||
| Total debt | $1.06B | $1.05B | $997.0M | $994.6M | $1.11B | $1.15B | $1.18B | $1.23B | $1.41B | $1.33B |
| Net cash (debt) | −$842.2M | −$841.2M | −$651.4M | −$780.1M | −$858.8M | −$803.6M | −$1.07B | −$1.09B | −$1.12B | −$1.10B |
| Working capital | $2.12B | $2.12B | $1.96B | $1.82B | $1.68B | $1.45B | $1.53B | $1.74B | $1.78B | $1.66B |
| Tangible book value | $1.24B | $1.22B | $1.09B | $927.9M | $713.5M | $581.8M | $527.4M | $624.5M | $682.4M | $642.9M |
| Book value per share | $41.61 | $39.81 | $35.87 | $30.50 | $23.82 | $19.81 | $17.60 | $20.04 | $21.05 | $20.21 |
| Shares outstanding | 30.0M | 31.0M | 30.7M | 30.8M | 30.4M | 29.9M | 30.6M | 32.1M | 32.4M | 31.8M |
| Current ratio | 11.38 | 10.17 | 9.61 | 9.66 | 13.58 | 6.31 | 12.64 | 14.79 | 18.20 | 8.91 |
| Quick ratio | 1.43 | 1.17 | 1.72 | 1.23 | 2.12 | 1.36 | 1.05 | 1.30 | 3.17 | 1.35 |
| Debt / equity | 0.85 | 0.85 | 0.90 | 1.06 | 1.53 | 1.93 | 2.19 | 1.91 | 2.06 | 2.07 |
| Equity / assets | 47.9% | 47.5% | 45.7% | 41.7% | 34.9% | 29.5% | 27.5% | 30.3% | 30.7% | 29.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $124.6M | $116.4M | $120.8M | $214.7M | $90.4M | $85.1M | $80.4M | $203.9M | $73.2M | $132.9M | $104.2M | $345.6M |
| Cash & equivalents | $124.6M | $116.4M | $120.8M | $214.7M | $90.4M | $85.1M | $80.4M | $203.9M | $73.2M | $132.9M | $104.2M | $345.6M |
| Receivables | $96.6M | $87.2M | $92.8M | $78.1M | $77.7M | $67.9M | $70.7M | $65.4M | $66.2M | $54.5M | $65.3M | $45.6M |
| Inventory | $2.37B | $2.25B | $2.14B | $2.03B | $2.29B | $2.23B | $2.16B | $2.04B | $2.17B | $2.06B | $1.95B | $1.76B |
| Other current assets | $5.7M | $4.0M | $0 | $3.9M | $0 | $23.4M | $39.1M | $38.7M | $35.2M | $32.5M | $34.1M | $40.7M |
| Total current assets | $2.60B | $2.46B | $2.35B | $2.33B | $2.46B | $2.41B | $2.35B | $2.35B | $2.35B | $2.28B | $2.16B | $2.19B |
| Property, plant & equipment (net) | $84.8M | $83.1M | $109.7M | $82.9M | $63.7M | $60.3M | $57.9M | $57.0M | $57.3M | $52.7M | $51.1M | $48.5M |
| Goodwill & intangible assets | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M | $11.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $212.1M | $202.6M | $164.4M | $189.3M | $177.1M | $173.4M | $177.0M | $174.5M | $179.3M | $174.0M | $169.8M | $163.0M |
| Total assets | $2.90B | $2.76B | $2.64B | $2.61B | $2.71B | $2.65B | $2.60B | $2.59B | $2.59B | $2.52B | $2.39B | $2.41B |
| Liabilities | ||||||||||||
| Accounts payable | $177.3M | $157.0M | $120.1M | $143.5M | $184.5M | $184.4M | $151.7M | $164.4M | $188.9M | $168.7M | $154.6M | $154.3M |
| Short-term debt | — | — | $6.6M | $8.7M | $1.2M | $2.3M | $0 | $0 | $1.1M | $2.2M | $2.2M | $4.1M |
| Deferred revenue | — | $21.1M | — | $14.3M | — | — | — | — | $26.6M | $28.7M | $27.0M | $27.6M |
| Total current liabilities | $177.3M | $240.2M | $216.3M | $257.0M | $276.1M | $254.2M | $214.5M | $164.4M | $253.8M | $242.6M | $220.7M | $227.7M |
| Long-term debt | $1.41B | $1.23B | $1.13B | $1.03B | $1.14B | $1.08B | $1.07B | $1.03B | $1.07B | $1.02B | $974.6M | $978.0M |
| Lease obligations | $26.3M | $25.4M | $27.1M | $27.8M | $18.8M | $18.7M | $19.6M | $19.8M | $20.6M | $17.5M | $18.3M | $19.0M |
| Other long-term liabilities | $26.3M | $120.5M | $98.1M | $74.7M | $76.0M | $90.3M | $80.7M | $169.7M | $93.0M | $87.9M | $73.1M | $102.5M |
| Total liabilities | $1.76B | $1.59B | $1.44B | $1.36B | $1.50B | $1.43B | $1.37B | $1.36B | $1.42B | $1.35B | $1.27B | $1.31B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $27,000 | $28,000 | $30,000 | $30,000 | $30,000 | $30,000 | $31,000 | $31,000 | $31,000 | $32,000 | $32,000 | $31,000 |
| Retained earnings (deficit) | $386.0M | $390.3M | $391.2M | $423.8M | $393.8M | $394.1M | $381.3M | $378.2M | $326.1M | $298.9M | $259.7M | $238.0M |
| Accumulated other comprehensive income | — | — | — | — | — | $0 | — | — | $0 | $0 | $0 | — |
| Total shareholders' equity | $1.15B | $1.17B | $1.20B | $1.25B | $1.22B | $1.23B | $1.23B | $1.23B | $1.18B | $1.16B | $1.12B | $1.10B |
| Key figures | ||||||||||||
| Total debt | $1.44B | $1.25B | $1.17B | $1.08B | $1.16B | $1.10B | $1.09B | $1.05B | $1.09B | $1.04B | $992.9M | $997.0M |
| Net cash (debt) | −$1.31B | −$1.13B | −$1.05B | −$861.2M | −$1.07B | −$1.02B | −$1.01B | −$841.2M | −$1.02B | −$908.0M | −$888.7M | −$651.4M |
| Working capital | $2.42B | $2.22B | $2.14B | $2.07B | $2.18B | $2.16B | $2.14B | $2.18B | $2.09B | $2.03B | $1.94B | $1.96B |
| Tangible book value | $1.14B | $1.16B | $1.19B | $1.24B | $1.21B | $1.22B | $1.22B | $1.22B | $1.17B | $1.15B | $1.11B | $1.09B |
| Book value per share | $43.27 | $41.83 | $41.49 | $42.57 | $41.34 | $40.58 | $40.07 | $39.81 | $38.09 | $37.31 | $36.18 | $35.53 |
| Shares outstanding | 26.5M | 28.0M | 28.9M | 29.3M | 29.4M | 30.3M | 30.8M | 31.0M | 30.9M | 31.1M | 31.0M | 31.0M |
| Current ratio | 14.64 | 10.24 | 10.89 | 9.05 | 8.91 | 9.48 | 10.98 | 14.29 | 9.24 | 9.39 | 9.77 | 9.61 |
| Quick ratio | 1.25 | 0.85 | 0.99 | 1.14 | 0.61 | 0.60 | 0.70 | 1.64 | 0.55 | 0.77 | 0.77 | 1.72 |
| Debt / equity | 1.25 | 1.07 | 0.98 | 0.86 | 0.95 | 0.90 | 0.88 | 0.85 | 0.93 | 0.90 | 0.89 | 0.90 |
| Equity / assets | 39.5% | 42.5% | 45.5% | 47.9% | 44.9% | 46.3% | 47.5% | 47.5% | 45.4% | 46.2% | 46.9% | 45.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 13, 2025); data from EODHD.
BZH financial position
At the end of fiscal 2025 (September 30, 2025), Beazer Homes USA had total assets of $2.6 billion (up 0.7% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of $1.2 billion. It held $214.7 million in cash and short-term investments against $1.1 billion of debt, net debt of $842.2 million. Its current ratio was 11.38. In the latest quarter (ended June 30, 2026) total assets were $2.9 billion and equity $1.1 billion.
Related: BZH income statement, BZH cash flow statement, BZH key metrics. See the BZH stock overview for the latest quote and news.
BZH balance sheet FAQ
What are Beazer Homes USA's total assets?
Beazer Homes USA reported total assets of $2.6 billion at the end of fiscal 2025 (September 30, 2025), compared with $2.6 billion a year earlier.
How much debt does Beazer Homes USA have?
Beazer Homes USA had $1.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.85.
How much cash does Beazer Homes USA have?
Beazer Homes USA held $214.7 million in cash and short-term investments at the end of fiscal 2025; with $1.1 billion of debt that is net debt of $842.2 million.
What is Beazer Homes USA's book value?
Beazer Homes USA's shareholders' equity (book value) was $1.2 billion at the end of fiscal 2025, or $41.61 per share.
What is Beazer Homes USA's current ratio?
Beazer Homes USA had current assets of $2.3 billion and current liabilities of $204.5 million, a current ratio of 11.38 (it can cover its short-term obligations).
How much goodwill does Beazer Homes USA have?
Beazer Homes USA carried $11.4 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.