Hovnanian Enterprises, Inc. (HOV) Income Statement
HOV FY2025 at a glance
Fiscal year ended October 31, 2025 · U.S. dollarsHOV revenue and net income
Where HOV's revenue goes
FY2025Each bar shows an amount and its share of revenue. HOV kept 2.1% of revenue as net income.
HOV profit margins
HOV growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.9% | +0.6% | +4.9% | +3.3% |
| Gross profit | −30.1% | −13.2% | +2.5% | +2.7% |
| Operating income | −72.7% | −41.1% | −12.8% | +0.6% |
| Net income | −73.6% | −34.3% | +4.6% | — |
| EPS (diluted) | −65.7% | −28.2% | +9.9% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HOV quarterly EPS vs estimates
Hovnanian Enterprises beat the analyst EPS estimate in 6 of the last 7 quarters. Next report: December 3, 2026 (estimate $2.80).
HOV income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.98B | $3.00B | $2.76B | $2.92B | $2.78B | $2.34B | $2.02B | $1.99B | $2.45B | $2.75B |
| Cost of revenue | $2.56B | $2.40B | $2.18B | $2.28B | $2.24B | $1.97B | $1.72B | $1.67B | $2.10B | $2.39B |
| Gross profit | $420.7M | $601.8M | $580.1M | $643.4M | $540.8M | $372.2M | $298.6M | $325.4M | $351.2M | $358.9M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $349.8M | $342.2M | $304.8M | $296.2M | $276.6M | $241.8M | $233.1M | $228.8M | $255.7M | $253.1M |
| Total operating expenses | $349.8M | $342.2M | $304.8M | $296.2M | $276.6M | $372.2M | $234.7M | $230.4M | $257.2M | $258.0M |
| Operating income | $70.8M | $259.6M | $276.9M | $347.3M | $264.2M | $140.6M | $88.7M | $115.8M | $82.7M | $93.0M |
| Interest income | $45.0M | $28.4M | $51.6M | $60.7M | $113.0M | $127.3M | $97.6M | $114.4M | $136.7M | $132.5M |
| Interest expense | $35.4M | $30.8M | $54.1M | $47.3M | $77.7M | $103.8M | $90.1M | $103.3M | $97.3M | $91.0M |
| Income before taxes | $86.1M | $317.1M | $256.0M | $319.8M | $189.9M | $55.4M | −$39.7M | $8.1M | −$45.2M | $2.4M |
| Income taxes | $22.2M | $75.1M | $50.1M | $94.3M | −$418.0M | $4.5M | $2.4M | $3.6M | $286.9M | $5.3M |
| Net income | $63.9M | $242.0M | $205.9M | $225.5M | $607.8M | $50.9M | −$42.1M | $4.5M | −$332.2M | −$2.8M |
| EBITDA | $135.4M | $355.6M | $283.7M | $372.6M | $272.9M | $164.5M | $74.4M | $101.6M | $54.1M | $80.0M |
| EPS (diluted) | $10.91 | $31.83 | $27.16 | $29.52 | $86.53 | $6.81 | $0.41 | $1.01 | $0.52 | $3.72 |
| Gross margin | 14.1% | 20.0% | 21.0% | 22.0% | 19.4% | 15.9% | 14.8% | 16.3% | 14.3% | 13.0% |
| Operating margin | 2.4% | 8.6% | 10.0% | 11.9% | 9.5% | 6.0% | 4.4% | 5.8% | 3.4% | 3.4% |
| Net margin | 2.1% | 8.1% | 7.5% | 7.7% | 21.8% | 2.2% | −2.1% | 0.2% | −13.5% | −0.1% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $705.7M | $667.6M | $632.0M | $817.9M | $800.6M | $686.5M | $673.6M | $979.6M | $722.7M | $708.4M | $594.2M | $887.0M |
| Cost of revenue | $613.1M | $569.1M | $19.0M | $717.7M | $693.9M | $579.2M | $567.1M | $783.4M | $585.1M | $565.3M | $480.9M | $674.0M |
| Gross profit | $92.6M | $98.5M | $612.9M | $100.2M | $106.7M | $107.3M | $106.5M | $196.2M | $137.6M | $143.1M | $113.3M | $213.0M |
| Sales, general & admin | $9.2M | $84.0M | $84.0M | $91.5M | $90.8M | $80.6M | $86.9M | $87.7M | $89.5M | $79.0M | $86.1M | $147.3M |
| Total operating expenses | $87.4M | $84.0M | $50.3M | $91.5M | $90.8M | $80.6M | $86.9M | $87.7M | $89.5M | $79.0M | $86.1M | $213.0M |
| Operating income | $5.2M | $14.5M | $562.7M | $8.6M | $15.9M | $26.7M | $19.6M | $108.6M | $48.1M | $64.1M | $27.2M | −$1.38B |
| Interest income | — | — | $22.0M | $11.9M | $6.4M | $13.0M | $13.7M | $3.7M | — | — | — | — |
| Interest expense | $11.4M | $12.5M | $12.2M | $9.6M | $7.1M | $9.1M | $9.5M | $5.1M | $6.3M | $9.0M | $10.5M | $11.0M |
| Income before taxes | −$2.8M | $339,000 | $28.7M | −$4.1M | $23.8M | $26.5M | $39.9M | $117.9M | $97.3M | $69.4M | $32.6M | $121.4M |
| Income taxes | −$560,000 | $934,000 | $7.8M | −$3.4M | $7.2M | $6.8M | $11.7M | $23.5M | $24.4M | $18.6M | $8.7M | $24.1M |
| Net income | −$1.8M | −$284,000 | $20.9M | −$667,000 | $16.6M | $19.7M | $28.2M | $94.3M | $72.9M | $50.8M | $23.9M | $97.3M |
| EBITDA | $8.9M | $16.4M | $44.1M | $10.9M | $34.1M | $38.7M | $51.7M | $125.0M | $105.6M | $80.4M | $44.6M | $134.0M |
| EPS (diluted) | −$0.70 | −$0.46 | $2.62 | $0.81 | $3.65 | $2.74 | $3.71 | $12.51 | $9.75 | $6.66 | $2.91 | $13.05 |
| Gross margin | 13.1% | 14.8% | 97.0% | 12.2% | 13.3% | 15.6% | 15.8% | 20.0% | 19.0% | 20.2% | 19.1% | 24.0% |
| Operating margin | 0.7% | 2.2% | 89.0% | 1.1% | 2.0% | 3.9% | 2.9% | 11.1% | 6.7% | 9.0% | 4.6% | −155.6% |
| Net margin | −0.3% | −0.0% | 3.3% | −0.1% | 2.1% | 2.9% | 4.2% | 9.6% | 10.1% | 7.2% | 4.0% | 11.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HOV's financial statements (latest annual report filed December 22, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HOV financial results
In fiscal year 2025 (ended October 31, 2025), Hovnanian Enterprises reported revenue of $3.0 billion, down 0.9% from the year before. It had net income of $63.9 million (down 73.6%), a net profit margin of 2.1%. Diluted earnings per share came to $10.91. Over five years revenue grew at an average rate of 4.9% a year.
See the HOV stock overview for the latest quote and news, or the HOV chart for price history and technical indicators.
HOV income statement FAQ
What is Hovnanian Enterprises's annual revenue?
Hovnanian Enterprises reported total revenue of $3.0 billion for fiscal year 2025, which ended on October 31, 2025. That was down 0.9% from $3.0 billion the previous year.
Is Hovnanian Enterprises profitable?
Yes. Hovnanian Enterprises reported net income of $63.9 million in fiscal 2025, a net profit margin of 2.1%; its operating margin was 2.4%.
What is Hovnanian Enterprises's gross margin?
Hovnanian Enterprises's gross margin was 14.1% in fiscal 2025: for every $100 of revenue, Hovnanian Enterprises kept $14 after the direct cost of its products and services.
How fast is Hovnanian Enterprises growing?
Revenue grew 4.9% a year on average over the last five fiscal years, from $2.3 billion to $3.0 billion.
What are Hovnanian Enterprises's earnings per share?
Hovnanian Enterprises earned $10.91 per diluted share in fiscal 2025, compared with $31.83 a year earlier.
When will Hovnanian Enterprises report its next earnings?
Hovnanian Enterprises is expected to report results for the quarter ending October 31, 2026 on December 3, 2026 before the market opens.
When does Hovnanian Enterprises's fiscal year end?
Hovnanian Enterprises's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on December 22, 2025.