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Hovnanian Enterprises, Inc. HOV Home Building — Cost of Goods Sold

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Other financials

Income statement

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Revenue$667.6M-2.7%
Net income-$284.0K-101%
EPS (diluted)-$0.46-119%

Balance sheet

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Cash & equivalents$8.8M-28.5%
Total debt$942.7M+6.2%
Total equity$824.9M+0.6%
Total assets$2.8B+10.8%

Cash flow

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Operating cash flow$140.9M+352%
CapEx$3.4M-46.9%
Free cash flow$132.1M+322%

Valuation

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Market cap$807.34M+3.6%
Enterprise value$1.74B+5.2%
P/E21.7×+16.8×
P/S0.3×0.0×

Profitability

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Net margin1.3%-5.8pp
FCF margin12.2%+10.9pp

Returns & leverage

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Return on equity4.5%-24.8pp
Debt / equity1.1×+0.1×

Where this comes from

Reported directly by Hovnanian Enterprises, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Hovnanian Enterprises, Inc.’s 10-Q, filed June 2, 2026.

Filed
Jun 2, 2026, 4:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001753926-26-000964
Line itemThree Months Ended April 30, 2026Three Months Ended April 30, 2025Six Months Ended April 30, 2026Six Months Ended April 30, 2025
Cost of sales, excluding interest531,061543,2891,040,6921,076,579
Cost of sales interest15,96619,93832,55739,294
Inventory impairments and land option write-offs8,7503,05611,1094,096
Total cost of sales555,777566,2831,084,3581,119,969
Selling, general and administrative56,99851,064107,279105,317
Total homebuilding expenses612,775617,3471,191,6371,225,286
Financial services13,36112,89126,59626,328
Corporate general and administrative26,99929,50060,71762,192

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FAQ

What is Hovnanian Enterprises, Inc.'s home building — cost of goods sold?
Hovnanian Enterprises, Inc. (HOV) reported home building — cost of goods sold of $555.78M in Q1 2026.
How has Hovnanian Enterprises, Inc.'s home building — cost of goods sold changed year-over-year?
Hovnanian Enterprises, Inc.'s home building — cost of goods sold decreased by 1.9% year-over-year, from $566.28M to $555.78M.
What is the long-term trend for Hovnanian Enterprises, Inc.'s home building — cost of goods sold?
Over 3 years (2022 to 2025), Hovnanian Enterprises, Inc.'s home building — cost of goods sold has grown at a 3.8% compound annual growth rate (CAGR), from $2.24B to $2.5B.
What does home building — cost of goods sold mean?
This represents the total direct costs incurred to design, construct, and deliver homes, including materials, labor, and capitalized interest. It is a primary measure of the direct production efficiency of the homebuilding segment. Analyzing this metric relative to revenue provides insight into the gross margin performance and cost control capabilities of the homebuilding operations.

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