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Hovnanian Enterprises, Inc. HOV Southeast — Land Option Write Offs

Other geography segments

West
$9.3M+3,000%
Northeast
$4.3M+975%

Similar metrics at other companies

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BZHSoutheast — Land held for sale
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TOLSouth — Inventory write-down
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BZHSoutheast — Home construction and land sales expenses
$62.83M+6.4%
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BZHSoutheast — Land held for future development
$5.12M0.0%

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$831.36M+50.5%
Enterprise value$1.77B+23.6%
P/E22.4×+19.8×
P/S0.3×+0.1×

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 hov:LandOptionWriteOffs.

The official record: Hovnanian Enterprises, Inc.’s 10-K, filed December 22, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hovnanian Enterprises, Inc.'s southeast — land option write offs?
Hovnanian Enterprises, Inc. (HOV) reported southeast — land option write offs of $1.15M in Q3 2025.
How has Hovnanian Enterprises, Inc.'s southeast — land option write offs changed year-over-year?
Hovnanian Enterprises, Inc.'s southeast — land option write offs increased by 411.1% year-over-year, from $225K to $1.15M.
What is the long-term trend for Hovnanian Enterprises, Inc.'s southeast — land option write offs?
Over 4 years (2021 to 2025), Hovnanian Enterprises, Inc.'s southeast — land option write offs has grown at a 119.0% compound annual growth rate (CAGR), from $200K to $4.6M.
What does southeast — land option write offs mean?
Reflects the financial loss incurred when the company decides not to exercise options to purchase land parcels within the Southeast region. This expense indicates a strategic shift in development plans or a reassessment of the viability of specific land acquisition projects. High levels of write-offs may signal management's caution regarding market conditions or project profitability.