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Taylor Morrison

TMHC Q2 2025 Earnings

Reported Jul 23, 2025 at 6:20 AM ET · SEC Source

Q2 25 EPS

$2.02

BEAT +3.31%

Est. $1.96

Q2 25 Revenue

$2.03B

BEAT +4.95%

Est. $1.93B

vs S&P Since Q2 25

-5.9%

TRAILING MARKET

TMHC +9.9% vs S&P +15.8%

Market Reaction

Did TMHC Beat Earnings? Q2 2025 Results

Taylor Morrison posted a solid second quarter, beating Wall Street expectations on both the top and bottom lines even as softer demand conditions weighed on the broader homebuilding backdrop. The Scottsdale-based builder reported adjusted diluted ear… Read more Taylor Morrison posted a solid second quarter, beating Wall Street expectations on both the top and bottom lines even as softer demand conditions weighed on the broader homebuilding backdrop. The Scottsdale-based builder reported adjusted diluted earnings of $2.02 per share, ahead of the $1.96 consensus estimate by 3.31%, while revenue of $2.03 billion topped forecasts by 4.95% and edged 2.0% higher year-over-year. The headline beat was driven largely by a 4% increase in home closings to 3,340 units, though average closing prices dipped 2% to $589,000 and home closings gross margin contracted 150 basis points to 22.3% as competitive pressures in the spec segment intensified. The demand picture was more cautious, with net sales orders falling 12% and cancellations jumping to 14.6% from 9.4% a year ago, prompting CEO Sheryl Palmer to prioritize margin discipline over volume. Looking ahead, management guided full-year 2025 closings of 13,000 to 13,500 homes at average prices of $595,000 to $600,000, with GAAP gross margin of approximately 22.5%.

Key Takeaways

  • • 4% increase in home closings to 3,340 homes
  • • 90 basis points of SG&A leverage to 9.3% of home closings revenue
  • • West segment average closing price increased 6.3% to $724,000
  • • Diversified product portfolio serving first-time, move-up, and resort lifestyle buyers
  • • Personalized incentive strategy through Taylor Morrison Home Funding
24/7 Wall St

TMHC YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

TMHC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“In the second quarter, we met or exceeded our guidance on substantially all key metrics despite the unique environment. Our performance reflects our diversified product portfolio that serves a broad and well-qualified consumer set with to-be-built and spec offerings, concentrated in core locations. Especially in volatile markets, this balanced strategy is a valuable differentiator that we believe contributes to greater financial resiliency.”

— Sheryl Palmer, Q2 2025 Earnings Press Release

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