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TMHC Q3 2025 Earnings
Reported Oct 22, 2025 at 9:00 AM ET · SEC Source
Q3 25 EPS
$2.11
BEAT +9.80%
Est. $1.92
Q3 25 Revenue
$2.10B
BEAT +3.03%
Est. $2.03B
vs S&P Since Q3 25
+7.6%
BEATING MARKET
TMHC +16.6% vs S&P +9.0%
Market Reaction
Did TMHC Beat Earnings? Q3 2025 Results
Taylor Morrison delivered a stronger-than-expected third quarter, with adjusted earnings per share of $2.11 beating the $1.92 consensus estimate by 9.80% even as the homebuilder navigated genuine demand headwinds. Revenue came in at $2.10 billion, ed… Read more Taylor Morrison delivered a stronger-than-expected third quarter, with adjusted earnings per share of $2.11 beating the $1.92 consensus estimate by 9.80% even as the homebuilder navigated genuine demand headwinds. Revenue came in at $2.10 billion, edging past the $2.03 billion estimate by 3.03%, though the figure still represented a 1.2% decline from a year ago as softening buyer sentiment weighed on volume. The most telling pressure point was in net sales orders, which fell 13% to 2,468 homes while the cancellation rate more than doubled to 10.1% from 4.7% a year earlier, reflecting the kind of affordability-driven hesitation that had analysts bracing for a steeper earnings miss heading into the print. Home closings gross margin compressed 270 basis points to 22.1%, a consequence of elevated pricing incentives particularly at entry-level price points. Looking ahead, management guided full-year 2025 closings of 12,800 to 13,000 at an average price near $595,000, with GAAP gross margin of approximately 22.5%, signaling cautious but stable expectations for the remainder of the year.
Key Takeaways
- • West segment closings revenue grew 16.2% YoY driven by 6.3% volume increase and 9.4% higher average selling price
- • SG&A leverage improved 80 bps to 9.0% of home closings revenue from lower payroll and commission costs
- • Average closing price increased 1% to $602,000 partially offsetting 2% decline in closings volume
- • Diversified portfolio and careful calibration of inventory, pricing and pace across communities
- • Net absorption paces improved each month during the quarter as mortgage rate declines spurred activity
TMHC YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
TMHC Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased to report strong third quarter results despite the continuation of challenging market conditions. Driven by our diversified portfolio and team's careful calibration of inventory, pricing and pace across our well-located communities, we once again met or exceeded our guidance on all key metrics, including home closings volume, price and gross margin. The ongoing execution of our balanced operating strategy has allowed us to maintain healthy performance even as we have adjusted pricing and incentives, particularly in entry-level price points. Combined with a thoughtful approach to land-lighter financing tools and effective cost management, our business is generating strong bottom-line earnings, cash flow and returns for our shareholders.”
— Sheryl Palmer, Q3 2025 Earnings Press Release
TMHC Earnings Trends
TMHC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TMHC EPS Trend
Earnings per share: estimate vs actual
TMHC Revenue Trend
Quarterly revenue: estimate vs actual
TMHC Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.84 | $1.12 | +33.38% | $1.39B | +4.51% |
| Q4 25 BEAT FY | $1.74 | $1.91 | +9.99% | $2.10B | +7.94% |
| FY Full Year | — | $8.24 | — | $8.12B | — |
| Q3 25 BEAT | $1.92 | $2.11 | +9.80% | $2.10B | +3.03% |
| Q2 25 BEAT | $1.96 | $2.02 | +3.31% | $2.03B | +4.95% |