Revenue: As of FY2025, the actual value is USD 2.979 B, beating the estimate of USD 2.976 B.EPS: As of FY2025, the actual value is USD 7.43, missing the estimate of USD 8.66.EBIT: As of FY2025, the actual value is USD 161.81 M.<h3>Northeast Segment</h3><ul><li>Homebuilding Revenue: $1,151.6 million, an increase of $115.6 million compared to the previous year.</li><li>Income Before Income Taxes: $165.5 million, a decrease of $25.5 million compared to the previous year.</li><li>Homes Delivered: 1,968 homes, an increase of 322 homes compared to the previous year.</li><li>Average Sales Price: $582,696, a decrease of $29,452 compared to the previous year.</li></ul><h3>Southeast Segment</h3><ul><li>Homebuilding Revenue: $349.9 million, a decrease of $98.9 million compared to the previous year.</li><li>Income Before Income Taxes: $15.5 million, a decrease of $62.2 million compared to the previous year.</li><li>Homes Delivered: 704 homes, a decrease of 174 homes compared to the previous year.</li><li>Average Sales Price: $496,375, a decrease of $13,652 compared to the previous year.</li></ul><h3>West Segment</h3><ul><li>Homebuilding Revenue: $1,377.1 million, a decrease of $60.8 million compared to the previous year.</li><li>Income Before Income Taxes: $15.1 million, a decrease of $111.6 million compared to the previous year.</li><li>Homes Delivered: 2,824 homes, unchanged from the previous year.</li><li>Average Sales Price: $480,423, a decrease of $22,441 compared to the previous year.</li></ul><h3>Financial Services</h3><ul><li>Revenue: $94.975 million, an increase of $20.911 million compared to the previous year.</li><li>Income Before Income Taxes: $39.0 million, an increase from the previous year primarily due to increased loan volume and spread.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: $188.3 million for the year ended October 31, 2025.</li><li>Free Cash Flow: Not explicitly stated, but cash used in investing activities was $66.0 million, and cash used in financing activities was $70.4 million.</li></ul><h3>Unique Metrics</h3><ul><li>Contract Backlog: Decreased from 1,649 homes at October 31, 2024 to 1,242 homes at October 31, 2025, with a dollar value decrease of 22.4%.</li></ul><h3>Outlook / Guidance</h3><ul><li>The company plans to continue using nonrecourse mortgages, model sale leasebacks, joint ventures, and land banking programs as business needs dictate.</li><li>The company expects community count to continue to grow in fiscal 2026.</li><li>The company remains focused on maintaining adequate liquidity and identifying investment opportunities that make economic sense in light of current sales prices and sales paces.</li></ul>

Hovnanian Enterprises | 10-K: FY2025 Revenue Beats Estimate at USD 2.979 B