---
title: "Hovnanian Enterprises | 10-K: FY2025 Revenue Beats Estimate at USD 2.979 B"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/270533993.md"
datetime: "2025-12-22T21:20:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270533993.md)
  - [en](https://longbridge.com/en/news/270533993.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270533993.md)
---

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

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.

### Northeast Segment

-   **Homebuilding Revenue**: $1,151.6 million, an increase of $115.6 million compared to the previous year.
-   **Income Before Income Taxes**: $165.5 million, a decrease of $25.5 million compared to the previous year.
-   **Homes Delivered**: 1,968 homes, an increase of 322 homes compared to the previous year.
-   **Average Sales Price**: $582,696, a decrease of $29,452 compared to the previous year.

### Southeast Segment

-   **Homebuilding Revenue**: $349.9 million, a decrease of $98.9 million compared to the previous year.
-   **Income Before Income Taxes**: $15.5 million, a decrease of $62.2 million compared to the previous year.
-   **Homes Delivered**: 704 homes, a decrease of 174 homes compared to the previous year.
-   **Average Sales Price**: $496,375, a decrease of $13,652 compared to the previous year.

### West Segment

-   **Homebuilding Revenue**: $1,377.1 million, a decrease of $60.8 million compared to the previous year.
-   **Income Before Income Taxes**: $15.1 million, a decrease of $111.6 million compared to the previous year.
-   **Homes Delivered**: 2,824 homes, unchanged from the previous year.
-   **Average Sales Price**: $480,423, a decrease of $22,441 compared to the previous year.

### Financial Services

-   **Revenue**: $94.975 million, an increase of $20.911 million compared to the previous year.
-   **Income Before Income Taxes**: $39.0 million, an increase from the previous year primarily due to increased loan volume and spread.

### Cash Flow

-   **Operating Cash Flow**: $188.3 million for the year ended October 31, 2025.
-   **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.

### Unique Metrics

-   **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%.

### Outlook / Guidance

-   The company plans to continue using nonrecourse mortgages, model sale leasebacks, joint ventures, and land banking programs as business needs dictate.
-   The company expects community count to continue to grow in fiscal 2026.
-   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.

### 相關股票

- [Hovnanian Enterprises (HOV.US)](https://longbridge.com/zh-HK/quote/HOV.US.md)

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