Taylor Morrison Home Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Taylor Morrison Home Corp. reported revenue of $8.1B (-0.6% year on year) and net income of $782.5M (-11.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenue | $8.1B | $8.2B | $7.4B | $8.2B |
| Total cost of revenue | $6.3B | $6.2B | $5.6B | $6.1B |
| Gross margin | $1.9B | $2.0B | $1.8B | $2.1B |
| Sales, commissions and other marketing costs | $461.5M | $456.1M | $418.1M | $398.1M |
| General and administrative expenses | $273.5M | $314.4M | $280.6M | $245.1M |
| Net income from unconsolidated entities | ($4.9M) | ($6.3M) | ($8.8M) | $14.2M |
| Interest expense/(income), net | $47.0M | ($13.3M) | — | $17.7M |
| Other expense, net | $37.7M | $50.6M | $87.6M | $38.5M |
| Loss on extinguishment of debt, net | $13.3M | $0 | $295.0K | ($13.9M) |
| Income before income taxes | $1.0B | $1.2B | $1.0B | $1.4B |
| Effective Rate | $250.8M | $269.5M | $248.1M | $336.4M |
| Net income before allocation to non-controlling interests | $791.3M | $886.6M | $769.7M | $1.1B |
| Net income attributable to non-controlling interests | ($8.8M) | ($3.3M) | ($812.0K) | ($3.4M) |
| Net income | $782.5M | $883.3M | $768.9M | $1.1B |
| Basic (in dollars per share) | $7.90 | $8.43 | $7.09 | $9.16 |
| Diluted (in dollars per share) | $7.77 | $8.27 | $6.98 | $9.06 |
| Basic (in shares) | 99.1M | 104.8M | 108.4M | 115.0M |
| Diluted (in shares) | 100.7M | 106.8M | 110.1M | 116.2M |
| Line item | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 | Mar 31, 2025 · Q1 |
|---|---|---|---|---|
| Total revenue | $1.4B | $2.1B | $2.0B | $1.9B |
| Total cost of revenue | $1.1B | $1.6B | $1.6B | $1.4B |
| Gross margin | $290.6M | $476.6M | $467.5M | $463.3M |
| Sales, commissions and other marketing costs | $89.9M | $115.4M | $116.4M | $109.1M |
| General and administrative expenses | $59.0M | $65.3M | $66.7M | $67.5M |
| Net income from unconsolidated entities | ($2.9M) | ($1.3M) | ($326.0K) | ($2.0M) |
| Interest expense, net | $11.2M | $12.8M | $13.8M | $8.5M |
| Other expense, net | $2.8M | $12.0M | $7.7M | $1.6M |
| Income before income taxes | $130.7M | $272.4M | $263.3M | $278.6M |
| Income tax provision | $30.3M | $67.9M | $67.3M | $64.8M |
| Net income before allocation to non-controlling interests | $100.4M | $204.5M | $196.0M | $213.7M |
| Net income attributable to non-controlling interests | ($1.8M) | ($3.0M) | ($2.4M) | ($265.0K) |
| Net income | $98.6M | $201.4M | $193.6M | $213.5M |
| Basic (in dollars per share) | $1.03 | $2.05 | $1.94 | $2.11 |
| Diluted (in dollars per share) | $1.01 | $2.01 | $1.92 | $2.07 |
| Basic (in shares) | 96.0M | 98.4M | 99.5M | 101.2M |
| Diluted (in shares) | 97.5M | 100.0M | 100.9M | 103.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $850.0M | $487.2M | $798.6M | $724.5M |
| Restricted cash | $1.2M | $15.0K | $8.5M | $2.1M |
| Total cash | $851.2M | $487.2M | $807.1M | $726.6M |
| Owned inventory | $6.0B | $6.2B | $5.5B | $5.3B |
| Consolidated real estate not owned | $94.2M | $71.2M | $71.6M | $24.0M |
| Total real estate inventory | $6.1B | $6.2B | $5.5B | $5.4B |
| Land deposits | $360.7M | $299.7M | $203.2M | $263.4M |
| Mortgage loans held for sale | $132.5M | $207.9M | $193.3M | $346.4M |
| Lease right of use assets | $60.8M | $68.1M | $75.2M | $90.4M |
| Prepaid expenses and other assets, net | $566.7M | $370.6M | $290.9M | $264.3M |
| Other receivables, net | $241.7M | $217.7M | $184.5M | $191.5M |
| Investments in unconsolidated entities | $487.0M | $439.7M | $346.2M | $282.9M |
| Deferred tax assets, net | $74.4M | $76.2M | $67.8M | $67.7M |
| Property and equipment, net | $259.0M | $232.7M | $295.1M | $202.4M |
| Goodwill | $663.2M | $663.2M | $663.2M | $663.2M |
| Total assets of consolidated joint ventures | $9.8B | $9.3B | $8.7B | $8.5B |
| Accounts payable | $251.6M | $270.3M | $263.5M | $269.8M |
| Accrued expenses and other liabilities | $682.5M | $632.3M | $549.1M | $490.3M |
| Lease liabilities | $71.5M | $79.0M | $85.0M | $100.2M |
| Income taxes payable | $8.1M | $2.2M | — | — |
| Customer deposits | $125.0M | $239.2M | $326.1M | $412.1M |
| Estimated development liabilities | $4.4M | $4.4M | $27.4M | $43.8M |
| Senior notes, net | $1.5B | $1.5B | $1.5B | $1.8B |
| Loans payable and other borrowings | $745.2M | $475.6M | $394.9M | $361.5M |
| Revolving credit facility borrowings | $0 | $0 | $0 | $0 |
| Mortgage warehouse borrowings | $82.6M | $174.5M | $153.5M | $306.1M |
| Liabilities attributable to consolidated real estate not owned | $94.2M | $71.2M | $71.6M | $24.0M |
| Total liabilities | $3.5B | $3.4B | $3.3B | $3.8B |
| Common stock, $0.00001 par value, 400,000,000 shares authorized, 162,809,286 and 162,061,709 shares issued, 96,536,827 and 102,241,978 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | 1.0K | 1.0K | 1.0K | 1.0K |
| Additional paid-in capital | $3.1B | $3.1B | $3.1B | $3.0B |
| Treasury stock at cost, 66,272,459 and 59,819,731 shares as of December 31, 2025 and December 31, 2024, respectively | -2.0B | -1.6B | -1.3B | -1.1B |
| Retained earnings | $5.2B | $4.4B | $3.5B | $2.7B |
| Accumulated other comprehensive income | $2.6M | $2.5M | $896.0K | $359.0K |
| Total stockholders’ equity attributable to TMHC | $6.3B | $5.9B | $5.3B | $4.6B |
| Non-controlling interests | $16.0M | $11.6M | $17.3M | $16.5M |
| Total stockholders’ equity | $6.3B | $5.9B | $5.3B | $4.6B |
| Total liabilities and owners’ equity | $9.8B | $9.3B | $8.7B | $8.5B |
| Line item | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $652.9M | $370.6M | $130.2M | $377.8M |
| Restricted cash | $500.0K | $326.0K | $4.1M | $288.0K |
| Total cash | $653.4M | $370.9M | $134.3M | $378.1M |
| Owned inventory | $6.1B | $6.3B | $6.4B | $6.2B |
| Consolidated real estate not owned | $100.5M | $94.2M | $94.2M | $126.4M |
| Total real estate inventory | $6.2B | $6.4B | $6.5B | $6.4B |
| Land deposits | $388.3M | $360.6M | $352.4M | $302.6M |
| Mortgage loans held for sale | $139.0M | $198.5M | $220.2M | $225.1M |
| Lease right of use assets | $63.1M | $62.7M | $64.3M | $65.0M |
| Prepaid expenses and other assets, net | $530.5M | $455.0M | $450.0M | $387.8M |
| Other receivables, net | $269.8M | $266.0M | $241.0M | $212.2M |
| Investments in unconsolidated entities | $483.0M | $487.9M | $474.7M | $475.2M |
| Deferred tax assets, net | $74.4M | $76.2M | $76.2M | $76.2M |
| Property and equipment, net | $268.8M | $283.4M | $268.5M | $247.3M |
| Goodwill | $663.2M | $663.2M | $663.2M | $663.2M |
| Total assets of consolidated joint ventures | $9.8B | $9.6B | $9.5B | $9.4B |
| Accounts payable | $255.4M | $285.2M | $311.6M | $276.5M |
| Accrued expenses and other liabilities | $586.1M | $619.0M | $597.4M | $550.9M |
| Lease liabilities | $72.8M | $73.0M | $74.4M | $75.0M |
| Income taxes payable | $8.3M | $0 | $0 | $67.1M |
| Customer deposits | $154.5M | $163.4M | $211.5M | $242.7M |
| Estimated development liabilities | $4.4M | $4.4M | $4.4M | $4.4M |
| Senior notes, net | $1.5B | $1.5B | $1.5B | $1.5B |
| Loans payable and other borrowings | $787.1M | $568.8M | $456.7M | $437.0M |
| Revolving credit facility borrowings | $0 | $0 | $0 | $0 |
| Mortgage warehouse facilities borrowings | $90.9M | $150.2M | $171.3M | $175.7M |
| Liabilities attributable to consolidated real estate not owned | $100.5M | $94.2M | $94.2M | $126.4M |
| Total liabilities | $3.5B | $3.4B | $3.4B | $3.4B |
| Total stockholders’ equity | $6.2B | $6.2B | $6.1B | $6.0B |
| Total liabilities and owners’ equity | $9.8B | $9.6B | $9.5B | $9.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income before allocation to non-controlling interests | $791.3M | $886.6M | $769.7M | $1.1B |
| Net income from unconsolidated entities | ($4.9M) | ($6.3M) | ($8.8M) | $14.2M |
| Stock compensation expense | $29.0M | $22.5M | $26.1M | $26.9M |
| Loss on extinguishment of debt, net | $13.3M | $0 | $295.0K | — |
| Distributions of earnings from unconsolidated entities | $12.8M | $12.9M | $9.2M | $5.3M |
| Depreciation and amortization | $40.2M | $41.2M | $33.4M | $33.8M |
| Lease expense | $17.6M | $20.4M | $24.8M | $27.4M |
| Debt issuance costs amortization | $2.7M | $2.9M | $3.3M | $2.3M |
| Estimated development liability change in estimate | $0 | ($23.1M) | ($14.8M) | — |
| Deferred income taxes | $1.9M | ($8.4M) | ($169.0K) | $83.6M |
| Real estate impairment charges | $28.8M | $29.6M | $11.8M | $24.9M |
| Change in Build-to-Rent/Urban Form assets due to sale | $67.2M | $80.0M | $0 | — |
| Real estate inventory and land deposits | $26.6M | ($797.3M) | ($78.6M) | ($50.8M) |
| Mortgage loans held for sale, prepaid expenses and other assets, net | ($183.1M) | ($182.1M) | $31.0M | $5.8M |
| Customer deposits | ($114.1M) | ($86.9M) | ($86.0M) | ($73.6M) |
| Accounts payable, accrued expenses and other liabilities | $82.0M | $216.0M | $84.8M | ($61.8M) |
| Income taxes payable | $5.9M | $2.2M | $0 | $0 |
| Net cash provided by operating activities | $817.3M | $210.1M | $806.2M | $1.1B |
| Purchase of property and equipment | ($40.4M) | ($36.3M) | ($33.4M) | ($30.6M) |
| Distributions of capital from unconsolidated entities | $30.4M | $29.7M | $824.0K | $125.3M |
| Investments of capital into unconsolidated entities | ($85.6M) | ($129.8M) | ($64.6M) | ($109.6M) |
| Purchase of fixed-maturity securities | ($55.7M) | — | — | — |
| Proceeds from sale and maturities of fixed-maturity securities | $1.4M | — | — | — |
| Purchase of equity securities | ($4.9M) | — | — | — |
| Net cash used in investing activities | ($154.8M) | ($136.4M) | ($97.2M) | ($14.9M) |
| Increase in loans payable and other borrowings | $198.6M | $0 | $7.1M | $38.2M |
| Repayments on loans payable and other borrowings | ($1.3M) | ($52.1M) | ($20.7M) | ($71.2M) |
| Borrowings on revolving credit facilities | $240.0M | $100.0M | — | — |
| Repayments on revolving credit facilities | ($240.0M) | ($100.0M) | $0 | ($412.5M) |
| Borrowings on mortgage warehouse facilities | $3.5B | $3.7B | $3.0B | $2.7B |
| Repayments on mortgage warehouse facilities | ($3.6B) | ($3.6B) | ($3.2B) | ($2.8B) |
| Proceeds from issuance of senior notes | $525.0M | — | — | $0 |
| Repayments on senior notes | ($527.1M) | $0 | ($350.0M) | ($622.8M) |
| Payment of deferred financing costs | ($15.6M) | — | — | $0 |
| Changes in stock option exercises and issuance of restricted stock, net | ($493.0K) | ($4.7M) | $17.0M | — |
| Payment of principal portion of finance lease | ($1.4M) | ($1.4M) | ($1.3M) | ($1.3M) |
| Repurchase of common stock, net | ($381.0M) | ($347.6M) | ($128.0M) | ($376.3M) |
| Cash and distributions to non-controlling interests of consolidated joint ventures, net | ($3.5M) | ($8.8M) | $0 | — |
| Net cash used in financing activities | ($298.5M) | ($393.6M) | ($628.5M) | ($1.2B) |
| Net Increase/(Decrease) in Cash and Cash Equivalents and Restricted Cash | $364.1M | ($319.9M) | $80.5M | ($109.7M) |
| Cash, Cash Equivalents, and Restricted Cash - Beginning of period | $487.2M | $807.1M | $726.6M | $836.3M |
| Cash, Cash Equivalents, and Restricted Cash - End of period | $851.2M | $487.2M | $807.1M | $726.6M |
| Income tax payments | ($304.0M) | ($264.4M) | ($204.3M) | ($270.0M) |
| Loans payable issued to sellers in connection with land purchase contracts | $246.6M | $341.0M | $235.6M | $231.0M |
| Change in consolidated real estate not owned | $23.0M | — | — | — |
| Line item | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD | Mar 31, 2025 · Q1 |
|---|---|---|---|---|
| Net income before allocation to non-controlling interests | $100.4M | $614.2M | $409.7M | $213.7M |
| Net income from unconsolidated entities | ($2.9M) | ($3.6M) | ($2.3M) | ($2.0M) |
| Stock compensation expense | $6.6M | $22.3M | $15.8M | $7.8M |
| Distributions of earnings from unconsolidated entities | $4.6M | $10.1M | $7.3M | $3.1M |
| Depreciation and amortization | $10.7M | $29.6M | $19.2M | $9.0M |
| Lease expense | $5.0M | — | — | — |
| Debt issuance costs amortization | $800.0K | $2.0M | $1.3M | $665.0K |
| Inventory impairment charges | $8.2M | $28.8M | $21.6M | $14.9M |
| Real estate inventory and land deposits | ($127.3M) | ($235.8M) | ($323.1M) | ($79.9M) |
| Mortgage loans held for sale, prepaid expenses and other assets | ($6.1M) | ($202.7M) | ($160.0M) | ($46.0M) |
| Customer deposits | $29.5M | ($75.7M) | ($27.7M) | $3.6M |
| Accounts payable, accrued expenses and other liabilities | ($40.1M) | ($52.0M) | ($17.9M) | ($117.3M) |
| Income taxes payable | $187.0K | ($2.2M) | ($2.2M) | $64.8M |
| Net cash (used in)/provided by operating activities | ($10.4M) | $170.9M | ($48.7M) | $77.2M |
| Purchase of property and equipment | ($10.0M) | ($29.2M) | ($16.2M) | ($8.5M) |
| Distributions of capital from unconsolidated entities | $8.8M | $18.8M | $8.6M | — |
| Investments of capital into unconsolidated entities | ($6.5M) | ($73.4M) | ($48.5M) | ($36.6M) |
| Purchase of fixed-maturity securities | ($15.7M) | — | — | — |
| Proceeds from sale and maturities of fixed-maturity securities | $6.3M | — | — | — |
| Purchase of equity securities | ($995.0K) | — | — | — |
| Net cash used in investing activities | ($18.1M) | ($83.9M) | ($56.1M) | ($45.1M) |
| Repayments on loans payable and other borrowings | ($9.6M) | ($1.3M) | $0 | $0 |
| Borrowings on mortgage warehouse facilities | $531.2M | $2.6B | $1.7B | $854.7M |
| Repayments on mortgage warehouse facilities | ($522.9M) | ($2.6B) | ($1.7B) | ($853.4M) |
| Changes in stock option exercises and issuance of restricted stock units, net | ($7.6M) | ($936.0K) | ($5.0M) | ($5.7M) |
| Payment of principal portion of finance lease | ($1.3M) | ($1.4M) | ($1.3M) | ($1.3M) |
| Repurchase of common stock, net | ($149.6M) | ($309.6M) | ($235.1M) | ($135.1M) |
| Cash and distributions to non-controlling interests of consolidated joint ventures | ($9.4M) | ($3.5M) | ($3.5M) | ($393.0K) |
| Net cash used in financing activities | ($169.2M) | ($203.3M) | ($248.1M) | ($141.2M) |
| Net Decrease in Cash and Cash Equivalents and Restricted Cash | ($197.8M) | ($116.2M) | ($352.9M) | ($109.1M) |
| Cash, Cash Equivalents, and Restricted Cash — Beginning of period | $851.2M | $487.2M | $487.2M | $487.2M |
| Cash, Cash Equivalents, and Restricted Cash — End of period | $653.4M | $370.9M | $134.3M | $378.1M |
| Income taxes paid, net | $677.0K | ($230.2M) | ($156.7M) | ($24.0K) |
| Loans payable issued to sellers in connection with land purchase contracts | $76.9M | $86.6M | $57.4M | $220.0K |
| Change in consolidated real estate not owned | $6.3M | — | — | — |
| Accrual of excise tax on share repurchases | ($1.2M) | ($2.6M) | ($2.0M) | ($1.0M) |
Taylor Morrison Home Corp. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.