Operative BuildersIFRS · EUR

Taylor Morrison Home Corp

Taylor Morrison Home Corp is a U.S. homebuilder that develops, constructs, and sells single-family homes and related residential communities through regional operating divisions. Its business spans land acquisition, community development, home construction, and home closings across multiple U.S. housing markets.

Kysy yhtiöstä
Liikevaihto8 121milj. EUR
−0,6 %v/v
Nettotulos783milj. EUR
−11,4 %v/v
Vapaa kassavirta777milj. EUR
+347,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

02 0004 0006 0008 00010 000milj. EUR20202021: 7 501 milj. EUR20212022: 8 225 milj. EUR20222023: 7 418 milj. EUR20232024: 8 168 milj. EUR20242025: 8 121 milj. EUR20258 121
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Home closings revenue85 %

Revenue from completed homes delivered to buyers at closing.

Land and lot development10 %

Acquisition, entitlement, and development of land for future communities.

Options and upgrades3 %

Buyer-selected lot premiums, design options, and upgrade features.

Other homebuilding services2 %

Ancillary homebuilding-related revenue and adjustments.

Tuotteet

Raportoitu · osuus liikevaihdosta
95,5%FY2025100 %
  • Home Sales95,5 %
  • Financial Services2,6 %
  • Amenity1,5 %
  • Land Sales0,5 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells homes to individual buyers purchasing primary residences, move-up homes, and second homes in U.S. residential markets. Demand is driven by household formation, affordability, mortgage rates, and the availability of desirable communities and move-in-ready inventory.

Primary homebuyers

Buyers purchasing homes for owner-occupied living in company communities.

Move-up buyers

Existing homeowners trading up to larger or newer homes.

First-time buyers

Entry-level buyers seeking affordability, financing support, and community amenities.

Lifestyle and second-home buyers

Buyers in selected markets seeking vacation or retirement-oriented homes.

Strategia

The company focuses on managing its land pipeline, community count, and product mix to match local housing demand across its operating regions. It also emphasizes quick-move-in inventory, regional pricing discipline, and construction efficiency to support closings and buyer conversion.

Optimize land and community pipelineKeskipitkä aikaväli

Homebuilders need controlled land investment to support future closings without overextending capital.

Improve sales conversion through quick-move-in inventoryLyhyt aikaväli

Move-in-ready homes can reduce buyer wait times and support faster closings.

Refine regional product mix and pricingKeskipitkä aikaväli

Different markets support different price points, incentives, and margin profiles.

Maantiede

Taylor Morrison operates across multiple U.S. regions, with reported home closings in the East, Central, and West divisions. Its business is geographically tied to local housing demand, land positions, labor availability, and regional pricing conditions, which can cause performance to vary by market.

Riskit

Taylor Morrison is exposed to cyclical U.S. housing demand, mortgage-rate sensitivity, and local market volatility, all of which can affect sales pace and cancellations. The company also faces land, construction, and inventory risks typical of homebuilders, including impairment charges, warranty costs, and regional mix shifts that can pressure results.

Järjestetty vakavuuden mukaan
Mortgage-rate and affordability sensitivityKorkea

Higher borrowing costs reduce buyer purchasing power and can slow new-home demand.

Kohdistuu: U.S. residential homebuyers

Cancellations and order volatilityKorkea

Home purchases are often contingent on financing and buyer confidence, making orders less predictable.

Kohdistuu: Net sales and backlog

Land and inventory impairmentKorkea

Homebuilders carry land and work-in-process inventory that may need write-downs if market conditions weaken.

Kohdistuu: Community land positions and unsold inventory

Construction cycle and labor disruptionKeskitaso

Delays in labor, materials, or permitting can push out closings and raise costs.

Kohdistuu: Regional operations

Regional market concentrationKeskitaso

Performance depends on local housing conditions in the East, Central, and West divisions.

Kohdistuu: U.S. regional housing markets

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition at closing

Homebuilding revenue is typically recognized when control transfers at closing, creating quarter-to-quarter timing swings.

Vaikutus: Affects reported home closings revenue and backlog conversion

Inventory and land impairment

Real estate assets are tested for recoverability and may be written down if market conditions weaken.

Vaikutus: Can materially affect gross margin and earnings

Warranty reserves

The company estimates future warranty claims on completed homes and adjusts reserves over time.

Vaikutus: Affects cost of sales and adjusted margin measures

Capitalized interest

Interest incurred during development is capitalized into inventory and later recognized in cost of sales.

Vaikutus: Influences gross margin and inventory carrying values

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Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026

Taylor Morrison Home Corp – Operative Builders | Analyysi – Clarifo