Filing Flows › Beazer Homes USA (BZH) › Q4 FY25
Beazer Homes USA (BZH) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 13, 2025
Beazer Homes USA (BZH) reported revenue of $792M for the fourth quarter fiscal 2025 (Q4 FY25), -2% from a year earlier and +45% from the quarter before. Operating margin was 3.1%, net earnings $30.0M (3.8% of revenue).
Beazer Homes USA, Q4 FY25: revenue $792M (-2% year over year), operating margin 3.1%, net earnings $30.0M, operating cash flow $250M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $792M | +45% | -2% |
| Gross profit | $107M | +47% | -24% |
| Operating profit | $24.8M | — | -57% |
| Net earnings | $30.0M | — | -42% |
| Operating cash flow | $250M | — | +35% |
| Free cash flow | $243M | — | +35% |
What changed
Revenue was $791.9M in Q4 FY25, down 2% year over year and up 45% from the previous quarter. Homebuilding revenue was the largest line at 95% of revenue.
Gross margin was 13.5%, down 4.0 points from Q4 FY24. Operating profit was $24.8M, a 3.1% margin (down 4.1 points year over year). Operating expenses fell 1% while revenue fell 2%. Net earnings were $30.0M, down 42% year over year. The effective tax rate was -15.3%.
Operating cash flow was $250.2M (up 35% year over year), 834% of net earnings. Non-cash charges added back $5.9M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $212.4M. Capital expenditures of $7.5M left free cash flow of $242.7M.
Questions
What was Beazer Homes USA's revenue in the fourth quarter fiscal 2025?
Beazer Homes USA (BZH) reported revenue of $792M for the fourth quarter fiscal 2025 (Q4 FY25), -2% from a year earlier and +45% from the quarter before.
Was Beazer Homes USA profitable in the fourth quarter fiscal 2025?
Operating profit was $24.8M (3.1% of revenue) and net earnings $30.0M.
Source: Beazer Homes USA 10-K on SEC EDGAR.