Filing Flows › Beazer Homes USA (BZH) › Takeover & LBO
Is Beazer Homes USA (BZH) a takeover target?
A leveraged buyout does not work for Beazer Homes USA on its latest figures: it has no positive EBITDA to borrow against (−$18.4M over the last 12 months, on revenue of $2.1B). Historically 3.7% of companies with its figures were bought within a year (0.74× the average). Latest signal (2026-09-15): Merger proxy (DEFM14A).
Why a leveraged buyout does not fit
A leveraged buyout is paid for mostly with debt that the company's own cash flow repays. Beazer Homes USA's EBITDA over the last 12 months was −$18.4M on revenue of $2.1B, so there is nothing to lend against and nothing to repay a loan with: a buyer would have to pay almost entirely with its own money. That is the kind of deal another company — a strategic buyer that wants the products, the pipeline or the technology — makes, not a private-equity fund. The model therefore gives no buyout price.
What a takeover could cost
Takeovers in its sector paid a median premium of 40% over the share price before the deal (the middle half 14.7% to 60.2%), according to the 20 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Beazer Homes USA would cost about $46.87 a share, $1.2B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 14.7% | $38.40 | $1.0B |
| Median | 40% | $46.87 | $1.2B |
| High end (a quarter paid more) | 60.2% | $53.63 | $1.4B |
The odds, from history
Historically 3.7% of companies with its figures were bought within a year (0.74× the average). Its figures put it in decile 3 of 10 (10 = the most likely to be bought). The odds come from a model of every merger proxy, tender-offer response and going-private statement filed on EDGAR since 2011, set against each company's size, margins, debt, cash flow and growth the year before.
Rumors and deal signals
- 2026-09-15 · DEFM14A · Merger proxy (DEFM14A)
- 2026-09-03 · deal · Agreed sale to its terms at $28.5 cash a share · pending
Beazer Homes USA's latest quarter
Beazer Homes USA, Q3 FY26: revenue $516M (-5% year over year), operating margin -2.2%, net loss $4.2M, operating cash flow −$147M. The chart follows the revenue to costs, profit and cash.
Questions
Is Beazer Homes USA being acquired?
The latest signal on file is from 2026-09-15: Merger proxy (DEFM14A). A headline is not a deal; Filing Flows lists the news, 8-K filings and 13D filings about a sale.
Could private equity buy Beazer Homes USA?
A leveraged buyout does not work for Beazer Homes USA on its latest figures: it has no positive EBITDA to borrow against (−$18.4M over the last 12 months, on revenue of $2.1B). With no cash flow to repay a loan, a buyer would pay almost entirely with its own money: a deal for another company (a strategic buyer), not for a private-equity fund.
What would a takeover of Beazer Homes USA cost?
Takeovers in its sector paid a median premium of 40% over the share price before the deal (the middle half 14.7% to 60.2%), according to the 20 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Beazer Homes USA would cost about $46.87 a share, $1.2B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.