Filing Flows › Hovnanian Enterprises (HOV) › Q4 FY25
Hovnanian Enterprises (HOV) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Dec 22, 2025
Hovnanian Enterprises (HOV) reported revenue of $818M for the fourth quarter fiscal 2025 (Q4 FY25), -17% from a year earlier and +2% from the quarter before. Operating margin was 2.0%, net loss $667K (0.1% of revenue).
Hovnanian Enterprises, Q4 FY25: revenue $818M (-16% year over year), operating margin 2.0%, net loss $667K, operating cash flow $169M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $818M | +2% | -17% |
| Operating profit | $16.7M | +102% | -84% |
| Net earnings | −$667K | -104% | -101% |
| Operating cash flow | $169M | +220% | +46% |
| Free cash flow | $164M | +258% | +47% |
What changed
Revenue was $817.9M in Q4 FY25, down 17% year over year and up 2% from the previous quarter. Home Building was the largest line at 97% of revenue.
Operating profit was $16.7M, a 2.0% margin (down 8.4 points year over year). Total costs fell 9% while revenue fell 17%. The quarter ended with a net loss of $667K, after a profit of $16.6M the previous quarter. Net interest and other expense of $20.8M was the main reason.
Operating cash flow was $169.1M (up 46% year over year). Non-cash charges added back $5.3M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $161.8M. Capital expenditures of $5.1M left free cash flow of $164.0M.
Questions
What was Hovnanian Enterprises' revenue in the fourth quarter fiscal 2025?
Hovnanian Enterprises (HOV) reported revenue of $818M for the fourth quarter fiscal 2025 (Q4 FY25), -17% from a year earlier and +2% from the quarter before.
Was Hovnanian Enterprises profitable in the fourth quarter fiscal 2025?
Operating profit was $16.7M (2.0% of revenue) and net loss $667K.