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Hovnanian Enterprises vs Green Brick Partners: HOV and GRBK compared
Hovnanian Enterprises is the larger company: $706M of revenue in its latest quarter (Q3 FY26) against $448M for Green Brick Partners (Q3 2026). Green Brick Partners is growing faster (-9% against -12% a year earlier). Green Brick Partners is more profitable, with an operating margin of 17.4% against -0.9%.
Where the money goes: HOV and GRBK
Hovnanian Enterprises (HOV) · Q3 FY26
Hovnanian Enterprises, Q3 FY26: revenue $706M (-12% year over year), operating margin -0.9%, net loss $2.2M, operating cash flow −$24.0M. The chart follows the revenue to costs, profit and cash.
Green Brick Partners (GRBK) · Q3 2026
Green Brick Partners, Q3 2026: revenue $448M (-9% year over year), operating margin 17.4%, net earnings $59.2M, operating cash flow −$52.5M. The chart follows the revenue to costs, profit and cash.
| Hovnanian Enterprises (HOV) | Green Brick Partners (GRBK) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $706M | $448M |
| Revenue growth, Y/Y | -12% | -9% |
| Gross margin | — | 27.3% |
| Operating margin | -0.9% | 17.4% |
| Net earnings | −$2.2M | $59.2M |
| Net margin | -0.3% | 13.2% |
| Operating cash flow | −$24.0M | −$52.5M |
| Market value | $651M | $2.8B |
| P/E | 37.4× | 10.4× |
| Analysts’ mean target | $74.00 | $62.00 |
Where the revenue comes from
Hovnanian Enterprises
- Home Building: $682M (97%)
- Financial Services: $23.7M (3%)
Questions
Which is bigger, Hovnanian Enterprises or Green Brick Partners?
Hovnanian Enterprises is the larger company: $706M of revenue in its latest quarter (Q3 FY26) against $448M for Green Brick Partners (Q3 2026).
Is Hovnanian Enterprises or Green Brick Partners growing faster?
Green Brick Partners is growing faster (-9% against -12% a year earlier).
Which is more profitable, Hovnanian Enterprises or Green Brick Partners?
Green Brick Partners is more profitable, with an operating margin of 17.4% against -0.9%.
More: Hovnanian Enterprises earnings · how Hovnanian Enterprises makes money · Green Brick Partners earnings · how Green Brick Partners makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 28, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.