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Hovnanian Enterprises vs LGI Homes: HOV and LGIH compared
Hovnanian Enterprises is the larger company: $706M of revenue in its latest quarter (Q3 FY26) against $444M for LGI Homes (Q3 2026). LGI Homes is growing faster (+10% against -12% a year earlier). LGI Homes is more profitable, with an operating margin of 7.5% against -0.9%.
Where the money goes: HOV and LGIH
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.
LGI Homes (LGIH) · Q3 2026
LGI Homes, Q3 2026: revenue $444M (+10% year over year), operating margin 7.5%, net earnings $24.6M, operating cash flow $38.9M. The chart follows the revenue to costs, profit and cash.
| Hovnanian Enterprises (HOV) | LGI Homes (LGIH) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $706M | $444M |
| Revenue growth, Y/Y | -12% | +10% |
| Operating margin | -0.9% | 7.5% |
| Net earnings | −$2.2M | $24.6M |
| Net margin | -0.3% | 5.5% |
| Operating cash flow | −$24.0M | $38.9M |
| Free cash flow | — | $37.9M |
| Market value | $651M | $1.1B |
| P/E | 37.4× | 15.0× |
| Analysts’ mean target | $74.00 | $93.00 |
Where the revenue comes from
Hovnanian Enterprises
- Home Building: $682M (97%)
- Financial Services: $23.7M (3%)
LGI Homes
- Home Building: $438M (98%)
- Land and Other: $7.0M (2%)
Questions
Which is bigger, Hovnanian Enterprises or LGI Homes?
Hovnanian Enterprises is the larger company: $706M of revenue in its latest quarter (Q3 FY26) against $444M for LGI Homes (Q3 2026).
Is Hovnanian Enterprises or LGI Homes growing faster?
LGI Homes is growing faster (+10% against -12% a year earlier).
Which is more profitable, Hovnanian Enterprises or LGI Homes?
LGI Homes is more profitable, with an operating margin of 7.5% against -0.9%.
More: Hovnanian Enterprises earnings · how Hovnanian Enterprises makes money · LGI Homes earnings · how LGI Homes makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 28, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.