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Sep 30
Taylor Morrison Q3 2025 Earnings Report
Taylor Morrison reported its third quarter 2025 financial results, with net income of $201 million and diluted EPS of $2.01, alongside strong operational metrics in home closings and land investment.
Key Takeaways
Taylor Morrison delivered solid third-quarter results, meeting or exceeding guidance across key metrics despite challenging market conditions. The company reported $2.0 billion in home closings revenue from 3,324 closings, achieving a home closings gross margin of 22.1%. Net sales orders were 2,468, with a monthly absorption pace of 2.4 per community. The company maintained a strong balance sheet with $1.3 billion in total liquidity and repurchased $75 million in common shares.
Net income reached $201 million, or $2.01 per diluted share, with adjusted net income at $211 million, or $2.11 per diluted share.
Home closings revenue was $2.0 billion from 3,324 closings, with an average sales price of $602,000, slightly exceeding prior guidance.
Home closings gross margin stood at 22.1%, and adjusted home closings gross margin was 22.4%, also slightly ahead of guidance.
The company maintained strong liquidity of $1.3 billion and repurchased 1.3 million common shares for $75 million during the quarter.
Taylor Morrison
Taylor Morrison
Taylor Morrison Revenue by Segment
Taylor Morrison Revenue by Geographic Location
Revenue by Segment
Homebuilding Revenue
CapyFin.comLand Revenue
CapyFin.comFinancial Services Revenue
CapyFin.comAmenity and Other Revenue
CapyFin.comRevenue by Geographic Location
East Revenue
CapyFin.comCentral Revenue
CapyFin.comWest Revenue
CapyFin.com Forward Guidance
Taylor Morrison provided a positive outlook for the fourth quarter and full year 2025, expecting continued strong performance in home closings, average closing prices, and gross margins, while maintaining a disciplined approach to land investment and share repurchases.
Positive Outlook
- Fourth quarter home closings are expected to be between 3,100 to 3,300.
- Full year 2025 home closings are now expected to be between 12,800 to 13,000.
- Fourth quarter average closing price is expected to be approximately $590,000.
- Full year 2025 GAAP home closings gross margin is expected to be approximately 22.5%.
- Share repurchases are expected to be at least $350 million for the full year.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text for the fourth quarter or full year 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income