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Sep 30, 2025
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.
Revenue by Segment
Revenue by Geographic Location
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
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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