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Mar 31
Tri Pointe Q1 2025 Earnings Report
Tri Pointe reported Q1 2025 results with solid earnings, disciplined execution, and stable margins despite a year-over-year decline in revenue and home deliveries.
Key Takeaways
Tri Pointe Homes delivered 1,040 homes in Q1 2025, generating $720.8 million in revenue and $64 million in net income. The company maintained a strong homebuilding gross margin of 23.9%, even as demand faced seasonal and macroeconomic pressures.
Delivered 1,040 homes in Q1 2025 compared to 1,393 in Q1 2024.
Achieved $720.8 million in home sales revenue.
Reported net income of $64 million and EPS of $0.70.
Homebuilding gross margin was stable at 23.9%.
Tri Pointe
Tri Pointe
Tri Pointe Revenue by Geographic Location
Revenue by Geographic Location
Arizona Revenue
CapyFin.comCalifornia Revenue
CapyFin.comNevada Revenue
CapyFin.comWashington Revenue
CapyFin.comColorado Revenue
CapyFin.comTexas Revenue
CapyFin.comWashington D.C. Area (MD, VA, DC) Revenue
CapyFin.comWashington D.C. Area (MD, VA, DC) Revenue
CapyFin.com Forward Guidance
Tri Pointe expects to deliver 1,100 to 1,200 homes in Q2 2025 at an average sales price of $680,000 to $690,000. Margins are anticipated to slightly contract, with SG&A and tax rates remaining stable.
Positive Outlook
- Home deliveries forecasted to rise to up to 1,200 units.
- Average sales prices expected to remain near Q1 levels.
- Continued strong liquidity position with $1.5B in total liquidity.
- Operational efficiency remains a strategic focus.
- Stable tax rate guidance around 27%.
Challenges Ahead
- Expected contraction in gross margin to 21.5%–22.5%.
- SG&A expense projected to increase slightly as a percentage of revenue.
- Ongoing trade tensions and tariffs impacting buyer confidence.
- Continued softness in demand due to macroeconomic uncertainty.
- Higher cancellation rate reported compared to prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income