BZH BEAZER HOMES USA INC

Overview and Growth

Fiscal 2025 results for BEAZER HOMES USA INC combined $2.37B of revenue with net income of $45.59M and an operating cash inflow of $31.98M. The $2.37B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 1.8% from $2.33B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $1.52, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 66.4% decrease from fiscal 2024 diluted EPS of $4.53. At period end, total assets were $2.61B, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.91x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $337.51M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 14.2%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was $36.60M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 1.5% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $45.59M, after the operating, financing, tax, and other items recognized for the period. Net margin was 1.9%, meaning that this portion of revenue remained as net income after all recognized expenses. The earnings statement records $40.85M of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 1.7% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized an income-tax benefit of $4.74M, increasing after-tax earnings relative to the pretax result. The tax benefit equaled 11.6% of positive pretax income, lifting the after-tax result. Return on period-end equity was 3.7%, relating annual net income to the equity capital on the balance sheet. Return on period-end assets was 1.7%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

At period end, the $2.61B asset base was financed through $1.36B of liabilities and $1.25B of equity. Cash and equivalents totaled $218.57M, identifying the most liquid reported component available within the broader current-asset balance. Relative to total assets, liabilities measured 52.1%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 8.4%, comparing reported cash and equivalents with the full positive asset balance. Compared with $2.59B in fiscal 2024, the current asset base moved 0.7% and finished higher. Book equity was 1.4% higher than fiscal 2024 equity of $1.23B, showing how shareholder capital changed year over year. The reported cash balance changed 9.9% from $242.61M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $31.98M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 0.7x, showing the relationship between accrual earnings and operating cash. Capital spending was $28.50M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 89.1% of operating cash flow, quantifying the share of cash from operations directed to investment. The combination of operating cash flow and capital spending produced $3.48M of positive free cash flow for the period. The free-cash-flow margin was 0.1%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 0.1%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Sep 30, 2025. Analysis generated Oct 21, 2026.