BZH
BEAZER HOMES USA INC
Next earnings Jul 29, 2026 · consensus $-0.34 EPS, $516M rev
Last earnings +2.0% on 2026-04-30
$29.20
▲ +6.14%$29.20▲ +30.77%
over 1Y
L $18.03EODHDH $29.20
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+6.1%
1W+10.3%
1M+16.8%
3M+53.4%
YTD+44.2%
1Y+30.8%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 7 analysts
Buy
Cheap on book value with deleveraging on track, but FY25 earnings collapsed -67% as affordability bites — fair, not compelling.
Book value per share $42.57 · FY2025 (Sep-30-2025)
The read
Middling fundamentals and a rich price (~62% above fair value) leave little margin of safety — a wait-and-see.
Beazer is trading at $28.20 versus a stated book value of $42.57 per share — roughly 0.66x book — which is the single most attractive feature of this setup and the same logic management cited when buying back 1.5M shares (~5% of float) at an average $22.20 in fiscal 2025. The balance sheet supports the trade: $1.25B equity against $1.36B liabilities (1.09x), $219M cash, and management's reported net debt / net cap of 39.5%, down 50bp YoY and on a stated glide path to the 'low 30%' range by FY27. Community count grew to 169 (+4.3%) with a goal of 200+ by FY27, so the long-term volume story is intact.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.14B | $2.32B | $2.21B | $2.33B | $2.37B |
| Gross profit | $404M | $538M | $443M | $424M | $338M |
| Operating income | $147M | $272M | $177M | $143M | $36.6M |
| Net income | $122M | $221M | $159M | $140M | $45.6M |
| Diluted EPS | $4.01 | $7.17 | $5.16 | $4.53 | $1.52 |
| Net margin | 5.7% | 9.5% | 7.2% | 6.0% | 1.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF249.7
PEG (trailing)—
Earnings yield5.2%
FCF yield0.4%
Quality & risk
ROIC (est.)1.1%
Free cash flow$3.48M
Total debt$1.50B
Net cash-$1.28B
Piotroski F-Score5/8
Capital returns
Buyback yield3.8%
Dividend yield (est.)0.0%
Shareholder yield3.8%
Shares Δ YoY-4.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Material agreement2026-06-23
Entered material agreement + new debt obligation; likely senior notes refinancing
- 8-K Earnings results2026-04-30
Q2 FY26 10-Q: discounts and incentives keep compressing margins
- 10-Q Quarterly report2026-04-30
Q2 FY26 10-Q: discounts and incentives keep compressing margins
- 8-K Material agreement2026-03-17
New material agreement + debt creation with Reg FD; likely senior notes offering
- 8-K Charter / bylaws change2026-02-05
Annual meeting vote results disclosed and bylaws amended; routine governance
- 8-K Earnings results2026-01-29
Q1 FY26 10-Q shows continued margin pressure from heavy buyer incentives
- 10-Q Quarterly report2026-01-29
Q1 FY26 10-Q shows continued margin pressure from heavy buyer incentives
- DEF 14A Proxy statement2025-12-22
FY26 annual proxy filed; routine shareholder meeting governance
- 8-K Officer / director change2025-12-09
Executive officer or director change announced
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-232026-06-23open ↗SCHEDULE 13GFiling2026-05-13open ↗10-QPeriod ending 2026-03-312026-04-30open ↗8-KPeriod ending 2026-04-302026-04-30open ↗SCHEDULE 13G/AFiling2026-03-26open ↗8-KPeriod ending 2026-03-132026-03-17open ↗SCHEDULE 13GFiling2026-02-12open ↗8-KPeriod ending 2026-02-052026-02-05open ↗4Period ending 2026-02-042026-02-05open ↗10-QPeriod ending 2025-12-312026-01-29open ↗8-KPeriod ending 2026-01-292026-01-29open ↗DEF 14APeriod ending 2025-09-302025-12-22open ↗
Frequently asked
- Is BEAZER HOMES USA INC (BZH) a buy?
- BZH currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Cheap on book value with deleveraging on track, but FY25 earnings collapsed -67% as affordability bites — fair, not compelling.
- What is BZH's fair value?
- A Modified-Graham model based on BZH's SEC fundamentals estimates a fair value of about $11.05. It is an estimate from reported earnings, not a price target.
- Is BZH overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, BZH currently appears overvalued relative to its SEC-grounded earnings power.
- What is BEAZER HOMES USA INC's quality score?
- BZH scores 60.882352941176464/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000915840, latest 10-Q filed 2026-04-30) · EODHD · analysis by claude-code · as of 6/25/2026, 3:07:25 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.