# Beazer Homes USA, Inc. (BZH)

> Source: Nexqual · https://nexqual.com/BZH · data as of 2026-10-19 20:00 UTC · cite as "Nexqual, Beazer Homes USA, Inc. (BZH), nexqual.com/BZH" · informational, not investment advice.

**Price:** USD 33.48 (+0.09% on the day) · last close of Oct 19, 2026; US market pre market, not a live price. Prev close 33.45 · day 33.46–33.49 · 52w 17.83–34.54 · market cap $893M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.08B, net income -$7.7M (-0.4% margin), free cash flow -$153M (SEC filings).
- 1 of 80 tracked superinvestors hold BZH (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (2 analysts), mean target USD 27.5 (range 22–33).
- Total return with dividends: 1Y +39.6% vs S&P 500 +14.9%; 5Y +81.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD 0.44, revenue estimate $851M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.14B | $2.32B | $2.21B | $2.33B | $2.37B | $2.08B |
| Gross profit | $404M | $538M | $443M | $424M | $338M | — |
| Operating income | $147M | $272M | $177M | $143M | $36.6M | -$37.4M |
| Net income | $122M | $221M | $159M | $140M | $45.6M | -$7.7M |
| EPS (diluted) | $4.01 | $7.17 | $5.16 | $4.53 | $1.52 | — |
| Free cash flow | $17.0M | $66.0M | $158M | -$160M | $3.5M | -$153M |
| Gross margin | 18.9% | 23.2% | 20.1% | 18.2% | 14.2% | — |
| Operating margin | 6.9% | 11.8% | 8.0% | 6.1% | 1.5% | -1.8% |
| Net margin | 5.7% | 9.5% | 7.2% | 6.0% | 1.9% | -0.4% |
| Revenue growth | +0.6% | +8.3% | -4.8% | +5.6% | +1.8% | — |
| Cash + short-term investments | $247M | $215M | $346M | $204M | $215M | — |
| Total debt | $1.05B | $983M | $978M | $1.03B | $1.03B | — |
Fiscal years end Sep. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.4x · EV/Sales 1.1x · P/B 0.8x · FCF yield -17.17% · Earnings yield -0.86% · Buyback yield (TTM) 7.41% · Net debt $1.28B · EV $2.18B
P/E at fiscal year-ends: Sep 2025 16.2x, Sep 2024 7.5x, Sep 2023 4.8x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold BZH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Tweedy Browne |  | 0.12% | $1.5M | Added +7.7% |

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 2 analysts; mean target USD 27.5 (low 22, high 33).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-10 | Oppenheimer | Downgrade | Outperform → Perform |  |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +39.6% | +81.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +40.1% | +12.7% |
| Volatility (annualized) | 52.5% | 51.9% |
| Max drawdown | -35.0% (Feb 2026→May 2026) | -58.9% (Dec 2021→Sep 2022) |

## Peers (Residential Construction)
DFH (Dream Finders Homes, Inc.) USD 10.12 +12.20% · LGIH (LGI Homes, Inc.) USD 42.77 +6.90% · BXBL (BOXABL, Inc.) USD 2.95 +4.98% · LEGH (Legacy Housing Corporation) USD 28.31 +3.89% · HOV (Hovnanian Enterprises, Inc.) USD 101.29 +9.86% · GRBK (Green Brick Partners, Inc.) USD 64.94 +7.02%

## More
Full page: https://nexqual.com/BZH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name BZH in their own reports (relationship from BZH's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Millrose Properties, Inc. (MRP) | 10-K 2026-03-02 | "Kennedy Lewis's in-house land banking servicer includes professionals with deep industry experience working at national homebuilders, including Lennar, Hovnanian Enterprises, Inc., Beazer Homes USA In…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| West | $287.3M | 55.6% | -12.7% | $14.9M | 5.2% |
| East | $121.5M | 23.5% | -18.5% | $5.5M | 4.5% |
| Southeast | $107.4M | 20.8% | +60.2% | $10.0M | 9.3% |
| Corporate costs (not allocated) | — | — | — | -$41.7M | — |
| Total revenue | $516.3M | 100% | — | -$11.4M | -2.2% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Homebuilding revenue | $490.9M | 95.1% | -8.3% |
| Land sales and other revenue | $25.4M | 4.9% | +154.9% |
| Total revenue | $516.3M | 100% | — |

## Company outlook (8-K filed 2026-08-07)

- "Given the pending transaction with Dream Finders Homes, Beazer is withdrawing its previously issued financial outlook and will not host its earnings conference call and webcast that was scheduled for Monday, August 10, 2026."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.44 | $0.58 | -24.1% | $851.4M | 1 |
| Next quarter (ends 2026-12-31) | $-0.20 | $-0.20 | +0.0% | $468.4M | 2 |
| Current fiscal year (ends 2026-09-30) | $-0.67 | $-0.86 | -22.5% | $2.12B | 1 |
| Next fiscal year (ends 2027-09-30) | $1.52 | $1.52 | +0.0% | $2.47B | 2 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 0.0% | ±1.8% |
| 2026-12-18 | 56 | 0.0% | ±1.6% |
| 2027-02-19 | 119 | 0.0% | ±2.5% |