Taylor Morrison Home CorporationTMHC
NYSE•Consumer Cyclical•Residential Construction
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a homebuilder and land developer in the United States. It designs, builds, and sells single, and multifamily detached and attached homes in markets for entry-level, move-up, and resort lifestyle buyers under the Taylor Morrison and Esplanade brand names; and develops lifestyle and master-planned communities with single, and multi-family detached and attached homes. The company is also involved in the Build-to-Rent homebuilding business under the Yardly brand name; and provision of financial services, title insurance, and closing settlement services. Taylor Morrison Home Corporation was founded in 1936 and is headquartered in Scottsdale, Arizona.
Taylor Morrison Home Corporatio (TMHC) reported trailing twelve months revenue of $7.61B as of March 2026, a 9.0% decline year-over-year. Quarterly revenue reached $1.39B, reflecting a contraction in sales.
Taylor Morrison Home Corporatio generated $667.66M in TTM net income, with quarterly EBITDA of $142.44M. The operating margin contracted from 14.8% to 9.5%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (9.5%) and net margin (7.1%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 11.3% a year ago, reflecting increased costs or interest expense.
TMHC trades at a P/E of 10.3x (below the broader market average) and a P/S of 0.9x. The price-to-book ratio of 1.1x reflects a moderate premium to book value.
The company reported negative free cash flow of $-20.39M, indicating cash consumption over the period. The balance sheet shows $9.77B in total assets with $2.34B in long-term debt against $6.25B in stockholders equity for a debt-to-equity ratio of 0.4, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~13.3% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~13.7% on average, adequate but below the threshold typically associated with wide moats.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 19.2% — watch for continued compression, which may signal competitive or cost pressure.
FCF consistently trails net income (avg 0.6x) — earnings may be inflated by non-cash items or aggressive accounting.
D/E ratio is 0.4 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares decreased 9.0% — net buybacks are reducing shares outstanding and boosting per-share value.