Beazer Homes USA, Inc. reported a total revenue of $2.37 billion for the fiscal year ending September 30, 2025, reflecting a slight increase of 1.8% from $2.33 billion in the previous year. The company's homebuilding segment generated $2.30 billion in revenue, up from $2.29 billion in fiscal 2024. However, net income decreased significantly to $45.6 million, down from $140.2 million in the prior year, primarily due to a decline in gross profit and increased inventory impairments. The gross margin for homebuilding fell to 14.3%, down from 18.0% in the previous year, impacted by price concessions and increased sales incentives.
In terms of operational metrics, Beazer Homes experienced a decrease in net new orders, which totaled 3,890 for the year, down 7.8% from 4,221 in fiscal 2024. The average active community count increased to 164, up 14.2% from 144 in the prior year, indicating a strategic focus on expanding community presence despite the overall decline in orders. The company controlled 25,660 lots as of September 30, 2025, a decrease of 10.1% from the previous year, with 62.1% of these lots held under option agreements, allowing for flexibility in land acquisition.
Strategically, Beazer Homes has been focusing on its Multi-Year Goals, which include reaching over 200 active communities by the end of fiscal 2027 and reducing its net debt to net capitalization ratio to the low 30% range. As of September 30, 2025, the net debt to net capitalization ratio stood at 39.5%, down from 40.0% the previous year. The company also repurchased approximately 1.5 million shares of its common stock for $33.1 million during the fiscal year, reflecting a commitment to returning capital to shareholders.
Looking ahead, Beazer Homes anticipates continued challenges in the housing market due to elevated mortgage rates and affordability concerns. The company plans to maintain a disciplined approach to capital allocation, focusing on land acquisition strategies that align with market conditions. Beazer remains optimistic about long-term housing demand, citing a fundamental undersupply of homes as a potential driver for future growth. The company is also committed to enhancing its energy-efficient home offerings, which it believes will resonate with consumers seeking lower utility costs and sustainable living options.
About BEAZER HOMES USA INC
Beazer Homes USA, Inc. is a geographically diversified homebuilder operating in 13 U.S. states across the West, East, and Southeast regions. The company designs, sells, and constructs single-family and multi-family homes targeting entry-level, move-up, and 55+ buyers. Beazer emphasizes energy-efficient, quality homes with flexible floor plans and competitive pricing. Its business model includes land acquisition, development, and home construction, supported by a network of subcontractors and a customer-focused sales approach.
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