📈 Price History

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About

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a homebuilder and land developer in the United States.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding TMHC

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	51.7K	$3.0M	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific ~ Volatile 4 quarters analysed

Q2 2025

Confident Specific

Management leads with 'met or exceeded our guidance on substantially all key metrics' and provides numerous specific figures (e.g., 3,340 homes, $589K average price, 23% adjusted gross margin, 90 bps SG&A leverage). They acknowledge headwinds but frame them as manageable, maintaining a disciplined focus on returns.

Q3 2025

Confident Specific

Management repeatedly stated they 'met or exceeded guidance on all key metrics' and described results as 'strong' despite 'challenging market conditions'. Specific numbers for deliveries, ASP, gross margin, and SG&A were given, and the tone was factual and forward-looking without evident hedging or defensiveness.

Q4 2025

Cautious

Management expressed satisfaction with the quarter's outperformance ('met or exceeded our expectations') but repeatedly used cautious language such as 'cautiously encouraged', 'challenging market conditions', and 'consumer confidence critical'.

Q1 2026 latest

Confident Specific

Management repeatedly emphasized 'effectiveness of our diversified strategy' and 'disciplined execution', provided specific numbers like adjusted EPS $1.12 and 11% book value growth, and reaffirmed full-year guidance despite acknowledging 'consumer cautiousness' and 'macro uncertainty'.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis remains largely unchanged after this call. Management reaffirmed full-year guidance and delivered a Q1 gross margin above expectations, demonstrating operational discipline. The pivot to to-be-built mix and spec inventory reduction are positive signals for future margin recovery. However, the 14% order decline and cautious consumer backdrop warrant monitoring, especially given macro uncertainties. Key items to watch next quarter are the pace of community openings, the trajectory of incentives and margins in H2, and whether order trends improve as selling season progresses. The strong balance sheet and share buyback commitment provide downside support.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific ~ Volatile 4 quarters Full tone analysis in Intelligence →

📊 MIXED Taylor Morrison Q1 2026: 2,268 homes delivered, revenue $1.3B, adjusted EPS $1.12, reaffirms full-year guidance.

Revenue & Profitability

For Q1 2026, Taylor Morrison reported net income of $99 million ($1.01 per diluted share) and adjusted net income of $109 million ($1.12 per diluted share). Home closings revenue was approximately $1.3 billion, down from $1.8 billion in Q1 2025. Adjusted home closings gross margin was 20.6%, above guided 20%. The company ended the quarter with $1.6 billion in liquidity and net homebuilding debt-to-capital ratio of 20.5%.

Outlook

Management noted that the spring selling season has been consistent with normal seasonal patterns, though with slightly less acceleration due to consumer cautiousness. They expect aggregate demand for their homes remains strong, but macro uncertainties (geopolitical, interest rates) are causing buyers to be more deliberate. The company sees gradual margin improvement beginning in the second half of 2026, contingent on interest rate and sales environment.

Growth Drivers

Key growth levers include opening more than 125 new communities in 2026 (40 already opened in Q1), with a focus on Esplanade (over 20 new communities, including first in Nevada). The company is shifting toward to-be-built homes, which now represent 38% of orders (up from 28% in Q4 2025). Community count is expected to reach 365-370 by year-end, up from 341. Yardly and financial services also contribute to growth.

Balance Sheet & CapEx

In Q1 2026, the company invested $503 million in land and development ($279 million lot acquisitions, $224 million development). Full-year 2026 planned homebuilding acquisition and development spend is approximately $2 billion. Additionally, $150 million was spent on share repurchases in Q1, with a full-year target of $400 million. The company expects average diluted share count of about 95 million.

Margins

Adjusted home closings gross margin came in at 20.6% for Q1, above guidance. Incentives on new orders improved by 100 basis points sequentially. The company expects gradual margin improvement in the second half of 2026, driven by a higher mix of to-be-built homes. SG&A was 11.4% of revenue in Q1, targeted at mid-10% for the full year. The Q2 2026 guidance implies a slight step-down in margins due to mix and higher interest rates, with improvement expected thereafter.

Key Risks

Management cited macro uncertainty, geopolitical turmoil, and higher mortgage rates as key headwinds that may impact consumer confidence and sales pace. Affordability constraints and AI-related employment concerns were noted but not a significant factor. Incentive pressure may persist if rates remain elevated. The company also faces risk from land banking interest expense (about 25-30 bps of capitalized interest in Q1) and potential construction cost inflation later in the year.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q1 2026 Q1 2026 2026-04-22

First quarter results showed strong execution with $1.3B in revenue, 20.6% adjusted gross margin, and a 23% increase in backlog. Guidance for 2026 was reaffirmed, with margin improvement expected in the second half as to-be-built sales rise and inventory stabilizes.

Q4 2025 Q4 2025 2026-02-11

Fourth quarter and full-year 2025 results met or exceeded expectations, with strong gross margins, improved SG&A leverage, and robust capital returns. 2026 guidance anticipates lower home deliveries and margins early in the year, but expects improvement as the mix shifts to higher-margin to-be-built homes and new community openings accelerate.

Q3 2025 Q3 2025 2025-10-22

Q3 results exceeded guidance on key metrics, with strong margins, improved SG&A leverage, and robust liquidity. Over 100 new communities are set to open next year, supporting outlet growth, while innovative sales tools and disciplined capital allocation position the business for continued resilience.

Q2 2025 Q2 2025 2025-07-23

Q2 2025 results met or exceeded guidance, with 3,340 homes delivered and $2B in revenue. Spec sales hit a record 71%, pressuring margins, but full-year adjusted gross margin is expected at 23%. A $3B finance facility was secured, and share repurchases continue.

Q1 2025 Q1 2025 2025-04-23

Q1 saw 12% revenue growth and 25% higher adjusted EPS, driven by strong operational execution and a diversified portfolio. Guidance was revised lower for full-year deliveries and margins due to higher spec penetration and market headwinds, but liquidity and capital allocation remain robust.

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