Value Sense
TMHC
Taylor Morrison Home Corporation (TMHC)
Last Price$60.5(1.9%)
Market Cap$6,384.6M
LTM Revenue
$8,168.1M
+10.1% YoY
LTM Net Income
$883.3M
+14.9% YoY
LTM Net Debt
$1,712.3M
Net Debt to FCF - 9.6x
LTM Free Cash Flow (FCF)
$178.9M
2.2% margin

TMHC Income Statement

TMHC Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Revenue
$8,168.1M 10.1% YoY
Gross profit
$1,984.2M 11.3% YoY
24.3% margin
Cost of revenue
$6,183.9M 9.7% YoY
Operating income
$1,213.7M 11.9% YoY
14.9% margin
Other: $44.3M
Net interest: $13.3M
Operating expenses
$770.5M 10.3% YoY
Pre-tax income
$1,156.1M 13.6% YoY
14.2% margin
Net income
$883.3M 14.9% YoY
10.8% margin
Income tax
$269.5M
23.3% tax rate
SG&A
$770.5M 10.3% YoY
9.4% of revenue

TMHC Income statement key metrics

Annual
Quarterly
LTM

Revenue

$8,168.1M +10.1% YoY

Operating Income

$1,213.7M +11.9% YoY

Net Income

$883.3M +14.9% YoY

TMHC Balance Sheet

TMHC Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
$9,297.1M
Current assets ($6,867.7M, 73.9% of total)
Cash & ST investments
$487.2M (5.2%)
Accounts receivables
$217.7M (2.3%)
Other current assets
$6,162.9M (66.3%)
Non-current assets ($2,429.4M, 26.1% of total)
Long-term investments
$439.7M (4.7%)
Other non-current assets
$1,389.2M (14.9%)
Financial position
Net Debt
($329.2M)
$487.2M$158.0M
Cash & Short-term Investments
Total Debt
Quick ratio
1.2x
Net Debt to Free Cash Flow
(1.9x)
Debt to Equity ratio
2.7%

TMHC Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$9,297.1M +7.2% YoY

Liabilities

$3,419.0M +2.4% YoY

Shareholder's Equity

$5,878.2M +10.2% YoY

TMHC Cash Flow Statement

TMHC Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$807.1M$210.1M($136.4M)($393.6M)$0.0$487.2M

TMHC Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$210.1M -73.3% YoY

Capital Expenditure (CAPEX)

($36.3M) +8.7% YoY

Free Cash Flow (FCF)

$173.7M -76.8% YoY

TMHC Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Revenue
% growth
1,297.9
0.0%
1,370.2
5.6%
1,435.7
4.8%
2,323.2
61.8%
2,708.4
16.6%
2,976.8
9.9%
3,550.0
19.3%
3,885.3
9.4%
4,227.4
8.8%
4,762.1
12.6%
6,129.3
28.7%
7,501.3
22.4%
8,224.9
9.6%
7,417.8
(9.8%)
8,168.1
10.1%
Cost of Goods Sold (COGS)1,020.51,090.51,124.71,817.92,142.22,408.92,869.83,146.43,489.23,938.05,085.15,953.46,132.65,634.86,183.9
Gross Profit
% margin
277.4
21.4%
279.7
20.4%
311.0
21.7%
505.3
21.7%
566.2
20.9%
567.9
19.1%
680.3
19.2%
738.9
19.0%
738.2
17.5%
824.1
17.3%
1,044.2
17.0%
1,547.9
20.6%
2,092.4
25.4%
1,783.1
24.0%
1,984.2
24.3%
Operating Expenses151.4145.1141.4233.6250.1293.9361.8390.4416.9490.3572.4668.3643.2698.7770.5
Research & Development Expenses (R&D)0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)151.4145.1141.4233.6250.1293.9361.8390.4416.9490.3572.4668.3643.2698.7770.5
Operating Income
% margin
126.0
9.7%
134.7
9.8%
169.7
11.8%
271.7
11.7%
316.2
11.7%
274.0
9.2%
318.5
9.0%
348.5
9.0%
321.3
7.6%
318.9
6.7%
571.9
9.3%
826.9
11.0%
1,362.6
16.6%
1,084.4
14.6%
1,213.7
14.9%
Interest Income40.32.92.40.50.00.20.20.61.62.71.63.817.70.00.0
Interest Expense80.50.00.00.81.20.00.00.00.0115.6163.83.817.70.013.3
Pre-tax Income88.7101.7170.697.9302.0261.0314.2355.7273.5322.3324.1863.11,392.71,017.81,156.1
Income Tax
% effective tax rate
(1.9)
(2.1%)
24.9
24.5%
(260.3)
(152.6%)
3.1
3.1%
76.4
25.3%
90.0
34.5%
107.6
34.3%
179.0
50.3%
63.0
23.0%
67.4
20.9%
74.6
23.0%
180.7
20.9%
336.4
24.2%
248.1
24.4%
269.5
23.3%
Net Income
% margin
87.4
6.7%
71.5
5.2%
430.8
30.0%
45.4
2.0%
71.5
2.6%
61.0
2.1%
52.6
1.5%
91.2
2.3%
206.4
4.9%
254.7
5.3%
243.4
4.0%
663.0
8.8%
1,052.8
12.8%
768.9
10.4%
883.3
10.8%
EPS0.120.100.601.382.171.851.691.471.852.381.905.269.167.098.48
Diluted EPS0.120.100.601.382.171.851.691.471.792.351.885.189.066.988.33
EBITDA
% margin
129.2
10.0%
138.9
10.1%
98.7
6.9%
214.7
9.2%
320.3
11.8%
278.1
9.3%
322.5
9.1%
352.4
9.1%
347.6
8.2%
350.3
7.4%
509.2
8.3%
919.5
12.3%
1,483.0
18.0%
1,117.8
15.1%
1,254.9
15.4%