Taylor Morrison Q4 EPS $1.76, FY EPS $7.77 and $381M Buybacks
Taylor Morrison posted Q4 net income of $174 million (EPS $1.76) and adjusted net income of $188 million (EPS $1.91) on $1.96 billion revenue from 3,285 homes at a $596,000 average price. Full-year net income was $783 million (EPS $7.77) on $7.76 billion revenue with a 23.0% adjusted gross margin and $381 million in share buybacks.
1. Fourth Quarter Results
In the fourth quarter, Taylor Morrison delivered net income of $174 million (EPS $1.76) and adjusted net income of $188 million (EPS $1.91). Home closings revenue totaled $1.96 billion from 3,285 homes at an average sales price of $596,000, with a 21.8% gross margin, a 9.9% SG&A ratio and 2,499 net sales orders.
2. Full Year 2025 Performance
For the full year, net income reached $783 million (EPS $7.77) and adjusted net income was $830 million (EPS $8.24) on $7.76 billion of home closings revenue across 12,997 homes at a $597,000 average price. Adjusted home closings gross margin was 23.0%, SG&A ratio improved by 40 basis points to 9.5%, and net sales orders totaled 11,074.
3. Share Repurchases and Liquidity
During 2025, the company repurchased 6.5 million shares for $381 million, supporting a 13% return on equity and 14% book value per share growth. Taylor Morrison ended the year with $1.8 billion of total liquidity and 78,835 homebuilding lots owned or controlled, 54% off balance sheet.
4. 2026 Outlook
Management forecasts approximately 2,200 home closings in Q1 at an average price of $580,000 and a 20% gross margin. Full-year 2026 guidance anticipates about 11,000 closings at $580,000–$590,000 average price, mid-10% SG&A ratio, a 25% tax rate, roughly $2 billion in land investment and $400 million in share repurchases.