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TPH

Tri Pointe Homes, Inc.

TPH

Tri Pointe Homes, Inc. • NYSE
$34.12 ▼ -0.26% (-0.09)
Market Cap $2.93 B
52w High $44.00
52w Low $27.90
Dividend Yield 0%
P/E 10.06
Volume 380.99K
Outstanding Shares 85.95M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $854.729M ▼ $105.193M ▼ $56.144M ▼ 6.569% ▼ $0.65 ▼ $84.371M ▼
Q2-2025 $902.413M ▲ $110.974M ▲ $60.748M ▼ 6.732% ▼ $0.68 ▼ $92.007M ▼
Q1-2025 $740.928M ▼ $100.617M ▼ $64.036M ▼ 8.643% ▼ $0.7 ▼ $93.897M ▼
Q4-2024 $1.254B ▲ $125.975M ▲ $129.213M ▲ 10.305% ▲ $1.39 ▲ $182.958M ▲
Q3-2024 $1.145B $120.478M $111.759M 9.763% $1.19 $160.095M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $791.961M ▲ $4.989B ▲ $1.687B ▲ $3.302B ▲
Q2-2025 $622.642M ▼ $4.798B ▼ $1.508B ▲ $3.29B ▼
Q1-2025 $812.937M ▼ $4.825B ▼ $1.504B ▼ $3.322B ▼
Q4-2024 $970.045M ▲ $4.942B ▲ $1.606B ▲ $3.336B ▲
Q3-2024 $675.957M $4.779B $1.529B $3.25B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $60.71M ▼ $-74.259M ▼ $-36.273M ▼ $-79.763M ▲ $-190.295M ▼ $-84.45M ▼
Q1-2025 $64.017M ▼ $-31.157M ▼ $-3.276M ▲ $-122.675M ▼ $-157.108M ▼ $-39.262M ▼
Q4-2024 $129.213M ▲ $360.299M ▲ $-37.737M ▼ $-28.474M ▼ $294.088M ▲ $355.934M ▲
Q3-2024 $111.759M ▼ $167.869M ▲ $-10.306M ▲ $25.454M ▲ $183.017M ▲ $161.483M ▲
Q2-2024 $118.002M $23.15M $-15.147M $-459.061M $-451.058M $17.02M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Financial Services Segment
Financial Services Segment
 $20.00M ▲$40.00M ▲$20.00M ▼$20.00M ▲
Homebuilding Segment
Homebuilding Segment
 $1.13Bn ▲$2.16Bn ▲$720.00M ▼$880.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Tri Pointe’s income statement shows a builder that has handled the housing cycle reasonably well. Revenue has grown over the five‑year period with a dip in the middle when the broader housing market slowed, then a solid rebound more recently. That pattern fits a cyclical business, but the company appears to have kept sales momentum overall. Profitability has been consistently healthy. Gross and operating margins have stayed solid, even in softer years, which suggests decent pricing power and good cost control. Net income and earnings per share move up and down with the cycle but remain strong by homebuilder standards, indicating that the company can turn its scale and premium positioning into real earnings, not just top‑line growth. The main watchpoints are the natural sensitivity to mortgage rates and demand swings, and the fact that peak profitability is likely behind or ahead of them at any given time. But the trend over several years points to a business that can stay solidly profitable across different market conditions, not just in boom periods.

Balance Sheet

Balance Sheet The balance sheet looks generally sturdy for a homebuilder. Total assets have grown steadily, reflecting continued investment in land and communities. At the same time, shareholder equity has increased, which points to profits being retained in the business and a stronger underlying capital base. Debt levels have come down from earlier years, while cash has built up. That combination — more cash, less debt, and more equity — means the company is less financially stretched than it was, with more flexibility to handle downturns or pursue opportunities. As with all builders, a large part of the balance sheet is tied up in land and housing inventory, which is inherently cyclical and sensitive to local market conditions. But the trend toward lower leverage and higher liquidity is a clear positive from a risk perspective.

Cash Flow

Cash Flow Cash generation has been consistently positive, though understandably uneven from year to year as projects and land spending ebb and flow. Operating cash flow dipped in the slower period but has recently strengthened again as deliveries and profitability picked up. Free cash flow has generally tracked operating cash flow closely because capital spending needs are relatively modest for a homebuilder. This suggests the business doesn’t require heavy ongoing investment in equipment or facilities to grow; most cash decisions are around land and lot positions. The pattern indicates a company that can generate meaningful excess cash in normal conditions. However, timing of land buys and community build‑outs can cause swings from year to year, so cash flow should be viewed over several years rather than in isolation for any single period.

Competitive Edge

Competitive Edge Tri Pointe sits in the competitive U.S. homebuilding space but has tried to differentiate itself away from pure volume and toward design, lifestyle, and higher‑end communities. Its “best of big and small” approach — national scale with strong local teams — is meant to combine cost advantages with local market intelligence. The brand leans into premium positioning, with a focus on modern design, curated finishes, and an elevated customer experience. Strong customer satisfaction scores and national brand unification suggest the company has built recognition beyond just a regional player. Key strengths include: disciplined land buying in desirable locations, a strong culture that attracts and retains talent, and product offerings tuned to trends such as multigenerational living and smart, efficient homes. Main competitive risks include intense rivalry from both large national builders and local niche players, as well as the industry’s sensitivity to affordability, mortgage rates, and local zoning and land constraints.

Innovation and R&D

Innovation and R&D For a homebuilder, Tri Pointe is relatively innovation‑focused, but its “R&D” is more about design, sustainability, and customer experience than lab‑style research. The LivingSmart® platform weaves health, energy efficiency, water savings, and eco‑friendly materials into standard home features. This aligns the product with growing buyer interest in healthier, more efficient, and environmentally conscious homes, and can support both customer appeal and long‑term operating cost savings for homeowners. Programs like LiveAbility™ and GenSmart Suite® target specific lifestyle needs such as aging in place and multigenerational living. The design studio experience and digital visualization tools, plus high‑profile design collaborations, help make the buying and customization process more engaging and less intimidating. Looking ahead, the company is exploring technology and AI to streamline operations and evolve its core programs. While this is not a tech company in the traditional sense, its sustained emphasis on design, smart‑home features, and sustainability acts as a form of ongoing R&D that can keep its product set differentiated in a crowded market.

Summary

Tri Pointe Homes combines the characteristics of a cyclical homebuilder with a clear tilt toward premium, design‑driven communities. Over the past several years it has grown revenue, maintained solid profitability, and strengthened its balance sheet, even while navigating a choppy housing market. Financially, the company now carries less leverage, holds more cash, and has a track record of generating positive free cash flow over time. That gives it more resilience against downturns and more capacity to invest in land and new communities. Strategically, its focus on A‑quality locations, lifestyle‑oriented floor plans, smart and sustainable home features, and a curated design experience helps it stand out from purely price‑driven competitors. Expansion into high‑growth regions and continued evolution of its LivingSmart® and LiveAbility™ programs are key areas to watch. The main uncertainties are the usual ones for homebuilders: interest rate swings, housing affordability, land availability, and local economic conditions. Within that cyclical backdrop, Tri Pointe appears to be positioning itself as a higher‑end, design‑focused builder with a relatively strong financial footing and a clear emphasis on innovation in product and customer experience.

NEWS

November 12, 2025 · 4:30 PM UTC

Tri Pointe Homes Breaks Ground on State-of-the-Art Amenities Center for Altis at Serenity

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October 27, 2025 · 9:00 AM UTC

Tri Pointe Homes Names Steve Francis As Division President In Charlotte

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October 24, 2025 · 6:00 AM UTC

Tri Pointe Homes Named to 2025 Fortune Best Workplaces for Women™ List for the Fourth Consecutive Year

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October 23, 2025 · 6:00 AM UTC

Tri Pointe Homes, Inc. Reports 2025 Third Quarter Results

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September 25, 2025 · 11:07 AM UTC

Tri Pointe Homes Unveils Stylish Homes at McCormick Trails, A Kitsap Peninsula Community Surrounded by Trees

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