Hovnanian Enterprises (HOV) Change in Inventory (2010 - 2026)

Hovnanian Enterprises (HOV) reported Change in Inventory of -$180.7 million for Q1 2026, down 420246.51% on a YoY basis from N/an in Q1 2025, and down 31.65% quarter-over-quarter from -$137.2 million in Q4 2025.

Hovnanian Enterprises (HOV) Change in Inventory (2010 - 2026) Analysis & Trends

Hovnanian Enterprises has reported Change in Inventory for 17 years, with the latest figure at -$180.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Inventory fell 420246.51% year-over-year to -$180.7 million; the trailing twelve-month figure through Jan 2026 stood at -$272.3 million (down 495.33% YoY), and the FY2025 full-year result was -$91.6 million, down 149.94% from the prior year.
  • Change in Inventory for Q1 2026 stood at -$180.7 million, down from -$137.2 million in the prior quarter.
  • The five-year high for Change in Inventory was $159.2 million in Q1 2022, with the low at -$180.7 million in Q1 2026.
  • Historically, Change in Inventory has averaged $13.4 million across 5 years, with a median of $2.3 million in 2024.
  • Annual changes were most pronounced in 2024 — Change in Inventory jumped 1082.72% — and 2026, when it slumped 420246.51%.
  • Hovnanian Enterprises' Change in Inventory stood at -$53.9 million in 2022, then fell by 14.12% to -$61.5 million in 2023, then surged by 103.66% to $2.3 million in 2024, then slumped by 6193.65% to -$137.2 million in 2025, then sank by 31.65% to -$180.7 million in 2026.
  • The last three Change in Inventory figures came in at -$180.7 million (Q1 2026), -$137.2 million (Q4 2025), and -$35.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Horton D R 43.54 Bn 42.20 Bn 1.70 Bn 1.28 Bn
2 Pultegroup 23.57 Bn 21.76 Bn 881.27 Mn 376.39 Mn
3 Lennar 22.65 Bn 20.45 Bn 6.36 Bn 652.02 Mn
4 Nvr 17.80 Bn 16.15 Bn 1.31 Bn 214.95 Mn
5 Toll Brothers 13.73 Bn 12.64 Bn 604.89 Mn 175.80 Mn
6 Taylor Morrison Home 6.88 Bn 6.88 Bn 290.64 Mn 127.34 Mn
7 Installed Building Products 5.53 Bn 5.05 Bn 212.30 Mn 2.10 Mn
8 Meritage Homes 4.85 Bn 4.09 Bn -269,000.00 -34.05 Mn
9 Cavco Industries 4.56 Bn 4.52 Bn 135.92 Mn -15.74 Mn
10 Hovnanian Enterprises 739.67 Mn 732.16 Mn 417.00 Mn -180.66 Mn

Historic Data

Download Data
DateValue
Jan 31, 2026 -180.66 Mn
Jan 31, 2026 -180.66 Mn
Oct 31, 2025 -137.23 Mn
Oct 31, 2025 -137.23 Mn
Jul 31, 2025 -34.99 Mn
Jul 31, 2025 -34.99 Mn
Apr 30, 2025 80.53 Mn
Apr 30, 2025 80.53 Mn
Jan 31, 2025 43,000.00
Jan 31, 2025 43,000.00
Oct 31, 2024 2.25 Mn
Oct 31, 2024 2.25 Mn
Jul 31, 2024 112.86 Mn
Jul 31, 2024 112.86 Mn
Apr 30, 2024 -46.26 Mn
Apr 30, 2024 -46.26 Mn
Jan 31, 2024 114.67 Mn
Jan 31, 2024 114.67 Mn
Oct 31, 2023 -61.46 Mn
Oct 31, 2023 -61.46 Mn