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

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

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

Hovnanian Enterprises' Change in Inventory history runs 17 years deep, the most recent figure standing at -$180.7 million for Q1 2026.

  • Quarterly Change in Inventory fell 420246.51% year-over-year to -$180.7 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was -$272.3 million (down 495.33% YoY) and the FY2025 annual result came in at -$91.6 million, down 149.94% from the prior year.
  • Change in Inventory was -$180.7 million for Q1 2026 at Hovnanian Enterprises, down from -$137.2 million in the prior quarter.
  • Across five years, Change in Inventory topped out at $159.2 million in Q1 2022 and bottomed at -$180.7 million in Q1 2026.
  • A 5-year average of $13.4 million and a median of $2.3 million in 2024 frame the typical range for Change in Inventory.
  • Annual changes were most pronounced in 2024 — Change in Inventory jumped 1082.72% — and 2026, when it sank 420246.51%.
  • Hovnanian Enterprises' Change in Inventory stood at -$53.9 million in 2022, then decreased by 14.12% to -$61.5 million in 2023, then jumped by 103.66% to $2.3 million in 2024, then plunged by 6193.65% to -$137.2 million in 2025, then tumbled by 31.65% to -$180.7 million in 2026.
  • Business Quant data shows HOV's Change in Inventory at -$180.7 million in Q1 2026, -$137.2 million in Q4 2025, and -$35.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Horton D R 40.90 Bn 39.56 Bn 2.15 Bn 532.90 Mn
2 Pultegroup 23.36 Bn 22.03 Bn 3.92 Bn 430.91 Mn
3 Lennar 19.77 Bn 19.63 Bn 7.69 Bn 436.85 Mn
4 Nvr 17.18 Bn 15.54 Bn 1.31 Bn 214.95 Mn
5 Toll Brothers 15.08 Bn 13.99 Bn 604.89 Mn 175.80 Mn
6 Taylor Morrison Home 6.96 Bn 6.31 Bn 290.64 Mn 127.34 Mn
7 Installed Building Products 5.97 Bn 5.50 Bn 212.30 Mn 2.10 Mn
8 Meritage Homes 4.78 Bn 4.01 Bn 68.61 Mn -34.05 Mn
9 Champion Homes 4.47 Bn 3.81 Bn 172.19 Mn -11.15 Mn
10 Hovnanian Enterprises 847.85 Mn 840.35 Mn 631.95 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