Hovnanian Enterprises (HOV) Gross Margin (2010 - 2026)
Hovnanian Enterprises' Gross Margin came in at 15.10% for fiscal Q3 2026 (quarter ended Jul 31, 2026), down 0.06 percentage points from 15.17% a year earlier and down 1.65 percentage points from the prior quarter.
Hovnanian Enterprises (HOV) Gross Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Hovnanian Enterprises reported Gross Margin of 15.48%, down 2.70 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it came in at 16.00%, down 5.28 percentage points from FY2024.
- Gross Margin has declined in each of the last three fiscal years, with a five-year change of -1.59 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Gross Margin was 21.28% in FY2024 (-1.24 pp), 22.52% in FY2023 (-0.95 pp), 23.47% in FY2022 (+2.45 pp) and 21.02% in FY2021 (+3.43 pp).
- The five-year range for quarterly Gross Margin is 14.08% (fiscal Q4 2025) to 25.46% (fiscal Q3 2022).
- Year-over-year, Gross Margin has declined for nine consecutive quarters, with an average year-over-year change of -3.33 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in fiscal Q2 2022 (a gain of 4.54 percentage points), and the weakest in fiscal Q4 2025 (a drop of 7.33 percentage points).
- Business Quant data shows HOV's Gross Margin at 16.76% (Q2 2026), 16.36% (Q1 2026) and 14.08% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 30.03 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 22.22 Bn | 15.51 Bn | 1.06 Bn | 26.57% |
| 3 | Lennar | 17.48 Bn | 6.90 Bn | 807.31 Mn | 10.17% |
| 4 | Nvr | 16.60 Bn | 9.88 Bn | 485.14 Mn | 20.85% |
| 5 | Toll Brothers | 12.52 Bn | 7.91 Bn | 625.22 Mn | 23.52% |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 20.95% |
| 7 | Champion Homes | 4.79 Bn | 2.27 Bn | - | - |
| 8 | Cavco Industries | 4.30 Bn | 3.05 Bn | - | - |
| 9 | Meritage Homes | 4.17 Bn | 1.09 Bn | 513.60 Mn | 18.28% |
| 10 | Hovnanian Enterprises | 720.45 Mn | -449.95 Mn | 106.58 Mn | 15.10% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 15.10% |
| Apr 30, 2026 | 16.76% |
| Jan 31, 2026 | 16.36% |
| Oct 31, 2025 | 14.08% |
| Jul 31, 2025 | 15.17% |
| Apr 30, 2025 | 17.51% |
| Jan 31, 2025 | 17.74% |
| Oct 31, 2024 | 21.41% |
| Jul 31, 2024 | 20.75% |
| Apr 30, 2024 | 21.89% |
| Jan 31, 2024 | 21.00% |
| Oct 31, 2023 | 25.25% |
| Jul 31, 2023 | 22.52% |
| Apr 30, 2023 | 20.11% |
| Jan 31, 2023 | 21.12% |
| Oct 31, 2022 | 21.46% |
| Jul 31, 2022 | 25.46% |
| Apr 30, 2022 | 25.14% |
| Jan 31, 2022 | 21.86% |
| Oct 31, 2021 | 21.60% |
Hovnanian Enterprises Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=HOV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "HOV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=HOV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();