Hovnanian Enterprises (HOVNP) Gross Margin (2010 - 2026)
Hovnanian Enterprises' (HOVNP) quarterly Gross Margin came in at 15.1% in Q3 2026, down 6.0% on a YoY basis from 16.07% in Q3 2025, and down 9.87% quarter-over-quarter from 16.76% in Q2 2026.
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Hovnanian Enterprises (HOVNP) Gross Margin (2010 - 2026) Analysis & Trends
Hovnanian Enterprises (HOVNP) has reported Gross Margin for 17 consecutive years, with 15.1% the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Gross Margin fell 6.0% year-over-year to 15.1%; the trailing twelve-month figure through Jul 2026 stood at 15.48% (down 270.0% YoY), and the FY2025 full-year result was 16.0%, down 528.0% from the prior year.
- Gross Margin slipped to 15.1% in Q3 2026 per HOVNP's latest filing, from 16.76% in the prior quarter.
- Across five years, Gross Margin topped out at 25.46% in Q3 2022 and bottomed at 14.08% in Q4 2025.
- Historically, Gross Margin has averaged 20.04% across 5 years, with a median of 21.0% in 2024.
- The sharpest annual moves came in 2022 and 2025: Gross Margin soared 454 bps in 2022, then sank 733 bps in 2025.
- Over 5 years, Gross Margin stood at 21.46% in 2022, then advanced by 18 bps to 25.25% in 2023, then slipped by 15 bps to 21.41% in 2024, then sank by 34 bps to 14.08% in 2025, then advanced by 7 bps to 15.1% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 15.1%, 16.76%, and 16.36% for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 40.06 Bn | 38.52 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 23.32 Bn | 21.94 Bn | 1.06 Bn | 26.57% |
| 3 | Lennar | 17.60 Bn | 15.42 Bn | 7.69 Bn | 96.82% |
| 4 | Nvr | 16.78 Bn | 15.69 Bn | 485.14 Mn | 20.85% |
| 5 | Toll Brothers | 13.05 Bn | 12.01 Bn | 625.22 Mn | 23.52% |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 20.95% |
| 7 | Meritage Homes | 4.38 Bn | 3.58 Bn | 254.14 Mn | 18.14% |
| 8 | M | 3.74 Bn | 3.01 Bn | 235.50 Mn | 22.15% |
| 9 | Kb Home | 3.20 Bn | 3.14 Bn | 174.03 Mn | 15.64% |
| 10 | Hovnanian Enterprises | 126.80 Mn | 119.29 Mn | 106.58 Mn | 15.10% |
Historic Data
Download Data
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% |