Taylor Morrison tops Q4 forecasts, shares gain in early trade
February 11, 2026 10:20 AM
IH Market News
Taylor Morrison Home Corporation (NYSE:TMHC) delivered fourth-quarter results on Wednesday that surpassed analyst expectations, posting solid performance despite a softer housing backdrop.
Shares of the homebuilder rose 1.91% in premarket trading following the announcement.
The company reported adjusted earnings per share of $1.91, ahead of the $1.73 consensus estimate. Revenue totaled $1.96 billion, slightly exceeding the $1.95 billion forecast, though down 9.7% from $2.17 billion in the same quarter a year earlier.
During the quarter, Taylor Morrison closed 3,285 homes at an average selling price of $596,000, reflecting an 8% drop in closings and a 2% decline in pricing compared with the prior year. Even so, the company maintained a gross margin of 21.8% on home closings.
“We are pleased to report strong fourth quarter results that met or exceeded our expectations across nearly all key operational metrics, despite continued challenging market conditions,” said Sheryl Palmer, Taylor Morrison Chairman and CEO. “These results concluded a solid year of performance in 2025.”
For full-year 2025, the company completed 12,997 home closings, slightly higher than the 12,896 recorded in 2024, with an adjusted gross margin on home closings of 23.0%.
Taylor Morrison also improved its cost efficiency, with SG&A expenses declining to 9.5% of home closings revenue, down 40 basis points year over year.
Looking ahead to the first quarter of 2026, the company expects to close approximately 2,200 homes at an average price near $580,000, with projected gross margins of around 20%.
For the full year 2026, management anticipates approximately 11,000 home closings at average selling prices between $580,000 and $590,000.
The Board of Directors expanded the company’s share repurchase authorization to $1 billion and extended the program through December 2027. In 2025, Taylor Morrison bought back 6.5 million shares for $381 million, representing roughly 6% of its diluted shares outstanding at the start of the year.
Taylor Morrison Home Corporation stock price
Original: Taylor Morrison tops Q4 forecasts, shares gain in early trade
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