Taylor Morrison Home Corp Q1 Revenue Drops 28% to $1.39 Billion
Taylor Morrison Home Corp, a Delaware-incorporated homebuilder, reported revenue of $1.39 billion for the quarter ending March 31, 2026, down 28% from $1.90 billion in the same period a year earlier.
Taylor Morrison Home Corp, a Delaware-incorporated homebuilder, reported revenue of $1.39 billion for the quarter ending March 31, 2026, down 28% from $1.90 billion in the same period a year earlier. Net income fell 54% to $98.6 million compared with $213.5 million in the first quarter of 2025. Read more earnings reports.
The company posted diluted earnings per share of $1.01 for the three months ending March 31, 2026, down from $2.07 in the year-ago quarter. Basic earnings per share came in at $1.03, compared with $2.11 a year earlier.
Home sales revenue reached $1.31 billion in the quarter, a decline from $1.83 billion in the first quarter of 2025. Financial services revenue rose to $49.3 million from $51.2 million, while land sales and other revenue climbed to $11.9 million from $10.5 million.
Cost of revenue totaled $1.10 billion for the quarter ending March 31, 2026, down from $1.43 billion a year earlier. Gross profit fell to $290.6 million from $463.3 million in the same period of 2025.
The company reported negative cash flow from operations of $10.4 million for the quarter, compared with positive cash flow of $77.2 million in the first quarter of 2025. Cash used in investing activities was $18.1 million, while cash used in financing activities totaled $169.2 million.
Taylor Morrison's cash and cash equivalents stood at $652.9 million as of March 31, 2026, down from $850.0 million at the end of December 2025. Total debt climbed to $2.34 billion from $2.29 billion over the same period.
Total assets declined to $9.77 billion as of March 31, 2026, from $9.84 billion at year-end 2025. Inventory rose to $4.76 billion from $4.66 billion during the quarter. Property, plant and equipment increased to $268.8 million from $259.0 million.
Common shares outstanding fell to 94.5 million as of March 31, 2026, from 96.5 million at the end of 2025. The weighted average diluted share count for the quarter was 97.5 million, down from 103.0 million in the first quarter of 2025.
| Financial Metric | Q1 2026 | Q1 2025 |
|---|---|---|
| Total Revenue | $1.39 billion | $1.90 billion |
| Net Income | $98.6 million | $213.5 million |
| Diluted EPS | $1.01 | $2.07 |
| Gross Profit | $290.6 million | $463.3 million |
| Operating Cash Flow | -$10.4 million | $77.2 million |
| Total Assets | $9.77 billion | — |
| Total Debt | $2.34 billion | — |
| Cash & Equivalents | $652.9 million | — |