Tri Pointe Homes, Inc.

Listed Company

TPHCIK 0001561680NYSELarge AcceleratedOperative BuildersDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.47B

Net Income

$241.09M

Total Assets

$4.98B

Equity

$3.32B

Shares Out

85.14M

Op. Cash Flow

$161.46M

Business

Tri Pointe Homes, Inc. is a regionally focused national homebuilder engaged in the design, construction and sale of single-family attached and detached homes. It offers a broad range of products and services including entry-level, move-up, luxury and active-adult home designs, community development, construction management, sales and marketing, and integrated financial services (mortgage, title/escrow and insurance). Its operations are organized into three homebuilding reportable segments (West, Central and East) plus a financial services segment. The company markets and distributes homes across multiple metropolitan markets in the United States through company sales representatives, independent brokers, model homes and digital sales channels.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	3,471	4,493	3,715	4,349	3,982
Other operations expense	3	3	3	3	3
Sales and marketing	194	217	184	175	179
General and administrative	230	256	218	213	200
Homebuilding income from operations	302	577	428	747	605
Equity in income (loss) of unconsolidated entities	3	361,000	−97,000	358,000	−96,000
Other income, net	29	40	39	2	525,000
Income before income taxes	334	617	467	773	626
Provision for income taxes	−93	−159	−118	−191	−156
Net income	241	458	349	582	469
Net loss (income) attributable to noncontrolling interests	95,000	59,000	−5	−6	0
Net income available to common stockholders	241	458	344	576	469
Basic (in dollars per share)	2.73	4.87	3.48	5.6	4.16
Diluted (in dollars per share)	2.72	4.83	3.45	5.54	4.12
Basic (in shares)	88	94	99	103	113
Diluted (in shares)	89	95	100	104	114

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	983	970	869	890	682
Receivables, net	147	112	225	169	117
Real estate inventories	3,178	3,153	3,337	3,174	3,055
Investments in unconsolidated entities	183	174	132	130	118
Mortgage loans held for sale	99	115	0	—	—
Goodwill and other intangible assets, net	157	157	157	157	157
Deferred tax assets, net	43	46	38	35	57
Other assets	188	164	157	166	151
Total assets	4,978	4,891	4,915	4,720	4,336
Accounts payable	42	68	65	62	85
Accrued expenses and other liabilities	425	466	454	443	466
Loans payable	456	271	288	287	251
Senior notes, net	648	647	1,094	1,091	1,087
Mortgage repurchase facilities	91	104	0	—	—
Total liabilities	1,662	1,555	1,901	1,883	1,889
Commitments and contingencies (Note 13)	—	—	—	—	—
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024, respectively	0	0	0	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized; 84,478,836 and 92,451,729 shares issued and outstanding at December 31, 2025 and 2024, respectively	844,000	925,000	955,000	1	1
Additional paid-in capital	0	0	0	4	91
Retained earnings	3,315	3,335	3,010	2,828	2,355
Total stockholders equity	3,316	3,336	3,011	2,832	2,448
Noncontrolling interests	95,000	12,000	3	4	12,000
Total equity	3,316	3,336	3,014	2,837	2,448
Total liabilities and equity	4,978	4,891	4,915	4,720	4,336

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	30	31	27	28	32
Equity in loss (income) of unconsolidated entities, net	−3	−361,000	97,000	−358,000	−15
Deferred income taxes, net	3	−8	−3	22	−10
Amortization of stock-based compensation	31	34	20	19	21
Charges for impairments and lot option abandonments	36	4	14	9	21
Fair value adjustment on mortgage loans held for sale	356,000	−1	0	0	—
Gain on increase in carrying amount of investment	0	−3	0	0	—
Returns on investments in unconsolidated entities, net	3	0	0	2	15
Real estate inventories	−75	183	−173	−123	−161
Mortgage loans held for sale	16	−114	0	0	—
Receivables	−36	113	−55	−52	−53
Other assets	−8	−14	5	−7	21
Accounts payable	−26	3	3	−23	5
Accrued expenses and other liabilities	−52	11	8	−13	74
Net cash provided by operating activities	161	696	195	444	420
Purchases of property and equipment	−33	−23	−25	−44	−29
Proceeds from sale of property and equipment	0	717,000	0	0	2,000
Investments in unconsolidated entities	−46	−73	−17	−15	−43
Distributions from unconsolidated entities	33	32	16	—	—
Net cash used in investing activities	−46	−63	−26	−58	−72
Borrowings from debt	202	420,000	910,000	112	0
Repayment of debt	−16	−468	0	−76	−8
Debt issuance costs	−5	−1,000	−14,000	−2	−4
Borrowings on mortgage repurchase facilities	1,497	633	0	0	—
Repayments on mortgage repurchase facilities	−1,511	−529	0	0	—
Proceeds from land bank financing arrangement	20	0	0	—	—
Distributions to noncontrolling interests	0	−4	−7	−2	0
Proceeds from issuance of common stock under share-based awards	0	1	870,000	2	6
Tax withholding paid on behalf of employees for share-based awards	−12	−19	−10	−9	−5
Share repurchases	−277	−147	−175	−203	−276
Net cash used in financing activities	−103	−532	−190	−178	−287
Net increase (decrease) in cash and cash equivalents	13	101	−21	208	60

Filings

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