BEAZER HOMES USA INCBZH
BEAZER HOMES USA INC Segments Disclosure
Segment Information
Per ASC Topic 280, Segment Reporting (ASC 280), an operating segment is defined as a component of an enterprise that engages in business activities from which it earns revenues and incur expenses and has discrete financial information available that is reviewed regularly by the Company's chief operating decision maker (CODM) to evaluate performance, make operating decisions, and determine how to allocate resources. We have identified each homebuilding component as an operating segment because each homebuilding component is engaged in development, design, construction, marketing, and sale of homes as well as land and lot sales, and provides title examinations for our homebuyers in certain markets. In accordance with the aggregation criteria defined in ASC 280, we aggregate our homebuilding operating segments into reportable segments based on similar long-term economic characteristics and geographical proximity.
We currently operate in 13 states that are grouped into three reportable segments as follows:
West: Arizona, California, Nevada, and Texas
East: Delaware, Indiana, Maryland, Tennessee, and Virginia
Southeast: Florida, Georgia, North Carolina, and South Carolina
Our Corporate and unallocated component includes amortization of capitalized interest, capitalization and amortization of indirect costs, impairment of capitalized interest and capitalized indirect costs, expenses for various shared services functions that benefit all segments but are not allocated, including information technology, treasury, corporate finance, legal, branding and national marketing, and certain other amounts that are not allocated to our operating segments.
The Company's CODM is the Chief Executive Officer. The CODM is regularly provided with the operating results of individual operating segments which comprise our reportable segments. Segment performance is evaluated, and resources are allocated primarily based on segment operating income (loss), which also plays a central role in the Company's forecasting process. In addition, the CODM considers forecast-to-actual variances when determining the allocation of operating and capital resources across segments. The accounting policies of our segments are those described in Note 2.
The following tables provide financial information about our reportable segments and Corporate and unallocated component for the periods presented:
| Fiscal Year Ended September 30, 2025 | |||||||||||||||||||||||||||||||||||
| in thousands | West | East | Southeast | Reportable Segment Subtotal | Corporate and unallocated | Total | |||||||||||||||||||||||||||||
| Revenue | 1,476,311 | 585,337 | 309,907 | 2,371,555 | — | 2,371,555 | |||||||||||||||||||||||||||||
| Home construction and land sale expenses | 1,206,374 | 484,521 | 254,919 | 1,945,814 | 75,268 | 2,021,082 | |||||||||||||||||||||||||||||
| Inventory impairments and abandonments | 4,652 | 215 | 5,852 | 10,719 | 2,240 | 12,959 | |||||||||||||||||||||||||||||
| Commissions | 48,940 | 17,335 | 10,636 | 76,911 | — | 76,911 | |||||||||||||||||||||||||||||
| Sales and marketing | 30,703 | 11,152 | 8,552 | 50,407 | 14,377 | 64,784 | |||||||||||||||||||||||||||||
| Other general and administrative expenses | 33,376 | 14,968 | 12,884 | 61,228 | 78,818 | 140,046 | |||||||||||||||||||||||||||||
| Depreciation and amortization | 9,752 | 2,491 | 1,881 | 14,124 | 5,044 | 19,168 | |||||||||||||||||||||||||||||
| Operating income (loss) | 142,514 | 54,655 | 15,183 | 212,352 | (175,747) | 36,605 | |||||||||||||||||||||||||||||
| Other income, net | 4,245 | ||||||||||||||||||||||||||||||||||
| Income from continuing operations before income taxes | 40,850 | ||||||||||||||||||||||||||||||||||
Total assets(a) | 1,060,650 | 451,299 | 461,110 | 1,973,059 | 636,649 | 2,609,708 | |||||||||||||||||||||||||||||
| Fiscal Year Ended September 30, 2024 | |||||||||||||||||||||||||||||||||||
| in thousands | West | East | Southeast | Reportable Segment Subtotal | Corporate and unallocated | Total | |||||||||||||||||||||||||||||
| Revenue | 1,467,287 | 501,206 | 361,704 | 2,330,197 | — | 2,330,197 | |||||||||||||||||||||||||||||
| Home construction and land sale expenses | 1,154,678 | 407,243 | 281,742 | 1,843,663 | 60,244 | 1,903,907 | |||||||||||||||||||||||||||||
| Inventory impairments and abandonments | 1,805 | 91 | 100 | 1,996 | — | 1,996 | |||||||||||||||||||||||||||||
| Commissions | 50,658 | 15,846 | 13,552 | 80,056 | — | 80,056 | |||||||||||||||||||||||||||||
| Sales and marketing | 27,560 | 10,013 | 7,749 | 45,322 | 11,582 | 56,904 | |||||||||||||||||||||||||||||
| Other general and administrative expenses | 33,027 | 13,323 | 11,417 | 57,767 | 71,674 | 129,441 | |||||||||||||||||||||||||||||
| Depreciation and amortization | 9,820 | 1,792 | 1,478 | 13,090 | 1,777 | 14,867 | |||||||||||||||||||||||||||||
| Operating income (loss) | 189,739 | 52,898 | 45,666 | 288,303 | (145,277) | 143,026 | |||||||||||||||||||||||||||||
| Loss on extinguishment of debt, net | (437) | ||||||||||||||||||||||||||||||||||
Other income, net(b) | 16,496 | ||||||||||||||||||||||||||||||||||
| Income from continuing operations before income taxes | 159,085 | ||||||||||||||||||||||||||||||||||
Total assets(a) | 1,114,450 | 454,255 | 389,058 | 1,957,763 | 633,764 | 2,591,527 | |||||||||||||||||||||||||||||
| Fiscal Year Ended September 30, 2023 | |||||||||||||||||||||||||||||||||||
| in thousands | West | East | Southeast | Reportable Segment Subtotal | Corporate and unallocated | Total | |||||||||||||||||||||||||||||
| Revenue | 1,297,005 | 505,844 | 403,936 | 2,206,785 | — | 2,206,785 | |||||||||||||||||||||||||||||
| Home construction and land sale expenses | 986,289 | 401,852 | 310,874 | 1,699,015 | 64,434 | 1,763,449 | |||||||||||||||||||||||||||||
| Inventory impairments and abandonments | 487 | 154 | — | 641 | — | 641 | |||||||||||||||||||||||||||||
| Commissions | 43,971 | 15,100 | 14,379 | 73,450 | — | 73,450 | |||||||||||||||||||||||||||||
| Sales and marketing | 23,378 | 8,472 | 6,980 | 38,830 | 8,983 | 47,813 | |||||||||||||||||||||||||||||
| Other general and administrative expenses | 29,480 | 13,583 | 12,722 | 55,785 | 76,196 | 131,981 | |||||||||||||||||||||||||||||
| Depreciation and amortization | 7,550 | 1,662 | 1,655 | 10,867 | 1,331 | 12,198 | |||||||||||||||||||||||||||||
| Operating income (loss) | 205,850 | 65,021 | 57,326 | 328,197 | (150,944) | 177,253 | |||||||||||||||||||||||||||||
| Loss on extinguishment of debt, net | (546) | ||||||||||||||||||||||||||||||||||
| Other income, net | 5,939 | ||||||||||||||||||||||||||||||||||
| Income from continuing operations before income taxes | 182,646 | ||||||||||||||||||||||||||||||||||
Total assets(a) | 994,597 | 356,020 | 320,430 | 1,671,047 | 739,986 | 2,411,033 | |||||||||||||||||||||||||||||
(a) Total assets at Corporate and unallocated include cash and cash equivalents, restricted cash, deferred taxes, capitalized interest and indirect costs, and other items that are not allocated to the segments.
(b) We recognized a gain on sale of investment of $8.6 million during the fiscal year ended September 30, 2024 within other income, net. We previously held a minority interest in a technology company specializing in digital marketing for new home communities, which was sold in March 2024. In exchange for the previously held investment, we received cash in escrow along with a minority partnership interest in the acquiring company, which was recorded within other assets in our consolidated balance sheets.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 13, 2025 | Showing above |
| 2024 | Nov 13, 2024 | |
| 2023 | Nov 16, 2023 | |
| 2022 | Nov 10, 2022 | |
| 2021 | Nov 10, 2021 | |
| 2020 | Nov 12, 2020 | |
| 2019 | Nov 13, 2019 | |
| 2018 | Nov 13, 2018 | |
| 2017 | Nov 14, 2017 | |
| 2016 | Nov 15, 2016 | |
| 2015 | Nov 10, 2015 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.