Taylor Morrison Home Corporation (TMHC)

In April 2026, Taylor Morrison reported weaker first-quarter results with revenue falling to $1.39 billion and net income declining to $98.6 million. Home closings decreased to 2,268 units, and the home closings gross margin compressed to 20.0%. Net sales orders also fell by 13.6%, and the sales order backlog units and value decreased by approximately 32% year-over-year. Despite this, the company completed a share buyback of over 10 million shares for approximately $620 million by March 31, 2026. For the full year 2025, reported net income was $783 million, and adjusted net income was $830 million. Taylor Morrison also saw a pickup in interest and demand in January 2026, and cancellations declined in Q4 2025. Management reaffirmed its 2026 guidance of approximately 11,000 closings and $400 million in buybacks.

The homebuilding industry, including Taylor Morrison, experiences seasonality, with spring and summer being peak seasons due to favorable weather and families moving before the school year. Fall can also be busy, while winter typically sees a slowdown, although improved building technologies have somewhat diminished extreme seasonality. Taylor Morrison's management has acknowledged the seasonality of their business and noted a pickup in interest and demand in January, signaling the start of the spring selling season.

Taylor Morrison Home Corp. is an American residential homebuilder and land developer based in Scottsdale, Arizona, operating in the Consumer Discretionary sector. The company designs, builds, and sells single-family homes catering to various buyer segments and develops lifestyle communities. Taylor Morrison has also diversified into the Build-to-Rent business under the Yardly brand and provides financial services through its subsidiaries.

Taylor Morrison operates across 20 markets in 12 states in the U.S. Their operations are segmented into three main regions: West, which includes markets such as the Bay Area, Las Vegas, Phoenix, Portland, Sacramento, Seattle, and Southern California; Central, which covers Austin, Dallas, Denver, Houston, and Indianapolis; and East, which encompasses Atlanta, Charlotte, Jacksonville, Naples, Orlando, Raleigh, Sarasota, and Tampa.

Taylor Morrison has maintained a strong brand reputation, having been named "America's Most Trusted® Builder by Lifestory Research for ten consecutive years since 2016. There have been no widely reported negative events or scandals that have significantly impacted Taylor Morrison Home Corp.'s brand reputation within the past year.

Taylor Morrison Home Corporation is a publicly traded company with a significant majority of its shares held by institutional investors, approximately 97.80% as of March 2025. Major institutional shareholders include BlackRock, Inc., The Vanguard Group Inc., Dimensional Fund Advisors LP, and State Street Corp. Individual insider ownership accounts for a smaller portion, with William H. Lyon owning approximately 2.10 million shares.