Quality Investor

Taylor Morrison Home Corp

Rank #365Hypergrowth

TMHC · NYSE · Consumer Cyclical

Taylor Morrison Home Corp (TMHC) — Rank #365 by gross profitability (GP/assets 0.19) · ROE 12.4% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0001562476 · all metrics point-in-time as of the filing date.

About

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a homebuilder and land developer in the United States.

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It designs, builds, and sells single, and multifamily detached and attached homes in markets for entry-level, move-up, and resort lifestyle buyers under the Taylor Morrison and Esplanade brand names; and develops lifestyle and master-planned communities with single, and multi-family detached and attached homes. The company is also involved in the Build-to-Rent homebuilding business under the Yardly brand name; and provision of financial services, title insurance, and closing settlement services.

Taylor Morrison Home Corporation was founded in 1936 and is headquartered in Scottsdale, Arizona.

Industry
Residential Construction
Sector
Consumer Cyclical
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Price History

TMHC+142.6% · +19.4% CAGRSPY+92.6% · +14.0% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$6.67B

P/E (annual)

9.3

P/S (annual)

0.8

P/B

1.1

P/OCF (annual)

8.2

Shareholder Yield

12.5%

Employees

2,800

Industry

Residential Construction

Exchange

NYSE

Signal Flags

2 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why

Quality Profile

Profitability

1/1 pass
GP / assets
0.19
Return on equity
12.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.56
Current ratio
Net cash
-$1.69B

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.4%

Growth

2/2 pass
Revenue growth
92.1%
Piotroski F-Score
N/A
Share dilution
-12.5%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

3 of 5 thresholds not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

-2.7%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Buyback tailwind: -12.5% — per-share value needs a total required return of -15.3% once share-count change is priced in.

vs. own 6-year median revenue growth: 28.8%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

-6.4%

r = 10% (base)

-2.7%

r = 12%

0.4%

Net debt / market cap: 23.1%

Base FCF: $777M3Y mean FCF: $287M

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.19

Primary signal (Novy-Marx).

Return on equity

12.4%

Gross margin

23.0%

Revenue growth (YoY)

92.1%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2018201920202021
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

Revenue CAGR (5Y)

5.8%

Earnings CAGR (3Y)

-9.4%

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.56

Current ratio

Quick ratio

Net cash

-$1.69B

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$776.97M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

-0.01

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.4%

Stock-based comp intensity.

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20162021
Unknown
Capital Return
Hypergrowth