Beazer Homes Usa Inc. (BZH) intrinsic value & 10-year financials
Beazer Homes Usa Inc. (BZH) has a Graham intrinsic value of $50.49 per share. At $33.45 on Oct 17, 2026, the stock trades 34% below that value. Over the last 10 fiscal years revenue grew 3.0% a year to $2.4B, with an average return on invested capital of 9.4%.
- Graham intrinsic value
- $50.49
- Share price (Oct 17, 2026)
- $33.45
- Price vs Graham value
- 34% below
- Market cap
- $1.0B
- Revenue (FY2025)
- $2.4B
- Revenue growth (10-yr CAGR)
- 3.0%
- ROIC (10-yr avg)
- 9.4%
- Free cash flow (FY2025)
- $3.5M
BZH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.4B | $45.6M | $1.52 | $3.5M | 1.5% | 3.0% |
| FY2024 | $2.3B | $140.2M | $4.53 | -$159.9M | 6.1% | 10.8% |
| FY2023 | $2.2B | $158.6M | $5.16 | $157.7M | 8.0% | 15.1% |
| FY2022 | $2.3B | $220.7M | $7.17 | $66.0M | 11.8% | 26.4% |
| FY2021 | $2.1B | $122.0M | $4.01 | $17.0M | 6.9% | 18.9% |
| FY2020 | $2.1B | $52.2M | $1.74 | $278.5M | 3.7% | 10.4% |
| FY2019 | $2.1B | -$79.5M | -$2.60 | $92.3M | -4.3% | -10.4% |
| FY2018 | $2.1B | -$45.4M | -$1.41 | $13.3M | 3.9% | 6.1% |
| FY2017 | $1.9B | $31.8M | $0.99 | $83.5M | 3.2% | 8.6% |
| FY2016 | $1.8B | $4.7M | $0.15 | $150.8M | 3.3% | 4.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BEAZER HOMES USA INC has demonstrated mature, steady growth, with revenue compounding at 3.0% annually over the past decade.
BEAZER HOMES USA INC returns on capital have been average, hovering around 9.4% ROIC over the decade.
BEAZER HOMES USA INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BEAZER HOMES USA INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $50.49 per share.