Taylor Morrison Home Corp. (TMHC) intrinsic value & 10-year financials
Taylor Morrison Home Corp. (TMHC) has a Graham intrinsic value of $258.09 per share. Over the last 10 fiscal years revenue grew 9.6% a year to $8.1B, with an average return on invested capital of 8.6%.
- Graham intrinsic value
- $258.09
- Revenue (FY2025)
- $8.1B
- Revenue growth (10-yr CAGR)
- 9.6%
- ROIC (10-yr avg)
- 8.6%
- Free cash flow (FY2025)
- $777.0M
TMHC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $8.1B | $782.5M | $7.77 | $777.0M | — | 10.3% |
| FY2024 | $8.2B | $883.3M | $8.27 | $173.7M | — | 12.6% |
| FY2023 | $7.4B | $768.9M | $6.98 | $772.7M | — | 11.9% |
| FY2022 | $8.2B | $1.1B | $9.06 | $1.1B | — | 16.5% |
| FY2021 | $7.5B | $663.0M | $5.18 | $355.4M | — | 10.8% |
| FY2020 | $6.1B | $243.4M | $1.88 | $1.1B | — | 4.8% |
| FY2019 | $4.8B | $254.7M | $2.35 | $363.1M | — | 6.0% |
| FY2018 | $4.2B | $206.4M | $1.83 | $115.1M | — | 6.1% |
| FY2017 | $3.9B | $91.2M | $1.47 | $382.8M | — | 4.2% |
| FY2016 | $3.6B | $52.6M | $1.69 | $370.7M | — | 2.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Taylor Morrison Home Corp is a consistent compounder, expanding top-line revenue at 9.6% annually over the past decade.
Taylor Morrison Home Corp returns on capital have been average, hovering around 8.6% ROIC over the decade.
Over the decade, Taylor Morrison Home Corp shows that management has aggressively returned capital to shareholders by retiring 16.7% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Taylor Morrison Home Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $258.09 per share.