7Baggers
Quarterly
Annual
    Unit: USD2025-07-31 2025-04-30 2025-01-31 2024-10-31 2024-07-31 2024-04-30 2024-01-31 2023-10-31 2023-07-31 2023-04-30 2023-01-31 2022-10-31 2022-07-31 2022-04-30 2022-01-31 2021-10-31 2021-07-31 2021-04-30 2021-01-31 2020-10-31 2020-07-31 2020-04-30 2020-01-31 2019-10-31 2019-07-31 2019-04-30 2019-01-31 2018-10-31 2018-07-31 2018-04-30 2018-01-31 2017-10-31 2017-07-31 2017-04-30 2017-01-31 2016-10-31 2016-07-31 2016-04-30 2016-01-31 2015-10-31 2015-07-31 2015-04-30 2015-01-31 2014-10-31 2014-07-31 2014-04-30 2014-01-31 2013-10-31 2013-07-31 2013-04-30 2013-01-31 2012-10-31 2012-09-30 2012-07-31 2012-04-30 2011-10-31 2011-07-31 2011-04-30 2011-01-31 2010-10-31 2010-07-31 2010-04-30 2010-01-31 2009-10-31 2009-07-31 2009-04-30 2009-01-31 2008-07-31 2008-04-30 2008-01-31 2007-07-31 2007-04-30 2007-01-31 2006-10-31 2006-04-30 2006-01-31 2005-10-31 
      
    		                                                                             
      revenues:
    		                                                                             
      home sales
    		2,880,975,000 2,706,453,000 1,840,776,000 3,260,004,000 2,724,472,000 2,647,020,000 1,931,836,000 2,951,904,000 2,674,602,000 2,490,098,000 1,749,422,000 3,580,952,000 2,256,337,000 2,186,529,000 1,687,352,000 2,950,417,000 2,234,365,000 1,836,260,000 1,410,704,000 2,495,974,000 1,627,812,000 1,516,234,000 1,297,337,000 2,292,044,000 1,756,970,000 1,712,057,000 1,319,308,000                                                   
      land sales and other
    		64,142,000 32,624,000 18,355,000 73,458,000 3,472,000 190,466,000 16,012,000 68,243,000 13,040,000 16,881,000 30,747,000 131,182,000 238,465,000 91,012,000 103,729,000 90,963,000 21,116,000 93,864,000 152,672,000                                                           
      cost of revenues:
    		                                                                             
      selling, general and administrative
    		253,672,000 255,760,000 240,414,000 269,734,000 244,813,000 237,698,000 230,046,000 241,408,000 229,004,000 227,537,000 211,497,000 274,381,000 232,865,000 243,637,000 226,870,000 258,199,000 233,915,000 219,170,000 210,739,000 335,623,000 160,649,000 179,417,000 191,753,000 207,230,000 186,709,000 178,371,000 162,238,000 186,045,000 174,071,000 166,652,000 157,267,000 167,636,000 155,212,000 147,876,000 137,095,000 150,262,000 134,984,000 128,340,000 121,796,000 124,934,000 116,175,000 107,685,000 106,314,000 120,345,000 109,981,000 104,320,000 97,870,000 93,465,000 88,870,000 79,550,000 78,047,000 217,620,000 69,637,000 74,892,000 68,256,000 68,511,000 64,605,000 67,050,000 61,251,000 69,237,000 67,165,000 59,549,000 67,273,000   81,346,000 85,763,000 103,104,000 108,705,000  131,686,000 130,367,000 134,210,000 292,180,000 142,046,000 139,178,000  
      income from operations
    		487,719,000 449,678,000 219,131,000 611,055,000 497,191,000 623,526,000 308,415,000 558,616,000 515,111,000 425,714,000 225,314,000 690,228,000 361,673,000 281,658,000 175,067,000 440,664,000 276,733,000 184,370,000 119,110,000 260,571,000 149,645,000 92,548,000 47,496,000 224,905,000 170,995,000 160,455,000 124,445,000 338,442,000 229,663,000 134,390,000 83,721,000 284,439,000 171,669,000 138,195,000 50,633,000 135,422,000 143,534,000 116,646,000 94,459,000 195,936,000 87,442,000 66,386,000 97,106,000 167,770,000 129,644,000 68,056,000 31,779,000 128,808,000 55,201,000 16,441,000 617,000 82,719,000 -19,290,000 31,499,000 -1,396,000 -3,120,000 -10,247,000 -24,121,000 -10,212,000 -37,952,000 -10,503,000 -60,224,000 -65,600,000 -104,911,000 -118,790,000 -130,779,000 -162,720,000 -45,264,000 -133,039,000 -146,951,000 2,357,000 36,960,000 51,448,000 527,052,000 260,788,000 237,751,000  
      yoy
    		-1.91% -27.88% -28.95% 9.39% -3.48% 46.47% 36.88% -19.07% 42.42% 51.15% 28.70% 56.63% 30.69% 52.77% 46.98% 69.11% 84.93% 99.22% 150.78% 15.86% -12.49% -42.32% -61.83% -33.55% -25.55% 19.40% 48.64% 18.99% 33.78% -2.75% 65.35% 110.04% 19.60% 18.47% -46.40% -30.88% 64.15% 75.71% -2.73% 16.79% -32.55% -2.45% 205.57% 30.25% 134.86% 313.94% 5050.57% 55.72% -386.16% -47.80% -144.20% -2751.25% 88.25% -230.59% -86.33% -91.78% -2.44% -59.95% -84.43% -63.82% -91.16% -53.95% -59.69% 131.78% -10.71% -11.01% -7003.69% -222.47% -358.59% -127.88% -99.10% -84.45%      
      qoq
    		8.46% 105.21% -64.14% 22.90% -20.26% 102.17% -44.79% 8.45% 21.00% 88.94% -67.36% 90.84% 28.41% 60.89% -60.27% 59.24% 50.10% 54.79% -54.29% 74.13% 61.69% 94.85% -78.88% 31.53% 6.57% 28.94% -63.23% 47.36% 70.89% 60.52% -70.57% 65.69% 24.22% 172.93% -62.61% -5.65% 23.05% 23.49% -51.79% 124.08% 31.72% -31.64% -42.12% 29.41% 90.50% 114.15% -75.33% 133.34% 235.75% 2564.67% -99.25% -528.82% -161.24% -2356.38% -55.26% -69.55% -57.52% 136.20% -73.09% 261.34% -82.56% -8.20% -37.47% -11.68% -9.17% -19.63% 259.49% -65.98% -9.47% -6334.66% -93.62% -28.16% -90.24% 102.10% 9.69%   
      operating margin %
    		                                                                             
      other:
    		                                                                             
      income from unconsolidated entities
    		-1,012,000 11,489,000 -8,743,000 -10,044,000 -10,514,000 5,887,000 -9,172,000 29,285,000 30,548,000 -5,302,000 -4,433,000 -4,231,000 2,984,000 2,933,000 22,037,000 45,722,000 16,636,000 10,483,000 1,194,000 -4,356,000 -2,566,000 -4,271,000 12,141,000 7,109,000 7,200,000 4,419,000 6,140,000 31,327,000 12,469,000 2,564,000 38,880,000 3,792,000 19,925,000 45,904,000 46,445,000 17,994,000 4,998,000 9,118,000 8,638,000 4,039,000 5,952,000 6,227,000 4,901,000 2,949,000 950,000 14,327,000 22,915,000 5,548,000 768,000 4,993,000 3,083,000 16,905,000 6,687,000 5,672,000 6,989,000    -11,002,000 18,653,000 3,171,000 1,280,000 366,000 855,000 -3,739,000 481,000 -5,097,000           
      other income – net
    		12,793,000 16,336,000 10,994,000 20,062,000 16,950,000 20,366,000 11,918,000 17,065,000 7,358,000 10,180,000 32,915,000 155,147,000 1,294,000 11,224,000 3,712,000 13,303,000 10,026,000 9,213,000 7,101,000 10,776,000 4,786,000 13,836,000 6,295,000 40,635,000 8,721,000 11,285,000 20,861,000 26,704,000 10,965,000 15,794,000 8,997,000 13,516,000 11,980,000 15,110,000 12,703,000 14,744,000 15,121,000 14,633,000 13,720,000 17,568,000 14,070,000                                     
      income before income taxes
    		499,500,000 477,503,000 221,382,000 621,073,000 503,627,000 649,779,000 311,161,000 604,966,000 553,017,000 430,592,000 253,796,000 841,144,000 365,951,000 295,815,000 200,816,000 499,689,000 303,395,000 169,826,000 127,405,000 266,991,000 151,865,000 102,113,000 65,932,000 272,649,000 186,916,000 176,159,000 151,446,000 396,473,000 253,097,000 152,748,000 131,598,000 301,747,000 203,574,000 199,209,000 109,781,000 168,160,000 163,653,000 140,397,000 116,817,000 217,543,000 107,464,000 86,532,000 124,023,000 188,538,000 151,325,000 93,484,000 71,235,000 150,150,000 68,253,000 40,968,000 8,326,000            -56,754,000 -106,771,000 -111,264,000   -54,795,000 -154,011,000 -151,955,000 45,046,000 59,493,000 87,200,000 576,391,000 284,578,000 265,647,000  
      income tax provision
    		129,879,000 125,056,000 43,679,000 145,664,000 129,016,000 168,162,000 71,603,000 159,430,000 138,228,000 110,376,000 62,266,000 200,608,000 92,484,000 75,222,000 48,912,000 125,359,000 68,463,000 41,960,000 30,906,000 67,674,000 37,104,000 26,443,000 9,056,000 70,334,000 40,598,000 46,835,000  85,497,000 59,839,000 40,938,000  109,869,000 55,011,000 74,571,000 39,365,000 53,782,000 58,170,000 51,343,000 43,637,000 70,380,000 40,715,000 18,602,000 42,698,000 26,884,000 53,618,000 28,262,000 25,655,000                               
      net income
    		369,621,000 352,447,000 177,703,000 475,409,000 374,611,000 481,617,000 239,558,000 445,536,000 414,789,000 320,216,000 191,530,000 640,536,000 273,467,000 220,593,000 151,904,000 374,330,000 234,932,000 127,866,000 96,499,000 199,317,000 114,761,000 75,670,000 56,876,000 202,315,000 146,318,000 129,324,000 112,050,000 310,976,000 193,258,000 111,810,000 132,107,000 191,878,000 148,563,000 124,638,000 70,416,000 114,378,000 105,483,000 89,054,000 73,180,000 147,163,000 66,749,000 67,930,000 81,325,000 131,524,000 97,707,000 65,222,000 45,580,000 94,905,000 46,595,000 24,674,000 4,432,000 489,932,000 -2,786,000 61,643,000 16,872,000 15,048,000 42,108,000 -20,773,000 3,417,000 50,479,000 27,302,000 -40,401,000 -40,754,000 -111,409,000 -472,331,000 -83,165,000 -88,895,000 -29,295,000 -93,737,000 -95,957,000 26,486,000 36,690,000 54,316,000 348,426,000 174,937,000 163,850,000  
      yoy
    		-1.33% -26.82% -25.82% 6.70% -9.69% 50.40% 25.08% -30.44% 51.68% 45.16% 26.09% 71.12% 16.40% 72.52% 57.42% 87.81% 104.71% 68.98% 69.67% -1.48% -21.57% -41.49% -49.24% -34.94% -24.29% 15.66% -15.18% 62.07% 30.08% -10.29% 87.61% 67.76% 40.84% 39.96% -3.78% -22.28% 58.03% 31.10% -10.02% 11.89% -31.68% 4.15% 78.42% 38.58% 109.69% 164.33% 928.43% -80.63% -1772.47% -59.97% -73.73% 3155.79% -106.62% -396.75% 393.77% -70.19% 54.23% -48.58% -108.38% -145.31% -105.78% -51.42% -54.15% 280.30% 403.89% -13.33% -435.63% -179.84% -272.58% -127.54% -84.86% -77.61%      
      qoq
    		4.87% 98.33% -62.62% 26.91% -22.22% 101.04% -46.23% 7.41% 29.53% 67.19% -70.10% 134.23% 23.97% 45.22% -59.42% 59.34% 83.73% 32.51% -51.59% 73.68% 51.66% 33.04% -71.89% 38.27% 13.14% 15.42% -63.97% 60.91% 72.85% -15.36% -31.15% 29.16% 19.20% 77.00% -38.44% 8.43% 18.45% 21.69% -50.27% 120.47% -1.74% -16.47% -38.17% 34.61% 49.81% 43.09% -51.97% 103.68% 88.84% 456.72% -99.10% -17685.50% -104.52% 265.36% 12.12% -64.26% -302.71% -707.93% -93.23% 84.89% -167.58% -0.87% -63.42% -76.41% 467.94% -6.45% 203.45% -68.75% -2.31% -462.29% -27.81% -32.45% -84.41% 99.17% 6.77%   
      net income margin %
    		                                                                             
      other comprehensive loss – net of tax
    		-2,360,000  -905,000    -3,898,000                                                                       
      total comprehensive income
    		367,261,000 350,205,000 176,798,000 470,648,000 370,822,000 484,432,000 235,660,000 446,970,000 420,390,000 319,937,000 188,066,000 661,415,000 270,787,000 234,201,000 156,606,000 381,633,000 235,267,000 132,304,000 97,212,000 197,115,000 115,040,000 75,948,000 57,154,000 195,622,000 146,374,000 129,380,000 112,106,000 313,390,000 193,428,000 111,980,000 132,278,000 192,800,000 148,730,000 124,806,000 70,585,000 113,497,000 105,638,000 89,213,000 72,919,000 147,554,000 66,900,000 67,900,000 81,142,000                                   
      per share:
    		                                                                             
      basic earnings
    		3.76 3.53 1.76 4.65 3.64 4.6 2.28 4.11 3.77 2.88 1.72 5.55 2.37 1.87 1.26 3.04 1.9 1.03 0.77 1.54 0.91 0.59 0.41 1.42 1.01 0.88 0.76 2.07 1.28 0.73 0.85 1.19 0.91 0.76                                            
      diluted earnings
    		3.73 3.5 1.75 4.61 3.6 4.55 2.25 4.08 3.73 2.85 1.7 5.49 2.35 1.85 1.24 3 1.87 1.01 0.76 1.53 0.9 0.59 0.41 1.4 1 0.87 0.76 2.04 1.26 0.72 0.83 1.16 0.87 0.73                                            
      weighted-average number of shares:
    		                                                                             
      basic
    		98,434 99,890 100,830 103,653 102,980 104,794 105,122 110,020 110,003 111,214 111,397 116,771 115,334 117,839 120,996 124,100 123,826 124,295 126,060 130,095 126,722 128,205 138,145 145,008 144,750 146,622 146,751 151,984 151,257 152,731 155,882 162,222 163,478 163,492 162,588 168,261 165,919 168,952 174,205 176,425 176,797 176,458 176,076 177,578 178,217 178,082 176,474 169,288 169,268 169,380 169,064 167,346 166,311 167,664 166,994  168,075 166,910 166,677 165,666 165,752 165,407 165,237  161,245 161,134 160,700 158,761 158,621 157,813 155,556 154,716 154,212 154,300 154,763 155,076  
      diluted
    		99,170 100,585 101,830 104,690 104,014 105,803 106,265 111,008 111,123 112,184 112,336 117,975 116,326 118,925 122,858 125,807 125,610 125,999 127,562 131,247 127,399 128,809 139,889 146,501 146,275 148,129 148,032 154,201 153,173 155,129 158,897 169,487 171,562 171,403 170,417 175,973 173,405 176,414 182,391 184,703 185,133 184,838 184,107 185,875 186,501 186,442 184,888 177,963 178,001 178,136 171,903 170,154 166,311 170,229 168,535  169,338 166,910 168,121 165,666 167,658 165,407 165,237  161,245 161,134 160,700 158,761 158,621 157,813 164,375 164,294 164,048 164,852 165,727 167,027  
      other comprehensive income – net of tax
    		 -2,242,000  -4,761,000 -3,789,000 2,815,000  1,434,000 5,601,000 -279,000 -3,464,000 20,879,000 -2,680,000 13,608,000                                                                
      expenses related to early retirement of debt
    		                 -34,240,000                                      -386,000 -3,414,000   -516,000 -658,000   -11,633,000  -2,067,000            
      other comprehensive income, net of tax
    		              4,702,000 7,303,000 335,000 4,438,000 713,000 -2,202,000 279,000 278,000 278,000 -6,693,000 56,000 56,000 56,000 2,414,000 170,000 170,000 171,000                                               
      land sales
    		                   22,652,250 23,677,000 32,838,000 34,094,000 86,956,000 8,721,000 4,037,000 43,873,000                                         959,000 793,000 523,000 4,483,000 1,981,000 3,390,000 1,395,000 2,100,000 4,678,000  
      4,531,992
    		                   1,132,998,000 1,651,489,000                                                         
      3,710,484
    		                   927,621,000 1,341,195,000                                                         
      2,880,503
    		                     1,549,072,000                                                        
      2,369,289
    		                     1,277,107,000                                                        
      4,844,966
    		                       1,211,241,500 1,765,691,000                                                     
      3,861,753
    		                       965,438,250 1,407,987,000                                                     
      3,079,275
    		                         1,716,094,000                                                    
      2,453,766
    		                         1,377,268,000                                                    
      income tax benefit
    		                          39,396,000    -509,000                 55,245,000 21,658,000 16,294,000 3,894,000 -370,582,000 -3,622,000 -18,691,000 -1,223,000 195,000 -38,220,000 -10,711,000 -20,464,000 -59,946,000 -26,479,000 -11,388,000 -16,000,000 4,738,000 361,067,000 -38,739,000 -67,666,000 -25,500,000  -55,998,000        
      revenues
    		                           2,455,238,000 1,913,353,000 1,599,199,000 1,175,468,000 2,027,907,000 1,502,909,000 1,363,512,000 920,730,000 1,855,451,000 1,269,934,000 1,115,557,000 928,566,000 1,437,202,000 1,028,011,000 852,583,000 853,452,000 1,350,690,000 1,056,857,000 860,374,000 643,681,000 1,044,534,000 689,160,000 516,004,000 424,601,000 1,560,826,000 321,955,000 554,319,000 373,681,000 427,804,000 394,305,000 319,675,000 334,116,000 402,600,000 454,202,000 311,271,000 326,698,000 486,575,000 461,375,000 398,327,000 409,023,000           
      cost of revenues
    		                           1,930,751,000 1,509,619,000 1,298,157,000 934,480,000 1,575,832,000 1,176,028,000 1,077,441,000 733,002,000 1,569,767,000 991,416,000 870,571,000 712,311,000 1,116,332,000 824,394,000 678,512,000 650,032,000 1,062,575,000 817,232,000 687,998,000 514,032,000 822,261,000 545,089,000 420,013,000 345,937,000 1,260,487,000 271,608,000 447,928,000 306,821,000 362,619,000 339,947,000 276,354,000 281,965,000 367,152,000 392,416,000 305,739,000 317,768,000 506,023,100 511,548,000 447,760,000 485,980,000           
      4,240,246
    		                           1,060,061,500 1,683,690,000                                                 
      cash dividends declared
    		                           0.075 0.11 0.11 0.08 0.04 0.08                                             
      2,556,556
    		                             1,464,809,000                                                
      3,426,654
    		                               856,663,500 1,331,240,000                                             
      other comprehensive income
    		                               126,000 167,000 168,000 169,000 -881,000 155,000 159,000  391,000 151,000 -30,000 -183,000                                   
      2,095,414
    		                                 1,225,317,000                                            
      other comprehensive income, net of tax:
    		                                                                             
      change in pension liability
    		                                 168,000 169,000 -881,000 155,000 155,000 -288,000 373,000 139,000 -23,000 -178,000                                   
      change in unrealized income on derivative held by equity investee
    		                                     4,000 27,000 18,000 12,000                                     
      cash dividend declared
    		                                 0.08                                            
      income per share:
    		                                                                             
      basic
    		                                  0.43 0.69 0.64 0.53 0.42 0.84 0.38 0.38 0.46 0.74 0.55 0.37 0.26 0.56 0.28 0.15 0.03 2.93 -0.02 0.37 0.1 0.038 0.25  0.02 -0.083 0.16                 
      diluted
    		                                  0.42 0.66 0.61 0.51 0.4 0.79 0.36 0.37 0.44 0.71 0.53 0.35 0.25 0.54 0.26 0.14 0.03 2.88 -0.02 0.36 0.1 0.038 0.25  0.02 -0.083 0.16                 
      2,959,418
    		                                   739,854,500 1,126,400,000                                         
      change in fair value of available-for-sale securities
    		                                          2,000                                   
      1,833,018
    		                                     998,911,000                                        
      other comprehensive loss
    		                                      -261,000                                       
      2,483,112
    		                                       620,778,000 940,569,000                                     
      1,542,543
    		                                         786,197,000                                    
      other income - net
    		                                         13,919,000 22,016,000 17,819,000 20,731,000 11,101,000 16,541,000 15,794,000 12,284,000 19,534,000 4,626,000   5,781,000 10,056,000                       
      unrealized income on derivative held by equity investee
    		                                         -7,000 -7,000                                   
      2,331,433
    		                                           582,858,250 927,213,000                                 
      1,404,220
    		                                             792,318,000                                
      1,557,506
    		                                               389,376,500 633,959,000                             
      923,547
    		                                                 499,563,000                            
      interest expense
    		                                                       -4,000  392,000 1,112,000 4,163,000 5,124,000 6,207,000 7,257,000               
      interest and other
    		                                                   1,548,750 6,195,000   3,292,000 5,494,000 3,507,000 4,167,000 6,120,500 8,813,000 7,155,000 8,480,000 8,245,500 11,265,000 10,461,000 11,256,000 20,582,000   38,841,000 17,798,000 28,960,000 5,573,250 10,966,000 11,327,000  
      income before income tax benefit
    		                                                   -1,602,000 -6,408,000 42,952,000 15,649,000 -11,160,750 3,888,000 -31,484,000 -17,047,000 -26,930,000 823,000 -51,789,000    -121,904,000 -156,561,000           
      1,239,142
    		                                                     522,820,000                        
      716,322
    		                                                      375,077,000                       
      income from unconsolidated entities and non-performing loan portfolio
    		                                                       -2,454,250 12,055,000 -10,870,000                    
      loss per share:
    		                                                                             
      basic
    		                                                         -0.12    -0.24    -0.52 -0.55           
      diluted
    		                                                         -0.12    -0.24    -0.52 -0.55           
      net income per share
    		                                                                             
      basic
    		                                                              -0.25 -1 -2.93             
      diluted
    		                                                              -0.25 -1 -2.93             
      selling, general and administrative expenses
    		                                                               58,931,500 68,617,000     121,318,000        
      completed contract
    		                                                                   791,078,000 800,303,000 826,534,000 1,178,500,000       
      percentage of completion
    		                                                                   5,633,000 17,694,000 15,795,000 29,368,000 48,437,000 33,085,000 72,587,000 39,955,000 57,569,000  
      interest
    		                                                                   23,170,000 23,157,000 20,967,000 27,121,000 26,494,000 22,643,000 63,364,000 29,875,000 28,754,000  
      goodwill impairment
    		                                                                        8,973,000     
      earnings from unconsolidated entities
    		                                                                   -30,113,000 -81,557,000 -24,086,000        
      earnings per share:
    		                                                                             
      basic
    		                                                                   -0.18 -0.59 -0.61 0.17 0.24 0.35 2.26 1.13 1.06  
      diluted
    		                                                                   -0.18 -0.59 -0.61 0.16 0.22 0.33 2.13 1.06 0.98  
      interest and other income
    		                                                                    60,585,000 19,082,000        
      income taxes benefit
    		                                                                    -60,274,000         
      equity earnings from unconsolidated entities
    		                                                                      3,848,000 4,735,000 6,792,000 18,968,000 12,824,000   
      income taxes
    		                                                                      18,560,000 22,803,000 32,884,000 227,965,000 109,641,000 101,797,000  
      home sales — completed contract
    		                                                                       1,124,259,000      
      traditional home sales
    		                                                                        1,054,136,000 3,265,982,000 1,400,478,000 1,278,709,000  
      equity earnings in unconsolidated entities
    		                                                                           16,569,000  
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.