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Tri Pointe Homes, Inc. (TPH) 10-Year Financial Performance & Capital Metrics

TPH • • Industrial / General
Consumer CyclicalHomebuildersTraditional Site-Built HomebuildersRegional & Market-Specific Builders
AboutTri Pointe Homes, Inc. engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland, Virginia, and the District of Columbia. As of December 31, 2021, its operations consisted of 112 active selling communities and 41,675 owned or controlled lots. The company sells its homes through own sales representatives and independent real estate brokers. It also provides financial services, such as mortgage financing, title and escrow, and property and casualty insurance agency services. The company was formerly known as TRI Pointe Group, Inc. and changed its name to Tri Pointe Homes, Inc. in January 2021. Tri Pointe Homes, Inc. was founded in 2009 and is headquartered in Irvine, California.Show more
  • Revenue $4.49B +20.9%
  • EBITDA $612M +30.5%
  • Net Income $458M +33.3%
  • EPS (Diluted) 4.83 +40.0%
  • Gross Margin 23.45% +3.2%
  • EBITDA Margin 13.62% +7.9%
  • Operating Margin 12.93% +8.7%
  • Net Margin 10.19% +10.2%
  • ROE 14.43% +22.8%
  • ROIC 12.32% +30.2%
  • Debt/Equity 0.33 -32.0%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 17.2%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Good 3Y average ROE of 16.0%
  • ✓Share count reduced 4.8% through buybacks
  • ✓Healthy 5Y average net margin of 10.6%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.18%
5Y7.82%
3Y4.1%
TTM-3.59%

Profit (Net Income) CAGR

10Y18.46%
5Y17.19%
3Y-0.8%
TTM-14%

EPS CAGR

10Y23.61%
5Y26.86%
3Y5.44%
TTM-10.68%

ROCE

10Y Avg11.55%
5Y Avg13.32%
3Y Avg13.56%
Latest12.62%

Peer Comparison

Regional & Market-Specific Builders
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Valuation
Per Share
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Quality & Returns
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TTM Growth
Famous Investor Metrics
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BZHBeazer Homes USA, Inc.711.14M24.1015.861.77%2.84%5.56%0.49%0.85
TOLToll Brothers, Inc.14.16B149.049.938.52%12.64%16.95%6.61%0.39
GRBKGreen Brick Partners, Inc.3.23B74.198.7818.07%16.03%18.02%0.67%0.20
TMHCTaylor Morrison Home Corporation6.27B64.157.7610.11%10.19%13.77%2.77%0.37
TPHTri Pointe Homes, Inc.3.05B35.507.3520.93%9.05%11.12%22.05%0.33
MHOM/I Homes, Inc.3.63B139.007.0511.83%10.56%15%4.71%0.26
HOVHovnanian Enterprises, Inc.648.42M125.473.959.03%5.06%19.02%0.89%1.27
UHGUnited Homes Group, Inc.34.51M1.581.7610.02%-4.49%-35.51%44.66%1.80

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+2.4B2.41B2.81B3.26B3.08B3.26B3.98B4.35B3.72B4.49B
Revenue Growth %0.41%0%0.17%0.16%-0.06%0.06%0.22%0.09%-0.15%0.21%
Cost of Goods Sold+1.85B1.86B2.19B2.57B2.48B2.54B2.97B3.18B2.87B3.44B
COGS % of Revenue0.77%0.77%0.78%0.79%0.8%0.78%0.75%0.73%0.77%0.77%
Gross Profit+554.15M548.41M618.97M696.12M606.74M724.2M1.01B1.17B844.55M1.05B
Gross Margin %0.23%0.23%0.22%0.21%0.2%0.22%0.25%0.27%0.23%0.23%
Gross Profit Growth %0.6%-0.01%0.13%0.12%-0.13%0.19%0.39%0.16%-0.28%0.25%
Operating Expenses+233.18M250.84M273.71M341.76M351.77M348.01M377.48M387.51M402.38M472.56M
OpEx % of Revenue0.1%0.1%0.1%0.1%0.11%0.11%0.09%0.09%0.11%0.11%
Selling, General & Admin233.18M250.84M273.71M341.76M351.77M348.01M377.48M387.51M402.38M472.56M
SG&A % of Revenue0.1%0.1%0.1%0.1%0.11%0.11%0.09%0.09%0.11%0.11%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses0000000000
Operating Income+320.97M297.57M345.26M354.36M254.97M376.19M631.03M779.29M442.17M581.02M
Operating Margin %0.13%0.12%0.12%0.11%0.08%0.12%0.16%0.18%0.12%0.13%
Operating Income Growth %1%-0.07%0.16%0.03%-0.28%0.48%0.68%0.23%-0.43%0.31%
EBITDA+329.24M300.66M348.76M383.46M283.36M405.69M663.45M807.3M469.02M612.04M
EBITDA Margin %0.14%0.13%0.12%0.12%0.09%0.12%0.17%0.19%0.13%0.14%
EBITDA Growth %0.92%-0.09%0.16%0.1%-0.26%0.43%0.64%0.22%-0.42%0.3%
D&A (Non-Cash Add-back)8.27M3.09M3.5M29.1M28.4M29.5M32.42M28.01M26.85M31.02M
EBIT319.26M302.23M339.82M362.06M271.09M373.38M625.66M773.21M467.36M616.87M
Net Interest Income+0000000000
Interest Income0000000000
Interest Expense0000000000
Other Income/Expense-1.71M4.65M-5.44M7.71M16.12M-2.81M-5.37M-6.08M25.19M35.84M
Pretax Income+319.26M302.23M339.82M362.06M271.09M373.38M625.66M773.21M467.36M616.87M
Pretax Margin %0.13%0.13%0.12%0.11%0.09%0.11%0.16%0.18%0.13%0.14%
Income Tax+112.08M106.09M152.27M90.55M63.9M91.17M156.4M190.8M118.16M158.9M
Effective Tax Rate %0.64%0.65%0.55%0.75%0.76%0.76%0.75%0.75%0.74%0.74%
Net Income+205.46M195.17M187.19M269.91M207.19M282.21M469.27M576.06M343.7M458.03M
Net Margin %0.09%0.08%0.07%0.08%0.07%0.09%0.12%0.13%0.09%0.1%
Net Income Growth %1.44%-0.05%-0.04%0.44%-0.23%0.36%0.66%0.23%-0.4%0.33%
Net Income (Continuing)207.18M196.13M187.55M271.51M207.19M282.21M469.27M582.41M349.19M457.97M
Discontinued Operations0000000000
Minority Interest21.78M19.06M605K13K12K12K12K4.14M2.68M12K
EPS (Diluted)+1.271.211.211.811.472.174.125.543.454.83
EPS Growth %1.19%-0.05%0%0.5%-0.19%0.48%0.9%0.34%-0.38%0.4%
EPS (Basic)1.271.211.211.821.472.184.165.603.484.87
Diluted Shares Outstanding162.32M161.38M155.09M149M141.39M129.95M113.81M104M99.7M94.91M
Basic Shares Outstanding161.69M160.86M154.13M148.18M140.85M129.37M112.84M102.9M98.68M93.99M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+2.79B3.2B3.51B3.55B3.49B3.61B3.87B4.23B4.44B4.35B
Cash & Short-Term Investments214.49M208.66M282.91M277.7M329.01M621.29M681.53M889.66M868.95M970.04M
Cash Only214.49M208.66M282.91M277.7M329.01M621.29M681.53M889.66M868.95M970.04M
Short-Term Investments0000000000
Accounts Receivable43.71M82.5M125.6M51.59M69.28M63.55M117M169.45M224.64M111.61M
Days Sales Outstanding6.6412.5216.315.778.27.1110.7214.2222.079.07
Inventory2.52B2.91B3.11B3.22B3.07B2.91B3.05B3.17B3.34B3.15B
Days Inventory Outstanding497.85572.18517.28457.36451.84418.81374.94364.1424.36334.67
Other Current Assets-14.52M-24.5M-13.04M-31.98M00000115M
Total Non-Current Assets+346.08M362.86M291.31M338.86M370.9M412.01M471.16M486.98M483.52M592M
Property, Plant & Equipment7.64M10.88M10.53M54.2M50.95M48.8M73.73M131.35M66.4M124.49M
Fixed Asset Turnover314.16x220.98x266.93x60.20x60.51x66.82x54.01x33.11x55.95x36.09x
Goodwill139.3M139.3M139.3M139.3M139.3M139.3M139.3M139.3M139.3M139.3M
Intangible Assets27.09M24.76M24.23M21.97M22.8M20.75M18.49M17.3M17.3M17.3M
Long-Term Investments19M17.55M5.87M5.41M11.74M75.06M118.09M129.84M131.82M173.92M
Other Non-Current Assets26.75M49.71M37.54M51.05M96.19M80.57M64.45M34.34M90.69M40M
Total Assets+3.14B3.56B3.81B3.88B3.86B4.02B4.34B4.72B4.91B4.94B
Asset Turnover0.77x0.67x0.74x0.84x0.80x0.81x0.92x0.92x0.76x0.91x
Asset Growth %0.08%0.14%0.07%0.02%-0.01%0.04%0.08%0.09%0.04%0.01%
Total Current Liabilities+159.31M334.1M403.75M416.46M152.07M192.59M244.02M314.61M211.98M439.63M
Accounts Payable64.84M70.25M72.87M81.31M66.12M79.69M84.85M62.32M64.83M68.23M
Days Payables Outstanding12.8113.8112.1411.569.7511.4710.427.158.247.24
Short-Term Debt0000250M258.98M250.5M10.57M0118.22M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K01000K0
Other Current Liabilities-72.39M-43.55M-75.24M-58.92M-249.51M-258.98M-250.5M163.55M11.45M166.78M
Current Ratio17.53x9.58x8.70x8.51x22.94x18.74x15.84x13.45x20.94x9.90x
Quick Ratio1.71x0.87x1.01x0.79x2.78x3.63x3.32x3.37x5.20x2.72x
Cash Conversion Cycle491.68570.89521.46451.56450.3414.45375.25371.17438.18336.49
Total Non-Current Liabilities+1.29B1.38B1.47B1.41B1.52B1.6B1.64B1.57B1.69B1.17B
Long-Term Debt1.17B1.38B1.47B1.41B1.28B1.34B1.34B1.38B1.38B917.5M
Capital Lease Obligations000056.13M53.24M77.26M67.15M78.78M63.95M
Deferred Tax Liabilities33.82M-90.1M-138.94M-168.96M0000051.01M
Other Non-Current Liabilities73.72M90.1M140.4M169.93M159.58M200.6M229.59M123.6M227.6M134.32M
Total Liabilities1.45B1.72B1.88B1.83B1.67B1.79B1.89B1.88B1.9B1.61B
Total Debt+1.17B1.38B1.47B1.41B1.59B1.66B1.67B1.46B1.46B1.1B
Net Debt958.46M1.17B1.19B1.13B1.26B1.03B983.96M566.12M592.41M129.62M
Debt / Equity0.70x0.75x0.76x0.69x0.73x0.74x0.68x0.51x0.48x0.33x
Debt / EBITDA3.56x4.60x4.22x3.68x5.61x4.08x2.51x1.80x3.12x1.80x
Net Debt / EBITDA2.91x3.90x3.41x2.95x4.45x2.55x1.48x0.70x1.26x0.21x
Interest Coverage----------
Total Equity+1.68B1.85B1.93B2.06B2.19B2.23B2.45B2.84B3.01B3.34B
Equity Growth %0.15%0.1%0.04%0.07%0.06%0.02%0.1%0.16%0.06%0.11%
Book Value per Share10.3811.4512.4513.8015.4617.1821.5127.2730.2335.15
Total Shareholders' Equity1.66B1.83B1.93B2.06B2.19B2.23B2.45B2.83B3.01B3.34B
Common Stock1.62M1.59M1.51M1.42M1.36M1.22M1.1M1.01M955K925K
Retained Earnings751.87M947.04M1.13B1.4B1.6B1.89B2.36B2.83B3.01B3.33B
Treasury Stock0000000000
Accumulated OCI0000000000
Minority Interest21.78M19.06M605K13K12K12K12K4.14M2.68M12K

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+31M-158.31M101.67M310.66M315.98M587.99M419.53M444.28M195.26M696.06M
Operating CF Margin %0.01%-0.07%0.04%0.1%0.1%0.18%0.11%0.1%0.05%0.15%
Operating CF Growth %1.27%-6.11%1.64%2.06%0.02%0.86%-0.29%0.06%-0.56%2.56%
Net Income207.18M196.13M187.55M271.51M207.19M282.21M469.27M582.41M349.19M457.97M
Depreciation & Amortization8.27M3.09M3.5M29.1M28.4M29.5M32.42M28.01M26.85M31.02M
Stock-Based Compensation11.94M12.61M15.91M14.81M14.81M16.89M20.94M18.78M19.92M33.51M
Deferred Taxes27.16M7.43M46.81M11.07M17.86M2.38M-9.57M22.25M-3.15M-7.98M
Other Non-Cash Items-761K2.59M14.28M6.14M24.82M15.06M20.44M10.64M14.25M-868K
Working Capital Changes-222.79M-380.17M-166.37M-21.98M22.91M241.96M-113.97M-217.81M-211.81M182.41M
Change in Receivables-23.59M576K-44.28M76.45M-69.8M52.57M-53.45M-52.45M-55.19M113.02M
Change in Inventory-235.03M-388.14M-205.23M-91.76M120.27M157.06M-161.01M-123.15M-172.73M182.72M
Change in Payables-4.02M5.41M2.62M3.22M-15.19M13.57M5.16M-22.53M2.51M3.4M
Cash from Investing+-862K-4.01M-3.58M-95.41M-37.26M-88.04M-72.13M-58.12M-26.42M-63.45M
Capital Expenditures-809K-3.98M-2.6M-31.65M-30.28M-22.8M-29.49M-43.62M-25.38M-23.3M
CapEx % of Revenue0%0%0%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Acquisitions----------
Investments----------
Other Investing1.42M9K6K8K46K28K2K-14.5M-1.04M-40.16M
Cash from Financing+13.71M156.49M-23.84M-220.47M-227.41M-207.66M-287.17M-178.02M-189.55M-531.52M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-4.48M-7.84M-10.19M-251K-2.68M-1.66M-2.65M-13.98M-15.9M-21.59M
Net Change in Cash----------
Free Cash Flow+30.2M-162.29M99.07M279.01M285.7M565.19M390.04M400.65M169.88M672.76M
FCF Margin %0.01%-0.07%0.04%0.09%0.09%0.17%0.1%0.09%0.05%0.15%
FCF Growth %1.25%-6.37%1.61%1.82%0.02%0.98%-0.31%0.03%-0.58%2.96%
FCF per Share0.19-1.010.641.872.024.353.433.851.707.09
FCF Conversion (FCF/Net Income)0.15x-0.81x0.54x1.15x1.53x2.08x0.89x0.77x0.57x1.52x
Interest Paid00000010.62M7.87M4.18M144K
Taxes Paid000000144.51M186.15M115.11M181.06M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)13.02%11.05%9.91%13.54%9.77%12.77%20.05%21.8%11.75%14.43%
Return on Invested Capital (ROIC)9.43%7.88%8.43%8.43%5.76%8.4%14.13%17.1%9.46%12.32%
Gross Margin23.08%22.8%22.03%21.34%19.68%22.21%25.33%26.83%22.73%23.45%
Net Margin8.56%8.11%6.66%8.27%6.72%8.66%11.78%13.25%9.25%10.19%
Debt / Equity0.70x0.75x0.76x0.69x0.73x0.74x0.68x0.51x0.48x0.33x
FCF Conversion0.15x-0.81x0.54x1.15x1.53x2.08x0.89x0.77x0.57x1.52x
Revenue Growth40.94%0.17%16.84%16.1%-5.51%5.76%22.14%9.2%-14.56%20.93%

Revenue by Segment

2015201620172018201920202021202220232024
Homebuilding--------3.67B4.42B
Homebuilding Growth---------20.53%
Financial Services--1.37M-----46M70.2M
Financial Services Growth---------52.60%
Real Estate---1.07B796.96M3.25B3.97B4.3B--
Real Estate Growth-----25.77%307.96%22.13%8.27%--
Home Building---1.07B-3.23B3.96B4.29B--
Home Building Growth------22.34%8.51%--
Financial Service---1.74M-9.14M11.45M49.17M--
Financial Service Growth------25.27%329.56%--
Land---8.76M-15.93M13.02M5.11M--
Land Growth-------18.30%-60.76%--
Real Estate, Other------2.62M2.69M--
Real Estate, Other Growth-------2.90%--
Product and Service, Other---8.16M-2.54M----
Product and Service, Other Growth----------
All HomeBuildings--2.81B-------
All HomeBuildings Growth----------
Tri Pointe774M723.19M927.25M-------
Tri Pointe Growth--6.57%28.22%-------
Pardee670.06M730.85M826.03M-------
Pardee Growth-9.07%13.02%-------
Maracay185.65M255.25M296.77M-------
Maracay Growth-37.50%16.26%-------
Winchester302.28M237.41M257.09M-------
Winchester Growth--21.46%8.29%-------
Trendmaker278.76M244M253.82M-------
Trendmaker Growth--12.47%4.03%-------
Quadrant189.4M213.22M247.94M-------
Quadrant Growth-12.58%16.28%-------

Frequently Asked Questions

Valuation & Price

Tri Pointe Homes, Inc. (TPH) has a price-to-earnings (P/E) ratio of 7.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Tri Pointe Homes, Inc. (TPH) reported $4.04B in revenue for fiscal year 2024. This represents a 20811% increase from $19.3M in 2011.

Tri Pointe Homes, Inc. (TPH) grew revenue by 20.9% over the past year. This is strong growth.

Yes, Tri Pointe Homes, Inc. (TPH) is profitable, generating $365.8M in net income for fiscal year 2024 (10.2% net margin).

Dividend & Returns

Tri Pointe Homes, Inc. (TPH) has a return on equity (ROE) of 14.4%. This is reasonable for most industries.

Tri Pointe Homes, Inc. (TPH) generated $393.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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