Century Communities, Inc. (CCS) 10-Year Financial Performance & Capital Metrics

CCS • • Industrial / General

Consumer CyclicalHomebuildersTraditional Site-Built HomebuildersEntry-Level & First-Time Buyer Specialists

AboutCentury Communities, Inc., together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its home buyers. The company offers homes under the Century Communities and Century Complete brands. It sells homes through its sales representatives, retail studios, and internet, as well as through independent real estate brokers in 17 states in the United States. Century Communities, Inc. was founded in 2002 and is headquartered in Greenwood Village, Colorado.Show more

Revenue $4.4B +19.1%
EBITDA $471M +26.7%
Net Income $334M +28.8%
EPS (Diluted) 10.40 +29.2%
Gross Margin 21.89% +0.7%
EBITDA Margin 10.7% +6.4%
Operating Margin 10.15% +5.3%
Net Margin 7.59% +8.1%
ROE 13.33% +16.7%
ROIC 9.16% +9.7%
Debt/Equity 0.56 +3.3%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 24.2%
✓Strong Piotroski F-Score: 7/9
✓Strong 5Y sales CAGR of 11.6%
✓Good 3Y average ROE of 17.2%
✓Trading at only 0.8x book value

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y28.35%

5Y11.64%

3Y1.42%

TTM-3.99%

Profit (Net Income) CAGR

10Y32.5%

5Y24.19%

3Y-12.51%

TTM-33.5%

EPS CAGR

10Y26.01%

5Y23.5%

3Y-10.42%

TTM-31.7%

ROCE

10Y Avg12.14%

5Y Avg16.9%

3Y Avg15.44%

Latest11.82%

Peer Comparison

Entry-Level & First-Time Buyer Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MTHMeritage Homes Corporation	5.51B	78.25	7.30	4.18%	8.97%	10.24%		0.27
CCSCentury Communities, Inc.	2.03B	69.13	6.65	19.12%	5.16%	8.32%	4.27%	0.56
LGIHLGI Homes, Inc.	1.25B	54.27	6.54	-6.61%	5.93%	5.1%		0.75
DFHDream Finders Homes, Inc.	711.08M	20.30	6.32	18.75%	6.16%	18.53%		0.92

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	734.49M	994.44M	1.42B	2.15B	2.54B	3.16B	4.22B	4.51B	3.69B	4.4B
Revenue Growth %	1.03%	0.35%	0.43%	0.51%	0.18%	0.25%	0.33%	0.07%	-0.18%	0.19%
Cost of Goods Sold+	587.63M	800.34M	1.17B	1.77B	2.08B	2.55B	3.17B	3.37B	2.89B	3.44B
COGS % of Revenue	0.8%	0.8%	0.82%	0.82%	0.82%	0.81%	0.75%	0.75%	0.78%	0.78%
Gross Profit+	146.85M	194.1M	255.26M	379M	452.98M	614.16M	1.05B	1.14B	802.97M	962.76M
Gross Margin %	0.2%	0.2%	0.18%	0.18%	0.18%	0.19%	0.25%	0.25%	0.22%	0.22%
Gross Profit Growth %	0.89%	0.32%	0.32%	0.48%	0.2%	0.36%	0.71%	0.08%	-0.29%	0.2%
Operating Expenses+	87.84M	122.22M	176.3M	263.98M	301.52M	341.71M	389.61M	430.74M	447.31M	516.49M
OpEx % of Revenue	0.12%	0.12%	0.12%	0.12%	0.12%	0.11%	0.09%	0.1%	0.12%	0.12%
Selling, General & Admin	87.84M	122.22M	176.3M	263.98M	301.52M	341.71M	389.61M	430.74M	447.31M	516.49M
SG&A % of Revenue	0.12%	0.12%	0.12%	0.12%	0.12%	0.11%	0.09%	0.1%	0.12%	0.12%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	59.01M	71.87M	78.96M	115.02M	151.46M	272.45M	658.76M	704.9M	355.63M	446.28M
Operating Margin %	0.08%	0.07%	0.06%	0.05%	0.06%	0.09%	0.16%	0.16%	0.1%	0.1%
Operating Income Growth %	0.9%	0.22%	0.1%	0.46%	0.32%	0.8%	1.42%	0.07%	-0.5%	0.25%
EBITDA+	63.73M	77.45M	85.93M	127.05M	164.84M	285.59M	669.67M	716.13M	371.4M	470.56M
EBITDA Margin %	0.09%	0.08%	0.06%	0.06%	0.07%	0.09%	0.16%	0.16%	0.1%	0.11%
EBITDA Growth %	0.87%	0.22%	0.11%	0.48%	0.3%	0.73%	1.34%	0.07%	-0.48%	0.27%
D&A (Non-Cash Add-back)	4.71M	5.58M	6.97M	12.03M	13.38M	13.14M	10.91M	11.22M	15.77M	24.29M
EBIT	59.01M	71.87M	78.96M	115.02M	151.46M	272.45M	658.72M	704.86M	355.63M	446.28M
Net Interest Income+	119K	190K	0	0	-74.38M	-65.77M	-58.73M	-26.89M	-56.75M	0
Interest Income	129K	195K	0	0	0	0	661K	0	0	0
Interest Expense	10K	5K	0	0	74.38M	65.77M	59.39M	26.89M	56.75M	0
Other Income/Expense	1.29M	1.28M	5.21M	13.51M	-18.82M	-2.21M	-17.64M	-28M	-4.8M	-6.22M
Pretax Income+	60.3M	73.15M	84.16M	128.53M	132.63M	270.24M	641.12M	676.9M	350.83M	440.06M
Pretax Margin %	0.08%	0.07%	0.06%	0.06%	0.05%	0.09%	0.15%	0.15%	0.1%	0.1%
Income Tax+	20.41M	23.61M	33.87M	32.08M	19.64M	64.08M	142.62M	151.77M	91.61M	106.24M
Effective Tax Rate %	0.66%	0.68%	0.6%	0.75%	0.85%	0.76%	0.78%	0.78%	0.74%	0.76%
Net Income+	39.89M	49.54M	50.3M	96.45M	112.99M	206.16M	498.5M	525.13M	259.22M	333.82M
Net Margin %	0.05%	0.05%	0.04%	0.04%	0.04%	0.07%	0.12%	0.12%	0.07%	0.08%
Net Income Growth %	0.99%	0.24%	0.02%	0.92%	0.17%	0.82%	1.42%	0.05%	-0.51%	0.29%
Net Income (Continuing)	39.89M	49.54M	50.3M	96.45M	112.99M	206.16M	498.5M	525.13M	259.22M	333.82M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.88	2.33	2.03	3.17	3.62	6.13	14.47	15.92	8.05	10.40
EPS Growth %	0.83%	0.24%	-0.13%	0.56%	0.14%	0.69%	1.36%	0.1%	-0.49%	0.29%
EPS (Basic)	1.88	2.34	2.06	3.21	3.66	6.19	14.79	16.12	8.12	10.59
Diluted Shares Outstanding	20.57M	20.79M	24.56M	30.39M	31.19M	33.61M	34.44M	32.98M	32.21M	32.11M
Basic Shares Outstanding	20.57M	20.68M	24.28M	30.08M	30.89M	33.31M	33.71M	32.58M	31.92M	31.51M
Dividend Payout Ratio	-	-	-	-	-	-	0.03%	0.05%	0.11%	0.1%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	883.22M	943.51M	1.64B	2.17B	2.39B	2.74B	2.87B	3.24B	3.42B	3.96B
Cash & Short-Term Investments	29.29M	29.45M	88.83M	32.9M	55.44M	394M	368.61M	353.29M	328M	150M
Cash Only	29.29M	29.45M	88.83M	32.9M	55.44M	394M	368.61M	353.29M	328M	150M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	5.24M	5.73M	13M	13.46M	27.44M	21.78M	41.93M	52.8M	76.21M	50.32M
Days Sales Outstanding	2.6	2.1	3.33	2.29	3.95	2.51	3.63	4.28	7.53	4.18
Inventory	810.14M	857.88M	1.39B	1.85B	2B	1.93B	2.46B	2.83B	3.02B	3.45B
Days Inventory Outstanding	503.2	391.24	434.29	381.48	349.69	276.53	283.04	306.56	381.1	367
Other Current Assets	32.86M	38.26M	142.52M	252.75M	282.73M	373.53M	0	0	0	265.25M
Total Non-Current Assets+	34.52M	64.02M	129.47M	137.7M	112.64M	107.42M	642.27M	555.66M	748.33M	574.62M
Property, Plant & Equipment	8.38M	11.41M	27.91M	33.26M	54.85M	44.56M	41.88M	101.77M	205.38M	274.62M
Fixed Asset Turnover	87.70x	87.14x	51.01x	64.57x	46.23x	70.94x	100.68x	44.28x	17.98x	16.02x
Goodwill	21.36M	21.36M	27.36M	30.39M	30.39M	30.39M	30.39M	30.39M	30.39M	41.11M
Intangible Assets	4.78M	2.91M	2.94M	5.09M	0	0	13.7M	24.16M	30.93M	42.4M
Long-Term Investments	0	18.27M	28.21M	0	3.38M	8.73M	73.52M	62.08M	68.84M	31.86M
Other Non-Current Assets	0	10.05M	37.49M	55.19M	24M	23.74M	448.99M	297.77M	365.97M	162.41M
Total Assets+	917.74M	1.01B	1.74B	2.25B	2.5B	2.85B	3.51B	3.79B	4.17B	4.53B
Asset Turnover	0.80x	0.99x	0.82x	0.95x	1.01x	1.11x	1.20x	1.19x	0.89x	0.97x
Asset Growth %	0.36%	0.1%	0.72%	0.3%	0.11%	0.14%	0.23%	0.08%	0.1%	0.09%
Total Current Liabilities+	100.29M	78.02M	147.51M	385.79M	332.68M	542.05M	742.67M	624.88M	714.66M	434.37M
Accounts Payable	10.97M	15.71M	24.83M	89.91M	84.79M	107.71M	84.68M	106.93M	147.26M	133.09M
Days Payables Outstanding	6.81	7.16	7.76	18.56	14.86	15.44	9.76	11.58	18.6	14.14
Short-Term Debt	0	0	28.41M	202.5M	3.85M	62.08M	358.47M	232.32M	264.01M	135.5M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	223K	48.91M	56.85M	0	184.3M	279.8M	216.23M	205.23M	223.26M	0
Current Ratio	8.81x	12.09x	11.13x	5.62x	7.18x	5.05x	3.86x	5.18x	4.79x	9.11x
Quick Ratio	0.73x	1.10x	1.70x	0.83x	1.18x	1.49x	0.55x	0.65x	0.57x	1.16x
Cash Conversion Cycle	499	386.18	429.86	365.21	338.78	263.61	276.92	299.26	370.03	357.04
Total Non-Current Liabilities+	407.97M	455.87M	824.6M	1.01B	1.11B	1.02B	1B	1.02B	1.07B	1.48B
Long-Term Debt	390.24M	448.09M	824.6M	889.33M	965.4M	894.88M	989.7M	998.67M	1.04B	1.34B
Capital Lease Obligations	0	0	0	0	19.31M	16.8M	0	0	0	0
Deferred Tax Liabilities	275K	1.78M	0	0	0	0	12.54M	18.63M	29.82M	0
Other Non-Current Liabilities	17.45M	6M	0	119.77M	120.88M	110.67M	0	0	0	136.54M
Total Liabilities	508.26M	533.89M	999.79M	1.39B	1.44B	1.56B	1.74B	1.64B	1.78B	1.91B
Total Debt+	390.24M	454.09M	824.6M	1.09B	988.56M	973.76M	1.35B	1.23B	1.3B	1.48B
Net Debt	360.96M	424.64M	735.77M	1.06B	933.12M	579.76M	979.56M	877.69M	973.77M	1.33B
Debt / Equity	0.95x	0.96x	1.12x	1.27x	0.93x	0.76x	0.76x	0.57x	0.55x	0.56x
Debt / EBITDA	6.12x	5.86x	9.60x	8.59x	6.00x	3.41x	2.01x	1.72x	3.50x	3.14x
Net Debt / EBITDA	5.66x	5.48x	8.56x	8.33x	5.66x	2.03x	1.46x	1.23x	2.62x	2.82x
Interest Coverage	5901.40x	14374.40x	-	-	2.04x	4.14x	11.09x	26.21x	6.27x	-
Total Equity+	409.48M	473.64M	735.23M	859.36M	1.06B	1.28B	1.76B	2.15B	2.39B	2.62B
Equity Growth %	0.12%	0.16%	0.55%	0.17%	0.24%	0.21%	0.38%	0.22%	0.11%	0.1%
Book Value per Share	19.91	22.78	29.94	28.28	34.04	38.10	51.23	65.20	74.11	81.62
Total Shareholders' Equity	409.48M	473.64M	735.23M	859.36M	1.06B	1.28B	1.76B	2.15B	2.39B	2.62B
Common Stock	213K	216K	295K	302K	331K	334K	338K	318K	318K	310K
Retained Earnings	68.31M	117.85M	168.15M	264.02M	377.01M	583.17M	1.07B	1.57B	1.79B	2.09B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-162.73M	-45.84M	-111.27M	-195.58M	-68.81M	340.58M	-201.15M	315.35M	41.63M	125.69M
Operating CF Margin %	-0.22%	-0.05%	-0.08%	-0.09%	-0.03%	0.11%	-0.05%	0.07%	0.01%	0.03%
Operating CF Growth %	-0.25%	0.72%	-1.43%	-0.76%	0.65%	5.95%	-1.59%	2.57%	-0.87%	2.02%
Net Income	39.89M	49.54M	50.3M	96.45M	112.99M	206.16M	498.5M	525.13M	259.22M	333.82M
Depreciation & Amortization	4.71M	5.58M	6.97M	12.03M	13.38M	13.14M	10.91M	11.22M	15.77M	24.29M
Stock-Based Compensation	5.25M	6.66M	9.54M	13.74M	15.32M	18.33M	14.38M	20.05M	36.78M	27.87M
Deferred Taxes	1.63M	1.51M	674K	-4.16M	3.17M	-1.86M	-8.7M	383K	3.86M	-5.22M
Other Non-Cash Items	-128K	-637K	-2.98M	-5.44M	14.41M	-3.55M	18.92M	34.95M	8.81M	-1.41M
Working Capital Changes	-214.09M	-108.48M	-175.78M	-308.21M	-228.08M	108.36M	-735.17M	-276.38M	-282.82M	-253.64M
Change in Receivables	-3.26M	-488K	-166K	1.23M	-13.97M	5.66M	-20.24M	-10.87M	-23.42M	26.5M
Change in Inventory	-208.52M	-91.86M	-83.38M	-284.98M	-129.02M	94.5M	-524.18M	-381.4M	-185.09M	-313.67M
Change in Payables	-6.1M	4.66M	-3.67M	52.56M	-5.11M	22.92M	-23.03M	22.25M	40.34M	-15.57M
Cash from Investing+	-4.23M	-23.2M	-134.45M	-43.54M	-14.28M	-8.4M	-6.48M	-54.26M	-131.98M	-232.69M
Capital Expenditures	-5.75M	-7.76M	-17.63M	-15.8M	-16.12M	-9M	-8.91M	-20.41M	-43.14M	-38.97M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0%	0%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.52M	1.56M	154K	303K	1.83M	599K	2.43M	-33.86M	-88.84M	-193.72M
Cash from Financing+	162.79M	69.2M	308.48M	181.84M	105.17M	7.39M	131.79M	-274.83M	23.86M	40.31M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-15.19M	-26.03M	-29.38M	-32.75M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.82M	-2.17M	-13.81M	-3.64M	-6.14M	-777K	-6.32M	-44K	0	-5.48M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-168.48M	-52.45M	-128.9M	-211.38M	-84.92M	331.57M	-210.06M	264.65M	-90.05M	86.72M
FCF Margin %	-0.23%	-0.05%	-0.09%	-0.1%	-0.03%	0.1%	-0.05%	0.06%	-0.02%	0.02%
FCF Growth %	-0.29%	0.69%	-1.46%	-0.64%	0.6%	4.9%	-1.63%	2.26%	-1.34%	1.96%
FCF per Share	-8.19	-2.52	-5.25	-6.96	-2.72	9.87	-6.10	8.03	-2.80	2.70
FCF Conversion (FCF/Net Income)	-4.08x	-0.93x	-2.21x	-2.03x	-0.61x	1.65x	-0.40x	0.60x	0.16x	0.38x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	18.66M	23.47M	29.63M	39.66M	26.94M	48.79M	155.59M	168.12M	80.38M	102.38M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.3%	11.22%	8.32%	12.1%	11.76%	17.6%	32.74%	26.83%	11.43%	13.33%
Return on Invested Capital (ROIC)	6.67%	6.46%	5%	5.09%	5.81%	10.6%	21.46%	18.32%	8.35%	9.16%
Gross Margin	19.99%	19.52%	17.93%	17.65%	17.86%	19.43%	24.86%	25.2%	21.75%	21.89%
Net Margin	5.43%	4.98%	3.53%	4.49%	4.46%	6.52%	11.82%	11.65%	7.02%	7.59%
Debt / Equity	0.95x	0.96x	1.12x	1.27x	0.93x	0.76x	0.76x	0.57x	0.55x	0.56x
Interest Coverage	5901.40x	14374.40x	-	-	2.04x	4.14x	11.09x	26.21x	6.27x	-
FCF Conversion	-4.08x	-0.93x	-2.21x	-2.03x	-0.61x	1.65x	-0.40x	0.60x	0.16x	0.38x
Revenue Growth	102.68%	35.39%	43.18%	50.82%	18.09%	24.66%	33.38%	6.87%	-18.06%	19.12%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Home Building	-	-	-	2.12B	2.49B	3.06B	4.09B	4.41B	3.61B	4.31B
Home Building Growth	-	-	-	-	17.82%	22.68%	33.84%	7.77%	-18.11%	19.20%
Home Sales	-	-	-	2.11B	2.48B	3.03B	4.03B	4.39B	3.6B	4.3B
Home Sales Growth	-	-	-	-	17.60%	21.99%	33.23%	8.95%	-17.97%	19.37%
Financial Services	-	-	9.85M	22.96M	32.58M	54.8M	72.58M	54.27M	48.66M	92.9M
Financial Services Growth	-	-	-	133.01%	41.89%	68.22%	32.45%	-25.22%	-10.35%	90.91%
Land Sales And Other	-	-	-	5.63M	11.18M	30.72M	59.61M	16.7M	7.53M	2.75M
Land Sales And Other Growth	-	-	-	-	98.61%	174.65%	94.05%	-71.99%	-54.91%	-63.43%
Mountain	-	-	616.52M	-	-	-	-	-	-	-
Mountain Growth	-	-	-	-	-	-	-	-	-	-
West	-	-	210.7M	-	-	-	-	-	-	-
West Growth	-	-	-	-	-	-	-	-	-	-
Texas Division	78M	107.44M	165.17M	-	-	-	-	-	-	-
Texas Division Growth	-	37.74%	53.74%	-	-	-	-	-	-	-
Colorado Division	259.26M	358.27M	-	-	-	-	-	-	-	-
Colorado Division Growth	-	38.19%	-	-	-	-	-	-	-	-
Utah	-	2.63M	-	-	-	-	-	-	-	-
Utah Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Century Communities, Inc. (CCS) has a price-to-earnings (P/E) ratio of 6.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Century Communities, Inc. (CCS) reported $4.16B in revenue for fiscal year 2024. This represents a 4230% increase from $96.0M in 2012.

Century Communities, Inc. (CCS) grew revenue by 19.1% over the past year. This is strong growth.

Yes, Century Communities, Inc. (CCS) is profitable, generating $214.4M in net income for fiscal year 2024 (7.6% net margin).

Dividend & Returns

Yes, Century Communities, Inc. (CCS) pays a dividend with a yield of 1.48%. This makes it attractive for income-focused investors.

Century Communities, Inc. (CCS) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.

Century Communities, Inc. (CCS) generated $204.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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