Revenue growth turned negative at -12.6% in 2026Q1, while net margins compressed to 3.1% from 8.1% in 2024Q4 due to competitive pricing pressures.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Sales/Revenue | 3.99B | 4.12B | 4.4B | 3.69B | 4.51B | 4.22B | 3.16B | 2.54B | 2.15B | 1.42B | 994.44M | 734.49M | 362.39M | 171.13M | 96.03M |
| Revenue Growth % | -8.37% | -6.38% | 19.12% | -18.06% | 6.87% | 33.38% | 24.66% | 18.09% | 50.82% | 43.18% | 35.39% | 102.68% | 111.76% | 78.21% | - |
| Cost of Goods Sold | 3.25B | 3.24B | 3.44B | 2.89B | 3.37B | 3.17B | 2.55B | 2.08B | 1.77B | 1.17B | 800.34M | 587.63M | 284.5M | 129.65M | 75.45M |
| COGS % of Revenue | - | 78.58% | 78.11% | 78.25% | 74.8% | 75.14% | 80.57% | 82.14% | 82.35% | 82.07% | 80.48% | 80.01% | 78.5% | 75.76% | 78.57% |
| Gross Profit | 733.82M | 882.14M | 962.76M | 802.97M | 1.14B | 1.05B | 614.16M | 452.98M | 379M | 255.26M | 194.1M | 146.85M | 77.9M | 41.48M | 20.58M |
| Gross Margin % | 18.4% | 21.42% | 21.89% | 21.75% | 25.2% | 24.86% | 19.43% | 17.86% | 17.65% | 17.93% | 19.52% | 19.99% | 21.5% | 24.24% | 21.43% |
| Gross Profit Growth % | - | -8.37% | 19.9% | -29.29% | 8.32% | 70.7% | 35.58% | 19.52% | 48.48% | 31.51% | 32.17% | 88.52% | 87.79% | 101.55% | - |
| Operating Expenses | 499.48M | 504.89M | 516.49M | 447.31M | 430.74M | 389.61M | 341.71M | 301.52M | 263.98M | 176.3M | 122.22M | 87.84M | 46.8M | 23.62M | 13.5M |
| OpEx % of Revenue | - | 12.26% | 11.74% | 12.12% | 9.56% | 9.24% | 10.81% | 11.89% | 12.29% | 12.38% | 12.29% | 11.96% | 12.91% | 13.8% | 14.05% |
| Selling, General & Admin | 370.64M | 504.89M | 516.49M | 447.31M | 430.74M | 389.61M | 341.71M | 301.52M | 263.98M | 176.3M | 122.22M | 87.84M | 46.8M | 23.62M | 13.5M |
| SG&A % of Revenue | - | 12.26% | 11.74% | 12.12% | 9.56% | 9.24% | 10.81% | 11.89% | 12.29% | 12.38% | 12.29% | 11.96% | 12.91% | 13.8% | 14.05% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 234.34M | 377.24M | 446.28M | 355.63M | 704.9M | 658.76M | 272.45M | 151.46M | 115.02M | 78.96M | 71.87M | 59.01M | 31.1M | 17.86M | 7.09M |
| Operating Margin % | 5.88% | 9.16% | 10.15% | 9.63% | 15.64% | 15.62% | 8.62% | 5.97% | 5.36% | 5.55% | 7.23% | 8.03% | 8.58% | 10.44% | 7.38% |
| Operating Income Growth % | - | -15.47% | 25.49% | -49.55% | 7% | 141.79% | 79.89% | 31.68% | 45.68% | 9.86% | 21.79% | 89.74% | 74.14% | 152.05% | - |
| EBITDA | 258.09M | 402.07M | 470.56M | 371.4M | 716.13M | 669.67M | 285.59M | 164.84M | 127.05M | 85.93M | 77.45M | 63.73M | 34.04M | 18.8M | 7.28M |
| EBITDA Margin % | 6.47% | 9.76% | 10.7% | 10.06% | 15.89% | 15.88% | 9.03% | 6.5% | 5.92% | 6.04% | 7.79% | 8.68% | 9.39% | 10.98% | 7.58% |
| EBITDA Growth % | -40.93% | -14.56% | 26.7% | -48.14% | 6.94% | 134.49% | 73.26% | 29.74% | 47.86% | 10.94% | 21.54% | 87.2% | 81.11% | 158.13% | - |
| D&A (Non-Cash Add-back) | 23.75M | 24.82M | 24.29M | 15.77M | 11.22M | 10.91M | 13.14M | 13.38M | 12.03M | 6.97M | 5.58M | 4.71M | 2.94M | 937K | 196K |
| EBIT | 177.53M | 194.41M | 446.28M | 355.63M | 704.86M | 658.72M | 272.45M | 151.46M | 115.02M | 78.96M | 71.87M | 59.01M | 30.98M | 17.86M | 7.44M |
| Net Interest Income | 0 | 0 | 0 | -56.75M | -26.89M | -58.73M | -65.77M | -74.38M | 0 | 0 | 190K | 119K | 336K | 228K | 11K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 661K | 0 | 0 | 0 | 0 | 195K | 129K | 362K | 228K | 11K |
| Interest Expense | 0 | 0 | 0 | 56.75M | 26.89M | 59.39M | 65.77M | 74.38M | 0 | 0 | 5K | 10K | 26K | 0 | 0 |
| Other Income/Expense | -22.15M | -182.83M | -6.22M | -4.8M | -28M | -17.64M | -2.21M | -18.82M | 13.51M | 5.21M | 1.28M | 1.29M | -143K | 213K | 353K |
| Pretax Income | 175.22M | 194.41M | 440.06M | 350.83M | 676.9M | 641.12M | 270.24M | 132.63M | 128.53M | 84.16M | 73.15M | 60.3M | 30.96M | 18.07M | 7.44M |
| Pretax Margin % | 4.39% | 4.72% | 10.01% | 9.5% | 15.02% | 15.21% | 8.55% | 5.23% | 5.99% | 5.91% | 7.36% | 8.21% | 8.54% | 10.56% | 7.75% |
| Income Tax | 42.6M | 46.81M | 106.24M | 91.61M | 151.77M | 142.62M | 64.08M | 19.64M | 32.08M | 33.87M | 23.61M | 20.41M | 10.94M | 5.64M | 0 |
| Effective Tax Rate % | 24.31% | 24.08% | 24.14% | 26.11% | 22.42% | 22.25% | 23.71% | 14.81% | 24.96% | 40.24% | 32.28% | 33.85% | 35.33% | 31.22% | 0% |
| Net Income | 132.62M | 147.6M | 333.82M | 259.22M | 525.13M | 498.5M | 206.16M | 112.99M | 96.45M | 50.3M | 49.54M | 39.89M | 20.02M | 12.38M | 6.14M |
| Net Margin % | 3.33% | 3.58% | 7.59% | 7.02% | 11.65% | 11.82% | 6.52% | 4.46% | 4.49% | 3.53% | 4.98% | 5.43% | 5.53% | 7.23% | 6.39% |
| Net Income Growth % | -57.06% | -55.78% | 28.78% | -50.64% | 5.34% | 141.81% | 82.45% | 17.15% | 91.78% | 1.52% | 24.19% | 99.23% | 61.74% | 101.68% | - |
| Net Income (Continuing) | 132.62M | 147.6M | 333.82M | 259.22M | 525.13M | 498.5M | 206.16M | 112.99M | 96.45M | 50.3M | 49.54M | 39.89M | 20.02M | 12.43M | 7.44M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.5M |
| EPS (Diluted) | 4.54 | 4.86 | 10.40 | 8.05 | 15.92 | 14.47 | 6.13 | 3.62 | 3.17 | 2.03 | 2.33 | 1.88 | 1.03 | 0.95 | 0.41 |
| EPS Growth % | -54.04% | -53.27% | 29.19% | -49.43% | 10.02% | 136.05% | 69.34% | 14.2% | 56.16% | -12.88% | 23.94% | 82.52% | 8.42% | 131.71% | - |
| EPS (Basic) | - | 4.92 | 10.59 | 8.12 | 16.12 | 14.79 | 6.19 | 3.66 | 3.21 | 2.06 | 2.34 | 1.88 | 1.03 | 0.95 | 0.32 |
| Diluted Shares Outstanding | 29.22M | 30.36M | 32.11M | 32.21M | 32.98M | 34.44M | 33.61M | 31.19M | 30.39M | 24.56M | 20.79M | 20.57M | 19.23M | 12.87M | 14.97M |
| Basic Shares Outstanding | 29.19M | 29.99M | 31.51M | 31.92M | 32.58M | 33.71M | 33.31M | 30.89M | 30.08M | 24.28M | 20.68M | 20.57M | 19.23M | 12.87M | 14.97M |
| Dividend Payout Ratio | - | 23.54% | 9.81% | 11.33% | 4.96% | 3.05% | - | - | - | - | - | - | - | 30.94% | 102.79% |
Entry-level demand sensitivity
As reported in recent financial statements, Century Communities has experienced a notable shift in momentum, with revenue growth turning negative at -12.6% in 2026Q1, signaling that the company's aggressive expansion phase is facing significant headwinds within the highly rate-sensitive entry-level housing market segment.
The transition from double-digit growth in early 2024 to consistent contraction suggests that the company's volume-driven model is struggling to maintain absorption rates. Investors should monitor whether this decline reflects a strategic pivot toward inventory management or a fundamental loss of pricing power against existing home inventory.
Based on the provided income statement data, net margins have compressed significantly to 3.1% in 2026Q1, down from 8.1% in 2024Q4, indicating that the company is likely utilizing aggressive mortgage rate buy-downs and sales incentives to sustain closing volumes in a restrictive interest rate environment.
This margin erosion suggests that the Century Complete model's reliance on price-sensitive buyers leaves little room for cost absorption when market conditions tighten. The structural reliance on spec-building appears to be amplifying the impact of these incentives, potentially masking the true underlying demand for their product.
According to the latest quarterly figures, operating income has scaled down faster than gross profit, with operating margins falling to 8.9% in 2026Q1, which implies that the company's fixed cost structure is becoming a drag on profitability during this period of declining top-line revenue.
The inability to maintain operating leverage suggests that SG&A expenses are not scaling down in proportion to the revenue decline. This warrants further investigation into whether the company's digital-first sales funnel is providing the expected efficiency gains or if overhead remains bloated relative to current delivery volumes.
While the company maintains a conservative Debt/Equity ratio of 0.56%, the persistent decline in net income, which dropped to $24.4M in 2026Q1, raises concerns regarding the long-term viability of a business model that prioritizes unit volume over bottom-line profitability in a cooling housing cycle.
Short-sellers may focus on the potential for hidden leverage within off-balance sheet land options, which could expose the company to greater risk than the headline debt figures suggest. If the current incentive-heavy strategy fails to stabilize absorption, the company may face significant inventory impairment risks in future quarters.
Quick answers to the most common questions about buying CCS stock.
For fiscal year 2025, Century Communities, Inc. (CCS) reported total revenue of $4.12B. This represents a 4188.1% increase compared to $96.0M in 2012.
Century Communities, Inc. (CCS) is profitable, generating $147.6M in net income for the fiscal year ending 2025 with a net profit margin of 3.6%.
Century Communities, Inc. (CCS) reported an operating income of $377.2M, resulting in an operating profit margin of 9.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Century Communities, Inc. (CCS) generated $882.1M in gross profit for the year, representing a gross profit margin of 21.4%. This demonstrates the company's core pricing power and production efficiency.