Revenue has contracted for multiple quarters from the roughly $1.3B peak in Q4 2024, and net margin fell to 1.5% in Q3 2026 from 8.1% in Q4 2024, indicating sustained top-line and profitability pressure.
Century Communities, Inc. (CCS) annual income statement — 14-year revenue, gross profit & net income history
| 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 | 3.8B | 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 % | -8.62% | -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 | 3.2B | 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 | 602.23M | 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 % | 15.85% | 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 | 497M | 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 | 497M | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 105.24M | 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 % | 2.77% | 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 | 127.3M | 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 % | 3.35% | 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 % | -62.99% | -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) | 22.06M | 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 | 119.01M | 194.41M | 440.06M | 407.58M | 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 | 39.97M | -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 | 145.21M | 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 % | 3.82% | 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 | 36.08M | 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 % | 24.85% | 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 | 109.13M | 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 % | 2.87% | 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 % | -49.1% | -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) | 109.13M | 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) | 3.83 | 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 % | -45.4% | -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 | 28.48M | 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 | 28.36M | 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% |
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.
Key Metrics
Top Statement Risk
Sustained top-line contraction
Metrics are mathematically derived from official filings.
Revenue Contraction Persists Despite Stabilization
Based on reported quarterly figures, CCS's revenue declined 6.4% year over year to roughly $864.5M in the latest quarter, extending a multi-quarter contraction that began after the 2024 peak of about $1.3B in Q4 2024 and suggesting volume or pricing pressure is ongoing.
The sequence of negative year-over-year prints across the last several quarters suggests demand softness rather than a one-time timing effect, consistent with a rate-sensitive entry-level buyer base. The trend may indicate that closing volumes are being sustained by incentives rather than organic demand, which warrants monitoring of absorption and ASP data. Investors should watch whether the revenue base stabilizes in the coming periods or continues to decline.
Gross Margin Compression From 22% Peak
As reported in financial statements, CCS's gross margin fell from 22.6% in Q2 2024 to 15.4% in Q3 2026, a compression of roughly 720 basis points that points to pricing concessions or cost pressure on spec inventory.
The gross margin trajectory is consistent with the spec-building model absorbing higher land and construction costs while sales incentives and mortgage buydowns reduce realized pricing. A partial recovery in Q1 2026 to 18.9% followed by renewed compression suggests margin outcomes are sensitive to the mix of inventory being closed. Margins at this level leave limited cushion against further input cost inflation.
Operating Leverage Working Against Volume
Based on reported figures, CCS's operating margin compressed from 10.5% in Q2 2024 to 1.7% in Q3 2026 as SG&A held near $119M to $135M per quarter while revenue fell, indicating negative operating leverage.
Because overhead has remained roughly fixed while gross profit declined, the cost base is not flexing down with revenue. This pattern may indicate that the company is carrying a sales and administrative infrastructure sized for higher volumes. Investors should monitor whether SG&A reductions can keep pace with further revenue declines.
EPS Volatility Outpaces Operating Trend
According to reported figures, CCS's diluted EPS of $0.44 in Q3 2026 fell 65% year over year while the prior quarter's EPS of $1.25 rose 10%, showing that quarterly earnings swing sharply relative to underlying operating results.
Such volatility may reflect the timing of closings, inventory impairments, or tax and capitalized interest effects that flow through cost of sales rather than current expense. Stock-based compensation remains modest at a few million dollars per quarter, so it does not appear to be a principal driver of the swings. Earnings should be assessed on a trailing basis rather than from single quarters.
Margin Recovery Thesis Faces Demand Risk
Based on reported quarterly data, CCS's net margin of 1.5% in Q3 2026 sits well below the 8.1% achieved in Q4 2024, and a bullish earnings recovery case depends on incentive spending falling without volume loss, which the data does not yet demonstrate.
The bear case would argue that recent EPS strength reflects one-time inventory clearance and that sustained buyer incentives are masking weak underlying absorption. Peer comparison shows LGIH with a 4.3% net margin and similar revenue contraction, suggesting the entry-level segment faces a common headwind rather than company-specific execution alone. Whether margins can recover without further revenue erosion remains an open question the reported figures do not resolve.