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Tri Pointe Homes, Inc. engages in the design, construction, and sales of single-family attached and detached homes in the United States. The company operates in two segments, Homebuilding and Financial Services. It operates active selling communities and owns or controls lots. The company sells its homes through its own sales representatives and independent real estate brokers. It also offers 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 based in Incline Village, Nevada.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.5B | $332M | $241M | $129M | 7.3% | -22.8% | -47.4% |
| 2024 | $4.5B | $608M | $458M | $673M | 13.7% | 20.9% | 33.3% |
| 2023 | $3.7B | $455M | $344M | $170M | 11.4% | -14.6% | -40.3% |
| 2022 | $4.3B | $799M | $576M | $401M | 20.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4,348.53 | 3,715.20 | 4,492.87 | 3,470.70 |
| Operating Revenue | - | 4,345.84 | 3,712.23 | 4,489.71 | 3,467.46 |
| Cost Of Revenue | - | 3,187.79 | 2,881.92 | 3,440.39 | 2,741.86 |
| Gross Profit | - | 1,160.74 | 833.29 | 1,052.48 | 728.84 |
| Operating Expense | - | 390.19 | 405.28 | 475.62 | 427.03 |
| Selling General And Administration | - | 387.51 | 402.38 | 472.56 | 423.85 |
| Total Expenses | - | 3,577.99 | 3,287.19 | 3,916 | 3,168.89 |
| Operating Income | - | 770.55 | 428.01 | 576.87 | 301.81 |
| Total Operating Income As Reported | - | 746.52 | 413.33 | 552.58 | 284.63 |
| EBITDA | - | 798.56 | 454.86 | 607.88 | 332.08 |
| Normalized EBITDA | - | 798.56 | 454.86 | 607.88 | 332.08 |
| EBIT | - | 770.55 | 428.01 | 576.87 | 301.81 |
| Other Non Operating Income Expenses | - | 2.31 | 39.45 | 39.64 | 29.44 |
| Other Income Expense | - | 2.66 | 39.35 | 40 | 31.96 |
| Pretax Income | - | 773.21 | 467.36 | 616.87 | 333.78 |
| Tax Provision | - | 190.80 | 118.16 | 158.90 | 92.78 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 582.41 | 349.20 | 457.97 | 240.99 |
| Net Income From Continuing And Discontinued Operation | - | 576.06 | 343.70 | 458.03 | 241.09 |
| Net Income From Continuing Operation Net Minority Interest | - | 576.06 | 343.70 | 458.03 | 241.09 |
| Net Income | - | 576.06 | 343.70 | 458.03 | 241.09 |
| Net Income Common Stockholders | - | 576.06 | 343.70 | 458.03 | 241.09 |
| Net Income Including Noncontrolling Interests | - | 582.41 | 349.20 | 457.97 | 240.99 |
| Normalized Income | - | 576.06 | 343.70 | 458.03 | 241.09 |
| Diluted NI Availto Com Stockholders | - | 576.06 | 343.70 | 458.03 | 241.09 |
| Basic Average Shares | - | 102.90 | 98.68 | 93.99 | 88.17 |
| Diluted Average Shares | - | 104 | 99.70 | 94.91 | 88.70 |
| Reconciled Depreciation | - | 28.01 | 26.85 | 31.02 | 30.27 |
| Reconciled Cost Of Revenue | - | 3,187.79 | 2,881.92 | 3,440.39 | 2,741.86 |
| Total Unusual Items | 0 | 0 | - | - | - |
| Total Unusual Items Excluding Goodwill | 0 | 0 | - | - | - |
| Minority Interests | - | -6.35 | -5.49 | 0.06 | 0.10 |
| Special Income Charges | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | 0 | 0 | - | - | - |
| General And Administrative Expense | - | 212.50 | 217.99 | 256.04 | 230.07 |
| Other Gand A | - | 212.50 | 217.99 | 256.04 | 230.07 |
| Other Operating Expenses | - | 2.68 | 2.89 | 3.06 | 3.17 |
| Selling And Marketing Expense | - | 175 | 184.39 | 216.52 | 193.78 |
| Earnings From Equity Interest | - | 0.36 | -0.10 | 0.36 | 2.53 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tri Pointe Homes, Inc.this co. | TPH | $4.0B | 16.58↓ discount | 1.21 | 7.3% | 12.94 |
| Victoria's Secret & Co. | VSCO | $4.3B | 26.79 | 5.04 | 18.8% | 12.87 |
| Cavco Industries, Inc. | CVCO | $4.2B | 22.19 | 3.83 | 17.3% | 14.93 |
| Champion Homes, Inc. | SKY | $4.1B | 19.79 | 2.60 | 13.2% | 10.97 |
| Dana Incorporated | DAN | $4.0B |
| - |
| - |
| - |
| - |
| - |
| 46.72 |
| 4.73 |
| 10.1% |
| 13.87 |
| OPENLANE, Inc. | OPLN | $3.9B | - | 3.12 | -8.3% | 14.29 |
| Atmus Filtration Technologies Inc. | ATMU | $3.9B | 18.59 | 10.19 | 54.8% | 12.84 |
| Dorman Products, Inc. | DORM | $3.8B | 18.74 | 2.59 | 13.8% | 11.99 |
| Kontoor Brands, Inc. | KTB | $3.8B | 16.68 | 6.72 | 40.3% | 12.35 |
| Peer Median | - | 19.79 | 4.28 | 15.5% | 12.85 | |