Financial Snapshot

Revenue
$1.461B
TTM
Gross Margin
15.92%
TTM
Net Earnings
$26.66M
TTM
Current Assets
$1.440B
Q3 2024
Current Liabilities
$313.5M
Q3 2024
Current Ratio
459.55%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$681.0M
Q3 2024
Cash
Q3 2024
P/E
15.24
Nov 29, 2024 EST
Free Cash Flow
-$194.0K
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $1.210B $1.446B $1.023B $734.6M $631.0M $0.00 $0.00
YoY Change -16.35% 41.35% 39.3% 16.42%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $1.210B $1.446B $1.023B $734.6M $631.0M $0.00 $0.00
Cost Of Revenue $995.0M $1.160B $840.7M $639.7M $531.5M
Gross Profit $215.0M $286.9M $182.6M $94.87M $99.46M
Gross Profit Margin 17.77% 19.84% 17.84% 12.91% 15.76%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $174.7M $178.6M $123.1M $90.70M $61.41M $780.0K $120.0K
YoY Change -2.21% 45.1% 35.73% 47.7% 7772.56% 550.0%
% of Gross Profit 81.26% 62.26% 67.42% 95.6% 61.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.104M $5.549M $5.393M $3.580M $2.960M
YoY Change -8.02% 2.89% 50.64% 20.95%
% of Gross Profit 2.37% 1.93% 2.95% 3.77% 2.98%
Operating Expenses $174.7M $178.6M $123.1M $90.70M $61.41M $780.0K $120.0K
YoY Change -2.21% 45.1% 35.73% 47.7% 7772.56% 550.0%
Operating Profit $40.28M $108.3M $59.49M $4.173M $38.05M
YoY Change -62.8% 82.03% 1325.64% -89.03%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense $36.30M $149.0K $34.81M $39.10M $42.33M $1.690M $0.00
YoY Change 24262.42% -99.57% -10.98% -7.62% 2404.56%
% of Operating Profit 90.11% 0.14% 58.51% 937.05% 111.23%
Other Income/Expense, Net $4.261M -$63.00K $3.886M $80.00K -$1.602M
YoY Change -6863.49% -101.62% 4757.5% -104.99%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income $44.55M $101.1M $66.73M -$12.17M $28.55M $900.0K -$120.0K
YoY Change -55.92% 51.45% -648.54% -142.61% 3072.22% -850.0%
Income Tax $11.90M $25.40M $14.00M -$3.081M $6.159M $310.0K
% Of Pretax Income 26.7% 25.13% 20.97% 21.57% 34.44%
Net Earnings $29.24M $73.55M $52.79M -$8.951M $17.20M $590.0K -$120.0K
YoY Change -60.25% 39.34% -689.72% -152.04% 2815.25% -591.67%
Net Earnings / Revenue 2.42% 5.08% 5.16% -1.22% 2.73%
Basic Earnings Per Share $0.75 $1.71 $1.14 -$0.27 $0.53
Diluted Earnings Per Share $0.75 $1.70 $1.14 -$0.27 $0.53 $37.99K -$7.109K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $119.6M $123.6M $342.8M $100.0K $200.0K $200.0K $0.00
YoY Change -3.3% -63.94% 342710.0% -50.0% 0.0%
Cash & Equivalents $119.6M $123.6M $342.8M $100.0K $200.0K $200.0K $0.00
Short-Term Investments
Other Short-Term Assets $8.993M $4.896M $5.954M $0.00 $300.0K $0.00
YoY Change 83.68% -17.77% -100.0%
Inventory $1.122B $1.093B $844.8M
Prepaid Expenses
Receivables $5.954M $7.180M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.256B $1.229B $1.194B $100.0K $500.0K $200.0K $0.00
YoY Change 2.21% 2.98% 1193456.0% -80.0% 150.0%
Property, Plant & Equipment $24.53M $25.12M $19.19M
YoY Change -2.35% 30.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $19.00K $41.00K $470.0K $109.7M $162.0M $159.7M
YoY Change -53.66% -91.28% -99.57% -32.28% 1.44%
Other Assets $67.58M $30.67M $11.79M $0.00 $200.0K
YoY Change 120.34% 160.09% -100.0%
Total Long-Term Assets $215.0M $211.4M $71.96M $109.7M $162.0M $159.8M $200.0K
YoY Change 1.7% 193.81% -34.4% -32.28% 1.38% 79800.0%
Total Assets $1.471B $1.440B $1.266B $109.8M $162.5M $160.0M $200.0K
YoY Change
Accounts Payable $77.97M $74.45M $73.73M $2.000M $100.0K $100.0K $100.0K
YoY Change 4.73% 0.96% 3586.7% 1900.0% 0.0% 0.0%
Accrued Expenses $155.4M $146.0M $81.68M $0.00 $100.0K $200.0K $0.00
YoY Change 6.46% 78.76% -100.0% -50.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $2.500M $800.0K $0.00 $200.0K
YoY Change -100.0% 212.5% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $238.9M $224.8M $169.8M $4.500M $900.0K $300.0K $300.0K
YoY Change 6.31% 32.33% 3674.36% 400.0% 200.0% 0.0%
Long-Term Debt $543.8M $505.4M $461.1M $0.00 $0.00 $0.00 $0.00
YoY Change 7.59% 9.61%
Other Long-Term Liabilities $180.0K $0.00 $13.15M $5.400M $5.400M $5.400M
YoY Change -100.0% 143.59% 0.0% 0.0%
Total Long-Term Liabilities $544.0M $505.4M $474.3M $5.400M $5.400M $5.400M $0.00
YoY Change 7.62% 6.57% 8682.8% 0.0% 0.0%
Total Liabilities $818.4M $784.5M $645.4M $9.900M $6.500M $5.700M $300.0K
YoY Change 4.31% 21.57% 6418.86% 52.31% 14.04% 1800.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 38.89M shares 42.05M shares 45.20M shares 32.56M shares 32.56M shares
Diluted Shares Outstanding 39.08M shares 42.20M shares 45.25M shares 32.56M shares 32.56M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $406.37 Million

About Landsea Homes Corp

Landsea Homes Corp. provides building construction services. The company is headquartered in Dallas, Texas and currently employs 497 full-time employees. The company went IPO on 2018-06-20. The company designs, construction, markets and sales of suburban and urban single-family detached and attached homes in Arizona, California, Colorado, Florida, Texas, and Metro New York. The Arizona market includes entry-level, single-family homes in Avondale, Buckeye, Chandler, Goodyear, Mesa, Phoenix, Queen Creek, Surprise and Tolleson. The California market consists of single-family detached and attached homes in Alameda, Contra Costa, Marin, San Joaquin and Santa Clara counties in Northern California and Los Angeles, Orange and San Bernardino counties in Southern California. The Metro New York market consists of a condominium project in the Chelsea neighborhood in New York City, New York. The Texas market includes single-family homes and a master-planned community around Austin. The Colorado market focuses on entry level and first-time move up communities with new single-family detached homes in Mead and Brighton.

Industry: Operative Builders Peers: BEAZER HOMES USA INC Green Brick Partners, Inc. Dream Finders Homes, Inc. Harbor Custom Development, Inc. HORTON D R INC /DE/ HOVNANIAN ENTERPRISES INC Legacy Housing Corp NOBILITY HOMES INC VANJIA CORP