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Side-by-side financial comparison of HOVNANIAN ENTERPRISES INC (HOV) and Kimco Realty (KIM). Click either name above to swap in a different company.

HOVNANIAN ENTERPRISES INC is the larger business by last-quarter revenue ($817.9M vs $542.5M, roughly 1.5× Kimco Realty). Kimco Realty runs the higher net margin — 27.9% vs -0.1%, a 27.9% gap on every dollar of revenue. On growth, Kimco Realty posted the faster year-over-year revenue change (3.2% vs -16.5%). Over the past eight quarters, HOVNANIAN ENTERPRISES INC's revenue compounded faster (17.3% CAGR vs 3.8%).

Hovnanian Enterprises, Inc. is an American real estate company which is involved in every aspect of marketing homes, including design, construction and sales. The company works with individual detached housing as well as higher-occupancy dwellings, including townhouses, condominiums and retirement homes.

Kimco Realty Corporation, headquartered in Jericho, New York, is a real estate investment trust that invests in shopping centers.

HOV vs KIM — Head-to-Head

Bigger by revenue
HOV
HOV
1.5× larger
HOV
$817.9M
$542.5M
KIM
Growing faster (revenue YoY)
KIM
KIM
+19.8% gap
KIM
3.2%
-16.5%
HOV
Higher net margin
KIM
KIM
27.9% more per $
KIM
27.9%
-0.1%
HOV
Faster 2-yr revenue CAGR
HOV
HOV
Annualised
HOV
17.3%
3.8%
KIM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HOV
HOV
KIM
KIM
Revenue
$817.9M
$542.5M
Net Profit
$-667.0K
$151.2M
Gross Margin
Operating Margin
-0.5%
36.4%
Net Margin
-0.1%
27.9%
Revenue YoY
-16.5%
3.2%
Net Profit YoY
-100.7%
-9.0%
EPS (diluted)
$-0.57

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HOV
HOV
KIM
KIM
Q4 25
$817.9M
$542.5M
Q3 25
$800.6M
$535.9M
Q2 25
$686.5M
$525.2M
Q1 25
$673.6M
$536.6M
Q4 24
$979.6M
$525.4M
Q3 24
$722.7M
$507.6M
Q2 24
$708.4M
$500.2M
Q1 24
$594.2M
$503.8M
Net Profit
HOV
HOV
KIM
KIM
Q4 25
$-667.0K
$151.2M
Q3 25
$16.6M
$137.8M
Q2 25
$19.7M
$163.0M
Q1 25
$28.2M
$132.8M
Q4 24
$94.3M
$166.0M
Q3 24
$72.9M
$136.0M
Q2 24
$50.8M
$119.7M
Q1 24
$23.9M
$-11.0M
Operating Margin
HOV
HOV
KIM
KIM
Q4 25
-0.5%
36.4%
Q3 25
3.0%
34.9%
Q2 25
3.9%
39.2%
Q1 25
5.9%
33.6%
Q4 24
12.0%
31.7%
Q3 24
13.5%
33.7%
Q2 24
9.8%
32.1%
Q1 24
5.5%
25.9%
Net Margin
HOV
HOV
KIM
KIM
Q4 25
-0.1%
27.9%
Q3 25
2.1%
25.7%
Q2 25
2.9%
31.0%
Q1 25
4.2%
24.8%
Q4 24
9.6%
31.6%
Q3 24
10.1%
26.8%
Q2 24
7.2%
23.9%
Q1 24
4.0%
-2.2%
EPS (diluted)
HOV
HOV
KIM
KIM
Q4 25
$-0.57
Q3 25
$1.99
Q2 25
$2.43
Q1 25
$3.58
Q4 24
$12.47
Q3 24
$9.75
Q2 24
$6.66
Q1 24
$2.91

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HOV
HOV
KIM
KIM
Cash + ST InvestmentsLiquidity on hand
$211.6M
Total DebtLower is stronger
$900.7M
$7.7B
Stockholders' EquityBook value
$830.9M
$10.4B
Total Assets
$2.6B
$19.7B
Debt / EquityLower = less leverage
1.08×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HOV
HOV
KIM
KIM
Q4 25
$211.6M
Q3 25
$159.3M
Q2 25
$226.6M
Q1 25
$131.3M
Q4 24
$688.6M
Q3 24
$789.0M
Q2 24
$126.4M
Q1 24
$133.4M
Total Debt
HOV
HOV
KIM
KIM
Q4 25
$900.7M
$7.7B
Q3 25
$861.9M
Q2 25
$864.3M
Q1 25
$893.7M
Q4 24
$896.2M
$8.0B
Q3 24
$898.7M
Q2 24
$933.0M
Q1 24
$934.6M
Stockholders' Equity
HOV
HOV
KIM
KIM
Q4 25
$830.9M
$10.4B
Q3 25
$835.4M
$10.5B
Q2 25
$820.4M
$10.5B
Q1 25
$811.4M
$10.6B
Q4 24
$800.3M
$10.7B
Q3 24
$703.4M
$10.5B
Q2 24
$647.0M
$10.6B
Q1 24
$607.1M
$10.6B
Total Assets
HOV
HOV
KIM
KIM
Q4 25
$2.6B
$19.7B
Q3 25
$2.6B
$19.9B
Q2 25
$2.6B
$19.8B
Q1 25
$2.5B
$19.7B
Q4 24
$2.6B
$20.3B
Q3 24
$2.5B
$20.1B
Q2 24
$2.3B
$19.5B
Q1 24
$2.3B
$19.5B
Debt / Equity
HOV
HOV
KIM
KIM
Q4 25
1.08×
0.74×
Q3 25
1.03×
Q2 25
1.05×
Q1 25
1.10×
Q4 24
1.12×
0.75×
Q3 24
1.28×
Q2 24
1.44×
Q1 24
1.54×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HOV
HOV
KIM
KIM
Operating Cash FlowLast quarter
$169.1M
$258.4M
Free Cash FlowOCF − Capex
$164.0M
FCF MarginFCF / Revenue
20.0%
Capex IntensityCapex / Revenue
0.6%
0.0%
Cash ConversionOCF / Net Profit
1.71×
TTM Free Cash FlowTrailing 4 quarters
$166.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HOV
HOV
KIM
KIM
Q4 25
$169.1M
$258.4M
Q3 25
$52.8M
$332.4M
Q2 25
$22.3M
$305.4M
Q1 25
$-55.9M
$223.8M
Q4 24
$115.8M
$239.5M
Q3 24
$-92.3M
$295.9M
Q2 24
$89.1M
$294.1M
Q1 24
$-89.0M
$176.1M
Free Cash Flow
HOV
HOV
KIM
KIM
Q4 25
$164.0M
Q3 25
$45.8M
Q2 25
$16.0M
Q1 25
$-59.6M
$205.4M
Q4 24
$111.4M
Q3 24
$-95.8M
Q2 24
$84.7M
Q1 24
$-94.4M
FCF Margin
HOV
HOV
KIM
KIM
Q4 25
20.0%
Q3 25
5.7%
Q2 25
2.3%
Q1 25
-8.8%
38.3%
Q4 24
11.4%
Q3 24
-13.3%
Q2 24
12.0%
Q1 24
-15.9%
Capex Intensity
HOV
HOV
KIM
KIM
Q4 25
0.6%
0.0%
Q3 25
0.9%
0.0%
Q2 25
0.9%
0.0%
Q1 25
0.5%
3.4%
Q4 24
0.5%
Q3 24
0.5%
Q2 24
0.6%
Q1 24
0.9%
Cash Conversion
HOV
HOV
KIM
KIM
Q4 25
1.71×
Q3 25
3.18×
2.41×
Q2 25
1.13×
1.87×
Q1 25
-1.98×
1.69×
Q4 24
1.23×
1.44×
Q3 24
-1.27×
2.18×
Q2 24
1.75×
2.46×
Q1 24
-3.72×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HOV
HOV

Home Building$789.8M97%
Financial Services$28.1M3%
Management Fees$7.1M1%

KIM
KIM

Segment breakdown not available.

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