Builds and sells single and multi-family homes across the US under brands like Taylor Morrison and Darling Homes, plus mixed-use developments and ancillary services like title insurance.
Revenue USD 8.12B (2025); gross margin 23.03%, net margin 9.63%. Money comes from home sales (construction and land development); recurring ancillary services (title, settlement) provide smaller, higher-margin streams.
Land holdings and entrenched relationships with local permitting/zoning officials create friction for new entrants, but moat is eroding: rising interest rates and housing affordability pressures are squeezing margins (gross margin fell from 24.65% in 2024 to 2
Key events, in time order
Stockholders approved merger agreement at special meeting, key step forward
Berkshire and TMHC jointly announced definitive $8.5B acquisition agreement
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