D.R. Horton, Inc.
148.29-5.46 (-3.55%)
Oct 29, 4:00:02 PM EDT · NYSE · DHI · USD
Report date
Jan 20, 2026 (in 82 days)EPS
2.54 (2.33 ~ 2.88)Revenue
7.81B (6.78B ~ 8.67B)Key Stats
Market Cap
43.67BP/E (TTM)
12.82Basic EPS (TTM)
11.57Dividend Yield
0.01%Recent Filings
8-K
D.R. Horton FY25 earnings dip
D.R. Horton reported fiscal 2025 net income of $3.6 billion on $34.3 billion in revenues, down 25% and 7% from prior year amid affordability headwinds, yet boosted its quarterly dividend 13% to $0.45 per share. Home closings fell 5% to 84,863 units, but net sales orders rose 5% in Q4 to 20,078 homes. Strong cash flow of $3.4 billion funded $4.3 billion in repurchases. Elevated incentives loom in 2026.
10-Q
Q3 FY2025 results
D.R. Horton posted Q3 FY2025 revenues of $9.2B, down 7% y/y, as home sales dipped 7% to $8.6B amid affordability headwinds, yet net sales orders held steady at 23,071 homes. Home sales gross margin slipped to 21.8% from 24.0%, reflecting higher incentives and costs, while operating income fell 25% to $1.4B and diluted EPS dropped 18% to $3.36 on 304.9M shares. YTD through June 30, 2025, revenues declined 8% to $24.6B, with net income down 23% to $2.7B and EPS at $8.53 versus $10.43 last year; free cash flow stood at $855.5M (derived), buoyed by $949.1M operating cash flow minus $93.6M capex. Cash reserves hit $2.6B, total debt rose to $7.2B including new issuances, but revolver availability remained robust at $2.1B with no covenant breaches. Forestar lots sold up 11% q/q, supporting supply. Regulatory changes loom with the One Big Beautiful Bill Act ending energy tax credits post-June 2026.
8-K
Q3 earnings down 24%
D.R. Horton reported fiscal 2025 third-quarter net income of $1.0 billion, down 24% from last year, on revenues of $9.2 billion—a 7% drop—amid affordability pressures squeezing home sales. Closings fell 4% to 23,160 homes, yet net orders held steady at 23,071 with a 17% cancellation rate. The company returned $1.3 billion to shareholders via repurchases and dividends. Incentives will rise in Q4 if demand weakens further.
8-K
DHI Mortgage facility amended
D.R. Horton subsidiary DHI Mortgage amended its master repurchase agreement on May 8, 2025, extending the term to May 6, 2026, and boosting the maximum commitment to $1.4 billion, with potential expansion to $2.0 billion via accordion. This bolsters liquidity for mortgage loan financing without parent guarantees. New buyer Manufacturers and Traders Trust joined the syndicate. Commitments reallocated pro rata among buyers.
8-K
D.R. Horton prices $500M notes
D.R. Horton announced a $500 million public offering of 4.850% Senior Notes due 2030 on April 28, 2025, underwritten by Mizuho Securities, U.S. Bancorp Investments, and Wells Fargo Securities. The notes, guaranteed by the company's subsidiaries, are set to close on May 5, 2025, under an existing indenture with Truist Bank. This debt raise bolsters liquidity amid housing market pressures. No use of proceeds disclosed.
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