Revenue segments as reported by the company.

Home sales

Land/lot sales and other

Rental property sales

Financial services

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative expense

Gain on sale of assets

Loss on extinguishment of debt

Other (income) expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

D.R. Horton

D.R. Horton, Inc. operates as a home building company, which engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding, Forestar, Financial Services, Rental, and Others. The Homebuilding segment includes the acquisition and development of land and the construction and sale of residential homes. The Forestar segment invests in land acquisition and development to expand its business across the United States. The Financial Services segment is involved in mortgage financing and title agency services to homebuyers. The Rental segment focuses on of multi-family and single-family rental operations. The company was founded by Donald Ray Horton in 1978 and is headquartered in Arlington, TX.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

D.R. Horton reports solid Q1 earnings amidst market challenges

D.R. Horton's Q1 performance reflects resilience amid market challenges, with a focus on operational efficiency and financial strength.
While facing headwinds like rising mortgage rates, the company leverages its strong balance sheet and liquidity to navigate uncertainties.
Opportunities for growth lie in improved demand outlook, strategic inventory management, and flexible pricing strategies.
Challenges include market uncertainties impacting margins, requiring agile responses to pricing trends and demand fluctuations.

D.R. Horton reports milestone 1 millionth home sale and strong earnings

D.R. Horton's Q2 2023 performance reflects a robust housing market with strong financial metrics and operational efficiency. The company's strategic focus on revenue diversification, efficient production operations, and market stability positions it well for continued growth. By leveraging opportunities in land acquisitions and capitalizing on market trends, D.R. Horton aims to drive sustainable profitability and shareholder value.

D.R. Horton excels in Q3 amidst challenges, eyes rental growth

D.R. Horton's strong performance in Q3 2023 reflects operational efficiency and robust demand despite industry challenges.
Maintaining a solid balance sheet and focusing on strategic growth areas like rentals position the company for future success.
Addressing challenges like rising costs and capital access while leveraging market opportunities will be key for sustained growth.

D.R. Horton reports robust Q4 earnings amidst market challenges

D.R. Horton's Q4 2023 earnings call highlighted strong financial results, with a focus on maintaining profitability amidst market challenges. The company plans to address cost inflation, affordability concerns, and market uncertainties through strategic planning and capital allocation.

D.R. Horton excels in Q1 2024, poised for growth amid challenges

D.R. Horton's Q1 2024 performance reflects operational strength, financial stability, and market adaptability, supported by robust sales orders and solid financial metrics.
While facing challenges like construction bottlenecks and market constraints, the company's strategic focus on affordability and responsiveness to market dynamics present growth opportunities.
By leveraging strengths in inventory management, financial planning, and market understanding, D.R. Horton is well-positioned to navigate challenges, capitalize on opportunities, and drive future success.
With a clear focus on operational efficiency, customer affordability, and strategic growth initiatives, D.R. Horton demonstrates resilience and agility in a dynamic market environment.

D.R. Horton posts strong Q2 results, eyes efficiency and diversification

D.R. Horton's Q2 performance reflects robust growth in revenues, net sales orders, and profitability, supported by efficient operations and diversified revenue sources.
While facing challenges like moderate lot inflation and rising competition, the company's strengths in stable margins, customer-centric approach, and investor appeal present growth opportunities.
Strategic focus on efficiency, affordability, and market diversification positions D.R. Horton well to navigate challenges and capitalize on opportunities for sustained success.

D.R. Horton reports robust Q3 earnings amidst rising costs

D.R. Horton's Q3 performance reflects strong financial health and operational efficiency, supported by solid earnings and revenue growth.
While facing challenges such as rising costs, the company's focus on managing expenses and optimizing inventory positions it well for future profitability.
Anticipated opportunities in cash flow enhancement and strategic adjustments present avenues for sustained growth and value creation for shareholders.

D.R. Horton posts solid Q4 results, eyes growth in affordability

D.R. Horton delivered strong financials but faced challenges in sales pace and margin pressure.
The company's focus on affordability and operational improvements positions it well for future growth.
Opportunities lie in leveraging the spring selling season and maintaining shareholder value.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

D.R. Horton, Inc. engages in the construction and sale of single-family housing. It operates through the following geographical segments: Northwest, Southwest, South Central, Southeast, East, and North. The Northwest segment includes Colorado, Oregon, Utah, and Washington. The Southwest segment focuses on Arizona, California, Hawaii, Nevada, and New Mexico. The South Central segment is involved in Arkansas, Oklahoma, and Texas. The Southeast segment refers to Alabama, Florida, Louisiana, and Mississippi. The East segment operates Georgia, North Carolina, South Carolina, and Tennessee. The North segment focuses on Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Minnesota, Nebraska, New Jersey, Ohio, Pennsylvania, Virginia, and West Virginia. The company was founded by Donald Ray Horton in 1978 and is headquartered in Arlington, TX.

KB Home

M/I Homes

Meritage Homes

PulteGroup

D.R. Horton, PulteGroup, Meritage Homes, KB Home and M/I Homes have been highlighted in this Industry Outlook article.

Zacks Industry Outlook D.R. Horton, PulteGroup, Meritage Homes, KB Home and M/I Homes

D.R. Horton's (DHI) fiscal third-quarter results are likely to reflect the weakness of Forestar and Rental Property segments along with higher expenses.

Is a Beat in Store for D.R. Horton (DHI) This Earnings Season?

Lower mortgage rates would bring many home buyers back into the market and lower borrowing costs for homebuilder stocks.

These Rate-Cut Winners Break Out As Others Simmer Near Buy Points

Although higher rates and a rise in land/labor costs pose risks, the lack of existing homes for sale and better operating leverage are likely to drive the Zacks Building Products - Home Builders industry. DHI, PHM, MTH, KBH and MHO are well-positioned to gain.

5 Stocks to Watch From the Promising Homebuilding Industry

Toll Brothers

D.R. Horton, KB Home NVR, PulteGroup and Toll Brothers are included in this Analyst Blog.

The Zacks Analyst Blog D.R. Horton, KB Home NVR, PulteGroup and Toll Brothers

SolarEdge Technologies

Titan Machinery

The stock market breathed a sigh of relief last week when June's inflation numbers came out. The Consumer Price Index fell 0.1% for the month, the first time inflation fell in four years.

Interest Rate Roulette: 3 Stocks to Sell If the Fed Doesn't Cut Rates

Lennar

The June CPI was much better than expected and has the broad market set up to rally over the next six to 12 months. The rally is driven by the expectation for FOMC interest rate cuts, which will reduce the cost of money and reinvigorate the bull market, assuming no recession unfolds.

3 Stocks Ready to Pop When the Fed Cuts Interest Rates

We have narrowed our search to five homebuilders' stocks. These are: KBH, NVR, PHM, TOL, DHI.

5 Homebuilders to Watch on Interest Rate Cut Expectations

Apple

Eli Lilly

NVIDIA

Starbucks

Schlumberger

Walmart

Earnings season is a combination report card and progress report. The headline results tell investors what already happened.

The 7 Most Important Stocks to Watch as Q2 Earnings Season Kicks Off

Bank of America

Investors seeking long-term stocks to buy and hold may certainly have trouble finding companies with attractive valuations in sectors with enough growth to consider. Various AI stocks are overpriced, and some of the more beaten-down areas of the market are ones many investors are avoiding for a reason.

3 Long-Term Stocks to Buy Before Interest Rates Drop

The housing market has faced headwinds in recent times, primarily due to the impact of rising interest rates. This surge in borrowing costs has slowed down homebuying activity, leading to a decline in homebuilder stock prices.

Falling Inflation Sparks Optimism for These 3 Home Builder Stocks

Homebuilder stocks jumped Thursday on hopes that mortgage rates will start to significantly downshift this year.

Homebuilder Stocks Rise As Milder Inflation Fuels Rate Cut Hopes

Builders FirstSource

Carrier Global

iShares U.S. Home Construction ETF

Mohawk Industries

Pool

Vici Properties

Weyerhaeuser

SPDR S&P Homebuilders ETF

Home builder stocks were rallying across the board on Thursday, after government data showed U.S. consumer prices falling for the first time in more than four years, boosting hopes the Federal Reserve may soon start to lower interest rates.

Home builders, flooring companies and pool maker stocks rally as CPI data boosts rate-cut hopes

D.R. Horton (DHI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

D.R. Horton (DHI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

CrowdStrike

Goldman Sachs

Incyte

Pure Storage

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

This CrowdStrike Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

Shares of several home builders tumbled Tuesday after Citi downgraded Lennar (LEN) and D.R. Horton (DHI), citing concerns about a housing market it says may stay sluggish for the rest of the year.

Citi Downgrade of Lennar, DR Horton Drags Home Builder Shares Lower

On Tuesday, Citigroup downgraded D.R. Horton Inc. (NYSE: DHI) from Buy to Neutral, citing a softening in housing activity expected this summer.

Citi downgrades D.R. Horton's stock: Time to sell?

Homebuilding stocks Lennar Corp (NYSE:LEN) and DR Horton Inc (NYSE:DHI) are lower today, after Citigroup downgraded both names to "neutral" from "buy," while also trimming their price targets to $164 from $174 and $156 from $181, respectively, due to their  risk/reward ratios.

Downgrades Pressure Homebuilding Stocks

Cemex SAB de CV

Equity LifeStyle Properties

Federal National Mortgage Association

SoFi Technologies

Zillow

The new market cycle could be the best environment for ‘boring' stocks to take off. Recently, there has been some interest in the real estate sector, especially after Warren Buffett started buying homebuilding stocks like PulteGroup Inc. NYSE: PHM and D.R.

3 Stocks Wall Street Could Be Watching on Fannie Mae's Rally

Sales of new U.S. single-family homes slipped in May, marking the lowest level in six months, according to the U.S. Census Bureau's latest report. New home sales — a leading housing market indicator based on signed contracts, not closings — decreased 11.3% to a seasonally adjusted annual rate of 619,000 units in May from April, according to the Commerce Department's report released on Jun 26, 2024.

New Home Sales Dip in May: What Lies Ahead for Housing?

The numbers: Sales of newly built homes in the U.S. plunged in May, as the number of home buyers scaled back in the face of high mortgage rates.

New-home sales plunge to lowest level since November

The housing market in 2024 continues to be complex and volatile for homebuyers and investors. Interest rate volatility, affordability concerns, and persistent inflation present ongoing challenges for the industry.

Top 3 Home Builder Stocks: Key Insights into the Housing Market

ROME, Ga.--(BUSINESS WIRE)--D.R. Horton's Atlanta West division is excited to offer its first new communities in Rome, Georgia. Two communities are currently under development with plans for future growth in the area. “As the largest city in northwest Georgia, the Rome submarket holds a lot of potential for new home sales and makes sense as a next step for us,” said Tim Arnold, Division President of the Atlanta West Division. “We are excited for the opportunity to introduce D.R. Horton homes to.

D.R. Horton's Atlanta West Division Enters the New Home Market in Rome, GA

The latest trading day saw D.R. Horton (DHI) settling at $143.46, representing a -0.19% change from its previous close.

D.R. Horton (DHI) Stock Dips While Market Gains: Key Facts

May's cooler-than-expected consumer price index (CPI) on a year-over-year basis is pushing bond yields lower, and the prospects of an interest rate cut  in September are increasing.

News for D.R. Horton Stock (DHI)