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 relates to Colorado, Oregon, Utah, and Washington. The Southwest segment covers 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.

Warren Buffett's Berkshire Hathaway (BRK) is setting its sights on homebuilders.

Homebuilding Stock Pops on Berkshire's Additional Stake

Lennar

Toll Brothers

SPDR S&P Homebuilders ETF

The numbers: Builder confidence waned in August as the 30-year mortgage rate surged, dampening U.S. home-buying interest.

Builder confidence falls for the first time in 2023, despite strong U.S. home-buying demand

On Monday, August 14, Warren Buffett's Berkshire Hathaway (NYSE: BRKA, BRKB) disclosed to the SEC that it bought home builders, added up on Capital One, and slashed its stake in Activision Blizzard in the second quarter.

Warren Buffett bought these stocks in Q2, 2023

Shares of LL Flooring Holdings Inc. LL rallied 12% after the company previously known as Lumber Liquidators said it is “exploring” alternatives for itself.

D.R. Horton and Lennar stock get boost from Buffett buying and other stocks on the move

General Motors

The investments were disclosed in a regulatory filing that detailed Berkshire's US-listed stock holdings, which comprise most of its $353.4 billion equity portfolio, as of June 30.

Warren Buffett betting on big homebuilders while cutting GM stake

Berkshire Hathaway Inc. (BRK.A)(BRK.B), the multibillion-dollar conglomerate run by Warren Buffett (Trades, Portfolio), disclosed its equity portfolio for the second quarter of 2023 on Monday.

Warren Buffett's Berkshire Loads Up on 3 Homebuilders

Warren Buffett's company added new positions in D.R. Horton, NVR, Lennar in second quarter.

Berkshire Hathaway's Latest Bet: Homebuilder Stocks

Activision Blizzard

Capital One

Chevron

McKesson

Warren Buffett's Berkshire Hathaway Inc. took new stakes in home builders, bulked up on Capital One Financial Corp. and backed away from Activision Blizzard Inc. in the second quarter, according to quarterly disclosures filed on Monday.

Buffett bet on home builders and retreated from videogames during the second quarter

Celanese

Globe Life Inc

Marsh & McLennan

Vitesse Energy Inc

Warren Buffett's Berkshire Hathaway added a trio of homebuilders to its portfolio last quarter. The investor's company exited three stocks and slashed several of its positions, SEC filings show.

Warren Buffett's Berkshire Hathaway bet on 3 homebuilders - and sold and slashed a bunch of stocks last quarter

Berkshire Hathaway also added to its investment in Capital One Financial and eliminated a position in McKesson.

Berkshire Buys Stake in D.R. Horton, Cuts GM Holding in 2nd Quarter

Solid acquisition strategies, increased homebuilding lots and diverse product offerings make D.R. Horton (DHI) a solid bet now despite the ongoing housing market challenges.

Here's Why Investors Should Buy D.R. Horton (DHI) Stock Now

Amazon

Alexandria Real Estate Equities

Caterpillar

General Electric

Iron Mountain

KLA-Tencor

Live Nation

Martin Marietta Materials

Marathon Petroleum

Moderna

NVIDIA

PulteGroup

Royal Caribbean Cruises

Sherwin-Williams

Molson Coors Brewing

T. Rowe Price Group

Weyerhaeuser

With another earnings season almost complete, it might be useful for investors to look further ahead. Each earnings season, we can see 70% to 80% of the S&P 500 “beating” consensus quarterly profit estimates.

Stock screen spotlights 20 companies whose 2024 earnings estimates have risen most sharply

The U.S. housing market has remained surprisingly resilient coming out of the Covid-19 pandemic. The economic recession that has been predicted for more than a year now has not arrived, keeping buyers on the hunt for new homes.

3 Homebuilder Stocks to Sell in August Before They Crash and Burn

M/I Homes

As the economy normalizes, the housing sector thrives, offering investors prolonged value growth. The article contains three homebuilder stocks that stand out in the market.

The 3 Best Homebuilder Stocks to Buy for August 2023

The residential construction industry has performed well, with the Dow Jones US Home Construction Index rising by approximately 64.52% YTD. D.R. Horton's growth and profitability have been driven by strong sales and net income growth, but the cyclical nature of the industry poses risks. Macroeconomic impacts make assessment difficult, short-term impact uncertain.

D.R. Horton: Will The Extraordinary Performance Be Sustainable?

Beazer Homes USA

KB Home

M.D.C. Holdings

Demand for single-family homes is driving spending on construction projects, which is likely to help stocks like Lennar Corporation (LEN), D.R. Horton (DHI), Beazer Homes USA (BZH), KB Home (KBH) and M.D.C.

5 Solid Stocks to Buy on Steady Rise in Construction Spending

BJ's Restaurants

Coty

DexCom

Livent Corp

These top-ranked stocks are likely to beat on the bottom line in their upcoming releases. Tap Coty (COTY), BJ's Restaurants (BJRI), DexCom (DXCM), Livent (LTHM) and D.R.

5 Top Stocks Likely to Beat Earnings Estimates

Opendoor

Zillow

On July 26, the Federal Reserve is likely to raise interest rates by 25 basis points (0.25%). As much hype as analysts put on the Federal Reserve's decision, the announcement itself tends to be a non-event.

3 Housing Stocks to Avoid as Interest Rates Rise

D.R. Horton Inc. DHI, +1.72% stock was up 1.2% in premarket trading on Monday after Raymond James upgraded the home builder to outperform from market perform, with a price target of $160 a share. Raymond James also boosted the company's 2024 profit outlook by 25%, due to “an impressive rebound in homebuilding margins and a surging revenue contribution from its $3 billion rental housing portfolio,” said analyst Buck Horne.

D.R. Horton draws upgrade to outperform at Raymond James on rental business boost

DR Horton Inc (NYSE: DHI) is in the red today even though it reported strong results for the fiscal third quarter. Pro reacts to the decline in share price The price action is all the more interesting considering the homebuilder also raised its guidance for the full year.

DR Horton had a strong Q3 but price action today has been ‘dangerous'

D.R. Horton's (DHI) fiscal third quarter reflects higher orders and improved demand despite higher mortgage rates and general economic uncertainty.

D.R. Horton (DHI) Tops Q3 Earnings & Revenues, Ups 2023 View

Although the revenue and EPS for D.R. Horton (DHI) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

D.R. Horton (DHI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates (Revised)

D.R. Horton, Inc. (NYSE:DHI ) Q3 2023 Earnings Conference Call July 19, 2023 8:30 AM ET Company Participants Jessica Hansen - Vice President of Investor Relations David Auld - President and Chief Executive Officer Paul Romanowski - Executive Vice President and Co-Chief Operating Officer Mike Murray - Executive Vice President and Co-Chief Operating Officer Bill Wheat - Executive Vice President and Chief Financial Officer Conference Call Participants Stephen Kim - Evercore ISI Joe Ahlersmeyer - Deutsche Bank John Lovallo - UBS Carl Reichardt - BTIG Mike Rehaut - JPMorgan Matthew Bouley - Barclays Eric Bosshard - Cleveland Research Company Ken Zener - Seaport Research Partners Mike Dahl - RBC Capital Alan Ratner - Zelman & Associates Truman Patterson - Wolfe Research Rafe Jadrosich - Bank of America Operator Good morning, and welcome to the Third Quarter 2023 Earnings Conference Call for D.R. Horton, America's Builder, the largest builder in the United States.

D.R. Horton, Inc. (DHI) Q3 2023 Earnings Call Transcript

As dubious as the signals within the housing market, stocks like D.R. Horton NYSE: DHI have been rallying to new highs.

News for D.R. Horton Stock (DHI)