Short answer
D. R. Horton (DHI) filed its Q4 2025 10-Q quarterly report on Jan 22, 2026 for the quarter ended Dec 31, 2025. Quarterly revenue was $6.9B (down 9.5% year over year) with net income of $595M.
Q4 2025 key financials · XBRL
- Revenue
- $6.9B
- −9.5% YoY
- Net income
- $595M
- −29.6% YoY
- EPS (diluted)
- $2.03
- −22.2% YoY
Source: XBRL data from the D. R. Horton (DHI) Q4 2025 10-Q on SEC EDGAR. USD.
D. R. Horton Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $6.9B, down 10% YoY from $7.6B; homebuilding revenue $6.5B, down 9% YoY from $7.2B
- Operating margin 11.6% vs 14.6% YoY; homebuilding pre-tax margin 10.8% vs 14.1% YoY; home sales gross margin 20.4% vs 22.7% YoY
- Best segment: Financial services pre-tax margin 31.4% vs 26.7% YoY, income $58M vs $48.6M; Worst: Rental segment pre-tax margin 0.2% vs 5.5% YoY, revenue $109.5M down 50%
- Operating cash flow $854M, up from $647M YoY; repurchased 4.4M shares for $670M; cash and equivalents $1.9B in homebuilding segment, down from $2.2B
- Management expects continued elevated sales incentives in 2026 due to affordability and mortgage rate challenges; cautious home demand; strong balance sheet and liquidity maintained for flexibility
Risk Factors
- Section 'risk_factors' was empty or not found.
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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