Loading...
•
Jun 30, 2025
D.R. Horton Q3 2025 Earnings Report
D.R. Horton Q3 2025 Earnings Report showed lower earnings and revenue compared to last year but exceeded home closings guidance.
Key Takeaways
D.R. Horton reported Q3 2025 results with revenue of $9.2 billion and net income of $1.0 billion. EPS came in at $3.36, down from last year due to affordability constraints and higher sales incentives. Home closings exceeded guidance, but profitability was pressured.
Revenue declined 7% YoY to $9.2 billion
Net income dropped 24% YoY to $1.0 billion
Homes closed totaled 23,160, slightly down 4% YoY
Share buybacks and dividends returned $1.3 billion to shareholders
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company reaffirmed FY2025 guidance but expects elevated sales incentives in Q4 due to affordability constraints.
Positive Outlook
- Maintaining FY2025 revenue guidance of $33.7B to $34.2B
- Expecting 85,000 to 85,500 homes closed in FY2025
- Share repurchases planned at $4.2B to $4.4B
- Cash flow from operations expected to exceed $3B
- Maintaining $500M in dividend payments for FY2025
Challenges Ahead
- Profitability pressured by affordability constraints
- Sales incentives expected to remain elevated
- Consumer sentiment remains cautious
- Order backlog decreased 16% YoY
- Net sales order value declined 3% YoY
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...