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Sep 30, 2025
D.R. Horton Q4 2025 Earnings Report
D.R. Horton reported a drop in earnings and revenue in Q4 2025 compared to the prior year but maintained strong profitability.
Key Takeaways
Despite lower revenue and earnings year-over-year, D.R. Horton remained profitable in Q4 2025, ending the quarter with a $905.3 million net income and announcing a dividend increase.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
D.R. Horton expects steady performance in fiscal 2026, with modest growth in home closings and cash generation, but acknowledges elevated sales incentives will continue due to affordability concerns.
Positive Outlook
- Home closings projected between 86,000 and 88,000 homes
- Consolidated revenue guidance between $33.5B and $35.0B
- Operating cash flow expected to exceed $3.0B
- Quarterly dividend raised to $0.45/share
- Share repurchases expected to reach $2.5B
Challenges Ahead
- Sales incentives expected to remain elevated
- Affordability constraints continue to impact demand
- Consumer sentiment remains cautious
- No senior note maturities in FY26 may limit refinancing flexibility
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
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