DR Horton : Q2 FY 2026 Historical Supplementary Data

Published: 2026-04-21 06:36:09 ET DHI

Published on 04/21/2026 at 06:36 am EDT

Quarter Ended:

03/31/24

06/30/24

09/30/24

12/31/24

03/31/25

06/30/25

09/30/25

12/31/25

03/31/26

Homebuilding Pre-Tax Income (PTI)

$ 1,357.6

$ 1,572.2

$ 1,429.2

$ 1,012.9

$ 935.0

$ 1,186.3

$ 1,000.7

$ 708.1

$ 757.9

Homebuilding Inventory

19,929.8

20,504.2

20,031.0

20,651.4

20,911.7

21,098.2

20,316.5

20,239.4

20,969.3

Homebuilding ROI(1)

03/31/25

12/31/25

03/31/26

Homebuilding PTI - TTM(2)

$ 4,949.3

$ 3,830.1

$ 3,653.0

Average Homebuilding Inventory(3)

20,405.6

20,643.4

20,707.0

Homebuilding Return on Inventory (ROI)

24.3%

18.6%

17.6%

Homebuilding ROI is calculated as Homebuilding PTI for the trailing twelve months (TTM) divided by Average Homebuilding Inventory.

Amounts may include rounding adjustments.

Average Homebuilding Inventory is calculated as the sum of the ending homebuilding inventory balances of the trailing five quarters divided by five.

Quarter Ended:

03/31/24

06/30/24

09/30/24

12/31/24

03/31/25

06/30/25

09/30/25

12/31/25

03/31/26

Net Income Attributable to D.R. Horton

$ 1,172.1

$ 1,353.6

$ 1,283.4

$ 844.9

$ 810.4

$ 1,024.6

$ 905.3

$ 594.8

$ 647.9

Stockholders' Equity

23,815.5

24,656.5

25,312.8

24,943.9

24,327.1

24,052.9

24,190.4

23,995.5

23,625.8

Return on Equity(1)

03/31/25

12/31/25

03/31/26

Net Income Attributable to D.R. Horton - TTM(2)

$ 4,292.3

$ 3,335.1

$ 3,172.6

Average Stockholders' Equity(3)

24,611.2

24,302.0

24,038.3

Return on Equity (ROE)

17.4%

13.7%

13.2%

ROE is calculated as Net Income Attributable to D.R. Horton for the trailing twelve months (TTM) divided by Average Stockholders' Equity.

Amounts may include rounding adjustments.

Average Stockholders' Equity is calculated as the sum of the ending stockholders' equity balances of the trailing five quarters divided by five.

Quarter Ended:

03/31/24

06/30/24

09/30/24

12/31/24

03/31/25

06/30/25

09/30/25

12/31/25

03/31/26

Net Income Attributable to D.R. Horton

$ 1,172.1

$ 1,353.6

$ 1,283.4

$ 844.9

$ 810.4

$ 1,024.6

$ 905.3

$ 594.8

$ 647.9

Consolidated Assets

34,398.2

35,151.4

36,104.3

35,029.7

35,690.0

36,395.9

35,471.2

34,639.6

35,566.9

Return on Assets(1)

03/31/25

12/31/25

03/31/26

Net Income Attributable to D.R. Horton - TTM(2)

$ 4,292.3

$ 3,335.1

$ 3,172.6

Average Consolidated Assets(3)

35,274.7

35,445.3

35,552.7

Return on Assets (ROA)

12.2%

9.4%

8.9%

ROA is calculated as Net Income Attributable to D.R. Horton for the trailing twelve months (TTM) divided by Average Consolidated Assets.

Amounts may include rounding adjustments.

Average Consolidated Assets is calculated as the sum of the ending consolidated asset balances of the trailing five quarters divided by five.

Quarter Ended:

Fiscal Year Ended:

03/31/24

06/30/24

09/30/24

12/31/24

03/31/25

06/30/25

09/30/25

12/31/25

03/31/26

09/30/24

09/30/25

Home Sales Revenues

$ 8,466.7

$ 9,231.2

$ 8,929.4

$ 7,146.0

$ 7,180.9

$ 8,561.0

$ 8,544.0

$ 6,512.7

$ 7,045.5

$ 33,903.6

$ 31,432.0

Homes Sales Gross Profit before interest and other costs

2,304.3

2,581.5

2,454.6

1,890.4

1,831.6

2,195.0

2,109.3

1,551.5

1,672.3

9,300.5

8,026.3

External Broker Commissions(1)

(257.5)

(264.7)

(255.8)

(195.7)

(193.5)

(235.6)

(249.2)

(187.7)

(208.1)

(994.8)

(873.9)

Interest & Property Tax Costs

(45.7)

(48.1)

(48.5)

(39.0)

(39.5)

(47.4)

(52.1)

(41.3)

(46.2)

(180.7)

(178.1)

Warranty & Litigation Costs

(27.9)

(43.4)

(36.7)

(27.6)

(28.9)

(40.3)

(97.4)

12.0

1.4

(141.0)

(194.2)

Purchase Accounting Costs

(12.1)

(11.4)

(5.4)

(4.1)

(3.5)

(2.4)

(3.1)

(3.7)

(2.6)

(32.5)

(13.0)

Gross Profit - Home Sales

$ 1,961.1

$ 2,213.9

$ 2,108.2

$ 1,624.0

$ 1,566.2

$ 1,869.3

$ 1,707.5

$ 1,330.8

$ 1,416.8

$ 7,951.5

$ 6,767.1

% of Homes Sales Revenue (HSR)

% of HSR

Quarter Ended:

Fiscal Year Ended:

03/31/24

06/30/24

09/30/24

12/31/24

03/31/25

06/30/25

09/30/25

12/31/25

03/31/26

09/30/24

09/30/25

Homes Sales Gross Margin before interest and other costs

27.2%

28.0%

27.5%

26.4%

25.5%

25.7%

24.7%

23.8%

23.8%

27.4%

25.6%

External Broker Commissions(1)

-3.0%

-2.9%

-2.9%

-2.7%

-2.7%

-2.8%

-2.9%

-2.9%

-3.0%

-2.9%

-2.8%

Interest & Property Tax Costs

-0.5%

-0.5%

-0.5%

-0.5%

-0.6%

-0.6%

-0.6%

-0.6%

-0.7%

-0.5%

-0.6%

Warranty & Litigation Costs

-0.3%

-0.4%

-0.4%

-0.4%

-0.4%

-0.5%

-1.1%

0.2%

0.0%

-0.4%

-0.6%

Purchase Accounting Costs

-0.2%

-0.2%

-0.1%

-0.1%

0.0%

0.0%

-0.1%

-0.1%

0.0%

-0.1%

-0.1%

Home Sales Gross Margin(2)(3)

23.2%

24.0%

23.6%

22.7%

21.8%

21.8%

20.0%

20.4%

20.1%

23.5%

21.5%

External broker commissions are now presented separately. These costs were previously included in home sales gross margin before interest and other costs. All prior periods have been revised.

Home sales gross margin presented is for the Company's homebuilding segment.

Amounts may include rounding adjustments.

CHANGE IN NET SALES ORDERS COMPARED TO CHANGE IN AVERAGE ACTIVE SELLING COMMUNITIES (ASCs)(1)

Quarter Ended 6/30/2025

Quarter Ended 9/30/2025

Quarter Ended 12/31/2025

Quarter Ended 3/31/2026

YOY Change

SEQ Change

YOY Change

SEQ Change

YOY Change

SEQ Change

YOY Change

SEQ Change

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Northwest

-11%

7%

-7%

4%

9%

1%

-5%

-10%

-9%

-6%

-25%

-5%

-11%

-10%

34%

1%

Southwest

-4%

3%

1%

3%

7%

4%

-1%

2%

-7%

4%

-15%

1%

12%

6%

31%

0%

South Central

4%

16%

3%

4%

11%

13%

-13%

-1%

8%

13%

-8%

2%

14%

12%

38%

7%

Southeast

-10%

5%

6%

3%

-9%

7%

-16%

0%

-4%

9%

-8%

1%

11%

8%

35%

4%

East

8%

18%

3%

6%

13%

21%

-17%

3%

8%

20%

-5%

4%

8%

18%

33%

4%

North

14%

17%

4%

5%

13%

18%

-16%

4%

12%

16%

-4%

2%

22%

13%

47%

1%

TOTAL(2)

0%

12%

3%

4%

5%

13%

-13%

1%

3%

12%

-9%

2%

11%

11%

37%

4%

Quarter Ended 6/30/2024

Quarter Ended 9/30/2024

Quarter Ended 12/31/2024

Quarter Ended 3/31/2025

YOY Change

SEQ Change

YOY Change

SEQ Change

YOY Change

SEQ Change

YOY Change

SEQ Change

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Net Sales Orders

Average ASCs

Northwest

21%

7%

-10%

-2%

1%

-5%

-22%

-4%

-14%

-4%

-10%

2%

-14%

2%

36%

6%

Southwest

-12%

10%

-19%

3%

-8%

12%

-11%

1%

1%

12%

-2%

0%

-23%

3%

9%

-1%

South Central

-3%

6%

-16%

3%

0%

7%

-18%

1%

-6%

11%

-5%

3%

-15%

16%

31%

7%

Southeast

1%

11%

-13%

3%

1%

8%

-16%

-2%

-8%

6%

-13%

0%

-26%

4%

17%

4%

East

0%

12%

-9%

2%

-2%

9%

-21%

1%

9%

10%

0%

4%

-4%

14%

33%

7%

North

15%

24%

-9%

5%

16%

22%

-15%

3%

16%

19%

-3%

3%

0%

17%

34%

4%

TOTAL(2)

1%

12%

-13%

3%

1%

10%

-17%

0%

-1%

10%

-6%

2%

-15%

10%

26%

5%

YOY = year-over-year; SEQ = sequential

Amounts may include rounding adjustments.

Selling Price in thousands; Home Sales Revenues in millions

Homes Closed and Home Sales Revenues

Selling Price

Quarter Ended:

June 30, 2025

September 30, 2025

December 31, 2025

March 31, 2026

Homes Closed

Home Sales

Revenues

Homes Closed

Home Sales

Revenues

Homes Closed

Home Sales

Revenues

Homes Closed

Home Sales

Revenues

$0-$300K

6,853

29%

$ 1,802.1

21%

7,524

32%

$ 1,951.7

23%

5,858

33%

$ 1,523.7

23%

6,625

34%

$ 1,716.6

24%

$301-$350K

5,713

25%

1,853.1

22%

5,496

24%

1,783.1

21%

4,124

23%

1,337.9

21%

4,509

23%

1,462.8

21%

$351K-$400K

4,210

18%

1,573.0

18%

4,056

17%

1,517.3

18%

3,038

17%

1,137.6

18%

3,214

17%

1,203.7

17%

$401K-$500K

3,918

17%

1,731.0

20%

3,688

16%

1,624.2

19%

2,840

16%

1,249.7

19%

3,140

16%

1,384.3

20%

> $500K

2,466

11%

1,601.8

19%

2,604

11%

1,667.7

19%

1,958

11%

1,263.8

19%

1,998

10%

1,278.1

18%

Grand Total(1)

23,160

100%

$ 8,561.0

100%

23,368

100%

$ 8,544.0

100%

17,818

100%

$ 6,512.7

100%

19,486

100%

$ 7,045.5

100%

Selling Price

Quarter Ended:

June 30, 2024

September 30, 2024

December 31, 2024

March 31, 2025

Homes Closed

Home Sales

Revenues

Homes Closed

Home Sales

Revenues

Homes Closed

Home Sales

Revenues

Homes Closed

Home Sales

Revenues

$0-$300K

5,596

23%

$ 1,490.0

16%

6,041

25%

$ 1,598.5

18%

5,374

28%

$ 1,416.8

20%

5,546

29%

$ 1,455.3

20%

$301-$350K

5,651

23%

1,837.5

20%

5,657

24%

1,840.4

20%

4,409

23%

1,431.4

20%

4,601

24%

1,495.1

21%

$351K-$400K

4,944

21%

1,849.0

20%

4,732

20%

1,771.3

20%

3,588

19%

1,343.8

19%

3,645

19%

1,361.3

19%

$401K-$500K

5,002

21%

2,204.9

24%

4,409

19%

1,949.0

22%

3,422

18%

1,511.0

21%

3,298

17%

1,452.4

20%

> $500K

2,962

12%

1,849.8

20%

2,808

12%

1,770.2

20%

2,266

12%

1,443.0

20%

2,186

11%

1,416.8

20%

Grand Total(1)

24,155

100%

$ 9,231.2

100%

23,647

100%

$ 8,929.4

100%

19,059

100%

$ 7,146.0

100%

19,276

100%

$ 7,180.9

100%

(1) Amounts may include rounding adjustments.

Loan Type / Product Mix (%)

Period

Capture

Rate(1)

FTHB %(2)

Avg CLTV

%(3)

Avg FICO

Score

Conventional

FHA

VA

FHA/VA

Combined

USDA/ RHS

Total

Q2 26

81%

65%

91%

721

33%

47%

18%

65%

2%

100%

Q1 26

79%

64%

90%

721

34%

48%

17%

65%

1%

100%

FY 25

81%

63%

90%

722

34%

46%

18%

64%

2%

100%

Q4 25

82%

63%

90%

722

34%

46%

18%

64%

2%

100%

Q3 25

81%

64%

90%

720

31%

49%

18%

67%

2%

100%

Q2 25

81%

63%

89%

723

36%

44%

18%

62%

2%

100%

Q1 25

79%

60%

89%

724

36%

45%

17%

62%

2%

100%

FY 24

78%

58%

88%

724

41%

42%

16%

58%

1%

100%

Q4 24

77%

59%

88%

724

39%

43%

17%

60%

1%

100%

Q3 24

78%

58%

88%

725

43%

40%

16%

56%

1%

100%

Q2 24

80%

59%

89%

725

40%

43%

16%

59%

1%

100%

Q1 24

78%

56%

88%

724

42%

40%

17%

57%

1%

100%

Capture rate is the percentage of total home closings by D.R. Horton's homebuilding operations for which DHI Mortgage handled the homebuyers' financing.

FTHB = first-time homebuyer | some percentages are restated from prior periods

CLTV = cumulative loan to value

$

Disclaimer

D.R. Horton Inc. published this content on April 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 21, 2026 at 10:35 UTC.