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D.R. Horton Business Segments

Business, geographic, and product segment breakdowns

D.R. Horton generates $33.3B in annual revenue across 2 key segments: Forestar Group ($700.0K), and Home Building ($10.4M). Based on the Q1 2026 filing.

Forestar Group$700.0KHome Building$10.4M
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$39.5B
P/E Ratio12.46
ROE13.23%

Products & Services

Home sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps$7.1B$7.2B——$6.5B$7.0B
Financial Services$182.3M$212.9M$227.8M$218.2M$184.6M$192.8M
Land$66.9M$103.6M$56.2M$110.1M$80.1M$108.0M

Business Segments

Assets Sold under Agreements to Repurchase, Interest Rate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services6.0%6.0%6.0%5.8%5.4%5.4%

Deposit Liabilities, Collateral Issued, Financial Instruments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services$1.7B$2.4B$2.2B$2.2B$1.9B$2.3B

Interest Costs Incurred

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group$8.3M$10.6M$13.4M$13.2M$12.5M$12.4M
Financial Services$8.1M$7.4M$10.3M$8.1M$4.8M$4.2M

Line of Credit Facility, Current Borrowing Capacity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps————$2.3B$3.3B
Financial Services$1.6B$1.6B$1.4B$1.4B$1.4B$1.4B
Forestar Group$410.0M——$640.0M$665.0M$715.0M

Line of Credit Facility, Maximum Borrowing Capacity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps————$3.0B$4.0B
Financial Services$2.0B$2.0B$2.0B$2.0B$2.0B$2.0B
Forestar Group———$1.0B$1.0B$1.0B

Participating Mortgage Loans, Mortgage Obligations, Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services$1.6B$2.3B$2.2B$2.2B$1.8B$2.3B

At-the-market Equity Offering Program, Common Stock Available for Issuance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group$300.0M$300.0M$300.0M$300.0M$300.0M$300.0M

Authorized Repurchase Of Debt Securities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps————$500.0M$500.0M
Forestar Group———$30.0M$30.0M$30.0M

Borrowings outstanding on revolving credit facility

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps———$0.0$0.0$250.0M
Forestar Group———$0.0$0.0$0.0

Common Stock Available for Issuance, Value Remaining

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group$750.0M$750.0M$750.0M$750.0M$750.0M$750.0M

Debt Instrument, Interest Rate, Stated Percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group———6.5%6.5%6.5%
HomeBuildingOps————5.5%5.5%

Debt Instrument, Repurchase, Accrued and Unpaid Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group—$4.2M————

Debt Instrument, Total Repurchase Price

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group—$333.4M————

Debt Redemption, Amount of Unpaid Interest Paid

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group———$1.0M——

Debt Redemption, Principal Amount Redeemed

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group———$70.6M——

Debt Redemption, Total Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group———$71.6M——

Debt Repurchase Authorization Remaining

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps————$500.0M$500.0M
Forestar Group———$30.0M$30.0M$30.0M

Deferred Tax Assets, Operating Loss Carryforwards

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group———$700.0K——
Home Building———$10.4M——

Equity Securities Registered, Value

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group$750.0M$750.0M$750.0M$750.0M$750.0M$750.0M

Increase (Decrease) in Earnest Money Deposits Outstanding

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group$10.0M$4.6M$4.2M$1.8M$1.7M$1.8M

Increase (Decrease) in Prepaid Expenses, Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group$4.2M$4.0M$9.5M$8.8M$7.8M$12.2M

Letter of Credit, Maximum Borrowing Capacity (in dollars)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group———$100.0M$100.0M$100.0M

Letters of credit, sublimit borrowing capacity, as a percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps————100.0%100.0%
Forestar Group———50.0%50.0%50.0%

Line of Credit Facility, Increase (Decrease), Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Forestar Group———$25.0M$25.0M$50.0M

Line of Credit Facility, Remaining Borrowing Capacity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps————$2.1B$2.8B
Forestar Group———$588.9M$607.6M$672.1M

Number of housing construction markets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps———126.00126.00126.00
Forestar Group62.0065.0064.0064.0064.0064.00

Number of housing construction states

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps———3600.0%3600.0%3600.0%
Forestar Group2400.0%2400.0%2300.0%2300.0%2300.0%2400.0%

Homebuilding Percentage Of Consolidated Revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Building23.0%23.0%23.0%23.0%——

Net operating loss carryforwards, subject to expiration

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Building———$5.5M——

Number of Operating Segments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Home Building———92.00——

Line of Credit Facility, Interest Rate at Period End

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps—————4.5%

Number of homebuilding reporting segments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HomeBuildingOps———6.006.006.00