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D.R. Horton DHI Q4 2025 Annual earnings

Reported October 28, 2025 · Before market open

Revenue$9.7BBeat by $264.2M
EPS$3.04Miss by $0.23
Revenue estimate$9.4B
EPS estimate$3.27

Next report

Oct 29, 2026 (in 2 months)
Revenue estimate$9.1B
EPS estimate$3.09

Financials

Q4 2025

Income statement

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Revenue$9.7B-3.2%
Gross profit$2.1B-17.9%
Net income$905.3M-29.5%
EPS (diluted)$3.04-22.3%

Balance sheet

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Cash & equivalents$3.0B-33.2%
Total debt$65.6M+23.1%
Total equity$24.2B-4.4%
Total assets$35.5B-1.8%

Cash flow

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Operating cash flow$2.5B+26.0%
CapEx$43.8M+36.9%
Free cash flow$2.4B+25.8%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$50.52B-18.7%
Enterprise value$47.56B-17.5%
P/E14.1×+1.0×
P/S1.5×-0.2×

Profitability

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Gross margin23.7%-2.2pp
Net margin10.5%-2.5pp

Returns & leverage

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Return on equity14.5%-5.3pp
Debt / equity0×0.0×

Segments

By geography

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South Central$1.9B-3.4%
East$1.8B+8.6%
Southwest$1.2B-4.5%
North$1.1B+10.8%
Northwest$793.7M+10.7%

By segment

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Forestar Group$670.5M+21.6%
Financial Services$218.2M-1.7%
Eliminations and Other-$580.8M-36.4%

By product

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Financial Services$218.2M-1.7%
Land$110.1M-24.7%

FAQ

When did D.R. Horton report Q4 2025 earnings?
D.R. Horton (DHI) reported Q4 2025 earnings on October 28, 2025 before market open.
What were D.R. Horton's Q4 2025 revenue and EPS?
D.R. Horton reported revenue of $9.7B and eps of $3.04 for Q4 2025.
Did D.R. Horton beat estimates in Q4 2025?
Revenue beat the consensus estimate of $9.4B by $264.2M. EPS missed the consensus estimate of $3.27 by $0.23.
How did D.R. Horton's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.2% from $10.0B a year earlier and eps declined 22.4% from $3.92.
Where can I find D.R. Horton's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000882184-25-000044) and the 10-K periodic report (0000882184-25-000081) directly on SEC EDGAR. The filing index links above go to sec.gov.