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D.R. Horton DHI Eliminations and Other — Inventory and land option charges

Other segment segments

HomeBuildingOps
$25.5M
Forestar Group
$6.3M+600%
Rental
$300K0.0%
Financial Services
$0

Other financials

Income statement

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Revenue$9.2B0.0%
Gross profit$2.1B-2.9%
Net income$904.9M-11.7%
EPS (diluted)$3.20-4.8%

Balance sheet

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Cash & equivalents$2.1B-19.9%
Total debt$70.0M+36.5%
Total equity$23.8B-1.0%
Total assets$36.5B+0.3%

Cash flow

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Operating cash flow$854.0M+32.1%
CapEx-$171.2M-472%
Free cash flow$826.6M+30.5%

Valuation

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Market cap$42.26B-11.2%
P/E13.8×+1.8×
P/S1.3×-0.1×

Profitability

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Gross margin22.6%-2.2pp
Net margin9.2%-2.3pp
FCF margin7.8%-1.0pp

Returns & leverage

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Return on equity12.8%-3.5pp
Debt / equity0.0×

Where this comes from

Reported directly by D.R. Horton in its filing.

Tagged under the XBRL concept us-gaap:ProductionRelatedImpairmentsOrCharges.

The source filing: D.R. Horton’s 10-Q, filed April 23, 2026.

Filed
Apr 23, 2026, 2:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0000882184-26-000081
Line itemHomebuildingRentalForestarFinancial ServicesEliminations and Other (1)Consolidated
Home sales (2)5,628.7(63.5)5,565.2
Land/lot sales and other13.3287.8(226.1)75.0
Rental property sales182.9(0.4)182.5
Inventory and land option charges25.50.36.332.1
5,667.5183.2294.1(290.0)5,854.8
Selling, general and administrative expense648.952.037.9159.84.7903.3
Other (income) expense (3)(11.1)(35.7)(1.6)(18.7)(0.3)(67.4)
Income before income taxes$757.9$12.3$43.9$51.7$1.6$867.4

Item 1. Financial Statements (unaudited)

FAQ

What is D.R. Horton's eliminations and other — inventory and land option charges?
D.R. Horton (DHI) reported eliminations and other — inventory and land option charges of $0 in Q1 2026.
How has D.R. Horton's eliminations and other — inventory and land option charges changed year-over-year?
D.R. Horton's eliminations and other — inventory and land option charges increased by 100.0% year-over-year, from -$600K to $0.
What does eliminations and other — inventory and land option charges mean?
Represents non-cash write-downs or impairments related to inventory and land option contracts within the corporate or eliminations segment. These charges reflect adjustments to the carrying value of assets due to changes in market conditions or strategic project cancellations. Monitoring this helps identify potential asset quality issues or shifts in land acquisition strategy.

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