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D.R. Horton DHI Financial Services — Inventory and land option charges

Other segment segments

HomeBuildingOps
$25.5M
Forestar Group
$6.3M+600%
Rental
$300K0.0%
Eliminations and Other
$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 financial services — inventory and land option charges?
D.R. Horton (DHI) reported financial services — inventory and land option charges of $0 in Q1 2026.
What does financial services — inventory and land option charges mean?
Represents impairment charges or write-downs related to land options or inventory held within the financial services division. This metric highlights potential losses from asset valuation adjustments in the mortgage or title services portfolio. Monitoring this helps assess the risk profile of the segment's asset holdings.

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