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D.R. Horton DHI North — Inventory and land option charges

Other geography segments

South Central
$14.1M+220%
Southeast
$4.4M-39.7%
Southwest
$3.4M-42.4%
East
$1.9M-76.3%
Northwest
$500K-80.8%

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-8.5%
P/E13.8×+2.2×
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
Homebuilding Results by Reporting SegmentThree Months Ended March 31, 2026 / NorthwestThree Months Ended March 31, 2026 / SouthwestThree Months Ended March 31, 2026 / South CentralThree Months Ended March 31, 2026 / SoutheastThree Months Ended March 31, 2026 / EastThree Months Ended March 31, 2026 / NorthThree Months Ended March 31, 2026 / Total
Cost of sales
Home sales432.0822.91,195.91,245.01,114.4818.55,628.7
Land/lot sales and other(0.2)8.45.00.113.3
Inventory and land option charges0.53.414.14.41.91.225.5
432.3834.71,210.01,254.41,116.3819.85,667.5
Selling, general and administrative expense53.788.1137.4141.4132.895.5648.9
Other (income) expense(0.9)(1.8)(2.0)(2.7)(2.0)(1.7)(11.1)
Income before income taxes$54.6$114.2$166.3$165.4$134.8$122.6$757.9

Item 1. Financial Statements (unaudited)

FAQ

What is D.R. Horton's north — inventory and land option charges?
D.R. Horton (DHI) reported north — inventory and land option charges of $1.2M in Q1 2026.
How has D.R. Horton's north — inventory and land option charges changed year-over-year?
D.R. Horton's north — inventory and land option charges decreased by 0.0% year-over-year, from $1.2M to $1.2M.
What is the long-term trend for D.R. Horton's north — inventory and land option charges?
Over 3 years (2021 to 2024), D.R. Horton's north — inventory and land option charges has grown at a 43.8% compound annual growth rate (CAGR), from $3.4M to $10.1M.
What does north — inventory and land option charges mean?
Reflects impairment losses or write-downs associated with land holdings and option contracts within the North segment. High values indicate potential overvaluation of assets or a strategic decision to abandon land positions due to shifting market conditions.

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