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

Other segment segments

HomeBuildingOps
$25.5M
Forestar Group
$6.3M+600%
Eliminations and Other
$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-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
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 rental — inventory and land option charges?
D.R. Horton (DHI) reported rental — inventory and land option charges of $300K in Q1 2026.
How has D.R. Horton's rental — inventory and land option charges changed year-over-year?
D.R. Horton's rental — inventory and land option charges decreased by 0.0% year-over-year, from $300K to $300K.
What is the long-term trend for D.R. Horton's rental — inventory and land option charges?
Over 4 years (2021 to 2025), D.R. Horton's rental — inventory and land option charges has grown at a 79.7% compound annual growth rate (CAGR), from $700K to $7.3M.
What does rental — inventory and land option charges mean?
Represents impairment charges or write-downs related to land assets and option contracts within the rental property segment. This metric reflects the financial impact of adjusting the carrying value of rental-related inventory to its net realizable value due to market conditions or strategic shifts.

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