What is D.R. Horton's pre-tax income?

D.R. Horton (DHI) reported pre-tax income of $867.4M in Q1 2026.

How has D.R. Horton's pre-tax income changed year-over-year?

D.R. Horton's pre-tax income decreased by 18.7% year-over-year, from $1.07B to $867.4M.

What is the long-term trend for D.R. Horton's pre-tax income?

Over 4 years (2021 to 2025), D.R. Horton's pre-tax income has grown at a -3.0% compound annual growth rate (CAGR), from $5.36B to $4.74B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

D.R. Horton DHI Pre-Tax Income

Pre-Tax Income at other companies

AmrepAXR

$3.4M+304%

St. Joe CompanyJOE

$17.8M-20.8%

Meritage HomesMTH

$72.52M-54.7%

STR

Stratus PropertiesSTRS

$15.63M+519%

Beazer Homes USA, Inc.BZH

-$18.54M-231%

Green Brick PartnersGRBK

$84.26M-20.6%

Segments

By geography

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South Central$166.3M-20.2%

East$134.8M-21.5%

North$122.6M-3.1%

Southwest$114.2M-7.4%

Northwest$54.6M-41.7%

By segment

See full

HomeBuildingOps$757.9M—

Financial Services$51.7M-29.2%

Forestar Group$43.9M+7.9%

Eliminations and Other$1.6M—

Other financials

Income statement

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Revenue$7.6B-2.3%

Gross profit$1.7B-10.4%

Net income$647.9M-20.1%

EPS (diluted)$2.24-13.2%

Balance sheet

See full

Cash & equivalents$2.0B-21.6%

Total debt$70.0M+36.5%

Total equity$23.6B-2.9%

Total assets$35.6B-0.3%

Cash flow

See full

Operating cash flow$854.0M+32.1%

CapEx$37.2M+8.5%

Free cash flow$826.6M+30.5%

Valuation

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Market cap$46.19B+15.1%

Enterprise value$44.29B+18.2%

P/E14.6×+4.4×

P/S1.4×+0.2×

Profitability

See full

Gross margin22.8%-2.7pp

Net margin9.5%-2.6pp

FCF margin7.8%-1.0pp

Returns & leverage

See full

Return on equity13.2%-4.6pp

Debt / equity0×0.0×

Where this comes from

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

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: D.R. Horton’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is D.R. Horton's pre-tax income?: D.R. Horton (DHI) reported pre-tax income of $867.4M in Q1 2026.
How has D.R. Horton's pre-tax income changed year-over-year?: D.R. Horton's pre-tax income decreased by 18.7% year-over-year, from $1.07B to $867.4M.
What is the long-term trend for D.R. Horton's pre-tax income?: Over 4 years (2021 to 2025), D.R. Horton's pre-tax income has grown at a -3.0% compound annual growth rate (CAGR), from $5.36B to $4.74B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.