D.R. Horton DHI Business Segments
| TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Eliminations and Other | -$1.43B-1.0% | -$1.41B-0.3% | -$1.41B-12.4% | -$1.25B-9.0% | -$1.15B+2.4% | |
| Financial Services | $823.4M-2.4% | $843.5M+0.3% | $841.2M-0.4% | $845M-1.7% | $859.5M-1.5% | |
| Forestar Group | $1.71B+1.4% | $1.69B+1.4% | $1.66B+7.7% | $1.54B+4.9% | $1.47B+1.2% | |
| Other Nonoperating Income (Expense) by Business | ||||||
| Eliminations and Other | -$2.2M-46.7% | -$1.5M-150% | -$600K-102% | $25.5M+22.6% | $20.8M+4.5% | |
| Financial Services | $85.1M-2.0% | $86.8M-2.4% | $88.9M-2.4% | $91.1M-2.7% | $93.6M-3.3% | |
| Forestar Group | $11.3M+17.7% | $9.6M-5.9% | $10.2M-19.0% | $12.6M-39.1% | $20.7M-19.8% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Eliminations and Other | -$60.6M+9.0% | -$66.6M-5.7% | -$63M— | —— | —— | |
| Financial Services | $266.7M-7.4% | $288M+3.4% | $278.6M-0.1% | $278.8M-3.5% | $288.8M-1.7% | |
| Forestar Group | $221.4M+1.5% | $218.2M-0.5% | $219.3M+2.1% | $214.7M-3.6% | $222.7M-7.6% | |
| Other assets by Business | ||||||
| Eliminations and Other | -$1.5M-102% | $91.4M-27.5% | $126.1M+2,074% | $5.8M-97.4% | $222M+5.2% | |
| Financial Services | $809.4M-2.4% | $828.9M+5.4% | $786.4M+1.1% | $778.1M+5.8% | $735.4M-0.5% | |
| Forestar Group | $404.2M-2.2% | $413.1M+5.5% | $391.5M+5.1% | $372.5M+8.6% | $343.1M+13.7% | |
| Total Assets by Business | ||||||
| Eliminations and Other | -$1.33B-13.4% | -$1.17B-12.1% | -$1.05B+2.3% | -$1.07B-37.0% | -$782.4M-0.5% | |
| Financial Services | $11.82B+1.6% | $11.64B+1.3% | $11.49B+0.9% | $11.39B+1.8% | $11.19B-2.3% | |
| Forestar Group | $12.61B+1.0% | $12.48B+1.8% | $12.26B+2.5% | $11.96B+3.9% | $11.52B+4.0% | |
| Cost of Sales by Business | ||||||
| Eliminations and Other | -$1.39B-1.6% | -$1.37B-0.1% | -$1.36B-9.6% | -$1.25B-6.1% | -$1.17B+2.8% | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $1.34B+1.7% | $1.32B+1.7% | $1.3B+8.5% | $1.2B+5.6% | $1.13B+1.9% | |
| Accounts Payable by Business | ||||||
| Eliminations and Other | -$489.3M-7.3% | -$456.1M-1.7% | -$448.4M+26.8% | -$612.7M-15.6% | -$530.1M+17.0% | |
| Financial Services | $1.6M+14.3% | $1.4M+7.7% | $1.3M-7.1% | $1.4M+16.7% | $1.2M+9.1% | |
| Forestar Group | $291.6M+1.1% | $288.3M+0.5% | $286.8M-4.9% | $301.7M-1.2% | $305.4M+2.8% | |
| Accrued Liabilities by Business | ||||||
| Eliminations and Other | -$1.79B-0.7% | -$1.78B-5.9% | -$1.68B-7.3% | -$1.56B-15.5% | -$1.35B-10.7% | |
| Financial Services | $1.36B+8.6% | $1.25B+1.7% | $1.23B+5.1% | $1.17B+11.8% | $1.05B+8.1% | |
| Forestar Group | $1.91B-2.7% | $1.97B+2.9% | $1.91B+2.2% | $1.87B+6.6% | $1.75B+5.8% | |
| Cash and Cash Equivalent by Business | ||||||
| Eliminations and Other | $96.5M+6.7% | $90.4M+2.1% | $88.5M-2.1% | $90.4M+0.1% | $90.3M+3.8% | |
| Financial Services | $983.7M-2.6% | $1.01B-1.0% | $1.02B+0.2% | $1.02B-3.6% | $1.06B-4.2% | |
| Forestar Group | $1.14B+19.7% | $954.4M+9.1% | $874.7M-10.4% | $976.7M-14.8% | $1.15B-17.4% | |
| Cash Provided by (Used in) Operating Activity, Including Discontinued Operation by Business | ||||||
| Eliminations and Other | -$44.2M+57.3% | -$103.5M-52.9% | -$67.7M-1,793% | $4M-73.9% | $15.3M-69.3% | |
| Depreciation, Depletion and Amortization by Business | ||||||
| Eliminations and Other | $800K+14.3% | $700K+16.7% | $600K+20.0% | $500K0.0% | $500K-16.7% | |
| Financial Services | $1.9M0.0% | $1.9M+5.6% | $1.8M0.0% | $1.8M0.0% | $1.8M+5.9% | |
| Forestar Group | $3.4M-5.6% | $3.6M+2.9% | $3.5M+6.1% | $3.3M0.0% | $3.3M+10.0% | |
| Goodwill by Business | ||||||
| Eliminations and Other | $116.8M0.0% | $116.8M0.0% | $116.8M0.0% | $116.8M0.0% | $116.8M0.0% | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $0— | $0— | $0— | $0— | $0— | |
| Inventory and land option charges by Business | ||||||
| Eliminations and Other | $200K+150% | -$400K+33.3% | -$600K0.0% | -$600K0.0% | -$600K— | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $12.3M+78.3% | $6.9M-5.5% | $7.3M+2.8% | $7.1M+20.3% | $5.9M+13.5% | |
| Inventory, Homes under Construction by Business | ||||||
| Eliminations and Other | -$445.9M-4.5% | -$426.5M+1.1% | -$431.3M+3.4% | -$446.4M+0.8% | -$450M+5.8% | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $0— | $0— | $0— | $0— | $0— | |
| Inventory, Land Held for Development and Sale by Business | ||||||
| Eliminations and Other | $0— | $0— | $0— | $0— | $0— | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $759.5M-11.2% | $855.3M-8.5% | $934.4M+4.5% | $894.5M+14.5% | $781M+17.8% | |
| Inventory, Real Estate by Business | ||||||
| Eliminations and Other | -$1.48B-5.9% | -$1.4B-6.3% | -$1.32B-7.2% | -$1.23B-5.1% | -$1.17B-0.5% | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $11.03B-0.4% | $11.08B+1.0% | $10.96B+3.6% | $10.59B+5.8% | $10B+6.9% | |
| Inventory, Real Estate, Land and Land Development Costs by Business | ||||||
| Eliminations and Other | -$1B-5.2% | -$953.8M-8.7% | -$877.7M-11.8% | -$785M-7.4% | -$730.8M-7.5% | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $10.27B+0.5% | $10.22B+1.9% | $10.03B+3.5% | $9.69B+5.1% | $9.22B+6.0% | |
| Land held for sale by Business | ||||||
| Eliminations and Other | $0— | $0— | $0— | $0— | $0— | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $0— | $0— | $0— | $0— | $0— | |
| Mortgage loans held for sale by Business | ||||||
| Eliminations and Other | $0— | $0— | $0— | $0— | $0— | |
| Financial Services | $9.92B+2.3% | $9.7B+1.2% | $9.58B+0.9% | $9.49B+2.0% | $9.31B-2.3% | |
| Forestar Group | $0— | $0— | $0— | $0— | $0— | |
| Notes payable by Business | ||||||
| Eliminations and Other | $0— | $0— | $0— | $0— | $0— | |
| Financial Services | $5.42B+0.6% | $5.39B+0.8% | $5.35B-2.3% | $5.47B+0.2% | $5.46B-7.4% | |
| Forestar Group | $3.26B-2.4% | $3.34B-0.4% | $3.35B+3.0% | $3.26B+5.4% | $3.09B+5.7% | |
| Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization by Business | ||||||
| Eliminations and Other | $91.1M+3.5% | $88M+4.3% | $84.4M+5.4% | $80.1M+3.6% | $77.3M+3.1% | |
| Financial Services | $16.6M+2.5% | $16.2M+1.3% | $16M+1.9% | $15.7M+1.3% | $15.5M-0.6% | |
| Forestar Group | $31.3M+2.0% | $30.7M+3.4% | $29.7M+3.5% | $28.7M+4.4% | $27.5M+3.8% | |
| Rental properties by Business | ||||||
| Eliminations and Other | -$35.3M-62.7% | -$21.7M-124% | -$9.7M-1,070% | $1M-90.5% | $10.5M+236% | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $0— | $0— | $0— | $0— | $0— | |
| Restricted Cash and Cash Equivalent by Business | ||||||
| Eliminations and Other | $0— | $0— | $0— | $0— | $0— | |
| Financial Services | $91.3M+6.7% | $85.6M+7.5% | $79.6M-0.9% | $80.3M+7.4% | $74.8M-0.1% | |
| Forestar Group | $0— | $0— | $0— | $0— | $0— | |
| Selling, General and Administrative Expense by Business | ||||||
| Eliminations and Other | $17.7M+2.9% | $17.2M-3.9% | $17.9M-3.2% | $18.5M-1.6% | $18.8M-2.6% | |
| Financial Services | $641.8M-0.1% | $642.3M-1.4% | $651.5M-0.9% | $657.3M-1.1% | $664.3M-1.6% | |
| Forestar Group | $154.4M-0.3% | $154.9M+0.3% | $154.4M+7.4% | $143.8M+6.0% | $135.7M+7.3% | |
| Total Liabilities by Business | ||||||
| Eliminations and Other | -$2.36B-5.5% | -$2.23B-5.1% | -$2.13B+2.3% | -$2.18B-15.5% | -$1.88B-1.2% | |
| Financial Services | $6.78B+2.1% | $6.64B+1.0% | $6.58B-1.0% | $6.64B+2.1% | $6.51B-5.2% | |
| Forestar Group | $5.55B-0.8% | $5.59B+0.8% | $5.55B+2.3% | $5.43B+5.4% | $5.15B+5.6% | |
| Line of Credit Facility, Current Borrowing Capacity by Business | ||||||
| Financial Services | $5.6B-3.4% | $5.8B-3.3% | $6B-3.2% | $6.2B-3.1% | $6.4B0.0% | |
| Line of Credit Facility, Maximum Borrowing Capacity by Business | ||||||
| Financial Services | $8B0.0% | $8B0.0% | $8B0.0% | $8B0.0% | $8B0.0% | |
| Interest Costs Incurred by Business | ||||||
| Financial Services | $27.4M-10.5% | $30.6M-9.7% | $33.9M-15.5% | $40.1M-12.4% | $45.8M-11.6% | |
| Forestar Group | $51.5M+3.6% | $49.7M+9.2% | $45.5M+12.3% | $40.5M+14.7% | $35.3M+7.3% | |
| Number of housing construction markets by Business | ||||||
| Forestar Group | 256-0.4% | 257+0.8% | 255+2.0% | 250+1.6% | 246+3.4% | |
| Number of housing construction states by Business | ||||||
| Forestar Group | 9,300%0.0pp | 9,300%-100pp | 9,400%-100pp | 9,500%-100pp | 9,600%+100pp | |
| Unamortized Debt Issuance Expense by Business | ||||||
| Forestar Group | $28.1M-5.1% | $29.6M+14.3% | $25.9M+16.7% | $22.2M+20.7% | $18.4M+26.0% | |
| Home sales by Product | ||||||
| Financial Services | $823.4M-2.4% | $843.5M+0.3% | $841.2M-0.4% | $845M-1.7% | $859.5M-1.5% | |
| Land | $354.4M+1.3% | $350M+3.9% | $336.8M-9.7% | $373M-5.6% | $395.3M+17.9% | |
| Cost of Product and Service Sold by Product | ||||||
| Land | $249.3M+8.2% | $230.4M+10.0% | $209.4M-10.3% | $233.4M-5.2% | $246.2M+16.8% | |
| Revenue by Geography | ||||||
| East | $6.1B+0.4% | $6.07B-1.0% | $6.14B+2.4% | $6B-0.7% | $6.04B-1.3% | |
| North | $4.33B+1.4% | $4.27B+1.1% | $4.23B+2.7% | $4.11B+2.6% | $4.01B+2.9% | |
| Northwest | $2.58B-4.5% | $2.7B+0.5% | $2.69B+3.0% | $2.61B-1.0% | $2.64B-3.0% | |
| South Central | $6.78B-0.3% | $6.8B-1.4% | $6.9B-1.0% | $6.97B-1.0% | $7.04B-5.8% | |
| Southwest | $4.32B-0.7% | $4.35B-5.3% | $4.6B-1.2% | $4.65B-2.7% | $4.78B-4.4% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Geography | ||||||
| East | 72,610,000,000%-3,700,000,000pp | 76,310,000,000%-7,090,000,000pp | 83,400,000,000%-4,820,000,000pp | 88,220,000,000%-8,450,000,000pp | 96,670,000,000%-8,270,000,000pp | |
| North | 56,980,000,000%-390,000,000pp | 57,370,000,000%-990,000,000pp | 58,360,000,000%+1,160,000,000pp | 57,200,000,000%+1,810,000,000pp | 55,390,000,000%+1,180,000,000pp | |
| Northwest | 33,970,000,000%-3,910,000,000pp | 37,880,000,000%-1,690,000,000pp | 39,570,000,000%-1,140,000,000pp | 40,710,000,000%-480,000,000pp | 41,190,000,000%-1,560,000,000pp | |
| South Central | 87,460,000,000%-4,210,000,000pp | 91,670,000,000%-4,790,000,000pp | 96,460,000,000%-9,980,000,000pp | 106,440,000,000%-7,850,000,000pp | 114,290,000,000%-13,820,000,000pp | |
| Southwest | 42,820,000,000%-910,000,000pp | 43,730,000,000%-7,980,000,000pp | 51,710,000,000%-11,550,000,000pp | 63,260,000,000%-5,670,000,000pp | 68,930,000,000%-4,770,000,000pp | |
| Inventory, Real Estate by Geography | ||||||
| Corporate, Non-Segment | $1.34B+5.4% | $1.27B+4.9% | $1.21B+4.5% | $1.16B+3.9% | $1.11B+3.0% | |
| East | $18.06B+0.7% | $17.93B+1.0% | $17.76B+2.4% | $17.34B+4.7% | $16.56B+5.6% | |
| North | $10.75B+1.3% | $10.61B0.0% | $10.62B+0.8% | $10.53B+1.5% | $10.38B+2.8% | |
| Northwest | $7.64B+0.1% | $7.63B-0.9% | $7.7B-0.6% | $7.75B-0.6% | $7.8B-0.4% | |
| South Central | $16.01B-0.3% | $16.06B-0.6% | $16.15B+1.3% | $15.94B+0.5% | $15.87B0.0% | |
| Southwest | $12.39B-1.1% | $12.53B-1.2% | $12.68B-1.6% | $12.89B-0.7% | $12.98B-0.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does D.R. Horton break its business down?
- D.R. Horton (DHI) reports revenue by business across 4 parts — Eliminations and Other, Financial Services, Forestar Group and HomeBuildingOps. Each is extracted from the segment footnotes and tracked over time.
- Where does D.R. Horton's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in D.R. Horton's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
