D.R. Horton DHI Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue by Business | |||||
| Eliminations and Other | -$1.41B-13.9% | -$1.24B-9.8% | -$1.13B+11.1% | -$1.27B-3.8% | |
| Financial Services | $841.2M-4.7% | $882.5M+10.1% | $801.4M+0.8% | $794.9M-3.5% | |
| Forestar Group | $1.66B+10.1% | $1.51B+5.1% | $1.44B-5.4% | $1.52B+14.6% | |
| Other Nonoperating Income (Expense) by Business | |||||
| Eliminations and Other | -$600K-106% | $9.4M+116% | -$60.1M— | —— | |
| Financial Services | $88.9M-12.2% | $101.2M+31.8% | $76.8M— | —— | |
| Forestar Group | $10.2M-65.1% | $29.2M+90.8% | $15.3M— | —— | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | |||||
| Eliminations and Other | -$63M— | —— | —— | -$39.6M+26.9% | |
| Financial Services | $278.6M-10.5% | $311.2M+9.8% | $283.3M-2.5% | $290.6M-20.3% | |
| Forestar Group | $219.3M-18.8% | $270.2M+21.9% | $221.6M-6.0% | $235.8M+60.8% | |
| Other assets by Business | |||||
| Eliminations and Other | $126.1M+7.1% | $117.7M— | —— | —— | |
| Financial Services | $786.4M-20.1% | $984.8M+35.8% | $725.3M-37.1% | $1.15B+113% | |
| Forestar Group | $391.5M+41.8% | $276M+22.3% | $225.6M+25.4% | $179.9M+32.4% | |
| Total Assets by Business | |||||
| Eliminations and Other | -$1.05B-20.7% | -$867.8M— | —— | —— | |
| Financial Services | $11.49B-3.8% | $11.94B+13.0% | $10.57B+3.8% | $10.18B+30.3% | |
| Forestar Group | $12.26B+15.1% | $10.65B+11.8% | $9.52B+5.8% | $9B+15.1% | |
| Cost of Sales by Business | |||||
| Eliminations and Other | -$1.36B-7.7% | -$1.27B-2.8% | -$1.23B+3.4% | -$1.28B-7.3% | |
| Financial Services | $0— | $0— | $0— | $0— | |
| Forestar Group | $1.3B+12.9% | $1.15B+1.5% | $1.13B-5.2% | $1.2B+9.0% | |
| Accounts Payable by Business | |||||
| Eliminations and Other | -$448.4M+43.8% | -$797.4M— | —— | —— | |
| Financial Services | $1.3M+30.0% | $1M+900% | $100K-50.0% | $200K— | |
| Forestar Group | $286.8M+1.1% | $283.8M+2.2% | $277.7M+13.3% | $245.1M+40.1% | |
| Accrued Liabilities by Business | |||||
| Eliminations and Other | -$1.68B-47.9% | -$1.13B— | —— | —— | |
| Financial Services | $1.23B+16.1% | $1.06B+47.9% | $717.3M-40.9% | $1.21B+155% | |
| Forestar Group | $1.91B+23.2% | $1.55B+19.8% | $1.29B-9.1% | $1.42B+28.6% | |
| Cash and Cash Equivalent by Business | |||||
| Eliminations and Other | $88.5M+5.1% | $84.2M— | —— | —— | |
| Financial Services | $1.02B-6.4% | $1.09B+17.7% | $926M+121% | $419.9M+23.5% | |
| Forestar Group | $874.7M-49.0% | $1.72B+12.9% | $1.52B+88.3% | $807.3M+19.7% | |
| Cash Provided by (Used in) Operating Activity, Including Discontinued Operation by Business | |||||
| Eliminations and Other | -$67.7M-215% | $58.8M-46.2% | $109.2M+276% | -$62.1M-131% | |
| Depreciation, Depletion and Amortization by Business | |||||
| Eliminations and Other | $600K+20.0% | $500K-97.5% | $20.1M+51.1% | $13.3M+33.0% | |
| Financial Services | $1.8M0.0% | $1.8M-14.3% | $2.1M+10.5% | $1.9M+11.8% | |
| Forestar Group | $3.5M+16.7% | $3M0.0% | $3M+11.1% | $2.7M+22.7% | |
| Goodwill by Business | |||||
| Eliminations and Other | $116.8M0.0% | $116.8M— | —— | —— | |
| Financial Services | $0— | $0— | $0— | $0— | |
| Forestar Group | $0— | $0— | $0— | $0-100% | |
| Inventory and land option charges by Business | |||||
| Eliminations and Other | -$600K— | $0+100% | -$11.1M— | $0— | |
| Financial Services | $0— | $0— | $0— | $0— | |
| Forestar Group | $7.3M+73.8% | $4.2M-82.5% | $24M+93.5% | $12.4M+300% | |
| Inventory, Homes under Construction by Business | |||||
| Eliminations and Other | -$431.3M+14.7% | -$505.8M— | —— | —— | |
| Financial Services | $0— | $0— | $0— | $0— | |
| Forestar Group | $0— | $0— | $0— | $0— | |
| Inventory, Land Held for Development and Sale by Business | |||||
| Eliminations and Other | $0— | $0— | —— | —— | |
| Financial Services | $0— | $0— | $0— | $0— | |
| Forestar Group | $934.4M+78.2% | $524.4M+131% | $226.7M-43.0% | $397.8M+44.7% | |
| Inventory, Real Estate by Business | |||||
| Eliminations and Other | -$1.32B-13.6% | -$1.16B— | —— | —— | |
| Financial Services | $0— | $0— | $0— | $0— | |
| Forestar Group | $10.96B+27.0% | $8.63B+11.3% | $7.76B-3.0% | $8B+14.2% | |
| Inventory, Real Estate, Land and Land Development Costs by Business | |||||
| Eliminations and Other | -$877.7M-39.6% | -$628.8M— | —— | —— | |
| Financial Services | $0— | $0— | $0— | $0— | |
| Forestar Group | $10.03B+23.7% | $8.11B+7.7% | $7.53B-0.9% | $7.6B+12.9% | |
| Land held for sale by Business | |||||
| Eliminations and Other | $0— | $0— | —— | —— | |
| Financial Services | $0— | $0— | $0— | $0— | |
| Forestar Group | $0— | $0— | $0— | $0— | |
| Mortgage loans held for sale by Business | |||||
| Eliminations and Other | $0— | $0— | —— | —— | |
| Financial Services | $9.58B-1.9% | $9.77B+10.5% | $8.84B+3.5% | $8.54B+24.4% | |
| Forestar Group | $0— | $0— | $0— | $0— | |
| Notes payable by Business | |||||
| Eliminations and Other | $0— | $0— | —— | —— | |
| Financial Services | $5.35B-16.3% | $6.39B+4.3% | $6.12B+3.4% | $5.92B+24.3% | |
| Forestar Group | $3.35B+18.8% | $2.82B+0.3% | $2.82B-0.2% | $2.82B+3.8% | |
| Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization by Business | |||||
| Eliminations and Other | $84.4M+15.5% | $73.1M— | —— | —— | |
| Financial Services | $16M0.0% | $16M-1.2% | $16.2M+4.5% | $15.5M+9.9% | |
| Forestar Group | $29.7M+16.5% | $25.5M+11.8% | $22.8M+11.8% | $20.4M+127% | |
| Rental properties by Business | |||||
| Eliminations and Other | -$9.7M+63.4% | -$26.5M— | —— | —— | |
| Financial Services | $0— | $0— | $0— | $0— | |
| Forestar Group | $0— | $0— | $0— | $0— | |
| Restricted Cash and Cash Equivalent by Business | |||||
| Eliminations and Other | $0— | $0— | —— | —— | |
| Financial Services | $79.6M+7.7% | $73.9M+29.9% | $56.9M+13.3% | $50.2M-7.0% | |
| Forestar Group | $0— | $0— | $0— | $0— | |
| Selling, General and Administrative Expense by Business | |||||
| Eliminations and Other | $17.9M-6.3% | $19.1M-26.8% | $26.1M+77.6% | $14.7M+58.1% | |
| Financial Services | $651.5M-3.1% | $672.5M+13.0% | $594.9M+8.6% | $547.6M+12.2% | |
| Forestar Group | $154.4M+30.3% | $118.5M+21.3% | $97.7M+4.4% | $93.6M+36.8% | |
| Total Liabilities by Business | |||||
| Eliminations and Other | -$2.13B-10.1% | -$1.93B— | —— | —— | |
| Financial Services | $6.58B-11.7% | $7.45B+8.9% | $6.84B-3.3% | $7.08B+35.2% | |
| Forestar Group | $5.55B+19.2% | $4.66B+6.2% | $4.39B-2.3% | $4.49B+12.3% | |
| Line of Credit Facility, Current Borrowing Capacity by Business | |||||
| Financial Services | $6B-11.8% | $6.8B-12.8% | $7.8B-2.9% | $8.03B+21.7% | |
| Line of Credit Facility, Maximum Borrowing Capacity by Business | |||||
| Financial Services | $8B-3.6% | $8.3B— | —— | —— | |
| Interest Costs Incurred by Business | |||||
| Financial Services | $33.9M-42.2% | $58.6M+27.7% | $45.9M+143% | $18.9M+11.2% | |
| Forestar Group | $45.5M+39.1% | $32.7M-0.3% | $32.8M-0.3% | $32.9M-20.9% | |
| Number of housing construction markets by Business | |||||
| Forestar Group | 255+9.4% | 233+11.0% | 210-1.4% | 213-1.4% | |
| Number of housing construction states by Business | |||||
| Forestar Group | 9,400%0.0pp | 9,400%+1,200pp | 8,200%-700pp | 8,900%+100pp | |
| Unamortized Debt Issuance Expense by Business | |||||
| Forestar Group | $25.9M+60.9% | $16.1M-27.1% | $22.1M-21.6% | $28.2M-13.8% | |
| Home sales by Product | |||||
| Financial Services | $841.2M-4.7% | $882.5M+10.1% | $801.4M+0.8% | $794.9M-3.5% | |
| Land | $336.8M+2.0% | $330.1M-19.9% | $412.3M+31.7% | $313.1M+47.5% | |
| Cost of Product and Service Sold by Product | |||||
| Land | $209.4M+6.8% | $196M-3.3% | $202.7M+35.6% | $149.5M+25.4% | |
| Revenue by Geography | |||||
| East | $6.14B+1.1% | $6.07B+14.0% | $5.33B+0.1% | $5.32B+19.3% | |
| North | $4.23B+14.7% | $3.68B+15.9% | $3.18B+7.3% | $2.96B+26.6% | |
| Northwest | $2.69B-2.7% | $2.76B+6.9% | $2.58B-2.9% | $2.66B+5.6% | |
| South Central | $6.9B-9.8% | $7.65B+0.5% | $7.61B-7.1% | $8.19B+34.1% | |
| Southwest | $4.6B-6.5% | $4.91B+14.8% | $4.28B-11.5% | $4.84B+18.9% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Geography | |||||
| East | 83,400,000,000%-22,560,000,000pp | 105,960,000,000%+12,390,000,000pp | 93,570,000,000%-19,060,000,000pp | 112,630,000,000%+33,120,000,000pp | |
| North | 58,360,000,000%+8,520,000,000pp | 49,840,000,000%+14,760,000,000pp | 35,080,000,000%-10,550,000,000pp | 45,630,000,000%+12,460,000,000pp | |
| Northwest | 39,570,000,000%-2,510,000,000pp | 42,080,000,000%+2,960,000,000pp | 39,120,000,000%-16,960,000,000pp | 56,080,000,000%+5,000,000,000pp | |
| South Central | 96,460,000,000%-36,680,000,000pp | 133,140,000,000%-5,680,000,000pp | 138,820,000,000%-52,250,000,000pp | 191,070,000,000%+76,050,000,000pp | |
| Southwest | 51,710,000,000%-18,640,000,000pp | 70,350,000,000%+21,420,000,000pp | 48,930,000,000%-47,900,000,000pp | 96,830,000,000%+31,520,000,000pp | |
| Inventory, Real Estate by Geography | |||||
| Corporate, Non-Segment | $1.21B+14.5% | $1.06B+12.4% | $940.1M+11.3% | $844.7M-1.6% | |
| East | $17.76B+20.3% | $14.77B+30.6% | $11.31B+16.2% | $9.73B+50.0% | |
| North | $10.62B+9.4% | $9.7B+19.3% | $8.13B+15.7% | $7.03B— | |
| Northwest | $7.7B-2.1% | $7.87B+5.6% | $7.45B+13.3% | $6.58B— | |
| South Central | $16.15B+1.6% | $15.9B+3.4% | $15.37B-5.1% | $16.2B+15.4% | |
| Southwest | $12.68B-3.8% | $13.18B+7.7% | $12.24B+7.2% | $11.42B+122% |
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.
