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-24.2% | -$1.41B-20.0% | -$1.41B-13.9% | -$1.25B+0.5% | -$1.15B+10.3% | |
| Financial Services | $823.4M-4.2% | $843.5M-3.3% | $841.2M-4.7% | $845M-4.0% | $859.5M-0.8% | |
| Forestar Group | $1.71B+16.1% | $1.69B+15.9% | $1.66B+10.1% | $1.54B+2.3% | $1.47B-5.6% | |
| Other Nonoperating Income (Expense) by Business | ||||||
| Eliminations and Other | -$2.2M-111% | -$1.5M-108% | -$600K-106% | $25.5M+224% | $20.8M+143% | |
| Financial Services | $85.1M-9.1% | $86.8M-10.3% | $88.9M-12.2% | $91.1M-9.4% | $93.6M-0.3% | |
| Forestar Group | $11.3M-45.4% | $9.6M-62.8% | $10.2M-65.1% | $12.6M-53.2% | $20.7M-2.8% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Eliminations and Other | -$60.6M— | -$66.6M— | -$63M— | —— | —— | |
| Financial Services | $266.7M-7.7% | $288M-2.0% | $278.6M-10.5% | $278.8M-13.1% | $288.8M-10.7% | |
| Forestar Group | $221.4M-0.6% | $218.2M-9.4% | $219.3M-18.8% | $214.7M-16.5% | $222.7M-16.9% | |
| Other assets by Business | ||||||
| Eliminations and Other | -$1.5M-101% | $91.4M-56.7% | $126.1M+7.1% | $5.8M+117% | $222M— | |
| Financial Services | $809.4M+10.1% | $828.9M+12.2% | $786.4M-20.1% | $778.1M-23.9% | $735.4M-28.9% | |
| Forestar Group | $404.2M+17.8% | $413.1M+36.9% | $391.5M+41.8% | $372.5M+49.7% | $343.1M+44.2% | |
| Total Assets by Business | ||||||
| Eliminations and Other | -$1.33B-70.1% | -$1.17B-50.8% | -$1.05B-20.7% | -$1.07B-7.3% | -$782.4M— | |
| Financial Services | $11.82B+5.7% | $11.64B+1.6% | $11.49B-3.8% | $11.39B-4.8% | $11.19B-4.8% | |
| Forestar Group | $12.61B+9.4% | $12.48B+12.7% | $12.26B+15.1% | $11.96B+16.4% | $11.52B+15.4% | |
| Cost of Sales by Business | ||||||
| Eliminations and Other | -$1.39B-18.2% | -$1.37B-13.0% | -$1.36B-7.7% | -$1.25B+4.8% | -$1.17B+12.4% | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $1.34B+18.6% | $1.32B+18.8% | $1.3B+12.9% | $1.2B+2.8% | $1.13B-5.7% | |
| Accounts Payable by Business | ||||||
| Eliminations and Other | -$489.3M+7.7% | -$456.1M+28.6% | -$448.4M+43.8% | -$612.7M+43.8% | -$530.1M— | |
| Financial Services | $1.6M+33.3% | $1.4M+27.3% | $1.3M+30.0% | $1.4M+367% | $1.2M+500% | |
| Forestar Group | $291.6M-4.5% | $288.3M-3.0% | $286.8M+1.1% | $301.7M+13.3% | $305.4M+15.7% | |
| Accrued Liabilities by Business | ||||||
| Eliminations and Other | -$1.79B-32.2% | -$1.78B-45.4% | -$1.68B-47.9% | -$1.56B-58.5% | -$1.35B— | |
| Financial Services | $1.36B+29.9% | $1.25B+29.2% | $1.23B+16.1% | $1.17B+5.8% | $1.05B-0.5% | |
| Forestar Group | $1.91B+9.1% | $1.97B+18.6% | $1.91B+23.2% | $1.87B+30.2% | $1.75B+29.6% | |
| Cash and Cash Equivalent by Business | ||||||
| Eliminations and Other | $96.5M+6.9% | $90.4M+3.9% | $88.5M+5.1% | $90.4M+7.5% | $90.3M— | |
| Financial Services | $983.7M-6.8% | $1.01B-8.3% | $1.02B-6.4% | $1.02B-1.8% | $1.06B+7.3% | |
| Forestar Group | $1.14B-0.4% | $954.4M-31.3% | $874.7M-49.0% | $976.7M-47.2% | $1.15B-39.4% | |
| Cash Provided by (Used in) Operating Activity, Including Discontinued Operation by Business | ||||||
| Eliminations and Other | -$44.2M-389% | -$103.5M-308% | -$67.7M-215% | $4M-95.4% | $15.3M-86.6% | |
| Depreciation, Depletion and Amortization by Business | ||||||
| Eliminations and Other | $800K+60.0% | $700K+16.7% | $600K+20.0% | $500K-82.1% | $500K-93.9% | |
| Financial Services | $1.9M+5.6% | $1.9M+11.8% | $1.8M0.0% | $1.8M-5.3% | $1.8M-5.3% | |
| Forestar Group | $3.4M+3.0% | $3.6M+20.0% | $3.5M+16.7% | $3.3M+6.5% | $3.3M+13.8% | |
| Goodwill by Business | ||||||
| Eliminations and Other | $116.8M0.0% | $116.8M0.0% | $116.8M0.0% | $116.8M0.0% | $116.8M— | |
| 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+133% | -$400K— | -$600K— | -$600K— | -$600K— | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $12.3M+108% | $6.9M+32.7% | $7.3M+73.8% | $7.1M+373% | $5.9M+247% | |
| Inventory, Homes under Construction by Business | ||||||
| Eliminations and Other | -$445.9M+0.9% | -$426.5M+10.7% | -$431.3M+14.7% | -$446.4M+15.5% | -$450M— | |
| 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-2.8% | $855.3M+29.0% | $934.4M+78.2% | $894.5M+116% | $781M+144% | |
| Inventory, Real Estate by Business | ||||||
| Eliminations and Other | -$1.48B-26.8% | -$1.4B-20.3% | -$1.32B-13.6% | -$1.23B-7.4% | -$1.17B— | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $11.03B+10.3% | $11.08B+18.4% | $10.96B+27.0% | $10.59B+29.8% | $10B+27.8% | |
| Inventory, Real Estate, Land and Land Development Costs by Business | ||||||
| Eliminations and Other | -$1B-37.3% | -$953.8M-40.3% | -$877.7M-39.6% | -$785M-37.6% | -$730.8M— | |
| Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Forestar Group | $10.27B+11.4% | $10.22B+17.6% | $10.03B+23.7% | $9.69B+25.2% | $9.22B+22.9% | |
| 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+6.6% | $9.7B+1.8% | $9.58B-1.9% | $9.49B-3.3% | $9.31B-3.6% | |
| Forestar Group | $0— | $0— | $0— | $0— | $0— | |
| Notes payable by Business | ||||||
| Eliminations and Other | $0— | $0— | $0— | $0— | $0— | |
| Financial Services | $5.42B-0.7% | $5.39B-8.6% | $5.35B-16.3% | $5.47B-16.1% | $5.46B-16.3% | |
| Forestar Group | $3.26B+5.5% | $3.34B+14.2% | $3.35B+18.8% | $3.26B+15.9% | $3.09B+9.9% | |
| Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization by Business | ||||||
| Eliminations and Other | $91.1M+17.9% | $88M+17.3% | $84.4M+15.5% | $80.1M+10.5% | $77.3M— | |
| Financial Services | $16.6M+7.1% | $16.2M+3.8% | $16M0.0% | $15.7M-2.5% | $15.5M-4.3% | |
| Forestar Group | $31.3M+13.8% | $30.7M+15.8% | $29.7M+16.5% | $28.7M+18.1% | $27.5M+17.0% | |
| Rental properties by Business | ||||||
| Eliminations and Other | -$35.3M-436% | -$21.7M-182% | -$9.7M+63.4% | $1M+102% | $10.5M— | |
| 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+22.1% | $85.6M+14.3% | $79.6M+7.7% | $80.3M+14.7% | $74.8M+13.0% | |
| Forestar Group | $0— | $0— | $0— | $0— | $0— | |
| Selling, General and Administrative Expense by Business | ||||||
| Eliminations and Other | $17.7M-5.9% | $17.2M-10.9% | $17.9M-6.3% | $18.5M-20.3% | $18.8M-23.3% | |
| Financial Services | $641.8M-3.4% | $642.3M-4.9% | $651.5M-3.1% | $657.3M-0.4% | $664.3M+4.4% | |
| Forestar Group | $154.4M+13.8% | $154.9M+22.5% | $154.4M+30.3% | $143.8M+27.4% | $135.7M+23.4% | |
| Total Liabilities by Business | ||||||
| Eliminations and Other | -$2.36B-25.0% | -$2.23B-20.0% | -$2.13B-10.1% | -$2.18B-4.8% | -$1.88B— | |
| Financial Services | $6.78B+4.2% | $6.64B-3.3% | $6.58B-11.7% | $6.64B-12.9% | $6.51B-14.0% | |
| Forestar Group | $5.55B+7.8% | $5.59B+14.7% | $5.55B+19.2% | $5.43B+20.3% | $5.15B+16.3% | |
| Line of Credit Facility, Current Borrowing Capacity by Business | ||||||
| Financial Services | $5.6B-12.5% | $5.8B-9.4% | $6B-11.8% | $6.2B-13.9% | $6.4B-15.8% | |
| Line of Credit Facility, Maximum Borrowing Capacity by Business | ||||||
| Financial Services | $8B0.0% | $8B0.0% | $8B-3.6% | $8B-7.0% | $8B-10.1% | |
| Interest Costs Incurred by Business | ||||||
| Financial Services | $27.4M-40.2% | $30.6M-40.9% | $33.9M-42.2% | $40.1M-32.8% | $45.8M-18.8% | |
| Forestar Group | $51.5M+45.9% | $49.7M+51.1% | $45.5M+39.1% | $40.5M+23.9% | $35.3M+8.0% | |
| Number of housing construction markets by Business | ||||||
| Forestar Group | 256+4.1% | 257+8.0% | 255+9.4% | 250+9.6% | 246+11.8% | |
| Number of housing construction states by Business | ||||||
| Forestar Group | 9,300%-300pp | 9,300%-200pp | 9,400%0.0pp | 9,500%+300pp | 9,600%+800pp | |
| Unamortized Debt Issuance Expense by Business | ||||||
| Forestar Group | $28.1M+52.7% | $29.6M+103% | $25.9M+60.9% | $22.2M+26.1% | $18.4M-3.7% | |
| Home sales by Product | ||||||
| Financial Services | $823.4M-4.2% | $843.5M-3.3% | $841.2M-4.7% | $845M-4.0% | $859.5M-0.8% | |
| Land | $354.4M-10.3% | $350M+4.4% | $336.8M+2.0% | $373M+23.3% | $395.3M+12.7% | |
| Cost of Product and Service Sold by Product | ||||||
| Land | $249.3M+1.3% | $230.4M+9.3% | $209.4M+6.8% | $233.4M+38.8% | $246.2M+30.7% | |
| Revenue by Geography | ||||||
| East | $6.1B+1.0% | $6.07B-0.7% | $6.14B+1.1% | $6B+1.1% | $6.04B+6.2% | |
| North | $4.33B+8.1% | $4.27B+9.7% | $4.23B+14.7% | $4.11B+16.2% | $4.01B+18.2% | |
| Northwest | $2.58B-2.1% | $2.7B-0.6% | $2.69B-2.7% | $2.61B-5.3% | $2.64B-2.1% | |
| South Central | $6.78B-3.6% | $6.8B-8.9% | $6.9B-9.8% | $6.97B-8.7% | $7.04B-9.7% | |
| Southwest | $4.32B-9.7% | $4.35B-13.1% | $4.6B-6.5% | $4.65B-8.3% | $4.78B-2.2% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Geography | ||||||
| East | 72,610,000,000%-24,060,000,000pp | 76,310,000,000%-28,630,000,000pp | 83,400,000,000%-22,560,000,000pp | 88,220,000,000%-19,260,000,000pp | 96,670,000,000%-5,520,000,000pp | |
| North | 56,980,000,000%+1,590,000,000pp | 57,370,000,000%+3,160,000,000pp | 58,360,000,000%+8,520,000,000pp | 57,200,000,000%+9,120,000,000pp | 55,390,000,000%+12,840,000,000pp | |
| Northwest | 33,970,000,000%-7,220,000,000pp | 37,880,000,000%-4,870,000,000pp | 39,570,000,000%-2,510,000,000pp | 40,710,000,000%-2,340,000,000pp | 41,190,000,000%-300,000,000pp | |
| South Central | 87,460,000,000%-26,830,000,000pp | 91,670,000,000%-36,440,000,000pp | 96,460,000,000%-36,680,000,000pp | 106,440,000,000%-35,400,000,000pp | 114,290,000,000%-31,400,000,000pp | |
| Southwest | 42,820,000,000%-26,110,000,000pp | 43,730,000,000%-29,970,000,000pp | 51,710,000,000%-18,640,000,000pp | 63,260,000,000%-7,510,000,000pp | 68,930,000,000%+5,980,000,000pp | |
| Inventory, Real Estate by Geography | ||||||
| Corporate, Non-Segment | $1.34B+20.1% | $1.27B+17.3% | $1.21B+14.5% | $1.16B+12.9% | $1.11B+12.0% | |
| East | $18.06B+9.0% | $17.93B+14.3% | $17.76B+20.3% | $17.34B+25.5% | $16.56B+28.5% | |
| North | $10.75B+3.6% | $10.61B+5.1% | $10.62B+9.4% | $10.53B+14.1% | $10.38B+18.7% | |
| Northwest | $7.64B-1.9% | $7.63B-2.5% | $7.7B-2.1% | $7.75B-1.2% | $7.8B+0.4% | |
| South Central | $16.01B+0.9% | $16.06B+1.2% | $16.15B+1.6% | $15.94B-0.2% | $15.87B+1.1% | |
| Southwest | $12.39B-4.6% | $12.53B-4.0% | $12.68B-3.8% | $12.89B-1.1% | $12.98B+0.9% |
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.
