What is D.R. Horton's SG&A?

D.R. Horton (DHI) reported SG&A of $903.3M in Q1 2026.

How has D.R. Horton's SG&A changed year-over-year?

D.R. Horton's SG&A increased by 0.5% year-over-year, from $898.7M to $903.3M.

What is the long-term trend for D.R. Horton's SG&A?

Over 4 years (2021 to 2025), D.R. Horton's SG&A has grown at a 9.6% compound annual growth rate (CAGR), from $2.56B to $3.69B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

D.R. Horton DHI SG&A

SG&A at other companies

Toll BrothersTOL

$258.25M+1.0%

KB HomeKBH

$120.45M0.0%

PultegroupPHM

$380.33M-3.3%

Green Brick PartnersGRBK

$52.59M0.0%

Forestar GroupFOR

$37.9M-1.3%

NVRNVR

——

Segments

By geography

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South Central$137.4M+7.2%

East$132.8M+4.6%

North$95.5M+2.8%

Southwest$88.1M-4.3%

Northwest$53.7M-6.1%

By segment

See full

HomeBuildingOps$648.9M—

Financial Services$159.8M-0.3%

Forestar Group$37.9M-1.3%

Eliminations and Other$4.7M—

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

See full

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:SellingGeneralAndAdministrativeExpense.

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 SG&A?: D.R. Horton (DHI) reported SG&A of $903.3M in Q1 2026.
How has D.R. Horton's SG&A changed year-over-year?: D.R. Horton's SG&A increased by 0.5% year-over-year, from $898.7M to $903.3M.
What is the long-term trend for D.R. Horton's SG&A?: Over 4 years (2021 to 2025), D.R. Horton's SG&A has grown at a 9.6% compound annual growth rate (CAGR), from $2.56B to $3.69B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.