Revenue: As of FY2026 Q1, the actual value is USD 6.887 B, beating the estimate of USD 6.65 B.EPS: As of FY2026 Q1, the actual value is USD 2.03, beating the estimate of USD 1.9174.<h4>Consolidated Financial Performance</h4><ul><li>Net Income Attributable to D.R. Horton: Net income attributable to D.R. Horton, Inc. decreased 30% to $594.8 million for the first fiscal quarter ended December 31, 2025, compared to $844.9 million in the prior year period.</li><li>Consolidated Pre-Tax Income: Consolidated pre-tax income totaled $798.1 million, down from $1,109.9 million in the prior year, resulting in a pre-tax profit margin of 11.6%.</li><li>Consolidated Revenues: Consolidated revenues were $6.9 billion, a decrease from $7,613.0 million in the prior year.</li><li>Cash Flow from Operations: Cash provided by operations totaled $854.0 million, an increase from $646.7 million in the prior year period.</li><li>Debt to Total Capital: The Company’s debt to total capital ratio was 18.8% as of December 31, 2025.</li><li>Book Value Per Share: Book value per share increased 5% to $82.60.</li><li>Return on Equity (ROE): For the trailing twelve months ended December 31, 2025, the Company’s ROE was 13.7%.</li><li>Return on Assets (ROA): For the trailing twelve months ended December 31, 2025, the Company’s ROA was 9.4%.</li><li>Selling, General and Administrative Expense: This expense was $865.1 million, down from $878.1 million in the prior year period.</li><li>Other (Income) Expense: Other (income) expense was -$68.5 million, compared to -$77.8 million in the prior year period.</li><li>Income Tax Expense: Income tax expense was $196.7 million, down from $258.0 million in the prior year period.</li><li>Net Income Attributable to Noncontrolling Interests: This was $6.6 million, compared to $7.0 million in the prior year period.</li><li>Interest Charged to Cost of Sales: Interest charged to cost of sales was $31.3 million, up from $30.3 million in the prior year period.</li><li>Depreciation and Amortization: Depreciation and amortization was $27.7 million, up from $24.1 million in the prior year period.</li><li>Interest Incurred: Interest incurred was $56.5 million, up from $46.7 million in the prior year period.</li></ul><h4>Homebuilding Segment</h4><ul><li>Revenue: Homebuilding revenue for the first quarter decreased 9% to $6.5 billion.</li><li>Homes Closed: Homes closed decreased 7% to 17,818 homes.</li><li>Pre-Tax Income: Homebuilding pre-tax income decreased 30% to $708.1 million, with a pre-tax profit margin of 10.8%.</li><li>Net Sales Orders: Net sales orders increased 3% to 18,300 homes, with an order value of $6.7 billion.</li><li>Cancellation Rate: The cancellation rate was 18%, consistent with the prior year quarter.</li><li>Homes in Inventory: At quarter end, the Company had 30,400 homes in inventory, with 20,000 unsold.</li><li>Homebuilding Return on Inventory (ROI): The homebuilding ROI for the trailing twelve months ended December 31, 2025, was 18.6%.</li><li>Land and Lot Position: As of December 31, 2025, the Company owned 145,500 lots and controlled 445,000 lots through purchase contracts, totaling 590,500 lots.</li><li>Segment Cash Flow from Operations: Cash provided by operating activities for homebuilding was $497.7 million.</li></ul><h4>Non-Homebuilding Segments</h4><ul><li>Rental Operations:<ul><li>Revenues: Generated $109.5 million from the sale of 397 single-family rental homes.</li><li>Pre-Tax Income: Reported $0.2 million of pre-tax income, resulting in a pre-tax profit margin of 0.2%.</li><li>Cash Flow from Operations: Cash used in operating activities for rental operations was -$197.0 million.</li></ul></li><li>Forestar:<ul><li>Lots Sold: Sold 1,944 lots.</li><li>Revenue: Generated $273.0 million of revenue.</li><li>Pre-Tax Income: Reported $20.8 million of pre-tax income, with a pre-tax profit margin of 7.6%.</li><li>Cash Flow from Operations: Cash used in operating activities for Forestar was -$157.0 million.</li></ul></li><li>Financial Services:<ul><li>Revenues: Financial services revenues were $184.6 million.</li><li>Pre-Tax Income: Reported pre-tax income of $58.0 million, resulting in a pre-tax profit margin of 31.4%.</li><li>Cash Flow from Operations: Cash provided by operating activities for financial services was $731.5 million.</li></ul></li></ul><h4>Shareholder Returns</h4><ul><li>Share Repurchases: D.R. Horton, Inc. repurchased 4.4 million shares of common stock for $669.7 million during the first fiscal quarter of 2026.</li><li>Dividends Paid: The Company paid cash dividends of $131.5 million.</li><li>Quarterly Dividend Declared: A quarterly cash dividend of $0.45 per share was declared, payable on February 12, 2026.</li></ul><h4>Outlook / Guidance</h4>D.R. Horton, Inc. reiterates its fiscal 2026 guidance, projecting consolidated revenues between $33.5 billion and $35.0 billion and home closings of 86,000 to 88,000 homes. The Company also anticipates consolidated cash flow from operations of at least $3.0 billion, approximately $2.5 billion in share repurchases, and around $500 million in dividend payments. An income tax rate of approximately 24.5% is expected.

D.R. Horton | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 6.887 B