D.R. Horton reported revenue of $33 billion and net income of $2.9 billion. Fiscal 2027 guidance calls for $30 to $32 billion of revenue, 79,000 to 84,000 closings, and $3 billion of share repurchases.
DHI · Horton D R Inc
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D.R. Horton, Inc. reported fiscal 2026 net income attributable to the company of $2.9 billion, diluted EPS of $10.11 and revenue of $33.0 billion, and increased its quarterly dividend 11% to $0.50 per share.
D.R. Horton, Inc. appointed Carl E. Reichardt, Jr. as independent director effective October 22, 2026, expanding the board to nine directors, seven independent. Compensation includes $80,000 annual cash fees, a $235,000 annual RSU award and a $250,000 new-director RSU award.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q4 FY26 earnings call · Oct 29, 2026TL;DR. D.R. Horton remained profitable and cash generative in fiscal 2026, produced $3.5 billion of operating cash flow, returned $4.1 billion to shareholders and increased its quarterly dividend 11%; fiscal 2027 plans include approximately $3.0 billion of repurchases and $3.5 billion of operating cash flow. Fourth-quarter demand, margins and earnings weakened, rental operations recorded $91.4 million of impairments, and fiscal 2027 guidance includes $30.0 billion–$32.0 billion of revenue, 79,000–84,000 closings and an 18%–18.5% first-quarter home sales gross margin amid continued affordability, mortgage-rate and consumer-sentiment pressure.
- + The company remained profitable in fiscal 2026, generating $2.9 billion of net income and an 11.8% pre-tax profit margin.
- + Fiscal 2026 generated $3.5 billion of operating cash flow and $4.1 billion of shareholder returns.
- + The quarterly dividend was increased 11% to $0.50 per share.
- + Fiscal 2027 operating cash flow is forecast at approximately $3.5 billion, with approximately $3.0 billion of share repurchases and around $500 million of dividends planned.
- + The company has strong liquidity and low leverage, providing flexibility through changing market conditions.
- + Management expects to continue consolidating market share despite flat-to-down expected closings.
- − Fourth-quarter net sales orders fell 7%, order value fell 9%, and the cancellation rate rose to 23%.
- − Fourth-quarter home sales gross margin was 19.5%, down 120 basis points sequentially and below expectations.
- − The rental segment recorded a fourth-quarter pre-tax loss and $91.4 million of inventory impairment charges.
- − Fiscal 2027 guidance includes $30.0 billion–$32.0 billion of revenue and 79,000–84,000 closings, with wider-than-usual ranges reflecting uncertainty.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Mentioned in fund letters
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average selling price of homes closed | $362,000 | Three Months Ended June 30, 2026 filing | — |
| Forestar lots sold to D.R. Horton | 7,447 | Three Months Ended June 30, 2026 filing | — |
| Homebuilding SG&A as a percentage of homebuilding revenues | 8.3% | the three months ended June 30, 2026 filing | — |
| Homes closed | 23,983 | the three months ended June 30, 2026 filing | — |
| Homes in inventory | 38,000 | the three months ended June 30, 2026 filing | — |
| Interest incurred | $43.3M | the three months ended June 30, 2026 filing | — |
| Loans sold by DHI Mortgage to third parties | 18,926 | three months ended June 30, 2026 filing | — |
| Lots controlled through purchase contracts | 441,900 | the three months ended June 30, 2026 filing | — |
| Lots sold to D.R. Horton | 3,370 | the three months ended June 30, 2026 filing | — |
| Net sales orders | 23,084 | the three months ended June 30, 2026 filing | — |
| Net sales orders (value) | 8.4B | Three Months Ended June 30, 2026 filing | — |
| Number of first-lien loans originated or brokered by DHI Mortgage for D.R. Horton homebuyers | 19,729 | three months ended June 30, 2026 filing | — |
| Owned lots | 126,600 | the three months ended June 30, 2026 filing | — |
| Percentage of D.R. Horton homes financed by DHI Mortgage | 82% | three months ended June 30, 2026 filing | — |
| Sales order backlog | 15,983 | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Residential Construction — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
DHI
this stock
Horton D R Inc
|
$40.71B | +1.1% | -6.9% | 13.9 | 4.3% |
|
PHM
Pultegroup Inc
|
$23.38B | +8.3% | +11.8% | 13.6 | 4.3% |
|
LEN
Lennar Corp
|
$19.89B | -18.7% | -3.5% | 15.4 | 9.1% |
|
NVR
Nvr Inc
|
$15.49B | -19.7% | -1.9% | 16.2 | 6.7% |
|
TOL
Toll Brothers, Inc.
|
$13.62B | +9.3% | +1.1% | 11.9 | 4.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 29, 2026
- This year
- 12
D.R. Horton, Inc. reported fiscal 2026 net income attributable to the company of $2.9 billion, diluted EPS of $10.11 and revenue of $33.0 billion, and increased its quarterly dividend 11% to $0.50 per share.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| DHI | -4.4% | +4.4% | 0.0% | -0.3% | +1.1% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -7.0% | +5.6% | -0.5% | -0.1% | -9.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.