D. R. HortonDHIEarnings & Financial Report
D.R. Horton, Inc. is an American home construction company based in Arlington, Texas. Since 2002, the company has been the largest homebuilder by volume in the United States. The company ranked number 120 on the 2024 Fortune 500 list of the largest United States corporations by revenue. The company operates in 125 markets across 36 states.
DHI Q2 FY2026 Key Financial Metrics
Revenue
$7.6B
Gross Profit
$1.7B
Operating Profit
N/A
Net Profit
$658.0M
Gross Margin
22.5%
Operating Margin
N/A
Net Margin
8.7%
YoY Growth
-2.3%
EPS
$2.24
D. R. Horton Q2 FY2026 Financial Summary
D. R. Horton reported revenue of $7.6B (down 2.3% YoY) for Q2 FY2026, with a net profit of $658.0M (down 47.9% YoY) (8.7% margin). Cost of goods sold was $5.9B.
Key Financial Metrics
| Total Revenue | $7.6B |
|---|---|
| Net Profit | $658.0M |
| Gross Margin | 22.5% |
| Operating Margin | N/A |
| Report Period | Q2 FY2026 |
D. R. Horton Annual Revenue by Year
D. R. Horton annual revenue history includes year-by-year totals (for example, 2025 revenue was $34.3B).
D. R. Horton Quarterly Revenue & Net Profit History
D. R. Horton results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $7.6B | -2.3% | $658.0M | 8.7% |
| Q1 FY2026 | $6.9B | -9.5% | $594.8M | 8.6% |
| Q4 FY2025 | $9.7B | -3.2% | $905.3M | 9.4% |
| Q3 FY2025 | $9.2B | -7.4% | $1.0B | 11.1% |
| Q2 FY2025 | $7.7B | -15.1% | $810.4M | 10.5% |
| Q1 FY2025 | $7.6B | -1.5% | $844.9M | 11.1% |
| Q4 FY2024 | $10.0B | -4.8% | $1.3B | 12.8% |
| Q3 FY2024 | $10.0B | +2.5% | $1.4B | 13.6% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.97B | $10.00B | $7.61B | $7.73B | $9.23B | $9.68B | $6.89B | $7.56B |
| YoY Growth | 2.5% | -4.8% | -1.5% | -15.1% | -7.4% | -3.2% | -9.5% | -2.3% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $35.15B | $36.10B | $35.03B | $35.69B | $36.40B | $35.47B | $34.64B | $35.57B |
| Liabilities | $10.00B | $10.28B | $9.57B | $10.83B | $11.80B | $10.73B | $10.08B | $11.37B |
| Equity | $24.66B | $25.31B | $24.94B | $24.33B | $24.05B | $24.19B | $24.00B | $23.63B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $698.3M | $1.96B | $646.7M | $-436.2M | $738.6M | $2.47B | $854.0M | $441.5M |