D.r. Horton, Inc. · NYSE:DHI
D.r. Horton — Q4 2026 Earnings Presentation
7 slides from D.r. Horton's earnings presentation, Oct 29, 2026
Slide 1: Return On Equity
Return On Equity $ in millions Quarter Ended: 09/30/24 12/31/24 03/31/25 06/30/25 09/30/25 12/31/25 03/31/26 06/30/26 09/30/26 Net Income Attributable to D.R. Horton $ 1,283.4 $ 844.9 $ 810.4 $ 1,024.6 $ 905.3 $ 594.8 $ 647.9 $ 904.9 $ 741.8 Stockholders' Equity 25,312.8 24,943.9 24,327.1 24,052.9 2
Slide 2: Homebuilding Return On Inventory
Homebuilding Return On Inventory $ in millions Quarter Ended: 09/30/24 12/31/24 03/31/25 06/30/25 09/30/25 12/31/25 03/31/26 06/30/26 09/30/26 Homebuilding Pre-Tax Income (PTI) $ 1,429.2 $ 1,012.9 $ 935.0 $ 1,186.3 $ 1,000.7 $ 708.1 $ 757.9 $ 1,066.6 $ 891.0 Homebuilding Inventory 20,031.0 20,651.4
Slide 3: Return On Assets
Return On Assets $ in millions Quarter Ended: 09/30/24 12/31/24 03/31/25 06/30/25 09/30/25 12/31/25 03/31/26 06/30/26 09/30/26 Net Income Attributable to D.R. Horton $ 1,283.4 $ 844.9 $ 810.4 $ 1,024.6 $ 905.3 $ 594.8 $ 647.9 $ 904.9 $ 741.8 Consolidated Assets 36,104.3 35,029.7 35,690.0 36,395.9 35
Slide 4: Home Sales Gross Margin
Home Sales Gross Margin $ in millions Quarter Ended: Fiscal Year Ended: 09/30/24 12/31/24 03/31/25 06/30/25 09/30/25 12/31/25 03/31/26 06/30/26 09/30/26 09/30/25 09/30/26 Home Sales Revenues $ 8,929.4 $ 7,146.0 $ 7,180.9 $ 8,561.0 $ 8,544.0 $ 6,512.7 $ 7,045.5 $ 8,681.9 $ 8,377.6 $ 31,432.0 $ 30,617
Slide 5: Sales and Active Selling Communities
Sales and Active Selling Communities CHANGE IN NET SALES ORDERS COMPARED TO CHANGE IN AVERAGE ACTIVE SELLING COMMUNITIES (ASCs)(1) Quarter Ended 12/31/2025 Quarter Ended 3/31/2026 Quarter Ended 6/30/2026 Quarter Ended 9/30/2026 YOY Change SEQ Change YOY Change SEQ Change YOY Change SEQ Change YOY Ch
Slide 6: Price Stratification
Price Stratification Selling Price in thousands; Home Sales Revenues in millions Homes Closed and Home Sales Revenues Quarter Ended: Fiscal Year Ended: December 31, 2025 March 31, 2026 June 30, 2026 September 30, 2026 September 30, 2026 Home Sales Home Sales Home Sales Home Sales Home Sales Homes Cl
Slide 7: Select DHI Mortgage Data
Select DHI Mortgage Data Loan Type / Product Mix (%) Capture Avg CLTV Avg FICO FHA/VA Period FTHB %(2) Conventional FHA VA USDA/ RHS Total Rate(1) %(3) Score Combined FY 26 81% 64% 90% 721 36% 45% 17% 62% 2% 100% Q4 26 80% 63% 90% 722 40% 40% 18% 58% 2% 100% Q3 26 82% 65% 91% 720 35% 45% 18% 63% 2%