D. R. Horton Q1 FY26: where the revenue came from and where it went
The whole income statement of D. R. Horton for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Jan 22, 2026
Revenue$6.89B
−10% year over year
Gross profit$1.60B
23% margin
Operating profit$0.73B
11% margin
Net profit$0.60B
9% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.89 | 100% | −10% |
| Home building ops | 6.51 | 94% | −9% |
| Financial services | 0.19 | 3% | +1% |
| Rental | 0.11 | 2% | −50% |
| Land | 0.08 | 1% | +20% |
| Cost of revenue | −5.29 | 77% | |
| Gross profit | 1.60 | 23% margin | −2pp |
| SG&A | −0.87 | 13% | +1pp |
| Operating profit | 0.73 | 11% margin | +0pp |
| Other income, net | 0.06 | ||
| Tax | −0.20 | ||
| Net profit | 0.60 | 9% margin | −2pp |
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