DHI · 8-K · 20261029PR000119

Net Income and Profitability

HORTON D R INC /DE/ · 2026-10-29 · Importance 41 · Surprise 22 · No source text

Fourth-quarter net income attributable to D.R. Horton fell 18% to $741.8 million, and diluted EPS fell 12% to $2.67. Fiscal 2026 net income attributable to D.R. Horton fell 19% to $2.889 billion, and diluted EPS fell 13% to $10.11. Consolidated pre-tax profit margin was 10.8% in the fourth quarter and 11.8% for fiscal 2026; fiscal-year pre-tax income was $3.906 billion, down from $4.740 billion. Homebuilding fiscal-year pre-tax income declined 17% to $3.424 billion, with an 11.2% pre-tax margin.

Key facts

• Fiscal 2026 net income attributable to D.R. Horton decreased 19% to $2.9 billion, and diluted earnings per share decreased 13% to $10.11. source
• Fiscal 2026 fourth-quarter net income attributable to D.R. Horton decreased 18% to $741.8 million, and diluted earnings per share decreased 12% to $2.67. source
• Fiscal 2026 fourth-quarter consolidated pre-tax income was $1.0 billion on revenues of $9.4 billion, with a pre-tax profit margin of 10.8%. source
• Fiscal 2026 consolidated pre-tax income was $3.9 billion on revenues of $33.0 billion, resulting in an 11.8% pre-tax profit margin. source
• Fiscal 2026 return on equity was 12.2% and return on assets was 8.2%. source
• D.R. Horton's homebuilding return on inventory was 16.6% in fiscal 2026. source

Impact estimates