NYSE$DHI

D.R. Horton Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

D.R. Horton reported fiscal Q3 2025 revenues of $9.23B with net income of $1.03B and diluted EPS of $3.36.

Third-quarter homebuilding revenues were $9.23 billion with net income of $1.03 billion and diluted EPS of $3.36. Closings, pricing, and mortgage incentives reflect housing demand and affordability trends.

  • Fiscal Q3 revenues $9.23B.
  • Net income $1.03B; diluted EPS $3.36.
  • Home closings and ASP trends drive homebuilding revenue.
  • Mortgage rates and inventory levels remain macro sensitivities.

Headline financials

Total Revenue

$9.23B

Previous: $9.97B-7.4%
EPS (adj)

$3.36

Previous: $4.10-18.0%
Capital Expenditures

-$93.6M

Previous: -$133M+29.8%
Free Cash Flow

$931M

Previous: $1.22B-23.7%
Net Income

$1.02B

Previous: $1.35B-24.3%
Operating Income

$1.41B

Previous: $1.83B-22.9%
Gross Profit

$2.21B

Previous: $2.64B-16.4%
Cash & Equivalents

$2.61B

Previous: $2.99B-12.6%
Total Assets

$36.4B

Previous: $35.2B+3.5%

Revenue & EPS history

D.R. Horton · Revenue · Quarterly

$9.23B

Q3 2025-7.4%vs Q3 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

D.R. Horton · $896M total across 2 segments · Q3 2023

  • Rental Property Sales
    $667M+508.1%
  • Financial Services
    $229M-10.1%

Forward guidance

The filing discusses D.R. Horton's outlook, capital allocation, and key risks for upcoming periods, including guidance or operating priorities where disclosed.

Tailwinds

  • D.R. Horton cites execution and demand trends supporting the outlook.
  • Liquidity and balance-sheet capacity support operations and returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.3%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+2.4%

Avg return

30 days after

43%

30 / 69 earnings

Positive

+15.3%

Q2 2020

Best reaction

-12.9%

Q3 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-0.2%-1.8%-11.3%
Q1 2026-1.7%-3.5%+5.0%
Q4 2025-3.2%-6.2%-1.3%
Q3 2025-1.0%+1.5%+7.4%
Q2 2025+3.2%+6.3%+7.0%
Q1 2025-0.5%-3.2%-12.8%
Q4 2024-6.1%-7.1%-6.1%
Q3 2024+10.4%+12.1%+13.0%
Q2 2024-2.4%+1.6%+4.0%
Q1 2024-11.7%-10.9%-8.0%
Q4 2023+3.5%+4.2%+15.8%
Q3 2023-0.2%+2.5%-8.2%
Q2 2023+4.6%+6.2%+8.2%
Q1 2023-0.2%+0.9%-3.6%
Q4 2022+14.6%+11.2%+16.5%
Q3 2022+5.9%+2.9%+1.6%
Q2 2022-5.5%-6.2%-1.8%
Q1 2022-1.4%-4.6%-4.5%
Q4 2021+2.5%+5.5%+15.4%
Q3 2021+2.3%+1.8%+3.7%
Q2 2021+5.3%+7.8%-3.0%
Q1 2021-5.5%-2.7%-5.6%
Q4 2020+12.2%+12.8%+7.7%
Q3 2020+0.0%-0.6%+8.9%
Q2 2020+15.3%+10.5%+32.8%
Q1 2020+4.9%+1.2%-3.3%
Q4 2019+3.2%+1.6%+3.2%
Q3 2019+4.4%+6.8%+12.0%
Q2 2019-5.7%-5.1%-4.4%
Q1 2019-5.0%-1.9%+6.6%
Q4 2018-8.5%-7.7%-3.0%
Q3 2018+11.0%+10.5%+13.7%
Q2 2018+0.4%-1.5%-5.1%
Q1 2018-0.9%-7.8%-13.4%
Q4 2017+1.3%+4.9%+11.8%
Q3 2017-2.5%-3.5%-3.3%
Q2 2017-3.2%-3.8%-0.5%
Q1 2017+9.2%+7.7%+7.8%
Q4 2016-6.2%-6.9%+0.4%
Q3 2016-1.3%-1.4%-7.4%
Q2 2016-0.9%
Q1 2016-1.3%
Q4 2015+11.3%
Q3 2015+6.9%
Q2 2015-8.4%
Q1 2015+4.6%
Q4 2014+2.5%
Q3 2014-12.9%
Q2 2014+5.3%
Q1 2014+10.4%
Q4 2013+5.5%
Q3 2013-8.8%
Q2 2013+8.1%
Q1 2013+8.2%
Q4 2012-6.6%
Q3 2012-4.8%
Q2 2012+1.0%
Q1 2012-0.3%
Q4 2011-2.5%
Q4 2010-4.2%
Q3 2011-4.2%
Q2 2011-0.1%
Q1 2010-3.3%
Q1 2011+2.7%
Q4 2008-3.4%
Q2 2010-3.4%
Q3 2009-6.8%
Q3 2010-6.8%
Q4 2009-6.8%

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