DHID. R. Horton

Consumer discretionary · Homebuilders · NYSE

D.R. Horton, Inc. is the largest homebuilding company in the United States as measured by number of homes closed. 10-K, Item 1

Employees: 14,341
Headquarters: Arlington, TX
CEO: Paul J. Romanowski
Next results: around Jan 19, 2027

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The biggest changes in the 10-K filed 2025-11-19, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Cash from operations

+56.2% Big change FY to 2025-09-30 vs 2024-09-30

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Net income

-24.6% Big change FY to 2025-09-30 vs 2024-09-30

“Other income decreased 12% to $88.9 million in fiscal 2025 from $101.1 million in the prior year, primarily due to a decrease in interest income on our loan origination volume.”
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Revenue

-6.9% FY to 2025-09-30 vs 2024-09-30

“The decrease in revenues was primarily attributable to a 5% decrease in closings volume, along with a 2% decrease in the average selling price.”
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“As a percentage of homebuilding revenues, SG&A expense was 8.3% and 7.5% in fiscal 2025 and 2024, respectively, with the increase primarily due to the decrease in homebuilding revenues.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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