Back to top

Image: Bigstock

Compared to Estimates, D.R. Horton (DHI) Q4 Earnings: A Look at Key Metrics

Read MoreHide Full Article

D.R. Horton (DHI - Free Report) reported $9.68 billion in revenue for the quarter ended September 2025, representing a year-over-year decline of 3.3%. EPS of $3.04 for the same period compares to $3.92 a year ago.

The reported revenue represents a surprise of +2.38% over the Zacks Consensus Estimate of $9.45 billion. With the consensus EPS estimate being $3.29, the EPS surprise was -7.6%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how D.R. Horton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Homes Closed: 23,368 compared to the 23,800 average estimate based on 14 analysts.
  • Net sales order - Homes sold: 20,078 versus the 14-analyst average estimate of 20,100.
  • Sales order backlog - Homes in backlog: 10,785 compared to the 10,398 average estimate based on 13 analysts.
  • Sales order backlog - Value: $4.12 billion versus $4.01 billion estimated by 11 analysts on average.
  • Net sales order - Value: $7.33 billion versus the nine-analyst average estimate of $7.35 billion.
  • Revenues- Home sales- Homebuilding: $8.54 billion versus $8.71 billion estimated by 14 analysts on average. Compared to the year-ago quarter, this number represents a -4.3% change.
  • Revenues- Rental: $805.4 million versus the 14-analyst average estimate of $400.82 million. The reported number represents a year-over-year change of +14.3%.
  • Revenues- Financial Services: $218.3 million compared to the $228.18 million average estimate based on 14 analysts. The reported number represents a change of -1.7% year over year.
  • Revenues- Homebuilding: $8.56 billion compared to the $8.76 billion average estimate based on 11 analysts. The reported number represents a change of -4.3% year over year.
  • Revenues- Land/lot sales and other- Homebuilding: $20.4 million compared to the $21.92 million average estimate based on 10 analysts. The reported number represents a change of -1.5% year over year.
  • Revenues- Forestar: $670.5 million compared to the $514.03 million average estimate based on five analysts. The reported number represents a change of +21.6% year over year.
  • Revenues- Eliminations and Other: $-580.8 million versus the three-analyst average estimate of $-454.55 million. The reported number represents a year-over-year change of +36.4%.

View all Key Company Metrics for D.R. Horton here>>>

Shares of D.R. Horton have returned -6.5% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


D.R. Horton, Inc. (DHI) - free report >>

Published in