Description

D.R. Horton: What’s Happening in Land Deals—Inside the “No Distress” Market That’s Shaping Returns!

D.R. Horton’s financial results for the first quarter of fiscal 2026 reflect a mixed performance in a challenging economic environment characterized by affordability constraints and cautious consumer sentiment. D.R. Horton, a leading homebuilder, reported consolidated revenues of $6.9 billion, with a consolidated pretax income of $798 million, translating to a pretax profit margin of 11.6%. The company’s net sales orders increased by 3% year over year, reaching 18,300 homes, although the order value remained stable at $6.7 billion. Despite the rise in sales, D.R. Horton faced some pressure on margins, as indicated by a decline in home sales revenues from $7.1 billion in the previous year to $6.5 billion. This was primarily due to a decreased number of closed homes, which fell from 19,059 to 17,818 homes.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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