Filing Flows › Horton D R (DHI) › Q3 FY26 › vs Q3 FY25
Horton D R (DHI) Q3 FY26 vs Q3 FY25 (year over year)
Horton D R's revenue rose $1.4M (0%) from $9.2B in Q3 FY25 to $9.2B in Q3 FY26. The biggest changes: HomeBuildingOps +$121M (+1%); Rental −$115M (-30%); Financial Services −$7.1M (-3%). Operating margin 13.3% against 14.7% (-1.4 pts).
Horton D R, Q3 FY26: revenue $9.2B (0% year over year), operating margin 13.3%, net earnings $905M, operating cash flow $439M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 13.3% | 14.7% | -1.4 pts |
| Net margin | 9.8% | 11.1% | -1.3 pts |
| Free cash flow margin | 4.3% | 7.5% | -3.2 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| HomeBuildingOps | $8.7B | $8.6B | $121M | +1% |
| Rental | $266M | $381M | −$115M | -30% |
| Financial Services | $221M | $228M | −$7.1M | -3% |
| Land | $58.4M | $56.2M | $2.2M | +4% |
| Revenue | $9.2B | $9.2B | $1.4M | 0% |
| Operating profit | $1.2B | $1.4B | −$132M | -10% |
| Costs & expenses | $8.0B | $7.9B | $133M | +2% |
| Pre-tax earnings | $1.2B | $1.4B | −$132M | -10% |
| Net earnings | $905M | $1.0B | −$120M | -12% |
| Minority interests | $13.8M | $8.5M | $5.3M | +62% |
| Income tax | $308M | $325M | −$17.5M | -5% |
| Depreciation & amortization | $29.0M | $25.2M | $3.8M | +15% |
| Share-based compensation | $31.5M | $25.9M | $5.6M | +22% |
| Working capital & other | $526M | $337M | $189M | +56% |
| Operating cash flow | $439M | $739M | −$299M | -41% |
| Free cash flow (OCF − capex) | $397M | $693M | −$295M | -43% |
| Capital expenditures | $42.0M | $46.0M | −$4.0M | -9% |
Questions
How much did Horton D R's revenue grow year over year in Q3 FY26?
Horton D R's revenue rose $1.4M (0%) from $9.2B in Q3 FY25 to $9.2B in Q3 FY26.
What drove Horton D R's revenue change in Q3 FY26?
HomeBuildingOps +$121M (+1%); Rental −$115M (-30%); Financial Services −$7.1M (-3%).