Filing Flows › Horton D R (DHI) › Q4 FY26 › vs Q4 FY25
Horton D R (DHI) Q4 FY26 vs Q4 FY25 (year over year)
Horton D R's revenue fell $306M (-3%) from $9.7B in Q4 FY25 to $9.4B in Q4 FY26. Operating margin 10.8% against 12.4% (-1.6 pts).
Horton D R, Q4 FY26: revenue $9.4B (-3% year over year), operating margin 10.8%, net earnings $742M, operating cash flow $2.6B. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Operating margin | 10.8% | 12.4% | -1.6 pts |
| Net margin | 7.9% | 9.4% | -1.4 pts |
| Free cash flow margin | 27.5% | 25.1% | +2.4 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $9.4B | $9.7B | −$306M | -3% |
| Operating profit | $1.0B | $1.2B | −$190M | -16% |
| Costs & expenses | $8.4B | $8.5B | −$116M | -1% |
| Pre-tax earnings | $1.0B | $1.2B | −$190M | -16% |
| Net earnings | $742M | $905M | −$164M | -18% |
| Minority interests | $17.5M | $11.5M | $6.0M | +52% |
| Income tax | $255M | $288M | −$32.7M | -11% |
| Depreciation & amortization | $31.7M | $27.4M | $4.3M | +16% |
| Share-based compensation | $26.5M | $29.9M | −$3.4M | -11% |
| Working capital & other | $1.8B | $1.5B | $317M | +21% |
| Operating cash flow | $2.6B | $2.5B | $155M | +6% |
| Free cash flow (OCF − capex) | $2.6B | $2.4B | $145M | +6% |
| Capital expenditures | $53.8M | $43.8M | $10.0M | +23% |
Questions
How much did Horton D R's revenue grow year over year in Q4 FY26?
Horton D R's revenue fell $306M (-3%) from $9.7B in Q4 FY25 to $9.4B in Q4 FY26. Operating margin 10.8% against 12.4% (-1.6 pts).