Filing Flows › Horton D R (DHI) › How it makes money
How Horton D R (DHI) makes money
Horton D R (DHI) made $9.4B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), -3% from a year earlier. Of every dollar of revenue, 11¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $9.4B | 100.0% |
| Operating profit | $1.0B | 10.8% |
| Income tax | $255M | 2.7% |
| Net earnings | $742M | 7.9% |
| Operating cash flow | $2.6B | 28.0% |
| Free cash flow | $2.6B | 27.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $9.4B | -3% |
| Q3 FY26 | $9.2B | 0% |
| Q2 FY26 | $7.6B | -2% |
| Q1 FY26 | $6.9B | -10% |
| Q4 FY25 | $9.7B | -3% |
| Q3 FY25 | $9.2B | -7% |
| Q2 FY25 | $7.7B | -15% |
From Horton D R's 8-K filed Oct 29, 2026 (on EDGAR).
Questions
How does Horton D R make money?
Horton D R (DHI) made $9.4B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), -3% from a year earlier. Of every dollar of revenue, 11¢ was left as operating profit, 8¢ was left as net earnings.
What is Horton D R's profit margin?
Net earnings were $742M, 7.9% of revenue, in the fourth quarter fiscal 2026; the operating margin was 10.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.