D.R. Horton Reports 25% Profit Drop in Fiscal 2025
D.R. Horton reported a 25% profit drop to $3.6 billion in fiscal 2025 due to affordability constraints and cautious buyers.
- Closings decreased by 5% to 84,863 homes
- Annual revenue reached $34.3 billion
- Pre-tax income totaled $4.7 billion
The company generated $3.4 billion in cash from operations. In the fourth quarter, net income declined 29% to $905 million on $9.7 billion in revenue.
- Home sales revenue decreased 4% to $8.6 billion
- 23,368 homes were closed in the quarter
- Pre-tax margin was 12.4%
For the fiscal year, homebuilding revenue decreased 7% to $31.5 billion, with home closures down 5% and pre-tax income declining 24% to $4.1 billion.
Net sales orders decreased 4% to 83,423 homes, valued at $30.8 billion.
Rental operations generated $170 million in pre-tax income.
Author's summary: D.R. Horton's profit drops 25% due to affordability constraints.
More News
- COP30: agriculture is at the heart of the issues
- Stranger Things 5 trailer shows way more than we were ready for
- Shares of Navan Down 16% In Long-Awaited IPO Debut
- Flau’jae Johnson Shuts Down Governor’s Call for Charlie Kirk Statue at LSU, Social Media Rides With Her
- Frax, IQ Debut First Won-Pegged Stablecoin KRWQ on Coinbase’s Base Network
- Dean Lewis Shares Statement Following Misconduct Allegations
- New exhibition connects art and ecology to a public audience
- Golden Choice To Lead Sales For iHeart/S.F. | Radio & Television Business Report
- NBA approves $10 billion Lakers sale to Mark Walter
- Thunder GM Sam Presti shares gut-wrenching Nikola Topic health news