D.R. Horton (DHI) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - D.R. Horton reported a revenue of $7.73 billion for the quarter ended March 2025, reflecting a year-over-year decline of 15.1$2.58, down from $3.52 a year ago, missing the Zacks Consensus Estimate of$8.09 billion by 4.40% [1] Financial Performance Metrics - Homes Closed: 19,276, below the analyst average estimate of 20,340 [4] - Net Sales Order - Homes Sold: 22,437, compared to the average estimate of 26,314 [4] - Sales Order Backlog - Homes in Backlog: 14,164, versus the estimated 17,165 [4] - Sales Order Backlog - Value: $5.48 billion, below the average estimate of$6.76 billion [4] - Net Sales Order - Value: $8.36 billion, compared to the estimated$9.94 billion [4] - Revenues from Home Sales - Homebuilding: $7.18 billion, below the average estimate of$7.57 billion, representing a year-over-year change of -15.2% [4] - Revenues from Rental: $236.60 million, below the estimated$286.36 million, reflecting a -36.3% change year-over-year [4] - Revenues from Financial Services: $212.90 million, slightly above the estimated$203.24 million, with a -5.6% change year-over-year [4] - Revenues from Land/Lot Sales and Other - Homebuilding: $22 million, exceeding the estimated$16.37 million, showing a +218.8% change year-over-year [4] - Revenues from Forestar: $351 million, compared to the average estimate of$365.63 million, representing a +5.2% year-over-year change [4] - Revenues from Eliminations and Other: -$269.40 million, better than the estimated -$306.98 million, with a -9.3% year-over-year change [4] Stock Performance - D.R. Horton shares have returned -9.9% over the past month, compared to the Zacks S&P 500 composite's -6.3% change, with a current Zacks Rank of 3 (Hold) indicating potential performance in line with the broader market [3]