D.r. Horton, Inc. · NYSE:DHI
D.r. Horton — Q2 2025 Earnings Presentation
7 slides from D.r. Horton's earnings presentation, 2025
Slide 1: Homebuilding Return On Inventory
Homebuilding Return On Inventory $ in millions Quarter Ended: 03/31/23 06/30/23 09/30/23 12/31/23 03/31/24 06/30/24 09/30/24 12/31/24 03/31/25 Homebuilding Pre-Tax Income (PTI) $ 1,067.9 $ 1,464.4 $ 1,639.7 $ 1,096.1 $ 1,357.6 $ 1,572.2 $ 1,429.2 $ 1,012.9 $ 935.0 Homebuilding Inventory 17,571.1 17,
Slide 2: Return On Equity
Return On Equity $ in millions Quarter Ended: 03/31/23 06/30/23 09/30/23 12/31/23 03/31/24 06/30/24 09/30/24 12/31/24 03/31/25 Net Income Attributable to D.R. Horton $ 942.2 $ 1,335.1 $ 1,509.7 $ 947.4 $ 1,172.1 $ 1,353.6 $ 1,283.4 $ 844.9 $ 810.4 Stockholders' Equity 20,712.7 21,656.4 22,696.2 23,1
Slide 3: Return On Assets
Return On Assets $ in millions Quarter Ended: 03/31/23 06/30/23 09/30/23 12/31/23 03/31/24 06/30/24 09/30/24 12/31/24 03/31/25 Net Income Attributable to D.R. Horton $ 942.2 $ 1,335.1 $ 1,509.7 $ 947.4 $ 1,172.1 $ 1,353.6 $ 1,283.4 $ 844.9 $ 810.4 Consolidated Assets 31,170.8 32,323.1 32,582.4 33,38
Slide 4: Home Sales Gross Margin
Home Sales Gross Margin $ in millions Quarter Ended: Fiscal Year Ended: 03/31/23 06/30/23 09/30/23 12/31/23 03/31/24 06/30/24 09/30/24 12/31/24 03/31/25 09/30/23 09/30/24 Home Sales Revenues $ 7,449.7 $ 8,703.1 $ 8,779.0 $ 7,276.4 $ 8,466.7 $ 9,231.2 $ 8,929.4 $ 7,146.0 $ 7,180.9 $ 31,641.0 $ 33,903
Slide 5: Sales and Active Selling Communities
Sales and Active Selling Communities CHANGE IN NET SALES ORDERS COMPARED TO CHANGE IN AVERAGE ACTIVE SELLING COMMUNITIES (ASCs) (1) Quarter Ended 6/30/2024 Quarter Ended 9/30/2024 Quarter Ended 12/31/2024 Quarter Ended 3/31/2025 YOY Change SEQ Change YOY Change SEQ Change YOY Change SEQ Change YOY C
Slide 6: Price Stratification
Price Stratification $ in millions Homes Closed and Home Sales Revenues Quarter Ended: June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 Home Sales Home Sales Home Sales Home Sales Homes Closed Homes Closed Homes Closed Homes Closed Selling Price(1) Revenues Revenues Revenues Revenue
Slide 7: Select DHI Mortgage Data
Select DHI Mortgage Data Loan Type / Product Mix (%) Capture Avg CLTV Avg FICO FHA/VA Period FTHB %(2) Conventional FHA VA USDA/ RHS Total Rate(1) %(3) Score Combined Q2 25 81% 63% 89% 723 36% 44% 18% 62% 2% 100% Q1 25 79% 60% 89% 724 36% 45% 17% 62% 2% 100% FY 24 78% 58% 88% 724 41% 42% 16% 58% 1%