HORTON D R INC /DE/ (DHI) Risk Factors
Consumer DiscretionaryLatest 10-K filed Nov 19, 2025Source: SEC EDGAR
WealthWire extracted and classified 27 risk factors from HORTON D R INC /DE/’s latest SEC filing, mapping each to a standardized risk taxonomy so they can be compared across every company and sector. The breakdown below shows how those disclosures distribute across risk categories.
Financial
9 factorsOperations & people
6 factorsMarket & business
5 factorsESG & reputation
3 factorsLegal & regulatory
3 factorsTechnology
1 factorsRecent key developments
Concrete developments — dated events, named agreements and instruments, legal proceedings — that HORTON D R INC /DE/ surfaced in its latest filing.
- Homebuilding operations utilize a $2.305 billion senior unsecured revolving credit facility with bank commitments of $2.04 billion maturing on December 18, 2029 and $265 million maturing on October 28, 2027
- Forestar increased its revolving credit facility to $665 million by utilizing its accordion feature in October 2025October 2025
- Forestar has a senior unsecured revolving credit facility with bank commitments of $600 million maturing on December 18, 2029 and $65 million maturing on October 28, 2026
- DRH Rental has a $1.05 billion senior unsecured revolving credit facility maturing on October 10, 2027
- DHI Mortgage utilizes a $1.4 billion committed mortgage repurchase facility with maturity date May 6, 2026
- DHI Mortgage also utilizes an uncommitted mortgage repurchase facility, which had a capacity of $500 million at September 30, 2025September 30, 2025
- D.R. Horton, Inc. has a $5.0 billion stock repurchase authorization
- D.R. Horton, Inc. has an automatically effective universal shelf registration statement filed with the SEC in July 2024July 2024
- Forestar has a shelf registration statement filed with the SEC in September 2024, registering $750 million of equity securities, of which $300 million is reserved for sales under its at-the-market equity offering program entered into in November 2024September 2024
- During fiscal 2025, approximately 71% of mortgage loans were sold directly to Fannie Mae, Freddie Mac or into securities backed by Ginnie Mae, and 27% were sold to one other major financial entity2025
- As of September 30, 2025, consolidated debt was $6.0 billion, comprising homebuilding segment debt of $3.2 billion, financial services segment debt of $1.4 billion, Forestar segment debt of $803 million, and rental segment debt of $600 millionSeptember 30, 2025
- Acceleration of $50 million or more of other indebtedness (or $150 million for 5.5% notes due 2035 and 4.85% notes due 2030) not cured within 30 days triggers a default under the homebuilding senior notes indenture
- Acceleration of $40 million or more of Forestar indebtedness (under 2028 notes) or $75 million or more (under 2033 notes) not cured within 30 days triggers a default under the Forestar note indentures
Go deeper on DHI
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