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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues $ 2,609,505 $ 2,732,951 $ 7,611,351 $ 7,678,871
Income before taxes 444,073 538,612 1,293,210 1,542,872
Income tax expense (101,385) (109,289) (317,209) (318,376)
Net income $ 342,688 $ 429,323 $ 976,001 $ 1,224,496
Basic earnings per share (USD per share) $ 119.26 $ 139.65 $ 333.86 $ 391.37
Diluted earnings per share (USD per share) $ 112.33 $ 130.50 $ 315.33 $ 367.20
Basic weighted average shares outstanding (in shares) 2,873,501 3,074,230 2,923,371 3,128,709
Diluted weighted average shares outstanding (in shares) 3,050,720 3,289,924 3,095,187 3,334,693
Home Building Segment        
Revenues $ 2,560,343 $ 2,677,640 $ 7,459,055 $ 7,511,708
Other income 22,000 33,746 73,800 110,796
Cost of Product and Service Sold 2,021,398 2,051,087 5,856,756 5,724,916
Selling, general and administrative (142,736) (149,777) (457,023) (443,493)
Interest expense (6,855) (6,855) (20,721) (20,214)
Income before taxes 411,354 503,667 1,198,355 1,433,881
Mortgage Banking        
Revenues 49,162 55,311 152,296 167,163
Interest income 4,881 4,728 13,180 13,492
Other income 1,400 1,414 3,794 3,918
General and administrative (22,397) (26,317) (73,515) (75,026)
Interest expense (327) (191) (900) (556)
Income before taxes $ 32,719 $ 34,945 $ 94,855 $ 108,991