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D.R. Horton, Inc.(DHI)Earnings, Financials & Key Ratios
DHI•NYSE
$146.47
$42.43B mkt cap·12.7× P/E·Price updated May 6, 2026
AboutD.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes. The company constructs and sells single-family detached homes; and attached homes, such as town homes, duplexes, and triplexes. It also provides mortgage financing services; and title insurance policies, and examination and closing services, as well as engages in the residential lot development business. In addition, the company develops, constructs, owns, leases, and sells multi-family and single-family rental properties; owns non-residential real estate, including ranch land and improvements; and owns and operates energy related assets. It primarily serves homebuyers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Arlington, Texas.Show more
- Revenue$34.25B-6.9%
- EBITDA$4.53B-27.0%
- Net Income$3.59B-24.6%
- EPS (Diluted)11.57-19.3%
- Gross Margin23.7%-8.5%
- EBITDA Margin13.21%-21.6%
- Operating Margin12.92%-22.2%
- Net Margin10.47%-19.0%
- ROE14.18%-27.0%
- ROIC12.05%-32.1%
- Debt/Equity0.24+5.4%
DHI Key Insights
D.R. Horton, Inc. (DHI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓11 consecutive years of dividend growth
- ✓Strong 5Y sales CAGR of 11.0%
- ✓Good 3Y average ROE of 18.6%
- ✓Share count reduced 6.5% through buybacks
- ✓Healthy 5Y average net margin of 13.9%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DHI Price & Volume
D.R. Horton, Inc. (DHI) stock price & volume — 10-year historical chart
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DHI Growth Metrics
D.R. Horton, Inc. (DHI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.21%
5 Years11.02%
3 Years0.76%
TTM-5.57%
Profit CAGR
10 Years16.92%
5 Years8.6%
3 Years-15.09%
TTM-26.09%
EPS CAGR
10 Years19.01%
5 Years12.54%
3 Years-11.18%
TTM-19.23%
Return on Capital
10 Years18.82%
5 Years22.19%
3 Years17.77%
Last Year13.09%
DHI Recent Earnings
D.R. Horton, Inc. (DHI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 21, 2026EPS
$2.24
Est $2.15
+4.2%
Revenue
$7.6B
Est $7.5B
+0.1%
Q1 2026
Jan 20, 2026EPS
$2.03
Est $1.93
+5.2%
Revenue
$6.9B
Est $6.6B
+4.6%
Q4 2025
Oct 28, 2025EPS
$3.04
Est $3.27
-7.0%
Revenue
$9.7B
Est $9.4B
+2.8%
Q3 2025
Jul 22, 2025EPS
$3.36
Est $2.94
+14.3%
Revenue
$9.2B
Est $8.8B
+5.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $2.24vs $2.15+4.2% | $7.6Bvs $7.5B+0.1% |
| Q1 2026 | Jan 20, 2026 | $2.03vs $1.93+5.2% | $6.9Bvs $6.6B+4.6% |
| Q4 2025 | Oct 28, 2025 | $3.04vs $3.27-7.0% | $9.7Bvs $9.4B+2.8% |
| Q3 2025 | Jul 22, 2025 | $3.36vs $2.94+14.3% | $9.2Bvs $8.8B+5.1% |
Based on last 12 quarters of dataView full earnings history →
DHI Peer Comparison
D.R. Horton, Inc. (DHI) competitors in Public single-family homebuilders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 LEN | 18.6B | 86.20 | 10.80 | -3.64% | 6.09% | 9.19% | 0.15% | 0.29 |
 PHM | 22.67B | 117.97 | 10.61 | -3.54% | 12.14% | 15.92% | 7.71% | 0.19 |
 NVR | 16.71B | 6013.26 | 13.77 | -2.08% | 13.17% | 34.29% | 6.57% | 0.31 |
 TOL | 13.01B | 137.28 | 10.18 | 1.11% | 12.28% | 16.25% | 7.89% | 0.35 |
 MHO | 3.31B | 128.48 | 8.72 | -1.93% | 8.24% | 11.42% | 3.65% | 0.34 |
 SKY | 4.03B | 72.92 | 21.32 | 22.65% | 8.1% | 13.41% | 4.72% | 0.08 |
 KBH | 3.06B | 48.42 | 7.87 | -10.01% | 6.88% | 10.8% | 9.49% | 0.44 |
 TPH | 3.99B | 46.83 | 17.22 | -22.75% | 5.65% | 5.56% | 3.22% | 0.39 |
Compare DHI vs Peers
D.R. Horton, Inc. (DHI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DHI Income Statement
D.R. Horton, Inc. (DHI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 14.09B | 16.07B | 17.59B | 20.31B | 27.77B | 33.48B | 35.46B | 36.8B | 34.25B | 33.35B |
| Revenue Growth % | 15.9% | 14.03% | 9.49% | 15.45% | 36.74% | 20.54% | 5.92% | 3.78% | -6.93% | -5.57% |
| Cost of Goods Sold | 11.04B | 12.4B | 13.72B | 15.37B | 19.9B | 22.98B | 26.11B | 27.27B | 26.13B | 25.74B |
| COGS % of Revenue | 78.37% | 77.16% | 77.99% | 75.69% | 71.65% | 68.63% | 73.63% | 74.09% | 76.3% | - |
| Gross Profit | 3.05B▲ 0% | 3.67B▲ 20.4% | 3.87B▲ 5.5% | 4.94B▲ 27.5% | 7.88B▲ 59.5% | 10.5B▲ 33.4% | 9.35B▼ 11.0% | 9.54B▲ 2.0% | 8.12B▼ 14.9% | 7.6B▲ 0% |
| Gross Margin % | 21.63% | 22.84% | 22.01% | 24.31% | 28.35% | 31.37% | 26.37% | 25.91% | 23.7% | 22.8% |
| Gross Profit Growth % | 14.82% | 20.4% | 5.51% | 27.53% | 59.48% | 33.39% | -10.98% | 1.98% | -14.88% | - |
| Operating Expenses | 1.38B | 1.63B | 1.82B | 1.98B | 2.48B | 2.8B | 3.11B | 3.42B | 3.69B | 3.68B |
| OpEx % of Revenue | 9.82% | 10.14% | 10.33% | 9.77% | 8.94% | 8.35% | 8.77% | 9.3% | 10.78% | - |
| Selling, General & Admin | 1.38B | 1.63B | 1.82B | 1.98B | 2.48B | 2.8B | 3.11B | 3.42B | 3.69B | 3.68B |
| SG&A % of Revenue | 9.82% | 10.14% | 10.33% | 9.77% | 8.94% | 8.35% | 8.77% | 9.3% | 10.78% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.66B▲ 0% | 2.04B▲ 22.6% | 2.05B▲ 0.7% | 2.95B▲ 43.8% | 5.39B▲ 82.5% | 7.71B▲ 43.0% | 6.24B▼ 19.0% | 6.11B▼ 2.0% | 4.42B▼ 27.6% | 3.92B▲ 0% |
| Operating Margin % | 11.81% | 12.7% | 11.68% | 14.55% | 19.41% | 23.02% | 17.6% | 16.61% | 12.92% | 11.76% |
| Operating Income Growth % | 20.25% | 22.59% | 0.71% | 43.79% | 82.47% | 42.98% | -19.03% | -2.04% | -27.64% | - |
| EBITDA | 1.72B | 2.1B | 2.13B | 3.03B | 5.47B | 7.79B | 6.33B | 6.2B | 4.53B | 4.03B |
| EBITDA Margin % | 12.2% | 13.09% | 12.09% | 14.94% | 19.68% | 23.27% | 17.86% | 16.85% | 13.21% | 12.08% |
| EBITDA Growth % | 18.96% | 22.32% | 1.14% | 42.7% | 80.08% | 42.54% | -18.7% | -2.08% | -27.02% | -27.41% |
| D&A (Non-Cash Add-back) | 54.7M | 62.4M | 72M | 80.4M | 73.9M | 81.4M | 91.6M | 87.1M | 101.3M | 108.4M |
| EBIT | 1.6B | 2.06B | 2.13B | 2.98B | 5.36B | 7.63B | 6.31B | 6.28B | 4.74B | 4.03B |
| Net Interest Income | 14.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -91.3M |
| Interest Income | 14.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 91.3M |
| Other Income/Expense | -62.3M | 19.6M | 70.5M | 28.5M | -34.9M | -78.7M | 73.4M | 170.8M | 315.7M | 308.2M |
| Pretax Income | 1.6B▲ 0% | 2.06B▲ 28.6% | 2.13B▲ 3.2% | 2.98B▲ 40.4% | 5.36B▲ 79.6% | 7.63B▲ 42.4% | 6.31B▼ 17.2% | 6.28B▼ 0.5% | 4.74B▼ 24.6% | 4.23B▲ 0% |
| Pretax Margin % | 11.37% | 12.82% | 12.08% | 14.69% | 19.29% | 22.79% | 17.81% | 17.08% | 13.84% | 12.68% |
| Income Tax | 563.7M | 597.7M | 506.7M | 602.5M | 1.17B | 1.73B | 1.52B | 1.48B | 1.12B | 1.03B |
| Effective Tax Rate % | 35.19% | 29.01% | 23.84% | 20.2% | 21.75% | 22.73% | 24.06% | 23.53% | 23.61% | 24.26% |
| Net Income | 1.04B▲ 0% | 1.46B▲ 40.6% | 1.62B▲ 10.8% | 2.37B▲ 46.7% | 4.18B▲ 75.9% | 5.86B▲ 40.3% | 4.75B▼ 19.0% | 4.76B▲ 0.2% | 3.59B▼ 24.6% | 3.17B▲ 0% |
| Net Margin % | 7.37% | 9.09% | 9.2% | 11.69% | 15.03% | 17.5% | 13.38% | 12.92% | 10.47% | 9.51% |
| Net Income Growth % | 17.16% | 40.63% | 10.83% | 46.66% | 75.92% | 40.27% | -18.98% | 0.23% | -24.62% | -26.09% |
| Net Income (Continuing) | 1.04B | 1.46B | 1.62B | 2.38B | 4.19B | 5.9B | 4.8B | 4.81B | 3.62B | 3.2B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 500K | 174.5M | 274.2M | 281.5M | 329.7M | 389.3M | 441.7M | 511.6M | 551.8M | 573.2M |
| EPS (Diluted) | 2.74▲ 0% | 3.81▲ 39.1% | 4.29▲ 12.6% | 6.41▲ 49.4% | 11.42▲ 78.2% | 16.51▲ 44.6% | 13.82▼ 16.3% | 14.34▲ 3.8% | 11.57▼ 19.3% | 10.98▲ 0% |
| EPS Growth % | 16.1% | 39.05% | 12.6% | 49.42% | 78.16% | 44.57% | -16.29% | 3.76% | -19.32% | -19.23% |
| EPS (Basic) | 2.77 | 3.88 | 4.34 | 6.49 | 11.56 | 16.65 | 13.93 | 14.44 | 11.62 | - |
| Diluted Shares Outstanding | 378.9M | 383.4M | 377.4M | 370.2M | 365.8M | 354.8M | 343.3M | 331.6M | 309.9M | 289M |
| Basic Shares Outstanding | 374.3M | 376.6M | 372.6M | 365.5M | 361.1M | 351.7M | 340.7M | 329.5M | 308.5M | 287.9M |
| Dividend Payout Ratio | 14.41% | 12.9% | 13.8% | 10.78% | 6.93% | 5.4% | 7.19% | 8.31% | 13.8% | - |
DHI Balance Sheet
D.R. Horton, Inc. (DHI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 11.33B | 13.32B | 14.7B | 17.8B | 23.2B | 28.8B | 31.17B | 34.75B | 34.14B | 32.96B |
| Cash & Short-Term Investments | 1.01B | 1.47B | 1.49B | 3.02B | 3.21B | 2.54B | 3.87B | 4.52B | 2.99B | 1.92B |
| Cash Only | 1.01B | 1.47B | 1.49B | 3.02B | 3.21B | 2.54B | 3.87B | 4.52B | 2.99B | 1.92B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 134.4M | 136.3M | 218M | 271.4M | 321.7M | 423.1M | 426.9M | 421.4M | 458.9M | 0 |
| Days Sales Outstanding | 3.48 | 3.1 | 4.52 | 4.88 | 4.23 | 4.61 | 4.39 | 4.18 | 4.89 | 2.4 |
| Inventory | 9.24B | 10.39B | 11.28B | 12.24B | 16.48B | 21.66B | 22.37B | 24.9B | 25.29B | 26.3B |
| Days Inventory Outstanding | 305.32 | 306.03 | 300.12 | 290.55 | 302.27 | 344.03 | 312.76 | 333.37 | 353.17 | 368.35 |
| Other Current Assets | 916M | 1.27B | 1.65B | 2.22B | 3.13B | 4.1B | 4.41B | 4.79B | 5.28B | 4.74B |
| Total Non-Current Assets | 858.5M | 798.8M | 911.4M | 1.12B | 819.2M | 1.55B | 1.41B | 1.36B | 1.33B | 2.61B |
| Property, Plant & Equipment | 52M | 39.2M | 56.9M | 104.4M | 114.6M | 144.4M | 64.6M | 70M | 85.9M | 593.1M |
| Fixed Asset Turnover | 270.98x | 409.90x | 309.19x | 194.55x | 242.36x | 231.86x | 548.92x | 525.73x | 398.72x | 101.72x |
| Goodwill | 80M | 109.2M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M |
| Intangible Assets | 0 | 0 | 0 | 17.1M | 4.1M | 10.6M | 11.1M | 5.9M | 27.1M | 0 |
| Long-Term Investments | 650.4M | 11M | 6.5M | 1.8B | 2.05B | 2.76B | 2.68B | 2.6B | 2.66B | 5.54B |
| Other Non-Current Assets | -288.9M | 445.4M | 521.4M | -1.12B | -1.66B | -1.67B | -1.69B | -1.64B | -1.65B | 2.19B |
| Total Assets | 12.18B▲ 0% | 14.11B▲ 15.8% | 15.61B▲ 10.6% | 18.91B▲ 21.2% | 24.02B▲ 27.0% | 30.35B▲ 26.4% | 32.58B▲ 7.4% | 36.1B▲ 10.8% | 35.47B▼ 1.8% | 35.57B▲ 0% |
| Asset Turnover | 1.16x | 1.14x | 1.13x | 1.07x | 1.16x | 1.10x | 1.09x | 1.02x | 0.97x | 0.94x |
| Asset Growth % | 5.41% | 15.84% | 10.57% | 21.18% | 26.99% | 26.38% | 7.35% | 10.81% | -1.75% | 0.33% |
| Total Current Liabilities | 723.9M | 851.6M | 853M | 1.21B | 1.8B | 2.19B | 2.08B | 2.04B | 1.96B | 4.8B |
| Accounts Payable | 580.4M | 624.7M | 634M | 900.5M | 1.18B | 1.36B | 1.25B | 1.35B | 1.22B | 1.32B |
| Days Payables Outstanding | 19.18 | 18.39 | 16.87 | 21.38 | 21.59 | 21.61 | 17.42 | 18.01 | 17.07 | 17.58 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 51.8M | 58.1M | 57.7M | 93.1M | 193.4M | 224.2M | 147.1M | 99.7M | 81.5M | 188.1M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.4M |
| Current Ratio | 15.65x | 15.64x | 17.23x | 14.71x | 12.87x | 13.13x | 14.96x | 17.06x | 17.39x | 17.39x |
| Quick Ratio | 2.89x | 3.43x | 4.00x | 4.60x | 3.73x | 3.26x | 4.22x | 4.83x | 4.51x | 4.51x |
| Cash Conversion Cycle | 289.61 | 290.73 | 287.78 | 274.04 | 284.91 | 327.03 | 299.74 | 319.54 | 341 | 353.17 |
| Total Non-Current Liabilities | 3.71B | 4.1B | 4.46B | 5.58B | 7B | 8.37B | 7.36B | 8.24B | 8.77B | 6.56B |
| Long-Term Debt | 2.87B | 3.2B | 3.4B | 4.28B | 5.41B | 6.07B | 5.09B | 5.92B | 5.97B | 6.56B |
| Capital Lease Obligations | 0 | 0 | 0 | 37M | 37M | 47.9M | 48.1M | 53.3M | 65.6M | 118.7M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 789.7M | 862.6M | 1B | 1.17B | 1.55B | 2.26B | 2.22B | 2.27B | 2.73B | 5.1B |
| Total Liabilities | 4.44B | 4.96B | 5.31B | 6.79B | 8.8B | 10.57B | 9.44B | 10.28B | 10.73B | 11.37B |
| Total Debt | 2.87B | 3.2B | 3.4B | 4.32B | 5.45B | 6.11B | 5.14B | 5.97B | 6.03B | 6.56B |
| Net Debt | 1.86B | 1.73B | 1.91B | 1.3B | 2.24B | 3.57B | 1.27B | 1.45B | 3.05B | 4.65B |
| Debt / Equity | 0.37x | 0.35x | 0.33x | 0.36x | 0.36x | 0.31x | 0.22x | 0.23x | 0.24x | 0.24x |
| Debt / EBITDA | 1.67x | 1.52x | 1.60x | 1.42x | 1.00x | 0.78x | 0.81x | 0.96x | 1.33x | 1.63x |
| Net Debt / EBITDA | 1.08x | 0.82x | 0.90x | 0.43x | 0.41x | 0.46x | 0.20x | 0.23x | 0.67x | 0.67x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | 44.09x |
| Total Equity | 7.75B▲ 0% | 9.16B▲ 18.2% | 10.3B▲ 12.4% | 12.12B▲ 17.7% | 15.22B▲ 25.5% | 19.79B▲ 30.0% | 23.14B▲ 16.9% | 25.82B▲ 11.6% | 24.74B▼ 4.2% | 24.2B▲ 0% |
| Equity Growth % | 14.05% | 18.22% | 12.41% | 17.74% | 25.53% | 30.03% | 16.94% | 11.61% | -4.19% | -12.63% |
| Book Value per Share | 20.45 | 23.89 | 27.28 | 32.74 | 41.60 | 55.77 | 67.40 | 77.88 | 79.84 | 83.73 |
| Total Shareholders' Equity | 7.75B | 8.98B | 10.02B | 11.84B | 14.89B | 19.4B | 22.7B | 25.31B | 24.19B | 23.63B |
| Common Stock | 3.8M | 3.9M | 3.9M | 3.9M | 4M | 4M | 4M | 4M | 4M | 4M |
| Retained Earnings | 4.95B | 6.22B | 7.64B | 9.76B | 13.64B | 19.19B | 23.59B | 27.95B | 31.04B | 32.02B |
| Treasury Stock | -194.9M | -322.4M | -802.2M | -1.16B | -2.04B | -3.14B | -4.33B | -6.13B | -10.43B | -12B |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 500K | 174.5M | 274.2M | 281.5M | 329.7M | 389.3M | 441.7M | 511.6M | 551.8M | 573.2M |
DHI Cash Flow Statement
D.R. Horton, Inc. (DHI) cash flow — operating, investing & free cash flow history
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 435.1M | 545.2M | 892.1M | 1.42B | 534.4M | 561.8M | 4.3B | 2.19B | 3.42B | 3.42B |
| Operating CF Margin % | 3.09% | 3.39% | 5.07% | 7% | 1.92% | 1.68% | 12.14% | 5.95% | 9.99% | - |
| Operating CF Growth % | -29.6% | 25.3% | 63.63% | 59.35% | -62.41% | 5.13% | 666.13% | -49.12% | 56.22% | 69.27% |
| Net Income | 1.04B | 1.46B | 1.62B | 2.38B | 4.19B | 5.9B | 4.8B | 4.76B | 3.59B | 3.17B |
| Depreciation & Amortization | 54.7M | 62.4M | 72M | 80.4M | 73.9M | 81.4M | 91.6M | 87.1M | 101.3M | 108.4M |
| Stock-Based Compensation | 59.2M | 55.8M | 73.2M | 77.8M | 91.4M | 105.1M | 111.2M | 118.1M | 131M | 76M |
| Deferred Taxes | 110.8M | 170.9M | 20.1M | 14.1M | -10M | 29.1M | -45.9M | 19M | 123.2M | 83.2M |
| Other Non-Cash Items | 30.9M | 40.7M | 11M | -26.2M | 39.9M | 70.4M | 80.3M | 128.4M | 193.8M | 230.7M |
| Working Capital Changes | -858.9M | -1.25B | -902.8M | -1.1B | -3.85B | -5.62B | -728.3M | -2.92B | -713.6M | -35.7M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | -131.6M | 0 | 0 | -114.3M |
| Change in Inventory | -946.7M | -1.06B | -591.8M | -1.06B | -3.76B | -5.18B | -516.4M | 78.8M | 158.1M | 128.1M |
| Change in Payables | 83.9M | 129.1M | 126.2M | 566.2M | 845.1M | 1.04B | -101.8M | 19.6M | 83.7M | 213.5M |
| Cash from Investing | -171M | 2.6M | -394M | -166.1M | -252.2M | -414.9M | -310.2M | -190.6M | -168.7M | -234.6M |
| Capital Expenditures | -157.3M | -68.1M | -224.1M | -286.8M | -267.4M | -148.2M | -148.6M | -165.3M | 0 | -154.4M |
| CapEx % of Revenue | 1.12% | 0.42% | 1.27% | 1.41% | 0.96% | 0.44% | 0.42% | 0.45% | 0.4% | - |
| Acquisitions | -4.1M | -141.7M | -311.4M | -5.4M | -24.5M | -271.5M | -212.9M | -40.4M | -53.1M | -65M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -7M | 495.9M | 141.5M | 126.1M | 39.7M | 4.8M | 51.3M | 15.1M | -115.6M | -15.2M |
| Cash from Financing | -559.5M | -82.5M | -490.1M | 270.6M | -85.1M | -811.2M | -2.67B | -1.36B | -4.76B | -3.96B |
| Debt Issued (Net) | -410.3M | 199.5M | 93.3M | 906.9M | 1.08B | 572.5M | -1.06B | 894.7M | 750.6M | 7.3M |
| Equity Issued (Net) | -65.7M | -137.8M | -499.5M | -398.6M | -926.9M | -1.19B | -1.23B | -1.85B | -4.28B | -3.46B |
| Dividends Paid | -149.6M | -188.4M | -223.4M | -256M | -289.3M | -316.5M | -341.2M | -395.2M | -494.8M | -502M |
| Share Repurchases | -65.7M | -137.8M | -499.5M | -398.6M | -926.9M | -1.19B | -1.23B | -1.79B | -4.28B | -3.47B |
| Other Financing | 66.1M | 44.2M | 139.5M | 18.3M | 53.8M | 126.3M | -29.3M | -3.1M | -737.1M | -3M |
| Net Change in Cash | -295.4M▲ 0% | 465.3M▲ 257.5% | 8M▼ 98.3% | 1.53B▲ 18976.3% | 197.1M▼ 87.1% | -664.3M▼ 437.0% | 1.33B▲ 299.8% | 643.9M▼ 51.5% | -1.51B▼ 334.6% | -543.9M▲ 0% |
| Free Cash Flow | 277.8M▲ 0% | 477.1M▲ 71.7% | 668M▲ 40.0% | 1.13B▲ 69.9% | 267M▼ 76.5% | 413.6M▲ 54.9% | 4.16B▲ 904.7% | 2.02B▼ 51.3% | 3.28B▲ 62.2% | 3.5B▲ 0% |
| FCF Margin % | 1.97% | 2.97% | 3.8% | 5.59% | 0.96% | 1.24% | 11.72% | 5.5% | 9.59% | 10.49% |
| FCF Growth % | -47.77% | 71.74% | 40.01% | 69.88% | -76.47% | 54.91% | 904.71% | -51.28% | 62.19% | 28.17% |
| FCF per Share | 0.73 | 1.24 | 1.77 | 3.07 | 0.73 | 1.17 | 12.10 | 6.11 | 10.60 | 10.60 |
| FCF Conversion (FCF/Net Income) | 0.42x | 0.37x | 0.55x | 0.60x | 0.13x | 0.10x | 0.91x | 0.46x | 0.95x | 1.10x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 446.4M | -387.2M | 488M | 581.3M | 1.14B | 1.7B | 1.44B | 1.67B | 1.02B | 0 |
DHI Key Ratios
D.R. Horton, Inc. (DHI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 14.28% | 17.27% | 16.64% | 21.18% | 30.55% | 33.47% | 22.11% | 19.43% | 14.18% | 12.94% |
| Return on Invested Capital (ROIC) | 13.59% | 14.93% | 13.35% | 17.3% | 26.19% | 28.33% | 19.6% | 17.74% | 12.05% | 12.05% |
| Gross Margin | 21.63% | 22.84% | 22.01% | 24.31% | 28.35% | 31.37% | 26.37% | 25.91% | 23.7% | 22.8% |
| Net Margin | 7.37% | 9.09% | 9.2% | 11.69% | 15.03% | 17.5% | 13.38% | 12.92% | 10.47% | 9.51% |
| Debt / Equity | 0.37x | 0.35x | 0.33x | 0.36x | 0.36x | 0.31x | 0.22x | 0.23x | 0.24x | 0.24x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | 44.09x |
| FCF Conversion | 0.42x | 0.37x | 0.55x | 0.60x | 0.13x | 0.10x | 0.91x | 0.46x | 0.95x | 1.10x |
| Revenue Growth | 15.9% | 14.03% | 9.49% | 15.45% | 36.74% | 20.54% | 5.92% | 3.78% | -6.93% | -5.57% |
DHI SEC Filings & Documents
D.R. Horton, Inc. (DHI) SEC filings — annual & quarterly reports (10-K, 10-Q)
DHI Frequently Asked Questions
D.R. Horton, Inc. (DHI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
D.R. Horton, Inc. (DHI) reported $33.35B in revenue for fiscal year 2025. This represents a 5993% increase from $547.3M in 1996.
D.R. Horton, Inc. (DHI) saw revenue decline by 6.9% over the past year.
Yes, D.R. Horton, Inc. (DHI) is profitable, generating $3.17B in net income for fiscal year 2025 (10.5% net margin).
Dividend & Returns
Yes, D.R. Horton, Inc. (DHI) pays a dividend with a yield of 1.09%. This makes it attractive for income-focused investors.
D.R. Horton, Inc. (DHI) has a return on equity (ROE) of 14.2%. This is reasonable for most industries.
D.R. Horton, Inc. (DHI) generated $3.50B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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