D.R. Horton, Inc. (DHI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 32.96B | 30.02B | 34.14B | 35.07B | 34.4B | 33.7B | 34.75B | 33.81B | 33.09B | 32.06B | 31.17B | 31.07B | 29.9B | 29B | 28.8B | 27.55B | 25.62B | 24.17B | 23.2B | 21B |
| Cash & Short-Term Investments | 1.92B | 2.51B | 2.99B | 2.61B | 2.47B | 3.05B | 4.52B | 2.99B | 3.06B | 3.32B | 3.87B | 3.38B | 3.05B | 2.59B | 2.54B | 1.66B | 1.66B | 2.44B | 3.21B | 1.94B |
| Cash Only | 1.92B | 2.51B | 2.99B | 2.61B | 2.47B | 3.05B | 4.52B | 2.99B | 3.06B | 3.32B | 3.87B | 3.38B | 3.05B | 2.59B | 2.54B | 1.66B | 1.66B | 2.44B | 3.21B | 1.94B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 458.9M | 418.4M | 415.5M | 377.8M | 421.4M | 431M | 427.7M | 393.3M | 426.9M | 401.4M | 359.6M | 393.8M | 423.1M | 364M | 328.3M | 322.1M | 321.7M | 305M |
| Days Sales Outstanding | - | - | 4.17 | 4.11 | 4.62 | 4.83 | 3.92 | 3.92 | 4.1 | 4.88 | 3.63 | 3.56 | 4.25 | 5.18 | 3.76 | 3.58 | 3.66 | 4.2 | 3.56 | 3.83 |
| Inventory | 26.3B | 25.61B | 25.29B | 26.73B | 26.48B | 26.08B | 24.9B | 25.54B | 24.84B | 24.05B | 22.37B | 22.98B | 22.57B | 22.45B | 21.66B | 21.7B | 19.85B | 18.2B | 16.48B | 16.01B |
| Days Inventory Outstanding | 398.98 | 442.37 | 315.6 | 345.04 | 405.45 | 411.25 | 311.51 | 312.97 | 328.37 | 373.35 | 271.64 | 290.23 | 337.84 | 383.39 | 294.98 | 321.52 | 315.33 | 325.2 | 262.06 | 266.13 |
| Other Current Assets | 4.74B | 1.91B | 5.28B | 5.2B | 4.92B | 4.07B | 4.79B | 4.75B | 4.66B | 4.19B | 4.41B | 4.25B | 3.83B | 3.48B | 4.1B | 3.74B | 3.71B | 3.13B | 3.13B | 2.69B |
| Total Non-Current Assets | 2.61B | 4.62B | 1.33B | 1.33B | 1.29B | 1.33B | 1.36B | 1.34B | 1.31B | 1.32B | 1.41B | 1.25B | 1.27B | 1.27B | 1.55B | 1.32B | 1.06B | 827.6M | 819.2M | 789.1M |
| Property, Plant & Equipment | 593.1M | 582M | 85.9M | 50.4M | 48.8M | 50.1M | 70M | 571.3M | 526.4M | 43.3M | 64.6M | 44.4M | 43.4M | 46.6M | 144.4M | 42.7M | 41.7M | 38.1M | 114.6M | 110.1M |
| Fixed Asset Turnover | 12.86x | 20.62x | 142.01x | 186.00x | 156.40x | 126.78x | 31.19x | 18.16x | 31.97x | 143.21x | 192.73x | 221.54x | 177.18x | 76.00x | 103.04x | 208.25x | 200.48x | 92.38x | 72.18x | 67.73x |
| Goodwill | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M | 163.5M |
| Intangible Assets | 0 | 0 | 27.1M | 19.8M | 5.3M | 10.4M | 5.9M | 325.9M | 325.8M | 328.6M | 11.1M | 334.8M | 323.9M | 18.7M | 10.6M | 261.5M | 5M | 8.3M | 4.1M | 14.2M |
| Long-Term Investments | 0 | 0 | 2.66B | 2.88B | 2.63B | 1.85B | 2.6B | 2.67B | 2.74B | 2.32B | 2.68B | 2.5B | 2.19B | 1.84B | 2.76B | 2.25B | 2.47B | 1.86B | 2.05B | 1.67B |
| Other Non-Current Assets | 1.85B | 3.85B | -1.65B | -1.86B | -1.63B | -873.7M | -1.64B | -2.54B | -2.62B | -1.71B | -1.69B | -1.91B | -1.56B | -936.4M | -1.67B | -1.56B | -1.75B | -1.38B | -1.66B | -1.31B |
| Total Assets | 35.57B | 34.64B | 35.47B | 36.4B | 35.69B | 35.03B | 36.1B | 35.15B | 34.4B | 33.38B | 32.58B | 32.32B | 31.17B | 30.26B | 30.35B | 28.87B | 26.69B | 25B | 24.02B | 21.79B |
| Asset Turnover | 0.22x | 0.20x | 0.27x | 0.26x | 0.22x | 0.21x | 0.28x | 0.29x | 0.27x | 0.23x | 0.32x | 0.31x | 0.26x | 0.24x | 0.33x | 0.32x | 0.31x | 0.29x | 0.35x | 0.34x |
| Asset Growth % | -0.34% | -1.11% | -1.75% | 3.54% | 3.76% | 4.94% | 10.81% | 8.75% | 10.35% | 10.3% | 7.35% | 11.96% | 16.81% | 21.06% | 26.38% | 32.47% | 26.57% | 26.38% | 26.99% | 21.25% |
| Total Current Liabilities | 4.8B | 4.54B | 1.96B | 2.14B | 2B | 2.23B | 2.04B | 2.1B | 2.05B | 2.33B | 2.08B | 2.09B | 2.17B | 2.2B | 2.19B | 2.62B | 2.13B | 2.14B | 1.8B | 1.76B |
| Accounts Payable | 1.32B | 1.03B | 1.22B | 1.39B | 1.37B | 1.37B | 1.35B | 1.41B | 1.39B | 1.26B | 1.25B | 1.37B | 1.25B | 1.21B | 1.36B | 1.51B | 1.38B | 1.15B | 1.18B | 1.25B |
| Days Payables Outstanding | 18.06 | 19.54 | 15.84 | 17.91 | 21.18 | 21.92 | 17.03 | 17.39 | 17.78 | 20.16 | 15.67 | 16.7 | 18.43 | 22.3 | 19.51 | 22.33 | 20.96 | 21.83 | 19.58 | 20.85 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 81.5M | 106.6M | 84.5M | 72.5M | 99.7M | 136.8M | 148.9M | 122.4M | 147.1M | 172.8M | 171.6M | 163.5M | 224.2M | 279.9M | 283.4M | 218.2M | 193.4M | 201.3M |
| Other Current Liabilities | 8.4M | 3.51B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 6.86x | 6.62x | 17.39x | 16.41x | 17.19x | 15.13x | 17.06x | 16.14x | 16.13x | 13.74x | 14.96x | 14.89x | 13.78x | 13.17x | 13.13x | 10.52x | 12.04x | 11.28x | 12.87x | 11.90x |
| Quick Ratio | 1.39x | 0.97x | 4.51x | 3.90x | 3.96x | 3.42x | 4.83x | 3.95x | 4.02x | 3.43x | 4.22x | 3.88x | 3.38x | 2.98x | 3.26x | 2.23x | 2.72x | 2.79x | 3.73x | 2.83x |
| Cash Conversion Cycle | - | - | 303.93 | 331.24 | 388.88 | 394.15 | 298.39 | 299.5 | 314.7 | 358.08 | 259.61 | 277.09 | 323.66 | 366.27 | 279.22 | 302.77 | 298.03 | 307.58 | 246.03 | 249.11 |
| Total Non-Current Liabilities | 6.56B | 5.55B | 8.77B | 9.67B | 8.83B | 7.34B | 8.24B | 7.91B | 8.05B | 7.44B | 7.36B | 8.15B | 7.88B | 7.51B | 8.37B | 7.81B | 7.44B | 6.84B | 7B | 5.9B |
| Long-Term Debt | 6.56B | 5.55B | 5.97B | 7.25B | 6.52B | 5.1B | 5.92B | 5.69B | 5.94B | 5.29B | 5.09B | 6.11B | 5.97B | 5.69B | 6.07B | 5.98B | 5.57B | 5.26B | 5.41B | 4.42B |
| Capital Lease Obligations | 0 | 0 | 65.6M | 53.1M | 51.3M | 52.3M | 53.3M | 51.2M | 47.2M | 44.5M | 48.1M | 45.7M | 44.7M | 47.9M | 47.9M | 44M | 43.2M | 39.3M | 37M | 36.5M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 2.73B | 2.36B | 2.26B | 2.19B | 2.27B | 2.16B | 2.07B | 2.11B | 2.22B | 2B | 1.87B | 1.77B | 2.26B | 1.79B | 1.83B | 1.55B | 1.55B | 1.45B |
| Total Liabilities | 11.37B | 10.08B | 10.73B | 11.8B | 10.83B | 9.57B | 10.28B | 10B | 10.1B | 9.78B | 9.44B | 10.24B | 10.05B | 9.71B | 10.57B | 10.43B | 9.57B | 8.99B | 8.8B | 7.67B |
| Total Debt | 6.56B | 5.55B | 6.03B | 7.3B | 6.57B | 5.15B | 5.97B | 5.74B | 5.99B | 5.33B | 5.14B | 6.15B | 6.01B | 5.74B | 6.11B | 6.02B | 5.61B | 5.29B | 5.45B | 4.45B |
| Net Debt | 4.65B | 3.04B | 3.05B | 4.69B | 4.1B | 2.1B | 1.45B | 2.75B | 2.92B | 2.01B | 1.27B | 2.77B | 2.96B | 3.15B | 3.57B | 4.36B | 3.95B | 2.85B | 2.24B | 2.51B |
| Debt / Equity | 0.27x | 0.23x | 0.24x | 0.30x | 0.26x | 0.20x | 0.23x | 0.23x | 0.25x | 0.23x | 0.22x | 0.28x | 0.28x | 0.28x | 0.31x | 0.33x | 0.33x | 0.33x | 0.36x | 0.32x |
| Debt / EBITDA | 7.93x | 7.33x | 5.23x | 5.66x | 6.40x | 4.88x | 3.55x | 3.22x | 3.96x | 4.38x | 2.56x | 3.50x | 4.75x | 4.53x | 2.89x | 2.69x | 2.92x | 3.50x | 3.10x | 3.09x |
| Net Debt / EBITDA | 5.61x | 4.02x | 2.64x | 3.63x | 3.99x | 1.99x | 0.86x | 1.54x | 1.93x | 1.65x | 0.63x | 1.58x | 2.34x | 2.48x | 1.69x | 1.95x | 2.05x | 1.88x | 1.27x | 1.74x |
| Interest Coverage | 12.21x | 23.31x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 24.2B | 24.56B | 24.74B | 24.59B | 24.86B | 25.46B | 25.82B | 25.15B | 24.3B | 23.6B | 23.14B | 22.08B | 21.12B | 20.55B | 19.79B | 18.44B | 17.12B | 16.01B | 15.22B | 14.13B |
| Equity Growth % | -2.65% | -3.56% | -4.19% | -2.22% | 2.31% | 7.88% | 11.61% | 13.9% | 15.03% | 14.85% | 16.94% | 19.78% | 23.39% | 28.34% | 30.03% | 30.52% | 28.94% | 25.4% | 25.53% | 24.7% |
| Book Value per Share | 83.73 | 83.72 | 83.20 | 82.69 | 79.17 | 78.66 | 78.90 | 76.19 | 72.90 | 70.31 | 68.19 | 64.51 | 61.24 | 59.25 | 56.58 | 52.21 | 48.04 | 44.47 | 42.02 | 38.80 |
| Total Shareholders' Equity | 23.63B | 24B | 24.19B | 24.05B | 24.33B | 24.94B | 25.31B | 24.66B | 23.82B | 23.15B | 22.7B | 21.66B | 20.71B | 20.15B | 19.4B | 18.06B | 16.77B | 15.68B | 14.89B | 13.8B |
| Common Stock | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M |
| Retained Earnings | 32.02B | 31.5B | 31.04B | 30.25B | 29.35B | 28.67B | 27.95B | 26.77B | 25.51B | 24.44B | 23.59B | 22.16B | 20.91B | 20.06B | 19.19B | 17.63B | 16.06B | 14.71B | 13.64B | 12.38B |
| Treasury Stock | -12B | -11.1B | -10.43B | -9.74B | -8.54B | -7.24B | -6.13B | -5.57B | -5.13B | -4.73B | -4.33B | -3.91B | -3.56B | -3.26B | -3.14B | -2.89B | -2.58B | -2.31B | -2.04B | -1.82B |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 573.2M | 559.9M | 551.8M | 540.1M | 531.6M | 519M | 511.6M | 494.2M | 480.9M | 450.1M | 441.7M | 425.9M | 409.1M | 399.1M | 389.3M | 373M | 342.9M | 335.7M | 329.7M | 322.1M |