D.R. Horton, Inc. (DHI) Earnings History
Growth Compounder35 years of earnings data (1991–2025) · Consistent double-digit EPS growth over 5 years
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D.R. Horton, Inc. (DHI) Earnings Overview
As of June 21, 2026, D.R. Horton, Inc. (DHI) reported trailing twelve-month net income of $3.17B, reflecting -19.3% year-over-year growth. The company earned $10.98 per diluted share over the past four quarters, with a net profit margin of 10.5%.
Looking at the long-term picture, DHI's 5-year EPS compound annual growth rate (CAGR) stands at +12.5%, showing solid earnings momentum. The company achieved its highest annual net income of $5.86B in fiscal 2022.
D.R. Horton, Inc. maintains positive profitability with a gross margin of 23.7%, operating margin of 12.9%, and net margin of 10.5%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including LEN ($1.79B net income, 6.1% margin), PHM ($2.04B net income, 12.8% margin), NVR ($1.34B net income, 13.0% margin), DHI has outperformed on profitability metrics. Compare DHI vs LEN →
DHI Earnings vs Peers
Earnings metrics vs comparable public companies
DHI Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.59B | -24.6% | $4.42B | $11.57 | 10.5% | 12.9% |
| 2024 | $4.76B | +0.2% | $6.11B | $14.34 | 12.9% | 16.6% |
| 2023 | $4.75B | -19.0% | $6.24B | $13.82 | 13.4% | 17.6% |
| 2022 | $5.86B | +40.3% | $7.71B | $16.51 | 17.5% | 23.0% |
| 2021 | $4.18B | +75.9% | $5.39B | $11.42 | 15.0% | 19.4% |
| 2020 | $2.37B | +46.7% | $2.95B | $6.41 | 11.7% | 14.5% |
| 2019 | $1.62B | +10.8% | $2.05B | $4.29 | 9.2% | 11.7% |
| 2018 | $1.46B | +40.6% | $2.04B | $3.81 | 9.1% | 12.7% |
| 2017 | $1.04B | +17.2% | $1.66B | $2.74 | 7.4% | 11.8% |
| 2016 | $886M | +18.1% | $1.38B | $2.36 | 7.3% | 11.4% |
| 2015 | $751M | +40.7% | $1.15B | $2.03 | 6.9% | 10.6% |
| 2014 | $534M | +15.3% | $810M | $1.50 | 6.6% | 10.1% |
| 2013 | $463M | -51.6% | $640M | $1.33 | 7.4% | 10.2% |
| 2012 | $956M | +1231.9% | $247M | $2.77 | 22.0% | 5.7% |
| 2011 | $72M | -70.7% | $57M | $0.23 | 2.0% | 1.6% |
| 2010 | $245M | +144.9% | $173M | $0.77 | 5.6% | 3.9% |
| 2009 | -$545M | +79.3% | -$482M | $-1.72 | -14.9% | -13.2% |
| 2008 | -$2.63B | -269.6% | -$2.53B | $-8.34 | -39.6% | -38.0% |
| 2007 | -$713M | -157.8% | -$484M | $-2.27 | -6.3% | -4.3% |
| 2006 | $1.23B | -16.1% | $1.97B | $3.90 | 8.2% | 13.1% |
| 2005 | $1.47B | +50.8% | $2.35B | $4.62 | 10.6% | 16.9% |
| 2004 | $975M | +55.8% | $1.56B | $3.09 | 9.0% | 14.4% |
| 2003 | $626M | +54.7% | $1.01B | $1.33 | 7.2% | 11.5% |
| 2002 | $405M | +57.5% | $660M | $1.44 | 6.0% | 9.8% |
| 2001 | $257M | +34.1% | $449M | $1.11 | 5.8% | 10.1% |
| 2000 | $192M | +20.0% | $317M | $0.84 | 5.2% | 8.7% |
| 1999 | $160M | +71.1% | $273M | $0.63 | 5.1% | 8.7% |
| 1998 | $93M | +43.7% | $180M | $0.46 | 4.3% | 8.3% |
| 1997 | $65M | +40.4% | $114M | $0.32 | 7.8% | 13.6% |
| 1996 | $46M | +125.9% | $95M | $0.24 | 8.5% | 17.3% |
| 1995 | $21M | +15.8% | $33M | $0.19 | 4.7% | 7.6% |
| 1994 | $18M | +98.9% | $28M | $0.18 | 4.5% | 7.1% |
| 1993 | $9M | -3.3% | $14M | $0.09 | 4.7% | 7.2% |
| 1992 | $9M | +58.6% | $11M | $0.06 | 7.4% | 8.7% |
| 1991 | $6M | - | $11M | $0.01 | 4.7% | 8.7% |
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DHI — Frequently Asked Questions
Quick answers to the most common questions about buying DHI stock.
What is DHI earnings per share (EPS)?
DHI trailing twelve-month (TTM) diluted EPS is $10.98, reflecting -19.3% year-over-year growth. The 5-year EPS CAGR is +12.5%. Complete EPS history from 1991 to 2025 is available in the table on this page.
What is D.R. Horton, Inc.'s net income?
D.R. Horton, Inc. (DHI) trailing twelve-month net income is $3.2B as of 2025. Earnings declined -19.3% year-over-year. D.R. Horton, Inc. has been profitable for 16 consecutive years.
Is DHI profitable?
Yes, DHI is profitable with a TTM net income of $3.2B and a net profit margin of +10.5%. D.R. Horton, Inc. has generated profits for 16 consecutive years.
What is DHI's earnings growth rate?
DHI compound annual EPS growth rates (CAGR): 1-Year: -19.3%, 3-Year: -11.2%, 5-Year: +12.5%, 10-Year: +19.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1991 to 2025.
What are DHI's profit margins?
D.R. Horton, Inc. net profit margin is +10.5%, operating margin is +12.9%, and gross margin is +23.7%. Margins are within a typical range for the sector. Return on Equity is +14.2%.
Is DHI growing earnings?
DHI earnings are declining — EPS fell -19.3% year-over-year. TTM net income dropped to $3.2B. This contrasts with the 5-year CAGR of +12.5%.
What was DHI's best earnings year?
D.R. Horton, Inc.'s highest annual net income on record is $5.9B, achieved in fiscal year 2022. Earnings history on this page spans 1991 to 2025 and includes all annual and quarterly figures.
What were DHI's earnings last quarter?
DHI's most recent reported quarter was Q2 2026. Net income was $648M with diluted EPS of $2.24. For a full breakdown of all quarters, see the quarterly earnings table on this page.