D.R. Horton, Inc. (DHI) Earnings History
Annual and quarterly earnings data from 1991 to 2025
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DHI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
DHI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 23.7% | 12.9% | 10.5% |
| 2024 | 25.9% | 16.6% | 12.9% |
| 2023 | 26.4% | 17.6% | 13.4% |
| 2022 | 31.4% | 23.0% | 17.5% |
| 2021 | 28.4% | 19.4% | 15.0% |
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D.R. Horton, Inc. (DHI) Earnings Overview
As of May 6, 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 ($2.08B net income, 6.0% 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% |
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Start ComparisonDHI — Frequently Asked Questions
Quick answers to the most common questions about buying DHI stock.
Is DHI growing earnings?
DHI EPS fell to $10.98, with earnings declining -19.3%. This contrasts with the 5-year CAGR of +12.5%. TTM net income dropped to $3.2B.
What are DHI's profit margins?
D.R. Horton, Inc. net margin is +10.5%, with operating margin at +12.9%. Margins sit within typical range for the sector.
How consistent are DHI's earnings?
DHI earnings data spans 1991-2025. The declining earnings trend is -19.3% YoY. Historical data enables comparison across business cycles.