D.R. Horton, Inc. (DHI) Quarterly Income Statement

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D.R. Horton, Inc. (DHI) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

DHI Income Statement

D.R. Horton, Inc. (DHI) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q3'26	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

Sales/Revenue	9.23B	7.56B	6.89B	9.68B	9.23B	7.73B	7.61B	10B	9.97B	9.11B	7.73B	10.5B	9.73B	7.97B	7.26B	9.64B	8.79B	8B	7.05B	8.11B
Revenue Growth %	0.02%	-2.27%	-9.54%	-3.25%	-7.43%	-15.08%	-1.46%	-4.77%	2.47%	14.23%	6.45%	8.97%	10.67%	-0.33%	2.9%	18.87%	20.64%	24.08%	18.88%	26.7%
Cost of Goods Sold	7.08B	5.85B	5.29B	7.58B	7.02B	5.83B	5.7B	7.45B	7.32B	6.77B	5.72B	7.68B	7.14B	6B	5.29B	6.76B	5.88B	5.43B	4.91B	5.7B
COGS % of Revenue	76.74%	77.46%	76.84%	78.33%	76.05%	75.43%	74.91%	74.46%	73.49%	74.38%	74.03%	73.12%	73.43%	75.21%	72.91%	70.14%	66.9%	67.88%	69.55%	70.33%
Gross Profit	2.15B	1.7B	1.59B	2.1B	2.21B	1.9B	1.91B	2.55B	2.64B	2.33B	2.01B	2.82B	2.58B	1.98B	1.97B	2.88B	2.91B	2.57B	2.15B	2.41B
Gross Margin %	23.26%	22.54%	23.16%	21.66%	23.95%	24.57%	25.09%	25.54%	26.51%	25.62%	25.97%	26.88%	26.57%	24.79%	27.1%	29.86%	33.1%	32.12%	30.45%	29.67%
Gross Profit Growth %	-2.85%	-10.36%	-16.52%	-17.91%	-16.39%	-18.55%	-4.79%	-9.53%	2.25%	18.02%	2.02%	-1.92%	-11.17%	-23.06%	-8.44%	19.63%	40.39%	43.05%	34.16%	46.11%
Operating Expenses	920M	903.3M	865.1M	970.9M	944.3M	898.7M	878.1M	895.8M	879.3M	843.4M	808.6M	839.1M	852.1M	739.1M	718.2M	784.7M	694M	663.9M	653M	666.8M
OpEx % of Revenue	9.97%	11.95%	12.56%	10.03%	10.24%	11.62%	11.53%	8.96%	8.82%	9.26%	10.47%	7.99%	8.76%	9.27%	9.9%	8.14%	7.9%	8.3%	9.26%	8.22%
Selling, General & Admin	991.2M	903.3M	865.1M	970.9M	944.3M	898.7M	878.1M	895.8M	879.3M	843.4M	808.6M	839.1M	852.1M	739.1M	718.2M	784.7M	694M	663.9M	653M	666.8M
SG&A % of Revenue	10.74%	11.95%	12.56%	10.03%	10.24%	11.62%	11.53%	8.96%	8.82%	9.26%	10.47%	7.99%	8.76%	9.27%	9.9%	8.14%	7.9%	8.3%	9.26%	8.22%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-1000K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	1.23B	800M	729.6M	1.13B	1.26B	1B	1.03B	1.66B	1.76B	1.49B	1.2B	1.98B	1.73B	1.24B	1.25B	2.09B	2.21B	1.91B	1.49B	1.74B
Operating Margin %	13.29%	10.58%	10.59%	11.63%	13.71%	12.95%	13.56%	16.58%	17.69%	16.36%	15.5%	18.89%	17.81%	15.52%	17.2%	21.72%	25.2%	23.82%	21.19%	21.45%
Operating Income Growth %	-3.05%	-20.12%	-29.31%	-32.12%	-28.25%	-32.76%	-13.82%	-16.41%	1.79%	20.35%	-4.06%	-5.23%	-21.81%	-35.04%	-16.48%	20.38%	55.4%	59.51%	44.78%	62.19%
EBITDA	1.26B	828.1M	757.3M	1.15B	1.29B	1.03B	1.06B	1.68B	1.79B	1.51B	1.22B	2.01B	1.76B	1.26B	1.27B	2.12B	2.24B	1.93B	1.51B	1.76B
EBITDA Margin %	13.6%	10.96%	11%	11.92%	13.98%	13.27%	13.87%	16.82%	17.91%	16.59%	15.76%	19.09%	18.05%	15.86%	17.47%	21.94%	25.44%	24.07%	21.47%	21.66%
EBITDA Growth %	-2.7%	-19.3%	-28.3%	-31.44%	-27.74%	-32.07%	-13.26%	-16.13%	1.69%	19.48%	-3.98%	-5.17%	-21.48%	-34.33%	-16.25%	20.41%	54.98%	58.67%	43.82%	60.35%
D&A (Non-Cash Add-back)	29M	28.1M	27.7M	27.4M	25.2M	24.6M	24.1M	23.6M	22.4M	21.1M	20M	21.4M	23.7M	26.7M	19.8M	21.2M	20.9M	19.9M	19.4M	17.2M
EBIT	1.23B	732.6M	829.4M	1.2B	1.36B	1.07B	1.11B	1.71B	1.8B	1.53B	1.25B	2.02B	1.78B	1.25B	1.27B	2.07B	2.18B	1.88B	1.5B	1.73B
Net Interest Income	0	-60M	-31.3M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	60M	31.3M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	0	67.4M	68.5M	79M	93.3M	65.6M	77.8M	51.2M	36.3M	39M	49.9M	34.1M	52.2M	7.7M	18.9M	-27.9M	-31.5M	-21.9M	2.6M	-12.7M
Pretax Income	1.23B	867.4M	798.1M	1.2B	1.36B	1.07B	1.11B	1.71B	1.8B	1.53B	1.25B	2.02B	1.78B	1.25B	1.27B	2.07B	2.18B	1.88B	1.5B	1.73B
Pretax Margin %	13.29%	11.48%	11.59%	12.45%	14.72%	13.8%	14.58%	17.09%	18.05%	16.78%	16.15%	19.21%	18.34%	15.62%	17.46%	21.43%	24.84%	23.54%	21.23%	21.29%
Income Tax	307.5M	209.4M	203.3M	288M	325M	248M	258M	409.9M	432.2M	344.8M	291.8M	492.7M	432.2M	295.7M	298.9M	417.6M	524M	441M	351.5M	381M
Effective Tax Rate %	25.08%	24.14%	25.47%	23.9%	23.93%	23.24%	23.25%	23.97%	24.02%	22.56%	23.39%	24.41%	24.23%	23.75%	23.59%	20.21%	24%	23.42%	23.48%	22.07%
Net Income	904.9M	647.9M	594.8M	905.3M	1.02B	810.4M	844.9M	1.28B	1.35B	1.17B	947.4M	1.51B	1.34B	942.2M	958.7M	1.63B	1.65B	1.44B	1.14B	1.34B
Net Margin %	9.81%	8.57%	8.64%	9.35%	11.11%	10.48%	11.1%	12.83%	13.58%	12.87%	12.26%	14.37%	13.73%	11.82%	13.21%	16.93%	18.75%	17.96%	16.19%	16.51%
Net Income Growth %	-11.68%	-20.05%	-29.6%	-29.46%	-24.31%	-30.86%	-10.82%	-14.99%	1.39%	24.4%	-1.18%	-7.49%	-18.98%	-34.4%	-16.02%	21.87%	47.72%	54.52%	44.18%	61.52%
Net Income (Continuing)	918.7M	658M	594.8M	916.8M	1.03B	819.1M	851.9M	1.3B	1.37B	1.18B	955.7M	1.53B	1.35B	949.6M	968.3M	1.65B	1.66B	1.44B	1.15B	1.35B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	587M	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
EPS (Diluted)	3.18	2.24	2.03	3.04	3.36	2.58	2.61	3.92	4.10	3.52	2.82	4.45	3.90	2.73	2.76	4.67	4.67	4.03	3.17	3.70
EPS Growth %	-5.36%	-13.18%	-22.22%	-22.45%	-18.05%	-26.7%	-7.45%	-11.91%	5.13%	28.94%	2.17%	-4.71%	-16.49%	-32.26%	-12.93%	26.22%	52.61%	59.29%	48.13%	65.18%
EPS (Basic)	3.19	2.25	2.03	3.06	3.37	2.59	2.63	3.95	4.12	3.54	2.84	4.49	3.93	2.75	2.79	4.70	4.70	4.07	3.21	3.74
Diluted Shares Outstanding	288.4M	289M	293.3M	297.4M	297.4M	314M	323.72M	327.3M	330.1M	333.3M	335.7M	339.3M	342.3M	344.9M	346.9M	349.7M	353.1M	356.3M	360.1M	362.1M
Basic Shares Outstanding	287.5M	287.9M	292.3M	296.2M	296.2M	312.5M	321.5M	325.2M	328.4M	330.9M	333.3M	336.6M	339.9M	342.1M	344.2M	346.9M	350.8M	353.1M	356.1M	357.9M
Dividend Payout Ratio	14.05%	20.02%	22.11%	13.08%	11.95%	15.49%	15.21%	7.61%	7.27%	8.46%	10.54%	5.58%	6.38%	9.09%	8.98%	4.79%	4.81%	5.51%	7.02%	5.35%