D.R. Horton, Inc. (DHI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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DHI Revenue Growth
Revenue Breakdown (FY 2025)
DHI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
DHI Revenue Analysis (2014–2025)
As of May 7, 2026, D.R. Horton, Inc. (DHI) generated trailing twelve-month (TTM) revenue of $33.35 billion, reflecting slight decline in growth of -2.3% year-over-year. The most recent quarter (Q2 2026) recorded $7.56 billion in revenue, up 9.7% sequentially.
Looking at the longer-term picture, DHI's 5-year compound annual growth rate (CAGR) stands at +11.0%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $36.80 billion in 2024.
Revenue diversification analysis shows DHI's business is primarily driven by Homebuilding (92%), Forestar Group (5%), and Rental (5%). With over half of revenue concentrated in Homebuilding, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including LEN (-3.8% YoY), PHM (-5.9% YoY), and NVR (-3.5% YoY), DHI has underperformed the peer group in terms of revenue growth. Compare DHI vs LEN →
DHI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DHICurrent | $33.3B | -2.3% | +11.0% | 12.9% | |
 LEN | $34.2B | -3.8% | +8.8% | 8.0% | |
 PHM | $17.3B | -5.9% | +9.4% | 17.3% | |
 NVR | $10.3B | -3.5% | +6.5% | 16.2% | |
 TOL | $11.0B | +1.1% | +9.2% | 15.7% | |
 MHO | $4.4B | -1.5% | +7.7% | 11.5% |
DHI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $34.25B | -6.9% | $8.12B | 23.7% | $4.42B | 12.9% |
| 2024 | $36.80B | +3.8% | $9.54B | 25.9% | $6.11B | 16.6% |
| 2023 | $35.46B | +5.9% | $9.35B | 26.4% | $6.24B | 17.6% |
| 2022 | $33.48B | +20.5% | $10.50B | 31.4% | $7.71B | 23.0% |
| 2021 | $27.77B | +36.7% | $7.88B | 28.4% | $5.39B | 19.4% |
| 2020 | $20.31B | +15.5% | $4.94B | 24.3% | $2.95B | 14.5% |
| 2019 | $17.59B | +9.5% | $3.87B | 22.0% | $2.05B | 11.7% |
| 2018 | $16.07B | +14.0% | $3.67B | 22.8% | $2.04B | 12.7% |
| 2017 | $14.09B | +15.9% | $3.05B | 21.6% | $1.66B | 11.8% |
| 2016 | $12.16B | +12.3% | $2.65B | 21.8% | $1.38B | 11.4% |
Full DHI Stock Analysis
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Start ComparisonDHI — Frequently Asked Questions
Quick answers to the most common questions about buying DHI stock.
Is DHI's revenue growth accelerating or slowing?
DHI revenue growth slowed to -2.3%, below the 5-year CAGR of +11.0%. TTM revenue is $33.3B. The deceleration marks a shift from historical growth rates.
What is DHI's long-term revenue growth rate?
D.R. Horton, Inc.'s 5-year revenue CAGR of +11.0% reflects the variable expansion pattern. Current YoY growth of -2.3% is near this long-term average.
How is DHI's revenue distributed by segment?
DHI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.