D. R. Horton (DHI)

NYSE Consumer Discretionary Homebuilding S&P 500
$152.28
-5.35 (-3.39%)
Close of Nov 06, 2026 · end-of-day data
Source: D. R. Horton's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$12.16B$14.09B$16.07B$17.59B$20.31B$27.77B$33.48B$35.46B$36.80B$34.25B
Cost of revenue$9.50B$11.04B$12.40B$13.72B$15.37B$19.90B$22.98B$26.11B$27.27B$26.13B
Gross profit$2.65B$3.05B$3.67B$3.87B$4.94B$7.88B$10.50B$9.35B$9.54B$8.12B
Selling, general & admin$1.32B$1.47B$1.68B$1.83B$2.05B$2.56B$2.93B$3.25B$3.60B$3.69B
Interest expense——$0———————
Pre-tax income$1.35B$1.60B$2.06B$2.13B$2.98B$5.36B$7.63B$6.31B$6.28B$4.74B
Income tax$467.20M$563.70M$597.70M$506.70M$602.50M$1.17B$1.73B$1.52B$1.48B$1.12B
Net income$886.30M$1.04B$1.46B$1.62B$2.37B$4.18B$5.86B$4.75B$4.76B$3.59B
EPS (basic)$2.39$2.77$3.88$4.34$6.49$11.56$16.65$13.93$14.44$11.62
EPS (diluted)$2.36$2.74$3.81$4.29$6.41$11.41$16.51$13.82$14.34$11.57
Diluted shares375.10M378.90M383.40M377.40M370.20M365.80M354.80M343.30M331.60M309.90M
Gross margin21.8%21.6%22.8%22.0%24.3%28.4%31.4%26.4%25.9%23.7%
Net margin7.3%7.4%9.1%9.2%11.7%15.0%17.5%13.4%12.9%10.5%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.30B$1.01B$1.47B$1.49B$3.02B$3.21B$2.54B$3.87B$4.52B$2.99B
Goodwill—$80.00M$109.20M$163.50M$163.50M$163.50M$163.50M$163.50M$163.50M$163.50M
Total assets$11.56B$12.18B$14.11B$15.61B$18.91B$24.02B$30.35B$32.58B$36.10B$35.47B
Total liabilities$4.77B$4.44B$4.96B$5.31B$6.79B$8.80B$10.57B$9.44B$10.28B$10.73B
Shareholders' equity$6.79B$7.75B$8.98B$10.02B$11.84B$14.89B$19.40B$22.70B$25.31B$24.19B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$623.90M$440.20M$545.20M$892.10M$1.42B$534.40M$561.80M$4.30B$2.19B$3.42B
Capital expenditures$78.10M$102.70M$68.10M$127.20M$96.50M$93.50M$148.20M$148.60M$165.30M$137.40M
Free cash flow$545.80M$337.50M$477.10M$764.90M$1.33B$440.90M$413.60M$4.16B$2.02B$3.28B
Investing cash flow-$112.60M-$164.00M$19.00M-$394.00M-$166.10M-$252.20M-$414.90M-$310.20M-$190.60M-$168.70M
Financing cash flow-$591.90M-$564.60M-$82.50M-$490.10M$270.60M-$85.10M-$811.20M-$2.67B-$1.36B-$4.76B
Dividends paid$118.70M$149.60M$188.40M$223.40M$256.00M$289.30M$316.50M$341.20M$395.20M$494.80M
Share buybacks$0$60.60M$127.50M$479.80M$360.40M$874.00M$1.10B$1.20B$1.80B$4.30B
Stock-based compensation$49.00M$59.20M$55.80M$73.20M$77.80M$91.40M$105.10M$111.20M$118.10M$131.00M
Depreciation & amortization$61.00M$54.70M$62.40M$72.00M$90.60M$82.10M$81.40M$91.60M$87.10M$101.30M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.