D.R. Horton Financial Statements
NYSE: DHIConsumer DiscretionaryHomebuildingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
D.R. Horton revenue and earnings
In fiscal 2025, D.R. Horton generated $34.25 billion in revenue, down 6.9% from fiscal 2024, its first annual decline since 2011. Net income was $3.59 billion (-24.6% year over year), for a net margin of 10.5% versus a median of 13.4% in the prior 5 years. Gross margin was 23.7% (down from 25.9%).
Diluted earnings per share came in at $11.57, down from $14.34. Over the last 5 fiscal years, DHI's revenue has grown at a 11.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
D.R. Horton income statement (annual)
| Fiscal year (USD) | FY 20252025-09-30 | FY 20242024-09-30 | FY 20232023-09-30 | FY 20222022-09-30 | FY 20212021-09-30 | FY 20202020-09-30 | FY 20192019-09-30 | FY 20182018-09-30 | FY 20172017-09-30 | FY 20162016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34.25B | 36.80B | 35.46B | 33.48B | 27.77B | 20.31B | 17.59B | 16.07B | 14.09B | 12.16B |
| Revenue growth (YoY) | -6.93% | +3.78% | +5.92% | +20.54% | +36.74% | +15.45% | +9.49% | +14.03% | +15.90% | +12.32% |
| Cost of Revenue | 26.13B | 27.27B | 26.11B | 22.98B | 19.90B | 15.37B | 13.72B | 12.40B | 11.04B | 9.50B |
| Gross Profit | 8.12B | 9.54B | 9.35B | 10.50B | 7.88B | 4.94B | 3.87B | 3.67B | 3.05B | 2.65B |
| Selling, General & Admin | 3.69B | 3.60B | 3.25B | 2.93B | 2.56B | 2.05B | 1.83B | 1.68B | 1.47B | 1.32B |
| Interest Expense | — | — | — | — | — | — | — | 0 | — | — |
| Other Income (Expense) | 315.70M | 348.80M | 213.10M | 59.30M | 41.60M | 33.40M | 31.90M | 45.30M | 25.50M | 21.70M |
| Pretax Income | 4.74B | 6.28B | 6.31B | 7.63B | 5.36B | 2.98B | 2.13B | 2.06B | 1.60B | 1.35B |
| Income Tax | 1.12B | 1.48B | 1.52B | 1.73B | 1.17B | 602.50M | 506.70M | 597.70M | 563.70M | 467.20M |
| Net Income | 3.59B | 4.76B | 4.75B | 5.86B | 4.18B | 2.37B | 1.62B | 1.46B | 1.04B | 886.30M |
| Net Income growth (YoY) | -24.62% | +0.23% | -18.98% | +40.27% | +75.92% | +46.66% | +10.83% | +40.63% | +17.16% | +18.06% |
| EPS (Basic) | 11.62 | 14.44 | 13.93 | 16.65 | 11.56 | 6.49 | 4.34 | 3.88 | 2.77 | 2.39 |
| EPS (Diluted) | 11.57 | 14.34 | 13.82 | 16.51 | 11.41 | 6.41 | 4.29 | 3.81 | 2.74 | 2.36 |
| Shares Outstanding (Basic) | 308.50M | 329.50M | 340.70M | 351.70M | 361.10M | 365.50M | 372.60M | 376.60M | 374.30M | 371.00M |
| Shares Outstanding (Diluted) | 309.90M | 331.60M | 343.30M | 354.80M | 365.80M | 370.20M | 377.40M | 383.40M | 378.90M | 375.10M |
| Gross Margin | 23.70% | 25.91% | 26.37% | 31.37% | 28.35% | 24.31% | 22.01% | 22.84% | 21.63% | 21.84% |
| Net Margin | 10.47% | 12.92% | 13.38% | 17.50% | 15.03% | 11.69% | 9.20% | 9.09% | 7.37% | 7.29% |
This table shows 10 annual periods of D.R. Horton's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow DHI's reporting calendar. What is a income statement?