D.R. Horton Inc. (DHI) Financial Statements
Historical financial data — 43 statements covering FY2018–FY2025
D.R. Horton is the largest homebuilder in the United States with operations in 126 markets across 36 states. D.R. Horton mainly builds single-family homes (over 90% of home sales revenue) and offer...
D.R. Horton Inc.'s revenue decreased 6.9% year over year, from $36.80B to $34.25B.
Net income decreased 24.6% over the same period, from $4.76B to $3.59B.
Over the 7-year period from FY2018 to FY2025, revenue grew by 113% in total.
Total debt remained relatively stable at $6.07B.
The debt-to-equity ratio stands at 0.25, indicating a conservative leverage profile.
Operating cash flow grew 56.2% to $3.42B.
D.R. Horton Inc. maintains a healthy net profit margin of 10.5%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q4 FY2024 | $10.00B+0.4% | $1.28B | $2.55B | $1.71B | $1.96B | $36.10B | $6.03B | $25.31B |
| Q1 FY2025 | $7.61B-23.9% | $844.9M | $1.91B | $1.11B | $646.7M | $35.03B | $5.16B | $24.94B |
| Q2 FY2025 | $7.73B+1.6% | $810.4M | $1.90B | $1.07B | $-436.2M | $35.69B | $6.61B | $24.33B |
| Q3 FY2025 | $9.23B+19.3% | $1.02B | $2.21B | $1.36B | $738.6M | $36.40B | $7.36B | $24.05B |
| Q4 FY2025 | $9.68B+4.9% | $905.3M | $2.10B | $1.20B | $2.47B | $35.47B | $6.07B | $24.19B |
| Q1 FY2026 | $6.89B-28.8% | $594.8M | $1.59B | $798.1M | $854.0M | $34.64B | $5.62B | $24.00B |
| Q2 FY2026 | $7.56B+9.7% | $647.9M | $1.70B | $867.3M | $-412.5M | $35.57B | $6.64B | $24.20B |
| Q3 FY2026 | $9.23B+22.1% | $904.9M | $2.15B | $1.14B | $439.3M | $36.51B | $7.19B | $24.41B |
Balance Sheet Summary (Q3 FY2026)
D.R. Horton Inc. (DHI) Financial Statements & Revenue History
D.R. Horton Inc. (DHI) is a US-listed stock operating in the Industrials sector, specifically the Operative Builders industry trading at $138.54 with a market capitalization of $39. This page provides 43 historical financial statements for D.R. Horton Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, D.R. Horton Inc. reported revenue of $34.3 billion, a 6.9% decline from the prior year. The net profit margin of 10.5% indicates moderate profitability. The debt-to-equity ratio of 0.25 shows conservative leverage.
DHI Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows D.R. Horton Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether DHI is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track DHI's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently D.R. Horton Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of DHI's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use DHI Financial Data
Investors use D.R. Horton Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare DHI's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how DHI's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View DHI's financial health score, earnings, and pre-market pricing.
Financial data is sourced from D.R. Horton Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.DHI trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.