D.R. Horton, Inc. financials

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DHI CIK 0000882184

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:00:32Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 3.28B 2.02B 4.16B 413.60M 440.90M 1.33B
Net Debt 3.05B 1.45B 1.27B 3.57B 2.24B 1.30B
Gross Margin 23.70% 25.91% 26.37% 31.37% 28.35% 24.31%
Net Margin 10.47% 12.92% 13.38% 17.50% 15.03% 11.69%
Return on Equity (ROE) 14.82% 18.79% 20.91% 30.20% 28.05% 20.05%
Return on Assets (ROA) 10.11% 13.17% 14.57% 19.30% 17.39% 12.55%
Debt-to-Equity 0.2493 0.2359 0.2266 0.3153 0.3661 0.3649
Effective Tax Rate 23.61% 23.53% 24.06% 22.73% 21.75% 20.20%
Cash Conversion Ratio 0.9542 0.4604 0.9069 0.0959 0.128 0.5989
Accruals Ratio 0.0046 0.0711 0.0136 0.1745 0.1516 0.0503
SBC % of Revenue 0.38% 0.32% 0.31% 0.31% 0.33% 0.38%
CapEx Coverage 24.8974 13.2474 28.9643 3.7908 5.7155 14.7316
Free Cash Flow Per Share $10.60 $6.11 $12.10 $1.17 $1.21 $3.58

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 14.6474 13.3033 7.7764 4.0793 7.3593 11.7988
P/FCF 15.9947 31.2471 8.8784 57.7764 69.6673 21.1292
FCF Yield 6.25% 3.20% 11.26% 1.73% 1.44% 4.73%
P/S 1.4571 1.6797 1.0148 0.6919 1.0763 1.3554
P/B 2.063 2.442 1.5856 1.1943 2.0082 2.3251

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 34.25B 36.80B 35.46B 33.48B 27.77B 20.31B
Cost of Revenue 26.13B 27.27B 26.11B 22.98B 19.90B 15.37B
Selling, General and Administrative Expense 3.69B 3.60B 3.25B 2.93B 2.56B 2.05B
Income Tax Expense (Benefit) 1.12B 1.48B 1.52B 1.73B 1.17B 602.50M
Net Income (Loss) Attributable to Parent 3.59B 4.76B 4.75B 5.86B 4.18B 2.37B
Earnings Per Share, Basic $11.62 $14.44 $13.93 $16.65 $11.56 $6.49
Weighted Average Number of Shares Outstanding, Basic 308.50M 329.50M 340.70M 351.70M 361.10M 365.50M
Earnings Per Share, Diluted $11.57 $14.34 $13.82 $16.51 $11.41 $6.41
Weighted Average Number of Shares Outstanding, Diluted 309.90M 331.60M 343.30M 354.80M 365.80M 370.20M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 2.99B 4.52B 3.87B 2.54B 3.21B 3.02B
Assets 35.47B 36.10B 32.58B 30.35B 24.02B 18.91B
Liabilities 10.73B 10.28B 9.44B 10.57B 8.80B 6.79B
Stockholders' Equity Attributable to Parent 24.19B 25.31B 22.70B 19.40B 14.89B 11.84B
Common Stock, Shares, Outstanding 294.48M 324.03M 334.85M 343.95M 356.02M 364.00M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 3.42B 2.19B 4.30B 561.80M 534.40M 1.42B
Payments to Acquire Property, Plant, and Equipment 137.40M 165.30M 148.60M 148.20M 93.50M 96.50M
Net Cash Provided by (Used in) Investing Activities -168.70M -190.60M -310.20M -414.90M -252.20M -166.10M
Payments for Repurchase of Common Stock 4.30B 1.80B 1.20B 1.10B 874.00M 360.40M
Net Cash Provided by (Used in) Financing Activities -4.76B -1.36B -2.67B -811.20M -85.10M 270.60M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

19 concepts 3 units
Unit US$ · 13 concepts
Label Value Period
Interest Costs Incurred 60.00M 2026-01-01 → 2026-03-31
Revenues 7.56B 2026-01-01 → 2026-03-31
Gain (Loss) on Sales of Loans, Net 127.80M 2026-01-01 → 2026-03-31
Inventory Write-down 3.00M 2026-01-01 → 2026-03-31
Production Related Impairments or Charges 32.10M 2026-01-01 → 2026-03-31
Cost of Revenue 5.85B 2026-01-01 → 2026-03-31
Selling, General and Administrative Expense 903.30M 2026-01-01 → 2026-03-31
Other Nonoperating Income (Expense) 67.40M 2026-01-01 → 2026-03-31
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 867.40M 2026-01-01 → 2026-03-31
Income Tax Expense (Benefit) 209.40M 2026-01-01 → 2026-03-31
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 658.00M 2026-01-01 → 2026-03-31
Net Income (Loss) Attributable to Noncontrolling Interest 10.10M 2026-01-01 → 2026-03-31
Net Income (Loss) Attributable to Parent 647.90M 2026-01-01 → 2026-03-31
Unit shares · 2 concepts
Label Value Period
Weighted Average Number of Shares Outstanding, Basic 287.90M 2026-01-01 → 2026-03-31
Weighted Average Number of Shares Outstanding, Diluted 289.00M 2026-01-01 → 2026-03-31
Unit US$ / share · 4 concepts
Label Value Period
Earnings Per Share, Basic $2.25 2026-01-01 → 2026-03-31
Earnings Per Share, Diluted $2.24 2026-01-01 → 2026-03-31
Common Stock, Dividends, Per Share, Declared $0.45 2026-01-01 → 2026-03-31
Common Stock, Dividends, Per Share, Cash Paid $0.45 2026-01-01 → 2026-03-31

Balance Sheet

45 concepts 3 units
Unit US$ · 37 concepts
Label Value Period
Cash and Cash Equivalents, at Carrying Value 1.92B as of 2026-03-31
Restricted Cash and Cash Equivalents 56.30M as of 2026-03-31
Accounts and Financing Receivable, after Allowance for Credit Loss 144.20M as of 2026-03-31
Earnest Money Deposits 2.50B as of 2026-03-31
Inventory, Real Estate, Land and Land Development Costs 14.52B as of 2026-03-31
Inventory, Real Estate 26.30B as of 2026-03-31
Deposits Assets 2.48B as of 2026-03-31
Operating Lease, Right-of-Use Asset 67.10M as of 2026-03-31
Property, Plant and Equipment, Net 593.10M as of 2026-03-31
Prepaid Expense 147.90M as of 2026-03-31
Other Assets 3.85B as of 2026-03-31
Servicing Asset 20.10M as of 2026-03-31
Goodwill 163.50M as of 2026-03-31
Other Payables to Broker-Dealers and Clearing Organizations 48.00M as of 2026-03-31
Accounts Payable 1.32B as of 2026-03-31
Employee-related Liabilities 565.50M as of 2026-03-31
Accrued Income Taxes 16.20M as of 2026-03-31
Interest Payable 55.80M as of 2026-03-31
Accrued Liabilities 3.47B as of 2026-03-31
Contract with Customer, Liability 113.10M as of 2026-03-31
Deferred Income Tax Assets, Net 0 as of 2026-03-31
Operating Lease, Liability 70.00M as of 2026-03-31
Assets 35.57B as of 2026-03-31
Accrual for Taxes Other than Income Taxes, Current 48.80M as of 2026-03-31
Notes Payable 6.56B as of 2026-03-31
Special Assessment Bond, Noncurrent 3.30B as of 2026-03-31
Deferred Income Tax Liabilities, Net 8.40M as of 2026-03-31
Liabilities 11.37B as of 2026-03-31
Preferred Stock, Value, Issued 0 as of 2026-03-31
Common Stock, Value, Issued 4.00M as of 2026-03-31
Additional Paid in Capital, Common Stock 3.60B as of 2026-03-31
Treasury Stock, Value 12.00B as of 2026-03-31
Retained Earnings (Accumulated Deficit) 32.02B as of 2026-03-31
Stockholders' Equity Attributable to Parent 23.63B as of 2026-03-31
Stockholders' Equity Attributable to Noncontrolling Interest 573.20M as of 2026-03-31
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 24.20B as of 2026-03-31
Liabilities and Equity 35.57B as of 2026-03-31
Unit shares · 6 concepts
Label Value Period
Preferred Stock, Shares Authorized 30.00M as of 2026-03-31
Preferred Stock, Shares Issued 0 as of 2026-03-31
Common Stock, Shares Authorized 1.00B as of 2026-03-31
Common Stock, Shares, Issued 404.88M as of 2026-03-31
Common Stock, Shares, Outstanding 284.94M as of 2026-03-31
Treasury Stock, Common, Shares 119.94M as of 2026-03-31
Unit US$ / share · 2 concepts
Label Value Period
Preferred Stock, Par or Stated Value Per Share $0.10 as of 2026-03-31
Common Stock, Par or Stated Value Per Share $0.01 as of 2026-03-31

Cash Flow Statement

28 concepts 1 unit
Unit US$ · 28 concepts
Label Value Period
Depreciation, Depletion and Amortization 55.80M 2025-10-01 → 2026-03-31
Share-based Payment Arrangement, Noncash Expense 76.00M 2025-10-01 → 2026-03-31
Stock Issued 111.10M 2025-10-01 → 2026-03-31
Increase (Decrease) in Finished Goods and Work in Process Inventories 884.30M 2025-10-01 → 2026-03-31
Increase (Decrease) in Inventory for Long-term Contracts or Programs -194.90M 2025-10-01 → 2026-03-31
Proceeds from Sale of Mortgage Loans Held-for-sale 10.20B 2025-10-01 → 2026-03-31
Payments for Origination of Mortgage Loans Held-for-sale 10.30B 2025-10-01 → 2026-03-31
Increase (Decrease) in Mortgage Loans Held-for-sale 114.30M 2025-10-01 → 2026-03-31
Increase (Decrease) in Deferred Income Taxes -53.10M 2025-10-01 → 2026-03-31
Increase (Decrease) in Other Operating Assets 26.20M 2025-10-01 → 2026-03-31
Increase (Decrease) in Accounts Payable and Accrued Liabilities 81.20M 2025-10-01 → 2026-03-31
Net Cash Provided by (Used in) Operating Activities 441.50M 2025-10-01 → 2026-03-31
Payments to Acquire Property, Plant, and Equipment 64.60M 2025-10-01 → 2026-03-31
Payments to Acquire Businesses, Net of Cash Acquired 87.90M 2025-10-01 → 2026-03-31
Payments for (Proceeds from) Other Investing Activities 7.90M 2025-10-01 → 2026-03-31
Net Cash Provided by (Used in) Investing Activities -160.40M 2025-10-01 → 2026-03-31
Proceeds from (Repayments of) Lines of Credit 69.90M 2025-10-01 → 2026-03-31
Proceeds from Notes Payable 1.40B 2025-10-01 → 2026-03-31
Repayments of Notes Payable 891.80M 2025-10-01 → 2026-03-31
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Including Option Exercised 8.90M 2025-10-01 → 2026-03-31
Payments for Repurchase of Common Stock 1.60B 2025-10-01 → 2026-03-31
Payments for Repurchase of Equity 1.60B 2025-10-01 → 2026-03-31
Payments of Ordinary Dividends, Common Stock 261.20M 2025-10-01 → 2026-03-31
Payment, Tax Withholding, Share-based Payment Arrangement 24.70M 2026-01-01 → 2026-03-31
Proceeds from (Payments for) Other Financing Activities -6.80M 2025-10-01 → 2026-03-31
Net Cash Provided by (Used in) Financing Activities -1.34B 2025-10-01 → 2026-03-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -1.06B 2025-10-01 → 2026-03-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.97B as of 2026-03-31

Notes

37 concepts 3 units
Unit US$ · 34 concepts
Label Value Period
Other Assets, Miscellaneous 80.30M as of 2026-03-31
Margin Deposit Assets 300.00K as of 2026-03-31
Construction Payable 506.70M as of 2026-03-31
Loss on Contract Termination 29.10M 2026-01-01 → 2026-03-31
Other Accrued Liabilities 117.50M as of 2026-03-31
Letters of Credit Outstanding, Amount 262.70M as of 2026-03-31
Inventory, Homes under Construction 8.55B as of 2026-03-31
Inventory, Land Held for Development and Sale 195.60M as of 2026-03-31
Real Estate Inventory, Capitalized Interest Costs 485.80M as of 2026-03-31
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Issuance of Equity by Subsidiary to Noncontrolling Interests 400.00K 2026-01-01 → 2026-03-31
Inventory, Land Held-for-sale 39.10M as of 2026-03-31
Inventory, Operative Builders, Other 3.00B as of 2026-03-31
Dividends, Common Stock, Cash 129.70M 2026-01-01 → 2026-03-31
Real Estate Inventory, Capitalized Interest Costs, Cost of Sales 38.10M 2026-01-01 → 2026-03-31
Litigation Settlement, Expense 58.00M 2025-10-01 → 2026-03-31
Loss Contingency Accrual 1.14B as of 2026-03-31
Loss Contingency Accrual, Payments 13.10M 2026-01-01 → 2026-03-31
Loss Contingency Accrual, Period Increase (Decrease) 27.00M 2026-01-01 → 2026-03-31
Standard Product Warranty Accrual 546.50M as of 2026-03-31
Standard Product Warranty Accrual, Increase for Warranties Issued 40.70M 2026-01-01 → 2026-03-31
Standard Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties -37.40M 2026-01-01 → 2026-03-31
Standard Product Warranty Accrual, Decrease for Payments 17.60M 2026-01-01 → 2026-03-31
StockRepurchaseProgramAuthorizedAmount1 5.00B as of 2026-03-31
Stock Repurchase Program, Remaining Authorized Repurchase Amount 1.70B as of 2026-03-31
Other Intangible Assets, Net 332.00M as of 2026-03-31
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value 44.50M as of 2026-03-31
Deferred Tax Assets, Valuation Allowance 14.60M as of 2026-03-31
Principal Amount Outstanding on Loans Held-for-sale or Securitization or Asset-backed Financing Arrangement 2.80B as of 2026-03-31
Other Derivatives Not Designated as Hedging Instruments Liabilities at Fair Value 0 as of 2026-03-31
Purchase Obligation 26.70B as of 2026-03-31
Interest Rate Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value 9.60M as of 2026-03-31
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance 2.68B as of 2026-03-31
Insurance Settlements Receivable 152.30M as of 2026-03-31
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 34.60M 2026-01-01 → 2026-03-31
Unit shares · 2 concepts
Label Value Period
Treasury Stock, Shares, Acquired 10.40M 2025-10-01 → 2026-03-31
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 1.10M 2026-01-01 → 2026-03-31
Unit pure · 1 concept
Label Value Period
Effective Income Tax Rate Reconciliation, Percent 0.241 2026-01-01 → 2026-03-31

Other

2 concepts 1 unit
Unit US$ · 2 concepts
Label Value Period
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture 8.60M 2026-01-01 → 2026-03-31
Stock Repurchased and Retired During Period, Value 903.60M 2026-01-01 → 2026-03-31

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (DHI CIK 0000882184), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.