D.R. Horton, Inc. financials

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DHI CIK 0000882184

Source: EDGAR filings · Built 2026-06-02T02:49:54Z

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 0.25× 0.24× 0.23× 0.32× 0.37× 0.36×
Effective Tax Rate 23.61% 23.53% 24.06% 22.73% 21.75% 20.20%
Cash Conversion Ratio 0.95× 0.46× 0.91× 0.10× 0.13× 0.60×
Accruals Ratio 0.00× 0.07× 0.01× 0.17× 0.15× 0.05×
SBC % of Revenue 0.38% 0.32% 0.31% 0.31% 0.33% 0.38%
CapEx Coverage 24.90× 13.25× 28.96× 3.79× 5.72× 14.73×
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) 14.65× 13.30× 7.78× 4.08× 7.36× 11.80×
P/FCF 15.99× 31.25× 8.88× 57.78× 69.67× 21.13×
FCF Yield 6.25% 3.20% 11.26% 1.73% 1.44% 4.73%
P/S 1.46× 1.68× 1.01× 0.69× 1.08× 1.36×
P/B 2.06× 2.44× 1.59× 1.19× 2.01× 2.33×

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.

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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.

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