D.R. Horton Inc. (DHI) reported $33.35B of revenue for the twelve months ended Jun 30, 2026. That is down 3.5% from the year before. Revenue for fiscal 2025 was $34.25B.

Yes. D.R. Horton Inc. earned $3.07B in net income for the twelve months ended Jun 30, 2026, a net margin of 9.2%.

How much cash and debt does DHI have?

D.R. Horton Inc. reported $2.08B in cash and cash equivalents and $7.11B of debt on its most recent balance sheet in SEC filings.

How fast is DHI revenue growing?

D.R. Horton Inc.'s revenue changed -6.9% in fiscal 2025, to $34.25B. Its compound annual growth rate was +11.0% over 5 years and +12.2% over 10 years.

What is DHI gross margin?

D.R. Horton Inc.'s gross profit was $7.54B on $33.35B of revenue for the twelve months ended Jun 30, 2026, a gross margin of 22.6%.

What is DHI free cash flow?

D.R. Horton Inc. generated $3.20B of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $3.35B less capital expenditures.

What is DHI earnings per share?

Diluted earnings per share were $10.49 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.

When did DHI last report financial results?

The latest statements here come from D.R. Horton Inc.'s 10-Q filed on Jul 23, 2026, covering the period ended Jun 30, 2026.

Where does this DHI financial data come from?

Quantisnow builds these statements from the structured XBRL data D.R. Horton Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · DHI

D.R. Horton Inc. (DHI) financials

For the twelve months ended Jun 30, 2026, D.R. Horton Inc. reported $33.35B of revenue and $3.07B of net income.

Revenue, TTM: $33.35B
Revenue growth, YoY: -3.5%
Net income, TTM: $3.07B
Net income growth, YoY: -22.9%
Net margin: 9.2%
Free cash flow, TTM: $3.20B
EPS, diluted, TTM: $10.49
EPS growth, YoY: -15.7%
Cash: $2.08B
Total debt: $7.11B
P/E: 13.64
P/S: 1.26
Market cap: $41.87B

Annual revenue$34.25B

FY2016FY2025

Annual net income$3.59B

FY2016FY2025

Annual free cash flow$3.28B

FY2016FY2025

DHI revenue and earnings growth

DHI revenueQ3 2026$9.23B

Quarter YoY: +0.0%
QoQ: +22.1%
FY YoY: -6.9%
5Y CAGR: +11.0%
10Y CAGR: +12.2%

DHI revenue was $9.23B in fiscal Q3 2026 (ended Jun 30, 2026), up 0.0% from a year earlier and up 22.1% from the prior quarter. For the full fiscal 2025 it was $34.25B, down 6.9% from fiscal 2024. Compound annual growth was +11.0% over 5 years and +12.2% over 10 years. It rose in 9 of the last 10 fiscal years.

DHI net incomeQ3 2026$904.90M

Quarter YoY: -11.7%
QoQ: +37.5%
FY YoY: -24.6%
5Y CAGR: +8.6%
10Y CAGR: +16.9%

DHI net income was $904.90M in fiscal Q3 2026 (ended Jun 30, 2026), down 11.7% from a year earlier and up 37.5% from the prior quarter. For the full fiscal 2025 it was $3.59B, down 24.6% from fiscal 2024. Compound annual growth was +8.6% over 5 years and +16.9% over 10 years. It rose in 8 of the last 10 fiscal years.

DHI EPSQ3 2026$3.20

Quarter YoY: -4.8%
QoQ: +42.9%
FY YoY: -19.3%
5Y CAGR: +12.5%
10Y CAGR: +19.0%

DHI diluted EPS was $3.20 in fiscal Q3 2026 (ended Jun 30, 2026), down 4.8% from a year earlier and up 42.9% from the prior quarter. For the full fiscal 2025 it was $11.57, down 19.3% from fiscal 2024. Compound annual growth was +12.5% over 5 years and +19.0% over 10 years.

DHI free cash flowQ3 2026$397.30M

Quarter YoY: -42.6%
FY YoY: +62.2%
5Y CAGR: +19.9%
10Y CAGR: +17.7%

DHI free cash flow was $397.30M in fiscal Q3 2026 (ended Jun 30, 2026), down 42.6% from a year earlier. For the full fiscal 2025 it was $3.28B, up 62.2% from fiscal 2024. Compound annual growth was +19.9% over 5 years and +17.7% over 10 years. It rose in 5 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Revenue	$34.25B	$36.80B	$35.46B	$33.48B	$27.77B	$20.31B	$17.59B	$16.07B	$14.09B	$12.16B
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 and admin	$3.69B	$3.60B	$3.25B	$2.93B	$2.56B	$2.05B	$1.83B	$1.68B	$1.47B	$1.32B
Interest expense	-	-	-	-	-	-	-	$0	-	-
Pre-tax 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
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
Diluted shares	309.9M	331.6M	343.3M	354.8M	365.8M	370.2M	377.4M	383.4M	378.9M	375.1M

Balance sheet

Balance sheet
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Cash and equivalents	$2.99B	$4.54B	$3.90B	$2.57B	$3.24B	$3.04B	$1.51B	$1.51B	$1.02B	$1.31B
Goodwill	$163.50M	$163.50M	$163.50M	$163.50M	$163.50M	$163.50M	$163.50M	$109.20M	$80.00M	-
Total assets	$35.47B	$36.10B	$32.58B	$30.35B	$24.02B	$18.91B	$15.61B	$14.11B	$12.18B	$11.56B
Total debt	$5.97B	$5.92B	$5.09B	$6.07B	$5.41B	$4.28B	$3.40B	$3.20B	$2.87B	$3.27B
Total liabilities	$10.73B	$10.28B	$9.44B	$10.57B	$8.80B	$6.79B	$5.31B	$4.96B	$4.44B	$4.77B
Shareholders' equity	$24.19B	$25.82B	$23.14B	$19.79B	$15.22B	$12.12B	$10.30B	$9.16B	$7.75B	$6.79B

Cash flow

Cash flow
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Operating cash flow	$3.42B	$2.19B	$4.30B	$561.80M	$534.40M	$1.42B	$892.10M	$545.20M	$440.20M	$623.90M
Capital expenditures	$137.40M	$165.30M	$148.60M	$148.20M	$93.50M	$96.50M	$127.20M	$68.10M	$102.70M	$78.10M
Free cash flow	$3.28B	$2.02B	$4.16B	$413.60M	$440.90M	$1.33B	$764.90M	$477.10M	$337.50M	$545.80M
Investing cash flow	-$168.70M	-$190.60M	-$310.20M	-$414.90M	-$252.20M	-$166.10M	-$394.00M	$19.00M	-$164.00M	-$112.60M
Financing cash flow	-$4.76B	-$1.36B	-$2.67B	-$811.20M	-$85.10M	$270.60M	-$490.10M	-$82.50M	-$564.60M	-$591.90M
Dividends paid	$494.80M	$395.20M	$341.20M	$316.50M	$289.30M	$256.00M	$223.40M	$188.40M	$149.60M	$118.70M
Share repurchases	$4.30B	$1.80B	$1.20B	$1.10B	$874.00M	$360.40M	$479.80M	$127.50M	$60.60M	$0
Stock-based compensation	$131.00M	$118.10M	$111.20M	$105.10M	$91.40M	$77.80M	$73.20M	$55.80M	$59.20M	$49.00M
Depreciation and amortization	$101.30M	$87.10M	$91.60M	$81.40M	$82.10M	$90.60M	$72.00M	$62.40M	$54.70M	$61.00M

Key ratios

Key ratios
Line item	FY2025 Sep 30, 2025	FY2024 Sep 30, 2024	FY2023 Sep 30, 2023	FY2022 Sep 30, 2022	FY2021 Sep 30, 2021	FY2020 Sep 30, 2020	FY2019 Sep 30, 2019	FY2018 Sep 30, 2018	FY2017 Sep 30, 2017	FY2016 Sep 30, 2016
Revenue growth, YoY	-6.9%	3.8%	5.9%	20.5%	36.7%	15.5%	9.5%	14.0%	15.9%	12.3%
Net income growth, YoY	-24.6%	0.2%	-19.0%	40.3%	75.9%	46.7%	10.8%	40.6%	17.2%	18.1%
EPS growth, YoY	-19.3%	3.8%	-16.3%	44.7%	78.0%	49.4%	12.6%	39.1%	16.1%	16.3%
Gross margin	23.7%	25.9%	26.4%	31.4%	28.4%	24.3%	22.0%	22.8%	21.6%	21.8%
Net margin	10.5%	12.9%	13.4%	17.5%	15.0%	11.7%	9.2%	9.1%	7.4%	7.3%
Free cash flow margin	9.6%	5.5%	11.7%	1.2%	1.6%	6.5%	4.3%	3.0%	2.4%	4.5%
Return on equity	14.8%	18.4%	20.5%	29.6%	27.4%	19.6%	15.7%	15.9%	13.4%	13.0%
Return on assets	10.1%	13.2%	14.6%	19.3%	17.4%	12.6%	10.4%	10.3%	8.5%	7.7%
Debt to equity	0.25	0.23	0.22	0.31	0.36	0.35	0.33	0.35	0.37	0.48

Income statement

Income statement
Line item	Q3 2026 Jun 30, 2026	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023
Revenue	$9.23B	$7.56B	$6.89B	$9.68B	$9.23B	$7.73B	$7.61B	$10.00B	$9.97B	$9.11B	$7.73B	$10.50B
Cost of revenue	$7.08B	$5.85B	$5.29B	$7.58B	$7.02B	$5.83B	$5.70B	$7.45B	$7.32B	$6.77B	$5.72B	$7.68B
Gross profit	$2.15B	$1.70B	$1.59B	$2.10B	$2.21B	$1.90B	$1.91B	$2.55B	$2.64B	$2.33B	$2.01B	$2.82B
Selling, general and admin	$991.20M	$903.30M	$865.10M	$970.90M	$944.30M	$898.70M	$878.10M	$960.30M	$923.60M	$880.60M	$835.00M	$886.20M
Pre-tax income	$1.23B	$867.40M	$798.10M	$1.20B	$1.36B	$1.07B	$1.11B	$1.71B	$1.80B	$1.53B	$1.25B	$2.02B
Income tax	$307.50M	$209.40M	$196.70M	$288.00M	$325.00M	$248.00M	$258.00M	$409.90M	$432.20M	$344.80M	$291.80M	$492.80M
Net income	$904.90M	$658.00M	$601.40M	$905.30M	$1.02B	$819.10M	$851.90M	$1.28B	$1.35B	$1.18B	$955.70M	$1.51B
EPS, basic	$3.21	$2.25	$2.03	$3.03	$3.37	$2.59	$2.63	$3.94	$4.12	$3.54	$2.84	$4.46
EPS, diluted	$3.20	$2.24	$2.03	$3.02	$3.36	$2.58	$2.61	$3.90	$4.10	$3.52	$2.82	$4.43
Diluted shares	283.0M	289.0M	293.3M	-	304.9M	314.0M	323.3M	-	330.1M	333.3M	335.7M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Jun 30, 2026	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023
Cash and equivalents	$2.08B	$1.92B	$2.51B	$2.99B	$2.66B	$2.52B	$3.07B	$4.54B	$3.02B	$3.09B	$3.34B	$3.90B
Goodwill	$163.50M	$163.50M	$163.50M	$163.50M	$163.50M	$163.50M	$163.50M	$163.50M	$163.50M	$163.50M	$163.50M	$163.50M
Total assets	$36.51B	$35.57B	$34.64B	$35.47B	$36.40B	$35.69B	$35.03B	$36.10B	$35.15B	$34.40B	$33.38B	$32.58B
Total debt	$7.11B	$6.56B	$5.55B	$5.97B	$7.25B	$6.52B	$5.10B	$5.92B	$5.69B	$5.94B	$5.29B	$5.09B
Total liabilities	$12.10B	$11.37B	$10.08B	$10.73B	$11.80B	$10.83B	$9.57B	$10.28B	$10.00B	$10.10B	$9.78B	$9.44B
Shareholders' equity	$23.82B	$24.20B	$24.56B	$24.19B	$24.59B	$24.86B	$25.46B	$25.82B	$25.15B	$24.30B	$23.60B	$23.14B

Cash flow

Cash flow
Line item	Q3 2026 Jun 30, 2026	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023
Operating cash flow	$439.30M	-$412.50M	$854.00M	$2.47B	$738.60M	-$436.20M	$646.70M	$1.96B	$698.30M	-$316.70M	-$153.40M	$2.04B
Capital expenditures	$42.00M	$37.20M	$27.40M	$43.80M	$46.00M	$34.30M	$13.30M	$32.00M	$62.00M	$23.70M	$47.60M	$40.30M
Free cash flow	$397.30M	-$449.70M	$826.60M	$2.43B	$692.60M	-$470.50M	$633.40M	$1.93B	$636.30M	-$340.40M	-$201.00M	$2.00B
Investing cash flow	-$53.10M	-$44.20M	-$116.20M	-$45.20M	-$29.00M	-$37.40M	-$57.10M	-$29.50M	-$95.10M	-$26.70M	-$39.30M	-$1.70M
Financing cash flow	-$225.50M	-$122.10M	-$1.22B	-$2.06B	-$562.80M	-$77.30M	-$2.06B	-$408.10M	-$676.60M	$92.20M	-$362.80M	-$1.55B
Dividends paid	$127.10M	$129.70M	$131.50M	$118.40M	$122.40M	$125.50M	$128.50M	$97.70M	$98.40M	$99.20M	$99.90M	$84.30M
Share repurchases	$600.00M	$930.30M	$669.70M	$700.00M	$1.00B	$1.50B	$1.10B	$600.00M	$399.50M	$402.20M	$398.30M	$435.80M
Stock-based compensation	$31.50M	$34.60M	$41.40M	$29.90M	$25.90M	$32.20M	$43.00M	$25.40M	$26.80M	$25.00M	$40.90M	$30.60M
Depreciation and amortization	$29.00M	$28.10M	$27.70M	$27.40M	$25.20M	$24.60M	$24.10M	$23.60M	$22.40M	$21.10M	$20.00M	$21.40M

Key ratios

Key ratios
Line item	Q3 2026 Jun 30, 2026	Q2 2026 Mar 31, 2026	Q1 2026 Dec 31, 2025	Q4 2025* Sep 30, 2025	Q3 2025 Jun 30, 2025	Q2 2025 Mar 31, 2025	Q1 2025 Dec 31, 2024	Q4 2024* Sep 30, 2024	Q3 2024 Jun 30, 2024	Q2 2024 Mar 31, 2024	Q1 2024 Dec 31, 2023	Q4 2023* Sep 30, 2023
Revenue growth, YoY	0.0%	-2.3%	-9.5%	-3.2%	-7.4%	-15.1%	-1.5%	-4.8%	2.5%	14.2%	6.5%	9.0%
Net income growth, YoY	-11.7%	-19.7%	-29.4%	-29.5%	-24.3%	-30.8%	-10.9%	-15.0%	1.4%	24.7%	-1.3%	-7.5%
EPS growth, YoY	-4.8%	-13.2%	-22.2%	-22.6%	-18.0%	-26.7%	-7.4%	-12.0%	5.1%	28.9%	2.2%	-4.5%
Gross margin	23.3%	22.5%	23.2%	21.7%	23.9%	24.6%	25.1%	25.5%	26.5%	25.6%	26.0%	26.9%
Net margin	9.8%	8.7%	8.7%	9.4%	11.1%	10.6%	11.2%	12.8%	13.6%	13.0%	12.4%	14.4%
Free cash flow margin	4.3%	-5.9%	12.0%	25.1%	7.5%	-6.1%	8.3%	19.3%	6.4%	-3.7%	-2.6%	19.1%
Debt to equity	0.30	0.27	0.23	0.25	0.29	0.26	0.20	0.23	0.23	0.24	0.22	0.22

Source: XBRL data D.R. Horton Inc. files with the SEC, latest filing dated Jul 23, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DHI peers

Company	Revenue	Growth	Net income	Net margin	Market cap
DHI	$33.35B	-3.5%	$3.07B	9.2%	$41.87B
LENLennar Corporation	$31.97B	-8.0%	$1.31B	4.1%	$20.62B
TOLToll Brothers Inc.	$10.76B	-1.1%	$1.20B	11.1%	$14.02B
MTHMeritage Homes Corporation	-	-	$297.75M	-	$4.33B
KBHKB Home	$5.18B	-20.8%	$227.57M	4.4%	$3.07B

DHI FAQ

9 questions

What is DHI revenue?
D.R. Horton Inc. (DHI) reported $33.35B of revenue for the twelve months ended Jun 30, 2026. That is down 3.5% from the year before. Revenue for fiscal 2025 was $34.25B.
Is DHI profitable?
Yes. D.R. Horton Inc. earned $3.07B in net income for the twelve months ended Jun 30, 2026, a net margin of 9.2%.
How much cash and debt does DHI have?
D.R. Horton Inc. reported $2.08B in cash and cash equivalents and $7.11B of debt on its most recent balance sheet in SEC filings.
How fast is DHI revenue growing?
D.R. Horton Inc.'s revenue changed -6.9% in fiscal 2025, to $34.25B. Its compound annual growth rate was +11.0% over 5 years and +12.2% over 10 years.
What is DHI gross margin?
D.R. Horton Inc.'s gross profit was $7.54B on $33.35B of revenue for the twelve months ended Jun 30, 2026, a gross margin of 22.6%.
What is DHI free cash flow?
D.R. Horton Inc. generated $3.20B of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $3.35B less capital expenditures.
What is DHI earnings per share?
Diluted earnings per share were $10.49 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
When did DHI last report financial results?
The latest statements here come from D.R. Horton Inc.'s 10-Q filed on Jul 23, 2026, covering the period ended Jun 30, 2026.
Where does this DHI financial data come from?
Quantisnow builds these statements from the structured XBRL data D.R. Horton Inc. files with the SEC. It is provided for information only and is not investment advice.