D.R. Horton financials
$136.65−1.97%
Close Sep 30, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Sep 30 | FY24 Sep 30 | FY23 Sep 30 | FY22 Sep 30 | FY21 Sep 30 | FY20 Sep 30 | FY19 Sep 30 | FY18 Sep 30 | FY17 Sep 30 | FY16 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.25B | $36.80B | $35.46B | $33.48B | $27.77B | $20.31B | $17.59B | $16.07B | $14.09B | $12.16B |
| Gross profit | $8.12B | $9.54B | $9.35B | $10.50B | $7.88B | $4.94B | $3.87B | $3.67B | $3.05B | $2.65B |
| Gross margin | 23.7% | 25.9% | 26.4% | 31.4% | 28.4% | 24.3% | 22.0% | 22.8% | 21.6% | 21.8% |
| Operating income | $4.42B | $5.94B | $6.10B | $7.57B | $5.32B | $2.89B | $2.04B | $1.99B | $1.58B | $1.33B |
| Net income | $3.59B | $4.76B | $4.75B | $5.86B | $4.18B | $2.37B | $1.62B | $1.46B | $1.04B | $886.3M |
| Net margin | 10.5% | 12.9% | 13.4% | 17.5% | 15.0% | 11.7% | 9.2% | 9.1% | 7.4% | 7.3% |
| Diluted EPS | $11.57 | $14.34 | $13.82 | $16.51 | $11.41 | $6.41 | $4.29 | $3.81 | $2.74 | $2.36 |
| EBITDA | $4.53B | $6.02B | $6.19B | $7.65B | $5.40B | $2.98B | $2.11B | $2.06B | $1.63B | $1.40B |
| Operating cash flow | $3.42B | $2.19B | $4.30B | $561.8M | $534.4M | $1.42B | $892.1M | $545.2M | $440.2M | $623.9M |
| Free cash flow | $3.28B | $2.02B | $4.16B | $413.6M | $267.0M | $1.13B | $668.0M | $406.9M | $282.9M | $537.8M |
| Diluted shares | 309.9M | 331.6M | 343.3M | 354.8M | 365.8M | 370.2M | 377.4M | 383.4M | 378.9M | 375.1M |
Balance sheet
| Period end | Sep 30 | Sep 30 | Sep 30 | Sep 30 | Sep 30 | Sep 30 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.99B | $4.52B | $3.87B | $2.54B | $3.21B | $3.02B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $5.97B | $5.92B | $5.09B | $6.07B | $5.41B | $4.28B |
| Total assets | $35.47B | $36.10B | $32.58B | $30.35B | $24.02B | $18.91B |
| Total liabilities | $10.73B | $10.28B | $9.44B | $10.57B | $8.80B | $6.79B |
| Shareholders' equity | $24.74B | $25.82B | $23.14B | $19.79B | $15.22B | $12.12B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology