D.R. Horton, Inc. (DHI)
Consumer Cyclical · Residential Construction · NYSE
D.R. Horton, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.16B | $14.09B | $16.07B | $17.59B | $20.31B | $27.77B | $33.48B | $35.46B | $36.80B | $34.25B |
| Gross profit | $2.65B | $3.05B | $3.67B | $3.87B | $4.94B | $7.88B | $10.50B | $9.35B | $9.54B | $8.12B |
| Net income | $886.30M | $1.04B | $1.46B | $1.62B | $2.37B | $4.18B | $5.86B | $4.75B | $4.76B | $3.59B |
| Net margin | 7.3% | 7.4% | 9.1% | 9.2% | 11.7% | 15.0% | 17.5% | 13.4% | 12.9% | 10.5% |
Source: D.R. Horton, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into DHI stock?
At today's market cap of $42.84B, D.R. Horton, Inc. is priced for free-cash-flow growth of about 1.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $3.28B from the FY ending 2025-09-30). For comparison, free cash flow actually grew 19.9%/yr over the last five fiscal years and revenue 11%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of D.R. Horton, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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D.R. Horton, Inc. financial history by metric
About D.R. Horton, Inc.
D.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 126 markets across 36 states under the names of D.R. Horton. The company also constructs and sells single-family detached homes; and attached homes, such as townhomes and duplexes. In addition, it provides mortgage financing and title agency services; and engages in the residential lot development business. Further, the company develops, constructs, owns, leases, and sells multi-family and single-family rental properties; conducts insurance-related operations; and owns water rights and other water-related assets, as well as non-residential real estate, including ranch land and improvements. It primarily serves homebuyers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Arlington, Texas.
D.R. Horton, Inc. — frequently asked questions
What is D.R. Horton, Inc.'s revenue?
D.R. Horton, Inc. (DHI) reported revenue of $34.25B for fiscal year 2025, down 6.9% from the prior year, according to its SEC filings.
Is D.R. Horton, Inc. profitable?
Yes. DHI earned net income of $3.59B in fiscal 2025, a net margin of 10.5%.
What is DHI's P/E ratio?
D.R. Horton, Inc. trades at a price-to-earnings ratio of about 14.2 based on the latest data in our nightly-refreshed cache.
How fast is D.R. Horton, Inc. growing?
DHI's revenue grew at roughly 11.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does D.R. Horton, Inc. have?
As of fiscal year 2025, DHI carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is D.R. Horton, Inc.'s gross margin?
DHI's gross margin was 23.7% in fiscal 2025 — gross profit of $8.12B on revenue of $34.25B.
What is D.R. Horton, Inc.'s market cap?
D.R. Horton, Inc. (DHI) has a market capitalization of about $42.84B, based on the latest data in our nightly-refreshed cache.
When does D.R. Horton, Inc.'s fiscal year end?
DHI's fiscal year ends in September. Its most recent annual filing covers the fiscal year ending 2025-09-30.
What growth is priced into DHI stock?
At today's market cap of $42.84B, D.R. Horton, Inc. is priced for free-cash-flow growth of about 1.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $3.28B from the FY ending 2025-09-30). For comparison, free cash flow actually grew 19.9%/yr over the last five fiscal years and revenue 11%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from D.R. Horton, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.