DHI
DR Horton Inc
NYSE: DHI · CONSUMER CYCLICAL · RESIDENTIAL CONSTRUCTION
$151.65
-3.04% today
Updated 2026-04-29
Market cap
$43.00B
P/E ratio
14.24
P/S ratio
1.29x
EPS (TTM)
$10.65
Dividend yield
1.09%
52W range
$113 – $183
Volume
2.7M
DR Horton Inc (DHI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.05B | $11.30B | $6.65B | $3.66B | $4.40B | $3.64B | $4.35B | $6.26B | $8.02B | $10.82B | $12.16B | $14.09B | $16.07B | $17.59B | $20.31B | $27.77B | $33.48B | $35.46B | $36.80B | $34.25B |
| Revenue growth (YoY) | — | -24.9% | -41.2% | -45.0% | +20.3% | -17.3% | +19.7% | +43.8% | +28.2% | +34.9% | +12.3% | +15.9% | +14.0% | +9.5% | +15.5% | +36.7% | +20.5% | +5.9% | +3.8% | -6.9% |
| Cost of revenue | $11.42B | $10.49B | $8.28B | $3.54B | $3.63B | $3.02B | $3.49B | $4.85B | $6.27B | $8.54B | $9.50B | $11.04B | $12.40B | $13.72B | $15.37B | $19.90B | $22.98B | $26.11B | $27.27B | $26.13B |
| Gross profit | $3.63B | $811.40M | $-1.64B | $118.90M | $772.60M | $613.50M | $861.60M | $1.41B | $1.76B | $2.29B | $2.65B | $3.05B | $3.67B | $3.87B | $4.94B | $7.88B | $10.50B | $9.35B | $9.54B | $8.12B |
| Gross margin | 24.1% | 7.2% | -24.6% | 3.3% | 17.6% | 16.9% | 19.8% | 22.5% | 21.9% | 21.1% | 21.8% | 21.6% | 22.8% | 22.0% | 24.3% | 28.4% | 31.4% | 26.4% | 25.9% | 23.7% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $1.66B | $1.30B | $891.90M | $601.10M | $599.20M | $556.30M | $614.10M | $616.70M | $782.90M | $960.60M | $1.07B | $1.19B | $1.36B | $1.79B | $2.05B | $2.52B | $2.89B | $3.18B | $3.60B | $3.69B |
| Operating income | $1.97B | $-483.90M | $-2.53B | $-482.20M | $173.40M | $57.20M | $247.40M | $639.50M | $809.80M | $1.15B | $1.38B | $1.66B | $2.04B | $2.05B | $2.95B | $5.39B | $7.71B | $6.24B | $6.11B | $4.42B |
| Operating margin | 13.1% | -4.3% | -38.0% | -13.2% | 3.9% | 1.6% | 5.7% | 10.2% | 10.1% | 10.6% | 11.4% | 11.8% | 12.7% | 11.7% | 14.5% | 19.4% | 23.0% | 17.6% | 16.6% | 12.9% |
| EBITDA | $2.10B | $-863.20M | $-2.54B | $-429.40M | $204.90M | $83.90M | $288.60M | $685.60M | $852.60M | $1.18B | $1.41B | $1.66B | $2.12B | $2.20B | $3.06B | $5.43B | $7.71B | $6.41B | $6.37B | $4.84B |
| EBITDA margin | 13.9% | -7.6% | -38.2% | -11.7% | 4.7% | 2.3% | 6.6% | 11.0% | 10.6% | 10.9% | 11.6% | 11.8% | 13.2% | 12.5% | 15.1% | 19.6% | 23.0% | 18.1% | 17.3% | 14.1% |
| EBIT | $2.04B | $-927.60M | $-2.60B | $-455.10M | $187.70M | $64.00M | $269.80M | $662.90M | $814.20M | $1.12B | $1.35B | $1.60B | $2.06B | $2.13B | $2.98B | $5.36B | $7.63B | $6.31B | $6.28B | $4.74B |
| Interest expense | $55.00M | $23.60M | $42.70M | $97.20M | $88.20M | $51.90M | $26.90M | $5.10M | $0.00 | $0.00 | $13.50M | $14.50M | $9.30M | $140.20M | $153.30M | $152.20M | $21.20M | $154.50M | $135.00M | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.23B | $-712.50M | $-2.63B | $-545.30M | $245.10M | $71.80M | $956.30M | $462.70M | $533.50M | $750.70M | $886.30M | $1.04B | $1.46B | $1.62B | $2.37B | $4.18B | $5.86B | $4.75B | $4.76B | $3.59B |
| Net income growth (YoY) | — | -157.8% | -269.6% | +79.3% | +144.9% | -70.7% | +1231.9% | -51.6% | +15.3% | +40.7% | +18.1% | +17.2% | +40.6% | +10.8% | +46.7% | +75.9% | +40.3% | -19.0% | +0.2% | -24.6% |
| Profit margin | 8.2% | -6.3% | -39.6% | -14.9% | 5.6% | 2.0% | 22.0% | 7.4% | 6.6% | 6.9% | 7.3% | 7.4% | 9.1% | 9.2% | 11.7% | 15.0% | 17.5% | 13.4% | 12.9% | 10.5% |