D. R. Horton (DHI) financials
D. R. Horton revenue and earnings by year
D. R. Horton's revenue was $34.3 billion in the fiscal year to September 30, 2025, down 6.9% from the year before. Net income was $3.59 billion, 10.5% of revenue. Since the fiscal year to September 30, 2016, revenue has grown 12.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34.3 | 36.8 | 35.5 | 33.5 | 27.8 | 20.3 | 17.6 | 16.1 | 14.1 | 12.2 |
| Revenue growth | -6.9% | 3.8% | 5.9% | 20.5% | 36.7% | 15.5% | 9.5% | 14.0% | 15.9% | — |
| Gross profit | 8.1 | 9.5 | 9.4 | 10.5 | 7.9 | 4.9 | 3.9 | 3.7 | 3.0 | 2.7 |
| Gross margin | 23.7% | 25.9% | 26.4% | 31.4% | 28.4% | 24.3% | 22.0% | 22.8% | 21.6% | 21.8% |
| Operating income | 4.4 | 5.9 | 6.1 | 7.6 | 5.3 | 2.9 | 2.1 | 2.0 | 1.6 | 1.3 |
| Operating margin | 12.9% | 16.1% | 17.2% | 22.6% | 19.2% | 14.5% | 11.9% | 12.5% | 11.2% | 11.0% |
| Net income | 3.6 | 4.8 | 4.7 | 5.9 | 4.2 | 2.4 | 1.6 | 1.5 | 1.0 | 0.9 |
| 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 | $6.42 | $4.30 | $3.80 | $2.73 | $2.35 |
| Free cash flow | 3.3 | 2.0 | 4.2 | 0.4 | 0.3 | 1.3 | 0.8 | 0.4 | 0.3 | 0.5 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open DHI in Markets.
How D. R. Horton makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Home Building Ops | $8.69B | 90.7% |
| Forestar Group | $407M | 4.2% |
| Rental | $266M | 2.8% |
| Financial Services | $221M | 2.3% |
See also: DHI valuation and P/E history · DHI returns
No forecast, no recommendation. This page describes D. R. Horton from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.