Horton D R Inc (DHI) Financial Statements
Industry: Operative Builders
In fiscal 2025, Horton D R reported revenue of $34.25B, down 6.9% from $36.80B the year before. Net income was $3.59B (a 10.5% net margin), or $11.57 per diluted share. Gross margin was 23.7% and operating margin was 12.9%. Operating activities generated $3.42B of cash, leaving $3.28B of free cash flow. At fiscal year end, Horton D R held $35.47B in total assets against $10.73B in total liabilities, including $2.99B of cash and equivalents.
Open the full interactive Horton D R financials → Quarterly statements, key ratios, valuation history and price charts.
Horton D R Key Stats
| Share Price | $135.45 |
|---|---|
| Market Cap | $38.33B |
| P/E Ratio | 11.7 |
| Revenue YoY Growth | -6.9% |
| 52-Week Range | $131.74 – $166.78 |
| Shares Outstanding | 282.2 million (basic, 2026 Q3) |
Horton D R Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $20.31B | $27.77B | $33.48B | $35.46B | $36.80B | $34.25B |
| Gross Profit | $4.94B | $7.88B | $10.50B | $9.35B | $9.54B | $8.12B |
| Operating Income | $2.89B | $5.32B | $7.57B | $6.10B | $5.94B | $4.42B |
| Pre-Tax Income | $2.98B | $5.36B | $7.63B | $6.31B | $6.28B | $4.74B |
| Income Tax | $602.5M | $1.17B | $1.73B | $1.52B | $1.48B | $1.12B |
| Net Income | $2.37B | $4.18B | $5.86B | $4.75B | $4.76B | $3.59B |
| Diluted EPS | $6.41 | $11.41 | $16.51 | $13.82 | $14.34 | $11.57 |
Horton D R Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $9.68B | $6.89B | $7.56B | $9.23B |
| Net Income | $905.3M | $594.8M | $647.9M | $904.9M |
| Diluted EPS | $2.92 | $2.03 | $2.24 | $3.20 |
Horton D R Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.02B | $3.21B | $2.54B | $3.87B | $4.52B | $2.99B |
| Total Assets | $18.91B | $24.02B | $30.35B | $32.58B | $36.10B | $35.47B |
| Total Long-Term Debt | $4.28B | $5.41B | $6.07B | $5.09B | $5.92B | $5.97B |
| Total Liabilities | $6.79B | $8.80B | $10.57B | $9.44B | $10.28B | $10.73B |
| Shareholders' Equity | $11.84B | $14.89B | $19.40B | $22.70B | $25.31B | $24.19B |
Horton D R Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.42B | $534.4M | $561.8M | $4.30B | $2.19B | $3.42B |
| Cash From Investing | -$166.1M | -$252.2M | -$414.9M | -$310.2M | -$190.6M | -$168.7M |
| Cash From Financing | $270.6M | -$85.1M | -$811.2M | -$2.67B | -$1.36B | -$4.76B |
| Free Cash Flow | $1.33B | $440.9M | $413.6M | $4.16B | $2.02B | $3.28B |
Figures from Horton D R's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Horton D R financials page for every line item.
Horton D R Company Profile
| Ticker | DHI |
|---|---|
| Exchange | NYSE |
| Industry | Operative Builders |
| Headquarters | Arlington, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | September 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000882184 |
Frequently Asked Questions
What was Horton D R's revenue in fiscal 2025?
Horton D R (DHI) reported revenue of $34.25B for fiscal 2025.
What is Horton D R's annual revenue history?
Horton D R's annual revenue by fiscal year: 2020: $20.31B; 2021: $27.77B; 2022: $33.48B; 2023: $35.46B; 2024: $36.80B; 2025: $34.25B.
What was Horton D R's net income in fiscal 2025?
Horton D R reported net income of $3.59B for fiscal 2025.
What was Horton D R's earnings per share (EPS) in fiscal 2025?
Horton D R's diluted EPS was $11.57 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Horton D R generate in fiscal 2025?
Horton D R generated $3.28B of free cash flow in fiscal 2025.
What was Horton D R's revenue last quarter?
In its most recent reported quarter (2026 Q3), Horton D R reported revenue of $9.23B.
How much debt does Horton D R have?
Horton D R reported $5.97B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Horton D R are outstanding?
Horton D R reported a weighted average of 282.2 million basic shares outstanding in 2026 Q3.
What is Horton D R's market cap?
Based on its latest closing price, Horton D R (DHI) has a market capitalization of about $38.33B.
When does Horton D R's fiscal year end?
Horton D R's fiscal year end, as registered with the SEC, is September 30.
Where is Horton D R headquartered?
Horton D R lists its business address in Arlington, Texas in its SEC filings.