InsiderClue
Stocks · Industrials · Operative Builders

D. R. Horton

DHI Clue Score54
United States Fiscal year ends September CIK 0000882184
$134.88 -0.69% Close, 9 Oct 2026
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Price $134.88 +61.94% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2017Revenue14.09Net income1.04EPS, diluted2.74Fiscal year 2018Revenue16.07 +14.0%Net income1.46 +40.6%EPS, diluted3.81 +39.1%Fiscal year 2019Revenue17.59 +9.5%Net income1.62 +10.8%EPS, diluted4.29 +12.6%Fiscal year 2020Revenue20.31 +15.5%Net income2.37 +46.7%EPS, diluted6.41 +49.4%Fiscal year 2021Revenue27.77 +36.7%Net income4.18 +75.9%EPS, diluted11.41 +78.0%Fiscal year 2022Revenue33.48 +20.5%Net income5.86 +40.3%EPS, diluted16.51 +44.7%Fiscal year 2023Revenue35.46 +5.9%Net income4.75 −19.0%EPS, diluted13.82 −16.3%Fiscal year 2024Revenue36.80 +3.8%Net income4.76 +0.2%EPS, diluted14.34 +3.8%Fiscal year 2025Revenue34.25 −6.9%Net income3.59 −24.6%EPS, diluted11.57 −19.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 14.09 16.07 17.59 20.31 27.77 33.48 35.46 36.80 34.25
Growth +14.0% +9.5% +15.5% +36.7% +20.5% +5.9% +3.8% −6.9%
Net income 1.04 1.46 1.62 2.37 4.18 5.86 4.75 4.76 3.59
Growth +40.6% +10.8% +46.7% +75.9% +40.3% −19.0% +0.2% −24.6%
EPS, diluted 2.74 3.81 4.29 6.41 11.41 16.51 13.82 14.34 11.57
Growth +39.1% +12.6% +49.4% +78.0% +44.7% −16.3% +3.8% −19.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2017Net margin7.4%Free cash flow margin2.4%Fiscal year 2018Net margin9.1%Free cash flow margin3.0%Fiscal year 2019Net margin9.2%Free cash flow margin4.3%Fiscal year 2020Net margin11.7%Free cash flow margin6.5%Fiscal year 2021Net margin15.0%Free cash flow margin1.6%Fiscal year 2022Net margin17.5%Free cash flow margin1.2%Fiscal year 2023Net margin13.4%Free cash flow margin11.7%Fiscal year 2024Net margin12.9%Free cash flow margin5.5%Fiscal year 2025Net margin10.5%Free cash flow margin9.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 7.4% 9.1% 9.2% 11.7% 15.0% 17.5% 13.4% 12.9% 10.5%
Free cash flow margin 2.4% 3.0% 4.3% 6.5% 1.6% 1.2% 11.7% 5.5% 9.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow0.44Capital expenditure−0.10Free cash flow0.34Buybacks−0.06Dividends paid−0.15Fiscal year 2018Operating cash flow0.55Capital expenditure−0.07Free cash flow0.48 +41.4%Buybacks−0.13Dividends paid−0.19Fiscal year 2019Operating cash flow0.89Capital expenditure−0.13Free cash flow0.76 +60.3%Buybacks−0.48Dividends paid−0.22Fiscal year 2020Operating cash flow1.42Capital expenditure−0.10Free cash flow1.33 +73.2%Buybacks−0.36Dividends paid−0.26Fiscal year 2021Operating cash flow0.53Capital expenditure−0.09Free cash flow0.44 −66.7%Buybacks−0.87Dividends paid−0.29Fiscal year 2022Operating cash flow0.56Capital expenditure−0.15Free cash flow0.41 −6.2%Buybacks−1.10Dividends paid−0.32Fiscal year 2023Operating cash flow4.30Capital expenditure−0.15Free cash flow4.16 +904.7%Buybacks−1.20Dividends paid−0.34Fiscal year 2024Operating cash flow2.19Capital expenditure−0.17Free cash flow2.02 −51.3%Buybacks−1.80Dividends paid−0.40Fiscal year 2025Operating cash flow3.42Capital expenditure−0.14Free cash flow3.28 +62.2%Buybacks−4.30Dividends paid−0.49
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.44 0.55 0.89 1.42 0.53 0.56 4.30 2.19 3.42
Capital expenditure −0.10 −0.07 −0.13 −0.10 −0.09 −0.15 −0.15 −0.17 −0.14
Free cash flow 0.34 0.48 0.76 1.33 0.44 0.41 4.16 2.02 3.28
Growth +41.4% +60.3% +73.2% −66.7% −6.2% +904.7% −51.3% +62.2%
Buybacks −0.06 −0.13 −0.48 −0.36 −0.87 −1.10 −1.20 −1.80 −4.30
Dividends paid −0.15 −0.19 −0.22 −0.26 −0.29 −0.32 −0.34 −0.40 −0.49

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash1.01Shareholders’ equity7.75Fiscal year 2018Cash1.47Shareholders’ equity8.98Fiscal year 2019Cash1.49Shareholders’ equity10.02Fiscal year 2020Cash3.02Shareholders’ equity11.84Fiscal year 2021Cash3.21Shareholders’ equity14.89Fiscal year 2022Cash2.54Shareholders’ equity19.40Fiscal year 2023Cash3.87Shareholders’ equity22.70Fiscal year 2024Cash4.52Shareholders’ equity25.31Fiscal year 2025Cash2.99Shareholders’ equity24.19
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.01 1.47 1.49 3.02 3.21 2.54 3.87 4.52 2.99
Shareholders’ equity 7.75 8.98 10.02 11.84 14.89 19.40 22.70 25.31 24.19

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Revenue and profit
14.09 16.07 17.59 20.31 27.77 33.48 35.46 36.80 34.25
Growth +14.0% +9.5% +15.5% +36.7% +20.5% +5.9% +3.8% −6.9%
11.04 12.40 13.72 15.37 19.90 22.98 26.11 27.27 26.13
1.47 1.68 1.83 2.05 2.56 2.93 3.25 3.60 3.69
1.60 2.06 2.13 2.98 5.36 7.63 6.31 6.28 4.74
0.56 0.60 0.51 0.60 1.17 1.73 1.52 1.48 1.12
1.04 1.46 1.62 2.37 4.18 5.86 4.75 4.76 3.59
Growth +40.6% +10.8% +46.7% +75.9% +40.3% −19.0% +0.2% −24.6%
Per share
2.77 3.88 4.34 6.49 11.56 16.65 13.93 14.44 11.62
2.74 3.81 4.29 6.41 11.41 16.51 13.82 14.34 11.57
Growth +39.1% +12.6% +49.4% +78.0% +44.7% −16.3% +3.8% −19.3%
374.3 376.6 372.6 365.5 361.1 351.7 340.7 329.5 308.5
378.9 383.4 377.4 370.2 365.8 354.8 343.3 331.6 309.9
Growth +1.2% −1.6% −1.9% −1.2% −3.0% −3.2% −3.4% −6.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 11.0% a year over five years, and earnings per share grew 12.5% a year.
  • The diluted share count fell 16.3% in five years, so buybacks did some of the work per share.
  • Profitable in every one of the 9 years on file.