Financials in USD. Standardized financial statements.
A compact view of how D.R. Horton, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $34.25B | $36.80B | $35.46B | $33.48B | $27.77B | $20.31B | $17.59B | $16.07B | $14.09B | $12.16B |
| Revenue Growth? | -6.9% | +3.8% | +5.9% | +20.5% | +36.7% | +15.5% | +9.5% | +14.0% | +15.9% | 0.0% |
| Cost of Revenue? | $26.13B | $27.27B | $26.11B | $22.98B | $19.90B | $15.37B | $13.72B | $12.40B | $11.04B | $9.50B |
| Gross Profit? | $8.12B | $9.54B | $9.35B | $10.50B | $7.88B | $4.94B | $3.87B | $3.67B | $3.05B | $2.65B |
| Gross Margin? | +23.7% | +25.9% | +26.4% | +31.4% | +28.4% | +24.3% | +22.0% | +22.8% | +21.6% | +21.8% |
| Operating Expenses? | $3.69B | $3.42B | $3.11B | $2.80B | $2.48B | $1.98B | $1.82B | $1.63B | $1.38B | $1.27B |
| Operating Income? | $4.42B | $6.11B | $6.24B | $7.71B | $5.39B | $2.95B | $2.05B | $2.04B | $1.66B | $1.38B |
| EBITDA? | $4.84B | $6.37B | $6.41B | $7.71B | $5.43B | $3.06B | $2.20B | $2.12B | $1.66B | $1.41B |
| Income Before Tax | $4.74B | $6.28B | $6.31B | $7.63B | $5.36B | $2.98B | $2.13B | $2.06B | $1.60B | $1.35B |
| Income Tax Expense | $1.12B | $1.48B | $1.52B | $1.73B | $1.17B | $602.50M | $506.70M | $597.70M | $563.70M | $467.20M |
| Net Income? | $3.59B | $4.76B | $4.75B | $5.86B | $4.18B | $2.37B | $1.62B | $1.46B | $1.04B | $886.30M |
| EPS? | $11.62 | $14.44 | $13.93 | $16.65 | $11.56 | $6.49 | $4.34 | $3.88 | $2.77 | $2.39 |
| Diluted EPS? | $11.57 | $14.34 | $13.82 | $16.51 | $11.42 | $6.41 | $4.29 | $3.81 | $2.74 | $2.36 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality