What is D.R. Horton Inc.'s earnings per share (EPS)?

D.R. Horton Inc. (DHI) reported diluted earnings per share of $11.57 for fiscal year 2025. This represents a -19.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

D.R. Horton (DHI) Financials

DHI NYSE

Trailing 12 months to June 30, 2026

Revenue $33.3B -3.5% YoY

Net Income $3.1B -23.0% YoY

EPS (Diluted) $10.51 -15.7% YoY

Free Cash Flow $3.2B +15.0% YoY

Market Cap $41.0B as of Oct 26, 2026

Price / Sales 1.2x on $33.3B revenue, trailing 12 months to June 30, 2026

Price / Earnings 13.4x on $3.1B net income, trailing 12 months to June 30, 2026

Price / Book 1.7x on $23.8B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Jul 23, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Jul 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DHI SEC filings page.

D.R. Horton Inc. (DHI) reported $33.3B in revenue over the twelve months to Jun 30, 2026, down 3.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI DHI FY2025 2026-10-25

D.R. Horton’s 2025 slowdown compressed margins and profit, but cash conversion rebounded amid heavier shareholder distributions.

FY2025 operating cash flow was $3.42B against net income of $3.59B, a near match that signals much stronger cash conversion. In FY2024, operating cash flow was $2.19B against $4.76B of net income, so the recovery reflects cash generation catching up rather than profit growth.

Revenue fell 6.9% in FY2025, but gross profit fell 14.9%, taking gross margin down 2.2 percentage points to 23.7%. SG&A still rose 2.6% to 10.8% of revenue, so weaker volume met a relatively heavier overhead load.

The balance sheet’s capital allocation became more distribution-heavy: financing cash flow was -$4.76B alongside $4.30B of buybacks. Liabilities rose 4.4% while equity fell 4.4%, although debt-to-equity remained modest at 0.2x.

Financial Health Signals

Financial Health Score (4 of 6 dimensions) 59/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of D.R. Horton Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

D.R. Horton Inc.'s revenue declined 6.9% year-over-year, from $36.8B to $34.3B. This contraction results in a growth score of 25/100.

Leverage

D.R. Horton Inc. carries a low D/E ratio of 0.25, meaning only $0.25 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

n/a

Not available for D.R. Horton Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Cash Flow

D.R. Horton Inc. has a free cash flow margin of 9.6%, earning a moderate score of 62/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

n/a

Not available for D.R. Horton Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Piotroski F-Score Partial

3/8

D.R. Horton Inc. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.95x

For every $1 of reported earnings, D.R. Horton Inc. generates $0.95 in operating cash flow ($3.4B OCF vs $3.6B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$9.2B

YoY0.0%

QoQ+22.1%

5Y CAGR+4.8%

10Y CAGR+11.1%

D.R. Horton Inc. generated $9.2B in revenue in Q3 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 22.1%.

Net Income

$904.9M

YoY-11.7%

QoQ+39.7%

5Y CAGR-4.1%

10Y CAGR+13.7%

D.R. Horton Inc. reported $904.9M in net income in Q3 2026. This represents a decrease of 11.7% from the same quarter a year earlier. Against the prior quarter it is up 39.7%.

EPS (Diluted)

$3.20

YoY-4.8%

QoQ+42.9%

5Y CAGR+0.9%

10Y CAGR+17.1%

D.R. Horton Inc. earned $3.20 per diluted share (EPS) in Q3 2026. This represents a decrease of 4.8% from the same quarter a year earlier. Against the prior quarter it is up 42.9%.

EBITDA

Not reported for Q3 2026.

Cash & Balance Sheet

Free Cash Flow

$397.3M

YoY-42.6%

QoQn/m

5Y CAGR+30.5%

10Y CAGR+26.8%

D.R. Horton Inc. generated $397.3M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 42.6% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Debt

$2.1B

YoY-20.5%

QoQ+8.4%

5Y CAGR+1.4%

10Y CAGR+8.6%

D.R. Horton Inc. held $2.1B in cash against $7.1B in long-term debt as of Q3 2026.

Dividends Per Share

$0.45

YoY+12.5%

QoQ0.0%

5Y CAGR+17.6%

10Y CAGR+18.9%

D.R. Horton Inc. paid $0.45 per share in dividends in Q3 2026. This represents an increase of 12.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

280M

YoY-6.2%

QoQ-1.4%

5Y CAGR-4.8%

10Y CAGR-2.8%

D.R. Horton Inc. had 280M shares outstanding in Q3 2026. This represents a decrease of 6.2% from the same quarter a year earlier. Against the prior quarter it is down 1.4%.

Margins & Returns

Gross Margin

23.3%

YoY-0.7pp

QoQ+0.7pp

5Y change-5.2pp

D.R. Horton Inc.'s gross margin was 23.3% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.

Net Margin

9.8%

YoY-1.3pp

QoQ+1.2pp

5Y change-5.5pp

10Y change+2.1pp

D.R. Horton Inc.'s net profit margin was 9.8% in Q3 2026, showing the share of revenue converted to profit. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.

Return on Equity

3.8%

YoY-0.5pp

QoQ+1.1pp

5Y change-4.3pp

10Y change0.0pp

D.R. Horton Inc.'s quarterly ROE was 3.8% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Operating Margin

Not reported for Q3 2026.

Capital Allocation

Share Buybacks

$600.0M

YoY-48.6%

QoQ-35.5%

5Y CAGR+20.0%

D.R. Horton Inc. spent $600.0M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 48.6% from the same quarter a year earlier. Against the prior quarter it is down 35.5%.

Capital Expenditures

$42.0M

YoY-8.7%

QoQ+12.9%

5Y CAGR+22.1%

10Y CAGR+5.4%

D.R. Horton Inc. invested $42.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 8.7% from the same quarter a year earlier. Against the prior quarter it is up 12.9%.

R&D Spending

Not reported for Q3 2026.

DHI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DHI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$33.3B	$34.3B-6.9%	$36.8B+3.8%	$35.5B+5.9%	$33.5B+20.5%	$27.8B+36.7%	$20.3B+15.5%	$17.6B+9.5%	$16.1B+14.0%	$14.1B+15.9%	$12.2B+12.3%	$10.8B+34.9%	$8.0B+28.2%	$6.3B+43.8%	$4.4B+19.7%	$3.6B
Cost of Revenue	$25.8B	$26.1B-4.2%	$27.3B+4.4%	$26.1B+13.6%	$23.0B+15.5%	$19.9B+29.4%	$15.4B+12.0%	$13.7B+10.7%	$12.4B+12.3%	$11.0B+16.2%	$9.5B	N/A	N/A	N/A	N/A	N/A
Gross Profit	$7.5B	$8.1B-14.9%	$9.5B+2.0%	$9.4B-11.0%	$10.5B+33.4%	$7.9B+59.5%	$4.9B+27.5%	$3.9B+5.5%	$3.7B+20.4%	$3.0B+14.8%	$2.7B	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.7B	$3.7B+2.6%	$3.6B+10.8%	$3.2B+10.7%	$2.9B+14.8%	$2.6B+24.8%	$2.0B+11.7%	$1.8B+9.3%	$1.7B+13.9%	$1.5B+11.5%	$1.3B	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	N/A	N/A	$0n/m	$0-100.0%	$7.1M-73.6%	$26.9Mn/m	-$51.9M
Income Tax	$1.0B	$1.1B-24.3%	$1.5B-2.7%	$1.5B-12.4%	$1.7B+48.8%	$1.2B+93.4%	$602.5M+18.9%	$506.7M-15.2%	$597.7M+6.0%	$563.7M+20.7%	$467.2M+25.4%	$372.7M+32.8%	$280.7M+43.9%	$195.1Mn/m	-$713.4Mn/m	-$59.7M
Net Income	$3.1B	$3.6B-24.6%	$4.8B+0.2%	$4.7B-19.0%	$5.9B+40.3%	$4.2B+75.9%	$2.4B+46.7%	$1.6B+10.8%	$1.5B+40.6%	$1.0B+17.2%	$886.3M+18.1%	$750.7M+40.7%	$533.5M+15.3%	$462.7M-51.6%	$956.3M+1231.9%	$71.8M
EPS (Basic)	N/A	$11.62-19.5%	$14.44+3.7%	$13.93-16.3%	$16.65+44.0%	$11.56+78.1%	$6.49+49.5%	$4.34+11.9%	$3.88+40.1%	$2.77+15.9%	$2.39+16.6%	$2.05+30.6%	$1.57+9.0%	$1.44-52.2%	$3.01+1208.7%	$0.23
EPS (Diluted)	$10.51	$11.57-19.3%	$14.34+3.8%	$13.82-16.3%	$16.51+44.7%	$11.41+78.0%	$6.41+49.4%	$4.29+12.6%	$3.81+39.1%	$2.74+16.1%	$2.36+16.3%	$2.03+35.3%	$1.50+12.8%	$1.33-52.0%	$2.77+1104.3%	$0.23
Diluted Shares (Avg)	N/A	310M-6.5%	332M-3.4%	343M-3.2%	355M-3.0%	366M-1.2%	370M-1.9%	377M-1.6%	383M+1.2%	379M+1.0%	375M+1.4%	370M+0.9%	367M+0.5%	365M+1.6%	359M+12.7%	319M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$9.2B0.0%	$7.6B-2.3%	$6.9B-9.5%	$9.7B-3.2%	$9.2B-7.4%	$7.7B-15.1%	$7.6B-1.5%	$10.0B-4.8%
Cost of Revenue	$7.1B+0.9%	$5.9B+0.4%	$5.3B-7.2%	$7.6B+1.8%	$7.0B-4.2%	$5.8B-13.9%	$5.7B-0.3%	$7.4B-3.0%
Gross Profit	$2.1B-2.9%	$1.7B-10.4%	$1.6B-16.5%	$2.1B-17.9%	$2.2B-16.4%	$1.9B-18.5%	$1.9B-4.8%	$2.6B-9.5%
SG&A Expenses	$991.2M+5.0%	$903.3M+0.5%	$865.1M-1.5%	$970.9M+1.1%	$944.3M+2.2%	$898.7M+2.1%	$878.1M+5.2%	$960.3M+8.4%
Income Tax	$307.5M-5.4%	$209.4M-15.6%	$196.7M-23.8%	$288.0M-29.7%	$325.0M-24.8%	$248.0M-28.1%	$258.0M-11.6%	$409.9M-16.8%
Net Income	$904.9M-11.7%	$647.9M-20.1%	$594.8M-29.6%	$905.3M-29.5%	$1.0B-24.3%	$810.4M-30.9%	$844.9M-10.8%	$1.3B-15.0%
EPS (Basic)	$3.21-4.7%	$2.25-13.1%	$2.03-22.8%	$3.05-22.6%	$3.37-18.2%	$2.59-26.8%	$2.63-7.4%	$3.94-11.9%
EPS (Diluted)	$3.20-4.8%	$2.24-13.2%	$2.03-22.2%	$3.04-22.3%	$3.36-18.0%	$2.58-26.7%	$2.61-7.4%	$3.91-11.7%
Diluted Shares (Avg)	283M-7.2%	289M-8.0%	293M-9.3%	N/A	305M-7.6%	314M-5.8%	323M-3.7%	N/A

Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA, Interest Expense.

DHI Balance Sheet

DHI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$35.5B-1.8%	$36.1B+10.8%	$32.6B+7.4%	$30.4B+26.4%	$24.0B+27.0%	$18.9B+21.2%	$15.6B+10.6%	$14.1B+15.8%	$12.2B+5.4%	$11.6B+3.7%	$11.2B+9.5%	$10.2B+15.0%	$8.9B+22.2%	$7.2B+35.3%	$5.4B
Cash & Equivalents	$3.0B-33.9%	$4.5B+16.6%	$3.9B+52.5%	$2.5B-20.9%	$3.2B+6.4%	$3.0B+102.0%	$1.5B+1.4%	$1.5B+46.2%	$1.0B-22.7%	$1.3B-5.8%	$1.4B+109.1%	$661.8M-32.3%	$977.4M-10.1%	$1.1B+41.1%	$770.5M
Goodwill	$163.5M0.0%	$163.5M0.0%	$163.5M0.0%	$163.5M0.0%	$163.5M0.0%	$163.5M0.0%	$163.5M+49.7%	$109.2M+36.5%	$80.0M	N/A	N/A	N/A	N/A	$38.9M+144.7%	$15.9M
Total Liabilities	$10.7B+4.4%	$10.3B+8.8%	$9.4B-10.6%	$10.6B+20.1%	$8.8B+29.6%	$6.8B+27.9%	$5.3B+7.2%	$5.0B+11.7%	$4.4B-6.9%	$4.8B-9.3%	$5.3B+3.7%	$5.1B+5.6%	$4.8B+31.2%	$3.7B+33.6%	$2.7B
Long-Term Debt	$6.0B+0.8%	$5.9B+16.2%	$5.1B-16.0%	$6.1B+12.1%	$5.4B+26.4%	$4.3B+26.0%	$3.4B+6.1%	$3.2B+11.6%	$2.9B-12.2%	$3.3B-14.2%	$3.8B+4.0%	$3.7B+4.5%	$3.5B+40.7%	$2.5B+44.8%	$1.7B
Total Equity	$24.2B-4.4%	$25.3B+11.5%	$22.7B+17.0%	$19.4B+30.3%	$14.9B+25.7%	$11.8B+18.2%	$10.0B+11.5%	$9.0B+16.0%	$7.7B+14.1%	$6.8B+15.2%	$5.9B+15.2%	$5.1B+26.1%	$4.1B+13.0%	$3.6B+37.1%	$2.6B
Retained Earnings	$31.0B+11.1%	$28.0B+18.5%	$23.6B+23.0%	$19.2B+40.6%	$13.6B+39.8%	$9.8B+27.7%	$7.6B+22.9%	$6.2B+25.7%	$4.9B+21.9%	$4.1B+23.3%	$3.3B+25.1%	$2.6B+22.6%	$2.1B+23.1%	$1.7B+108.9%	$834.6M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$36.5B+0.3%	$35.6B-0.3%	$34.6B-1.1%	$35.5B-1.8%	$36.4B+3.5%	$35.7B+3.8%	$35.0B+4.9%	$36.1B+10.8%
Cash & Equivalents	$2.1B-20.5%	$1.9B-22.4%	$2.5B-17.8%	$3.0B-33.9%	$2.6B-12.6%	$2.5B-19.3%	$3.1B-8.2%	$4.5B+16.6%
Goodwill	$163.5M0.0%	$163.5M0.0%	$163.5M0.0%	$163.5M0.0%	$163.5M0.0%	$163.5M0.0%	$163.5M0.0%	$163.5M0.0%
Total Liabilities	$12.1B+2.6%	$11.4B+5.0%	$10.1B+5.4%	$10.7B+4.4%	$11.8B+18.0%	$10.8B+7.2%	$9.6B-2.2%	$10.3B+8.8%
Long-Term Debt	$7.1B-1.9%	$6.6B+0.7%	$5.5B+8.8%	$6.0B+0.8%	$7.2B+27.4%	$6.5B+9.8%	$5.1B-3.6%	$5.9B+16.2%
Total Equity	$23.8B-1.0%	$23.6B-2.9%	$24.0B-3.8%	$24.2B-4.4%	$24.1B-2.4%	$24.3B+2.1%	$24.9B+7.7%	$25.3B+11.5%
Retained Earnings	$32.8B+8.4%	$32.0B+9.1%	$31.5B+9.9%	$31.0B+11.1%	$30.3B+13.0%	$29.4B+15.1%	$28.7B+17.3%	$28.0B+18.5%

Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities.

DHI Cash Flow Statement

DHI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$3.4B	$3.4B+56.2%	$2.2B-49.1%	$4.3B+666.1%	$561.8M+5.1%	$534.4M-62.4%	$1.4B+59.4%	$892.1M+63.6%	$545.2M+23.9%	$440.2M-29.4%	$623.9M-10.9%	$700.4Mn/m	-$661.4Mn/m	-$1.2Bn/m	-$292.2M-1646.0%	$18.9M
Depreciation & Amortization	N/A	$101.3M+16.3%	$87.1M-4.9%	$91.6M+12.5%	$81.4M-0.9%	$82.1M-9.4%	$90.6M+25.8%	$72.0M+15.4%	$62.4M+14.1%	$54.7M-10.3%	$61.0M+12.8%	$54.1M+40.9%	$38.4M+69.2%	$22.7M+20.7%	$18.8M-5.5%	$19.9M
Stock-Based Compensation	N/A	$131.0M+10.9%	$118.1M+6.2%	$111.2M+5.8%	$105.1M+15.0%	$91.4M+17.5%	$77.8M+6.3%	$73.2M+31.2%	$55.8M-5.7%	$59.2M+20.8%	$49.0M+16.1%	$42.2M+61.1%	$26.2M+37.9%	$19.0M	N/A	N/A
Capital Expenditures	$150.4M	$137.4M-16.9%	$165.3M+11.2%	$148.6M+0.3%	$148.2M+58.5%	$93.5M-3.1%	$96.5M-24.1%	$127.2M+86.8%	$68.1M-33.7%	$102.7M+31.5%	$78.1M+39.2%	$56.1M-44.0%	$100.2M+72.8%	$58.0M+72.6%	$33.6M+106.1%	$16.3M
Free Cash Flow	$3.2B	$3.3B+62.2%	$2.0B-51.3%	$4.2B+904.7%	$413.6M-6.2%	$440.9M-66.7%	$1.3B+73.2%	$764.9M+60.3%	$477.1M+41.4%	$337.5M-38.2%	$545.8M-15.3%	$644.3Mn/m	-$761.6Mn/m	-$1.3Bn/m	-$325.8M-12630.8%	$2.6M
Investing Cash Flow	-$258.7M	-$168.7Mn/m	-$190.6Mn/m	-$310.2Mn/m	-$414.9Mn/m	-$252.2Mn/m	-$166.1Mn/m	-$394.0M-2173.7%	$19.0Mn/m	-$164.0Mn/m	-$112.6Mn/m	-$95.4Mn/m	-$282.1M-255.9%	$180.9Mn/m	-$143.0Mn/m	-$23.3M
Financing Cash Flow	-$3.6B	-$4.8Bn/m	-$1.4Bn/m	-$2.7Bn/m	-$811.2Mn/m	-$85.1M-131.4%	$270.6Mn/m	-$490.1Mn/m	-$82.5Mn/m	-$564.6Mn/m	-$591.9M-605.9%	$117.0M-81.4%	$627.9M-33.1%	$939.0M+25.0%	$751.5Mn/m	-$572.3M
Dividends Paid	$506.7M	$494.8M+25.2%	$395.2M+15.8%	$341.2M+7.8%	$316.5M+9.4%	$289.3M+13.0%	$256.0M+14.6%	$223.4M+18.6%	$188.4M+25.9%	$149.6M+26.0%	$118.7M+29.6%	$91.6M+88.5%	$48.6M-19.3%	$60.2M+25.9%	$47.8M0.0%	$47.8M
Share Buybacks	$2.9B	$4.3B+138.9%	$1.8B+50.0%	$1.2B+9.1%	$1.1B+25.9%	$874.0M+142.5%	$360.4M-24.9%	$479.8M+276.3%	$127.5M+110.4%	$60.6Mn/m	$0n/m	$0	N/A	$0n/m	$0-100.0%	$38.6M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$439.3M-40.5%	-$412.5Mn/m	$854.0M+32.1%	$2.5B+26.0%	$738.6M+5.8%	-$436.2Mn/m	$646.7Mn/m	$2.0B-4.0%
Depreciation & Amortization	$29.0M+15.1%	$28.1M+14.2%	$27.7M+14.9%	$27.4M+16.1%	$25.2M+12.5%	$24.6M+16.6%	$24.1M+20.5%	$23.6M+10.3%
Stock-Based Compensation	N/A	N/A	$41.4M-3.7%	N/A	N/A	N/A	$43.0M+5.1%	N/A
Capital Expenditures	$42.0M-8.7%	$37.2M+8.5%	$27.4M+106.0%	$43.8M+36.9%	$46.0M-25.8%	$34.3M+44.7%	$13.3M-72.1%	$32.0M-20.6%
Free Cash Flow	$397.3M-42.6%	-$449.7Mn/m	$826.6M+30.5%	$2.4B+25.8%	$692.6M+8.8%	-$470.5Mn/m	$633.4Mn/m	$1.9B-3.7%
Investing Cash Flow	-$53.1Mn/m	-$44.2Mn/m	-$116.2Mn/m	-$45.2Mn/m	-$29.0Mn/m	-$37.4Mn/m	-$57.1Mn/m	-$29.5Mn/m
Financing Cash Flow	-$225.5Mn/m	-$122.1Mn/m	-$1.2Bn/m	-$2.1Bn/m	-$562.8Mn/m	-$77.3M-183.8%	-$2.1Bn/m	-$408.1Mn/m
Dividends Paid	$127.1M+3.8%	$129.7M+3.3%	$131.5M+2.3%	$118.4M+21.2%	$122.4M+24.4%	$125.5M+26.5%	$128.5M+28.6%	$97.7M+15.9%
Share Buybacks	$600.0M-48.6%	$930.3M-28.9%	$669.7M-39.1%	$723.7M+27.0%	$1.2B+168.1%	$1.3B+230.1%	$1.1B+176.2%	$569.7M+29.4%

DHI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DHI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	23.7%-2.2pp	25.9%-0.5pp	26.4%-5.0pp	31.4%+3.0pp	28.3%+4.0pp	24.3%+2.3pp	22.0%-0.8pp	22.8%+1.2pp	21.6%-0.2pp	21.8%	N/A	N/A	N/A	N/A	N/A
Net Margin	10.5%-2.5pp	12.9%-0.5pp	13.4%-4.1pp	17.5%+2.5pp	15.0%+3.3pp	11.7%+2.5pp	9.2%+0.1pp	9.1%+1.7pp	7.4%+0.1pp	7.3%+0.4pp	6.9%+0.3pp	6.7%-0.7pp	7.4%-14.6pp	22.0%+20.0pp	2.0%
Return on Equity	14.8%-4.0pp	18.8%-2.1pp	20.9%-9.3pp	30.2%+2.1pp	28.1%+8.0pp	20.1%+3.9pp	16.2%-0.1pp	16.3%+2.8pp	13.4%+0.4pp	13.1%+0.3pp	12.7%+2.3pp	10.4%-1.0pp	11.4%-15.2pp	26.6%+23.9pp	2.7%
Return on Assets	10.1%-3.1pp	13.2%-1.4pp	14.6%-4.7pp	19.3%+1.9pp	17.4%+4.8pp	12.6%+2.2pp	10.4%0.0pp	10.3%+1.8pp	8.5%+0.8pp	7.7%+0.9pp	6.7%+1.5pp	5.2%0.0pp	5.2%-8.0pp	13.2%+11.8pp	1.3%
Debt-to-Equity	0.250.0x	0.230.0x	0.22-0.1x	0.31-0.1x	0.360.0x	0.360.0x	0.340.0x	0.360.0x	0.37-0.1x	0.48-0.2x	0.65-0.1x	0.72-0.1x	0.86+0.2x	0.690.0x	0.66
Liabilities-to-Equity	0.440.0x	0.410.0x	0.42-0.1x	0.540.0x	0.590.0x	0.570.0x	0.530.0x	0.550.0x	0.57-0.1x	0.70-0.2x	0.89-0.1x	0.99-0.2x	1.18+0.2x	1.020.0x	1.04
Asset Turnover	0.97-0.1x	1.02-0.1x	1.090.0x	1.10-0.1x	1.16+0.1x	1.07-0.1x	1.130.0x	1.140.0x	1.16+0.1x	1.05+0.1x	0.97+0.2x	0.79+0.1x	0.71+0.1x	0.60-0.1x	0.68
FCF Margin	9.6%+4.1pp	5.5%-6.2pp	11.7%+10.5pp	1.2%-0.4pp	1.6%-4.9pp	6.5%+2.2pp	4.3%+1.4pp	3.0%+0.6pp	2.4%-2.1pp	4.5%-1.5pp	5.9%+15.4pp	-9.5%+11.1pp	-20.6%-13.1pp	-7.5%-7.6pp	0.1%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	23.3%-0.7pp	22.5%-2.0pp	23.2%-1.9pp	21.7%-3.9pp	23.9%-2.6pp	24.6%-1.0pp	25.1%-0.9pp	25.5%-1.3pp
Net Margin	9.8%-1.3pp	8.6%-1.9pp	8.6%-2.5pp	9.3%-3.5pp	11.1%-2.5pp	10.5%-2.4pp	11.1%-1.2pp	12.8%-1.5pp
Return on Equity	3.8%-0.5pp	2.7%-0.6pp	2.5%-0.9pp	3.7%-1.3pp	4.3%-1.2pp	3.3%-1.6pp	3.4%-0.7pp	5.1%-1.6pp
Return on Assets	2.5%-0.3pp	1.8%-0.5pp	1.7%-0.7pp	2.5%-1.0pp	2.8%-1.0pp	2.3%-1.1pp	2.4%-0.4pp	3.5%-1.1pp
Debt-to-Equity	0.300.0x	0.280.0x	0.230.0x	0.250.0x	0.30+0.1x	0.270.0x	0.200.0x	0.230.0x
Liabilities-to-Equity	0.510.0x	0.480.0x	0.420.0x	0.440.0x	0.49+0.1x	0.450.0x	0.380.0x	0.410.0x
Asset Turnover	0.250.0x	0.210.0x	0.200.0x	0.270.0x	0.250.0x	0.220.0x	0.220.0x	0.280.0x
FCF Margin	4.3%-3.2pp	-5.9%+0.1pp	12.0%+3.7pp	25.1%+5.8pp	7.5%+1.1pp	-6.1%-2.3pp	8.3%+10.9pp	19.3%+0.2pp

Not reported in any period shown, so not listed: Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
D.R. Horton Inc. DHI	FY2025	$34.3B	$3.6B	10.5%	$41.0B	59/100
Lennar Corporation LEN	FY2025	$34.2B	$2.1B	6.1%	$20.0B	54/100
Pultegroup, Inc. PHM	FY2025	$17.3B	$2.2B	12.8%	$23.1B	70/100
NVR, Inc. NVR	FY2025	$10.3B	$1.3B	13.0%	$15.3B	65/100
Toll Brothers, Inc. TOL	FY2025	$11.0B	$1.3B	12.3%	$12.9B	61/100

Where D.R. Horton Inc. Ranks

Frequently Asked Questions

What is D.R. Horton Inc.'s annual revenue?

D.R. Horton Inc. (DHI) reported $34.3B in total revenue for fiscal year 2025. This represents a -6.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is D.R. Horton Inc.'s revenue growing?

D.R. Horton Inc. (DHI) revenue declined by 6.9% year-over-year, from $36.8B to $34.3B in fiscal year 2025.

Is D.R. Horton Inc. profitable?

Yes, D.R. Horton Inc. (DHI) reported a net income of $3.1B over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $3.6B, with a net profit margin of 10.5%.

How much debt does D.R. Horton Inc. have?

As of fiscal year 2025, D.R. Horton Inc. (DHI) had $3.0B in cash and equivalents against $6.0B in long-term debt.

What is D.R. Horton Inc.'s gross margin?

D.R. Horton Inc. (DHI) had a gross margin of 23.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is D.R. Horton Inc.'s net profit margin?

D.R. Horton Inc. (DHI) had a net profit margin of 10.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does D.R. Horton Inc. pay dividends?

Yes, D.R. Horton Inc. (DHI) paid $1.60 per share in dividends during fiscal year 2025.

What is D.R. Horton Inc.'s return on equity (ROE)?

D.R. Horton Inc. (DHI) has a return on equity of 14.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is D.R. Horton Inc.'s free cash flow?

D.R. Horton Inc. (DHI) generated $3.3B in free cash flow during fiscal year 2025. This represents a 62.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is D.R. Horton Inc.'s operating cash flow?

D.R. Horton Inc. (DHI) generated $3.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are D.R. Horton Inc.'s total assets?

D.R. Horton Inc. (DHI) had $35.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are D.R. Horton Inc.'s capital expenditures?

D.R. Horton Inc. (DHI) invested $137.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does D.R. Horton Inc. buy back shares?

Yes, D.R. Horton Inc. (DHI) spent $4.3B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does D.R. Horton Inc. have outstanding?

D.R. Horton Inc. (DHI) had 292M shares outstanding as of fiscal year 2025.

What is D.R. Horton Inc.'s debt-to-equity ratio?

D.R. Horton Inc. (DHI) had a debt-to-equity ratio of 0.25 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is D.R. Horton Inc.'s liabilities-to-equity ratio?

D.R. Horton Inc. (DHI) had a liabilities-to-equity ratio of 0.44 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is D.R. Horton Inc.'s return on assets (ROA)?

D.R. Horton Inc. (DHI) had a return on assets of 10.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is D.R. Horton Inc.'s P/E ratio?

D.R. Horton Inc. (DHI) trades at 13.4x earnings, its market capitalization divided by $3.1B net income, trailing 12 months to June 30, 2026. The market capitalization is $41.0B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is D.R. Horton Inc.'s price-to-sales ratio?

D.R. Horton Inc. (DHI) trades at 1.2x sales, its market capitalization divided by $33.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $41.0B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is D.R. Horton Inc.'s Piotroski F-Score?

D.R. Horton Inc. (DHI) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are D.R. Horton Inc.'s earnings high quality?

D.R. Horton Inc. (DHI) has an earnings quality ratio of 0.95x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is D.R. Horton Inc.?

D.R. Horton Inc. (DHI) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For D.R. Horton Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.