D.R. Horton, Inc. (DHI) — Financial statements
Income statement, balance sheet, and cash flow for D.R. Horton, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 34,250↓6.9% | 36,801↑3.8% | 35,460↑5.9% | 33,480↑20.5% | 27,774 | |
| Cost of Revenue | 26,134↓4.2% | 27,266↑4.4% | 26,110↑13.6% | 22,976↑15.5% | 19,899 | |
| Gross Profit | 8,116↓14.9% | 9,535↑2.0% | 9,350↓11.0% | 10,504↑33.4% | 7,875 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 3,692↑7.9% | 3,422↑10.0% | 3,109↑11.2% | 2,796↑12.6% | 2,484 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 3,692↑7.9% | 3,422↑10.0% | 3,109↑11.2% | 2,796↑12.6% | 2,484 | |
| Total Costs & Expenses | 29,826↓2.8% | 30,688↑5.0% | 29,219↑13.4% | 25,772↑15.1% | 22,383 | |
| Operating Results | ||||||
| Operating Income | 4,424↓27.6% | 6,114↓2.0% | 6,241↓19.0% | 7,708↑43.0% | 5,391 | |
| Depreciation & Amortization | 101↑16.3% | 87↓4.9% | 92↑12.5% | 81↑10.1% | 74 | |
| EBITDA | 4,841↓24.0% | 6,372↓0.5% | 6,406↓16.9% | 7,711↑42.0% | 5,430 | |
| EBIT | 4,740↓24.6% | 6,285↓0.5% | 6,315↓17.2% | 7,630↑42.4% | 5,356 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -316↓84.8% | -171↓132.7% | -73↓193.3% | 79↑125.5% | 35 | |
| Other Income / Expenses | 316↑84.8% | 171↑132.7% | 73↑193.3% | -79↓125.5% | -35 | |
| Income Before Tax | 4,740↓24.6% | 6,285↓0.5% | 6,315↓17.2% | 7,630↑42.4% | 5,356 | |
| Income Tax Expense | 1,119↓24.3% | 1,479↓2.7% | 1,520↓12.4% | 1,734↑48.8% | 1,165 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 3,621↓24.7% | 4,806↑0.2% | 4,795↓18.7% | 5,896↑40.7% | 4,191 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 3,585↓24.6% | 4,756↑0.2% | 4,746↓19.0% | 5,858↑40.3% | 4,176 | |
| Bottom-Line Net Income | 3,585↓24.6% | 4,756↑0.2% | 4,746↓19.0% | 5,858↑40.3% | 4,176 | |
| EPS (Basic) | 11.62↓19.5% | 14.44↑3.7% | 13.93↓16.3% | 16.65↑44.0% | 11.56 | |
| EPS (Diluted) | 11.57↓19.3% | 14.34↑3.8% | 13.82↓16.3% | 16.51↑44.6% | 11.42 | |
| Weighted Average Shares | 309↓6.4% | 330↓3.3% | 341↓3.1% | 352↓2.6% | 361 | |
| Weighted Average Diluted Shares | 310↓6.5% | 332↓3.4% | 343↓3.2% | 355↓3.0% | 366 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.