DHI
D.R. Horton Inc.Stock · Consumer DiscretionaryS&P 500 Equal Weight 0.2% · S&P 500 0.07% · Russell 1000 0.06% · US Stock Market 0.06% · Russell 3000 0.06% · MSCI World 0.04% · MSCI ACWI 0.04%$137.89+1.71%
as of market close, Sep 11, 2026
☾ AH — —
DHI financial statements
The full income statement, balance sheet, and cash-flow statement for D.R. Horton Inc. (DHI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 326.0M2024-09 321.2M2024-12 315.1M2025-03 307.2M2025-06 298.1M2025-09 292.1M2025-12 289.7M2026-03 283.6M2026-06 279.7M-14.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Revenue | 34.3B-6.9% | 36.8B+3.8% | 35.5B+5.9% | 33.5B+20.5% | 27.8B+36.7% | |
| Cost of revenue | 26.1B-4.2% | 27.3B+4.4% | 26.1B+13.6% | 23.0B+15.5% | 19.9B+29.4% | |
| Selling, general & administrative | 3.69B+2.6% | 3.60B+10.8% | 3.25B+10.7% | 2.93B+14.8% | 2.56B+24.8% | |
| Other non-operating income | 316M-9.5% | 349M+63.7% | 213M+259.4% | 59.3M+42.5% | 41.6M+24.6% | |
| Equity-method income | — | — | — | — | 1.00M+42.9% | |
| Pre-tax income | 4.74B-24.6% | 6.28B-0.5% | 6.31B-17.2% | 7.63B+42.4% | 5.36B+79.6% | |
| Income tax | 1.12B-24.3% | 1.48B-2.7% | 1.52B-12.4% | 1.73B+48.8% | 1.17B+93.4% | |
| 3.59B-24.6% | 4.76B+0.2% | 4.75B-19.0% | 5.86B+40.3% | 4.18B+75.9% | ||
| Net income to non-controlling interest | 35.7M-28.0% | 49.6M+0.2% | 49.5M+29.9% | 38.1M+147.4% | 15.4M+126.5% | |
| $11.57-19.3% | $14.34+3.8% | $13.82-16.3% | $16.51+44.7% | $11.41+78.0% | ||
| EPS (basic) | $11.62-19.5% | $14.44+3.7% | $13.93-16.3% | $16.65+44.0% | $11.56+78.1% | |
| Weighted-avg shares (basic) | 309M-6.4% | 330M-3.3% | 341M-3.1% | 352M-2.6% | 361M-1.2% | |
| Weighted-avg shares (diluted) | 310M-6.5% | 332M-3.4% | 343M-3.2% | 355M-3.0% | 366M-1.2% | |
| Dividends per share | $1.60+33.3% | $1.20+20.0% | $1.00+11.1% | $0.90+12.5% | $0.80+14.3% | |
| Balance Sheet | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Cash & equivalents | 2.99B-33.9% | 4.52B+16.6% | 3.87B+52.5% | 2.54B-20.9% | 3.21B+6.4% | |
| 35.5B-1.8% | 36.1B+10.8% | 32.6B+7.4% | 30.4B+26.4% | 24.0B+27.0% | ||
| Property, plant & equipment | 579M+9.0% | 531M+19.2% | 445M-5.6% | 472M+20.0% | 393M-42.5% | |
| Operating lease right-of-use | 63.0M+22.6% | 51.4M+10.3% | 46.6M+0.0% | 46.6M+30.9% | 35.6M+2.6% | |
| Goodwill | 164M+0.0% | 164M+0.0% | 164M+0.0% | 164M+0.0% | 164M+0.0% | |
| Deferred tax assets | 44.5M-73.4% | 168M-10.5% | 187M+32.7% | 141M-9.1% | 155M+7.2% | |
| 10.7B+4.4% | 10.3B+8.8% | 9.44B-10.6% | 10.6B+20.1% | 8.80B+29.6% | ||
| Long-term debt | 5.97B+0.8% | 5.92B+16.2% | 5.09B-16.0% | 6.07B+12.1% | 5.41B+26.4% | |
| Operating lease liability (total) | 65.6M+23.1% | 53.3M+10.8% | 48.1M+0.4% | 47.9M+29.5% | 37.0M+0.0% | |
| Deferred tax liabilities | 0.00 | — | — | — | — | |
| 24.2B-4.4% | 25.3B+11.5% | 22.7B+17.0% | 19.4B+30.3% | 14.9B+25.7% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 4.00M+0.0% | 4.00M+0.0% | 4.00M+0.0% | 4.00M+0.0% | 4.00M+2.6% | |
| Additional paid-in capital | 3.58B+2.4% | 3.49B+1.7% | 3.43B+2.5% | 3.35B+2.3% | 3.27B+1.0% | |
| Retained earnings | 31.0B+11.1% | 28.0B+18.5% | 23.6B+23.0% | 19.2B+40.6% | 13.6B+39.8% | |
| Treasury stock | 10.4B+70.1% | 6.13B+41.6% | 4.33B+37.8% | 3.14B+54.3% | 2.04B+75.2% | |
| Non-controlling interest | 552M+7.9% | 512M+15.8% | 442M+13.5% | 389M+18.1% | 330M+17.1% | |
| Total equity incl. non-controlling | 24.7B-4.2% | 25.8B+11.6% | 23.1B+16.9% | 19.8B+30.0% | 15.2B+25.5% | |
| Total liabilities & equity | 35.5B-1.8% | 36.1B+10.8% | 32.6B+7.4% | 30.4B+26.4% | 24.0B+27.0% | |
| Common shares issued | 404M+0.3% | 403M+0.4% | 401M+0.5% | 399M+0.5% | 397M+0.6% | |
| Common shares outstanding | 294M-9.1% | 324M-3.2% | 335M-2.6% | 344M-3.4% | 356M-2.2% | |
| Shares outstanding (cover) | 292M-9.1% | 321M-3.6% | 333M-3.2% | 344M-3.4% | 357M-2.2% | |
| Cash Flow | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| 3.42B+56.2% | 2.19B-49.1% | 4.30B+666.1% | 562M+5.1% | 534M-62.4% | ||
| Depreciation & amortization | 101M+16.3% | 87.1M-4.9% | 91.6M+12.5% | 81.4M-0.9% | 82.1M-9.4% | |
| Share-based compensation | 131M+10.9% | 118M+6.2% | 111M+5.8% | 105M+15.0% | 91.4M+17.5% | |
| Deferred income taxes | 123M+548.4% | 19.0M+141.4% | -45.9M-257.7% | 29.1M+391.0% | -10.0M-170.9% | |
| -169M+11.5% | -191M+38.6% | -310M+25.2% | -415M-64.5% | -252M-51.8% | ||
| Capital expenditure | 137M-16.9% | 165M+11.2% | 149M+0.3% | 148M+58.5% | 93.5M-3.1% | |
| Free cash flow | 3.28B+62.2% | 2.02B-51.3% | 4.16B+904.7% | 414M-6.2% | 441M-66.7% | |
| Acquisitions | 53.1M+31.4% | 40.4M-81.0% | 213M-21.6% | 272M+1008.2% | 24.5M+152.6% | |
| Other investing activities | 1.10M-74.4% | 4.30M+514.3% | 700K+114.6% | -4.80M-128.6% | -2.10M-250.0% | |
| -4.76B-251.4% | -1.36B+49.2% | -2.67B-228.7% | -811M-853.2% | -85.1M-131.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00-100.0% | 19.7M | 0.00-100.0% | 1.70M-94.9% | 33.5M | |
| Common stock repurchased | 4.30B+138.9% | 1.80B+50.0% | 1.20B+9.1% | 1.10B+25.9% | 874M+142.5% | |
| Dividends paid | 495M+25.2% | 395M+15.8% | 341M+7.8% | 317M+9.4% | 289M+13.0% | |
| Other financing activities | 55.5M+334.2% | -23.7M+56.8% | -54.8M-160.0% | 91.4M+3908.3% | -2.40M+52.9% | |
| Net change in cash | -1.51B-334.6% | 644M-51.5% | 1.33B+299.8% | -664M-437.0% | 197M-87.1% | |
| Income taxes paid | 1.02B-38.9% | 1.67B+15.8% | 1.44B-15.2% | 1.70B+49.5% | 1.14B+95.7% | |
| Valuation Ratios | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Market cap | 49.5B-19.2% | 61.3B+68.5% | 36.4B+56.8% | 23.2B-22.5% | 29.9B+8.6% | |
| P/E | 13.8×+7.2% | 12.9×+72.5% | 7.5×+88.6% | 4.0×-44.8% | 7.2×-38.2% | |
| P/S | 1.4×-13.2% | 1.7×+58.4% | 1.1×+51.7% | 0.7×-35.7% | 1.1×-20.6% | |
| P/B | 2.0×-15.5% | 2.4×+44.2% | 1.7×+40.4% | 1.2×-40.5% | 2.0×-13.6% | |
| P/FCF | 15.1×-50.2% | 30.3×+169.5% | 11.2×-80.0% | 56.1×-17.4% | 67.9×+226.5% | |
| Earnings yield | 7.2%-6.7% | 7.8%-42.0% | 13.4%-47.0% | 25.3%+81.1% | 13.9%+61.9% | |
| FCF yield | 6.6%+100.8% | 3.3%-62.9% | 8.9%+399.3% | 1.8%+21.1% | 1.5%-69.4% | |
| Dividend yield | 0.94%+50.1% | 0.63%-32.4% | 0.93%-30.4% | 1.3%+40.3% | 0.95%+2.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: DHI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DHI filings on SEC EDGAR → Not investment advice.