D.R. Horton Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	33,524	34,250	36,801	35,460	33,480	27,774
Revenue Growth (YoY)	-8.62%	-6.93%	3.78%	5.92%	20.54%	36.74%
Cost of Revenue	25,724	26,134	27,266	26,110	22,976	19,899
Gross Profit	7,801	8,116	9,535	9,350	10,504	7,875
Selling, General & Admin	3,679	3,692	3,600	3,249	2,934	2,556
Total Operating Expenses	3,679	3,692	3,600	3,249	2,934	2,556
Operating Income	4,122	4,424	5,936	6,102	7,570	5,319
Total Non-Operating Income (Expense)	306.3	315.7	348.8	213.1	59.3	37.5
Pretax Income	4,428	4,740	6,285	6,315	7,630	5,356
Provision for Income Taxes	1,058	1,119	1,479	1,520	1,734	1,165
Net Income	3,335	3,585	4,756	4,746	5,858	4,176
Minority Interest in Earnings	35.3	35.7	49.6	49.5	38.1	15.4
Net Income to Common	3,335	3,585	4,756	4,746	5,858	4,176
Net Income Growth	-28.34%	-24.62%	0.22%	-18.98%	40.27%	75.92%
Shares Outstanding (Basic)	301	309	330	341	352	361
Shares Outstanding (Diluted)	302	310	332	343	355	366
Shares Change (YoY)	-7.95%	-6.54%	-3.41%	-3.24%	-3.01%	-1.19%
EPS (Basic)	11.05	11.62	14.44	13.93	16.65	11.56
EPS (Diluted)	11.01	11.57	14.34	13.82	16.51	11.41
EPS Growth	-22.19%	-19.32%	3.76%	-16.29%	44.70%	78.00%
Shares Outstanding	290.5	294.48	324.03	334.85	343.95	356.02
Free Cash Flow	3,477	3,284	2,025	4,156	413.6	267
Free Cash Flow Growth	5.88%	62.19%	-51.28%	904.72%	54.91%	-76.47%
Free Cash Flow Per Share	11.50	10.60	6.11	12.10	1.17	0.73
Dividends Per Share	1.650	1.600	1.200	1.000	0.900	0.800
Dividend Growth	3.13%	33.33%	20.00%	11.11%	12.50%	14.29%
Gross Margin	23.27%	23.70%	25.91%	26.37%	31.37%	28.35%
Operating Margin	12.29%	12.92%	16.13%	17.21%	22.61%	19.15%
Profit Margin	10.05%	10.57%	13.06%	13.52%	17.61%	15.09%
FCF Margin	10.37%	9.59%	5.50%	11.72%	1.24%	0.96%
EBITDA	4,227	4,526	6,023	6,193	7,652	5,401
EBITDA Margin	12.61%	13.21%	16.37%	17.47%	22.85%	19.45%
EBIT	4,122	4,424	5,936	6,102	7,570	5,319
EBIT Margin	12.29%	12.92%	16.13%	17.21%	22.61%	19.15%
Effective Tax Rate	23.89%	23.61%	23.53%	24.06%	22.73%	21.75%

Updated Jan 20, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q