D.R. Horton, Inc. (DHI)

D.R. Horton Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Operating Revenue	33,409	35,919	34,659	32,685	26,951
Other Revenue	841.2	882.5	801.5	795	823.6
Revenue	34,250	36,801	35,460	33,480	27,774
Revenue Growth (YoY)	-6.93%	3.78%	5.92%	20.54%	36.74%
Cost of Revenue	26,134	27,187	26,030	22,906	19,871
Gross Profit	7,554	9,043	8,913	10,070	7,445
Selling, General & Admin	3,041	2,927	2,654	2,386	2,068
Operating Expenses	3,041	2,927	2,654	2,386	2,068
Operating Income	4,513	6,116	6,259	7,684	5,377
Other Non Operating Income (Expenses)	226.8	247.7	136.4	16.1	12.3
EBT Excluding Unusual Items	4,740	6,364	6,395	7,700	5,389
Gain (Loss) on Sale of Assets	-	-	-	-	14
Asset Writedown	-	-78.8	-80.3	-70.4	-28.6
Other Unusual Items	-	-	-	-	-18.1
Pretax Income	4,740	6,285	6,315	7,630	5,356
Income Tax Expense	1,119	1,479	1,520	1,734	1,165
Earnings From Continuing Operations	3,621	4,806	4,795	5,896	4,191
Minority Interest in Earnings	-35.7	-49.6	-49.5	-38.1	-15.4
Net Income	3,585	4,756	4,746	5,858	4,176
Net Income to Common	3,585	4,756	4,746	5,858	4,176
Net Income Growth	-24.62%	0.22%	-18.98%	40.27%	75.92%
Shares Outstanding (Basic)	309	330	341	352	361
Shares Outstanding (Diluted)	310	332	343	355	366
Shares Change (YoY)	-6.54%	-3.41%	-3.24%	-3.01%	-1.19%
EPS (Basic)	11.62	14.44	13.93	16.65	11.56
EPS (Diluted)	11.57	14.34	13.82	16.51	11.41
EPS Growth	-19.32%	3.76%	-16.29%	44.70%	78.00%
Free Cash Flow	3,284	2,025	4,156	413.6	267
Free Cash Flow Per Share	10.60	6.11	12.11	1.17	0.73
Dividend Per Share	1.600	1.200	1.000	0.900	0.800
Dividend Growth	33.33%	20.00%	11.11%	12.50%	14.29%
Gross Margin	22.05%	24.57%	25.13%	30.08%	26.80%
Operating Margin	13.18%	16.62%	17.65%	22.95%	19.36%
Profit Margin	10.47%	12.93%	13.38%	17.50%	15.04%
Free Cash Flow Margin	9.59%	5.50%	11.72%	1.23%	0.96%
EBITDA	4,614	6,203	6,350	7,765	5,459
EBITDA Margin	13.47%	16.86%	17.91%	23.19%	19.65%
D&A For EBITDA	101.3	87.1	91.6	81.4	82.1
EBIT	4,513	6,116	6,259	7,684	5,377
EBIT Margin	13.18%	16.62%	17.65%	22.95%	19.36%
Effective Tax Rate	23.61%	23.53%	24.06%	22.73%	21.75%
Advertising Expenses	-	72.3	64.7	41.7	36.1

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q