15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $34.3B | $3.6B | 23.7% | 0.0% | $3.3B | — | $3.0B |
| 2024 | $36.8B | $4.8B | 25.9% | 0.0% | $2.0B | — | $4.5B |
| 2023 | $35.5B | $4.7B | 26.4% | 0.0% | $4.2B | — | $3.9B |
| 2022 | $33.5B | $5.9B | 31.4% | 0.0% | $414M | — | $2.5B |
| 2021 | $27.8B | $4.2B | 28.4% | 0.0% | $441M | — | $3.2B |
| 2020 | $20.3B | $2.4B | 24.3% | 0.0% | $1.3B | — | $3.0B |
| 2019 | $17.6B | $1.6B | 22.0% | 0.0% | $765M | — | $1.5B |
| 2018 | $16.1B | $1.5B | 22.8% | 0.0% | $477M | — | $1.5B |
| 2017 | $14.1B | $1.0B | 21.6% | 0.0% | $338M | — | $1.0B |
| 2016 | $12.2B | $886M | 21.8% | 0.0% | $546M | — | $1.3B |
| 2015 | $10.8B | — | 0.0% | 0.0% | $644M | — | $1.4B |
| 2014 | $8.0B | — | 0.0% | 0.0% | -$762M | — | $662M |
| 2013 | $6.3B | — | 0.0% | 0.0% | -$1.3B | — | $977M |
| 2012 | $4.4B | — | 0.0% | 0.0% | -$326M | — | $1.1B |
| 2011 | $3.6B | — | 0.0% | 0.0% | $3M | — | $771M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $7.6B | $648M | 22.5% | 0.0% | -$450M | — | $1.9B |
| Dec '25 | $6.9B | $595M | 23.2% | 0.0% | $827M | — | $2.5B |
| Sep '25 | $9.7B | $905M | 21.7% | 0.0% | $2.4B | — | $3.0B |
| Jun '25 | $9.2B | $1.0B | 23.9% | 0.0% | $693M | — | $2.6B |
| Mar '25 | $7.7B | $810M | 24.6% | 0.0% | -$471M | — | $2.5B |
| Dec '24 | $7.6B | $845M | 25.1% | 0.0% | $633M | — | $3.1B |
| Sep '24 | $10.0B | $1.3B | 25.5% | 0.0% | $1.9B | — | $4.5B |
| Jun '24 | $10.0B | $1.4B | 26.5% | 0.0% | $636M | — | $3.0B |
| Mar '24 | $9.1B | $1.2B | 25.6% | 0.0% | -$340M | — | $3.1B |
| Dec '23 | $7.7B | $947M | 26.0% | 0.0% | -$201M | — | $3.3B |
| Sep '23 | $10.5B | $1.5B | 26.9% | 0.0% | $2.0B | — | $3.9B |
| Jun '23 | $9.7B | $1.3B | 26.6% | 0.0% | $758M | — | $3.4B |
| Mar '23 | $8.0B | $942M | 24.8% | 0.0% | $613M | — | $3.1B |
| Dec '22 | $7.3B | $959M | 27.1% | 0.0% | $782M | — | $2.6B |
| Sep '22 | $9.6B | $1.6B | 29.9% | 0.0% | $1.1B | — | $2.5B |
| Jun '22 | $8.8B | $1.6B | 33.1% | 0.0% | $236M | — | $1.7B |
| Mar '22 | $8.0B | $1.4B | 32.1% | 0.0% | -$702M | — | $1.7B |
| Dec '21 | $7.1B | $1.1B | 30.4% | 0.0% | -$205M | — | $2.4B |
| Sep '21 | $8.1B | $1.3B | 29.7% | 0.0% | $521M | — | $3.2B |
| Jun '21 | $7.3B | $1.1B | 28.4% | 0.0% | $105M | — | $1.9B |
How the market has priced DHI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, D. R. Horton's revenue has grown 11.0% per year, and net income grown 8.6% per year. These are computed facts, not advice.
As of FY2025, D. R. Horton reported — of total debt against $3.0B of cash.
In FY2025, gross margin was 23.7%, operating margin —, and net margin 10.5%.
As of Jun '26, D. R. Horton traded at a price-to-earnings ratio of about 13.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.