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Saturday 17 October 2026 Export DHI’s income statement to Excel — free account

D.R. Horton, Inc.

DHI Consumer Cyclical Residential Construction

D.R. Horton, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $34.3 billion, down 6.93% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 4.75%, free cash flow fell 44.1% and total debt fell 1.88%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

139.39 0.16 −0.11%
Market cap
$39.0B
P/E
13.2×
Fwd P/E
13.8×
Dividend yield
1.29%
F-score
4/9
Altman Z
6.41
Beneish M
n/a
Dividend safety
92/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

D.R. Horton, Inc. (DHI) Net margin

Alert me on Net margin

D.R. Horton, Inc.'s net margin over the twelve months to 30 June 2026 was 9.15%, down 1.3 percentage points from fiscal 2025 (10.5%). Over the past ten years it has ranged from 6.94% (fiscal 2015) to 17.5% (fiscal 2022); the current reading is higher than 55% of that period. That is above the Residential Construction industry median of 7.30% and above the Consumer Cyclical sector median of 1.67%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 10.5% (2.45)
FY2024 12.9% (0.46)
FY2023 13.4% (4.12)
FY2022 17.5% 2.47
FY2021 15.0% 3.34
FY2020 11.7% 2.49
FY2019 9.20% 0.11
FY2018 9.09% 1.72
FY2017 7.37% 0.08
FY2016 7.29% 0.35

Quarterly newest first

Period Net margin Change (points)
Jun 2026 9.81% 1.24
Mar 2026 8.57% (0.07)
Dec 2025 8.64% (0.71)
Sep 2025 9.35% (1.76)
42 more quarters

Against its own ten years

Low 6.94% High 17.5%
Ten-year median 10.5%
Current reading's percentile 29

Net margin against peers

Company Net margin
NVR NVR, Inc. compare 12.0%
PHM PulteGroup, Inc. compare 11.6%
TOL Toll Brothers Inc. compare 11.1%
DHI D.R. Horton, Inc. 9.15%
IBP Installed Building Products, Inc. compare 8.46%
CVCO Cavco Industries, Inc. compare 7.89%
SKY Champion Homes, Inc. compare 7.16%
LEN Lennar Corporation compare 4.06%
LEN.B Lennar Corporation compare 4.05%
Residential Construction industry median 7.30%
Consumer Cyclical sector median 1.67%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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