Stock research

D.R. Horton, Inc. (DHI) Stock Research

D.R. Horton is the largest US homebuilder by volume, constructing single-family homes across price points.

For the fiscal year ended September 30, 2025, D.R. Horton, Inc. reported revenue of $34.3B and net income of $3.6B, with operating cash flow of $3.4B. Source: Form 10-K filed November 19, 2025

SEC data as of

Revenue
$34.3B
FY ending 2025-09-30
Net income
$3.6B
FY ending 2025-09-30
Diluted EPS
$11.57
Net margin
10.5%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About D.R. Horton

Exchange
NYSE: DHI
Sector
Consumer Discretionary
SEC industry
Operative Builders (SIC 1531)
Fiscal year end
September 30

DHI key financials

Reported figures from D.R. Horton, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$34.3B2024-10-01 – 2025-09-30SEC filing
Net income$3.6B2024-10-01 – 2025-09-30SEC filing
Operating cash flow$3.4B2024-10-01 – 2025-09-30SEC filing
Diluted EPS$11.572024-10-01 – 2025-09-30SEC filing
Net margin10.5%2024-10-01 – 2025-09-30SEC filing
Shares outstanding290MAs of 2026-01-15SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in DHI

D.R. Horton, Inc. sits in Consumer Discretionary. Retail, autos, travel, and restaurants — spending that expands when confidence and real incomes rise, and contracts first when they fall. We have not yet written company-specific drivers for DHI; the forces that matter most for the sector are:

  • ◆Real wage growth and consumer confidence
  • ◆Interest rates on autos and big-ticket credit
  • ◆Inventory cycles and promotional intensity
  • ◆The trade-down between premium and value

Key questions for the DHI thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does DHI's reported profit turn into cash?

Operating cash flow was $3.4B, 0.95 times net income of $3.6B, for the fiscal year ended September 30, 2025.

Cash from operations roughly matched reported earnings for the year. The cash-flow statement shows which non-cash charges and working-capital moves offset each other.

Form 10-K filed November 19, 2025

How much of DHI's revenue is left as profit?

Net income was 10.5% of revenue for the fiscal year ended September 30, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed November 19, 2025

When does D.R. Horton, Inc.'s fiscal year end?

The SEC lists D.R. Horton, Inc.'s fiscal year end as September 30, not December 31. The latest annual figures here run from October 1, 2024 to September 30, 2025.

Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.

Form 10-K filed November 19, 2025

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What members are reading this month

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Congressional trading in DHI

PoliticianTrade dateTypeOwnerAmountSource
Gilbert Cisneros2026-01-09SaleSelf$1,001 - $15,000Filing #20033983
Gilbert Cisneros2025-11-18PurchaseSelf$1,001 - $15,000Filing #20033619
Lisa McClain2025-10-31SaleSpouse$1,001 - $15,000Filing #20033446
Lisa McClain2025-10-30PurchaseSpouse$1,001 - $15,000Filing #20033446
Lisa McClain2025-10-30SaleSpouse$1,001 - $15,000Filing #20033446
Lisa McClain2025-06-17PurchaseSpouse$1,001 - $15,000Filing #20030891
Josh Gottheimer2025-04-21PurchaseJoint$1,001 - $15,000Filing #20030338
Robert Bresnahan2025-04-08PurchaseSelf$1,001 - $15,000Filing #20030291
Kelly Morrison2025-03-20SaleSelf$1,001 - $15,000Filing #20029121
Kelly Morrison2025-03-20SaleSelf$1,001 - $15,000Filing #20029121

All verified DHI congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

DHI — frequently asked questions

What does D.R. Horton, Inc. do?

D.R. Horton is the largest US homebuilder by volume, constructing single-family homes across price points.

What were DHI's latest reported annual revenue and net income?

For the fiscal year ended September 30, 2025, D.R. Horton, Inc. reported revenue of $34.3B and net income of $3.6B, with operating cash flow of $3.4B. The figures come from D.R. Horton, Inc.'s SEC XBRL filings.

When does D.R. Horton, Inc.'s fiscal year end?

The SEC lists D.R. Horton, Inc.'s fiscal year end as September 30.

Do members of Congress trade DHI?

The current verified House and Senate snapshot contains 15 transaction rows for DHI, each linked to the original filing.

Is DHI a good investment?

This page does not rate DHI as a buy or sell. It sets out what D.R. Horton, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the DHI numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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