D.R. Horton, Inc.
DHIFinancial Statements
Income Statement (Annual)
Amounts in millions
2025
9/30/2025
Revenue
34,250
Cost of Revenue
26,134
Gross Profit
8,116
Gross Margin
23.7%
Operating Income
4,424
Operating Margin
12.9%
Net Income
3,585
Net Margin
10.5%
EPS (Basic)
$11.62
EPS (Diluted)
$11.57
EBITDA
4,841
EBITDA Margin
14.1%
2024
9/30/2024
Revenue
36,801
Cost of Revenue
27,266
Gross Profit
9,535
Gross Margin
25.9%
Operating Income
6,114
Operating Margin
16.6%
Net Income
4,756
Net Margin
12.9%
EPS (Basic)
$14.44
EPS (Diluted)
$14.34
EBITDA
6,372
EBITDA Margin
17.3%
2023
9/30/2023
Revenue
35,460
Cost of Revenue
26,110
Gross Profit
9,350
Gross Margin
26.4%
Operating Income
6,241
Operating Margin
17.6%
Net Income
4,746
Net Margin
13.4%
EPS (Basic)
$13.93
EPS (Diluted)
$13.82
EBITDA
6,406
EBITDA Margin
18.1%
2022
9/30/2022
Revenue
33,480
Cost of Revenue
22,976
Gross Profit
10,504
Gross Margin
31.4%
Operating Income
7,708
Operating Margin
23.0%
Net Income
5,858
Net Margin
17.5%
EPS (Basic)
$16.65
EPS (Diluted)
$16.51
EBITDA
7,711
EBITDA Margin
23.0%
2021
9/30/2021
Revenue
27,774
Cost of Revenue
19,899
Gross Profit
7,875
Gross Margin
28.4%
Operating Income
5,391
Operating Margin
19.4%
Net Income
4,176
Net Margin
15.0%
EPS (Basic)
$11.56
EPS (Diluted)
$11.42
EBITDA
5,430
EBITDA Margin
19.6%