D.R. Horton DHI

Homebuilding. D.R. Horton, Inc., listed on NYSE.

Based on the FY2025 annual report (Oct 2024 – Sep 2025)

D.R. Horton's market cap is
about $44.25 billion.

#240 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $34.2504B.

Share price (close): $157.63; Close on Nov 5, 2026 · per share
P/E ratio: 13.6x; Closing price ÷ latest annual EPS
Market cap: $44.25B; #240 of 289
Revenue: $34.2504B; #100 of 299 · −6.9% YoY
Operating income: —; Not reported
Net income: $3.5852B; #122 of 298 · −24.6% YoY
Free cash flow: $3.2835B; #120 of 261 · +62.2% YoY
Total assets: $35.4712B; #186 of 299 · −1.8% YoY
Dividends paid: $494.8M; #176 of 214 · +25.2% YoY
Dividend per share: $1.60; #154 of 205 · +33.3% YoY
Dividend yield: 1.0%; #137 of 203
Shares outstanding: 294,475,153 shares; As of Sep 30, 2025

Size, put in perspective

Revenue every second$1,090$93.8M a day

Net income every second$114$9.82M a day

Buying Chipotle Mexican Grill with a year's profit7.9% of itBased on Chipotle Mexican Grill's market cap of about $45.41 billion

Market cap vs Chipotle Mexican Grill1.0×D.R. Horton ÷ Chipotle Mexican Grill

Calculated from the FY2025 annual report, spread evenly over 365 days.

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Cost of revenue76.3%
Other expenses9.9%
Income taxes & other3.4%
Net income10.5%

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: −6.9%; #291 of 299; Revenue fell from a year earlier. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: —; Not ranked; The filing doesn't include the items needed to calculate this.
Net marginShare of revenue left as profit after interest and taxes: 10.5%; #197 of 298; After taxes, 10.5% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: 9.6%; #177 of 261; Cash is left over after capital spending. The median across 261 companies is 15.8%.
ROEHow much profit the company earned on shareholders' equity in a year: 14.5%; #154 of 276; Earnings relative to equity are about average. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: 44.4%; #22 of 244; Liabilities are smaller than equity. The median across 244 companies is 159.6%.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations$3.4209B
Capital spending−$137.4M
Free cash flow (FCF)$3.2835B
Dividends paid−$494.8M

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 30%Equity 68%

Total assets$35.4712B
Total liabilities$10.729B
Total equity$24.1904B
Cash and equivalents$2.9854B

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
D.R. HortonDHI	$34.2504B	$3.5852B	−6.9%	—	10.5%
Chipotle Mexican GrillCMG	$11.925601B	$1.535761B	+5.4%	16.2%	12.9%
Yum! BrandsYUM	$8.214B	$1.559B	+8.8%	31.3%	19.0%
CarnivalCCL	$26.622B	$2.76B	+6.4%	16.8%	10.4%
FordF	$187.267B	−$8.162B	+1.2%	−4.9%	−4.4%

What the company does

D.R. Horton is the largest US homebuilder by number of homes sold.

The fiscal year ends around September each year.

Related companies: Chipotle Mexican Grill, Yum! Brands, Carnival, Ford

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	27.7742B	33.48B	35.4604B	36.8014B	34.2504B
Cost of revenue	19.8992B	22.9759B	26.11B	27.266B	26.1342B
Gross profit	7.875B	10.5041B	9.3504B	9.5354B	8.1162B
Pretax income	5.3563B	7.6297B	6.3147B	6.2847B	4.7399B
Net income	4.1758B	5.8575B	4.7457B	4.7564B	3.5852B
EPS (diluted)	$11.41	$16.51	$13.82	$14.34	$11.57
Operating cash flow	534.4M	561.8M	4.3041B	2.1898B	3.4209B
Capital expenditures	93.5M	148.2M	148.6M	165.3M	137.4M
Free cash flow (FCF)	440.9M	413.6M	4.1555B	2.0245B	3.2835B
Dividends paid	289.3M	316.5M	341.2M	395.2M	494.8M
Total assets	24.0159B	30.3511B	32.5824B	36.1043B	35.4712B
Total liabilities	8.7997B	10.5655B	9.4445B	10.2799B	10.729B
Total equity	15.2162B	19.7856B	23.1379B	25.3128B	24.1904B
Cash and equivalents	3.2372B	2.5729B	3.9001B	4.5164B	2.9854B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for D.R. Horton, Inc. · CIK 0000882184 · US-GAAP