D. R. Horton (DHI): financials, SEC filings and peers
D. R. Horton (DHI) is a homebuilding company in the Consumer Discretionary sector of the S&P 500, headquartered in Arlington, Texas.
It was founded in 1978 and joined the S&P 500 on June 22, 2005.
Its fiscal year ends in September, and its shares trade on the NYSE.
In its SEC filings it is classified as “Operative Builders”.
D. R. Horton at a glance
- Revenue (12 months)
- $33.3B
- Revenue growth
- -3.5%
- Operating margin
- 12.3%
- Net income (12 months)
- $3.1B
- Free cash flow (12 months)
- $3.2B
- Cash
- $2.1B
- Debt
- —
- Diluted EPS (12 months)
- $10.51
Twelve months to June 30, 2026, from the 10-Q filed July 23, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, D. R. Horton reported revenue of $33.3 billion, down 3.5% from $34.6 billion a year earlier.
Its operating margin was 12.3%, down 2.9 percentage points from a year earlier: for every $100 of sales, about $12 was left as operating profit.
Net income was $3.1 billion (9.2% of revenue), 23.0% lower than a year earlier.
Operating cash flow was $3.4 billion and capital spending $150 million, leaving free cash flow of $3.2 billion (9.6% of revenue).
At the end of the period it held $2.1 billion in cash and not reported in debt, a net cash position of $2.1 billion.
The diluted share count fell 7.2% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $20.3 billion in fiscal 2020 to $34.3 billion in fiscal 2025, about 11.0% a year.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $27.8B | $33.5B | $35.5B | $36.8B | $34.3B |
| Revenue growth | 36.7% | 20.5% | 5.9% | 3.8% | -6.9% |
| Operating margin | — | — | — | — | — |
| Net income | $4.2B | $5.9B | $4.7B | $4.8B | $3.6B |
| Free cash flow | $441M | $414M | $4.2B | $2.0B | $3.3B |
| Diluted EPS | $11.41 | $16.51 | $13.82 | $14.34 | $11.57 |
Fiscal years as reported in D. R. Horton’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 15, 2026 — Other event
- 10-Q filed July 23, 2026 — quarterly report
- 8-K filed July 21, 2026 — Earnings results
- 8-K filed May 12, 2026 — Material agreement; New debt obligation
- 10-Q filed April 23, 2026 — quarterly report
- 8-K filed April 21, 2026 — Earnings results
- 8-K filed March 31, 2026 — Material agreement; New debt obligation
- 10-Q filed January 22, 2026 — quarterly report
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Questions about D. R. Horton
Is D. R. Horton's revenue growing?
No. Revenue for the twelve months to June 30, 2026 was $33.3 billion, down 3.5% from a year earlier, according to its SEC filings.
Is D. R. Horton profitable?
Yes. It earned $3.1 billion in net income over the twelve months to June 30, 2026, a net margin of 9.2%.
When did D. R. Horton last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 23, 2026.
Which companies are similar to D. R. Horton?
In the S&P 500, D. R. Horton is grouped in Homebuilding within the Consumer Discretionary sector. Lennar (LEN), NVR, Inc. (NVR), PulteGroup (PHM) are in the same group.
Understand the numbers
Source: D. R. Horton’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.