Consumer Discretionary · Homebuilding
D. R. Horton: revenue, profit and dividends
In fiscal 2025, D. R. Horton had revenue of $34.3B, up 12.2% a year on average since 2015, and net income of $3.59B (10.5% of revenue). Its dividend per share has gone up 11 years in a row, to $1.60. It has 16% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · −6.9% vs 2024
- Ticker
- DHI · NYSE
- Sector
- Consumer Discretionary
- Sub-industry
- Homebuilding
- Headquarters
- Arlington, Texas
- Founded
- 1978
- In the S&P 500 since
- June 22, 2005
- Latest fiscal year
- 2025, ended September 30, 2025
- SEC filer
- Horton D R Inc /De · CIK 0000882184
Revenue and net income
Revenue went from $3.66B in 2009 to $34.3B in 2025. Net loss in 2008–2009.
Diluted earnings per share
Diluted EPS went from −$8.34 in 2008 to $11.57 in 2025. Ten-year growth: 19.0% a year.
Dividends per share
Raised 11 years in a row, every year from 2015 to 2025. Ten-year growth: 20.4% a year.
Shares outstanding
16.2% fewer shares in 2025 than in 2015 (370M → 310M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $3.28B in 2025, 9.6% of revenue. Negative in 2012–2014.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $34.3B | $3.59B | 10.5% | $11.57 | $1.60 | 310M | $3.42B | $137M | $3.28B |
| 2024 | $36.8B | $4.76B | 12.9% | $14.34 | $1.20 | 332M | $2.19B | $165M | $2.02B |
| 2023 | $35.5B | $4.75B | 13.4% | $13.82 | $1.00 | 343M | $4.3B | $149M | $4.16B |
| 2022 | $33.5B | $5.86B | 17.5% | $16.51 | $0.90 | 355M | $562M | $148M | $414M |
| 2021 | $27.8B | $4.18B | 15.0% | $11.41 | $0.80 | 366M | $534M | $93.5M | $441M |
| 2020 | $20.3B | $2.37B | 11.7% | $6.41 | $0.70 | 370M | $1.42B | $96.5M | $1.33B |
| 2019 | $17.6B | $1.62B | 9.2% | $4.29 | $0.60 | 377M | $892M | $127M | $765M |
| 2018 | $16.1B | $1.46B | 9.1% | $3.81 | $0.50 | 383M | $545M | $68.1M | $477M |
| 2017 | $14.1B | $1.04B | 7.4% | $2.74 | $0.40 | 379M | $440M | $103M | $338M |
| 2016 | $12.2B | $886M | 7.3% | $2.36 | $0.32 | 375M | $624M | $78.1M | $546M |
| 2015 | $10.8B | $751M | 6.9% | $2.03 | $0.25 | 370M | $700M | $56.1M | $644M |
| 2014 | $8.02B | $534M | 6.6% | $1.50 | $0.14 | 367M | −$661M | $100M | −$762M |
| 2013 | $6.26B | $463M | 7.4% | $1.33 | $0.19 | 365M | −$1.23B | $58M | −$1.29B |
| 2012 | $4.35B | $956M | 22.0% | $2.77 | $0.15 | 359M | −$292M | $33.6M | −$326M |
| 2011 | $3.64B | $71.8M | 2.0% | $0.23 | $0.15 | 318M | $18.9M | $16.3M | $2.6M |
| 2010 | $4.4B | $245M | 5.6% | $0.77 | $0.15 | 319M | $709M | $19.2M | $690M |
| 2009 | $3.66B | −$550M | −15.0% | −$1.73 | $0.15 | 317M | $1.14B | $6.2M | $1.14B |
| 2008 | — | −$2.63B | — | −$8.34 | $0.45 | — | $1.88B | $6.6M | $1.87B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Homebuilding companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.